The central objective set by the Paris Agreement to limit global warming to well below 2°C, preferably 1.5°, compared to pre-industrial levels, also required countries to create plans for action, known as nationally determined contributions (NDCs). The United Nations Environment Program’s (UNEP) Emissions Gap Report notes that current NDCs are highly insufficient and make it likely that warming will exceed 1.5° while making it harder to limit warming to below 2° after 2030. The results of the next global stocktake will help governments understand the emissions gap in achieving the Paris Agreement goals and facilitate more ambitious NDCs in the next round of climate change deliberations.
Read MoreAs Mission Innovation (MI) prepares for its Annual Gathering later this month, the Climate Policy Lab has launched a new, expansive global dataset on RD&D expenditures. The data appear as an interactive visualization of annual public investments in energy research, development, and demonstration (RD&D) across 39 countries since 2000. This visualization is the culmination of a major effort to provide a global picture of energy RD&D investments based on the review of local documents. We aim to improve the accessibility of these important RD&D data so that everyone can better understand how much countries spend in this critical area of technological innovation.
Read MoreIn the final hours of global climate talks at Sharm El-Sheik, Egypt, 80 developed and developing nations backed a call for the final agreement to include language affirming the wind down of fossil fuel use. The suggested text was opposed by major oil and gas producers, notably Saudi Arabia, which argued that carbon capture and storage (CCS) is a viable emissions reduction solution that can eliminate emissions from continued oil and gas production and consumption. Saudi Arabia took the occasion of the twenty-seventh Conference of the Parties (COP27) to unveil its plans to host the world’s largest CCS hub, led by its state-owned oil and gas firm Saudi Aramco, in what it termed “the circular carbon economy.”
Read MoreClimate Policy Lab postdoctoral scholar Zdenka Myslikova discusses the conversations at COP26 surrounding funding climate solutions and clean energy technology.
Read MoreFletcher School postdoctoral scholar Zdenka Myslikova maps out the case for private-public partnerships to accelerate the energy innovation process in the United States, citing examples from the United Kingdom and Chile.
Read MoreIt’s been over ten years since the 2009 financial crisis economic stimulus packages targeted clean energy companies and today’s headlines highlight the payoff. Clean energy companies outperformed the S&P 500 in 2019 and looks poised to payout even more to investors in 2020. Tesla received a $465 million federal loan during the U.S. 2009 stimulus to design electric vehicles and begin manufacturing and its market capitalization surpassed that of ExxonMobil earlier this year. Tesla is not the exception to the rule. A comprehensive study of the US Department of Energy’s SBIR grant program found that the awards led to positive impacts on patenting and revenue innovative companies.
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