Prospects for renewable energy in 2017

Subject Prospects for renewable energy in 2017. Significance The United States and China, the world’s two largest economies as well as the largest carbon emitters, announced their ratification of the Paris Agreement in September. Earlier this year, prices for renewable energy in select regions set historic lows below fossil-fired plants. Renewable energy seems to have passed the tipping point towards gradual adoption as the primary source of electric power while also hopefully preventing catastrophic climate change.

Subject Prospects for renewable energy to end-2017. Significance On June 1, US President Donald Trump's administration announced its intent to pull out of the Paris Agreement on climate change. Later that week, the US Energy Information Administration revealed in a report that renewables set a record of generating 10% of the country’s electric power in the month of March, highlighting that renewable energy has strong momentum that should carry it through shorter term policy fluctuations.


Significance Kim's departure creates unforeseen turbulence at the institution, whose corporate commitments around climate change, gender and renewable energy are anathema to the current US administration. Impacts If the US nominee is an ideological conservative, World Bank relations with either the United States or other shareholders will be damaged. Short-term impacts on Bank operations will be minimal. Kim’s belief that he can affect “global issues” more in the private sector emphasises the importance of the Bank reviving its global role.


2019 ◽  
Vol 21 (1) ◽  
pp. 70
Author(s):  
Haekal - Siraj

 The 2015 Paris Agreement requires all participating countries to reduce emisson level. Indonesia as Non-Annex I accepted the norms of the 2015 Paris Agreement by ratifying this agreement. Meanwhile, Indonesia's emissions level continues to increase due to the rate of deforestation and forest degradation in Indonesia which ranks highest in the world. This study aims to analyze Indonesian policy in ratifying the agreement by using the Constructivism Perspective in explaining the International Regime and the Concept of Norm Influence by Finnemore and Sikkink. The study uses qualitative methods with explanatory designs. Data collection techniques are sourced from secondary sources as well as data analysis techniques carried out by reduction, presentation, and drawing conclusions as well as verification. This study found that the United States as a hegemonic state acting as the norm entrepreneurs by granting climate change financial assistance of $500 million through the GCF for Indonesia as a developing country was a condition affecting Indonesia in ratifying the agreement. Keywords: Indonesia, ratify, 2015 Paris Agreement, norm, climate change.


Significance The United States has already committed, in an unprecedented deal with China in November 2014, to reducing its emissions to 26-28% below 2005 levels by 2025 (an improvement on its previous 17% goal). China in return pledged that its emissions would peak around 2030. This agreement is a game-changer for combating global climate change, since the two countries are the world's largest sources of carbon emissions, together accounting for 40% of the total, and were not covered under the now-expired Kyoto Protocol. Impacts Washington is poised to reclaim its place, lost after Kyoto, as a leader in global efforts against climate change. US-China climate cooperation initiatives could serve as templates for other developing countries. There are new opportunities for trilateral cooperation involving the EU. Fears that the bilateral agreement makes the UNFCCC obsolete are unwarranted, but it could preclude more ambitious efforts.


Significance Bolsonaro’s visit to Davos was his first foreign trip since taking office on January 1. His speech, while trying to portray Brazil as “open for business”, also reinforced the radical change his government is promoting in the country’s foreign policy, from a tradition of pragmatism and multilateralism to a highly ideological and nationalistic stance. This move is less the result of a calculated international strategy than part of an effort to strengthen Bolsonaro’s domestic agenda. Impacts Bolsonaro will struggle to balance “open for business” promises with his nationalistic foreign policy. Emulating Trump’s aggressive stance without having the United States' military and economic power risks seriously weakening Brazil globally. Brazil’s new climate change scepticism will further weaken global efforts in this area.


2017 ◽  
Vol 49 (3) ◽  
pp. 1071-1096 ◽  
Author(s):  
Jon Hovi ◽  
Detlef F. Sprinz ◽  
Håkon Sælen ◽  
Arild Underdal

Although the Paris Agreement arguably made some progress, interest in supplementary approaches to climate change co-operation persist. This article examines the conditions under which a climate club might emerge and grow. Using agent-based simulations, it shows that even with less than a handful of major actors as initial members, a club can eventually reduce global emissions effectively. To succeed, a club must be initiated by the ‘right’ constellation of enthusiastic actors, offer sufficiently large incentives for reluctant countries and be reasonably unconstrained by conflicts between members over issues beyond climate change. A climate club is particularly likely to persist and grow if initiated by the United States and the European Union. The combination of club-good benefits and conditional commitments can produce broad participation under many conditions.


Subject China's climate change policy after US withdrawal from the Paris Agreement. Significance Beijing is seen as a potential global leader on climate change following US President Donald Trump’s June 2 announcement that Washington will pull out from Paris Agreement. China, the world’s largest greenhouse gas emitter, has already won applause simply by promising to honour existing commitment to the international climate accord. Impacts China prefers to aid developing countries through its South-South fund, so it is unlikely to contribute to the Green Climate Fund. Concerns over competitiveness, especially in export industries, will weaken the national carbon trading scheme due to launch this year. China will negotiate energy sector deals with the United States on economic criteria rather than environmental or climate impacts.


Subject Carbon capture and storage technology. Significance Carbon capture and storage (CCS) is considered critical to achieving the ambitious reductions in greenhouse gas emissions set out in the 2015 Paris Agreement. CCS technology would allow power plants and industrial facilities to continue burning fossil fuels without pumping climate change-inducing gases into the atmosphere. However, deployment of CCS has been slow and the prospect of meeting the expectations placed upon it by the Paris climate negotiators is moving further out of scope. The recent cancellation of the Kemper CCS project in the United States is a bad sign for the future of the technology. Impacts Without faster deployment of CCS, many countries will struggle to meet their Paris Agreement emissions reduction pledges. If the rollout of CCS continues to falter, more wind and solar power will be needed to reduce carbon emissions. Absent a viable CCS model, it will be even more difficult to replace aged coal plants in the United States and other developed economies.


2020 ◽  
Vol 21 (1) ◽  
pp. 73-97
Author(s):  
Jinhyun Lee

The Paris Agreement made a breakthrough amid the deadlock in climate negotiations, yet concerns are raised regarding how much impact the new voluntary climate regime can make. This paper investigates the socialization mechanism that the Paris Agreement sets up and explores the prospects of “institutional transformation” for it to make a dent. It examines the factors that can facilitate voluntary climate action by using the cases of the most recalcitrant emitters, the United States and China. It argues that the US and China cases suggest that the socialization from the bottom-up by domestic actors may be one of the critical elements that determine states’ position on climate change.


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