Energy

For many, integrating “decarbonization” into public policy, corporate and financial strategies has become a requirement, not an option — yet, what happens when the critical link between climate stability and decarbonization breaks?

The Danish Minister of Climate, Energy, and Utilities expressed his hope that the tragic war in Ukraine will help accelerate the clean energy transformation by weaning Europe off Russian gas during a Virtual Forum (view recording here) last Friday (April 8). The event was hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development. 

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

Article 6 is one of the thorniest issues in climate negotiations and determines how countries trade emissions. In Glasgow, countries finally found an agreement on this thorny issue, whose rules have the potential to support the achievement of the Paris Agreement’s goals at a lower cost and provide larger incentives for private sector investments, writes Marinella Davide.

Near term action to combat climate change is critical if the world is going to slow the pace of global warming to a significant degree. That was the perspective voiced on Tuesday (November 30) by Laurence Tubiana, Director General of the European Climate Foundation during a Virtual Forum hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development.

What was accomplished? COP26 created pressure for some countries to produce revised  Nationally Determined Contributions, helped catalyze new pledges to reduce emissions (including from India), led to the approval of the rules to govern international cooperation and carbon markets (the Paris Rulebook) addressing the issue of double counting, and served as the Launchpad for some novel initiatives that could play a useful role. Among the announcements that were made, was one that recognizes the importance of strategic investment and government action to lower the cost of technologies to reach carbon neutrality.

For an assessment of what was done, and left undone, at the recent United Nations’ Conference of the Parties on climate change, the Gazette spoke with Rob Stavins, the Harvard Kennedy School’s A.J. Meyer Professor of Energy and Economic Development and head of the Harvard Project on Climate Agreements, who attended his first COP in 2007 in Bali. 

Kelly Sims Gallagher asserts that politicians' pledges of dramatic long-term reductions should not let them off the hook for their failure to achieve more modest progress in the short term.

China recently launched the world’s largest emissions trading market, but it is just one component of the nation’s ambitious efforts to curb the rise in greenhouse-gas emissions. That was the message delivered on Thursday (July 22) by Carnegie Mellon University Associate Professor Valerie Karplus during a Virtual Forum hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development.

Joel Clement outlines why he is vexed by global negligence with regards to investments in the fossil fuel industry.