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Lessons from Thailand: Mobilizing Investment in Energy Efficiency

Developing countries will need about $531 billion of additional investments in clean energy technologies every year in order to limit global temperature rise to 2° C above pre-industrial levels, thus preventing climate change’s worst impacts. To attract investments on the scale required, developing country governments, with support from developed countries, must undertake “readiness” activities that will encourage public and private sector investors to put their money into climate-friendly projects.

WRI’s six-part blog series, Mobilizing Clean Energy Finance, highlights individual developing countries’ experiences in scaling up investments in clean energy and explores the role climate finance plays in addressing investment barriers. The cases draw on WRI’s recent report, Mobilizing Climate Investment.

The development of Thailand’s energy efficiency sector is an interesting case study. It demonstrates how strong government leadership combined with strategic support from international climate finance can drive the transition toward an energy-efficient economy.

In the early 1990s, Thailand’s economy was growing rapidly at 10 percent per year; the power sector was growing even faster. The government recognized that conserving energy would provide a low-cost way to meet its citizens’ rising demand for energy.

Climate Change Must Factor in Smart Policy

This piece originally appeared on TheHill.com.

America is blessed with abundant energy sources, from an array of traditional fuels and natural gas to solar, wind, and other renewable resources. But as the pressure on these resources grows, the United States must have a plan to ensure a stronger and more sustainable future. In today’s world, any smart and effective energy strategy must take into account the risks of climate change.

Climate change impacts are already here. They do not have a political affiliation, nor are they constrained by state boundaries. Moreover, climate impacts are taking a serious toll on America’s infrastructure and economy.

Let’s look at some examples:

America’s coastal areas are particularly vulnerable, as rising sea levels and heavier precipitation are increasing the impacts of hurricanes and other storms. More than 58 percent of U.S. gross domestic product, some $8.3 trillion, is generated in coastal areas (including the Great Lakes). This accounts for some 66 million jobs. Florida, in particular, faces significant threats due to rising seas.

China’s New Leadership: Confronting Energy, Climate, and Environmental Challenges

This post originally appeared on ChinaFAQs.org.

Leading China experts and top media representatives participated in a ChinaFAQs briefing this past Friday to discuss how the country will address pressing environmental, climate, and energy challenges at home and globally in the coming years. At the National People’s Congress beginning March 5, 2013, Xi Jinping and Li Keqiang are expected to formally become China’s president and premier, respectively. Other top spots in China’s ministries will also be assigned, with implications for China’s future of low-carbon development and for the United States.

The briefing was one of ChinaFAQs’ events highlighting the reasons for China’s action on low-carbon energy, including: energy security, economic competitiveness through technological innovation, and climate and environmental impacts.

Listen to the recording:

Embracing Ecological Progress in China

This post originally appeared on ChinaDaily.com.

Over the past two decades, the world has witnessed a remarkable period of economic and human development: More than 2 billion people have gained access to improved drinking water; life expectancy has increased by approximately five years; more children are going to school, with 90 percent enrolled in primary education; and per capita income levels have doubled across developing countries.

China has experienced an even more profound transformation during this period. The country has sustained an annual GDP growth of around 10 percent. Five hundred million people have been lifted out of extreme poverty. People's lives have visibly improved and there are more opportunities for them.

Yet, many challenges remain. With the world's expanding population, rapid economic growth, and booming middle class, the pressure on natural resources is mounting. The truth is the world is on an unsustainable path.

China is part of this problem, but it also must be part of the solution. China faces real challenges when it comes to the environment and natural resources. Demand for water is rapidly outpacing supply, with food, energy, and domestic use intensifying for this scarce resource. The need for affordable and clean energy is on the rise. China's rapidly expanding urban population is having a significant impact on transportation, energy, and water infrastructure.

Mobilizing Climate Investment

The Role of International Climate Finance in Creating Readiness for Scaled-Up, Low-Carbon Energy

Limiting global temperature rise to 2°C above pre-industrial levels will require billions of dollars in investments each year to mitigate greenhouse gas emissions and shift to low-emissions development pathways. This report draws on the experiences of six developing countries to examine how...

Debunking 3 Myths About U.S. Emissions

This post originally appeared on Forbes.com.

The national conversation around climate change has resumed. In both the Inauguration and State of the Union addresses, President Obama devoted considerable time to the issue, including his declaration that “we must do more to combat climate change.”

For some, this call to action may come as a surprise, as multiple recent reports have hailed falling U.S. greenhouse gas emissions. Bloomberg New Energy Finance, for example, found that carbon dioxide emissions in the United States dropped 13 percent over the past five years.

However, the story is not as simple as it seems. By taking a closer look, it becomes clear that the United States needs to do more to shift to a safer pathway.

Here are three popular misconceptions about U.S. greenhouse gas emissions and the underlying truth behind them:

How to Turn State of the Union Address Commitments into Real Climate Action

President Obama made it abundantly clear during the State of the Union address last night that he will direct his Administration to take on climate change. The president reiterated the urgency for action, citing climate impacts we’re already seeing like record high temperatures, heat waves, drought, wildfires, and floods. “We can choose to believe that Superstorm Sandy, and the most severe drought in decades, and the worst wildfires some states have ever seen were all just a freak coincidence,” he said. “Or we can choose to believe in the overwhelming judgment of science--and act before it’s too late.”

The president urged Congress to rise to the challenge by pursuing a “bipartisan, market-based solution,” but he also noted that the Administration will take action—with or without Congress. “I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy,” the president said.

This statement is especially significant because the Administration can take meaningful actions right now even without new legislation. WRI recently released a report detailing the immediate steps federal agencies can take to combat climate change. The four greatest opportunities to reduce greenhouse gas emissions in the short term include:

A Roadmap to Respond to the Climate Crisis

This post originally appeared on TheHill.com.

Tonight, President Obama will address the nation at the State of the Union, laying out his priorities for his second term. Climate change is expected to be high on the list, especially following the Inauguration when the president declared that a failure to respond would "betray our children and future generations."

The president has set a goal for the U.S. to reduce emissions by 17 percent below 2005 levels by 2020; however, the country lacks a clear national plan to get there- and to go even further.

This puts the U.S. out of step with most major countries. For instance, Germany, the United Kingdom, Australia, and South Korea are moving ahead with ambitious emissions targets backed by strong national policies. Even China - which faces real challenges due to its heavy dependence on coal - has targets to rein in carbon emissions and increase its share of renewable energy under its 12th Five Year Plan.

What, then, can the United States achieve, especially with a Congress that is reluctant to act?

The World Resources Institute just released a comprehensive analysis that finds that the Administration can achieve its 17 percent goal by 2020. But, it will take strong leadership and ambitious action.

Implementation Strategies for Renewable Energy Services in Low-Income, Rural Areas

This is the first in a series of three issue briefs based on a three-day workshop held by the World Resources Institute (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,...

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