There’s a growing gap between current investment in low-carbon energy and what’s needed to meet world demand while avoiding the worst impacts of climate change. The good news is there’s sufficient capital and investor interest to close much of this gap.
However, policies that encourage market certainty and level the playing field between different energy sources are needed to attract the volume of investment required, according to a special International Energy Agency (IEA) report, the World Energy Investment Outlook, released this month.
After the 2011 Fukushima Daiichi nuclear disaster, Japan halted all existing nuclear operations and significantly scaled back its 2020 emissions-reduction target. As Japan revises its energy policy over the next few years, officials will decide the future of the country’s energy mix—and its climate action.
New research reveals that Japan can likely go beyond its emissions-reduction target with existing initiatives, but needs to pursue more ambitious action in the long-term to truly overcome the climate change challenge.
An Overview of the Current Policy Landscape
In 2013, in the aftermath of the Fukushima Daiichi nuclear power plant disaster, the government of Japan put forth a revised target to reduce greenhouse gas (GHG) emissions by 3.8 percent from 2005 levels by 2020.
This paper analyzes this target and finds that Japan can likely meet it by...
What do Australia, the United Kingdom and the United States have in common? They are among the few countries that are linking their national greenhouse gas (GHG) emissions data with GHG data from individual industrial facilities.
Inventories are a fundamental tool for countries and facilities to measure and manage their GHG emissions. Establishing these linkages and sharing data between different inventory systems will continue to be critical in improving the quality of inventories, increasing their usefulness, reducing emissions at both the national and facility level, and enhancing their value for decision makers.
Although there is no “one-size-fits-all” solution to developing a sustainable national GHG inventory system, countries can learn from each other’s experiences: What’s worked and why? What hasn’t worked and why? And how have countries built their capabilities for compiling a national inventory over time?
On Monday, the Environmental Protection Agency announced its Clean Power Plan, the first time the United States has set standards to limit carbon pollution from existing power plants. The Plan sets emissions reduction goals for individual states; once the goals are finalized next year, states will develop plans to achieve the necessary reductions. EPA’s modeling indicates that the standards will reduce national carbon pollution from power plants by 30 percent below 2005 levels by 2030.
To this day, carbon pollution—the main driver of climate change—has not been controlled from power plants.
That’s why the U.S. EPA’s new rules are so momentous, putting federal limits on carbon pollution from existing power plants for the first time. With the power sector representing a third of America’s carbon footprint, these rules are the biggest single action the administration can take to drive down greenhouse gases.
In response to the Environmental Protection Agency’s proposed emissions standards on existing power plants, World Resources Institute board members released the following statements:
Felipe Calderón, former President of México, Chair of the Global Commission on the Economy and Climate and Board Member, WRI:
“I would like to congratulate President Obama on this bold move to reduce carbon emissions in the United States.
WASHINGTON—Today, the Obama Administration released the first national standards to limit carbon dioxide emissions from existing power plants. These standards are the next step in implementing the U.S. Climate Action Plan to address the growing threat of climate change. The proposal would put in place emission cuts of 30 percent by 2030 compared to 2005 levels.