Decarbonising the World's Economy

Decarbonising the World's Economy PDF

Author: Terry Barker

Publisher: World Scientific

Published: 2014-11-13

Total Pages: 376

ISBN-13: 1783265132

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Too often amongst policy makers and thought leaders an assumption is made that we must make a choice between tackling climate change and having a strong economy; tackling climate change and allowing poorer nations to develop; tackling climate change and having a secure energy system. However, a decade of advanced modelling tested against historical data has provided wide evidence that well-chosen policies can be implemented that avoid these apparent either/or choices. This highly interdisciplinary book provides an overview of potential pathways for the decarbonisation of the global economy. By examining the entire global economy, we show policy-makers and thought-leaders that greatly reducing the risks of climate change can be consistent with energy security, economic development in poor nations, and vibrant economies in already developed nations. Advanced models of the relationships between the economy, energy and climate change pioneered at the Cambridge Centre for Climate Change Mitigation Research (4CMR) over the past decade provides a sound evidence base for decisions. This book examines not only the impacts of policies, but also the feasibility of bringing them forward and the ways in which energy, climate and economic policies can and must be joined up if climate, energy and economic goals are to be met globally. Economists, physicists, engineers, policy analysts, environmental scientists, climate scientists, political analysts, lawyers and computational scientists are brought together for the first time to produce analyses that make up a unique approach to a global problem that must be addressed sooner rather than later. Contents:Introduction (Terry Barker)The Case for Decarbonisation (Douglas Crawford-Brown and Martin Sewell)Policies and Measures for Mitigating Climate Change (Paul Haynes and Yongfu Huang)Scenario Design for a Global Low-carbon Economy (Jun Li and Aleix Altimiras-Martin)Modelling Decarbonisation Scenarios (Annela Anger, Terry Barker and Mark Syddall)The Economic Feasibility of Policies for Decarbonisation (Terry Barker, Annela Anger and Hector Pollitt)Feasibility of Decarbonisation from a Technology Perspective (J-F Mercure and Pablo Salas)Feasibility of Reducing Emissions by End-use Sector (Scott Kelly, Andrew Skelton and Aleix Altimiras-Martin)From Theory to Practice: Climate Policy and Political Feasibility (Sonja Klinsky and Michael Grubb)Co-impacts of a Decarbonised Economy (Douglas Crawford-Brown and Ann Thompson)Conclusions (Terry Barker) Readership: Academics and policy makers interested in forming policies that target energy, climate and economic issues. Key Features:Conclusions are based on a decade of developing some of the most advanced models of links between energy, economic and environmental issuesExamines the entire global economy, showing how policies and actions in any one nation influence behaviours in other nationsHighly interdisciplinary content, with analyses produced by economists, physicists, engineers, policy analysts, environmental scientists, climate scientists, political analysts, lawyers and computational scientistsKeywords:Climate Change;Climate Policy;Economic Development;Environment;Energy Policy;Low Carbon Technology

The Decarbonization Imperative

The Decarbonization Imperative PDF

Author: Michael Lenox

Publisher: Stanford University Press

Published: 2021-10-19

Total Pages: 312

ISBN-13: 1503629627

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Time is of the essence. Climate change looms as a malignant force that will reshape our economy and society for generations to come. If we are going to avoid the worst effects of climate change, we are going to need to effectively "decarbonize" the global economy by 2050. This doesn't mean a modest, or even a drastic, improvement in fuel efficiency standards for automobiles. It means 100 percent of the cars on the road being battery-powered or powered by some other non-carbon-emitting powertrain. It means 100 percent of our global electricity needs being met by renewables and other non-carbon-emitting sources such as nuclear power. It means electrifying the global industrials sector and replacing carbon-intensive chemical processes with green alternatives, eliminating scope-one emissions—emissions in production—across all industries, particularly steel, cement, petrochemicals, which are the backbone of the global economy. It means sustainable farming while still feeding a growing global population. Responding to the existential threat of climate change, Michael Lenox and Rebecca Duff propose a radical reconfiguration of the industries contributing the most, and most harmfully, to this planetary crisis. Disruptive innovation and a particular calibration of industry dynamics will be key to this change. The authors analyze precisely what this might look like for specific sectors of the world economy—ranging from agriculture to industrials and building, energy, and transportation—and examine the possible challenges and obstacles to introducing a paradigm shift in each one. With regards to existent business practices and products, how much and what kind of transformation can be achieved? The authors assert that markets are critical to achieving the needed change, and that they operate within a larger scale of institutional rules and norms. Lenox and Duff conclude with an analysis of policy interventions and strategies that could move us toward clean tech and decarbonization by 2050.

Diversification and Cooperation in a Decarbonizing World

Diversification and Cooperation in a Decarbonizing World PDF

Author: Grzegorz Peszko

Publisher: World Bank Publications

Published: 2020-07-24

Total Pages: 160

ISBN-13: 1464813418

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This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel†“dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of oil, gas, or coal; the use of carbon-intensive infrastructure (for example, refineries, petrochemicals, and coal power plants); or both. Fossil fuel†“dependent countries face financial, fiscal, and macro-structural risks from the transition of the global economy away from carbon-intensive fuels and the value chains based on them. This book focuses on managing these transition risks and harnessing related opportunities. Diversification and Cooperation in a Decarbonizing World identifies multiple strategies that fossil fuel†“dependent countries can pursue to navigate the turbulent waters of a low-carbon transition. The policy and investment choices to be made in the next decade will determine these countries’ degree of exposure and overall resilience. Abandoning their comfort zones and developing completely new skills and capabilities in a time frame consistent with the Paris Agreement on climate change is a daunting challenge and requires long-term revenue visibility and consistent policy leadership. This book proposes a constructive framework for climate strategies for fossil fuel†“dependent countries based on new approaches to diversification and international climate cooperation. Climate policy leaders share responsibility for creating room for all countries to contribute to the goals of the Paris Agreement, taking into account the specific vulnerabilities and opportunities each country faces.

Decarbonising Economies

Decarbonising Economies PDF

Author: Harriet Bulkeley

Publisher: Cambridge University Press

Published: 2022-02-24

Total Pages: 152

ISBN-13: 1108945333

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Based on an interdisciplinary investigation of future visions, scenarios, and case-studies of low carbon innovation taking place across economic domains, Decarbonising Economies analyses the ways in which questions of agency, power, geography and materiality shape the conditions of possibility for a low carbon future. It explores how and why the challenge of changing our economies are variously ascribed to a lack of finance, a lack of technology, a lack of policy and a lack of public engagement, and shows how the realities constraining change are more fundamentally tied to the inertia of our existing high carbon society and limited visions for what a future low carbon world might become. Through showcasing the first seeds of innovation seeking to enable transformative change, Decarbonising Economies will also chart a course for future research and policy action towards our climate goals. This title is also available as Open Access on Cambridge Core.

The Whole World's Watching

The Whole World's Watching PDF

Author: Martyn Turner

Publisher: John Wiley & Sons

Published: 2001-03-30

Total Pages: 196

ISBN-13:

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In The Whole World's Watching the authors explain how money can be channeled into the technology that will preserve the lifestyles we currently enjoy and create a new era of economic growth. This is a book that proposes real, concrete solutions. Environmentalists and politicians will not stop climate change from occurring: industry will and it will happen a lot sooner than we think. Global warming is real and not a problem that will disappear on its own. This book explains why it is now time to mobilize the world's financial markets to work for the good of mankind. The money to finance the changes necessary to prevent climatic mutation should come from Wall Street, instead of Washington or Berlin.

Decarbonizing Development

Decarbonizing Development PDF

Author: Marianne Fay

Publisher: World Bank Publications

Published: 2015-06-09

Total Pages: 184

ISBN-13: 1464806063

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The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

Environmental and Economic Impacts of Decarbonization

Environmental and Economic Impacts of Decarbonization PDF

Author: Óscar Dejuán

Publisher: Routledge

Published: 2017-07-31

Total Pages: 422

ISBN-13: 1351848410

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On December 12th, 2015, at the United Nations Conference on Climate Change held in Paris, 195 countries adopted the first-ever universal and legally binding climate deal. They agreed to decarbonize the economy in order to hold the increase in the global average temperature to well below 2oC relative to the preindustrial levels. Although each country is free to design its own strategy on mitigation and adaptation, it will be bound to such strategy and is supposed to implement the bulk of the adjustments by 2050. Many questions arise from the Paris Agreement that points to a second Industrial Revolution. What are the required changes in the structure of production and in the patterns of consumption? What will be their impacts on emissions, employment and international trade? This book answers these questions from a variety of input-output models able to compute the impacts on specific sectors and regions. This volume has 17 chapters written by 52 co-authors who are specialists in input-output analysis and environmental sustainability. They come from 24 universities, research centers and international agencies all over the world, sharing their commitments to explain important and complex ideas in a way that is understandable to the non-experts and experts alike. Environmental and Economic Impacts of Decarbonization is a very important read for those who study environmental economics, climate change and ecological economics.

Assessing Low-Carbon Development in Nigeria

Assessing Low-Carbon Development in Nigeria PDF

Author: Raffaello Cervigni

Publisher: World Bank Publications

Published: 2013-07-10

Total Pages: 426

ISBN-13: 082139973X

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The Federal Government of Nigeria has adopted Vision 20: 2020--an ambitious strategy to make Nigeria the world's 20th largest economy by 2020. In the absence of policies to accompany economic growth in key carbon-emitting sectors with a reduced carbon footprint, emission of greenhouse gases could more than double in the next two decades. To evaluate how to achieve the objectives of Vision 20: 2020 with reduced carbon emissions, the Federal Government of Nigeria and the World Bank undertook a multiyear program of analytical work. The summary results of this program are contained in a separate book (published in the World Bank's "Directions in Development" series) entitled Low-Carbon Development: Opportunities for Nigeria, which concludes that Nigeria can achieve its development objectives, while stabilizing emissions at 2010 levels and providing domestic benefi ts on the order of 2 percent of GDP. This volume is a collection of the background technical reports on the four sectors of inquiry: agriculture and land use, oil and gas, power, and transport. It contains details on the data, methodology, and assumptions used throughout the analysis. For agriculture and land use, the study team developed an agriculture production growth model, which permits the evaluation of sector emissions in both a reference and a low-carbon scenario. The study fi nds that low-carbon practices have signifi cant potential to make the sector more productive and more climate-resilient. For the oil and gas sector, the analysis assesses the potential of accelerated phase-put of gas fl aring, reduction of leakages, and increased energy effi ciency in the operation of facilities, to both reduce the sector's emission and contribute to the industry's net revenues and growth. The analysis of the power sector shows how the country can expand power generation and broaden access to electricity while reducing associated emissions, through renewable energy, energy effi ciency, and lower-carbon technologies in thermal power generation. Finally, this analysis assesses the expected growth in CO2 emissions from on-road transport under a normal business development scenario up to the year 2035, and it identifi es actions at national and local levels that would reduce this growth, resulting in fuel economies, better air quality, and reduced congestion. Assessing Low-Carbon Development in Nigeria: An Analysis of Four Sectors outlines several actions that the Nigerian government could undertake to facilitate the transition to a low-carbon economy.

The Macroeconomics of Decarbonisation

The Macroeconomics of Decarbonisation PDF

Author: Grégory Claeys

Publisher: Cambridge University Press

Published: 2024-02-08

Total Pages: 347

ISBN-13: 1009438387

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Decarbonisation is the reduction of carbon dioxide emissions using low carbon power sources, lowering output of greenhouse gasses into the atmosphere. This is essential to meet global temperature standards set by international climate agreements. To limit global warming to 1.5°C, hence avoiding the worst-case scenarios predicted by climate science, the world economy must rapidly reduce its emissions and reach climate neutrality within the next three decades. This will not be an easy journey. Shifting away from carbon-intensive production will require a historic transformation of the structure of our economies. Written by a team of academics linked to the European think tank Bruegel, The Macroeconomics of Decarbonisation provides a guide to the macroeconomic fundamentals of decarbonisation. It identifies the major economic transformations, both over the long- and short-run, and the roadblocks requiring policy intervention. It proposes a macroeconomic policy agenda for decarbonisation to achieve the climate goals of the international community.

Global Renewables Outlook: Energy Transformation 2050

Global Renewables Outlook: Energy Transformation 2050 PDF

Author: International Renewable Energy Agency IRENA

Publisher: International Renewable Energy Agency (IRENA)

Published: 2020-04-01

Total Pages: 344

ISBN-13: 9292602500

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This outlook highlights climate-safe investment options until 2050, policies for transition and specific regional challenges. It also explores options to eventually cut emissions to zero.