Managing the Transition to a Low-Carbon Economy


Book Description

Asia must be at the center of the global fight against climate change. It is the world’s most populous region, with high economic growth, a rising share of global greenhouse gas emissions, and the most vulnerability to climate risks. Its current resource- and emission-intensive growth pattern is not sustainable. This study recognizes low-carbon green growth as an imperative—not an option—for developing Asia. Asia has already started to move toward low-carbon green growth. Many emerging economies have started to use sustainable development to bring competitiveness to their industries and to serve growing green technology markets. The aim of this study is to share the experiences of emerging Asian economies and the lessons learned. The book assesses the low-carbon and green policies and practices taken by Asian countries, identifies gaps, and examines new opportunities for low-carbon green growth.




Achieving a Just Transition to a Low-Carbon Economy


Book Description

The ambition of most countries across the world is to develop a low-carbon economy, evidenced by the fact that the vast majority of countries have signed the Paris COP21 agreement. This book contends that this global societal transition to a low-carbon economy must be just. As such, it will be an invaluable and accessible reference for scholars from all research disciplines who aim in their research to see a fairer, more equitable and inclusive world where sustainability is at the fore and climate targets are achieved. This is the first in-depth and original analysis to explore the central importance of law in achieving a just transition to a low-carbon economy. In addition, it advances the JUST framework, a unique framework for assessing the just transition. This important research and theoretical tool provides a practical perspective as it ensures the geographical space and timelines of development are factored into analysis. The research also provides analysis on the just transition movement around the world and the influence of international institutions. Through several case studies on Just Transition Commissions and Critical Mineral Development, the book details and demonstrates key elements of justice, including distributive, procedural, restorative, recognition, and cosmopolitan justice. It is clear from the analysis that while these are vast areas for analysis, if applied in practice, they all centrally contribute to ensuring society will advance in achieving a just transition to a low-carbon economy.




The Palgrave Handbook of Managing Fossil Fuels and Energy Transitions


Book Description

This Handbook is the first volume to comprehensively analyse and problem-solve how to manage the decline of fossil fuels as the world tackles climate change and shifts towards a low-carbon energy transition. The overall findings are straight-forward and unsurprising: although fossil fuels have powered the industrialisation of many nations and improved the lives of hundreds of millions of people, another century dominated by fossil fuels would be disastrous. Fossil fuels and associated greenhouse gas emissions must be reduced to a level that avoids rising temperatures and rising risks in support of a just and sustainable energy transition. Divided into four sections and 25 contributions from global leading experts, the chapters span a wide range of energy technologies and sources including fossil fuels, carbon mitigation options, renewables, low carbon energy, energy storage, electric vehicles and energy sectors (electricity, heat and transport). They cover varied legal jurisdictions and multiple governance approaches encompassing multi- and inter-disciplinary technological, environmental, social, economic, political, legal and policy perspectives with timely case studies from Africa, Asia, Australia, Europe, North America, South America and the Pacific. Providing an insightful contribution to the literature and a much-needed synthesis of the field as a whole, this book will have great appeal to decision makers, practitioners, students and scholars in the field of energy transition studies seeking a comprehensive understanding of the opportunities and challenges in managing the decline of fossil fuels.




Energy Issues and Transition to a Low Carbon Economy


Book Description

Without energy, there is no well-functioning economy, besides facing social risks. This book provides a systemic approach to energy in Mexico and its relations to the USA arising from the energy reform of the former. It covers the transition from fossil fuels to a low-carbon economy, relying heavily on renewable sources and mitigating climate change risks. Several human knowledge disciplines and topics are covered in the book, including public policy, economics, transboundary issues, electricity and thermal energy, residual biomass use, distributed energy systems and its management, and decision-making tools. An analysis is considered regarding energy issues interaction in the Mexican-USA border, which differ in both countries from pricing and policy, and the work and research that has been developed for transboundary energy trade.




Diversification and Cooperation in a Decarbonizing World


Book Description

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.




The Political Economy of the Low-Carbon Transition


Book Description

This book addresses the global need to transition to a low-carbon society and economy by 2050. The authors interrogate the dominant frames used for understanding this challenge and the predominant policy approaches for achieving it. Highlighting the techno-optimism that informs our current understanding and policy options, Kirby and O’Mahony draw on the lessons of international development to situate the transition within a political economy framework. Assisted by thinking on future scenarios, they critically examine the range of pathways being implemented by both developed and developing countries, identifying the prevailing forms of climate capitalism led by technology. Based on evidence that this is inadequate to achieve a low-carbon and sustainable society, the authors identify an alternative approach. This advance emerges from community initiatives, discussions on postcapitalism and debates about wellbeing and degrowth. The re-positioning of society and environment at the core of development can be labelled “ecosocialism” – a concept which must be tempered against the conditions created by Trumpism and Brexit.




Cities and Low Carbon Transitions


Book Description

Current societies face unprecedented risks and challenges connected to climate change. Addressing them will require fundamental transformations in the infrastructures that sustain everyday life, such as energy, water, waste and mobility. A transition to a ‘low carbon’ future implies a large scale reorganisation in the way societies produce and use energy. Cities are critical in this transition because they concentrate social and economic activities that produce climate change related emissions. At the same time, cities are increasingly recognised as sources of opportunities for climate change mitigation. Whether, how and why low carbon transitions in urban systems take place in response to climate change will therefore be decisive for the success of global mitigation efforts. As a result, climate change increasingly features as a critical issue in the management of urban infrastructure and in urbanisation policies. Cities and Low Carbon Transitions presents a ground-breaking analysis of the role of cities in low carbon socio-technical transitions. Insights from the fields of urban studies and technological transitions are combined to examine how, why and with what implications cities bring about low carbon transitions. The book outlines the key concepts underpinning theories of socio-technical transition and assesses its potential strengths and limits for understanding the social and technological responses to climate change that are emerging in cities. It draws on a diverse range of examples including world cities, ordinary cities and transition towns, from North America, Europe, South Africa and China, to provide evidence that expectations, aspirations and plans to undertake purposive socio-technical transitions are emerging in different urban contexts. This collection adds to existing literature on cities and energy transitions and introduces critical questions about power and social interests, lock-in and development trajectories, social equity and economic development, and socio-technical change in cities. The book addresses academics, policy makers, practitioners and researchers interested in the development of systemic responses in cities to curb climate change.




Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy: A Survey of the Issues


Book Description

There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They cannot (and should not) expand their mandate unilaterally. Taking on these new responsibilities can also have potential pitfalls and unintended consequences. Ultimately, financial regulators cannot deliver a low-carbon economy by themselves and should not risk being caught again in the role of ‘the only game in town.’




Managing the Transition to Renewable Energy


Book Description

This edited work studies the transition to renewable energy. It offers perspectives from a wide range of disciplines, addressing macro, regional and local scales. Important lessons are also drawn from historical transitions.




Financing for Low-carbon Energy Transition


Book Description

This book is the first comprehensive assessment of the state of low-carbon investments in Asia, analyzing the rationales, mandates and public–private financing activities. Based on the experiences of several regional initiatives wherein public financing is catalyzing private investments in low-carbon infrastructure, this book proposes a framework that can be used as a tool to identify factors that influence private investment decisions and policy instruments that can scale up the private capital. Placing the Asian economies onto a low-carbon development pathway requires an unprecedented shift in investments. This book addresses this situation by asking questions such as: • What is the central role of private finance in achieving the Paris Agreement targets? • What key policy levers and risk mitigation can governments use in an effort to unlock the potentials of private capital? • How can regionally coordinated actions hold significant promise for scaling up private investments?