Energy

Decarbonizing existing buildings is a key component of greenhouse gas emission reduction strategies, but private investors have been slow to finance residential decarbonization projects because of a range of barriers. Authors Chang, Fornara, and Sanghvi argue that green banks could play a major role in unlocking public and private financing for projects that are currently financially unviable. 

In an interview with Nada Ramadan Ahmed, North Africa Analyst with MEES magazine, she quotes Marina Lorenzini on the topic of the El Dabaa Nuclear Power Plant in Egypt: "Putin has used the Russian nuclear energy industry, through Rosatom, as a strategic export to build deep dependencies with geopolitically significant countries, such as Bangladesh, Egypt, and Turkey. So, even as times get tough in Moscow, Rosatom's foreign projects may not receive an immediate axe."

Other companies cannot necessarily replace Rosatom if needed, leaving Cairo "in a bind to negotiate with Moscow on a point-by-point basis on how to purchase and integrate new equipment. Moscow will likely not welcome such a move, and Cairo may not have a strong enough bargaining position, especially if it's not paying its bills on time, in order to introduce non-Russian supplies on site."

Meghan O'Sullivan and Jason Bordoff on how COP28 demonstrated what’s missing from climate diplomacy.

Harvard Kennedy School hosted Leon Clarke, Director of Decarbonization Pathways at Bezos Earth Fund, for an Energy Policy Seminar to discuss the economic challenges that are slowing the pace of the energy transition.

Ahead of COP28 in Dubai, Harvard Kennedy School hosted Elliot Diringer, Senior Policy Advisor in the office of the Special Presidential Envoy for Climate John Kerry, for an Energy Policy Seminar on the evolution of the COP process.

HPCA and Director Robert Stavins played an active role at COP 28 in Dubai, which concluded on December 12 with an historic agreement calling for “transitioning away” from fossil fuels. Aside from moderating an official HPCA Side Event on reducing global methane emissions, Stavins also participated in several other panel discussions and forums on issues relating to the climate change negotiations as well as meetings with participants and journalists. Read more on HPCA’s activities in Dubai on our COP 28 Tumblr page.

Harvard Kennedy School hosted Jason Grumet, CEO of the American Clean Power Association, for an Energy Policy Seminar to discuss recent U.S. progress on addressing climate change and the implementation of the Inflation Reduction Act.

With 22 countries pledging to triple global nuclear energy production by 2050 at the COP28 climate meeting in Dubai, sincere prospects for growth in global nuclear energy market is on the table. Nonetheless, these 22 countries largely represent ones that have minimal ties with Russia’s nuclear exports or are seeking to decouple themselves from a current dependency. 

Many other countries are considering the option of nuclear energy, and several will turn to Russia’s state-owned nuclear energy company, Rosatom, to build their new reactors. Since assuming power, Russian President Vladimir Putin has developed Russia’s nuclear industry exports as a key piece of its energy and geopolitical portfolio. 

One country in particular has embraced a partnership with Rosatom: Egypt. In 2015, Russia and Egypt concluded an intergovernmental agreement that led Rosatom to build a $30-billion nuclear power plant near the Mediterranean coastal town of El Dabaa, about 170 kilometers west of Alexandria. With four Russian-designed, 1.2-gigawatt, VVER reactor units, the El Dabaa nuclear power plant is expected to generate more than 10 percent of total electricity production in Egypt and provide a consistent baseload power source for 20 million people.

Amy Harder, the founding Executive Editor of the climate policy publication Cipher News, expressed her surprise with several positive outcomes from the recent 28th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 28) in Dubai during a special episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”

The Biden Administration and automotive industry have announced ambitious targets for the number of electric vehicles they hope to deploy by 2030, but automakers are not yet on track to meet those targets, according to new analysis by researchers at Harvard Kennedy School’s Belfer Center for Science and International Affairs.