Pennsylvania is generating more electricity than it has in the past, but the good news is that it’s doing so while emitting less carbon dioxide pollution. In fact, new WRI analysis finds that Pennsylvania can reduce its CO2 emissions 21 percent below 2011 levels by 2020 just by complying with current policies and taking advantage of existing infrastructure. Achieving these reductions will allow Pennsylvania to meet moderately ambitious EPA power plant emissions standards, which are due to be finalized in 2015.
Although EPA has not yet announced what its power plant emissions standards will look like, WRI based its analysis on two hypothetical standards. Under these scenarios, Pennsylvania would be required to reduce its CO2 emissions in the range of 22 to 31 percent below 2011 levels by 2020.
Five-country comparison on solar photovoltaic and on-shore wind energy policies and progress.
Australia is a major nation to watch when it comes to curbing climate change. The country made an international commitment to reduce its GHG emissions by 5 to 25 percent from 2000 levels by 2020. How Australia achieves these reductions can provide lessons on how other countries around the world can pursue their own climate change mitigation plans.
WRI’s Open Climate Network and Australia’s The Climate Institute (TCI) recently analyzed Australia’s climate change plan, which includes a mix of policies to reduce emissions (check out the working paper here). We found that three initiatives stand out in terms of their potential to significantly reduce GHG emissions: a carbon pricing mechanism, a Renewable Energy Target (RET), and the Carbon Farming Initiative (CFI).
As part of his recently released Climate Action Plan, President Obama directed the Environmental Protection Agency (EPA) to set carbon pollution standards for existing power plants. While these federal standards are a critical component of the U.S. plan to reduce greenhouse gas emissions and curb climate change, the responsibility to actually implement them will fall to individual states.
The good news for many states is that they can greatly reduce their power sector emissions through existing policies and infrastructure, such as by meeting state standards for renewables and efficiency and increasing the use of existing natural gas power plants. These measures will ease the path for those states to meet future EPA power plant emissions standards and combat climate change.
WRI recently analyzed the existing tools Ohio can use to reduce its power sector emissions and help meet future EPA emissions standards. Over the coming months, we’ll release a series of fact sheets that outline the steps several other states can take.
Germany’s energy transition (or “Energiewende”) is the most ambitious current effort to put a large industrial economy onto a sustainable energy path, recognizing the 21st century reality of a climate-constrained world. If the world’s fourth largest economy demonstrates that this shift is possible without undermining economic growth, it could be a major factor in enabling a global energy transition. And with climate change intensifying – 2012 was the 36th straight year of above-average global temperature, and 2011 and 2012 each produced more extreme weather events costing over one billion dollars each than any other year in recorded history – reducing greenhouse gas emissions is imperative for any future energy system. Thus, the Energiewende is critical to the ongoing fight against global warming.
As impacts from climate change become more visible and costly, leaders across the nation are responding. In the wake of projections from the University of Maryland’s Center for Environmental Science showing that Maryland could face sea-level rise of more than six feet by the end of the century, Governor Martin O’Malley unveiled a state climate action plan this week. The initiative will reduce greenhouse gas emissions while also supporting job creation and economic growth.
Extreme weather and climate events such as storms, floods, droughts and wildfires visibly impact not only our communities and livelihoods, but also our resources and related infrastructure. In its latest report, U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather, the U.S. Department of Energy (DOE) warns that domestic energy supplies are likely to face more severe disruptions given rising temperatures that result in extreme weather events. The report accurately outlines the risks climate change poses to the energy sector in the United States and serves as a wake-up call on this critical issue, which I highlighted in my testimony before the Energy and Power Subcommittee of the House Energy and Commerce Committee earlier this year.
A social entrepreneur invests the little working capital she has to bring solar electricity to a community that –like 1.2 billion people worldwide– lacks access to electricity. The community used to use dirty, expensive and choking kerosene for light to cook by and for children to learn by. The entrepreneur knows she can recoup her costs, because people are willing to pay for reliable, high-quality, clean energy – and it will be even less than what they used to pay for kerosene. Sounds like a good news story, right?
Three months later, the government utility extends the electrical grid to this same community, despite official plans showing it would take at least another four years. While this could be good news for the community, one unintended consequence is that this undermines the entrepreneur’s investment, wiping out their working capital, and deterring investors from supporting decentralized clean energy projects in other communities that lack access to electricity.
The White House’s climate action plan aims to transform the U.S. electricity system in the coming decades. The President directed the Environmental Protection Agency (EPA) to develop and implement standards to reduce carbon dioxide pollution from power plants, double renewable energy in the United States by 2020, and open public lands to an additional 10 gigawatts of renewable energy development, enough to power more than 6 million homes.
The Green Power Market Development Group advanced a clean energy future by developing 1,000 megawatts of cost-competitive green power from 2000-2010.
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.
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.
When it comes to renewable energy, the Philippines is one of the world’s more ambitious countries. The country set out to triple its share of renewable energy by 2030 based on 2010 levels. The Philippines has one of Asia’s highest electricity rates, in part due to high costs of importing fossil fuels. Enhancing the country’s energy security and keeping power costs down have been the main drivers for setting renewable energy goals.
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 $58.4 billion and added 19.2 GW in capacity.
When President Obama and China’s President Xi Jinping meet in California this week, they will be seeking to build trust and chart a course for improved relations. While tensions abound over various issues, clean energy and climate is one area where cooperation can work.
It’s well-known that China ranks first in the world in attracting clean energy investment, receiving US$ 65.1 billion in 2012. But new analysis from WRI shows another side to this story: China is increasingly becoming a global force in international clean energy investment, too. In fact, the country has provided nearly $40 billion dollars to other countries’ solar and wind industries over the past decade.