Buying environmental insurance: Prospects for trading of global climate-protection services

In order to alleviate the threat of global climate change, coordinated international action is needed. This cooperation should include multilateral agreements and new economic initiatives to help implement measures that will slow the accumulation of carbon dioxide in the Earth's atmosphere due to tropical deforestation and fossil-fuel use. An international market in environmental services can help to safeguard the Earth's climate and foster economic development through a North-South transfer of financial resources.We suggest international carbon-emission offsets (ICEOs) as a means by which international markets, under a policy umbrella such as a multilateral climate-protection treaty, could trade carbon-saving services. Such a market would provide a currency for rewarding actions that reduce global carbon emissions, allowing carbon emitters to seek the least expensive ways to reduce emissions. This currency would transfer cash and/or debt relief from industrialized nations to developing nations, allowing the developing nations to profit from the use of clean energy technologies and the protection, rather than depletion, of tropical forests.     

Shifting discourses of climate change in India

Developing countries like India are under international pressure to sign a legally binding emissions treaty to avert catastrophic climatic change. Developing countries, however, have argued that any international agreement must be based on historic and per capita carbon emissions, with developed countries responsible for reducing their emissions first and funding mitigation and adaptation in other countries. Recently, however, several scholars have argued that Indian government climate change discourses are shifting, primarily by recognizing the “co-benefits” of an alignment between its development and climate change objectives, and by displaying increasing “flexibility” on mitigation targets. This study investigates the factors driving shifting Indian discourses of climate change by conducting and analyzing 25 interviews of Indian climate policy elites, including scientists, energy policy experts, leading government officials, journalists, business leaders, and advocates, in addition to analysis of articles published in Economic and Political Weekly (a prominent Indian policy journal), and reports published by the government and other agencies. Our analysis suggests that India’s concerns about increasing energy access and security, along with newer concerns about vulnerability to climate change and the international leadership aspirations of the Indian government, along with emergence of new actors and institutions, has led to plurality of discourses, with potential implications for India’s climate change policies.     

A new strategy for global climate protection

This essay proposes an innovative institutional strategy for global climate protection, quite distinct from but ultimately complementary to the UNFCCC climate treaty negotiations. Our “building block” strategy relies on a variety of smaller-scale transnational cooperative arrangements, involving not only states, but also subnational jurisdictions, firms, and civil society organizations, to undertake activities whose primary goal is not climate mitigation but which will achieve greenhouse gas reductions as a byproduct. This strategy avoids the problems inherent in developing an enforceable, comprehensive treaty regime by mobilizing other incentives—including economic self-interest, energy security, cleaner air, and furtherance of international development— to motivate a range of actors to cooperate on actions that will also produce climate benefits. The strategy uses three specific models of regime formation (club, linkage, and dominant actor models) which emerge from economics, international relations, and organizational behavior, to develop a variety of transnational regimes that are generally self-enforcing and sustainable, avoiding the free rider and compliance problems endemic in collective action to provide public goods. These regimes will contribute to global climate action not only by achieving emissions reductions in the short term, but also by creating global webs of cooperation and trust, and by linking the building block regimes to the UNFCCC system through greenhouse gas monitoring and reporting systems. We argue that the building blocks regimes would thereby help secure eventual agreement on a comprehensive climate treaty.     

Effect of reciprocity on public opinion of international climate treaties: experimental evidence from the US and China

This study reports survey results of American and Chinese citizens administered to determine the effect of reciprocity and the absence of reciprocity on public support of international climate treaties. American and Chinese college students and adults were surveyed about their support for signing an international climate treaty including commitments to reduce their greenhouse gas emissions, conditional on the other country signing the same treaty or not. This study finds knowledge of other-country non-support on average decreases cooperative behaviour among all age groups in both the US and China. Knowledge of China’s support for the treaty is found on average to increase support among American adults, while having no noticeable effect on average support among American college students. Chinese citizens are found to not respond positively to reciprocity. Although not statistically significant at conventional significance levels, knowledge of the US’s support is found on average to decrease support among Chinese college students and adults.

Key policy insights

• To increase support for international climate treaties, knowledge that another major emitter will sign the treaty does not unanimously increase domestic support.

• Knowing the other country will not sign the treaty decreases domestic support for signing an international climate treaty for both Americans and Chinese, relative to not being told about the other country’s decision to sign the treaty.

• Knowing China will sign an international climate treaty on average increases American adult support for signing the same treaty, while American college student support is unaffected.

• Although not statistically significant at conventional significance levels, knowing the US will sign an international climate treaty on average decreases Chinese support for signing the same treaty.

• Policy-makers pursuing increased international support of climate treaties by first getting support from countries with substantial historical emissions might deter international support if little attention to fairness concerns is given.

     

Closing the emission price gap

Even without internationally concerted action on climate change mitigation, there are important incentives for countries to put a price on their domestic emissions, including public finance considerations, internalizing the climate impacts of their own emissions, and co-benefits, such as clean air or energy security. Whereas these arguments have been mostly discussed in separate strands of literature, this article carries out a synthesis that exemplifies how policies to put a price on emissions can be conceptualized in a multi-objective framework. Despite considerable uncertainty, empirical evidence suggests that different countries may face quite different incentives for emission pricing. For instance, avoided climate damages and co-benefits of reduced air pollution appear to be the main motivation for emission pricing in China, while for the US generating public revenue dominates and for the EU all three motivations are of intermediate importance. We finally argue that such unilateral incentives could form the basis for incremental progress in international climate negotiations toward a realistic climate treaty based on national interest and differentiated emission pricing and describe how such an agreement could be put into practice.     

Sustainable development policies and measures: institutional issues and electrical efficiency in South Africa

An innovative approach is introduced for helping developing countries to make their development more sustainable, and also to reduce greenhouse gas (GHG) emissions as a co-benefit. Such an approach is proposed as part of the multilateral framework on climate change. The concept of sustainable development policies and measures (SD-PAMs) is outlined, making clear that it is distinct from many other approaches in starting from development rather than explicit climate targets. The potential of SD-PAMs is illustrated with a case-study of energy efficiency in South Africa, drawing on energy modelling for the use of electricity in industry. The results show multiple benefits both for local sustainable development and for mitigating global climate change. The benefits of industrial energy efficiency in South Africa include significant reductions in local air pollutants; improved environmental health; creation of additional jobs; reduced electricity demand; and delays in new investments in electricity generation. The co-benefit of reducing GHG emissions could result in a reduction of as much as 5% of SA's total projected energy CO₂ emissions by 2020. Institutional support and policy guidance is needed at both the international and national level to realize the potential of SD-PAMs. This analysis demonstrates that if countries begin to act early to move towards greater sustainability, they will also start to bend the curve of their emissions path.     

气候变化国家评估报告(Ⅲ):中国应对气候变化对策的综合评价

Climate change is increasingly becoming the hotspot issue of global attention. On the basis of review of the process responding to climate change of international community, this paper introduces the status of carbon emissions of the world and China, and the technology potential for China to mitigate carbon emissions. At the same time, this paper explores the macro-impacts of China's mitigation of carbon emissions, the equity of global mitigation of climate change, and the impacts of international cooperation in the field of climate change. Furthermore, this paper puts forward the ideas and countermeasures of mitigating climate change in China, indicating that China should positively adapt to the trends of international politics, economy and trade pattern changes and bring the strategies of mitigating climate change into national social and economic development strategy, planning to promote comprehensive, coordinated and sustainable development of national economy and society under the situation of global response to climate change.     

气候变化国家评估报告（Ⅲ）：中国应对气候变化对策的综合评价

 回顾了国际社会应对气候变化的进程，对国内外的碳排放状况、中国减缓碳排放的技术潜力、中国减缓碳排放的宏观影响、全球减缓气候变化的公平性与国际合作行动等问题进行了分析与评估。提出了中国减缓气候变化的思路与对策，指出在全球应对气候变化的形势下，中国要积极适应国际政治、经济及贸易格局变动的趋势，将减缓气候变化对策纳入国家经济与社会发展战略与规划之中，促进国家经济和社会的全面、协调和可持续发展。     

发展核能与减少温室气体排放

为应对全球气候变化的挑战,发展低碳经济已成为国际共识。根据核能的特点,分析了核电燃料链的温室气体排放及其与其他能源链的比较,指出核能是各种能源中温室气体排放量最小的发电方式。介绍了世界主要核电国家发展核能减排温室气体状况,分析了我国发展核电的温室气体减排效益,提出积极发展核能是我国构建低碳型能源结构、应对气候变化的合理有效选择。     

Long-term climate policy: international legal aspects of sector-based approaches

Abstract

The aim of this article is to discuss the international legal implications of a sector-based approach to long-term climate policy. Sector-based approaches have emerged as a possible way of engaging all the major emitters of greenhouse gases into the system. The article divides sectoral approaches into two main categories based on their legal relevance. Substantive sectoral models focus on ways of defining emission levels for global industry sectors. From the point of view of international law, substantive sectoral models could be integrated into the existing climate change regime if the Parties so agree. Procedural sectoral models focus on actors. Some procedural sectoral models envisage treaty regimes involving non-State actors, such as organizations representing global industry sectors undertaking to reduce emissions of greenhouse gases. The main focus of the article is on these models.     

Incorporating blue carbon sequestration benefits into sub-national climate policies

The emissions reduction pledges made by individual countries through the 2015 Paris Agreement represent the current global commitment to mitigate greenhouse gas emissions in the face of the enduring climate crisis. Natural lands carbon sequestration and storage are critical for successful pathways to global decarbonization (i.e., as a negative emissions technology). Coastal vegetated habitats maintain carbon sequestration rates exceeding forest sequestration rates on a per unit area basis by nearly two orders of magnitude. These blue carbon habitats and their associated carbon sequestration benefits are vulnerable to losses from land-use change and sea-level rise. Incorporation of blue carbon habitats in climate change policy is one strategy for both maintaining these habitats and conserving significant carbon sequestration capabilities. Previous policy assessments have found the potential for incorporation of coastal carbon sequestration in national-level policies, yet there has – to date – been little inclusion of blue carbon in the national-scale implementation of Paris commitments. Recently, sub-national jurisdictions have gained attention as models for pathways to decarbonization. However, few previous studies have examined sub-national level policy opportunities for operationalizing blue carbon into climate decision-making. California is uniquely poised to integrate benefits from blue carbon into its coastal planning and management and its suite of climate mitigation policies. Here, we evaluated legal authorities and policy contexts addressing sequestration specifically from blue carbon habitats. We synthesized the progressive action in California’s approaches to mitigate carbon emissions including statutory, regulatory, and non-regulatory opportunities to incorporate blue carbon ecosystem service information into state- and local-level management decisions. To illustrate how actionable blue carbon information can be produced for use in decision-making, we conducted a spatial analysis of blue carbon sequestration in several locations in California across multiple agencies and management contexts. We found that the average market values of carbon sequestration services in 2100 ranged from $7,730 to $44,000 per hectare and that the social cost of carbon sequestration value was 1.3 to 2.7 times the market value. We also demonstrated that restoration of small areas with high sequestration rates can be comparable to the sequestration of existing marshes. Our results illustrate how accessible information about carbon sequestration in coastal habitats can be directly incorporated into existing policy frameworks at the sub-national scale. The incorporation of blue carbon sequestration benefits into sub-national climate policies can serve as a model for the development of future policy approaches for negative emissions technologies, with consequences for the success of the Paris Agreement and science-based decarbonization by mid-century.     

国际气候谈判的实质和出路

尽管国际气候谈判充满矛盾,但本质上它是一种认真而责任重大的全球性努力,气候谈判的目标在于建立合理的国际气候制度。应对气候变化的实质是引导全球以低碳、绿色、循环发展为路径,实现全人类的可持续发展。气候谈判应该是一个促进各方建设性达成全球气候制度安排的过程,为此建议抓住以下三个重点：先发达国家率先做出积极的绝对量减排承诺;发展中国家也根据自身的能力和发展阶段做出自己应有的贡献;发达国家应在资金和技术上做点实事。先在以上三方面取得实质性突破,再通过公约原则下的“审评”和“调整”机制,逐步补充和完善。这是一种体现“自下而上”和“自上而下”相结合的路径。国际气候谈判的最终出路在于合作共赢。中国积极而务实地参与国际气候谈判的深刻原因,首先源于自身科学发展和可持续发展的内在需求,同时也是一个负责任的发展中大国对国际责任的担当。     

Climate change and the transgenic adaptation strategy: Smallholder livelihoods,climate justice,and maize landraces in Mexico

Climate change will affect agricultural production by subsistence farms in crop centers of origin, where landraces are conserved in situ. Various strategies for adaptation to climate change have been proposed. In this paper we examine the prospects of what we call the ‘transgenic adaptation strategy’, i.e. the appeal to use transgenic seeds to adapt to climate change, through the lens of smallholder maize farming in Mexico. Landraces are the bedrock of maize production in Mexico. We consider how maize farmers may respond to climate change and the effects of those responses on crop diversity. In this paper, we argue that the promotion of the transgenic adaptation strategy is problematic for biological and social reasons. Smallholder livelihoods in southern Mexico could suffer a disproportionate negative impact if transgenic technology is privileged as a response to climate change. Agroecological and evolutionary approaches to addressing the effects of climate change on smallholder agriculture provides an alternative adaptive strategy.     

Reaching a climate agreement: compensating for energy market effects of climate policy

Because of large economic and environmental asymmetries among world regions and the incentive to free ride, an international climate regime with broad participation is hard to reach. Most of the proposed regimes are based on an allocation of emissions rights that is perceived as fair. Yet, there are also arguments to focus more on the actual welfare implications of different regimes and to focus on a ‘fair’ distribution of resulting costs. In this article, the computable general equilibrium model DART is used to analyse the driving forces of welfare implications in different scenarios in line with the 2?°C target. These include two regimes that are often presumed to be ‘fair’, namely a harmonized international carbon tax and a cap and trade system based on the convergence of per capita emissions rights, and also an ‘equal loss’ scenario where welfare losses relative to a business-as-usual scenario are equal for all major world regions. The main finding is that indirect energy market effects are a major driver of welfare effects and that the ‘equal loss’ scenario would thus require large transfer payments to energy exporters to compensate for welfare losses from lower world energy demand and prices.

Policy relevance

A successful future climate regime requires ‘fair’ burden sharing. Many proposed regimes start from ethical considerations to derive an allocation of emissions reduction requirements or emissions allowances within an international emissions trading scheme. Yet, countries also consider the expected economic costs of a regime that are also driven by other factors besides allowance allocation. Indeed, in simplified lab experiments, successful groups are characterized by sharing costs proportional to wealth. This article shows that the major drivers of welfare effects are reduced demand for fossil energy and reduced fossil fuel prices, which implies that (1) what is often presumed to be a fair allocation of emissions allowances within an international emissions trading scheme leads to a very uneven distribution of economic costs and (2) aiming for equal relative losses for all regions requires large compensation to fossil fuel exporters, as argued, for example, by the Organization of Petroleum Exporting Countries (OPEC).     

Triggering the low-carbon transition in the aftermath of the global financial crisis

An assessment of the post-Kyoto climate change negotiations, and the altered role of climate finance post-financial crisis, is presented. First, the paradigm shift of the Cancun Agreements is examined from an historical perspective and it is shown that the impasse in the negotiations, caused by the underlying over-emphasis on burden sharing reductions in emissions, can be overcome. Second, using information from two modelling exercises, it is demonstrated how climate finance can encourage the decoupling of carbon emissions from economic growth and thereby help align the development pattern with global climate goals. Third, a framework to place carbon finance within current discussions is sketched regarding both the reformation of the world financial systems and the facilitation of a sustainable economic recovery that is beneficial for North and South while addressing the low-carbon transition. It is concluded that upgrading climate finance is the key to triggering the shift to a low-carbon society and a system is proposed in which an agreed social cost of carbon is used to support the establishment of carbon emissions certificates to reorient a significant portion of global savings towards low-carbon investments.

Policy relevance

Investments that align development and climate objectives are shown to substantially lower the social cost of carbon and deliver long-term carbon emissions reductions. These reductions are greater than those contributed by the sole carbon price signal generated by a world cap-and-trade system. Carbon finance, as a part of the broader reform of financial systems and overseas aid, can help overcome the dual adversity of climate and financial crisis contexts. The carbon certificate, with an upfront agreed social cost of carbon, can be used as its instrument. The portion of the banking system that intends to reorient a significant part of world savings towards low-carbon investments could thus issue such carbon certificates. By giving carbon assets the status of a reserve currency, the system could even respond to the need of emerging countries to diversify their foreign exchange reserves and trigger a wave of worldwide sustainable growth through infrastructure markets.     

Overlooked ocean strategies to address climate change

The U.N. Framework Convention on Climate Change’s (UNFCCC’s) Paris Agreement—which aims to limit climate change and increase global resilience to its effects—was a breakthrough in climate diplomacy, committing its Parties to develop and update national climate plans. Yet the Parties to the Agreement have largely overlooked the effect of climate change on ocean-based communities, economies, and ecosystems—as well as the role that the ocean can play in mitigating and adapting to climate change. Because the ocean is an integral part of the climate system, stronger inclusion of ocean issues is critical to achieving the Agreement’s goals. Here we discuss four ocean-climate linkages that suggest specific responses by Parties to the Agreement connected to 1) accelerating climate ambition, including via sustainable ocean-based mitigation strategies; 2) focusing on CO₂ emissions to address ocean acidification; 3) better understanding ocean-based mitigation; and 4) pursuing ocean-based adaptation. These linkages offer a more complete perspective on the reasons strong climate action is necessary and inform a systematic approach for addressing ocean issues under the Agreement to strengthen climate mitigation and adaptation.     

No regrets?: Economy and environment in Australia's domestic climate change policy process

This paper explores Australia's domestic response to the issue of climate change, and charts the evolution of ‘no-regrets’ as the guiding principle for policy development. The concept of no-regrets encapsulates the ecologically modern idea that addressing environmental problems can bring economic, as well as social and environmental, benefits. It is argued that the degree of reconciliation between environmental and economic objectives achieved has been made possible through a progressive narrowing of the scales over which costs and benefits are weighed, and the exclusion of the non-material benefits of the environment. Tensions between addressing climate change and continuing business as usual, which are far from unique to Australia, remain and continue to limit effective reductions in greenhouse gas emissions.     

Breaking the impasse: towards a new regime for international climate governance

The reality of the current international order makes it imperative that a just and effective climate regime should balance the historical responsibility of developed countries with the increasing absolute emissions from many developing nations. The key pillars are briefly proposed for a new international climate architecture that envisions replacing the current annex system with two new annexes: Annex α, for countries with high current emissions and historically high emissions, and Annex β, for countries with high current emissions and historically low emissions. Countries in both annexes would implement legally binding targets under this framework. Additionally, this proposal includes alterations and revisions to funding and technology transfer mechanisms to correct for weaknesses and inequities under the current Kyoto architecture. The proposed framework stems from a belief that a top-down, international approach to climate policy remains the most effective for ensuring environmental integrity. Given the slow rate of institutional learning, the reform and improvement of the current system is held as a more efficient course of action than abandoning the progress already achieved. It is argued that the proposed framework could effectively accommodate key equity, environmental integrity, and political feasibility concerns.     

应对气候变化进入历史性新阶段

论述了现代气候变化科学对人类新型发展观的贡献,中国对“发展”的新觉悟与国际发展观的演进相会合,从战略层面提高了对应对气候变化的认识,有力推动了巴黎气候大会的成功。本文归纳了《巴黎协定》所确立的新气候机制的4个要点和会后国际气候谈判面临的5个需要及时深化研究的新问题。中国确立的关于应对气候变化和低碳发展的目标,对创新我国发展路径具有战略意义,本文论述了这些发展目标的科学性。“十三五”是绿色、低碳转型的关键期,提出了需要抓紧做好的5个方面的工作。强调低碳与改善大气质量有很强的协同性,应对气候变化的国内外两个大局是互相促进、互相支持的,做好国内的事是根本。     

IPCC SROCC的主要结论和启示

2019年9月,IPCC正式发布《气候变化中的海洋和冰冻圈特别报告》（SROCC）,这是IPCC首次以高山地区与极区冰冻圈和海洋为主题的评估报告。报告全面评估气候变化背景下海洋和冰冻圈变化及其广泛影响与风险,其核心结论包括：气候系统变暖背景下高山地区和极区的冰冻圈普遍退缩,未来冰冻圈将继续消融,高山地区和极区将面临更高的灾害风险;20世纪70年代以来全球海洋持续增暖,未来海洋将继续变暖、加速酸化,影响海洋生物多样性并危及海洋生态系统服务功能和人类社会;近几十年全球平均海平面加速上升,未来数百年海平面仍将持续上升,极端海面事件频发将加剧沿海地区社会-生态系统的灾害风险。报告强调,采取及时、积极、协调和持久的适应与减缓行动,是有效应对海洋和冰冻圈变化,实现气候恢复力发展路径和可持续发展目标的关键所在。本研究认为,需要高度重视海洋和冰冻圈在气候系统变化中的长期和不可逆影响,强化应对气候变化紧迫性认识;高度重视我国冰冻圈和沿海地区面临的气候风险,强化适应能力建设;推动我国牵头的国际大科学计划,强化跨学科、跨领域协同创新,持续提升我国在相关领域的国际影响力和科技支撑能力。