scholarly journals Analysis of Climate Mitigation Technology and Finance in Relation to Multilateral Development Banks

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 311
Author(s):  
Joo Young Lee ◽  
Su Hyeon Han
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Demand ◽  
Risk Index ◽  
Ghg Emissions ◽  
Current Status ◽  
Climate Mitigation ◽  
Multilateral Development Banks ◽  
The Status ◽  
Development Banks

This paper looks at the current state of multilateral development banks (MDBs) for climate change measures and the funding status of those invested in mitigation technology in order to briefly review the current outcome of the technology transfer and financial support. In other words, the aim of this study is to collect and analyze information about the current status of total investment in the field of technology for mitigating GHGs (Greenhouse Gases) from MDBs and identify implications of the status. In this study, a screening technique has been used three times to make a database for project information in the field of mitigation of climate change. So far, based on the finalized DB (Database), mitigation technology projects supported by MDBs have been investigated; based on the result, a connected analysis has been conducted between MDBs, mitigation technology, and countries. According to the derived current status, project support in renewable energy and energy demand areas turned out to be the highest at 75% of the entire mitigation technology. Rather than the renewable energy and energy demand areas where climate technology projects have frequently been performed throughout the world, it was confirmed that long-term climate technology projects for GHG fixation were being performed. According to the results of comparison and analysis of countries with high GHG emissions and their centrality, centrality turned out to be high in the field of GHG fixation in China, the country with the highest GHG emissions. This seems to indicate that countries emitting a substantial amount of GHGs will invest more on projects in the field of GHG fixation as well as on projects on renewable energy. Thus, this study is expected to contribute to understanding the trends of climate technology projects for coping with climate change and using them in establishing future policies on climate technology. In addition, it is expected to be used as a reference for countries with insufficient investment in climate technology despite the high Climate Risk Index (CRI).

IDB Group and Climate Action

2021 ◽  
Author(s):  
Keyword(s):  
Climate Change ◽  
Latin American ◽  
Paris Agreement ◽  
Climate Finance ◽  
Development Bank ◽  
Multilateral Development Banks ◽  
Climate Action ◽  
The Caribbean ◽  
Development Banks ◽  
Bank Group

As one of the leading development partners for Latin American and the Caribbean (LAC), the Inter-American Development Bank Group (IDB Group) is fully committed to lead by example on climate change action. Since the signing of the Paris Agreement, the IDB Group has provided over $20 billion in Climate Finance, amounting to about 60% of all Climate Finance to the region from Multilateral Development Banks (MDBs).

scholarly journals Climate Inaction in Business Management: An Exploratory Review of the Literature

2020 ◽  
Vol 13 (4) ◽  
pp. 87
Author(s):  
Alan F. Rodriguez-Jasso ◽  
Arturo Briseno ◽  
Ana L. Zorrilla
Keyword(s):  
Climate Change ◽  
Ghg Emissions ◽  
Essential Element ◽  
Future Research ◽  
Climate Mitigation ◽  
Negative Consequences ◽  
Broad Perspective ◽  
Address Climate Change ◽  
Management Literature ◽  
Business And Management

Climate change is considered as one of the major threats for the international community due to its negative consequences in the financial, social, and environmental issues. Companies, who are considered as an essential element in the mitigation process, have exerted corporate inactivity to address climate change that has led to the increment of the greenhouse gas (GHG) emissions, contributing to climate change over the last decade. The objective of this review is to explore, summarize, and analyze the state of knowledge in the business and management literature about climate inaction that guides future researches to diminish this corporate inactivity, enhancing the practices aimed to reduce such emissions. The review was developed through the narrative method in order to acquire a broad perspective of the phenomenon through the examination of 24 articles from the Web of Science from 1998 to 2018. Our findings indicate that climate inaction is nascent and fragmented literature where the company is identified as one of the main actors, being this approach developed from different perspectives that guide to decrease such corporate inactivity, and motivating the corporate action. The inclusion of the concept of climate inaction might lead to an understanding of the mechanisms for climate mitigation, providing a guide for future research in the field of environmental performance.

Climate change and trace gases

2007 ◽  
Vol 365 (1856) ◽  
pp. 1925-1954 ◽  
Author(s):  
James Hansen ◽  
Makiko Sato ◽  
Pushker Kharecha ◽  
Gary Russell ◽  
David W Lea ◽  
...  
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Ghg Emissions ◽  
Ice Sheet ◽  
Climate Forcing ◽  
Climate Mitigation ◽  
Positive Feedbacks ◽  
Arctic Ice ◽  
Earth’S Climate ◽  
Ice Water

Palaeoclimate data show that the Earth's climate is remarkably sensitive to global forcings. Positive feedbacks predominate. This allows the entire planet to be whipsawed between climate states. One feedback, the ‘albedo flip’ property of ice/water, provides a powerful trigger mechanism. A climate forcing that ‘flips’ the albedo of a sufficient portion of an ice sheet can spark a cataclysm. Inertia of ice sheet and ocean provides only moderate delay to ice sheet disintegration and a burst of added global warming. Recent greenhouse gas (GHG) emissions place the Earth perilously close to dramatic climate change that could run out of our control, with great dangers for humans and other creatures. Carbon dioxide (CO 2 ) is the largest human-made climate forcing, but other trace constituents are also important. Only intense simultaneous efforts to slow CO 2 emissions and reduce non-CO 2 forcings can keep climate within or near the range of the past million years. The most important of the non-CO 2 forcings is methane (CH 4 ), as it causes the second largest human-made GHG climate forcing and is the principal cause of increased tropospheric ozone (O 3 ), which is the third largest GHG forcing. Nitrous oxide (N 2 O) should also be a focus of climate mitigation efforts. Black carbon (‘black soot’) has a high global warming potential (approx. 2000, 500 and 200 for 20, 100 and 500 years, respectively) and deserves greater attention. Some forcings are especially effective at high latitudes, so concerted efforts to reduce their emissions could preserve Arctic ice, while also having major benefits for human health, agricultural productivity and the global environment.

scholarly journals Can the 1.5 ℃ warming target be met in a global transition to 100% renewable energy?

AIMS Energy ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 1170-1191
Author(s):  
Peter Schwartzman ◽  
◽  
David Schwartzman ◽  
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
Carbon Dioxide Emissions ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Climate Mitigation ◽  
Energy Poverty ◽  
Global Energy ◽  
Mitigation And Adaptation

<abstract> <p>First, we recognize the valuable previous studies which model renewable energy growth with complete termination of fossil fuels along with assumptions of the remaining carbon budgets to reach IPCC warming targets. However, these studies use very complex combined economic/physical modeling and commonly lack transparency regarding the sensitivity to assumed inputs. Moreover, it is not clear that energy poverty with its big present impact in the global South has been eliminated in their scenarios. Further, their CO<sub>2</sub>-equivalent natural gas emission factors are underestimated, which will have significant impact on the computed greenhouse gas emissions. Therefore, we address this question in a transparent modeling study: can the 1.5 ℃ warming target still be met with an aggressive phaseout of fossil fuels coupled with a 100% replacement by renewable energy? We compute the continuous generation of global wind/solar energy power along with the cumulative carbon dioxide equivalent emissions in a complete phaseout of fossil fuels over a 20 year period. We compare these computed emissions with the state-of-the-science estimates for the remaining carbon budget of carbon dioxide emissions consistent with the 1.5 ℃ warming target, concluding that it is still possible to meet this warming target if the creation of a global 100% renewable energy transition of sufficient capacity begins very soon which will likely be needed to power aggressive negative carbon emission technology. The latter is focused on direct air capture for crustal storage. More efficient renewable technologies in the near future will make this transition easier and promote the implementation of a global circular economy. Taking into account technological improvements in 2<sup>nd</sup> law (exergy) efficiencies reducing the necessary global energy demand, the renewable supply should likely be no more than 1.5 times the present level, with the capacity to eliminate global energy poverty, for climate mitigation and adaptation.</p> </abstract>

8. Solutions

2021 ◽  
pp. 122-147
Author(s):  
Mark Maslin
Keyword(s):  
Climate Change ◽  
Carbon Dioxide ◽  
Renewable Energy ◽  
Large Scale ◽  
Global Climate ◽  
Ghg Emissions ◽  
Power Grids ◽  
Smart Power ◽  
The Third ◽  
Smart Power Grids

‘Solutions’ outlines the three types of solutions to climate change. The first is adaptation, which is providing protection for the population from the impacts of climate change. Both physical and social adaptations are required to protect people’s lives and livelihoods. The second solution is mitigation, which in its simplest terms is reducing our carbon footprint and thus reversing the trend of ever-increasing GHG emissions. This type of solution includes switching to renewable energy and electric vehicles, fossil-fuel subsidy reforms, smart power grids, sustainable agriculture, reforestation and rewilding. The third solution is geoengineering, which involves large-scale extraction of carbon dioxide from the atmosphere or modification of the global climate.

Impact of renewable energy deployment on climate change in Nigeria

2015 ◽  
Vol 26 (3) ◽  
pp. 125-134
Author(s):  
Udochukwu B. Akuru ◽  
Ogbonnaya I. Okoro ◽  
Edward Chikuni
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Greenhouse Gas ◽  
Environmental Effects ◽  
Fossil Fuels ◽  
Ghg Emissions ◽  
Environmental Benefits ◽  
Energy Sources ◽  
Industrial Growth ◽  
Impacts Of Climate Change

It is well known fact that the rate of industrial growth of any country is a function of the amount of energy available in that country and the extent to which this energy is utilized. The burning of fossil fuels to generate energy is a dirty process. Greenhouse gas (GHG) emissions result when fossil fuels are produced and consumed and these emissions contribute to climate change. Nigeria as a country is highly vulnerable to the impacts of climate change because its economy is mainly dependent on income generated from the production, processing, export and/or consumption of fossil fuels and its associated energy-intensive products. Hence, it is on this premise that this paper is researched to review the energy sources being used in Nigeria and investigate its impact to climate change. Findings reveal Nigeria’s over-dependence on fossil-generated energy with associated adverse environmental effects, among other things. Recommendations for the integration of renewable energy into Nigeria’s energy mix, beyond other measures, have been offered, especially with reference to the salient environmental benefits that accrue to it.

scholarly journals The Drivers and Barriers of Renewable Energy Applications and Development in Uganda: A Review

2018 ◽  
Vol 1 (1) ◽  
pp. 9-39 ◽  
Author(s):  
Adebayo Fashina ◽  
Mustafa Mundu ◽  
Oluwole Akiyode ◽  
Lookman Abdullah ◽  
Dahiru Sanni ◽  
...  
Keyword(s):  
Climate Change ◽  
Energy Source ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Evidence Based ◽  
Global Awareness ◽  
Energy Applications ◽  
The Status ◽  
Barriers And Challenges

Following the increasing global awareness of the dangers posed by the present state of climate change, many countries such as Uganda have adapted long-term plans for a transition to decarbonised economies. A major strategy for decarbonisation is to replace fossil fuels with renewable energy (RE) sources as the fundamental energy source. Uganda has substantial RE resources for the provision of energy services and production, yet these resources remain untapped. It is therefore crucial that the use of these abundant resources should be heightened. This paper examines and discusses the potential and current RE utilization and development in Uganda from the perspective of sustainable development. The status of the different RE resources and their application/utilization, including details of existing projects in the country, are carefully explored and discussed. The possible drivers for a huge advancement of RE applications and development in Uganda are also discussed before elucidating the major barriers and challenges faced by the energy sector as regards RE. Measures and policies required to facilitate the utilization of RE in Uganda are proposed. These evidence-based policies could guide the delivery of affordable and sustainable energy solutions for all by 2030 in Uganda.

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