NDC Invest: Supporting Transformational Climate Policy and Finance

2021 ◽  
Author(s):  
Marcela Jaramillo ◽  
Valentina Saavedra
Keyword(s):  
Sustainable Development ◽  
Latin American ◽  
Scale Up ◽  
Climate Targets ◽  
Net Zero ◽  
One Stop ◽  
Nationally Determined Contributions ◽  
The One ◽  
Carbon Dioxide Co2

The Inter-governmental Panel on Climate Change (IPCC) indicates that meeting the Paris Agreement's goal of limiting the global temperature rise from pre-industrial levels to between 1.5 and 2 degrees Celsius requires reaching net-zero emissions of carbon dioxide (CO2) between 2050 and 2070, as well as deep reductions in the emissions of other greenhouse gases by around mid-century (GHGs) (IPCC, 2018). At the same time countries need to build resilience to face the changes that cannot be avoided. NDC Invest was created as the one-stop-shop of the IDB Group providing technical and financial support for countries in Latin American and Caribbean (LAC) in their efforts to achieve the climate objectives under the Paris Agreement, seeking to transition to a net zero, resilient and sustainable development pathways that improve quality of life and prosperity in LAC. Through our research and experience supporting countries and piloting solutions we have developed a toolbox for support. This paper describes three NDC Invest products to support Governments to tackle challenges and scale up action towards a climate aligned and sustainable development path: i) the design of Long-Term Strategies (LTS) for net-zero emissions and resilience; ii) design of ambitious Nationally Determined Contributions (NDCs), aligned to LTS; and iii) design of investment plans and finance strategies. Our three products are not a fix recipe, but rather a toolbox to provide flexible and relevant solutions tailored to country needs and context, and different stages of design and implementation of their climate targets.

Special Bulletin: NDC Invest: Supporting Transformational Climate Policy and Finance in Latin American and the Caribbean

2021 ◽  
Author(s):  
Keyword(s):  
Sustainable Development ◽  
Latin American ◽  
Scale Up ◽  
Net Zero ◽  
One Stop ◽  
Nationally Determined Contributions ◽  
The Caribbean ◽  
The One

NDC Invest was created as the one-stop-shop of the IDB Group providing technical and financial support for countries in Latin American and the Caribbean (LAC) in their efforts to achieve the climate objectives under the Paris Agreement, seeking to transition to a net-zero, resilient, and sustainable development pathway that improves the quality of life and prosperity in LAC. We have recently published a paper that describes three NDC Invest products to support Governments to tackle challenges and scale up action towards a climate-aligned and sustainable development path. In this Special Bulletin, we provide a snapshot of our thee products: i) the design of Long-Term Strategies (LTS) for net-zero emissions and resilience; ii) design of ambitious Nationally Determined Contributions (NDCs), aligned to LTS; and iii) design of investment plans and finance strategies.

scholarly journals Towards Net Zero export credit: current approaches and next steps

2021 ◽  
Author(s):  
Thomas Hale ◽  
Andreas Klasen ◽  
Norman Ebner ◽  
Bianca Krämer ◽  
Anastasia Kantzelis
Keyword(s):  
Business Models ◽  
Global Climate ◽  
Export Credit ◽  
Public And Private ◽  
Climate Targets ◽  
Net Zero ◽  
The Many ◽  
The One ◽  
Investment Portfolios ◽  
Export Credit Agencies

As the world economy rapidly decarbonises to meet global climate goals, the export credit sector must keep pace. Countries representing over two-thirds of global GDP have now set net zero targets, as have hundreds of private financial institutions. Public and private initiatives are now working to develop new standards and methodologies for shifting investment portfolios to decarbonisation pathways based on science. However, export credit agencies (ECAs) are only at the beginning stages of this seismic transformation. On the one hand, the net zero transition creates risks to existing business models and clients for the many ECAs, while on the other, it creates a significant opportunity for ECAs to refocus their support to help countries and trade partners meet their climate targets. ECAs can best take advantage of this transition, and minimise its risks, by setting net zero targets and adopting credible plans to decarbonise their portfolios. Collaboration across the sector can be a powerful tool for advancing this goal.

scholarly journals Latin America: Reduced S&T Investment Puts Sustainable Development at Risk

2020 ◽  
Author(s):  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Latin America ◽  
Human Resources ◽  
Latin American ◽  
Extreme Case ◽  
Developed Countries ◽  
Science Technology ◽  
The Face ◽  
Social Turmoil

Latin America is home to more than 600 million people and has considerable natural and human resources. However, investment in science and technology (S&T) lags far behind that in developed countries. This gap represents a barrier to the development of economies based on knowledge and hampers the region's ability to tackle environmental and social problems. This lack of investment is evident in the extreme case of Venezuela, where much of the science workforce has fled economic chaos, but also in every Latin American country, including science powers such as Brazil and Argentina, where federal budgets in science, technology and education have been drastically reduced in recent years. Investments in S&T foster cooperation, commerce and good will and enhance resilience in the face of environmental and social turmoil. Therefore, scientists must start to actively engage governments and encourage long-term spending in S&T to support the development of Latin American societies.

How to substitute in order to sustain: knowledge driven growth under environmental restrictions

1998 ◽  
Vol 3 (4) ◽  
pp. 425-442 ◽  
Author(s):  
LUCAS BRETSCHGER
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Endogenous Growth ◽  
Growth Model ◽  
Adjustment Costs ◽  
Theoretical Framework ◽  
Endogenous Growth Model ◽  
The One

This paper presents different substitution mechanisms which determine, in a theoretical framework, the conditions for long-term sustainable development. In a one-sector approach and in two versions of a multi-sector endogenous growth model, the accumulation and the substitution of man-made inputs for natural resources are analysed. Assuming man-made capital to be an output of a specific sector of the economy, the elasticities of substitution between the different inputs play a more complex role than suggested by the one-sector approach. According to the multi-sector models, the prediction of growth becoming sustainable emerges as realistic, provided that the sectoral adjustment costs in the economy are not too high.

scholarly journals Latin America: Reduced S&T Investment Puts Sustainable Development at Risk

2020 ◽  
Author(s):  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
Pablo Bolaños-Villegas ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Latin America ◽  
Human Resources ◽  
Latin American ◽  
Extreme Case ◽  
Developed Countries ◽  
Science Technology ◽  
The Face ◽  
Social Turmoil

Latin America is home to more than 600 million people and has considerable natural and human resources. However, investment in science and technology (S&T) lags far behind that in developed countries. This gap represents a barrier to the development of economies based on knowledge and hampers the region's ability to tackle environmental and social problems. This lack of investment is evident in the extreme case of Venezuela, where much of the science workforce has fled economic chaos, but also in every Latin American country, including science powers such as Brazil and Argentina, where federal budgets in science, technology and education have been drastically reduced in recent years. Investments in S&T foster cooperation, commerce and good will and enhance resilience in the face of environmental and social turmoil. Therefore, scientists must start to actively engage governments and encourage long-term spending in S&T to support the development of Latin American societies.

scholarly journals WGV: An Australian Urban Precinct Case Study to Demonstrate the 1.5 °C Agenda Including Multiple SDGs

2018 ◽  
Vol 3 (2) ◽  
pp. 64-81 ◽  
Author(s):  
Jason Wiktorowicz ◽  
Tanya Babaeff ◽  
Jessica Breadsell ◽  
Josh Byrne ◽  
James Eggleston ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Urban Planning ◽  
Community Involvement ◽  
Sustainable Living ◽  
Net Zero ◽  
Zero Carbon ◽  
Planning Processes ◽  
Development Goals ◽  
The One

The WGV project is an infill residential development in a middle suburb of Perth, Western Australia. Its urban planning innovation is in its attempt to demonstrate net zero carbon as well as other sustainability goals set by urban planning processes such as community engagement and the One Planet Living accreditation process. It is a contribution to the IPCC 1.5 °C agenda which seeks to achieve deep decarbonization while also delivering the UN Sustainable Development Goals (SDGs). Solar photovoltaics and battery storage are incorporated into the development and create net zero carbon power through an innovative ‘citizen utility’ with peer-to-peer trading. The multiple sustainable development features such as water sensitive design, energy efficiency, social housing, heritage retention, landscape and community involvement, are aiming to provide inclusive, safe, resilient and sustainable living and have been assessed under the SDG framework.

scholarly journals Path to net zero is critical to climate outcome

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Tianyi Sun ◽  
Ilissa B. Ocko ◽  
Elizabeth Sturcken ◽  
Steven P. Hamburg
Keyword(s):  
Carbon Dioxide ◽  
Greenhouse Gas ◽  
Central Element ◽  
Standard Format ◽  
Early Action ◽  
Net Zero ◽  
Climate Action ◽  
Nationally Determined Contributions ◽  
Gas Targets

AbstractNet zero greenhouse gas targets have become a central element for climate action. However, most company and government pledges focus on the year that net zero is reached, with limited awareness of how critical the emissions pathway is in determining the climate outcome in both the near- and long-term. Here we show that different pathways of carbon dioxide and methane—the most prominent long-lived and short-lived greenhouse gases, respectively—can lead to nearly 0.4 °C of warming difference in midcentury and potential overshoot of the 2 °C target, even if they technically reach global net zero greenhouse gas emissions in 2050. While all paths achieve the Paris Agreement temperature goals in the long-term, there is still a 0.2 °C difference by end-of-century. We find that early action to reduce both emissions of carbon dioxide and methane simultaneously leads to the best climate outcomes over all timescales. We therefore recommend that companies and countries supplement net zero targets with a two-basket set of interim milestones to ensure that early action is taken for both carbon dioxide and methane. A one-basket approach, such as the standard format for Nationally Determined Contributions, is not sufficient because it can lead to a delay in methane mitigation.

scholarly journals Just Transition and Workers’ Rights in the Global South: The Recent Argentine and Chilean Nationally Determined Contributions

2021 ◽  
Vol 13 (17) ◽  
pp. 9616
Author(s):  
Mauro Pucheta ◽  
César Álvarez Alonso ◽  
Pedro Silva Sánchez
Keyword(s):  
Sustainable Development ◽  
Latin American ◽  
Global South ◽  
Labour Markets ◽  
Global Approach ◽  
Left Behind ◽  
Zero Carbon ◽  
Nationally Determined Contributions ◽  
Latin American Countries ◽  
Carbon Economy

Just transition tackles the consequences of a transition to a zero-carbon economy while addressing the issues of equity and justice so that nobody is left behind. It is a roadmap that informs the action of states towards sustainable development. The paper focuses on how Argentina and Chile, with a high percentage of informality in their economies and their labour markets, have embedded just transition into their legal orders through the submission of Nationally Determined Contributions (NDCs). The analysis of both experiences to protect workers is based upon three aspects: the Global South perspective; the 2015 ILO guidelines; the historical step that Argentina and Chile have reached in the submission of their second NDCs since these are the first Latin American countries to have expressly included just transition and work in their NDCs. After a thorough analysis, the paper concludes that this seems to be a promising first step that requires, nonetheless, a global approach in order to protect the environment and ensure that no one is left behind.

scholarly journals Deployment Forecasts of China's Photovoltaic: Based on Multimodel Comparison Analysis

2018 ◽  
Vol 53 ◽  
pp. 01001
Author(s):  
Fang Yang ◽  
Xiaoliang Tang ◽  
Weicong Ruan
Keyword(s):  
Model Comparison ◽  
Annual Growth Rate ◽  
Policy Recommendations ◽  
Solar Photovoltaic ◽  
Climate Targets ◽  
The Us ◽  
Nationally Determined Contributions ◽  
The Uk ◽  
Solar Technology

Climate targets in Paris Agreement closely depends on the deployment of renewables, particular for solar photovoltaic (PV) technology, which also plays formidable role in achieving China's Intended Nationally Determined Contributions (INDC) goals in 2030. On this basis, we conduct a multi-model comparison study to examine the diffusion laws of PV solar technology across countries, and provide feasible deployment forecasting plans for China. The considered models in this work includes classical Bass, Logistic and Gompertz; and 10 countries with top PV cumulative capacity are involved, i.e., France, Germany, Italy, Spain, the UK, Australia, China, India, Japan and the US. Our results depict that China gains remarkable advantage in PV solar technology innovation; the PV market has a great potential to grow, with the projected annual growth rate to be 30~40% annually in the coming 5 years. Further, several policy recommendations are yielded for China's long-term development of PV solar industry.

scholarly journals Methane and the Paris Agreement temperature goals

2021 ◽  
Vol 380 (2215) ◽  
Author(s):  
Michelle Cain ◽  
Stuart Jenkins ◽  
Myles R. Allen ◽  
John Lynch ◽  
David J. Frame ◽  
...  
Keyword(s):  
Climate Model ◽  
Climate Science ◽  
Paris Agreement ◽  
Climate Mitigation ◽  
Emission Rates ◽  
Global Mean Temperature ◽  
Policies And Measures ◽  
Net Zero ◽  
Nationally Determined Contributions

Meeting the Paris Agreement temperature goal necessitates limiting methane (CH 4 )-induced warming, in addition to achieving net-zero or (net-negative) carbon dioxide (CO 2 ) emissions. In our model, for the median 1.5°C scenario between 2020 and 2050, CH 4 mitigation lowers temperatures by 0.1°C; CO 2 increases it by 0.2°C. CO 2 emissions continue increasing global mean temperature until net-zero emissions are reached, with potential for lowering temperatures with net-negative emissions. By contrast, reducing CH 4 emissions starts to reverse CH 4 -induced warming within a few decades. These differences are hidden when framing climate mitigation using annual ‘CO 2 -equivalent’ emissions, including targets based on aggregated annual emission rates. We show how the different warming responses to CO 2 and CH 4 emissions can be accurately aggregated to estimate warming by using ‘warming-equivalent emissions', which provide a transparent and convenient method to inform policies and measures for mitigation, or demonstrate progress towards a temperature goal. The method presented (GWP*) uses well-established climate science concepts to relate GWP100 to temperature, as a simple proxy for a climate model. The use of warming-equivalent emissions for nationally determined contributions and long-term strategies would enhance the transparency of stocktakes of progress towards a long-term temperature goal, compared to the use of standard equivalence methods. This article is part of a discussion meeting issue ‘Rising methane: is warming feeding warming? (part 2)’.

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