Providing support for ambitious implementation of the Climate Action Plan to achieve near-term emission reductions and to enable the Obama Administration to put forward an ambitious offer for the 2015 agreement.
U.S. public financing for overseas coal-fired power is likely coming to an end.
That’s the clear signal from the U.S. Department of Treasury’s announcement earlier this week. At institutions like the World Bank, where the United States is the largest shareholder, this decision holds real significance.
Pennsylvania is generating more electricity than it has in the past, but the good news is that it’s doing so while emitting less carbon dioxide pollution. In fact, new WRI analysis finds that Pennsylvania can reduce its CO2 emissions 21 percent below 2011 levels by 2020 just by complying with current policies and taking advantage of existing infrastructure. Achieving these reductions will allow Pennsylvania to meet moderately ambitious EPA power plant emissions standards, which are due to be finalized in 2015.
Yesterday, the Obama Administration released the sixth U.S. Climate Action Report (CAR6) for public review, to be submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in January 2014. The report, which all developed countries are required to complete, outlines U.S. historical and future greenhouse gas (GHG) emissions, actions the country is taking to address climate change, and its vulnerability to climate change impacts. This report follows the President’s recently announced Climate Action Plan, which, as the CAR6 report shows, could enable the United States to meet its international commitment of reducing emissions 17 percent below 2005 levels by 2020—if it acts ambitiously, that is.
However, as the report acknowledges, U.S. government agencies will need to propose new rules and take other steps to implement the Climate Action Plan. CAR6 factors in this uncertainty and shows that implementation of the Climate Action Plan will result in reductions in the range of 14 to 20 percent below 2005 levels by 2020 (not taking into account land use). As WRI found in our report, Can The U.S. Get There From Here?, the Obama Administration can achieve a 17 percent emissions-reduction target only by taking ambitious “go-getter” action.
Now is a good time to reflect on what the United States has done over the past four years and what still needs to happen across the major emissions sources in order meet the national emissions-reduction goal and curb the effects of climate change.
Earlier today, the Intergovernmental Panel on Climate Change (IPCC) released the Summary for Policymakers of Working Group I’s (WGI) portion of the 5th assessment report (AR5) on climate change. The report, focused on the physical science of our climate system, confirms the overwhelming scientific consensus that the world is warming and human activities are responsible.
EDITOR'S NOTE 11/18/13: After this blog post was published, the IPCC updated its Summary for Policymakers. The figures in this blog post have been updated to reflect new information.
The Intergovernmental Panel on Climate Change’s (IPCC) Fifth Assessment Report (AR5) has delivered an overwhelming consensus that climate change impacts are accelerating, fueled by human-caused emissions. We may have just about 30 years left until the world’s carbon budget is spent if we want a likely chance of limiting warming to 2 degrees C. Breaching this limit would put the world at increased risk of forest fires, coral bleaching, higher sea level rise, and other dangerous impacts.
When Will Our Carbon Budget Run Out?
The international community has adopted a goal for global warming not to rise above 2°C compared to pre-industrial temperatures. Scientists have devoted considerable effort to understanding what magnitude of emissions reductions are necessary to limit warming to this level, as the world faces increasingly dangerous climate change impacts with every degree of warming (see Box 1).
IPCC AR5 summarizes the scientific literature and estimates that cumulative carbon dioxide emissions related to human activities need to be limited to 1 trillion tonnes C (1000 PgC) since the beginning of the industrial revolution if we are to have a likely chance of limiting warming to 2°C. This is “our carbon budget” – the same concept as a checking account. When we’ve spent it all, there’s no more money (and the planet’s overdraft fees will be much more significant than a bank’s small charges for bounced checks).[^1]
Future U.S. power suppliers will need to limit their carbon pollution, thanks to new standards announced today by the U.S. Environmental Protection Agency (EPA). The proposed emissions standards for new power plants are an important measure in implementing the President’s Climate Action Plan (announced in June) to reduce U.S. greenhouse gas emissions and mitigate global warming.
EPA’s announcement comes against the backdrop of our deepening understanding of the science of climate change. It also arrives as we witness multiple extreme weather events that present a vivid picture of what we are likely to experience in a changing world. This summer, we saw record rainfalls on the southeast coast, massive wildfires in California and Idaho, and most recently, deadly flooding in Colorado. These extreme events--to say nothing of their massive economic cost--remind us of why the United States has an obligation to cut its emissions.
As we’ve previously written, the President’s plan recommits the United States to meeting its international commitment of reducing its GHG emissions by 17 percent below 2005 levels by 2020. With these new standards--along with additional recent steps toward increasing energy efficiency and reducing emissions of potent greenhouse gases like hydrofluorocarbons and methane--the Administration is making progress in all of the sectors WRI identified in our report earlier this year.
Natural gas wells represent a significant source of U.S. greenhouse gas (GHG) emissions, as many of them leak methane, which is more than 20 times more potent than carbon dioxide. But while scientists know that “fugitive methane” is a concern, there’s much uncertainty about the full extent of the problem. A new study from the University of Texas—developed in partnership with the Environmental Defense Fund and nine natural gas production companies (Anadarko, BG Group, Chevron, EnCana, Pioneer, Shell, Southwest, Talisman, ExxonMobil)—sheds some light on this perplexing issue.
As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce emissions from existing power plants—expected to be proposed by June 2014—many states are beginning to think about how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in Michigan. Read about additional analyses in this series.
New analysis by WRI reveals that Michigan has already made big strides to reduce its carbon dioxide emissions, including saving energy and increasing renewable power. And, it has the potential to go even further. According to our research, Michigan can reduce its power sector carbon dioxide (CO2) emissions 33 percent below 2011 levels by 2020 by complying with existing policies and improving infrastructure already in place. Taking these actions now can help the state meet future EPA emissions standards for existing power plants and achieve significant economic benefits.
As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce power plant emissions—which are due to be finalized in June 2015—many states are wondering how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in North Carolina. Read about additional analyses in this series.
International climate action took an encouraging step forward today. President Obama reached agreements with the G-20 and with China to phase down the use of hydrofluorocarbons (HFCs), potent greenhouse gases used in appliances like refrigerators and air conditioners.