New energy efficiency legislation has been introduced by Senators Shaheen and Portman that could come before the U.S. Senate as early as this month. This bill, formally known as the Energy Savings and Industrial Competitiveness Act of 2013 (S. 761), provides goals, incentives, and support for energy efficiency efforts across the U.S. economy. Passage of this bill would be a positive step toward saving money through improved efficiency while helping reduce greenhouse gas emissions.
This post originally appeared on WRI's ChinaFAQs blog.
This has been a big week for U.S.-China collaboration on climate change. Yesterday the U.S.-China Climate Change Working Group (CCWG), which was established in April by the Joint Statement on Climate Change, presented their report on bilateral cooperation between the two countries. Not only does it lay out actions to reduce greenhouse gas emissions, a close reading sheds light on important themes for the future of U.S.-China collaboration on climate change.
The report centers on five separate “action initiatives.” to address key drivers of greenhouse gas emissions in both countries. The U.S. and China make up more than 40 percent of global CO2 emissions, so significant collaboration between the countries is absolutely essential to addressing the problem. The five areas that the report singles out include: vehicle emissions; smart grids; carbon capture, utilization and storage; greenhouse gas data collection and management; and building and industry energy efficiency.
Although the report is built around these five initiatives, four big themes can also be seen:
While reactions to President Obama’s newly announced climate plan have focused on domestic action, the plan actually has potentially significant repercussions for the rest of the world. These repercussions will come in part through his commitment to limit U.S. investments in new coal-fired power plants overseas. If fully implemented, the plan will help ensure that the U.S. government channels its international investments away from fossil fuels and toward clean energy. The move sends a powerful signal—and hopefully, will inspire similar action by other global lenders.
The world has been asking: How will the United States turn its climate change talk into real action? President Obama began to answer that question this week when he announced his National Climate Action Plan, laying out concrete steps to curb climate change at home and abroad, including a policy that would bar the U.S. from financing conventional coal plants internationally.
The concrete steps he described are vital--most importantly because they represent actions, not just words. But everyone should also take note of the starting point in his speech. It reveals the critical role the international climate change process can play in stimulating climate action.
Michael Obeiter, a Senior Associate at WRI, also contributed to this post.
With today’s announcement of a national climate action plan, President Obama is pushing forward to tackle the urgent challenge of climate change. This is the most comprehensive climate plan by a U.S. president to date. If fully and swiftly implemented, the Obama Administration can truly reset the climate agenda for this country.
The plan looks to reduce harmful greenhouse gas emissions in a comprehensive way and takes on the question of how to protect the country from the devastating climate-related impacts we are already seeing today. With a clear, national strategy in place – and concrete steps to implement it – the administration can protect people at home and encourage greater ambition internationally.
Importantly, the president is recommitting the United States to meet its target of reducing greenhouse gas emissions by 17 percent below 2005 levels by 2020. WRI’s recent analysis demonstrates that meeting this target is achievable, but requires ambitious action across many sectors of the economy. WRI identifies four areas with the greatest opportunity for emissions reductions – power plants, energy efficiency, hydrofluorocarbons (HFCs), and methane – which are all specifically included in the plan.
The plan is also notable for addressing climate impacts and encouraging increased international engagement. Together, these steps can help the United States reclaim lost ground on climate change. While there are many details to be worked out, this plan is a welcome step to putting the United States on a pathway to a safer future.
Now, let’s look at some of the specific elements in the plan:
This post originally appeared on the National Journal's Energy Insiders blog.
Climate change impacts are already being felt in the United States and around the world. The latest International Energy Agency (IEA) report confirms that energy-related carbon dioxide emissions hit an all-time high last year.
Is it time to give up on reducing emissions? Absolutely not.
Better to Pursue Climate Action Now
While things may look bad today, unchecked global warming will exponentially increase the human and economic toll of responding to a permanently altered planet. A recent report from the World Bank outlines the devastating effects of a global temperature rise of 4 degrees Celsius (7.2 degrees Fahrenheit) above pre-Industrial levels: flooding of coastal cities, risks to food production, unprecedented heat waves, increased frequency of killer storms, and more. This is not the future that we want to leave our children and grandchildren. Nor can we simply adapt to this future – even if we wanted to.
The IEA makes it clear that acting now will be less costly than waiting until later on. We should be moving toward a low-carbon future, investing in low-carbon energy systems, and preparing our infrastructure for oncoming climate impacts. According to the IEA, delaying action would increase the costs by having to retrofit energy sources and risking their becoming obsolete. The IEA lays out four sensible measures that countries can undertake to curb growth in GHG emissions by 2020—and which come at no net economic cost.
Another season of extreme weather events is upon us. A severe storm, with winds up to 70 miles per hour, whipped its way from Illinois to Washington, D.C. Meanwhile, Colorado is experiencing one of its worst wildfires in history—the Black Forest Fire has burned 15,700 acres, displaced more than 38,000 people, and impacted 13,000 homes. These events are reminders of what the world will look like as our climate system moves into increasingly dangerous and unfamiliar territory.
This week also brought a trifecta of events with significant implications for climate change.
The latest report from the International Energy Agency revealed that energy-related carbon dioxide emissions hit an all-time high in 2012. These emissions are driving up global temperatures and increasing climate instability. The IEA concludes that it’s not too late to change course, but the window for action is closing rapidly.
Our current response to climate change is grossly inadequate. Fortunately, there are some signs that the winds are starting to change.
This post originally appeared on Forbes.com.
When President Obama and China’s President Xi Jinping meet in California this week, they will be seeking to build trust and chart a course for improved relations. While tensions abound over various issues, clean energy and climate is one area where cooperation can work.
Last month, the United States and China released a statement declaring that joint action on climate change can “set the kind of powerful example that can inspire the world.” These two countries have the opportunity to tackle this global challenge, helping keep the world within 2 degrees Celsius of temperature rise, and embrace clean energy on the path to a low-carbon future.
Given the stakes, business leaders should be paying attention.
Clean energy is one of the most important growth sectors in the global economy. It has been projected that $2.3 trillion will be invested in clean energy by 2020, reaching $269 billion last year. China was the number world’s top clean energy investor in 2012, with a record $68 billion. China’s investments are not only within its borders. China’s total overseas investment in 2011 extended to over 130 countries and topped $60 billion.