Tyndall Centre Briefing Note 40
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The Economics of the Green Investment Bank: Costs and Benefits, Rationale and Value for Money
The economics of the Green Investment Bank: costs and benefits, rationale and value for money Report prepared for The Department for Business, Innovation & Skills Final report October 2011 The economics of the Green Investment Bank: cost and benefits, rationale and value for money 2 Acknowledgements This report was commissioned by the Department of Business, Innovation and Skills (BIS). Vivid Economics would like to thank BIS staff for their practical support in the review of outputs throughout this project. We would like to thank McKinsey and Deloitte for their valuable assistance in delivering this project from start to finish. In addition, we would like to thank the Department of Energy and Climate Change (DECC), the Department for Environment, Food and Rural Affairs (Defra), the Committee on Climate Change (CCC), the Carbon Trust and Sustainable Development Capital LLP (SDCL), for their valuable support and advice at various stages of the research. We are grateful to the many individuals in the financial sector and the energy, waste, water, transport and environmental industries for sharing their insights with us. The contents of this report reflect the views of the authors and not those of BIS or any other party, and the authors take responsibility for any errors or omissions. An appropriate citation for this report is: Vivid Economics in association with McKinsey & Co, The economics of the Green Investment Bank: costs and benefits, rationale and value for money, report prepared for The Department for Business, Innovation & Skills, October 2011 The economics of the Green Investment Bank: cost and benefits, rationale and value for money 3 Executive Summary The UK Government is committed to achieving the transition to a green economy and delivering long-term sustainable growth. -
Labour's Zero-Based Review
Labour’s Zero-Based Review Interim Report Number 15: Department for Energy and Climate Change Labour’s Zero-Based Review Interim Report No.15 DEPARTMENT FOR ENERGY AND CLIMATE CHANGE FOREWORD The leader of the Labour Party, Ed Miliband, and the Shadow ChanCellor, Ed Balls, have made Clear that departmental budgets will be cut not only in 2015-16, but each year until we have achieved our promise to balanCe the books. Across every part of the Department of Energy and Climate Change (DECC), we need to take a tighter approach to finanCial management of taxpayers’ money, and reform the framework within which the energy market operates so that it is fair for bill payers. Under the Tory’s failing plan, energy bills have risen, and energy Companies have failed to pass on falling wholesale Costs. Record numbers of families with children Cannot afford to heat their homes. Investors face unCertainty and indeCision about the future of our energy system. And the mismanagement of taxpayers’ money, such as through the Government’s poor-value Green Deal Home Improvement Fund, and the NuClear Decommissioning Authority’s budget, have seen tens of millions of pounds wasted. Britain needs a government that will stand up to the energy Companies to deliver fairer prices and a better deal for bill payers. A government that is serious about tackling the sCandal of fuel poverty and cold homes. And a government that is putting in place the vital reforms neCessary for investment in the low Carbon future of our energy system, and to deliver value for money for the taxpayer. -
The Performance of the Department of Energy & Climate Change 2012-13
DEPARTMENTAL OVERVIEW The performance of the Department of Energy & Climate Change 2012-13 NOVEMBER 2013 Our vision is to help the nation spend wisely. Our public audit perspective helps Parliament hold government to account and improve public services. The National Audit Office scrutinises public spending for Parliament and is independent of government. The Comptroller and Auditor General (C&AG), Amyas Morse, is an Officer of the House of Commons and leads the NAO, which employs some 860 staff. The C&AG certifies the accounts of all government departments and many other public sector bodies. He has statutory authority to examine and report to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Our studies evaluate the value for money of public spending, nationally and locally. Our recommendations and reports on good practice help government improve public services, and our work led to audited savings of almost £1.2 billion in 2012. Contents Introduction Aim and scope of this briefing 4 Part One About the Department 5 Part Two Recent NAO work on the Department 24 Appendix One The Department’s sponsored bodies at 1 April 2013 29 Appendix Two Results of the Civil Service People Survey 2012 30 Appendix Three Publications by the NAO on the Department since April 2011 32 Appendix Four Cross-government reports of relevance to the Department since April 2011 34 Links to external websites were valid at the time of publication of this report. The National Audit Office is not responsible for the future validity of the links. -
The Use of Scenario Analysis in Disclosure of Climate-Related Risks and Opportunities
Technical Supplement The Use of Scenario Analysis in Disclosure of Climate-Related Risks and Opportunities June 2017 Recommendations of the Task Force on Climate-related Financial Disclosure i Contents A Introduction .................................................................................................................................................... 1 B Scenario Analysis ........................................................................................................................................... 2 1. Why is Scenario Analysis Useful? ................................................................................................................................ 2 2. What Is a Scenario? ....................................................................................................................................................... 2 3. How are Organizations Using Climate-Related Scenario Analysis? ........................................................................ 3 C Developing and Applying Scenario Analysis ............................................................................................... 4 1. Considerations for Building Climate Change into Scenario Analysis ..................................................................... 5 2. Analytical Choices in Scenario Analysis ...................................................................................................................... 8 3. Tools and Data ........................................................................................................................................................... -
Creating a National Citizen Engagement Process for Energy Policy
Creating a national citizen engagement process for energy policy Nick Pidgeona,1, Christina Demskia, Catherine Butlerb, Karen Parkhillc, and Alexa Spenced aUnderstanding Risk Research Group, Tyndall Centre and Climate Change Consortium of Wales, School of Psychology, Cardiff University, Wales CF10 3AT, United Kingdom; bGeography Department, The University of Exeter, Exeter EX4 4RJ, United Kingdom; cSchool of Environment, Natural Resources, and Geography, Bangor University, Wales LL57 2UW, United Kingdom; and dHorizon Digital Economy Research and School of Psychology, The University of Nottingham, Nottingham NG7 2TU, United Kingdom Edited by Baruch Fischhoff, Carnegie Mellon University, Pittsburgh, PA, and accepted by the Editorial Board June 12, 2014 (received for review December 11, 2013) This paper examines some of the science communication chal- involved and on the promise and perils of scientific progress. In lenges involved when designing and conducting public delibera- this respect people often focus less on the technology or science tion processes on issues of national importance. We take as our per se, than on the social context within which it is to be illustrative case study a recent research project investigating deployed, including complex arguments about the regulatory or public values and attitudes toward future energy system change governance conditions surrounding the application of science. for the United Kingdom. National-level issues such as this are However, designing successful deliberative fora is not a simple often particularly difficult to engage the public with because of matter, and in this paper we outline a series of interlinked sci- their inherent complexity, derived from multiple interconnected ence communication challenges associated with conducting elements and policy frames, extended scales of analysis, and public deliberation on national-level topics. -
Summary for Policymakers. In: Global Warming of 1.5°C
Global warming of 1.5°C An IPCC Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty Summary for Policymakers Edited by Valérie Masson-Delmotte Panmao Zhai Co-Chair Working Group I Co-Chair Working Group I Hans-Otto Pörtner Debra Roberts Co-Chair Working Group II Co-Chair Working Group II Jim Skea Priyadarshi R. Shukla Co-Chair Working Group III Co-Chair Working Group III Anna Pirani Wilfran Moufouma-Okia Clotilde Péan Head of WGI TSU Head of Science Head of Operations Roz Pidcock Sarah Connors J. B. Robin Matthews Head of Communication Science Officer Science Officer Yang Chen Xiao Zhou Melissa I. Gomis Science Officer Science Assistant Graphics Officer Elisabeth Lonnoy Tom Maycock Melinda Tignor Tim Waterfield Project Assistant Science Editor Head of WGII TSU IT Officer Working Group I Technical Support Unit Front cover layout: Nigel Hawtin Front cover artwork: Time to Choose by Alisa Singer - www.environmentalgraphiti.org - © Intergovernmental Panel on Climate Change. The artwork was inspired by a graphic from the SPM (Figure SPM.1). © 2018 Intergovernmental Panel on Climate Change. Revised on January 2019 by the IPCC, Switzerland. Electronic copies of this Summary for Policymakers are available from the IPCC website www.ipcc.ch ISBN 978-92-9169-151-7 Introduction Chapter 2 ChapterSummary 1 for Policymakers 6 Summary for Policymakers Summary for Policymakers SPM SPM Summary SPM for Policymakers Drafting Authors: Myles R. -
Climate Change and Democratic Representation Can Select Committees Influence a Company’S Environmental, Social and Governance Credentials?
Climate Change and Democratic Representation Can Select Committees influence a company’s environmental, social and governance credentials? Stanley Kwong 2 Executive Summary The House of Commons Select Committees (Committees) are a group of MPs from different political parties tasked with examining policy issues, holding the government and companies to account, and making proposals for new laws. An area where Committee assertiveness is particularly evident is in relation to topics concerning sustainability. This is in part driven by large scale environmental disasters that warranted Committee investigation. For example, inquiries concerning BP’s oil rig catastrophe (by the Energy and Climate Change Committee) and Volkswagen’s diesel emissions scandal (by the Environmental Audit Committee) drew widespread public and media interest. Public awareness on climate change issues has further elevated Committee work in this area, with a particular emphasis on scrutinising companies that hold poor sustainability practices that affect wider society. From an economic perspective this is typical of a negative externality, with Professor Stern (2008) calling global warming ‘the greatest market failure of all time’. However, the climate crisis may be more pronounced than a solely economic failure. In particular, it may also highlight fundamental deficiencies and systemic failures in the governance of liberal democracies. In this context, the emergence of mechanisms of deliberative democracy, such as the Climate Assembly UK, have grown in popularity as formats that aim to cultivate citizen representation and participation. Nevertheless, the public continue to look to elected representatives for action, particularly on the gap that remains on private sector company oversight. This is where the Committees’ distinctive investigative approach can be a key component in driving forward the climate dialogue, by adding a unique layer of public and investigative pressure on companies. -
Climate Change Adaptation and Development: Exploring the Linkages �
Climate Change Adaptation and Development: Exploring the Linkages � E. Lisa F. Schipper July 2007 Tyndall Centre for Climate Change Research Working Paper 107 Climate Change Adaptation and Development: Exploring the Linkages E. Lisa F. Schipper Tyndall Centre for Climate Change Research School of Environmental Sciences University of East Anglia Norwich NR4 7TJ UK and South East Asia START Regional Centre Bangkok, Thailand Email: [email protected] Tyndall Centre Working Paper No.107 July 2007 Please note that Tyndall working papers are "work in progress". Whilst they are commented on by Tyndall researchers, they have not been subject to a full peer review. The accuracy of this work and the conclusions reached are the responsibility of the author(s) alone and not the Tyndall Centre. Manuscript has also been submitted to a peer-reviewed journal 1 Summary Successful human societies are characterised by their adaptability, evidenced throughout human existence. However, climate change introduces a new challenge, not only because of the expected rise in temperature and sea-levels, but also due to the current context of failure to address the causes of poverty adequately. As a result, policy supporting adaptation has been cast as a necessary strategy for responding to both climate change and supporting development, making adaptation the focus of much recent scholarly and policy research. This paper addresses this new adaptation discourse, arguing that work on adaptation so far has focused on responding to the impacts of climate change, rather than sufficiently addressing the underlying factors that cause vulnerability. While there is a significant push all around for adaptation to be better placed in development planning, the paper finds this to be putting the cart before the horse. -
No2nuclearpower 1 1. Sellafield
No2NuclearPower No.59 February 2014 1. Sellafield - poor progress, missed targets, escalating costs, slipping deadlines and weak leadership 2. Plutonium – no clear strategy 3. European Commission State Aid Investigation 4. European Targets 5. Horizon – GDA 6. NuGen – an AP1000 in 4 years? 7. Day of the Jellyfish 8. NDA’s intermediate-level waste plans 9. Waste Transport 10. ECO disaster 11. Solar Prospects 12. Nuclear Innovation nuClear news No.59, February 2014 1 No2NuclearPower 1. Sellafield - poor progress, missed targets, escalating costs, slipping deadlines and weak leadership Nuclear Management Partners – the consortium overseeing the clean-up of Sellafield – should have their contract terminated if performance does not improve, says Margaret Hodge, Chair of the House of Commons Public Accounts Committee (PAC). The bill for cleaning up Sellafield has risen to more than £70bn, according to a report from the public accounts committee. A new report (1) from the Committee says progress has been poor, with missed targets, escalating costs, slipping deadlines and weak leadership. The MPs made a series of recommendations focusing on the role of Nuclear Management Partners (NMP). The report concluded that the consortium was to blame for many of the escalating costs and the MPs said they could not understand why the NDA extended the consortium's contract last October. (2) Damning criticism of the consortium was also revealed in a series of hostile letters written by John Clarke, head of the NDA. Mr Clarke accused Nuclear Management Partners (NMP) of undermining confidence and damaging the entire project’s reputation, as well as criticising Tom Zarges, the consortium chairman, of setting “unduly conservative” targets. -
MCA Climate Action Plan
13 51 6 Al Sb C Aluminium Solar cells Antimony Carbon 27 29 79 Co Cu Au Cobalt Copper Gold Batteries 26 3 25 Fe Li Mn Hydrogen Iron Lithium Manganese 12 28 41 Mg Ni Nb Magnesium CCUS Nickel Niobium 50 92 30 Sn U Zn Tin Uranium Zinc EV & hybrids Nuclear Mineral Wind Rare earth energy sands energy elements Copyright © 2020 Minerals Council of Australia CLIMATE ACTION PLAN PREAMBLE minerals.org.au Supporting ongoing climate action by Australia’s minerals industry The MCA and all of its Sustained climate action across all nations is 4. Accelerated development of the This 2020-2023 plan furthers the minerals well as taking a lead on commodity stewardship required to reduce the risks of human-induced minerals required for a low emissions sector’s public commitment to addressing looking at global procurement practices, circular members are taking serious climate change and to support world-wide future including aluminium, copper, nickel, climate change on an ongoing basis consistent economy, and traceability of commodities action on climate change decarbonisation as we transform to a lower zinc, iron, uranium, base metals, lithium, with the MCA’s climate statement. It outlines a through their lifecycle. emissions future. minerals sands, and rare earths series of actions focused on three key themes: and are committed to the Practical and cost-effective options are already Our sector improves the lives of millions of 5. Global and domestic partnerships 1. Support developing technology pathways to being developed and put into action across the Paris Agreement and its goal people in Australia and overseas through the with governments, regulators, customers, achieve significant reductions in Australia’s minerals value chain. -
Department of Energy & Climate Change Short Guide
A Short Guide to the Department of Energy & Climate Change July 2015 Overview Decarbonisation Ensuring security Affordability Legacy issues of supply | About this guide This Short Guide summarises what the | Contact details Department of Energy & Climate Change does, how much it costs, recent and planned changes and what to look out for across its main business areas and services. If you would like to know more about the NAO’s work on the DECC, please contact: Michael Kell Director, DECC VfM and environmental sustainability [email protected] 020 7798 7675 If you are interested in the NAO’s work and support The National Audit Office scrutinises public spending for Parliament and is independent of government. The Comptroller and Auditor General for Parliament more widely, please contact: (C&AG), Sir Amyas Morse KCB, is an Officer of the House of Commons and leads the NAO, which employs some 810 people. The C&AG Adrian Jenner certifies the accounts of all government departments and many other Director of Parliamentary Relations public sector bodies. He has statutory authority to examine and report [email protected] to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Our 020 7798 7461 studies evaluate the value for money of public spending, nationally and locally. Our recommendations and reports on good practice For full iPad interactivity, please view this PDF help government improve public services, and our work led to Interactive in iBooks or GoodReader audited savings of £1.15 billion in 2014. -
The Challenge of Communicating Unwelcome Climate Messages
The challenge of communicating unwelcome climate messages Dr Tim Rayner & Mr Asher Minns November 2015 Tyndall Centre for Climate Change Research Working Paper 162 The challenge of communicating unwelcome climate messages The Tyndall Centre, University of East Anglia Tim Rayner - University of East Anglia [email protected] Asher Minns - University of East Anglia [email protected] Tyndall Working Paper 162, November 2015 Please note that Tyndall working papers are "work in progress". Whilst they are commented on by Tyndall researchers, they have not been subject to a full peer review. The accuracy of this work and the conclusions reached are the responsibility of the author(s) alone and not the Tyndall Centre. Tyndall Working Paper The Challenge of Communicating Unwelcome Climate Messages Tim Rayner Tyndall Centre for Climate Change Research, University of East Anglia Asher Minns Tyndall Centre for Climate Change Research, University of East Anglia Contents Preface .................................................................................................................................................... 2 Executive summary ................................................................................................................................. 3 1. Introduction: What unwelcome messages do we have to convey? ................................................... 4 2. To which ‘audiences’ are these unwelcome messages most relevant? ............................................. 7 3. The risks and opportunities of communicating