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In this paper, the authors develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS). Reforms to the EU ETS have been made in the face of a significant, prolonged downturn in the allowance price.
With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers.
Cities represent more than 70 per cent of global energy demand. Cities are major consumer of resources (material, food, water, lands, minerals etc.) They contribute for over 70 per cent to greenhouse gas emission and they are the main contributors to the global ecological footprint.
The Global Green Growth Institute’s G20 Background Paper: Green Growth to achieve the Paris Agreement outlines the necessity of an accelerated transition to a green and circular economy that will eradicate poverty, provide decent jobs, and hit climate action targets.
The political tipping point is coming. The falling costs of renewables are driving a political tipping point where politicians move from expensive support for renewables to embrace the sector and to tax fossil fuel externalities. This is a key driver of the Inevitable Policy Response show-cased by the UN PRI.
While the renewable energy sector has grown considerably, there is still immense potential to be realized. This report identifies some of the key barriers that are hindering the growth of renewable energy in India.
This study assesses the economywide impact of promoting renewable power generation by targeting a 50 percent share of renewables in energy production by 2040.
The world has made the transition from one major form of energy to another several times – from animal power and biomass to burning coal, and then to the increasing use of oil and gas. The replacement of those fuels with renewables marks the next historic shift.
Many of the world’s Small Island Developing States (SIDS) have started to integrate renewables into their electricity supply mix. The expected benefits include reducing dependency on costly, sometimes volatile fossil-fuel imports.
