Climate Change

Increasingly frequent extreme weather events, record annual global average temperatures and disruptive seasonal changes all provide growing evidence of anthropogenic climate change. The fossil fuel-based growth trajectory of the last century is no longer sustainable or economically viable. The world’s nations, businesses, and citizens must fundamentally rethink current energy policies, practices, and actions.

Even in the absence of an international framework for reducing greenhouse gas emissions, several countries, states, and provinces are developing and implementing climate policies. A growing number of these policies include market-based programs, some of which aim to link to each other through regional and global carbon markets. Countries like the United States can learn a lot from the economic and political experiences of these climate policy “first movers.”

Earlier this week, I sat on a panel at Carbon Forum North America entitled “International Trade and Carbon: It’s a Competitive World.” At this session, we considered current issues and concerns involved with implementing climate policies, especially how pricing carbon pollution can impact economic competitiveness.

4 Key Issues that Came Up During Our Discussion:

  1. Carbon markets are on the rise. According to Jeff Hopkins, a fellow panelist and principal adviser for international energy and climate policy at Rio Tinto, by 2014, roughly 25 percent of global carbon dioxide emissions will be covered under market-based emissions-reduction programs. Hopkins also estimates that by 2014, 75 percent of emissions from Rio Tinto’s operations will occur in jurisdictions that have enacted market-based emissions-reduction policies.

“To tell the story of the corporation is to tell the story of a grand bargain gone awry,” says Pavan Sukhdev in his new book, Corporation 2020: Transforming Business for Tomorrow’s World. It’s a bold statement, but he backs up his claim persuasively. While many companies are reaching record profits, they’ve oftentimes come at the expense of ecological degradation, rising greenhouse gas emissions, unemployment, spikes in food and fuel costs, and social inequalities.

But Sukhdev has developed what he believes is a framework for shifting the private sector towards a greener, more equitable economy. WRI recently hosted Sukhdev at our Washington, D.C. office to discuss his new book and his vision for the future. The founder of GIST Advisory and former head of UNEP’s Green Economy Initiative joined a panel discussion with WRI’s Managing Director, Manish Bapna, and Naoko Ishii, CEO of the Global Environment Facility.

“Pavan has written a remarkable new book,” said WRI’s president, Andrew Steer, who opened Wednesday’s event. “It not just a book, but really a campaign to change corporations in four viable ways.”

The 4 “Planks” for Corporate Sustainability

Sukhdev’s framework for shifting the private sector towards greater social and environmental sustainability includes what he calls the “four planks of change:”

Australia, one of world’s most carbon-intensive countries, recently began implementing a comprehensive national policy to address climate change and transition to a clean-energy economy. Yesterday, WRI had the pleasure of hosting Mark Dreyfus, Australian Parliamentary Secretary for Climate Change and Energy Efficiency, who outlined his country’s plans to a group of business, congressional, and NGO representatives.

One point that came through at the event is that Australia’s recent energy and climate choices can be very instructive to the United States. This post provides a quick look at Australia’s new policy and explores how it can inform and inspire U.S. efforts to move toward a low-carbon future.

Why Did Australia Adopt a National Climate and Energy Policy?

Australia faces a high level of climate risk, with significant vulnerability to sea level rise as well as to extreme weather events like drought, heat waves, and wildfires. At the same time, the country is heavily dependent on carbon-intensive resources. Australia has the highest per capita greenhouse gas emissions of any country in the developed world, and it’s the 15th largest emitter overall.

This post was co-authored with Vinod Thomas, Director-General of Independent Evaluation at the Asian Development Bank.

Can extreme poverty be eliminated in the next 20 years? With much of the world still mired in an economic slump, the question might seem ill-timed. Yet, as heads of state arrive in New York on Monday for the 67th United Nations General Assembly, this goal should be at the top of the agenda.

There are two compelling reasons why world leaders should seize this moment. First, this is a crucial chance to build on the hard-won progress in reducing poverty over the past two decades. With the UN-led Millennium Development Goals (MDGs) as a galvanizing force, the number of people living below $1.25 a day fell from some 43 percent in 1990 to about 22 percent in 2008. But far more still needs to be done.

China and the United States have a lot in common. China’s rapid economic development and America’s industry have turned the two nations into world’s largest energy users, as well as the biggest emitters of carbon dioxide. So it’s fitting that experts from these two countries share ideas on how to grow their economies in ways that also protect the environment.

That’s exactly what happened this week when WRI hosted a high-level Chinese delegation in Washington, D.C. The event was part of a larger study tour organized by MIT, Shanghai Jiao Tong University, and the Organization Department of the Communist Party of China. More than 20 representatives from Chinese research institutions and central and local government gathered to learn about low-carbon development strategies and policies, with WRI serving as one of the tour’s first stops.

“I spent a great deal of time in China, and I believe very strongly that we have as much or more to learn from you as you have to learn from us,” said WRI’s president, Andrew Steer, to the Chinese delegation.

It’s a long way from Bonn to Bangkok—literally and figuratively. It would be a great understatement to suggest that the June session of the UN climate talks in Bonn, Germany were acrimonious. In Bonn, governments spent the week arguing about procedural issues such as the nomination of chairs and the finalization of agendas. At the Bangkok negotiations that took place this past week, they argued over substance instead.

These arguments actually represent progress. Because the 50-plus issues under negotiation are contentious and have real impacts on national interests, they are deserving of robust debate. But we still have a long way to travel to get to Doha, Qatar, the location of the United Nations Framework Convention on Climate Change’s (UNFCCC) COP 18 summit, which takes place this November. Significant differences of opinion persist on each of the three key issues identified in our pre-Bangkok blog post:

Timeline: Extreme Weather Events in 2012

Over the past several months, extreme weather and climate events in the form of heat waves, droughts, fires, and flooding have seemed to become the norm rather than the exception. In the past half-year alone, millions of people have been affected across the globe – from Europe suffering from the worst cold snap in a quarter century; to extreme flooding in Australia, Brazil, China, and the Philippines; to drought in the Sahel. Records have been broken monthly in the continental United States, with the warmest spring and 12-month period experienced this year and severe fires and drought affecting large swaths of the country.

So how bad has it really been? Below we have put together a timeline of extreme climate and weather events in 2012. We have by no means attempted to be comprehensive in listing events, but have aimed to include some of the most significant occurrences this year. Please let us know through the comment section if we are missing some, as we plan to update the timeline periodically.

Yesterday, President Obama signed an Executive Order establishing a national goal of deploying 40 gigawatts (GW) of new combined heat and power (CHP) and waste heat recovery (WHR) by the end of 2020, a 50 percent increase from 2010 capacity levels.

This post was co-authored by Forbes Tompkins, an intern with WRI’s Climate and Energy Program.

This post is part of WRI’s “Extreme Weather Watch” series, which explores the link between climate change and extreme events. Read our other posts in this series.

Almost seven years ago to the day since Hurricane Katrina made landfall, a new hurricane came ashore on the Gulf Coast near New Orleans. While Hurricane Isaac has been much less intense than Katrina, it has caused serious damage, with heavy rains, storm surge, and winds of up to 100 miles per hour.

Hurricane Isaac comes at the end of a U.S. summer season filled with extreme weather events. From heat waves to droughts to wildfires, the United States has seen little in the way of relief from severe events over the last several months. In fact, the majority of the lower 48 states are still facing drought. While Isaac may relieve drought conditions in some areas of the country, recent forecasts from the Climate Prediction Center project drought conditions to continue through large parts of the country at least through November.

America’s Vulnerability to Hurricanes and Tropical Storms

The U.N.’s current round of climate change negotiations continues this week in Bangkok. While the last intersessional in Bonn yielded more lows than highs, the Bangkok talks have the potential to make real progress and set the tone for COP 18 in Doha, Qatar later this year.

The Big Picture

As with any U.N. Framework Convention on Climate Change (UNFCCC) session, negotiators will need to manage political controversies while trying to make progress across a large volume of complex, technical issues. The political debates will likely center on ambition and equity, specifically countries’ collective will to speed emissions reductions in order to hold global mean temperatures to 2 degrees Celsius above pre-industrial levels.

The negotiations in Bonn earlier this year were acrimonious, with Parties pointing fingers over their respective failures to cut emissions in line with science. This, coupled with the recent controversial remarks from the United States on the need for a more “flexible” agreement, creates a delicate environment going into this latest negotiating session. On the technical front, the challenge is to conclude talks on three major, long-standing issues before the clock runs out at the end of this year.