Fossil fuel industries still have an unfair advantage in South Africa: the economy externalises the costs of carbon emissions, the state subsidises the biggest emitters, and financial institutions still invest in high-carbon industries. How can the country level the playing fields for a greener economy? Leonie Joubert takes a look
In the run-up to the EU elections, German Environmental Minister Svenja Schulze has now said that she supports French President Macron’s climate plan, including a floor price for carbon. And Chancellor Merkel has now joined her in calling for “carbon net neutrality” by 2050. But the market can’t fix everything, says Craig Morris.
Exhibiting the fastest growth among all fuels in the electricity sector, renewables are about to fundamentally change the energy system. This change is hoped to bring about important social and economic co-benefits, including sustainable and affordable energy for all, green job opportunities, and increased human health and wellbeing. But there may also be some fundamentally political implications of the low carbon shift. This is what a high level group of global leaders was tasked to look into, the result of which was published in their recent report titled A New World The Geopolitics of the Energy Transformation, published by IRENA, the international renewable energy agency. Three authors of the IASS Potsdam reviewed it:
South Africa’s electricity sector has emerged from a turbulent decade that has been tarnished by corruption and mismanagement. Vested political interests within the electricity industry here could still be locking the continent’s biggest carbon emitter on its current course as one of the dirtiest and most energy-intensive economies in the world, writes Leonie Joubert.
The German Coal Commission has recommended that all coal be phased out by 2038. But this trajectory won’t be quick enough to meet the goals of the 2015 Paris Agreement, says L. Michael Buchsbaum.
In response to the Trump administration’s massive rollback of environmental regulations, citizens across the US have put forth ballot initiatives to restrict carbon emissions, stop fracking, and encourage renewable energy development. L. Michael Buchsbaum goes in-depth.
Recent revival of the European carbon market has brought some optimism to those, who would like to see lignite disappear from the European energy mix altogether.