Revealed on December 28th, 2018 |
by Joshua S Hill
December 28th, 2018 by Joshua S Hill
Because the yr attracts to an in depth it is just pure to look again at what has been, and ahead at what is perhaps. That is doubly necessary for the worldwide clear power business and the insurance policies which help its efforts to fight local weather change and enact the core goal of the Paris Climate Settlement.
Given the breadth and scope of local weather coverage, we will solely accomplish a quick abstract of all that’s ongoing all over the world, particularly whenever you take note of ‘climate policy’ refers additionally to company and monetary decision-making, on prime of these being made by native, regional, state, nationwide, and supranational governing our bodies.
(I’ll additionally keep away from digging into coverage strikes associated to the worldwide fossil gasoline divestment motion, ably coated already by Carolyn Fortuna right here.)
We began 2018 questioning what impression 2017 would have, and what we completed. As all the time, it took a couple of months, and when it lastly arrived the information was combined — because it usually is. The Worldwide Power Company (IEA) introduced in March that international power demand elevated by 2.1% in 2017, greater than twice the earlier yr’s price. Equally, carbon emissions elevated for the primary time since 2014, leaping by 1.four%.
“The robust global economy pushed up energy demand last year, which was mostly met by fossil fuels, while renewables made impressive strides,” defined Dr Fatih Birol, the IEA’s Government Director. “The significant growth in global energy-related carbon dioxide emissions in 2017 tells us that current efforts to combat climate change are far from sufficient. For example, there has been a dramatic slowdown in the rate of improvement in global energy efficiency as policymakers have put less focus in this area.”
On the similar time, nevertheless, international renewable power era capability elevated by 167 gigawatts (GW) in 2017, pushing the planet’s cumulative renewable power capability to 2,179 GW, in line with numbers revealed in April by the Worldwide Renewable Power Company (IRENA).
“This latest data confirms that the global energy transition continues to move forward at a fast pace, thanks to rapidly falling prices, technology improvements and an increasingly favourable policy environment,” stated IRENA Director-Common Adnan Z. Amin. “Renewable energy is now the solution for countries looking to support economic growth and job creation, just as it is for those seeking to limit carbon emissions, expand energy access, reduce air pollution and improve energy security.”
With this duality in thoughts, consideration remained closely targeted on how nations have been working to satisfy the objectives of the 2015 Paris Settlement — contemplating that renewable power ranges have been growing steadily however, as highlighted by growing power demand and emissions, not quick sufficient.
A research revealed in the direction of the top of April by the London Faculty of Economics & Political Science revealed that each one 197 nations, nations, and territories which have signed and ratified the Paris Settlement had a minimum of one nationwide regulation or coverage targeted on local weather change. In all, the research detailed over 1,500 local weather legal guidelines and insurance policies are in place all over the world, together with 106 which have been launched because the Paris Settlement was signed, and of which 28 particularly reference the Paris Settlement. Additional, 139 nations have framework legal guidelines that tackle local weather mitigation or adaptation from which additional motion can and hopefully can be forthcoming.
That being stated, nevertheless, there’s nonetheless an almost overwhelming quantity of labor to be achieved, and in lots of nations, the extent of accomplishment and ambition is minimal at greatest.
That is highlighted greatest by a November report revealed by The Climate Group, CDP, and PwC UK which revealed that main states and areas throughout the globe have dedicated to decarbonizing at a fee of 6.2% per yr, three.2% quicker than G20 governments and simply in need of the speed essential to align with a 2°C pathway. Particularly, 120 states and areas from 32 nations which disclosed their local weather motion and targets to The Climate Group and CDP (previously the Carbon Disclosure Challenge), accounting for 21% of the worldwide financial system and 627 million individuals, have been discovered to be extra formidable of their decarbonization plans than the NDC targets set by G20 nations.
States and areas analyzed within the report have hit a decarbonization price of 6.2%, simply shy of the 6.four% price mandatory to align with a 2°C pathway.
A month earlier, PwC revealed its personal Low Carbon Financial system Index for 2018 which continued the dangerous information, revealing that not solely are emissions on the rise once more for 2018, however that there’s not a single nation attaining the decarbonization essential to restrict lobal warming to the required 2°C as specified by the Paris Settlement — not to mention its 1.5°C aspirational goal.
These figures spotlight the discrepancy between nationwide targets and native motion, revealing a daunting degree of nationwide apathy, apathy which is additional forged in a dim mild by the actions of corporates and monetary establishments around the globe.
An important position being performed to shift company enterprise practices in the direction of supporting and boosting renewable power progress is that being performed by the RE100 initiative, The Climate Group’s international initiative shaped in partnership with CDP (previously the Carbon Disclosure Undertaking) that brings collectively corporations dedicated to 100% renewable electrical energy. Two reviews from the initiative, revealed inside two months of each other, present simply how necessary the position of corporates is for renewable power progress.
In September, RE100, in partnership with Capgemini Invent, confirmed that corporations dedicated to 100% renewable electrical energy targets are outperforming their friends with above-average monetary efficiency. The important thing takeaway from the report is straightforward, and easily said by The Climate Group: “RE100 companies are more profitable than their peers.”
“Being energy-smart and being business-smart goes hand in hand and this has to be norm, sooner rather than later to keep warming well below 2 degrees Celsius,” stated Helen Clarkson, CEO The Climate Group, talking from ‘Ambition. Pace. Scale.’, The Climate Group’s flagship enterprise occasion at Climate Week NYC. “We congratulate those going further and faster on climate action and we urge others to do the same – a win-win for emissions and the bottom line.”
The report confirmed that RE100 corporations “consistently perform better than non-members on two key financial indicators: net profit margin and EBIT margin (Earnings Before Interests and Taxes” — with the hole between RE100 corporations and people with out renewable power targets starting from zero.three% to 7.7% throughout all sectors (although most prominently in IT, telecommunications, development, and actual property).
Two months later, the RE100 initiative introduced that it had added 37 new corporations thus far in 2018, bringing the full variety of RE100 corporations as much as 155 working in over 140 markets around the globe. Put one other approach, if the members of RE100 have been mixed into a rustic, they might symbolize the 23rd largest electrical energy consumption on the planet at 188 terawatt-hours (TWh) yearly, and boast mixed income of $four.5 trillion, or round 5% of worldwide GDP.
“With so much depressing news at the moment, here we have a refreshing, positive story of how ambitious corporate action is changing the world for the better,” stated Helen Clarkson. “We congratulate RE100 members on the progress they’re making by constructing renewables into their progress methods, and interesting policymakers and suppliers. That is what all main multinationals ought to be doing.
Tangentially, in September, the Science Based mostly Targets initiative revealed that greater than 130 new corporations had joined by means of 2018, pushing the whole variety of corporations near 500 and representing roughly one-eighth of complete international market capitalization. Since then the quantity has continued to extend, and as of writing 505 corporations have dedicated to implementing science-based targets.
However all the yr felt, rightly so, that it was resulting in the 24th Convention of the Events to the United Nations Framework Conference on Climate Change, higher referred to as COP24, which was held in Katowice, Poland, over the primary two weeks of December.
Mired in a political mess worthy of a summit involving each nation on the planet, COP24 was sadly highlighted not by a complete Paris Rulebook, however slightly a mediocre settlement that however solidified the necessity for normal communication, reporting, evaluation, and stock-taking of worldwide progress on curbing greenhouse fuel emissions, adapting to the impacts of local weather change, growing and aligning investments, and contemplating loss and injury. In addition to the top results of the summit, COP24 was marred by the work of the US Authorities which held its much-ballyhooed fossil gasoline aspect occasion, a lot to the derision of many.
One of many key hindrances for the talks was introduced by the USA, Russia, Saudi Arabia, and Kuwait, which objected to the best way the opposite nations needed to reference the Intergovernmental Panel on Climate Change’s (IPCC) Particular Report on Global Warming of 1.5°C. The report, revealed in October, warned that “Limiting global warming to 1.5°C would require rapid, far-reaching and unprecedented changes in all aspects of society.” Nevertheless, the 4 nations listed have been intent on making certain that the report bore little to no weight within the ensuing Paris Rulebook.
What, then, can we take away from 2018, and what can we anticipate (or, extra pointedly, what ought to we anticipate) from 2019? I turned to a number of specialists to reply these questions for us, and as an alternative of making an attempt to cull and paraphrase my method by way of the terrific solutions offered, I’ll quote them under in full. It’d appear to be lots of studying, however given the experience of these talking, they’re undoubtedly value digesting.
- 1 How necessary was 2018 for the worldwide clear power business?
- 2 What must occur in 2019 for the worldwide clear power business to develop as mandatory?
- 3 What must occur in 2019 in coverage and financing for local weather mitigation and adaptation to develop as essential?
- 4 How essential will non-state actors be in driving international financing and coverage actions in 2019?
- 5 How necessary was 2018 for the US clear power business?
- 6 What must occur in 2019 for the US clear power business to develop as needed?
- 7 What must occur in 2019 in coverage and financing for local weather mitigation and adaptation to develop as needed?
- 8 How necessary will non-state actors be in the USA in driving international financing and coverage actions in 2019?
How necessary was 2018 for the worldwide clear power business?
Sam Kimmins, Head of RE100, The Climate Group: This yr we’ve seen large progress within the numbers of corporations committing to utilizing 100% renewable electrical energy, and within the quantity of renewable electrical energy that they’re shopping for. 2018 might be remembered because the yr scientists gave their starkest warning but on the impacts of 1.5°C of worldwide warming. Nevertheless it’s additionally the yr the company motion for renewable electrical energy began to go really international. The 159 Members of The Climate Group’s renewable electrical energy initiative RE100 at the moment are working in over 140 markets – and sourcing of renewable energy of those corporations is up 41% on the earlier yr.
We’re additionally seeing robust alerts of change within the electrical energy system. Renewable power is getting ever cheaper. Power utility Northern Indiana Public Service Firm (NIPSCO) is on monitor to thoroughly part out coal use and substitute it solely with renewables by 2030 – based mostly totally on the enterprise case for low-cost renewables. The world’s largest lithium-ion battery, constructed by Tesla and powered by wind power, is now offering electrical energy to the grid in South Australia and outperforming typical generators on value and response fee. 76 corporations based mostly in Australia have dedicated to or are operating on 100% renewable – demolishing the nationwide authorities’s argument that coal is king.
These are just some of examples of a deluge of alerts and developments that show that the clear power transition is occurring, and 2018 has been a constructive yr for its progress.
Nicolette Bartlett, Director of Climate Change, CDP: 2018 was an enormous yr for the renewable power revolution, hitting a serious massive milestone, with one trillion watts of wind and photo voltaic capability now put in.
It was a yr that noticed additional international enlargement of the RE100 initiative, which consists of corporations which have dedicated to 100% renewable electrical energy and is a collaboration between CDP and The Climate Group. As we talk about in our annual report, this yr 37 new corporations signed as much as the initiative, bringing the entire to 158 members. Crucially, this creates demand for over 188 terawatt hours (TWh) of renewable energy per yr, greater than the electrical energy consumed by Egypt. This yr, RE100 gained new members for the primary time in Australia, Mexico, Taiwan and Turkey.
Clear power is on the agenda in metropolis corridor in addition to the boardroom. Earlier this yr, CDP launched knowledge displaying that 100 cities all over the world are already sourcing the bulk (70% and over) of their electrical energy from renewable sources.
Patrick McCully, Climate & Power Program Director at Rainforest Motion Community (RAN): Maybe probably the most vital single factor for the worldwide clear power business in 2018 was the October 2018 report by the UN’s local weather science panel on the very important significance of maintaining international warming beneath 1.5°C. The report exhibits extra clearly than ever the necessity for a speedy, economy-wide transition from fossil fuels to a clear power financial system. It served as a 5-alarm wake-up name to governments, buyers and civil society and can make a serious contribution to shaping the coverage debate on clear power within the coming years.
What must occur in 2019 for the worldwide clear power business to develop as mandatory?
Sam Kimmins, RE100: Schooling is required, as there are nonetheless some persistent myths concerning the reliability, compatibility and price of renewables – with some policymakers and their advisors basing selections on previous details and yesterday’s assumptions.
However, many nations are starting to get up to the shift to renewables – it’s occurring throughout Europe, at State degree within the US, in Australia, South Korea, Taiwan, and Japan – all markets that The Climate Group’s RE100 members are lively inside.
Key developments to look out for in 2019:
- Global Corporations shifting their provide chains to renewable electrical energy: This can dramatically improve demand, notably in China and South East Asia
- Governments sharing greatest apply and eradicating market limitations, to allow corporations to make direct purchases of renewables (comparable to PPAs)
- Speedy international enlargement of NGO and personal sector help providers, serving to corporations interact with renewable electrical energy markets
- A touch-from-coal, persevering with 2018’s development of cancellations of deliberate coal energy plant
Nicolette Bartlett, CDP: We need to see science-based targets go mainstream. In the primary 9 months of 2018, we noticed an almost 40% surge in corporations setting formidable emissions discount targets aligned with the Paris Settlement, in contrast with the identical interval in 2017. We absolutely anticipate to see this proceed to rise in 2019, as extra enterprise leaders grow to be conscious of the advantages. For instance, A YouGov survey for the Science Based mostly Targets initiative this summer time discovered that 63% of executives consider the setting of robust targets that are scientifically aligned with the Paris Settlement helps unlock innovation.
When corporations set formidable emissions discount targets, this naturally drives them to supply extra renewable power as this is among the quickest and most cost-effective methods to slash emissions. We additionally anticipate extra corporations to hitch the RE100 initiative and the EV100 initiative within the coming yr, signalling their ambition to make use of renewable energy and transfer to electrical automobiles.
That is the time for companies to ramp up motion, transparently report on their efforts and ship a transparent sign to governments that they’re embracing this zero-carbon transition and wish the coverage ambition to match
Patrick McCully, RAN: Banks, insurance coverage corporations and different elements of the worldwide finance sector have to speed up their transition of capital and monetary providers from soiled to wash power. As finance for soiled power dries up, will probably be simpler to push governments to tighten clear power targets and undertake insurance policies that guarantee a simply transition away from fossil fuels by offering funds to impacted staff and communities. In the US, nothing constructive may be anticipated on the federal degree besides maybe on opening offshore areas to wind energy. However the incoming democratic governors and state legislators could make a serious distinction by adopting incentives and targets for renewables and electrical automobiles and proscribing help and permits for pipelines and different soiled power.
What must occur in 2019 in coverage and financing for local weather mitigation and adaptation to develop as essential?
Sam Kimmins, RE100: Policymakers want to acknowledge the funding alternative represented by company sourcing of renewables. As quickly as attainable, power markets must be opened as much as allow corporations to interact in PPAs, self-generation and different new methods of investing in renewable electrical energy.
Importantly, nationwide governments have to cease spending cash on propping up coal and different fossil fuels and as an alternative transfer in the direction of investing and transitioning jobs from these twilight industries into renewable, future-proofed industries. The transition to renewable power is occurring, and the job of policymakers and governments is to make sure that the transition is a well-planned, truthful and sustainable one.
Nicolette Bartlett, CDP: Corporations, buyers, cities and states are already main the best way, but they want nationwide coverage to allow them to go additional and quicker. By setting clear guidelines, governments can map the course of journey, whereas authorities help for the IPCC’s findings will mark the vacation spot. In 2019, we need to see governments ship applicable alerts and set the enabling surroundings to permit the actual financial system to go additional. This implies getting ready to improve their nationally decided local weather pledges at subsequent yr’s COP25 local weather convention.
A key second to look ahead to would be the UN summit in September 2019 in New York. The goal is to mobilize political will and lift actual ambitions to realize the objectives of the Paris Settlement, specializing in finance, power transition, business transition, nature-based options, cities and native motion, and resilience and adaptation. Will probably be a chance for the actual financial system to showcase their transformative motion in help of the Paris objectives, forward of COP25 in Chile. Collectively, this can hopefully present formidable market and political alerts and inject actual momentum into the COP25 negotiations.
Our newest analysis on sub-national governments exhibits states and areas have dedicated to decarbonize a lot quicker than nationwide governments, at a price of 6.2% a yr, which is simply zero.2% away from the decarbonization fee wanted to align with a 2°C pathway.
To speed up this low-carbon transition, CDP additionally needs to see governments make personal sector disclosure obligatory on environmental impacts, dangers and alternatives, to make sure that the worldwide monetary system is secure and sustainable. Moreover, governments ought to ship a transparent sign to markets that economy-wide carbon costs rising consistent with science might be anticipated each now and sooner or later.
Patrick McCully: Robust state-level management within the US. On the worldwide degree, we’d like the nations which have spoken up for local weather change to push onerous on the UN Common Meeting in September and the local weather talks in November for larger ambition when it comes to emission discount targets and elevated international finance for mitigation and adaptation.
How essential will non-state actors be in driving international financing and coverage actions in 2019?
Sam Kimmins, RE100: Non-state actors are very important in driving international financing and coverage actions. 2018 has seen the large galvanization of the facility of cities, states, areas, and companies on the Global Climate Motion Summit (GCAS) in addition to the 10th Climate Week NYC in New York, which The Climate Group organizes annually. The messages of state and regional governments, companies and cities have been taken to nationwide governments at COP24 this December – they have been responsive, however not almost as formidable as all of us have to keep away from the catastrophic penalties of worldwide warming warned by the IPCC’s particular report.
The company sector, however, has confirmed to be approach forward of their considering, embracing new power applied sciences and demonstrating to nationwide governments that there’s a robust marketplace for renewables. They’re demonstrating above all that renewables make enterprise sense and are placing their cash the place their mouths are. At The Climate Group, we solely see this development accelerating in 2019, because the enterprise case turns into even clearer.
Renewables are cheaper than fossil fuels. That is arduous for some individuals to digest, nevertheless it’s essential that policymakers and their advisors familiarize yourself with this new actuality. Change is occurring quick – and we’d like it to go quicker. That would be the problem of 2019 – ratcheting up ambition and rushing up the transition.
Nicolette Bartlett, CDP: It’s clear that we urgently have to scale and speed up environmental motion in 2019. In 2020 nations might want to replace their nationwide local weather plans for the Paris Settlement, simply as international emissions have to peak. Given the sobering information that GHG emissions rose once more in 2018, subsequent yr is extra important than ever.
To remain under the 1.5°C guardrail, the IPCC analysis tells us the worldwide financial system wants to succeed in internet zero carbon by mid-century and halve emissions by 2030, in contrast with 2010 ranges.
This represents nothing in need of an entire transformation of the worldwide financial system and it’s clear that nationwide governments can’t do that alone. A change of this scale goes to take unprecedented collaboration between corporations, buyers, cities and states working collectively throughout all sectors. In 2019, an necessary a part of this can be displaying nationwide governments that enterprise and regional governments are prepared for formidable local weather motion, giving them the arrogance to improve their nationwide local weather pledges and set formidable insurance policies.
Patrick McCully: Civil society around the globe will play an important position in pushing financiers, firms and native and nationwide governments to take motion on clear power in 2019. This can be expressed in some ways, starting from necessary analysis and evaluation to protesting towards fossil-fuel pleasant banks like JPMorgan Chase, to individuals placing their our bodies on the road by immediately blocking the development of pipelines and soiled energy crops.
How necessary was 2018 for the US clear power business?
Rachel Cleetus, Policy Director, Climate and Power Program Union of Involved Scientists (UCS): In 2018 the US noticed a continuation of the continued shift away from coal-fired energy to cleaner era assets together with renewable electrical energy and pure fuel. Based on the EIA, US coal consumption in 2018 would be the lowest in 39 years and this yr will even be the second highest for coal retirements. In the meantime, renewable electrical energy offered about 18% of era and CO2 emissions have been down 28% from 2005 ranges. Prices of renewable power proceed to drop, making them more and more economically engaging. (See this temporary from IRENA, for instance, which exhibits that international prices of electrical energy (LCOE) from utility-scale photo voltaic PV have fallen 73% between 2010 and 2017, and for onshore wind have fallen 23% in that very same interval).
Amanda Levin, coverage analyst with NRDC’s Climate and Clear Power Staff: 2018 continued the progress made by the clear power business during the last decade. Photo voltaic and wind have seen a exceptional uptake over the previous few years, as costs have declined drastically. And in 2018, there have been three vital milestones:
- Renewables paired with storage turned an economical actuality for a lot of utilities.
- Over the previous few years, utilities have discovered renewable power to be the lowest-cost choice for brand spanking new energy. Nevertheless, in 2018, we noticed a brand new development: utilities discovering renewables with storage turning into the lowest-cost choice for brand spanking new energy, and even decrease value than operating a few of their present coal crops.
- This represents a big breakthrough: utilities can now cost-effectively procure renewable tasks that may be dispatched and used when demand is highest. Which means clear, renewable energy can be utilized and relied upon like conventional pure fuel crops. For instance, Arizona Public Service – with First Photo voltaic – is constructing “peaking” photo voltaic crops that may present energy day after day in the course of the early night (three pm to eight pm) when demand is excessive and the solar is setting or set.
- This has had ripple results throughout your complete US in 2018. This yr, utilities in Indiana, New Mexico, Michigan, Oregon, Colorado, and the higher Midwest, all introduced that closing their whole coal energy portfolio was the most cost effective choice for the longer term. These utilities are investing in principally renewables and storage to switch this energy.
- State commitments and insurance policies reached new heights, sending a robust sign to builders and utilities that the longer term will probably be clear.
- 7 States + DC now require their utilities to acquire a minimum of half of their energy from renewables: CA, HI, NY, OR, VT, NJ, and NV (first of two poll initiatives handed in 2018). And a variety of newly elected governors, together with new governors in IL, MN, and NM have additionally pledged to introduce laws to extend their state renewable targets to 50% or extra.
- States (and utilities) additionally started making ever cleaner pledges. In CA, NY, DC, and HI – will all require 100% “clean” or zero-carbon portfolios sooner or later.
- Annual corporate-driven clear purchases doubled over earlier data.
- The identical value declines in renewables (with and with out storage) which have allowed utilities and states to enormously improve clear power investments and targets have additionally hit the enterprise sector. Clear power investments by firms in 2018 have already been double the earlier annual data. As of November 2018, firms within the U.S. signed over 7.5 GW of latest wind and solar energy buy agreements – greater than all the put in wind & photo voltaic capability in Iowa.
- These companies are additionally wanting ahead and altering the best way they consider and use power to be really 100% clear. For instance, Google has a brand new aim to be “24×7” clear (they already are 100% renewable – with sufficient environmental certificates (RECs) to satisfy their annual load).
Lou Leonard, World Wildlife Fund’s (WWF) Senior Vice President for local weather change and power: This has been a banner yr for renewable power. For the fourth yr operating, a majority of internet new energy capability within the US has come from renewable power. Company electrical energy procurement shattered the earlier report yr by over 30%. Giant majorities of the American public help renewables, local weather motion and the Paris Settlement. Companies, states and native governments have stepped to assist drive demand for an business rising 9 occasions fasterthant the remainder of the US financial system.
There’s been a seismic shift in management on local weather change and renewables from Washington, DC to Major Road, USA. Companies, states and native governments have stepped in to fill the management hole and maintain robust alerts flowing to the market. Present commitments by these new leaders can convey the US midway towards its worldwide local weather objectives. However much more is required to fill the remaining emissions hole towards a trajectory that limits the worst droughts, wildfires and superstorms from bearing down on American communities. By not simply making their very own commitments however by collaborating throughout stakeholders and sectors, these new leaders can do extra to rework meals, electrical energy and transportation techniques in America.
What must occur in 2019 for the US clear power business to develop as needed?
Rachel Cleetus, UCS: Market tendencies, and actions by states and non-state actors will proceed to be the primary drivers of unpolluted power deployment within the US in 2019. Some thrilling issues to observe for embrace developments within the offshore wind business (See this blogpost from my colleague John Rogers for extra), power storage (led by falling costs and state insurance policies in CA, NY, NJ and MA for starters) and electrical automobiles (see this weblog publish from my colleague David Reichmuth, though there are considerations about what is going to occur to the EV tax credit score).
What must occur in 2019 in coverage and financing for local weather mitigation and adaptation to develop as needed?
Rachel Cleetus, UCS: Regardless of these promising tendencies we’re seeing (talked about above), there’s little question we have to go additional quicker to satisfy our local weather objectives. The Trump administration’s rollback of a number of local weather insurance policies is taking us in exactly the fallacious course. In the close to time period, state, native and non-state actors should tackle the mantle of management to drive continued clear power progress within the US. We’ll be watching states the place incoming governors have pledged to uphold the objectives of the Paris Settlement by accelerating a clear power transition of their state.
Current local weather and excessive climate occasions–together with hurricanes Florence and Michael, the devastating California wildfires and heatwaves, droughts and flooding occasions across the nation–clarify that local weather change is already having an influence on individuals. To hold communities protected, we should make investments extra to construct resilience forward of disasters, not simply decide up the items their aftermath. This consists of growing the finances of FEMA’s pre-disaster mitigation program and HUD’s group improvement block grant program. (See extra on this weblog submit I wrote final yr).
There’s appreciable curiosity in a federal infrastructure invoice this yr–we should always use that as a chance to ramp up investments in low-carbon, climate-resilient infrastructure.
How necessary will non-state actors be in the USA in driving international financing and coverage actions in 2019?
Rachel Cleetus, UCS: Non-state actors will proceed to play a essential position in driving the US and international clear power transition. As Jeff’s weblog publish highlights, we now have seen main renewable power commitments from US utilities and firms just lately.
To maintain tempo with local weather objectives, although, we do want a robust coverage push as nicely–which is why, within the absence of motion from the federal authorities, state renewable power and carbon pricing insurance policies are very important.
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