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As more than half of the planet's CO2 is emitted in Asia-Pacific, there is no way around it: the region has to become a leader in the global fight against climate change, if we are to win it. This transition also presents one of the greatest investment opportunities of the coming decades. The region is the most vulnerable to desertification, flooding, and sea level rise, but also has most of the planet's people, megacities, and renewable energy capacity. The sky is the limit.This pivotal book explores the intersection of decarbonization, innovation, and Asia-Pacific. It provides a snapshot of initiatives by industry leaders and the public sector to reduce emissions. Through detailed technological analysis, case studies, and interviews of nine key industries, the authors highlight the emerging trends and commercial opportunities. The region must bring capital, technology, and policy together if we are to reach the most important milestone of this century: net zero by 2050.
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.
As industrialized nations look into emerging new technologies focusing on renewable or efficient energy use — along with the move towards Sustainable Development Goals — challenges related to achieving low carbon economy projects have gained much attention. This book explores various initiatives and potential methods to achieve net-zero carbon targets and issues.Life Cycle Assessment (LCA) will play an important role as an effective and comprehensive method to analyze potential greenhouse gas emissions and other environmental impacts of a technology or system. LCA is a holistic and system-wide scientific method that can be used to quantify impact metrics chosen to evaluate any emerging Net-Zero Carbon technologies of interest, and reveal environmental trade-offs or further research opportunities that are required for balancing CO2 emissions. LCA perspectives of Net-Zero Carbon Technologies can also be used to outline decision-making strategies for a nation's shift towards low carbon economic development.
How did mankind change Earth from the beginning? How did changes in technologies change our society and the global climate? And how do we have to change to cope with climate change?Climate change is the ultimate threat in the world today, and it can only be addressed through comprehensive technological and societal transformation. This book examines the financial, technical, and social situation of the world today, and outlines some of the existing policies and technologies that will help us on our long and unpredictable journey through climate change. Three major factors that have led us to today's predicament — our economic system, our own inexcusable ignorance, and continued political inertia — must be addressed, discussed, and changed for the better.This book also deals with the concept of change. How is a successful change defined? What steps are necessary, and which steps come first? Fortunately, there is good news. Innovation and human ingenuity will produce the tools needed to deal with the climate catastrophe. The only question is whether people will themselves be able to change to a sufficient degree. The whole process of change will take generations, it will have to be a joint effort, and the stakes are incredibly high.
Time is of the essence. Climate change looms as a malignant force that will reshape our economy and society for generations to come. If we are going to avoid the worst effects of climate change, we are going to need to effectively "decarbonize" the global economy by 2050. This doesn't mean a modest, or even a drastic, improvement in fuel efficiency standards for automobiles. It means 100 percent of the cars on the road being battery-powered or powered by some other non-carbon-emitting powertrain. It means 100 percent of our global electricity needs being met by renewables and other non-carbon-emitting sources such as nuclear power. It means electrifying the global industrials sector and replacing carbon-intensive chemical processes with green alternatives, eliminating scope-one emissions—emissions in production—across all industries, particularly steel, cement, petrochemicals, which are the backbone of the global economy. It means sustainable farming while still feeding a growing global population. Responding to the existential threat of climate change, Michael Lenox and Rebecca Duff propose a radical reconfiguration of the industries contributing the most, and most harmfully, to this planetary crisis. Disruptive innovation and a particular calibration of industry dynamics will be key to this change. The authors analyze precisely what this might look like for specific sectors of the world economy—ranging from agriculture to industrials and building, energy, and transportation—and examine the possible challenges and obstacles to introducing a paradigm shift in each one. With regards to existent business practices and products, how much and what kind of transformation can be achieved? The authors assert that markets are critical to achieving the needed change, and that they operate within a larger scale of institutional rules and norms. Lenox and Duff conclude with an analysis of policy interventions and strategies that could move us toward clean tech and decarbonization by 2050.
This outlook highlights climate-safe investment options until 2050, policies for transition and specific regional challenges. It also explores options to eventually cut emissions to zero.
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 looks at institutional reforms for the use of energy, water and resources toward a sustainable future in East Asia. The book argues that developments in the East Asian region are critical to global sustainability and acknowledges that there is an increasing degree of mutual reliance among countries in East Asia – primarily China, Japan, Korea and Taiwan. It analyzes environmental impacts stemming from the use of energy, water and mineral resources via economic development in East Asia in the medium to long term (through 2050) through theoretical and empirical modelling. The book also evaluates the ripple effects of environmental and resource policies on each country’s economy and clarifies the direction of institutional reform in energy systems, resources and water use for a sustainable future.
Climate change is a global concern of special relevance to Southeast Asia, a region that is both vulnerable to the effects of climate change and a rapidly increasing emitter of greenhouse gases (GHGs). This study focuses on five countries of Southeast Asia that collectively account for 90% of regional GHG emissions in recent years---Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. It applies two global dynamic economy–energy–environment models under an array of scenarios that reflect potential regimes for regulating global GHG emissions through 2050. The modeling identifies the potential economic costs of climate inaction for the region, how the countries can most efficiently achieve GHG emission mitigation, and the consequences of mitigation, both in terms of benefits and costs. Drawing on the modeling results, the study analyzes climate-related policies and identifies how further action can be taken to ensure low-carbon growth.