Download or read book Equity Metrics for Climate Adaptation in the Electricity Sector written by Nidhi Kalra and published by . This book was released on 2022 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social equity has become a key concern among public agencies. In 2020, the California Public Utilities Commission (CPUC) adopted D. 20-08-046, Decision on Energy Utility Climate Change Vulnerability Assessments and Climate Adaptation in Disadvantaged Communities. This ruling requires utilities to engage disadvantaged communities and assess their vulnerability to climate impacts. It also requires utilities to evaluate how their climate adaptation efforts can promote equity. Southern California Edison (SCE), the sponsor of this work, is one of several investor-owned utilities regulated by the CPUC that must adhere to this rulemaking. The authors developed an illustrative set of context-specific equity metrics that SCE could build on and incorporate into its ongoing work toward climate adaptation. These metrics can help inform utility regulators and electricity utilities as they begin grappling with energy equity. It offers a straightforward methodology and a starting set of equity metrics that are intended to be adapted to different contexts.
Download or read book Distributional Impacts of Energy Policies in India written by Narasimha Desirazu Rao and published by Stanford University. This book was released on 2011 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there is much agreement in the climate policy literature that climate change mitigation should not interfere with humans' ability to enjoy a minimal standard of living, there is little scholarship on how to carve out such an "exemption" for poor subpopulations within large developing economies. Further, there is little analysis in developing countries of how the burdens of specific mitigation policies would be distributed. This dissertation begins to fill these gaps. This work consists of three studies, the first two of which are positive studies of the income distributional impacts of two energy policies that have climate mitigation benefits in Maharashtra, India: electricity pricing to recover low-carbon electric supply; and removal of the kerosene subsidy. In the first study I use an economic simulation model of the electricity sector and household welfare to assess the impacts of economy-wide electricity price increases under different political and institutional constraints. The analysis reveals that regulators can insulate low-income households from welfare losses without trading off aggregate welfare losses as long as they can raise prices to industry and high-income households. Mitigation may also have a co-benefit of reducing supply interruptions to the poor. In the second study, the kerosene subsidy is found to be progressive and material in urban areas, but regressive and less material in rural areas. One reason is that households' allocated quotas far exceed kerosene demand in rural areas, but fall short of many urban households' needs. A better targeted subsidy in urban areas alone would avoid high costs of the current subsidy, yet avoid the impoverishment of urban users from their complete removal. These results emphasize that protecting the interests of the poor in international climate change mitigation agreements requires some accountability from the institutions that implement mitigation policies within states. The third study questions the adequacy of burden-sharing proposals for climate mitigation that advocate an exemption for the poor without accounting for states' agency over the costs and outcomes of such an exemption. Participating states face moral hazards over the choice of future baselines of the poor's emissions. I show - using India for illustration - that the financial stakes for parties in how future growth is distributed in India can be up to tens of billions of dollars. Getting agreement on the terms of exemption may be easier if benefiting states adopt comparative benchmarks of accountability for the poor's emissions, but which do not infringe on particular policy choices. Furthermore, participating states should have shared duties to ensure that the poor receive the benefits of an awarded exemption.
Download or read book Renewable Energy Sources and Climate Change Mitigation written by Ottmar Edenhofer and published by Cambridge University Press. This book was released on 2011-11-21 with total page 1088 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Intergovernmental Panel on Climate Change Special Report (IPCC-SRREN) assesses the potential role of renewable energy in the mitigation of climate change. It covers the six most important renewable energy sources - bioenergy, solar, geothermal, hydropower, ocean and wind energy - as well as their integration into present and future energy systems. It considers the environmental and social consequences associated with the deployment of these technologies, and presents strategies to overcome technical as well as non-technical obstacles to their application and diffusion. SRREN brings a broad spectrum of technology-specific experts together with scientists studying energy systems as a whole. Prepared following strict IPCC procedures, it presents an impartial assessment of the current state of knowledge: it is policy relevant but not policy prescriptive. SRREN is an invaluable assessment of the potential role of renewable energy for the mitigation of climate change for policymakers, the private sector, and academic researchers.
Download or read book Climate Change and Power written by Christiaan Vrolijk and published by Earthscan. This book was released on 2010-09-23 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This definitive volume examines the mechanisms of the electricity industry for controlling greenhouse gas emissions.
Download or read book Enhancing the Resilience of the Nation s Electricity System written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-10-25 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans' safety, productivity, comfort, and convenience depend on the reliable supply of electric power. The electric power system is a complex "cyber-physical" system composed of a network of millions of components spread out across the continent. These components are owned, operated, and regulated by thousands of different entities. Power system operators work hard to assure safe and reliable service, but large outages occasionally happen. Given the nature of the system, there is simply no way that outages can be completely avoided, no matter how much time and money is devoted to such an effort. The system's reliability and resilience can be improved but never made perfect. Thus, system owners, operators, and regulators must prioritize their investments based on potential benefits. Enhancing the Resilience of the Nation's Electricity System focuses on identifying, developing, and implementing strategies to increase the power system's resilience in the face of events that can cause large-area, long-duration outages: blackouts that extend over multiple service areas and last several days or longer. Resilience is not just about lessening the likelihood that these outages will occur. It is also about limiting the scope and impact of outages when they do occur, restoring power rapidly afterwards, and learning from these experiences to better deal with events in the future.
Download or read book Climate Impact Metrics for Energy Technology Evaluation written by Morgan Rae Edwards and published by . This book was released on 2013 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The climate change mitigation potential of energy technologies depends on how their lifecycle greenhouse gas emissions compare to global climate stabilization goals. Current methods for comparing technologies, which assess impacts over an arbitrary, fixed time horizon, do not acknowledge the critical link between technology choices and climate dynamics. In this thesis, I ask how we can use information about the temporal characteristics of greenhouse gases to design new metrics for comparing energy technologies. I propose two new metrics: the Cumulative Climate Impact (CCI) and Instantaneous Climate Impact (ICI). These metrics use limited information about the climate system, such as the year when stabilization occurs, to calculate tradeoffs between greenhouse gases, and hence the technologies that emit these gases. The CCI and ICI represent a middle ground between current metrics and commonly-proposed alternatives, in terms of their level of complexity and information requirements. I apply the CCI and ICI to evaluate the climate change mitigation potential of energy technologies in the transportation sector, with a focus on alternative fuels. I highlight key policy debates about the role of (a) natural gas as a "bridge" to a low carbon energy future and (b) third generation biofuels as a long-term energy solution. New metrics shed light on critical timing-related questions that current metrics gloss over. If natural gas is a bridge fuel, how long is this bridge? If algae biofuels are not commercially viable for the next twenty years, can they still provide a significant climate benefit? I simulate technology decisions using new metrics, and existing metrics like the Global Warming Potential (GWP), identifying the conditions where new metrics improve on existing methods as well as the conditions under which new metrics fail. I show that metrics of intermediate complexity, such as the CCI and ICI, provide a simple, reliable, and policy-relevant approach to technology evaluation and capture key features of the future climate system. I extend these insights to energy technologies in the electricity sector as well as a variety of environmental impact categories.
Download or read book Climate Risk and Adaptation in the Electric Power Sector written by Asian Development Bank and published by . This book was released on 2012 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change Adaptation and Green Finance written by Gisele Arruda and published by Taylor & Francis. This book was released on 2023-11-30 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents specific case studies of climate finance in the Arctic and examines how the green revolution could be a game changer in this sensitive region. Bringing together contributions from a range of experts in the field, Climate Change Adaptation and Green Finance assesses the costs of inaction versus the costs of action based on case study examples of climate finance and sustainable investment in the Arctic region. The authors draw on data from the Sixth Assessment Report published by the Intergovernmental Panel on Climate Change and respond with a solutions-based framework. This is developed around the notion of a new, carbon-neutral economy in the Arctic and presents methods for unlocking carbon finance and long-term climate investment in the region, such as finance for Arctic entrepreneurs and resilient sustainable investment structures. This volume also looks at the role of finance in meeting the United Nations Sustainable Development Goals and the ways in which innovation in investment will help shape the future of the Arctic. Climate Change Adaptation and Green Finance will be of great interest to students and scholars of climate change, sustainable finance, and sustainable business.
Download or read book Carbon Finance written by Sonia Labatt and published by John Wiley & Sons. This book was released on 2011-07-20 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Carbon Finance "A timely, objective, and informative analysis of the financial opportunities and challenges presented by climate change, including a thorough description of adaptive measures and insurance products for managing risk in a carbon constrained economy." —James R. Evans, M. Eng. P. Geo., Senior Manager, Environmental Risk Management, RBC Financial Group "Climate change will have enormous financial implications in the years to come. How businesses and investors respond to the risks and opportunities from this issue will have an enormous rippling effect in the global economy. Sonia Labatt and Rodney White's insights and thoughtful analysis should be read by all who want to successfully navigate this global business issue." —Andrea Moffat, Director, Corporate Programs, Ceres "In Carbon Finance, Labatt and White present a clear and accessible description of the climate change debate and the carbon market that is developing. Climate change is becoming an important factor for many financial sector participants. The authors illustrate how challenges and opportunities will arise within the carbon market for banking, insurance, and investment activities as well as for the regulated and energy sector of the economy." —Charles E. Kennedy, Director and Portfolio Manager, MacDougall, MacDougall & MacTier Inc. "Climate change is the greatest environmental challenge of our generation. Its impact on the energy sector has implications for productivity and competitiveness. At the same time, environmental risk has emerged as a major challenge for corporations in the age of full disclosure. Carbon Finance explains how these disparate forces have spawned a range of financial products designed to help manage the inherent risk. It is necessary reading for corporate executives facing challenges that are unique in their business experience." —Skip Willis, Managing Director Canadian Operations, ICF International "In this timely publication, Labatt and White succeed in communicating the workings of carbon markets, providing simple examples and invaluable context to the new and changing mechanisms that underpin our transformation to a carbon-constrained world. Carbon Finance will be the definitive guide to this field for years to come." —Susan McGeachie, Director, Innovest Strategic Value Advisors, Graduate Faculty Member, University of Toronto; and Jane Ambachtsheer, Principal, Mercer Investment Consulting, Graduate Faculty Member, University of Toronto
Download or read book How the Timing of Climate Change Policy Affects Infrastructure Turnover in the Electricity Sector written by Catherine Finlay Izard and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Climate Risk on the Energy System written by Amy Myers Jaffe and published by Council on Foreign Relations Press. This book was released on 2019-09-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.
Download or read book Efficiency and Equity of Climate Change Policy written by Carlo Carraro and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficiency and Equity of Climate Change Policy is a comprehensive assessment of the economic effects of climate change policy, addressing the issues with a quantitative modelling approach. The book thus goes beyond the usual statements on the efficiency of economic instruments to identify the way gains and losses are distributed; who gains and who loses. Both the costs and benefits of climate change policies are analyzed. Most papers also provide useful information on the economic features of the Kyoto Protocol, its possible extensions, and the effect of different implementation strategies (such as the debate on emissions trading ceilings). Readership: Scientists and policy makers, students and specialists in climate related industries, members of NGOs, and policy advisors.
Download or read book Climate Risk in the US Electric Utility Sector written by Andre Bertolotti and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the impacts of climate change on equity investments in US Electric Utilities by evaluating market reactions around extreme weather events. We hypothesize that investment risk from climate change is already present in the market and that extreme weather events evidence this risk through price and risk dislocations. From the geolocation of power plants, we build up the exposure of parent company securities to hurricanes, wildfires, floods, droughts and temperatures to arrive at a combined climate change exposure score. We find price reactions of up to 1.5% and rise in volatility of 6% in the 30-day period after a hurricane make landfall. We then determine the extreme weather exposure for each power plant location and aggregate these exposures to the publicly traded parent company for a climate risk exposure score.
Download or read book Energy Democracy written by Denise Fairchild and published by Island Press. This book was released on 2017-10-12 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The near-unanimous consensus among climate scientists is that the massive burning of gas, oil, and coal is having cataclysmic impacts on our atmosphere and climate. These climate and environmental impacts are particularly magnified and debilitating for low-income communities and communities of color. Energy democracy tenders a response and joins the environmental and climate movement with broader movements for social and economic change in this country and around the world. Energy Democracy brings together racial, cultural, and generational perspectives to show what an alternative, democratized energy future can look like. The book will inspire others to take up the struggle to build the energy democracy movement.
Download or read book Environmental Change and Globalization written by Robin Leichenko and published by Oxford University Press. This book was released on 2008-09-25 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explores the connections between two of the most transformative processes of the 21st century, global environmental change and globalization. It presents a conceptual framework for analyzing the interactions between these two processes.
Download or read book Three Essays on the Economics of Climate Change and the Electricity Sector written by Hong Thi-Dieu To and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This doctoral thesis contains three essays on the economics of climate change and the electricity sector. The first essay deals with the subject of greenhouse gas (GHG) emissions and economic growth. The second essay addresses the issues of climate change policies, especially the role of the emergent innovative technologies, and the restructuring of the electricity sector. The third essay presents a model of transmission investments in electric power networks. Chapter One studies the impacts of climate change on economic growth in the world economies. The paper contains explicit formalization of the depletion process of exhaustible fossil fuels and the phase of technology substitution. The impacts of climate change on capital flows and welfare across countries are also investigated. The restructuring of the electricity sector is studied in Chapter Two. It also analyzes how climate change policies can benefit from emergent innovative technologies and how emergent innovative technologies can lower GHG emissions. It is shown that the price of electricity is strictly rising before emergent innovative firms with zero GHG emissions enter the market, but strictly declining as the entry begins. In Chapter Three, a model of electricity transmission investments from the perspective of the regulatory approach is formulated. The Mid-West region of Western Australia, a sub-system of the South West Interconnected System is considered. In contrast with most models in the literature that deal only with network deepening, this model deals with both network deepening and network widening. Moreover, unlike the conventional investment models which are static and deal only with the long run, this model is dynamic and focuses on the timing of the infrastructure investments. The paper is a study of an optimal transmission investment program which is part of the optimal investment program for an integrated model in which investments in transmission and investments in generation are made at the same time.
Download or read book Global Vegetation Dynamics written by Dominique Bachelet and published by John Wiley & Sons. This book was released on 2015-09-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Vegetation Dynamics: Concepts and Applications in MC1 model describes the creation in the mid 1990s, architecture, uses, and limitations of the MC1 dynamic global vegetation model (DGVM) that is being used by an increasing number of research groups around the world. The scientific foundation of most models is often poorly documented and difficult to access, and a centralized source of information for MC1, including the complete list of over eighty papers and reports with MC1 results will be useful to scientists and users who want to better understand the model and the output it generates. Global Vegetation Dynamics: Concepts and Applications in MC1 model will be a valuable resource for students and researchers in the fields of climate change science, conservation science, biogeochemistry and ecology, as well as for land managers looking for a better understanding of the projections of climate change impacts and of the tools that have been developed to produce them.
