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Embracing Ecological Progress in China

This post originally appeared on ChinaDaily.com.

Over the past two decades, the world has witnessed a remarkable period of economic and human development: More than 2 billion people have gained access to improved drinking water; life expectancy has increased by approximately five years; more children are going to school, with 90 percent enrolled in primary education; and per capita income levels have doubled across developing countries.

China has experienced an even more profound transformation during this period. The country has sustained an annual GDP growth of around 10 percent. Five hundred million people have been lifted out of extreme poverty. People's lives have visibly improved and there are more opportunities for them.

Yet, many challenges remain. With the world's expanding population, rapid economic growth, and booming middle class, the pressure on natural resources is mounting. The truth is the world is on an unsustainable path.

China is part of this problem, but it also must be part of the solution. China faces real challenges when it comes to the environment and natural resources. Demand for water is rapidly outpacing supply, with food, energy, and domestic use intensifying for this scarce resource. The need for affordable and clean energy is on the rise. China's rapidly expanding urban population is having a significant impact on transportation, energy, and water infrastructure.

Debunking 3 Myths About U.S. Emissions

This post originally appeared on Forbes.com.

The national conversation around climate change has resumed. In both the Inauguration and State of the Union addresses, President Obama devoted considerable time to the issue, including his declaration that “we must do more to combat climate change.”

For some, this call to action may come as a surprise, as multiple recent reports have hailed falling U.S. greenhouse gas emissions. Bloomberg New Energy Finance, for example, found that carbon dioxide emissions in the United States dropped 13 percent over the past five years.

However, the story is not as simple as it seems. By taking a closer look, it becomes clear that the United States needs to do more to shift to a safer pathway.

Here are three popular misconceptions about U.S. greenhouse gas emissions and the underlying truth behind them:

Why 2013 Could Be a Game-Changer on Climate

This piece originally appeared on CNN.com.

As leaders gather for the World Economic Forum in Davos today, signs of economic hope are upon us. The global economy is on the mend. Worldwide, the middle class is expanding by an estimated 100 million per year. And the quality of life for millions in Asia and Africa is growing at an unprecedented pace.

Threats abound, of course. One neglected risk--climate change--appears to at last be rising to the top of agendas in business and political circles. When the World Economic Forum recently asked 1,000 leaders from industry, government, academia, and civil society to rank risks over the coming decade for the Global Risks 2013 report, climate change was in the top three. And in his second inaugural address, President Obama identified climate change as a major priority for his Administration.

For good reason: last year was the hottest year on record for the continental United States, and records for extreme weather events were broken around the world. We are seeing more droughts, wildfires, and rising seas. The current U.S. drought will wipe out approximately 1 percent of the U.S. GDP and is on course to be the costliest natural disaster in U.S. history. Damage from Hurricane Sandy will cost another 0.5 percent of GDP. And a recent study found that the cost of climate change is about $1.2 trillion per year globally, or 1.6 percent of global GDP.

Shifting to low-carbon energy sources is critical to mitigating climate change's impacts. Today's global energy mix is changing rapidly, but is it heading in the right direction?

6 Top Environment and Development Stories to Watch in 2013

This post originally appeared on Bloomberg.com.

As we enter 2013, there are signs of growth and economic advancement around the world. The global middle class is booming. More people are moving into cities. And the quality of life for millions is improving at an unprecedented pace.

Yet, there are also stark warnings of mounting pressures on natural resources and the climate. Consider: 2012 was the hottest year on recordfor the continental United States. There have been 36 consecutive years in which global temperatures have been above normal. Carbon dioxide emissions are on the rise – last year the world added about 3 percent more carbon emissions to the atmosphere. All of these pressures are bringing more climate impacts: droughts, wildfires, rising seas, and intense storms.

All is not lost, but the window for action is rapidly closing. This decade--and this year--will be critical.

Against that backdrop, experts at WRI have analyzed trends, observations, and data to highlight six key environmental and development stories we’ll be watching in 2013.

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Communicating the "Financeability" of Energy Efficiency Projects (EEPs)

Guide to Data Needs for Financing EEPs in China

This guide will help companies be better prepared as they seek to secure attractive external financing for energy efficiency improvements at their facilities in China. The guide can be used by industry, energy services companies, and financiers to achieve a smoother financing process and prompt...

New Coal Report Underscores the Urgent Need for Global Clean Energy Development

The latest International Energy Agency’s (IEA) Medium-Term Coal Market Report 2012 re-confirms the dangerous path the world is on--a path of increasing dependence on coal, which carries serious environmental risks for people and the planet. According to the report, the world will burn 1.2 billion metric tons more coal per year by 2017 compared to today, surpassing oil as the world’s top energy source.

Coal already contributes 40 percent of global greenhouse gas emissions--the IEA projects this figure to grow to 50 percent over the next 25 years. Greenhouse gas emissions--which again reached record levels this year--are driving global climate change, the impacts of which we’re already seeing through more extreme weather events, droughts, and rising sea levels.

To alter course and avoid the worst impacts of climate change, we need a new approach that’s grounded by stable long-term policies, investments, and innovation that leads to a global transition to clean energy. While it may seem that the road to greater coal production is inevitable, the reality is that we can avoid this pathway--if we start now.

A Closer Look at China’s Overseas Investment

When it comes to overseas development finance, China is definitely a country to watch. Due to the country’s unprecedented economic growth, China’s overseas investments have increased exponentially in recent years. Between 2009 and 2010, two Chinese state-owned banks lent more money to other developing nations than the World Bank did. In fact, between 2002 and 2011, China’s outward foreign direct investment (OFDI) stock grew from $29 billion to more than $424 billion.

But what factors are driving all of this growth? What areas of the world are on the receiving end of China’s OFDI flows? And what sorts of social and environmental standards are in place for banks’ and enterprises’ investments? WRI seeks to answer these questions and provide additional background information in its recently updated slide deck, “Emerging Actors in Development Finance: A Closer Look at China’s Overseas Investment.”

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