Limits To Private Climate Change Mitigation

Author : Dalya Elmalt,Mr. Divya Kirti,Ms. Deniz O Igan
Publisher : International Monetary Fund
Page : 48 pages
File Size : 46,8 Mb
Release : 2021-04-29
Category : Business & Economics
ISBN : 9781513582504

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Limits to Private Climate Change Mitigation by Dalya Elmalt,Mr. Divya Kirti,Ms. Deniz O Igan Pdf

As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG scores using firm-level data for the largest emitters around the world. Discouragingly, our analysis uncovers at best a weak relationship: firms with better ESG scores do display somewhat slower emissions growth but this link is substantially attenuated and no longer statistically significant if we limit attention to within-country or within-firm variation. Our findings suggest limited scope for sustainable investing strategies conditioned solely on ESG indicators to meaningfully help mitigate climate change and, more broadly, underscore the need to continue to build consensus towards effective economy-wide policies to address climate change.

Author : Howard A Latin
Publisher : World Scientific
Page : 268 pages
File Size : 47,9 Mb
Release : 2012-05-14
Category : Science
ISBN : 9789814458504

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Climate Change Policy Failures: Why Conventional Mitigation Approaches Cannot Succeed by Howard A Latin Pdf

At the recent UN Climate Change Conferences in Copenhagen, Cancun and Durban, the developed nations promised hundreds of billions of dollars in financial aid to help developing countries overcome global climate change dangers. The developed nations will need to spend many more billions to limit their own greenhouse gas pollution, the main cause of global warming and climate change. Will all this money and effort be wasted? This book argues that nearly all of the world's climate policy makers and expert advisors have been making tragic mistakes that ensure the failures of climate change mitigation attempts.The great majority of climate change programs, from American congressional bills to cap-and-trade economic incentive schemes to the Kyoto Protocol and other international treaties, rely on greenhouse gas emissions-reduction targets that will prove “too little, too late” by deferring strict pollution controls too far into the future. The inadequate emissions-reduction measures also will not be able to bridge the gap between the highest priorities of developed and developing nations. Vast discharges of greenhouse gases authorized by weak emissions-reduction programs in the next several decades virtually guarantee that the cumulative concentration of greenhouse gases in the atmosphere will keep increasing while climate change continues to grow worse.Rather than adopting ineffectual emissions-reduction programs that cannot limit the cumulative concentration of greenhouse gases in the air, this book proposes a shift to a “clean” technology-replacement strategy that could support current lifestyles and expanding economic development without further damaging our climate. The only way to reduce the greenhouse gas levels in the atmosphere enough to decrease climate change hazards is to replace large pollution sources as rapidly as feasible in as many industrial sectors and geographic regions as possible with “clean” alternative technologies, processes, and methods.

Author : Richard B. Stewart,Benedict Kingsbury,Bryce Rudyk
Publisher : NYU Press
Page : 346 pages
File Size : 51,8 Mb
Release : 2009-11
Category : Law
ISBN : 9780814741382

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Climate Finance by Richard B. Stewart,Benedict Kingsbury,Bryce Rudyk Pdf

Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of policy experts and scholars shows how effective mitigation of climate change will depend on a complex mix of public funds, private investment through carbon markets, and structured incentives that leave room for developing country innovations. This requires sophisticated national and global regulation of cap-and-trade and offset markets, forest and energy policy, international development funding, international trade law, and coordinated tax policy. Thirty-six targeted policy essays present a succinct overview of the emerging field of climate finance, defining the issues, setting the stakes, and making new and comprehensive proposals for financial, regulatory, and governance mechanisms that will enrich political and policy debate for many years to come. The complex challenges of climate finance will continue to demand fresh insights and creative approaches. The ideas in this volume mark out starting points for essential institutional and policy innovations.

Author : Ottmar Edenhofer,Ramón Pichs Madruga
Publisher : Unknown
Page : 1076 pages
File Size : 45,8 Mb
Release : 2012
Category : Climate change mitigation
ISBN : 1139248707

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Renewable Energy Sources and Climate Change Mitigation by Ottmar Edenhofer,Ramón Pichs Madruga Pdf

This Intergovernmental Panel on Climate Change Special Report (IPCC-SRREN) assesses the potential role of renewable energy in the mitigation of climate change. It covers the six most important renewable energy sources - bioenergy, solar, geothermal, hydropower, ocean and wind energy - as well as their integration into present and future energy systems. It considers the environmental and social consequences associated with the deployment of these technologies and presents strategies to overcome technical as well as non-technical obstacles to their application and diffusion. SRREN brings a broad spectrum of technology-specific experts together with scientists studying energy systems as a whole. Prepared following strict IPCC procedures, it presents an impartial assessment of the current state of knowledge: it is policy relevant but not policy prescriptive. SRREN is an invaluable assessment of the potential role of renewable energy for the mitigation of climate change for policymakers, the private sector and academic researchers.

Author : Erkki J. Hollo,Kati Kulovesi,Michael Mehling
Publisher : Springer Science & Business Media
Page : 693 pages
File Size : 42,5 Mb
Release : 2012-12-04
Category : Law
ISBN : 9789400754409

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Climate Change and the Law by Erkki J. Hollo,Kati Kulovesi,Michael Mehling Pdf

Climate Change and the Law is the first scholarly effort to systematically address doctrinal issues related to climate law as an emergent legal discipline. It assembles some of the most recognized experts in the field to identify relevant trends and common themes from a variety of geographic and professional perspectives. In a remarkably short time span, climate change has become deeply embedded in important areas of the law. As a global challenge calling for collective action, climate change has elicited substantial rulemaking at the international plane, percolating through the broader legal system to the regional, national and local levels. More than other areas of law, the normative and practical framework dedicated to climate change has embraced new instruments and softened traditional boundaries between formal and informal, public and private, substantive and procedural; so ubiquitous is the reach of relevant rules nowadays that scholars routinely devote attention to the intersection of climate change and more established fields of legal study, such as international trade law. Climate Change and the Law explores the rich diversity of international, regional, national, sub-national and transnational legal responses to climate change. Is climate law emerging as a new legal discipline? If so, what shared objectives and concepts define it? How does climate law relate to other areas of law? Such questions lie at the heart of this new book, whose thirty chapters cover doctrinal questions as well as a range of thematic and regional case studies. As Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), states in her preface, these chapters collectively provide a “review of the emergence of a new discipline, its core principles and legal techniques, and its relationship and potential interaction with other disciplines.”

Author : Anthony Bonen,Mr.Prakash Loungani,Willi Semmler,Sebastian Koch
Publisher : International Monetary Fund
Page : 46 pages
File Size : 42,9 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9781475523690

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Investing to Mitigate and Adapt to Climate Change by Anthony Bonen,Mr.Prakash Loungani,Willi Semmler,Sebastian Koch Pdf

We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation.

Author : Mr. Ananthakrishnan Prasad,Ms. Elena Loukoianova,Alan Xiaochen Feng,William Oman
Publisher : International Monetary Fund
Page : 41 pages
File Size : 55,8 Mb
Release : 2022-07-27
Category : Business & Economics
ISBN : 9798400216428

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Mobilizing Private Climate Financing in Emerging Market and Developing Economies by Mr. Ananthakrishnan Prasad,Ms. Elena Loukoianova,Alan Xiaochen Feng,William Oman Pdf

Global investment to achieve the Paris Agreement’s temperature and adaptation goals requires immediate actions—first and foremost—on climate policies. Policies should be accompanied by commensurate financing flows to close the large financing gap globally, and in emerging market and developing economies (EMDEs) in particular. This note discusses potential ways to mobilize domestic and foreign private sector capital in climate finance, as a complement to climate-related policies, by mitigating relevant risks and constraints through public-private partnerships involving multilateral, regional, and national development banks. It also overviews the role the IMF can play in the process.

Author : Vesselin Popovski
Publisher : Routledge
Page : 316 pages
File Size : 55,9 Mb
Release : 2018-09-03
Category : Law
ISBN : 9781351815789

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The Implementation of the Paris Agreement on Climate Change by Vesselin Popovski Pdf

In December 2015, 196 parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement, seen as a decisive landmark for global action to stop human- induced climate change. The Paris Agreement will replace the 1997 Kyoto Protocol which expires in 2020, and it creates legally binding obligations on the parties, based on their own bottom-up voluntary commitments to implement Nationally Determined Contributions (NDCs). The codification of the climate change regime has advanced well, but the implementation of it remains uncertain. This book focuses on the implementation prospects of the Agreement, which is a challenge for all and will require a fully comprehensive burden- sharing framework. Parties need to meet their own NDCs, but also to finance and transfer technology to others who do not have enough. How equity- based and facilitative the process will be, is of crucial importance. The volume examines a broad range of issues including the lessons that can be learnt from the implementation of previous environmental legal regimes, climate policies at national and sub-national levels and whether the implementation mechanisms in the Paris Agreement are likely to be sufficient. Written by leading experts and practitioners, the book diagnoses the gaps and lays the ground for future exploration of implementation options. This collection will be of interest to policy-makers, academics, practitioners, students and researchers focusing on climate change governance.

Author : Geert van Calster,Wim Vandenberghe,Leonie Reins
Publisher : Unknown
Page : 0 pages
File Size : 40,6 Mb
Release : 2016-07-29
Category : Climatic changes
ISBN : 1784710202

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Research Handbook on Climate Change Mitigation Law by Geert van Calster,Wim Vandenberghe,Leonie Reins Pdf

Governments around the world have been trying to find ways to reduce greenhouse gas emissions for decades. This detailed Handbook considers the spectrum of legal and market-based instruments as well as strategies and policies adopted around the world and suggests more effective, comprehensive and responsive ways of managing climate change mitigation.

Author : Thomas Cottier,Olga Nartova,Sadeq Z. Bigdeli
Publisher : Cambridge University Press
Page : 456 pages
File Size : 49,7 Mb
Release : 2009-09-24
Category : Business & Economics
ISBN : 8210379456XXX

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International Trade Regulation and the Mitigation of Climate Change by Thomas Cottier,Olga Nartova,Sadeq Z. Bigdeli Pdf

Drawing on the expertise of leading voices, this book takes stock of key challenges in addressing climate change mitigation, serving as a reference tool for understanding the interface between international trade and climate and shedding light on key issues including global commons, border tax adjustment, subsidies and biofuels.

Author : Anonim
Publisher : World Business Pub.
Page : 0 pages
File Size : 42,9 Mb
Release : 2004
Category : Business enterprises
ISBN : 1569735689

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The Greenhouse Gas Protocol by Anonim Pdf

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

Author : Signe Krogstrup,William Oman
Publisher : International Monetary Fund
Page : 58 pages
File Size : 54,8 Mb
Release : 2019-09-04
Category : Business & Economics
ISBN : 9781513511955

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Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature by Signe Krogstrup,William Oman Pdf

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

Author : International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 112 pages
File Size : 47,6 Mb
Release : 2022-10-11
Category : Business & Economics
ISBN : 9798400219672

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Global Financial Stability Report, October 2022 by International Monetary,International Monetary Fund. Monetary and Capital Markets Department Pdf

Global financial stability risks have increased amid a series of cascading shocks. Chapter 1 analyzes the policy response of central banks to high inflation, the risks of a disorderly tightening of financial conditions, and debt distress among emerging and frontier markets. Markets have been extremely volatile, and a deterioration in market liquidity appears to have amplified price moves. In Europe, the energy crisis is contributing to a worsening outlook. In China, the property sector remains a key source of vulnerability. Chapter 2 examines how to narrow the climate financing gap in emerging market and developing economies. Climate policies, including carbon pricing, climate disclosures, and transition taxonomies, are crucial for enabling private climate finance. Innovative financial instruments can help to scale up private climate finance, but the public sector—including multilateral development banks—will have to play a key supporting role. Chapter 3 analyzes the contributions of open-end investment funds to fragilities in asset markets. Open-end investment funds play a key role in financial markets, but those offering daily redemptions while holding illiquid assets can amplify the effects of adverse shocks by raising the likelihood of investor runs and asset fire sales. This contributes to volatility in asset markets and potentially threatens financial stability.

Author : Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner
Publisher : Inter-American Development Bank
Page : 95 pages
File Size : 49,8 Mb
Release : 2013-03-12
Category : Business & Economics
ISBN : 8210379456XXX

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The Role of National Development Banks in Catalyzing International Climate Finance by Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner Pdf

Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.

Author : Groupe d'experts intergouvernemental sur l'évolution du climat
Publisher : Unknown
Page : 151 pages
File Size : 43,6 Mb
Release : 2015
Category : Electronic
ISBN : 9291691437

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Climate Change 2014 by Groupe d'experts intergouvernemental sur l'évolution du climat Pdf