World Bank and Other MDBs Need to Tackle Rich Country GHG Emissions to Support Development

The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by the new U.S. administration and is also supported by developing country experts. Yet, the reality remains that greenhouse gas emissions (GHG) from fossil fuels, and specifically the climate change they induce, can severely undermine multilateral development bank projects and overall developing country growth prospects.

The Challenge of the “Carbon Aristocracy”

For centuries, innumerable countries were ruled by an entrenched, typically inherited, political class: the “aristocracy.” The term comes from the Ancient Greek words “aristos”, meaning best, and “kratia,” meaning power. As a result of long and hard-fought democratic struggles, these aristocracies have largely dwindled worldwide (albeit, not everywhere).

Tripling Renewables Powered by State-Owned Power Companies and Utilities

The climate community, meeting this week once again on the margins of the UN General Assembly, is continuing to explore ways to triple the world’s installed renewable generation capacity by 2030, a target agreed at last year’s COP 28 international climate negotiations. Much of this discussion has been about mobilizing finance and otherwise getting the private sector, with its massive resources and competence, to step up to the challenge … and what government policies and incentives are needed to spur more investment.

AI Policy Can’t Ignore Climate Change: We Need Net Zero AI Emissions

Artificial intelligence provides amazing potential for advancement across fields, from medicine to agriculture to industry to the entertainment business, even as it generates significant concerns. AI can also improve the efficiency of energy production and use in ways that can reduce greenhouse gas emissions.

The US Must Address More Than LNG To Mitigate Climate Change

Earlier this year, the Biden administration paused action on pending approvals for U.S. liquefied natural gas exports to countries without a U.S. free-trade agreement, with President Biden citing ”the urgency of the climate crisis.” The decision was hailed by climate activists and criticized by oil and gas industry representatives.

LPG, a Useful “Transitional” Fuel for the UN’s Clean Cooking Effort

One of the key efforts under the United Nations (UN) Sustainable Development Goals is to provide poor households with access to clean cooking technologies to replace, in particular, the burning of solid biomass (e.g., fuelwood and charcoal) in traditional open stoves that kills millions of women and children.

Women Biomass Producers: Energy’s Largest and Largely Invisible Workforce

The International Energy Agency (IEA) held its annual ministers meeting last week in Paris, marking the 50^th anniversary of the world’s leading energy organization. Critical topics on the agenda included energy security issues linked to Russia’s invasion of Ukraine and geopolitical tensions in the Middle East, as well as advancing a clean energy transition to meet global climate change goals.

From ‘Peak Oil’ to ‘Peak Energy’? … and Why It Matters

The International Energy Agency now projects oil, gas, and coal use will all peak this decade. This constitutes a dramatic shift from the last 150 years when the thirst for fossil fuels persistently rose. But now this growth is nearing its end sooner than many expected, driven in part by a surge in renewables.

Revisiting the Water-Energy Nexus for a Changing Climate

The Colorado river basin has recently been wracked by an extended drought which brought to the fore major concerns regarding hydroelectricity production. Up on the Colorado sits the iconic Hoover Dam, which transforms water into enough electricity to power 1.3 million people in Nevada, Arizona and California.

Leveraging Africa’s Renewable Energy Potential: A Call for Global Partnership

Africa is caught in the crosshairs of climate change. Despite contributing just 3-5% of global carbon dioxide emissions, the continent will endure climate change’s destructive impact, including more severe storms, rising temperatures and erratic rainfall in the years ahead that threaten the well-being of hundreds of millions of people.

Invisible Women in Energy: Millions of Household Biomass Producers

An estimated 2.4 billion people currently lack access to clean cooking fuels, with the majority relying on biomass (firewood, charcoal, dung) to meet household cooking needs. This is only a slight decrease from 2017, when 2.5 billion people lacked access to clean cooking fuels.

Mobilizing Private Capital for Adaptation: the Silent Climate Need

In the climate change discourse, “mitigation” (namely, reducing greenhouse gas emissions) often dominates. This is particularly true when the discussion turns to the mobilization of the massive amounts of private capital needed to achieve our climate objections. But “adaptation” — namely, action to respond to the impacts of climate change that are already happening, as well as prepare for future impacts — also faces large funding needs.

A Plan for the Gulf States to Power a Low-Emissions Revolution

This year’s United Nations Climate Change Conference, COP 28, will be hosted by the United Arab Emirates, which, together with its Gulf neighbors, enjoys abundant solar, natural gas and financial resources. At the same time, many poorer countries are struggling to generate the additional affordable electricity they need to power their development — especially as wealthier nations halted their overseas financing for high-emitting coal power plants.

BP’s Shift ‘Back to Petroleum’ Prods Consideration of a Climate Oil Price Cap

BP, the oil company that previously brought us “Beyond Petroleum” and more recently robust corporate climate goals, has announced a return in emphasis to its traditional business of producing oil. Drawn by the inescapable appeal of oil’s latest high profits, has BP rebranded itself as “Back to Petroleum?”

Why U.S.-Africa Relations — and Africa — Matter More Now Than Ever

 President Biden and leaders of 49 invited African countries and the African Union met in Washington last month for the U.S.-Africa Leaders Summit — a meeting that all parties hope will launch a strengthened partnership to deliver benefits for the peoples of both the U.S. and Africa.  

Early Coal Retirement: How about a Global Auction

Report after report highlights that we can only achieve the greenhouse gas (GHG) emission reductions required by the climate goals of the Paris Agreement if much of the existing coal power generation capacity is retired early.  To this end, one concept that deserves greater consideration is conducting an auction for early retirement of coal power plants worldwide: a global coal retirement auction. This article sets out the broad outlines of how this global auction might operate.

How China Can Retire Coal Early in Pakistan and Elsewhere Through the BRI

With COP 27 approaching, pressure is mounting on wealthy countries to increase their support to poorer ones in the face of climate change. The recent floods in Pakistan have amplified this issue.  China, as the world’s second largest economy, will similarly face increasing pressure to help other developing countries on climate. 

Pakistan Flooding Shows ‘Adapting’ to Climate Change Can Be a Dangerous Illusion

One third of Pakistan is now under water. The scope of the destruction is difficult to fathom, not just the enormity of the devastation its people are facing today, but also the damage to its infrastructure, its buildings, and its economy that will weigh heavily on the country for months and even years to come.

Biden Should Add Development to the Next Summit for Democracy – and Convene a Development Summit

U.S. President Biden just hosted The Summit for Democracy to demonstrate the advantages of democracy in the global competition with authoritarian regimes. The U.S. can succeed in this competition by demonstrating to the people of developing countries (i.e., the vast majority of the world’s population) how coupling democracy and development is the best course to improve their lives.

Clean Energy Alone Won’t Uplift Impoverished Nations — We Must Invest in People

Last month, at the COP 26 climate conference in Glasgow, a consortium of philanthropies, led by The Rockefeller Foundation, announced a massive program to fund renewable electricity projects for impoverished people in developing countries.