Andrew Steer's recent travels resonated a common narrative: our current, high-carbon path is not only bad for our planet—it’s bad economics, too. He also witnessed how, at three levels—political, analytical, and practical—global momentum is building for a low-carbon future.
low carbon development
The club could play a key role in overcoming the climate crisis—provided that it becomes more than just an informal discussion group.
Like other countries with emerging economies, India faces the dual challenge of reconciling its rapid economic growth with a pressing need to address climate change. In response, it has enhanced its international and domestic efforts to reduce its greenhouse gas emissions.
Countries adopting forest and land-use-based climate change mitigation policies are investing in infrastructure and capacity to track the impacts of these policies.
Brazil has developed a suite of sector-specific greenhouse gas (GHG) mitigation actions that it estimates will result in a reduction of 36.1 percent to 38.9 percent below a projected hypothetical baseline in 2020.
After winning Germany’s federal elections on September 22nd, Chancellor Angela Merkel is in the middle of difficult coalition talks to form a new government. Because Merkel’s party, the Christian Democrats, did not win an absolute majority in parliament, it must find a new coalition partner.
A new Greenhouse Gas Protocol tool to help Chinese cities measure and manage their greenhouse gas (GHG) emissions was launched today in Beijing.
Developed country governments have repeatedly commit¬ted to provide new and additional finance to help developing countries transition to low-carbon and climate-resilient growth.
Bringing together some of the world’s foremost economic experts to contribute to the global debate about climate change and economic policy, and to inform government, business and investment decisions.
When President Barack Obama announced the country’s first national climate strategy, many people wondered what it would mean across the nation. Yet, the strategy may carry even more significant implications overseas.
The plan restricts U.S. government funding for most international coal projects. This policy could significantly affect energy producers and public and private investors around the globe.
Stabilizing the global climate is one of the most urgent challenges in coming decades. Our warming world affects all people and ecosystems, particularly the poor who already suffer disproportionately from climate-change impacts.
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.
The world’s two largest greenhouse gas emitters—the United States and China—have been forging a growing bond in combating climate change. Just last week, President Obama and President Xi made a landmark agreement to work towards reducing hydrofluorocarbons (HFCs), a potent greenhouse gas. And both the United States and China are leading global investment and development of clean energy. The United States invested $30.4 billion and added 16.9 GW of wind and solar capacity in 2012. China invested $58.4 billion and added 19.2 GW in capacity.
“Energiewende” may not be a household word in the United States today, but U.S. citizens and policymakers are likely to hear more about it. It’s the name of Germany’s ambitious energy transformation, which aims to move the country to at least 80 percent of electricity from renewable energy sources by 2050.
Germany is in the midst of an unprecedented clean energy revolution. Thanks to the “Energiewende,” a strategy to revamp the national energy system, Germany aims to reduce its overall energy consumption and move to 80 percent renewable energy by 2050. The country has already made considerable progress toward achieving this ambitious goal.
As part of the international climate negotiations, developed country governments committed to provide developing countries with “new and additional resources, including forestry and investments through international institutions, approaching $30 billion in the period 2010-2012 with balanced alloc
Surprising as it may sound, there is no standard definition of climate finance. In fact, there are many differing views on what type of funding constitutes climate finance, how it should be delivered, and how much money developing nations will need to mitigate climate change and adapt to its impacts. This vortex of information can be confusing to navigate. Here, we'll do our best to break down all of the components that define “climate finance.”
Six years after the release of the landmark Stern Review on the Economics of Climate Change, Lord Nicholas Stern revealed yesterday the most challenging hurdle ahead for international climate action. Overcoming this obstacle is not a matter of figuring out the scientific or policy pathways needed to curb climate change—nor is it determining what technologies to adopt or what investments must be made. “What’s missing is the political will,” said Stern.
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.