DESIGNING and PREPARING INTENDED NATIONALLY DETERMINED CONTRIBUTIONS (Indcs)

Total Page:16

File Type:pdf, Size:1020Kb

DESIGNING and PREPARING INTENDED NATIONALLY DETERMINED CONTRIBUTIONS (Indcs) DESIGNING AND PREPARING INTENDED NATIONALLY DETERMINED CONTRIBUTIONS (INDCs) KELLY LEVIN, DAVID RICH, YAMIL BONDUKI, MICHAEL COMSTOCK, DENNIS TIRPAK, HEATHER MCGRAY, IAN NOBLE, KATHLEEN MOGELGAARD, AND DAVID WASKOW WRI.ORG | UNDP.ORG TABLE OF CONTENTS 1 Foreword 3 Executive Summary 7 Introduction PART I: OVERVIEW OF INDC PREPARATION AND DESIGN 13 CHAPTER I Background on INDCs 17 CHAPTER 2 How can Parties organize a national process to prepare an INDC? 23 CHAPTER 3 What data and analysis can inform an INDC? 31 CHAPTER 4 What form can the INDC take? 37 CHAPTER 5 How can Parties communicate their INDC transparently? PART II: TECHNICAL GUIDANCE 45 CHAPTER 6 What options exist for the design of an INDC for mitigation? 75 CHAPTER 7 What options exist for the design of an INDC for adaptation? 87 CHAPTER 8 What means can Parties use to implement the INDC? 94 Annexes 105 Glossary 107 Acronyms 109 References 113 Endnotes 116 Acknowledgments FOREWORD The commitment of Parties to develop Intended While the Paris climate agreement might not Nationally Determined Contributions (INDCs) will address all actions necessary to prevent a climate form a key part of the climate agreement expected crisis, it must mark the turning point for how to be agreed in Paris in December 2015 at the 21st the global community commits to solutions and Conference of the Parties (COP) to the UN Framework concrete steps for global action. Convention on Climate Change (UNFCCC). INDCs will be foundational for the Paris As the impacts of climate change mount, the climate agreement, demonstrating countries’ urgency to take collective action has never been intent to decarbonize their economies and invest greater. Through coordinated global efforts, there in resilience. is still an opportunity to meet the two degree Celsius (2°C, or 3.6°F) goal necessary to avoid Countries’ INDCs could set in motion a virtuous dangerous climate change. Delaying action will and reinforcing set of decisions at the national be costly and can make achieving the 2°C goal and international level. With the right policies and almost impossible. incentives in place, private and public investment, new technologies, and greater innovation can The importance of tackling climate change is be unleashed to lower emissions, grow our clear. So is the opportunity that collective climate economies, eradicate poverty, and achieve action represents to drive sustainable development sustainable development for all. in all countries. It is our hope that this guidance helps Parties as Over the coming months, countries can take an they develop meaningful contributions toward important step toward realizing this opportunity solving one of the greatest global challenges of and putting the world on a sustainable path, our time, and supports countries to advance low through the development of strong INDCs and emissions and climate-resilient development. an ambitious global climate agreement at COP21. Helen Clark Andrew Steer Administrator President United Nations Development Programme World Resources Institute Designing and Preparing Intended Nationally Determined Contributions (INDCs) 1 2 WRI.org | UNDP.org EXECUTIVE SUMMARY As the world marches toward the UNFCCC Conference of the Parties (COP21) in December 2015, governments are determining what effort they will make to reduce emissions and address climate change. Countries are already in the midst of implementing commitments through 2020. Now they are turning their attention to preparing their commitments for the post-2020 period through pledges known as intended nationally determined contributions (INDCs). Designing and Preparing Intended Nationally Determined Contributions (INDCs) 3 Atmospheric concentrations of key greenhouse gases guidance and process-related considerations. It (GHG) are higher now than over the past 800,000 walks Parties through the choices they will face years (Global Carbon Project 2014). As a result in preparing and designing their INDCs, laid out of human activity, such as fossil fuel burning and in five general steps: identifying the benefits of an land-use change, greenhouse gas emissions have INDC, organizing the INDC process, identifying increased significantly since the pre-industrial era. The data and analysis to inform the INDC, designing human influence on the climate system is clear, and the INDC, and communicating the INDC. it is very likely the dominant cause of recent observed warming (IPCC 2013b). Identifying the Benefits of an INDC There are significant domestic and interna- In recent decades, anthropogenic GHG emissions tional benefits that can be realized through the have contributed to warming of the atmosphere and development and implementation of an INDC. ocean, changes in the global water cycle, reductions in Collectively, INDCs offer an opportunity to set the snowfall and icepacks, sea level rise, and changes in world on track toward the 2°C goal. Developing some climate extremes, among other impacts (IPCC and implementing INDCs can demonstrate 2013b). To avoid catastrophic impacts in the future, political commitment and help realize non-climate the United Nations Framework Convention on Climate benefits associated with mitigating climate Change (UNFCCC) has adopted a goal of limiting change. INDC preparation and implementation global warming to 2°C above pre-industrial levels. can also strengthen institutional and technical capacity, enhance policy integration, and inform As the key vehicle for governments to commu- key stakeholders. nicate internationally how they will cut emissions for the post-2020 period, INDCs allow countries to demonstrate leadership on addressing climate Organizing a National Process change. While climate change is a global challenge, to Prepare an INDC each country faces unique circumstances, including Parties are invited to communicate their INDC different emissions profiles and emissions- in advance of COP21 in December 2015. Given reduction opportunities, different risks from a the short timeframe available for the preparation changing climate, and different resource needs. of an INDC, building upon existing relevant Through their INDCs, countries can tailor their processes can help Parties prepare an INDC in contributions to their own national priorities, a timely manner. Ideally, INDC preparation can capabilities, and responsibilities. These individual help strengthen the integration of climate change measures can be the basis for collective action, and, into existing planning processes as well as if they are ambitious enough, set a path toward a strengthen institutional cooperation on climate low-carbon, climate-resilient future. change in a way that can be useful for future implementation. The process should also provide In 2014-2015, the United Nations Development legitimacy to the INDC. Programme (UNDP) and the UNFCCC convened a series of Regional Technical Dialogues on INDCs to While every national circumstance will be different, support countries in the process of preparing and several elements may prove helpful in preparing a putting forward their contributions. The countries that robust INDC through a consultative, efficient process: participated in those dialogues requested additional detailed guidance on INDC preparation; this guidance National leadership document responds to that request. It captures ideas ▪ shared during the dialogues, reflects the current state Clearly defined roles, responsibilities, of negotiations, and puts forward options for the ▪ and timeline preparation of INDCs based on research from recent literature and relevant UNFCCC documentation. Coordination ▪ Stakeholder engagement This document guides Parties on the preparation ▪ and design of INDCs, including detailed technical Ensuring the necessary resources and capacities ▪ 4 WRI.org | UNDP.org Identifying Data and Analysis Quantified outcomes can provide a better under- to Inform an INDC standing of future emissions reductions and emissions levels associated with the contributions, The development of an INDC should, in general, which, when aggregated, facilitate an assessment be informed by data and analysis regarding several of future global emissions.1 Quantified outcomes elements, including: also facilitate tracking of progress in achieving the INDC, offer more credibility when securing finance Internationally communicated pre-2020 and access to markets, and enhance comparability ▪ climate actions between Parties’ INDCs. Additionally, it is simpler to estimate the GHG effects of quantified outcomes National objectives and priorities ▪ than of actions. If a quantified outcome is chosen, it Current emissions profile of the country may also be beneficial for Parties to provide infor- ▪ mation on key actions that will be undertaken to Projected future emissions achieve the outcome, which can help other Parties ▪ understand how the contribution will be imple- Assessment of mitigation potential mented and achieved. ▪ Resource mobilization strategies ▪ At COP20, in December 2014, the Lima Call for Parties may already have sufficient data and Climate Action invited Parties to consider either analysis that can be used when preparing the communicating undertakings in adaptation or INDC, and collecting a significant amount of including an adaptation component in their INDCs. new data or conducting new analysis may not be Accordingly, some countries may choose to include necessary. Also, proxy data can help address data adaptation in their INDC. Developing countries may gaps that exist. furthermore choose
Recommended publications
  • Net Zero by 2050 a Roadmap for the Global Energy Sector Net Zero by 2050
    Net Zero by 2050 A Roadmap for the Global Energy Sector Net Zero by 2050 A Roadmap for the Global Energy Sector Net Zero by 2050 Interactive iea.li/nzeroadmap Net Zero by 2050 Data iea.li/nzedata INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Australia Brazil coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance the Ireland reliability, affordability Italy and sustainability of Japan energy in its Korea 30 member Luxembourg countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Please note that this publication is subject to Switzerland specific restrictions that limit Turkey its use and distribution. The United Kingdom terms and conditions are available online at United States www.iea.org/t&c/ This publication and any The European map included herein are without prejudice to the Commission also status of or sovereignty over participates in the any territory, to the work of the IEA delimitation of international frontiers and boundaries and to the name of any territory, city or area. Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword We are approaching a decisive moment for international efforts to tackle the climate crisis – a great challenge of our times.
    [Show full text]
  • Carbon Dioxide Removal Policy in the Making: Assessing Developments in 9 OECD Cases
    POLICY AND PRACTICE REVIEWS published: 04 March 2021 doi: 10.3389/fclim.2021.638805 Carbon Dioxide Removal Policy in the Making: Assessing Developments in 9 OECD Cases Felix Schenuit 1,2*, Rebecca Colvin 3, Mathias Fridahl 4, Barry McMullin 5, Andy Reisinger 6, Daniel L. Sanchez 7, Stephen M. Smith 8, Asbjørn Torvanger 9, Anita Wreford 10 and Oliver Geden 2 1 Center for Sustainable Society Research, University of Hamburg, Hamburg, Germany, 2 German Institute for International and Security Affairs (SWP), Berlin, Germany, 3 Crawford School of Public Policy, Australian National University, Canberra, ACT, Australia, 4 Department of Thematic Studies, Environmental Change, Centre for Climate Science and Policy Research, Linköping University, Linköping, Sweden, 5 Dublin City University, Dublin, Ireland, 6 Ministry for the Environment, Wellington, New Zealand, 7 Department of Environmental Science, Policy, and Management (ESPM), University of California, Berkeley, Berkeley, CA, United States, 8 Smith School of Enterprise and the Environment, Oxford University, Oxford, United Kingdom, 9 Center for International Climate Research (CICERO), Oslo, Norway, 10 Agribusiness and Economics Research Unit (AERU), Lincoln University, Christchurch, New Zealand Edited by: William C. Burns, Since the adoption of the Paris Agreement in 2015, spurred by the 2018 IPCC Special American University, United States Report on Global Warming of 1.5◦C, net zero emission targets have emerged as a Reviewed by: new organizing principle of climate policy. In this context, climate policymakers and Phillip Williamson, University of East Anglia, stakeholders have been shifting their attention to carbon dioxide removal (CDR) as United Kingdom an inevitable component of net zero targets. The importance of CDR would increase Charithea Charalambous, Heriot-Watt University, further if countries and other entities set net-negative emissions targets.
    [Show full text]
  • Science-Based Target Setting Manual Version 4.1 | April 2020
    Science-Based Target Setting Manual Version 4.1 | April 2020 Table of contents Table of contents 2 Executive summary 3 Key findings 3 Context 3 About this report 4 Key issues in setting SBTs 5 Conclusions and recommendations 5 1. Introduction 7 2. Understand the business case for science-based targets 12 3. Science-based target setting methods 18 3.1 Available methods and their applicability to different sectors 18 3.2 Recommendations on choosing an SBT method 25 3.3 Pros and cons of different types of targets 25 4. Set a science-based target: key considerations for all emissions scopes 29 4.1 Cross-cutting considerations 29 5. Set a science-based target: scope 1 and 2 sources 33 5.1 General considerations 33 6. Set a science-based target: scope 3 sources 36 6.1 Conduct a scope 3 Inventory 37 6.2 Identify which scope 3 categories should be included in the target boundary 40 6.3 Determine whether to set a single target or multiple targets 42 6.4 Identify an appropriate type of target 44 7. Building internal support for science-based targets 47 7.1 Get all levels of the company on board 47 7.2 Address challenges and push-back 49 8. Communicating and tracking progress 51 8.1 Publicly communicating SBTs and performance progress 51 8.2 Recalculating targets 56 Key terms 57 List of abbreviations 59 References 60 Acknowledgments 63 About the partner organizations in the Science Based Targets initiative 64 Science-Based Target Setting Manual Version 4.1 -2- Executive summary Key findings ● Companies can play their part in combating climate change by setting greenhouse gas (GHG) emissions reduction targets that are aligned with reduction pathways for limiting global temperature rise to 1.5°C or well-below 2°C compared to pre-industrial temperatures.
    [Show full text]
  • OECD Policy Brief: Cost-Effective Actions to Tackle Climate Change
    AUGUST 2009Policy Brief ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Cost-Effective Actions to Tackle Climate Change What is the Introduction economic rationale Governments around the world have reached consensus on the need to achieve for ambitious large cuts in greenhouse gas (GHG) emissions over the coming decades. They action against are working towards an international agreement on actions required to achieve climate change? these reductions at the Fifteenth Conference of the Parties (COP15) under the UN Framework Convention on Climate Change (UNFCCC) in Copenhagen at the How important is end of 2009. carbon pricing? Considering the costs and risks of inaction, taking action now, even in the What if not midst of a global economic crisis, makes good economic sense. Delaying all countries emission cuts would simply postpone the inevitable and undoubtedly require larger cuts at a later date, thus making it more costly than a more gradual participate? approach. In addition, there is an opportunity now to use the economic How will a stimulus packages that governments are putting in place to invest in global carbon innovative, clean technologies – which could both help stimulate the world’s struggling economies and also shift them onto a low-carbon growth path. market evolve? Given the magnitude of emission cuts required to stabilise GHG concentrations How do actions at an acceptable level, it is imperative that such action to mitigate climate compare across change is taken at the lowest cost. OECD analyses show that the cost of action countries? would be minimised if a cost-effective set of policy instruments, with a focus on carbon pricing, were applied as broadly as possible across all emission How can countries sources, including all countries, sectors, and greenhouse gases.
    [Show full text]
  • The Eu Ets Emissions Reduction Target and Interactions with Energy and Climate Policies
    CHAPTER THE EU ETS EMISSIONS REDUCTION TARGET AND INTERACTIONS WITH ENERGY AND CLIMATE POLICIES Authors: Matthieu JALARD, Lara DAHAN and Emilie ALBEROLA (I4CE – Institute for Climate 1 1 Economics), Sylvain CAIL and Kimon KERAMIDAS (ENERDATA) KEY MESSAGES • Introduction to the proposal for a revised EU ETS directive based on the European Council agreement - The -43% of CO2 emissions reduction EU ETS target and the linear reduction factor reduced at 2.2% from 2021 onwards correspond to a net additional reduction of 556 MtCO2e of the cumulative emissions cap by 2030. In addition, the European Council enforced in a binding EU target of at least 40% GHG reduction compared to 1990, a binding EU target of at least 27% Renewable Energy Sources (RES) in final energy, and an indicative EU target of at least 27% energy efficiency improvement compared to 2007 baseline - both without any binding targets for individual Member States. • In the EU 2020 energy & climate package, renewable energy policies account for a large share of emissions reductions but do not contributed significantly to the increasing surplus, in contrast to the impact of energy efficiency policies and offsets which were not factored into the cap - The surplus undermined the EUA price incentive which seems to have played a weak role, giving however a strong incentive for the 1.2 billion tons of CO2 emission reductions outside the EU ETS through Kyoto credits (CDM-JI). Steering technology developments in storage and demand response, together with more market based renewable supports and a targeted power market design are likely to enhance the ability of the EU ETS to drive emissions cost effectively in the power sector.
    [Show full text]
  • Accounting for Mitigation Targets in Nationally Determined Contributions Under the Paris Agreement
    www.oecd.org/environment/cc/ccxg.htm www.iea.org Climate Change Expert Group Paper No.2017(5) Accounting for mitigation targets in Nationally Determined Contributions under the Paris Agreement Christina Hood (IEA) and Carly Soo (OECD) October 2017 Organisation for Economic Co-operation and Development COM/ENV/EPOC/IEA/SLT(2017)5 Unclassified English - Or. English 31 October 2017 ENVIRONMENT DIRECTORATE INTERNATIONAL ENERGY AGENCY Accounting for mitigation targets in Nationally Determined Contributions under the Paris Agreement The ideas expressed in this paper are those of the authors and do not necessarily represent views of the OECD, the IEA, or their member countries, or the endorsement of any approach described herein. Christina Hood (IEA) and Carly Soo (OECD) JT03421922 This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. 2 COM/ENV/EPOC/IEA/SLT(2017)5 │ This document has been produced with the financial assistance of the European Union. The views expressed herein can in no way be taken to reflect the official opinion of the European Union. Copyright OECD/IEA, 2017 Applications for permission to reproduce or translate all or part of this material should be addressed to: Head of Publications Service, OECD/IEA 2 rue André-Pascal, 75775 Paris Cedex 16, France or 9 rue de la Fédération, 75739 Paris Cedex 15, France. Unclassified COM/ENV/EPOC/IEA/SLT(2017)5 3 │ Foreword This document was prepared by the OECD and IEA Secretariats in response to a request from the Climate Change Expert Group (CCXG) on the United Nations Framework Convention on Climate Change (UNFCCC).
    [Show full text]
  • Carbon Taxes Vs. Cap and Trade: a Critical Review
    NBER WORKING PAPER SERIES CARBON TAXES VS. CAP AND TRADE: A CRITICAL REVIEW Lawrence H. Goulder Andrew Schein Working Paper 19338 http://www.nber.org/papers/w19338 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 August 2013 We are grateful to Terry Dinan, Dennis Ellerman, David Harrison, Ken Judd, Suzi Kerr, Charles McLure, Gib Metcalf, Richard Newell, Paul Schwartz, Robert Stavins, Jon Strand, and Michael Wara for helpful suggestions and to Anuradha Sivaram and Xiaoling Zhou for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Lawrence H. Goulder and Andrew Schein. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Carbon Taxes vs. Cap and Trade: A Critical Review Lawrence H. Goulder and Andrew Schein NBER Working Paper No. 19338 August 2013 JEL No. H23,Q50,Q54 ABSTRACT We examine the relative attractions of a carbon tax, a “pure” cap-and-trade system, and a “hybrid” option (a cap-and-trade system with a price ceiling and/or price floor). We show that the various options are equivalent along more dimensions than often are recognized. In addition, we bring out important dimensions along which the approaches have very different impacts.
    [Show full text]
  • Reducing CO2 from Cars in the European Union: Emission Standards Or Emission Trading?1
    Reducing CO2 from Cars in the European Union: Emission Standards or Emission Trading?1 Sergey Paltsev2, Y.-H. Henry Chen, Valerie Karplus, Paul Kishimoto, John Reilly MIT Joint Program on the Science and Policy of Global Change, Massachusetts Institute of Technology, Cambridge, USA Andreas Loeschel University of Muenster and Centre for European Economic Research, Germany Kathrine von Graevenitz, Simon Koesler Centre for European Economic Research, Germany Abstract CO2 emissions mandates for new light-duty passenger vehicles have recently been adopted in the European Union (EU), which require steady reductions to 95 g CO2/km in 2021. Using a computable general equilibrium (CGE) model, we analyze the impact of the mandates on oil demand, CO2 emissions, and economic welfare, and compare the results to an emission trading scenario that achieves identical emissions reductions. We find that vehicle emission standards reduce CO2 emissions from transportation by about 50 MtCO2 and lower the oil expenditures by about €6 billion, but at a net added cost of €12 billion in 2020. Tightening CO2 standards further after 2021 would cost the EU economy an additional €24-63 billion in 2025 compared with an emission trading system achieving the same economy-wide CO2 reduction. We offer a discussion of the design features for incorporating transport into the emission trading system. 1 This paper is an extended version of the MIT Joint Program on the Science and Policy of Global Change Report 281 2 Corresponding Author: [email protected] 1. Introduction European Union legislation sets mandatory CO2 emissions reduction targets for new cars (EC, 2009). The legislation is based on the EU strategy for passenger cars and light commercial vehicles that is at once aimed at fighting climate change, reducing the EU reliance on imported fuels, and improving air quality (EC, 2007).
    [Show full text]
  • Emissions Trading Worldwide
    Emissions Trading Worldwide International Carbon Action Partnership (ICAP) Status Report 2017 Emissions Trading Worldwide International Carbon Action Partnership (ICAP) Status Report 2017 Editorial Team Marissa Santikarn, Alexander Eden, Lina Li, Johannes Ackva, William Acworth, Martina Kehrer, Oliver Lübker, Julia Melnikova, Mariza Montes de Oca, Kateryna Stelmakh, Charlotte Unger, Kristian Wilkening and Constanze Haug. Cite as ICAP. (2017). Emissions Trading Worldwide: Status Report 2017. Berlin: ICAP. The ICAP Secretariat expresses its gratitude to policymakers from the ICAP membership and further collaborators from the emis- sions trading field, who provided insightful, written contributions and carefully reviewed the report: Marco Aurélio dos Santos Araujo (Brazil), Jean-Yves Benoit (Québec), Chen Zhibin (Sinocarbon), Mary Jane Coombs (California), Matthew Cowie (New Zealand), Lynda Danquah (Canada), Sean Donavan (Mexico), Johannes Enzmann (European Commission), Victor Escalona (Mexico), Jason Hollett (Nova Scotia), Huang Xiaochen (Sinocarbon), Cécile Goubet (France), Huang Dayue (Chonqging Low Carbon Consulting), Ai Kaibu (Japan), Sun-Yeong Kim (Republic of Korea), Marat Latypov (Russia), Stéphane Legros (Québec), Pongvipa Lohsomboon (Thailand), Vivian Vieira de Macedo (Brazil), Anaïs Maillet (France), Akiko Miura (Tokyo Metropolitan Government), Antje Mosler (Switzerland), Nicolas Muller (UNFCCC), Sachiko Nakamura (Tokyo Metropolitan Government), Il-Young Oh (Republic of Korea), Megan O’Toole (Vermont), Heather Pearson (Ontario), Saul Pereyra (Mexico), Qian Guoqiang (Sinocarbon), Huy Luong Quang (Vietnam), Kathleen Rich (Canada), Juan Pedro Searle (Chile), Gulmira Sergazina (Kazkahstan), William Space (Massachusetts), Sophie Wenger (Switzerland), Tony Usibelli (Washington State), Zeren Erik Yasar (Turkey), Alfred Alexandre Yameogo (Québec), Olga Yukhymchuk (Ukraine) The ICAP Secretariat is grateful to the German Federal Ministry for Environment, Nature Conservation, Building and Nuclear Safety (BMUB) for funding this report.
    [Show full text]
  • Greenhouse Gas Emissions Trading
    International Rules for Greenhouse Gas Emissions Trading Defining the principles, modalities, rules and guidelines for verification, reporting and accountability UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT International Rules for Greenhouse Gas Emissions Trading Defining the principles, modalities, rules and guidelines for verification, reporting and accountability Tom Tietenberg, Michael Grubb, Axel Michaelowa, Byron Swift and ZhongXiang Zhang Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. The designation employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Material in this publication may be freely quoted or reprinted, but acknowledgement is requested, together with a reference to the document number. A copy of the publication containing the quotation or reprint should be sent to the UNCTAD secretariat. The views expressed in this publication are those of the authors and do not necessarily reflect the views of the UNCTAD secretariat. All references to dollars ($) are to United States dollars. UNCTAD/GDS/GFSB/Misc.6 Contents Page Overview ...................................................................................................................................5
    [Show full text]
  • Intended Nationally Determined Contributions: What Are the Implications for Greenhouse Gas Emissions in 2030? Policy Paper
    Intended nationally determined contributions: what are the implications for greenhouse gas emissions in 2030? Rodney Boyd, Joe Cranston Turner and Bob Ward Policy paper October 2015 ESRC Centre for Climate Change Economics and Policy Grantham Research Institute on Climate Change and the Environment 1 The Centre for Climate Change Economics and Policy (CCCEP) was established in 2008 to advance public and private action on climate change through rigorous, innovative research. The Centre is hosted jointly by the University of Leeds and the London School of Economics and Political Science. It is funded by the UK Economic and Social Research Council. More information about the ESRC Centre for Climate Change Economics and Policy can be found at: http://www.cccep.ac.uk The Grantham Research Institute on Climate Change and the Environment was established in 2008 at the London School of Economics and Political Science. The Institute brings together international expertise on economics, as well as finance, geography, the environment, international development and political economy to establish a world-leading centre for policy-relevant research, teaching and training in climate change and the environment. It is funded by the Grantham Foundation for the Protection of the Environment, which also funds the Grantham Institute for Climate Change at Imperial College London. More information about the Grantham Research Institute can be found at: http://www.lse.ac.uk/grantham/ The Authors Rodney Boyd is a Policy Analyst and Research Advisor to Nicholas Stern at the Grantham Research Institute on Climate Change and the Environment and ESRC Centre for Climate Change Economics and Policy at London School of Economics and Political Science.
    [Show full text]
  • Briefing: CO2 Standards for New Cars and Vans
    Briefing EU Legislation in Progress CONTENTS Background Introduction CO2 standards for new cars and vans Context Existing situation In November 2017, the European Commission adopted a proposal for a regulation on Parliament’s starting reducing CO emissions from new passenger cars and light commercial vehicles (vans). position 2 The proposed measures and targets are aligned with the 2030 climate and energy Proposal framework and with the energy union strategy, which envisages a reduction in transport emissions and energy consumption. The Commission sets new targets for the EU fleet- Preparation of the proposal wide average CO2 emissions of new passenger cars and vans. Average CO2 emissions The changes the from new passenger cars and vans registered in the EU would have to be 15 % lower in proposal would 2025, and 30 % lower in 2030, compared to their respective limits in 2021. The proposal bring includes a dedicated incentive mechanism for zero- and low-emission vehicles, in order to accelerate their market uptake. Views Advisory Interinstitutional trilogue negotiations concluded in December with an agreement committees setting a 37.5 % CO2 reduction target for new cars by 2030, and a 31 % target for new National vans. Parliament approved the agreed text on 27 March 2019. The regulation was parliaments published in the Official Journal on 25 April 2019. It entered into force on 15 May 2019 Stakeholders’ views and will apply from 1 January 2020. Legislative process Proposal for a regulation of the European Parliament and of the Council
    [Show full text]