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New Global Assessment Reveals Nearly 1,200 Proposed Coal-Fired Power Plants

Coal-fired power plants are a major source of greenhouse gas emissions—one that could be increasing significantly globally, according to new analysis from the World Resources Institute.

Several months ago, WRI began compiling and analyzing information about proposed new coal-fired plants in order to assess potential future risks to the global climate. We released our findings today in the Global Coal Risk Assessment working paper. Our research shows that 1,199 new coal-fired plants with a total installed capacity of 1,401,268 megawatts (MW) are being proposed globally. If all of these projects are built, it would add new coal power capacity that is almost four times the current capacity of all coal-fired plants in the United States.

View the locations of proposed coal-fired power plants by country in our interactive map below.

Issues to Watch at the Doha Climate Negotiations (COP 18)

As the U.N. climate change conference in Doha, Qatar (COP 18) rapidly approaches, the urgency of climate action has never been more evident. Extreme weather has wreaked havoc in many corners of the globe, most recently with Hurricane Sandy, which resulted in loss of life and severe economic hardship in all the countries in its pathway. Many countries—from the United States to those with far less capacity to respond—are still trying to comprehend what happened and how much it will cost to get back to normal.

They also understand that this just may be, to quote New York Governor Andrew Cuomo, “the new normal.” The World Bank Group has just released a shocking report of what a world that is 4 degrees Celsius warmer would look like. We must hope that when delegates arrive in Doha, they grasp the urgency of this issue, recognize the immediate and far-reaching threat to human security, and summon the necessary political will to craft an ambitious and equitable global response.

What Can We Expect This Year as Countries Meet for COP 18?

Last year’s meeting in Durban, South Africa was a potentially important turning point, launching a new round of negotiations to create a legally binding international agreement by 2015 to limit global average temperature increase to 2 degrees C above pre-industrial levels. However, after three consecutive years of rather “big moment” COPs, Doha is more about giving operational momentum to the decisions reached in Durban. COP 18 will likely confirm the design of a second commitment period for the Kyoto Protocol, bring some long-standing work streams to a successful close, and set the parameters for the negotiations leading to a new international climate agreement in 2015.

Global Coal Risk Assessment

Data Analysis and Market Research

Coal-fired power plants are a major source of greenhouse gas emissions—one that could be increasing significantly globally. This working paper analyzes information about proposed new coal-fired plants and other market trends in order to assess potential future risks to the global climate....

Tune in to the Climate Reality Project: Dirty Weather Report

Over the next 24 hours, citizens worldwide who are concerned about our changing climate can tune in to a unique, global event involving hundreds of experts. 24 Hours of Reality: The Dirty Weather Report is a live, online broadcast led by former Vice President and Nobel Laureate Al Gore. (Mr. Gore is also a WRI board member.)

The event will feature news and discussion on climate change from all 24 time zones. I will join a panel discussion at 10 p.m. EST tonight to discuss the U.S. response to climate change, as well as how business is responding to our changing planet. (Check out the panel on the Climate Reality Project website).

As climate change impacts are becoming more apparent, this is a critical moment for people around the world to engage in this issue.

Experts Weigh In: How Can We Make Progress at the Doha Climate Talks?

“Two years ago at the UNFCCC conference in Cancun, negotiators agreed that the world would seek to limit global average temperature rise to 2 degrees Celsius,” Andrew Steer, WRI’s president, said during a recent press call. “We are not on track for that. We’re a long way off, and the situation is very urgent.”

That’s why the upcoming U.N. climate negotiations in Doha, Qatar (COP 18) are so critically important. As sea level rise, wildfires, and devastating droughts showcase, climate change’s impacts are already being felt across the globe. Meanwhile, extreme weather events—most recently, Hurricane Sandy—serve as powerful reminders of what will likely become more and more the norm if action is not taken. When negotiators meet in Doha at the end of this month, they’ll need to figure out a way to make progress, both to finalize the rules of past decisions and how to come to an international climate agreement by 2015.

Listen to a recording of WRI's press call on the upcoming Doha climate talks.

3 Companies that Are Making Money by Embracing Sustainability

Superstorm Sandy and the subsequent Nor’easter were the biggest news this week and last. The combination of two powerful forces resulted in unprecedented and widespread damage. Our thoughts are with those who have been impacted.

I can’t help but draw the connection between our recent extreme weather and businesses today—corporations are increasingly recognizing that they, too, are navigating two powerful forces. One force demands financial results, while the other requires increasingly sophisticated techniques to respond to climate, energy, resource scarcity, and other sustainability risks. The ways businesses navigate both these forces will determine whether they are truly viable over the long-term.

3 Pioneering Businesses Focused on Profits and Environmental Stewardship

On the eve of Hurricane Sandy, I moderated a Net Impact conference panel titled “Driving Bolder Investments in Sustainability.” This panel brought together representatives from Waste Management, Intel, and Pepsi to discuss how sustainability is no longer an add-on, but is becoming core to business planning. These three companies are incorporating environmental initiatives in order to shield themselves from business risk and boost their profits.

3 Climate Change Action Items for the Second Obama Administration

With President Obama’s re-election, he has the opportunity to extend his legacy and take on big challenges. Climate change stands high on the list of issues that need to be addressed. As the President said in his acceptance speech:

“We want our children to live in an America that isn’t burdened by debt, that isn’t weakened by inequality, that isn’t threatened by the destructive power of a warming planet.”

In the final days of the campaign, Hurricane Sandy provided a wake-up call about the impacts of climate change. Recent extreme weather and climate events make clear that ignoring climate change will be costly in human, environmental, and economic terms for the United States and the world. How President Obama addresses climate and energy issues will help define his legacy.

As America recovers economically, we can--and must--also protect the environment and safeguard people’s health. The economy, environment, and public health are not in conflict, but complementary--they cannot be sustained over time without each other. America needs to get on a path that builds economic strength through investment and policy decisions that reward clean energy and enhance climate resilience.

We Need Your Help: Take Our Survey on Greenhouse Gas Accounting for the Financial Sector

The Greenhouse Gas (GHG) Protocol recently partnered with the UNEP Finance Initiative in a critically important endeavor – developing guidance to help the financial sector measure its ”financed emissions” and track reductions. These types of emissions, which are associated with lending and investments, are the most significant part of a financial institution’s carbon footprint.

We are seeking responses to a short (5 – 10 minute) online survey to assist us in establishing the content of the new guidance, which will supplement the GHG Protocol’s Corporate Value Chain (Scope 3) Accounting and Reporting Standard. The deadline for completing the survey is November 23, 2012.

As risk management experts, it’s essential that financial institutions have the necessary tools to consider the implications of continued investment in, and financing of, carbon-intensive sectors and companies. Some financial institutions have developed their own methodologies for accounting for financed emissions, but there’s a lack of consistency between them. Financial institutions need new guidance like that being developed by GHG Protocol and UNEP to adopt risk-management policies and lending procedures that address climate change in a systematic way across the sector.

Listening to Hurricane Sandy: Climate Change Is Here

This post originally appeared on Bloomberg.com.

Hurricane Sandy was a massive and deadly storm, extending more than 1,000 miles, bringing huge waves and more than 13 feet of water to parts of New York City. In Manhattan, floods swept away cars and overflowed subway stations. Along the Jersey shore, homes, property, and businesses were washed away in just a few hours. More than 8 million people in the northeastern United States lost power. Tens of millions more have been affected. And tragically, more than 160 people lost their lives. Outside of the United States, six Caribbean countries were battered by the storm, taking lives and destroying property as it struck. Some early estimates say the storm will cost $50 billion; others say it will be more.

Sadly, science tells us that this type of event will become much more common as our climate continues to change.

Climate change is here and its impacts are being felt today. As Governor Cuomo said earlier this week, “Anyone who says there is not a dramatic change in weather patterns is denying reality.”

Why Businesses Must Focus on Climate Change Mitigation AND Adaptation

This week, Hurricane Sandy drew attention to the increasing climate-related risks for communities and businesses.

More and more companies are recognizing and reporting on actions they’re taking to “mitigate” climate change, reducing greenhouse gas (GHG) emissions through energy efficiency, renewable power, and cleaner vehicles. Now, businesses are finding they’ll also need to “adapt” to more volatile conditions and help vulnerable communities become more resilient. Adaptation means recognizing and preparing for impacts like water stress, coastal flooding, community health issues, or supply chain disruptions, among other issues.

WRI discussed why businesses need to embrace mitigation AND adaptation strategies at the recent Net Impact conference, where I sat on a panel entitled: “Climate Change Adaptation: Mitigating Risk and Building Resilience.” Dr. David Evans, Director of the Center for Sustainability at Noblis, moderated the panel. Other panelists included Gabriela Burian, Director for Sustainable Agriculture Ecosystems at Monsanto, and John Schulz, Director of Sustainability Operations at AT&T.

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