A strategic approach to reduce climate change risks for the LNG industry

2010 ◽  
Vol 50 (2) ◽  
pp. 694
Author(s):  
Michele Villa
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Global Climate ◽  
Supply And Demand ◽  
Climate Change Policy ◽  
Scenario Planning ◽  
Fixed Rate ◽  
Change Policy ◽  
The Government ◽  
Compliance Strategy

The Senate rejection of the Carbon Pollution Reduction Scheme Bill 2009 (CPRS) for the second time in December 2009 caused key sections of Australia’s big business to express concern. The stalled legislation and the challenges associated with the Copenhagen Accord to deliver a clear post-2012 global climate change agreement have only fuelled uncertainty surrounding the future of climate change policy. This uncertainty will come at a cost for the Australian LNG industry where a raft of new projects are fast approaching final investment decisions and the real impact of a carbon impost is difficult to quantify. Despite this uncertainty, subsequent negotiations between the Government and the Opposition regarding the LNG industry, led to an amended version of the CPRS Bill. One of the amendments accepted by the Government was related to the allocation rate and states that LNG is expected to be a moderately emissions intensive trade exposed (EITE) activity and therefore eligible to receive free permits at a fixed rate per tonne of LNG produced. Should this version of the CPRS become legislation in 2010, LNG producers will at least be able to calculate their liability under the scheme and confirm their compliance strategy. Given the significant value at stake with existing and new investments, oil and gas businesses should act with urgency to develop strategies to respond to a carbon constrained future, irrespective of the final legislative design. Scenario planning is an important step in considering the range of regulatory outcomes—both domestic and international—that will impact on the supply and demand of carbon assets.

Climate Change Policy of India

2018 ◽  
Vol 38 (1) ◽  
pp. 1-19 ◽  
Author(s):  
Rajnish Saryal
Keyword(s):  
Climate Change ◽  
Global Climate ◽  
Climate Change Policy ◽  
Analytical Framework ◽  
Green Technologies ◽  
Change Policy ◽  
New Development ◽  
International Climate ◽  
The Government ◽  
Silent Revolution

Since the 1970s, and especially following the 1992 Rio Earth Summit, climate change has become an area of high politics, engaging the whole world at the international and diplomatic level. What matters, though, is how this translates into tangible policies at national and local levels, and how these different scales interact. Highlighting India’s unique position in international climate negotiations, this article first scrutinises various official statements and documents of the Government of India (GOI) on climate change and puts them into an analytical framework that demonstrates continuities, but also significant recent shifts. Investigating the reasons for such modifying trends and examining their consequences, the article then suggests that partly owing to recent changes in global and (geo)political contexts, but also due to an Indian re-thinking of responsibility for addressing global climate change, there is a significant new development. This seems to augur a South Asian ‘silent revolution’ in green technologies, a prudent, economically and ecologically beneficial step, not only for India but possibly a sustainable global model.

Copenhagen Agreement - A New Paradigm of Climate Problem Solving

2010 ◽  
pp. 115-132 ◽  
Author(s):  
S. Agibalov ◽  
A. Kokorin
Keyword(s):  
Climate Change ◽  
Energy Savings ◽  
Global Climate ◽  
Climate Change Policy ◽  
New Order ◽  
Paradigm Shifts ◽  
New Paradigm ◽  
Energy Efficiency Policy ◽  
Policy Paradigm ◽  
Change Policy

Copenhagen summit results could be called a failure. This is the failure of UN climate change policy management, but definitely the first step to a new order as well. The article reviews main characteristics of climate policy paradigm shifts. Russian interests in climate change policy and main threats are analyzed. Successful development and implementation of energy savings and energy efficiency policy are necessary and would sufficiently help solving the global climate change problem.

Climate Change Public Budget Tagging: Connections across Financial and Environmental Classification Systems

2021 ◽  
Author(s):  
Rodrigo Pizarro ◽  
Raúl Delgado ◽  
Huáscar Eguino ◽  
Aloisio Lopes Pereira
Keyword(s):  
Climate Change ◽  
Climate Change Policy ◽  
Climate Change Impacts ◽  
Classification Systems ◽  
National Accounts ◽  
The Public ◽  
System Of National Accounts ◽  
Environmental Classification ◽  
Change Policy ◽  
The Government

Identifying and evaluating climate expenditures in the public sector, known as budget tagging, has generated increasing attention from multiple stakeholders, not only to assess the governments climate change policy, but also to monitor fiscal risks associated with increasing and unpredictable climate change impacts. This paper explores the issues raised by climate change budget tagging in the context of a broader discussion on the connections with fiscal and environmental statistical classification systems. It argues that, for climate change budget tagging efforts to be successful, the definitions and classifications of climate change expenditures must be consistent with statistical standards currently in use, such as the Government Finance Statistics Framework and the System of National Accounts.

Global Climate Change: Policy Implications for Fisheries

Fisheries ◽  
1990 ◽  
Vol 15 (6) ◽  
pp. 33-38 ◽  
Author(s):  
Hermann Gucinski ◽  
Robert T. Lackey ◽  
Brian C. Spence
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Global Climate ◽  
Climate Change Policy ◽  
Policy Implications ◽  
Change Policy

Resolving the Adaptation Paradox: Exploring the Potential for Deliberative Adaptation Policy-Making in Bangladesh

2011 ◽  
Vol 11 (1) ◽  
pp. 62-88 ◽  
Author(s):  
Jessica Ayers
Keyword(s):  
Climate Change ◽  
Policy Making ◽  
Global Climate ◽  
Climate Change Policy ◽  
Vulnerable Groups ◽  
Local Context ◽  
Global Risk ◽  
Adaptation Policy ◽  
Change Policy ◽  
Starting Point

Climate change adaptation presents a paradox: climate change is a global risk, yet vulnerability is locally experienced. Effective adaptation therefore depends on understanding the local context of vulnerability, which requires deliberative and participatory approaches to adaptation policy-making. But, how can local inclusiveness be achieved in the context of global environmental risk, and what sorts of institutions are needed? This article examines one avenue for the participation of vulnerable groups in adaptation policy-making: National Adaptation Programmes of Actions (NAPAs). Drawing on the case study of Bangladesh, this article shows that the “adaptation paradox” creates a tension between local and global definitions of climate change risk, affecting the legitimacy of participatory processes under the NAPA. I propose that early analysis and engagement of existing local institutional frameworks as a starting point for national adaptation planning is one possible entry point for meaningful local deliberation in global climate change policy-making processes.

scholarly journals Global Recognition of the Importance of Nature-Based Solutions to Climate Change Impacts

2019 ◽  
Author(s):  
Nathalie Seddon ◽  
Elizabeth Daniels ◽  
Rowan Davis ◽  
Rian Harris ◽  
Xiaoting Hou-Jones ◽  
...  
Keyword(s):  
Climate Change ◽  
Global Climate ◽  
Climate Change Policy ◽  
Climate Change Impacts ◽  
Evidence Base ◽  
Paris Agreement ◽  
Change Policy ◽  
Ecosystem Science ◽  
Nationally Determined Contributions ◽  
Science Community

Ecosystems are not merely vulnerable to climate change but, if sustainably restored and protected, are a major source of human resilience. Not only is the evidence-base for the importance of these “Nature-based Solutions” (NbS) growing rapidly, but NbS are featuring with increasing prominence in global climate change policy. Here we report on the prominence of NbS in the 141 adaptation components of the 167 Nationally Determined Contributions (NDCs) that were submitted to UNFCCC by all signatories of the Paris Agreement. In total, 103 nations include NbS in the adaptation component of their NDC, 76 nations include them in both their adaptation and mitigation component, and an additional 27 include them as part of their mitigation plans only. In other words, 130 nations—or 66% of all signatories to the Paris Agreement—have articulated intentions of working with ecosystems, in one form or another, to address the causes and consequences of climate change. However, commitments rarely translate into robust science-based targets. As climate pledges are revised in 2020, we urge the ecosystem science community to work closely with policymakers to identify meaningful adaptation targets that benefit both people and the ecosystems on which they depend.

Taxation aspects of climate change management measures

2010 ◽  
Vol 50 (1) ◽  
pp. 253
Author(s):  
David Lewis
Keyword(s):  
Climate Change ◽  
Financial Reporting ◽  
Oil And Gas ◽  
Global Climate ◽  
Action Plan ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Management Measures ◽  
The Government

Climate change is undoubtedly one of the greatest economic, social, and environmental challenges now facing the world. The present Australian Government is committed to acting on climate change and Australia’s progress towards its emissions reduction targets is being closely watched internationally. To contribute effectively to global climate change action, Australia must demonstrate its ability to implement robust and sustainable domestic emissions management legislation. The Carbon Pollution Reduction Scheme (CPRS), modelled after the cap-and-trade system, continues to be debated by our policymakers, as the Government moves to re-introduce its preferred CPRS legislative package for the third time. The advent of climate change legislation is inevitable and its impact will be far-reaching. This paper reviews the fiscal aspects of the proposed CPRS legislation in the context of the oil and gas industry, and whether it is conducive to creating incentives for appropriate climate change response by the industry. In particular, this paper will consider: the direct and indirect tax features specifically covered in the proposed CPRS legislation and their implications; the areas of taxation that remain uncanvassed in the proposed CPRS legislation and aspects requiring clarification from the tax administration; the interaction between Petroleum Resource Rent Tax (PRRT) and the CPRS measures; the flow-on impacts to taxation outcomes resulting from proposed accounting and financial reporting responses to the CPRS legislation; the income tax and PRRT treatment of selected abatement measures; and, elements of a good CPRS tax strategy and compliance action plan.

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