China will need investments in the order of $330 billion (RMB 2 trillion) a year from 2015-2030 to overcome its environmental challenges. Tapping the private sector can help scale up the country's green finance.
WASHINGTON//LONDON (July 6, 2015)– A new report released by the Global Commission on the Economy and Climate identifies ten key economic opportunities that could close up to 96 percent of the gap between business-as-usual emissions and the level needed to limit dangerous climate change. The report calls for stronger cooperation between governments, businesses, investors, cities and communities to drive economic growth in the emerging low-carbon economy.
The joint statement goes beyond research and development and embraces an unprecedented accord on climate targets, where both countries committed to increase their share of renewables by 20 percent by 2030.
The world’s largest emitter plans to peak its emissions around 2030 and increase its share of non-fossil fuels in energy consumption to around 20 percent by the same year. The country's new climate plan also builds on these commitments with additional announcements on carbon intensity, forests, adaptation and more.
Certain large electricity consumers in Rajasthan state will need to get about 10 percent of their power from renewable sources—or risk getting fined.
The excitement around clean energy access through distributed renewable energy has a good basis in real world experience. By creating the right policy and regulatory conditions, international clean energy access initiatives can help other countries benefit from greater access to electricity through distributed renewable energy.
In the U.S. heartland, where retail electricity costs less than the national average, investing in renewable energy can guard against fossil fuel price volatility and save customers money.
WRI Board member and former Assistant Secretary for Policy at the U.S. Department of Energy Sue Tierney explains why April 16th was a remarkable (and remarkably dull) milestone in electric-industry history.
Nitin Pandit, CEO of WRI India, explains how limiting urban sprawl, investing in natural infrastructure and scaling up clean energy can create a better future for India.