This is the first in a series of three issue briefs, based on a three-day workshop held by WRI and the DOEN Foundation in March 2012. Through the workshop and subsequent interviews, WRI brought together the experiences of 25 socially oriented energy enterprises, organizations, and financiers who...
Franz Litz, Executive Director of Pace Law School's Energy and Climate Center, also contributed to this post.
WRI just released a new report that answers the important question: Is the United States on track to meet its climate change commitments?
The report, Can the U.S. Get there from Here? Using Existing Federal Laws and State Action to Reduce Greenhouse Gas Emissions, looks at whether the U.S. Administration--without congressional action--can meet its goal of reducing greenhouse gas (GHG) emissions 17 percent below 2005 levels by 2020. (This is a goal the United States committed to in 2009.)
According to our research, the United States is not yet on track to meet the 17 percent target. However, the country can get there using existing federal laws, provided that the Administration takes ambitious action. We also found that states can play a significant role in reducing GHG emissions and can help supplement federal action.
This report is a legal and technical analysis that explores three levels of ambition for the Administration: “lackluster,” “middle of the road,” and “go-getter.” These scenarios are based on an extensive review of the technical literature on what is possible. The interactive graphic below highlights what can be accomplished through federal action under these scenarios.
Copy the embed code to use this infographic on your own site.
As we’ve seen recently with Hurricane Sandy, epic drought, and wildfires, climate change visibly impacts lives and livelihoods throughout the United States. Global warming’s effects extend beyond people, wildlife, and ecosystems, though: They’re threatening America’s energy infrastructure.
Today, I testified on this very subject before the Energy and Power Subcommittee of the House Energy and Commerce Committee at a hearing entitled “American Energy Security and Innovation: An Assessment of North America’s Energy Resources.” I highlighted the energy risks and opportunities climate change presents, the role that clean energy should play, and actions Congress can take to mitigate global warming’s threats. Excerpts from the testimony are included below, or you can download my full testimony.
Climate Change Threatens Energy Infrastructure
Climate instability directly affects the future security of the U.S. energy sector. For example:
- Each successive decade in the last 50 years has been the warmest on record globally, and according to the U.S. National Climate Assessment, average temperatures will continue to rise. Energy demand is directly impacted by these temperature increases. A recent study in Massachusetts estimates that rising temperatures could increase demand for electricity in the state by 40 percent by 2030.
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?
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 record for 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.
With more than 400 million of its 1.2 billion citizens without access to electricity, India needs extensive energy development. A new initiative aims to ensure that a significant portion of this new power comes in the form of renewable energy.
The Green Power Market Development Group
Today, WRI and the Confederation of Indian Industries (CII) launched the Green Power Market Development Group (GPMDG) in Bangalore, India. The group will help boost the country’s use of renewable energy like wind and solar power.
The public-private partnership brings together industry, government, and NGOs to build critical support for renewable energy markets in India. For starters, the group will connect potential industrial and commercial renewable energy purchasers with suppliers. A dozen major companies belonging to a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others—have already joined the initiative and have committed to explore options for increasing their use of renewable energy.
The group also aims to make India’s clean energy development more mainstream. Green power buyers and generators in India currently face policy and regulatory barriers—such as high transmission costs and extensive approval processes. Through the GPMDG, the private sector will be able to work constructively with government agencies to instigate the types of renewable energy policies that will spur greater 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.
An Overview of the Current Policy Landscape
This report draws on projections from the “Energy Roadmap 2050” to assess whether the European Union is on track to reach its greenhouse gas (GHG), renewable energy, and energy efficiency targets. We find that the EU is on track to surpass its 2020 GHG reduction and renewable energy targets...
The global renewable energy industry has experienced dramatic growth in recent years. Renewable energy capacity (excluding hydropower) has more than doubled since 2005. In 2011, new clean energy investments reached a record $257 billion (a six-fold increase from 2004), and approximately half of the world’s new electric capacity came from renewable sources. These gains came despite the tumultuous backdrop of a global financial crisis and a rapidly changing clean energy technology industry - one that’s experiencing increased global competition, rapidly falling industry prices, and oversupply in the solar photovoltaic (PV) and wind sectors.
However, the benefits of the clean energy industry have not been shared evenly around the world. WRI’s new working paper, Delivering on the Clean Energy Economy, shows that countries have varied widely in their success of growing renewable energy industries that achieve both global competitiveness and domestic benefits. The main reason for this variation lies in the types of national policies the countries have in place.
According to our new research, countries who have been successful with their clean energy development have:
Taken a Comprehensive Approach: Policies are integrated at the national level
Sustained Policy in a Predictable Manner: Policies have an established lifetime of at least three-to-four years to enhance industry certainty
Implemented Targeted Policies: Policies address the needs of different technologies and target the needs of the entire value chain