Decarbonizing Development

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

This book sets out some positive directions to move forward including government policy and regulatory options, an innovative GRID (Greening, Regenerative, Improvement Districts) scheme that can assist with funding and management, and the first steps towards an innovative carbon credit scheme for the built environment. Decarbonising cities is a global agenda with huge significance for the future of urban civilisation. Global demonstrations have shown that technology and design issues are largely solved. However, the mainstreaming of low carbon urban development, particularly at the precinct scale, currently lacks sufficient: standards for measuring carbon covering operational, embodied and transport emissions; assessment and decision-making tools to assist in design options; certifying processes for carbon neutrality within the built environment; and accreditation processes for enabling carbon credits to be generated from precinct-wide urban development. Numerous barriers are currently hindering greater adoption of high performance, low carbon developments, many of which relate to implementation and governance. How to enable and manage precinct-scale renewables and other low carbon technologies within an urban setting is a particular challenge.

Too often amongst policy makers and thought leaders an assumption is made that we must make a choice between tackling climate change and having a strong economy; tackling climate change and allowing poorer nations to develop; tackling climate change and having a secure energy system. However, a decade of advanced modelling tested against historical data has provided wide evidence that well-chosen policies can be implemented that avoid these apparent either/or choices. This highly interdisciplinary book provides an overview of potential pathways for the decarbonisation of the global economy. By examining the entire global economy, we show policy-makers and thought-leaders that greatly reducing the risks of climate change can be consistent with energy security, economic development in poor nations, and vibrant economies in already developed nations. Advanced models of the relationships between the economy, energy and climate change pioneered at the Cambridge Centre for Climate Change Mitigation Research (4CMR) over the past decade provides a sound evidence base for decisions. This book examines not only the impacts of policies, but also the feasibility of bringing them forward and the ways in which energy, climate and economic policies can and must be joined up if climate, energy and economic goals are to be met globally. Economists, physicists, engineers, policy analysts, environmental scientists, climate scientists, political analysts, lawyers and computational scientists are brought together for the first time to produce analyses that make up a unique approach to a global problem that must be addressed sooner rather than later. Contents:Introduction (Terry Barker)The Case for Decarbonisation (Douglas Crawford-Brown and Martin Sewell)Policies and Measures for Mitigating Climate Change (Paul Haynes and Yongfu Huang)Scenario Design for a Global Low-carbon Economy (Jun Li and Aleix Altimiras-Martin)Modelling Decarbonisation Scenarios (Annela Anger, Terry Barker and Mark Syddall)The Economic Feasibility of Policies for Decarbonisation (Terry Barker, Annela Anger and Hector Pollitt)Feasibility of Decarbonisation from a Technology Perspective (J-F Mercure and Pablo Salas)Feasibility of Reducing Emissions by End-use Sector (Scott Kelly, Andrew Skelton and Aleix Altimiras-Martin)From Theory to Practice: Climate Policy and Political Feasibility (Sonja Klinsky and Michael Grubb)Co-impacts of a Decarbonised Economy (Douglas Crawford-Brown and Ann Thompson)Conclusions (Terry Barker) Readership: Academics and policy makers interested in forming policies that target energy, climate and economic issues. Key Features:Conclusions are based on a decade of developing some of the most advanced models of links between energy, economic and environmental issuesExamines the entire global economy, showing how policies and actions in any one nation influence behaviours in other nationsHighly interdisciplinary content, with analyses produced by economists, physicists, engineers, policy analysts, environmental scientists, climate scientists, political analysts, lawyers and computational scientistsKeywords:Climate Change;Climate Policy;Economic Development;Environment;Energy Policy;Low Carbon Technology

This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel†“dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of oil, gas, or coal; the use of carbon-intensive infrastructure (for example, refineries, petrochemicals, and coal power plants); or both. Fossil fuel†“dependent countries face financial, fiscal, and macro-structural risks from the transition of the global economy away from carbon-intensive fuels and the value chains based on them. This book focuses on managing these transition risks and harnessing related opportunities. Diversification and Cooperation in a Decarbonizing World identifies multiple strategies that fossil fuel†“dependent countries can pursue to navigate the turbulent waters of a low-carbon transition. The policy and investment choices to be made in the next decade will determine these countries’ degree of exposure and overall resilience. Abandoning their comfort zones and developing completely new skills and capabilities in a time frame consistent with the Paris Agreement on climate change is a daunting challenge and requires long-term revenue visibility and consistent policy leadership. This book proposes a constructive framework for climate strategies for fossil fuel†“dependent countries based on new approaches to diversification and international climate cooperation. Climate policy leaders share responsibility for creating room for all countries to contribute to the goals of the Paris Agreement, taking into account the specific vulnerabilities and opportunities each country faces.

This book focuses on the challenge that Australia faces in transitioning to renewable energy and regenerating its cities via a transformation of its built environment. Both are necessary conditions for low carbon living in the 21st century. This is a global challenge represented by the United Nation’s Sustainable Development Goals and the IPCC’s Climate Change program and its focus on mitigation and adaptation. All nations must make significant contributions to this transformation. This book highlights the new knowledge and innovation that has emerged from research projects undertaken in the Co-operative Research Centre for Low Carbon Living between 2012 and 2019 – an initiative of the Australian Government’s Department of Industry, Science and Technology that is tasked with responding to the UN challenges. Four principal transition pathways were central to the CRC and provide the thematic structure to this volume. They focus on technology, buildings, precinct and city design, and human behaviour – and their interactions.

This book sets out some positive directions to move forward including government policy and regulatory options, an innovative GRID (Greening, Regenerative, Improvement Districts) scheme that can assist with funding and management, and the first steps towards an innovative carbon credit scheme for the built environment. Decarbonising cities is a global agenda with huge significance for the future of urban civilisation. Global demonstrations have shown that technology and design issues are largely solved. However, the mainstreaming of low carbon urban development, particularly at the precinct scale, currently lacks sufficient: standards for measuring carbon covering operational, embodied and transport emissions; assessment and decision-making tools to assist in design options; certifying processes for carbon neutrality within the built environment; and accreditation processes for enabling carbon credits to be generated from precinct-wide urban development. Numerous barriers are currently hindering greater adoption of high performance, low carbon developments, many of which relate to implementation and governance. How to enable and manage precinct-scale renewables and other low carbon technologies within an urban setting is a particular challenge.