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Climate Action: Reduce Risk, Maximize Opportunities

A new report delivers a simple, but powerful message: economic growth and climate action can be achieved together. Drawing on new evidence and hundreds of real-world examples, it focuses on opportunities to shift three key economic systems: energy, land use, and cities.

By the Numbers: The New Climate Economy

How should politicians prioritize between robust economic growth and solving the problem of climate change?

A new report reveals an encouraging answer: There’s no need to choose. Better Growth, Better Climate, finds that low-carbon investments—if done right—could cost about the same as conventional infrastructure, but would deliver significantly greater economic, social, and environmental benefits in the long-run.

A Tale of 3 Countries: Water Risks to Global Shale Development

The shale gas revolution, which began nearly 10 years ago in the United States, is poised to spread across the globe. For many countries, shale gas could strengthen energy security while cutting emissions.

But unlocking this massive resource comes with a significant environmental risk: access to freshwater for drinking, agriculture, and industrial use.

40 Percent of Countries with Largest Shale Energy Resources Face Water Stress

Dozens of countries are deciding whether or not to develop their shale gas and tight oil resources in order to reduce emissions, create new jobs, and increase national energy supplies. However, extracting natural gas and tight oil from shale poses water risk.

We analyzed water stress levels in the 20 countries with the largest shale gas and tight oil resources, and found that 40 percent face high water stress.

The Plain Bad Economics of Today’s Energy Prices

Christine Lagarde, Managing Director of the IMF, recently launched the latest book in a series on what good fiscal policy should look like in a world of environmental externalities.

The message was clear: Ministers of finance and economics should design their tax systems skillfully so as to tax bad things, like pollution and congestion, rather than good things like work and profit. Not to do so is plain, bad economics.

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