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A new report from the International Monetary Fund (IMF), Getting Energy Prices Right: From Principle to Practice, argues that the costs of coal, natural gas, gasoline, and diesel fail to account for these fuels’ environmental and social impacts—such as greenhouse gas emissions, air pollution, and traffic deaths.

Setting prices that reflect these side effects—through taxes, licensing, or cap-and-trade systems—could reduce deaths from fossil fuel-related air pollution by 63 percent, decrease global carbon dioxide emissions by 23 percent, and generate revenues totaling about 2.6 percent of global GDP.

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At its core, environmental democracy involves three mutually reinforcing rights: the ability for people to freely access information on environmental quality and problems, to participate meaningfully in decision-making, and to seek enforcement of environmental laws or compensation for damages

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Sixty percent of the largest U.S. businesses have set public climate and energy goals to increase their use of renewable energy. Companies are setting these goals because reducing energy use and using renewable energy have become core elements of business and sustainability strategies.

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There’s a growing gap between current investment in low-carbon energy and what’s needed to meet world demand while avoiding the worst impacts of climate change. The good news is there’s sufficient capital and investor interest to close much of this gap.

However, policies that encourage market certainty and level the playing field between different energy sources are needed to attract the volume of investment required, according to a special International Energy Agency (IEA) report, the World Energy Investment Outlook, released this month.

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A new WRI working paper, “Monitoring Climate Finance in Developing Countries: Challenges and Next Steps,” draws on a series of three regional workshops in Latin America, Africa, and Asia where representatives from governments and other agencies discussed the challenges in monitoring climate finance flows, and some of the efforts their countries are making to overcome these challenges.

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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.

Mexico’s experiences with wind energy provide an important case study for policy makers pursuing renewable energy deployment in other countries.

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Arkansas has already taken steps to reduce its near-term power sector CO2 emissions by implementing energy efficiency policies. And the state has the opportunity to go even further. In fact, new WRI analysis finds that Arkansas can reduce its CO2 emissions 39 percent below 2011 levels by 2020 by implementing new clean energy strategies and taking advantage of existing infrastructure. Achieving these reductions will allow Arkansas to meet moderately ambitious EPA power plant emissions standards, which are due to be finalized in 2015.

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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.

South Africa’s experiences with wind energy provide an important case study for policy makers pursuing renewable energy deployment in other countries.

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In India, Tamil Nadu Electricity Governance Initiative (TEGI)—a network of consumer and civil society groups—has been using the Electricity Governance Initiative’s new tool, 10 Questions to Ask About Integrated Resources Planning, to evaluate the state’s current planning approach and understand how it can be improved.

This tool was designed to help make decision-making processes more transparent and enable greater engagement in the electricity sector. To date, TEGI’s work provides a good example of how this tool can be used to start putting Integrated Resources Planning (IRP) principles into practice.

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