Ontario’s Climate Change Mitigation and Low-carbon Economy Act: Assessment by Visiting Professor Damilola Olawuyi

2014 ◽  
Vol 05 (01) ◽  
pp. 1440005 ◽  
Author(s):  
ALEX BOWEN ◽  
EMANUELE CAMPIGLIO ◽  
MASSIMO TAVONI

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.


Futures ◽  
2017 ◽  
Vol 93 ◽  
pp. 14-26 ◽  
Author(s):  
Alejandra Elizondo ◽  
Vanessa Pérez-Cirera ◽  
Alexandre Strapasson ◽  
José Carlos Fernández ◽  
Diego Cruz-Cano

2019 ◽  
Vol 27 (2) ◽  
pp. 185-199 ◽  
Author(s):  
James W.N. Steenberg ◽  
Peter N. Duinker ◽  
Irena F. Creed ◽  
Jacqueline N. Serran ◽  
Camille Ouellet Dallaire

In response to global climate change, Canada is transitioning towards a low-carbon economy and the need for policy approaches that are effective, equitable, coordinated, and both administratively and politically feasible is high. One point is clear; the transition is intimately tied to the vast supply of ecosystem services in the boreal zone of Canada. This paper describes four contrasting futures for the boreal zone using scenario analysis, which is a transdisciplinary, participatory approach that considers alternative futures and policy implications under conditions of high uncertainty and complexity. The two critical forces shaping the four scenarios are the global economy’s energy and society’s capacity to adapt. The six drivers of change are atmospheric change, the demand for provisioning ecosystem services, the demand for nonprovisioning ecosystem services, demographics, and social values, governance and geopolitics, and industrial innovation and infrastructure. The four scenarios include: (i) the Green Path, where a low-carbon economy is coupled with high adaptive capacity; (ii) the Uphill Climb, where a low-carbon economy is instead coupled with low adaptive capacity; (iii) the Carpool Lane, where society has a strong capacity to adapt but a reliance on fossil fuels; and (iv) the Slippery Slope, where there is both a high-carbon economy and a society with low adaptive capacity. The scenarios illustrate the importance of transitioning to a low-carbon economy and the role of society’s adaptive capacity in doing so. However, they also emphasize themes like social inequality and adverse environmental outcomes arising from the push towards climate change mitigation.


2020 ◽  
Vol 5 (1) ◽  
pp. 47-58
Author(s):  
Didem Gunes Yilmaz ◽  

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.


2009 ◽  
Vol 8 (3) ◽  
pp. 201-208 ◽  
Author(s):  
Samuel Fankhauser ◽  
David Kennedy ◽  
Jim Skea

Author(s):  
Basanta K. Pradhan ◽  
Joydeep Ghosh

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.


2011 ◽  
Vol 2 (2) ◽  
pp. 69-102 ◽  
Author(s):  
Zhang Mu ◽  
Luo Jing ◽  
Zhang Xiaohong ◽  
Tang Lei ◽  
Feng Xiao-na ◽  
...  

Recent years saw the global wave of new low-carbon economy which is a strategic measure to cope with global warming, and it has gained concerns from many governments. As the representatives of developing countries, China is responsible for “common but distinguishing duty for global climate change.” Many policies have been made to develop low-carbon economy with the hope to advocate and innovate low-carbon economy in some industries and cities during these years. Therefore, it is a theoretical and innovative project to find a low-carbon economical model for various industries and carry out the experiments of low-carbon economy in some cities. Hence, guided by low-carbon economy theory, choosing booming Chinese tourism industry as the object, this paper constructs an operation framework system of low-carbon tourism development from the advantage of low-carbon tourism to the proposal of low-carbon tourism definition so as to conclude an execution scheme of “six elements” of low-carbon tourism with selecting OCT East (Chinese national ecotourism demonstration district) and Mt. Danxia (World Geo-park) as demonstration districts to discuss about models and methods of low-carbon economy in tourism.


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