April marked a milestone for forest carbon projects when the California Air Resources Board issued the first forest carbon offsets to a project developed under their forestry protocol. The sustainable forest project is notable as a pioneer in this sector; demonstrating the complex and varied demands we place on forests. The project also exemplifies the important role carbon finance can play to diversify revenue and to tip the balance toward sustainable management with both local and global benefits.
Policy & Government
A catch all category for government, politics and initiatives to influence either.
Finland contributes little in the way of global carbon emissions, but is disproportionately feeling the effects of climate change. Passage of the national climate change act reinforces and builds momentum as Finland moves to build a healthy, vital low-carbon economy and society.
Yesterday, we went over a few success stories told in timely and valuable report from Siemens, PwC and Berwin Leighton Paisner. Here are three more inspiring snapshots that tell the story of cities moving towards a more sustainable future.
Who should pay for the impacts of climate change? This conundrum was at the center of nine class action lawsuits filed by Farmers Insurance in April against dozens of cities in the Chicago area for failing to prepare for the floods that hit Illinois last spring. The insurance company had argued that local governments should have known that rising global temperatures would result in heavier rains and did not do enough to secure sewers and storm drains. But, in a surprising turn of events, Farmers withdrew the suits last week, the Chicago Tribune reported.
Can the primary culprits of global warming be held liable for undermining efforts to combat climate change? That may sound like something a heavier, bearded Al Gore might have scribbled on a napkin in the middle of the night, but there’s reason to believe that it may not be so far-fetched. At least, that’s what a trio of high-profile environmental groups are suggesting.
Siemens Report Lays Out Opportunities for Cities to Leverage Technology and Build Infrastructure Value
“Cities with the appropriate foundations of institutional stability can leverage financial mechanisms to their advantage to help deliver the infrastructure that is so critical to their future,” wrote the authors of a new report on financing smart city infrastructure.
Tom Vinson of the American Wind Energy Association speaks about how wind energy can help states respond the EPA proposal to cut power plant emissions.
Cities across the globe need to construct new transit systems, roads and utilities – or modernize their aging infrastructure – to adapt to the changing climate, reduce carbon emissions and support growing populations. But an important question remains: How will cities pay for such projects? A new report, “Investor Ready Cities,” compiled by engineering company Siemens, professional services network PwC and law firm Berwin Leighton Paisner, aims to help cities think about new ways to fund their infrastructure projects – by taking a fresh look at traditional funding models like taxes and user fees and by attracting private investors.
Global renewable energy capacity rose 8.3 percent in 2013, fueled by technological advances, cost reductions and supportive government policies, particularly among developing countries, according to REN21’s sixth annual review. Solar power capacity has grown an average of over 54 percent over the past five years.
Eight states on both coasts coordindate ZEV Action Plan to kickstart the market for zero emission vehicles, but one state is conspicuously absent.
If we implement the right policies and frameworks, we can achieve large-scale deployment of renewable energy that creates jobs, increases incomes, improves trade balances and contributes to industrial development, according to a new report by the Clean Energy Ministerial’s Multilateral Solar and Wind Working Group.
The report, econValue – The Socio-economic Benefits of Solar and Wind Energy, analyzes the circumstances under which renewable energy can boost economies and benefit communities by studying the effects of solar and wind energy on the environment, economy, and society. Produced by the International Renewable Energy Agency (IRENA), the report provides a framework to help policy makers analyse the various economic opportunities that may be offered by solar and wind sector development and the potential of various policy instruments to best realise those opportunities.
Absent a high-enough price on carbon, a carbon tax, or direct levies on fossil fuel suppliers, “nuclear, hydro and natural gas combined cycle have far more net benefits than either wind or solar,” according to Brookings’ Charles R. Frank, Jr. The assumptions underlying and supporting the analysis highlight the shortcomings of economic models and thinking, however.
Last week was a busy and eventful one for the solar energy industry as market participants from across the U.S., and around the world, gathered in Anaheim, Calif. for the Department of Energy’s (DOE) “SunShot Grand Challenge Summit 2014.” Among the highlights: The Energy Department launched a $1 million solar “soft costs” innovation crowdsourcing contest and $10 million in R&D funding for six thermochemical energy storage projects.