Addressing climate change requires urgent policy action to drive a global infrastructure and technological transformation. The latest report 'Aligning Policies for a Low-carbon Economy' presents the first diagnosis of the alignments of policy and regulatory frameworks with climate policy goals. Join the Green Growth Knowledge Platform (GGKP) for a webinar exploring these issues on 5 October 2015, 15:00-16:30 (Paris time).
Energy efficiency improvements over the last 25 years saved a cumulative USD 5.7 trillion in energy expenditures. This virtual supply of energy generates multiple benefits for governments, businesses and households, including greater energy security from reduced dependence on energy imports and billions of tonnes of greenhouse gas emissions reductions.
Strengthening our understanding of the energy efficiency market and the prospects over the medium term is becoming increasingly important. The 2015 Energy Efficiency Market Report (EEMR) evaluates the impact of energy efficiency in the energy system and assesses the scale and outlook for further energy efficiency investment using detailed country-by-country energy efficiency indicator data and IEA expertise.
This year’s report includes an in-depth look into the buildings energy efficiency market and the electricity sector. Energy efficiency investments in the buildings sector totalled between USD 90 billion in 2014. In the electricity sector, energy efficiency has proved critical in flattening electricity consumption in Organisation for Economic Co-operation and Development member countries, driving utilities to adapt their business models.
Promoting and expanding energy efficiency markets is a worldwide phenomenon, and EEMR 2015 presents a number of case studies at the national, state and municipal level. These include examinations of Latin America’s two largest economies, Brazil and Mexico, which are looking to efficiency to boost productivity and social development. Energy-exporting countries like Saudi Arabia and the Russian Federation are also increasingly turning to efficiency to increase exports and reduce the costs of growing domestic energy consumption. In addition to national governments, major urban areas such as Tokyo, Seoul and Paris are increasingly enabling energy efficiency investment.
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The rapid development of tourism and energy-intensive industry is exerting increasing pressures on the environmental assets upon which much of Iceland’s growth has been founded.
The OECD has launched a project on effects of public policy conditions on leveraging private financing for environmental and climate mitigation investments. An analysis on Effectiveness of Policies and Strategies to Increase the Capacity Utilisation of Intermittent Renewable Power Plants is now available.
As we approach COP21 it is becoming increasingly clear that more ambition is needed to get us on a 2 degree pathway. But it is not just about committing to emission reduction targets by 2030. Governments need to demonstrate how their policies will credibly put them on a pathway to even deeper reductions.
The current Volkswagen diesel emissions scandal highlights the difficult reality of making the transition to a low-carbon economy. It also highlights the growing need for governments to make smart policies, based on actual costs.
We know that the adverse impacts of climate change are expected to slow growth and exacerbate poverty. An effective climate response is therefore not only an environmental necessity but an integral part of sustainable development.
Nitrogen run-off from farming and other land uses was threatening to undermine the pristine waters of Lake Taupo – New Zealand’s largest and most iconic lake – and to damage a range of economic and cultural activities. In 2011, the regional government introduced a water quality policy package. This bold policy experiment is unique: it is the only trading programme or market where diffuse sources of pollution operate under a cap.
Cost-benefit analyses and other quantitative appraisals are used in many countries to support decision-making in public policy, including investment projects in sectors such as transport and energy. This paper discusses the range of approaches which can be employed to value changes in carbon emissions in policy appraisalsand presents some case studies and a survey of current practice in OECD countries.
Making sense of and communicating data requires imagination and creativity. The bolder and more ambitious we are, the better we can produce, analyse and communicate policy-relevant data to support better water policies for better lives.