scholarly journals A MACROECONOMIC PERSPECTIVE ON CLIMATE CHANGE MITIGATION: MEETING THE FINANCING CHALLENGE

2014 ◽  
Vol 05 (01) ◽  
pp. 1440005 ◽  
Author(s):  
ALEX BOWEN ◽  
EMANUELE CAMPIGLIO ◽  
MASSIMO TAVONI
Keyword(s):  
Climate Change ◽  
Energy Supply ◽  
Climate Change Mitigation ◽  
Low Carbon ◽  
Carbon Pricing ◽  
Industrial Countries ◽  
Low Carbon Economy ◽  
Aggregate Investment ◽  
Total Investment ◽  
Change Mitigation

Transitioning to a low-carbon economy will require significant investment to transform energy systems, alter the built environment and adapt infrastructure. A strategy to finance this investment is needed if the limit of a 2°C increase in global mean temperatures is to be respected. Also, high-income countries have pledged to pay the "agreed full incremental costs" of climate-change mitigation by developing countries, which are not necessarily the same as incremental investment costs. Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. Even when allowing for trade in emission permits, regional carbon fiscal revenues should still suffice to cover both their own investment in energy supply and permit purchases from abroad. We show that incremental energy-supply investment (and saving) needs are well within the range of past variation of aggregate investment, and argue that the challenge is rather to ensure that revenues from carbon pricing and other sources are complemented by investment in the appropriate sectors. But fairness and equity are likely to warrant transfers from advanced industrial countries to developing nations.

scholarly journals Mexico’s low carbon futures: An integrated assessment for energy planning and climate change mitigation by 2050

Futures ◽  
2017 ◽  
Vol 93 ◽  
pp. 14-26 ◽  
Author(s):  
Alejandra Elizondo ◽  
Vanessa Pérez-Cirera ◽  
Alexandre Strapasson ◽  
José Carlos Fernández ◽  
Diego Cruz-Cano
Keyword(s):  
Climate Change ◽  
Integrated Assessment ◽  
Climate Change Mitigation ◽  
Energy Planning ◽  
Low Carbon ◽  
Change Mitigation

scholarly journals Model Cities for Resilience: Climate-led Initiatives

2020 ◽  
Vol 5 (1) ◽  
pp. 47-58
Author(s):  
Didem Gunes Yilmaz ◽  
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Urban Areas ◽  
Climate Change Mitigation ◽  
Sustainable Cities ◽  
Low Carbon ◽  
Urban Water Management ◽  
Model Cities ◽  
Taking Action ◽  
Change Mitigation

Paris Agreement of December 2015 was the last official initiative led by the United Nations (UN) as the driver of climate change mitigation. Climate change was hence linked with an increase in the occurrence of natural hazards. A variety of initiatives were consequently adopted under different themes such as sustainable cities, climate-friendly development and low-carbon cities. However, most of the initiatives targeted by global cities with urban areas being the focus in terms of taking action against global warming issues. This is due to the structural and environmental features of cities characterized by being populated, as such, they not only generate a large number of carbon emissions but also happens to be the biggest consumer of natural resources. In turn, they create a microclimate, which contributes to climate change. Masdar City, for example, was designed as the first fully sustainable urban area, which replaced fuel-based energy with the electric-based energy. China, as another example, introduced the Sponge Cities action, a method of urban water management to mitigate against flooding. Consequently, architects and urban planners are urged to conform to the proposals that would mitigate global warming. This paper, as a result, examines some of the models that have been internationally adopted and thereafter provide the recommendations that can be implemented in large urban areas in Turkey, primarily in Istanbul.

A CGE Analysis of the Effects of Global Climate Change Mitigation Policies on India

2018 ◽  
pp. 573-590
Author(s):  
Basanta K. Pradhan ◽  
Joydeep Ghosh
Keyword(s):  
Climate Change ◽  
Global Climate Change ◽  
Climate Change Mitigation ◽  
Carbon Tax ◽  
Global Climate ◽  
Value Added ◽  
Low Carbon ◽  
Mitigation Policy ◽  
Change Mitigation ◽  
Mitigation Policies

This paper compares the effects of a global carbon tax and a global emissions trading regime on India using a dynamic CGE framework. The sensitivity of the results to the value of a crucial elasticity parameter is also analysed. The results suggest that the choice of the mitigation policy is relatively unimportant from an efficiency perspective. However, the choice of the mitigation policy and the value of the substitution elasticity between value added and energy were found to be important determinants of welfare effects. Global climate change mitigation policies have the potential for promoting low carbon and inclusive growth in India.

scholarly journals Evaluating the Link between Low Carbon Reductions Strategies and Its Performance in the Context of Climate Change: A Carbon Footprint of a Wood-Frame Residential Building in Quebec, Canada

2018 ◽  
Vol 10 (8) ◽  
pp. 2715 ◽  
Author(s):  
Alejandro Padilla-Rivera ◽  
Ben Amor ◽  
Pierre Blanchet
Keyword(s):  
Climate Change ◽  
Carbon Footprint ◽  
Climate Change Mitigation ◽  
Ghg Emissions ◽  
Mitigation Strategies ◽  
Quebec City ◽  
Baseline Scenario ◽  
Low Carbon ◽  
Building Sector ◽  
Change Mitigation

The design and study of low carbon buildings is a major concern in a modern economy due to high carbon emissions produced by buildings and its effects on climate change. Studies have investigated (CFP) Carbon Footprint of buildings, but there remains a need for a strong analysis that measure and quantify the overall degree of GHG emissions reductions and its relationship with the effect on climate change mitigation. This study evaluates the potential of reducing greenhouse gas (GHG) emissions from the building sector by evaluating the (CFP) of four hotpots approaches defined in line with commonly carbon reduction strategies, also known as mitigation strategies. CFP framework is applied to compare the (CC) climate change impact of mitigation strategies. A multi-story timber residential construction in Quebec City (Canada) was chosen as a baseline scenario. This building has been designed with the idea of being a reference of sustainable development application in the building sector. In this scenario, the production of materials and construction (assembly, waste management and transportation) were evaluated. A CFP that covers eight actions divided in four low carbon strategies, including: low carbon materials, material minimization, reuse and recycle materials and adoption of local sources and use of biofuels were evaluated. The results of this study shows that the used of prefabricated technique in buildings is an alternative to reduce the CFP of buildings in the context of Quebec. The CC decreases per m2 floor area in baseline scenario is up to 25% than current buildings. If the benefits of low carbon strategies are included, the timber structures can generate 38% lower CC than the original baseline scenario. The investigation recommends that CO2eq emissions reduction in the design and implementation of residential constructions as climate change mitigation is perfectly feasible by following different working strategies. It is concluded that if the four strategies were implemented in current buildings they would have environmental benefits by reducing its CFP. The reuse wood wastes into production of particleboard has the greatest environmental benefit due to temporary carbon storage.

scholarly journals Investigating the Impact of COVID-19 Disruption on the Decarbonisation Agenda at Airports: Grounded or Ready for Take-Off?

2021 ◽  
Vol 13 (21) ◽  
pp. 12235
Author(s):  
Peter Hemmings ◽  
Michael Mulheron ◽  
Richard J. Murphy ◽  
Matt Prescott
Keyword(s):  
Climate Change ◽  
Climate Change Mitigation ◽  
Business Models ◽  
Resource Constraints ◽  
Mitigation Strategies ◽  
Government Support ◽  
Low Carbon ◽  
Net Zero ◽  
The Impact ◽  
Change Mitigation

COVID-19 has had wide-ranging impacts on organisations with the potential to disrupt efforts to decarbonise their operations. To understand how COVID-19 has affected the climate change mitigation strategies of Airport Operators (AOs), questionnaires and semi-structured interviews with Sustainability Managers were undertaken in late 2020 amidst a period of disruption. While all reported that COVID-19 impacted delivery of interventions and projects to mitigate climate change, the majority stated that it would not impact their long-term climate goals, such as Net Zero by 2050. The most popular climate change mitigation interventions AOs intend to deploy between now and 2030 are on-site renewables and Electric Vehicles and related infrastructure. Engineered carbon removal interventions were considered highly unlikely to be deployed in this timeframe, with potential implications for Net Zero decarbonisation pathways. Despite the severe impacts of COVID-19 on the sector, results indicate that AOs remain committed to decarbonisation, with climate change action remaining the key priority for airports. Given ongoing financial and resource constraints, AOs will need to explore new business models and partnerships and nurture collaborative approaches with other aviation stakeholders to not only maintain progress toward Net Zero but “build back better”. Government support will also be needed to stimulate the development of a sustainable, resilient, low-carbon aviation system.

Bonn meetings will be key in global climate deal

2015 ◽  
Keyword(s):  
Climate Change ◽  
Climate Change Mitigation ◽  
Global Climate ◽  
Carbon Markets ◽  
Carbon Pricing ◽  
Content Type ◽  
The Core ◽  
Climate Treaty ◽  
Change Mitigation ◽  
Strong Agreement

Significance The most important climate summit since the 1997 Kyoto gathering will open in Paris at end-November, with the goal of producing the first universal binding climate treaty ever drafted. Preparatory talks are progressing slowly on the core document negotiated among countries. However, the recent announcement of the first-ever official climate commitment from China and the growing push for carbon pricing are positive signals that the Paris summit could result not only in an agreement, but in a significant one. Impacts French organisers will accelerate negotiations, set to be intensive, as the first Bonn meeting did not produce the expected result. China's official commitment to climate change mitigation could pave the way for a strong agreement in Paris. Carbon pricing will be discussed and progress in harmonising carbon markets is not excluded anymore.

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