The London School of Economics and Political Science
Samuela Bassi and Dimitri Zenghelis
Centre for Climate Change Economics and Policy
Grantham Research Institute on Climate Change and
However, the case for lowering the ambition of climate change efforts, as a weakening of the Fourth Carbon Budget would imply, is not justified by competitiveness concerns, not least because of the negative impacts this would have on some of the economy’s fastest growing and most promising and innovative sectors. Uncertainty about the future climate policy framework could potentially cost jobs and affect growth, especially in the current macroeconomic environment. (end of paper)
(Dean Soumitra Dutta Johnson, Cornelll University, is one of the academic members)
Professor Michael McElroy is a leader in the fields of atmospheric science and climate change. In 2001, he was appointed to lead the Harvard University Center for the Environment, and to lead an interdisciplinary study on the implications of China’s rapid industrial development for the local, regional and global environment. Professor McElroy has worked closely with Chinese scientists in the last 10 years.Dr Fung spoke with Professor McElroy at FGI’s Enabling Asia’s Future: Hear from the World’s Leading Thinkers public seminar on May 5, 2014. In Part One of a Three-part series, Dr Fung and Professor McElroy discuss Climate Change, Realities and Responses.
Q1: How should we think about climate change, air quality and energy security? Do these problems belong in separate silos? What is the inter-relationship between all these factors?
I think that all these issues are inextricably coupled, and I would add public health and perhaps political security to that mix as well...
I really think it makes more sense to get the big guys to work together.
Authors: Kock, Carl J. Santaló, Juan Diestre, Luis
Journal of Management Studies; May2012, Vol. 49 Issue 3, p492-514, 23p, 2 Charts
Abstract:We build on a stakeholder-agency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system determine firms' environmental performance levels. These results suggest that these different governance mechanisms resolve, to some extent, the existing divergence of interests between stakeholders and managers with respect to environmental activities. [ABSTRACT FROM AUTHOR]
Brrroooommm https://t.co/Vigi7c28td— Pau Garcia-Milà (@pau) June 14, 2014
en.wikipedia.org/wiki/Tesla_Model_S - It scored a perfect 5.0 NHTSA safety rating
4 Apr 2014
The Tesla Model S is the most important car Top Gear has tested. Let's just throw that out there. A handsome if generic-looking exec hatch, it threatens to do to the traditional car industry what Amazon did for retailing and Apple's iTunes infrastructure did to the music business - utterly rewire it.
The mainstream media loves Tesla's CEO, Elon Musk, a man who is two-parts real-life Tony Stark to one-part Steve Jobs. The guy made a billion from Paypal, has his own space exploration company, and recently proposed the Hyperloop high-speed transportation system. He also used to own a McLaren F1, so rest easy - he ‘gets' cars the way we do. But, rather than build a ridiculous vanity supercar, he decided to apply 21st-century Silicon Valley thinking to a technology model and industry that epitomises the 20th century. Following the slightly tentative Tesla Roadster, the results are game-changing.
Add the Performance Pack, whose higher-capacity inverter boosts torque to 443lb ft and power to the equivalent of 416bhp (probably more, in fact), and you've got an all-electric car with the same step-off and start-line grunt as a Porsche Turbo.
Everything about the Model S is reassuringly familiar and utterly bewildering at the same time. You get in, select D and go. You don't even turn it on. There's no handbrake, no paddleshift and, wind and tyre rush apart, no noise. A tentative squeeze on the accelerator pedal is like dipping your toe in a reservoir of torque, but better to build up to it gradually. Back off and there's a hearty slug of regenerative braking. Pretty soon, you'll only be using the brakes to come to a complete halt in traffic.
...usefully low centre of gravity.
It's not a sports car, though. Yes, it'll warp like a spaceship to 62mph in just over four seconds, and it keeps rolling out great gobbets of torque until you're well past 100mph. Its reduction gearing means that peak power and torque are right on the money, so overtaking is supercar easy, and motorway work utterly seamless. It also handles pretty well, too, despite its two-tonne plus weight (blame those batteries). Fundamentally, it's a languid cruiser, rather than a thriller.
It's also an EV, so inevitably you begin thinking about the available energy and what you're doing with it in a completely different way. Responsibility becomes less of a chore. The 85kWh Model S will deliver a range of up to 265 miles, 220 without requiring you to drive like your family is strapped to the bonnet. It takes 15 hours to fully charge it from a standard 32-amp UK street or supermarket charging point, half that using Tesla's home charging apparatus. (Tesla's ‘Supercharger' stations are being rolled out in Europe and the US). Range anxiety isn't really on the radar....
...The Tesla Model S is incredible...
This isn't the America of old Detroit. The Silicon Valley interloper has changed everything.
Spain is one of the worlds largest oil importers. For €2000 I made my car run on liquid gas. http://t.co/9QuqgKgeEo— Martin Varsavsky (@martinvars) 15 Juin 2014
Equivalent in 2011 prices: €70 bn and nearly €80bn today.
"Rotman Professor Elected to Leadership of Academy of Management". - DeansTalk, April 11, 2013
Toronto – A senior professor at the University of Toronto’s Rotman School of Management has been elected to the governance rotation of the Academy of Management, which with more than 18,000 members in 110 countries, is the largest organization in the world devoted to management research and teaching.
Yesterday, for the first time in human history, concentrations of carbon dioxide, the primary global warming pollutant, hit 400 parts per million in our planet's atmosphere.
Indeed, every single day we pour an additional 90 million tons of global warming pollution into the sky as if it were an open sewer. As the distinguished climate scientist Jim Hansen (DeansTalk, 26 November 2012) has calculated, the accumulated manmade global warming pollution in the atmosphere now traps enough extra heat energy each day to equal the energy that would be released by 400,000 Hiroshima-scale atomic bombs exploding every single day. It's a big planet -- but that is a LOT of energy. And it is having a destructive effect...
There is no more pernicious procrastination than the kind which resembles work.— GianpieroPetriglieri (@gpetriglieri) May 10, 2013
16 April 2013 - EU Adaptation Strategy Package
April 8, 2013, The Carbon Conundrum
U.S. President Barack Obama wants the U.S. Congress to revive a failed “cap-and-trade” bill that would put the U.S. on the road to an environmental policy – a policy departure for the country that stands out as the leading industrial power without one. Obama wants it so much he warned Congress in his recent State of the Union speech that if they failed to form a market-based solution to climate change, he would go it alone.
Actually, Obama is not “alone” among leaders in this regard: with no global agreement in sight, countries too, are already acting unilaterally to reduce carbon emissions. Carbon markets have been established in Europe, Australia, California, China and South Korea. But carbon taxes or “cap-and-trade” systems are only half of the battle, according to INSEAD Assistant Professor of Economics and Political Science, David Hemous....
The university made no upfront payment for the project and has secured a below-market electricity rate. The university expects to save up to $2.3 million over the 20-year contract.
1/2 minute registration, class.stanford.edu
Class began October 8, 2012
This course focuses on the operating principles and applications of emerging technological solutions to the energy demands of the world. We will begin with discussing the scale of global energy usage and requirements for possible solutions. Basic physics and chemistry of solar cells, fuel cells, and batteries will be discussed in quantitative detail. We will explore performance issues, including economics, from the ideal device to the installed system. Finally, we will end with the promise of materials research for providing next generation solutions.
A recent publication by the Green Growth Action Alliance (G2A2), aims to provide some answers. WRI and others provided guidance, case studies, research, and data to the publication, The Green Investment Report: The ways and means to unlock private finance for green growth (PDF,40 pages). The findings were discussed widely at the recent World Economic Forum meeting in Davos...
The public sector has the ability to attract private investment by improving the risk-reward profile of green investments. A variety of instruments is available to do this – the Green Investment Report discusses some, as does WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. Essentially, with the judicious use of financial and other support, the public sector could leverage a large amount of private finance—leverage ratios of five times or more are not uncommon. At Davos, Mexico’s former president, Felipe Calderon, said that by demonstrating the huge potential for leverage, the report gave a “can do” tone to what is often seen as a discouraging topic.
Professor Hans Rosling, co-founder and chairman of the Gapminder Foundation and Advisory Board Member at the Open Knowledge Foundation, received a standing ovation for his keynote at OKFestival in Helsinki in September in which he urged open data advocates to demand CO2 data from governments around the world.
Following on from this, the Open Knowledge Foundation’s Jonathan Gray interviewed Professor Rosling about CO2 data and his ideas about how better data-driven advocacy and reportage might help to mobilise citizens and pressure governments to act to avert catastrophic changes in the world’s climate.
It is strange that the best country to do this – and it is painful for a Swede to accept this – is the United States CDIAC (cdiac.ornl.gov, Carbon Dioxide Information Analysis Center). Federal Agencies in US are very good on data and they take on the whole world. CDIAC make estimates for the rest of the world. Another US agency I really like is the National Snow and Ice Data Centre in Denver, Colorado (nsidc.org). They give us 24 hours updates on the polar sea ice area. That’s really useful. They are also highly professional. In the US the data producers are far away from political manipulation...
The Institute of International and European Affairs (IIEA, www.iiea.com) is Ireland’s leading think tank on European and International affairs and is an independent, not-for-profit organisation with charitable status. Its extensive research programme aims to provide its members with high-level analysis and forecasts of the challenges on the global and EU policy agendas which impact on Ireland. It acts as a catalyst for new thinking, new solutions and policy options, which give its members from the private and public sector a significant competitive advantage.The IIEA provides a unique forum in Ireland for corporate networking. It annually hosts over 100 events which afford its members unparalleled access to the highest-level speakers, decision-makers, and thought-leaders at national, EU and global level.
...At an EU level, the European Commission is due to publish an EU Climate Adaptation Strategy in March 2013. It will build on the knowledge base developed since its 2009 White Paper on Adaptation. It will focus on addressing knowledge gaps, climate-proofing EU policies, and on mobilising the private sector to provide insurance products tailored to a changing climate. The intention is to shift from understanding the hows, wheres and whys of climate adaptation to implementing actions that will make the EU increasingly climate resilient.
Aaditya Mattoo and Arvind Subramanian“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.”
Global negotiations on climate change have been hampered as much by a
neglect of scientific facts as a lack of objective analysis. Greenprint fills a
large gap and provides a useful departure from standard literature on the
—R. K. Pachauri, Nobel Prize–winning chairperson of the Intergovernmental Panel on Climate Change
“Greenprint presents a fresh out-of-the-box approach to climate cooperation and proposes a concrete menu of options. It should be seriously considered by political leaders and the armies of climate negotiators.”
—Jairam Ramesh, India’s environment minister at the Copenhagen Conference
“Mattoo and Subramanian are the masters at rethinking global compacts in a way that is free of the wishfulness, abstraction, and process-obsession that sometimes bedevil the debate.”
—Sebastian Mallaby, Center for Geo-Economic Studies, Council on Foreign Relations
International cooperation on climate change has floundered. With mutual recrimination between rich and poor countries, the zero-sum arithmetic of a shrinking global carbon budget, and shifting economic and bargaining power from old CO2 emitters to new—what Aaditya Mattoo and Arvind Subramanian call the “narrative,” “adding up,” and “new world” problems—the wonder is not the current impasse but belief that progress might be possible at all.
Each of these problems must be addressed in a radically different way. First, the old narrative of recrimination must give way to a narrative based on recognition of common interests. Second, leaders must shift the focus away from cutting emissions to generating technology. Third, the old “cash-for-cuts” approach must be abandoned for one that requires contributions from each country calibrated in magnitude and form to its current level of development and future prospects.
AbstractThe process used by organizations to integrate the ISO 14001 standard has not yet been the subject of extensive research in environmental management despite the rapid development of this standard, particularly in industrial companies. The results of a case study conducted among nine ISO 14001 certified Canadian organizations showed that adopting this standard tends to lead to a ceremonial behaviour intended to superficially show that the certified organizations conformed to the standard. Although rigorous compliance with the standard often resulted in real improvements, these improvements were primarily technical and administrative in nature. However, in most of the cases studied, daily practices remained somewhat decoupled from the prescriptions of the ISO 14001 system, of which employees generally had only a vague understanding...This research also illustrates how adopting the ISO 14001 system can have an ambiguous effect on environmental management practices and performances.
SEATTLE, WA — Seattle Mayor Mike McGinn sent a letter to the city’s two chief pension funds on friday, formally requesting that they “refrain from future investments in fossil fuel companies and begin the process of divesting our pension portfolio from those companies.”
There is a clear economic argument for divestment. While fossil fuel companies do generate a return on our investment, Seattle will suffer greater economic and financial losses from the impact of unchecked climate change. Our infrastructure, our businesses, and our communities would face greater risk of damages and losses due to turbulent weather that climate change causes. As a waterfront city, several of our neighborhoods and industrial districts are at risk if climate change causes a significant rise in sea level.
I believe that Seattle’s pension funds should be invested in companies that can provide a good return on our investment without putting our city and our future at risk. I am ready to work with the City Council and the pension board to make this happen.
Mayor of Seattle
The Centre for Climate Change Economics and Policy (CCCEP) was established by the University of Leeds and the London School of Economics and Political Science in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council...
Sustainability Research Institute, School of Earth and Environment, University of Leeds.
Centre for Climate Change Economics and Policy
The dominant view among scholars and policy makers has been that climate change governance should be based on international agreements which involve most nations. Yet progress in international negotiations has been slow and the effectiveness of governance based on the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol (KP) has been modest.
Recent debates have focused on regional, sectoral, building blocks, and other less comprehensive climate change governance strategies. But the wider rationale of moving away from a comprehensive solution to a mosaic of specific ones has received little attention.
This paper examines the rationale and potential of institutional diversity and polycentric governance in the area of climate change. The paper argues that polycentric governance of climate change is already a reality, and that voluntary, bottom-up solutions can be comparable in terms of significance and performance with major emitting states.
However, voluntary initiatives are likely to be at their best in realising cost-saving mitigation opportunities and thus polycentric climate change governance will also need to involve hybrid and state-based solutions. A key research need is to understand the dynamics of these different kinds of governance solutions.
Clean tech is the topic discussed between Steve Perricone, CEO of waste management and energy company BioFuelBox, and one of his investors, DFJ veteran VC Jennifer Scott Fonstad. In addition to discussing the company's technology, structure, and applications, they also expound on current stimulus dollars for alternative energy systems.
Mohr Davidow Ventures partner Erik Straser offers insight on the unfolding sector of new energy technologies, and discusses how it will be affected by an economy in credit crisis. He unveils the market's high level of industrial innovation, and offers students of entrepreneurship sound advice on finding the next crest in grand socioeconomic opportunity.
Retired serial entrepreneur Steve Blank interviews MissionPoint Capital co-founder Jesse Fink. The two discuss the manifold investment opportunities in alternative energies and environmental conservation.
Larry Bawden is a co-founder of Jadoo Power, an innovative supplier of fuel cells, and Q1 Nanosytems, a next-generation photo-voltaics provider. Bawden addresses the new landscape in technology and energy and notes the pivotal role of newer technologies in the global economy. He talks about the four fundamental planetary crises - Global Warming, Peak Oil, Population Peak and Resource Depletion that are driving changes in world. Bawden also acknowledges the rise of third generation technology and the fundamental shifts in business that it has created. He believes that these changes have created a favorable environment to launch new ventures.
The Red Queen and Green Business
It's time to give up our faint hopes that scientists have been unnecessarily gloomy about the rate at which the climate is changing. They were wrong. As the New Scientist asserts, it's even worse than we thought. We are not gaining ground on climate change; we are falling behind faster and faster. Our small steps toward efficiency and intensity do not bring us closer to our goal. As the Red Queen so famously put it, "It takes all the running you can do, to keep in the same place." And we are not running very fast.
As the world began to gather in Doha for COP 18, scientists and investors attempted to make this starkly apparent.
Three landmark reports were published in the last few days, all timed for the Doha meeting. The World Bank published a report entitled "Turn Down the Heat." The UN's World Meteorological Organization issued 2011 statistics on concentrations of atmospheric CO2. The World Resources Institute published aGlobal Coal Risk Assessment.
They make very uncomfortable reading. Together, they make the case that:
• a 4ºC increase in global temperature is both imminent and disastrous,
• we have reached 391 ppm of atmospheric CO2 , indicating a rate of increase in the level of carbon that will necessarily and swiftly propel us into the crisis ahead, and
• there are 1199 new coal-fired plants being planned and developed.
The madness has never been more obvious than it is today.
While many politicians are loathe to abandon revenues from the oil and coal industries, investors are growing impatient. Business is willing to step up to the challenge, but it needs politicians and diplomats to create effective investment policies that encourage rapid innovation.
The Global Investor Coalition on Climate Change, which manages $22.5 trillion in assets, issued an open letter on November 20. In it, they call for governments "to phase out subsidies for fossil fuels, which remain six times higher than subsidies for renewable energy sources." Instead, they want to see "workable solutions that will enable deployment of private capital in climate solutions." Without government cooperation, investors simply cannot help generate the large and small-scale technology transformations we need so desperately and so soon.
Instead, governments seeking to encourage economic development have returned time and again to the solutions that built their economies in the past: oil and coal.
Since every tonne of coal burned puts 2.86 tonnes of CO2 into the atmosphere, the correct response to the World Bank's warnings and the UN's measurement of 391 ppm of atmospheric CO2 is clearly not to build 1199 new coal-fired power plants.
We need vastly better solutions to the world's need for cheap energy, and we need them now. Our desperate and skyrocketing need for electricity has made us oblivious to the consequences of its generation. We continue to explore, plan, build and extract the materials and plants required to burn more carbon, underinvesting in the technologies that will allow us to survive.
Under these conditions, sustainable business is no longer about turning out the lights on weekends. It is about dismantling the economic structures of subsidies and investments in oil and coal. It is about accelerating and maximizing investment in green energy.
The Clean Air Task Force paper, "Four Policy Principles for Energy Innovation & Climate Change,"supports this view. The paper synthesizes independent research from a variety of academic sources. They find that optimal energy innovation policies "recognize CO2 reduction as a public good, and pursue energy innovation through a public works model."
Governments can "stimulate demand using public procurement and regulatory mechanisms (including performance standards and carbon pricing) to encourage private sector innovation... [and] support late-stage development and demonstration projects, which are typically too risky for private corporations to undertake, through financing and incentives."
Already, Germany has figured it out. Investment in their Energiewende, or Energy transformation, has allowed them to produce 25 per cent of their electrical power from renewables. They are on track for 35-40 per cent by 2020 and 80-100 per cent by 2050. Such gains are possible elsewhere, given the right incentives for investors and innovators.
Business is ready to step up to the challenge. Investors are anxious to develop new technologies. Government has to unlock the doors to investment and innovation, and it needs to begin this week in Doha.
By Harvard Professors Robert G. Eccles & George Serafeim
Globalization has concentrated economic power within a group of large companies who are now able to change the world at a scale historically reserved for nations. Just 1,000 businesses are responsible for half of the total market value of the world's more than 60,000 publicly traded companies. They virtually control the global economy.
This vast concentration of influence should be the starting point for any strategy of institutional change toward a sustainable society...
Scary: over 1000 new coal plants are planned worldwide, totaling 1400GW - like "adding another China" to GHG emissions: m.guardiannews.com/environment/20…— HBS Environment (@HBSBEI) December 7, 2012
The DESERTEC Academic Partner Network is part of the globally organized DESERTEC Institute enabling representatives from science, research and development of all countries and nations to work together as a network.
The aim is to bring together the scientific resources for the implementation of a global energy revolution in the sense of the DESERTEC Concept and comparable sustainable approaches and expand.
All entities that are dedicated to science or education in areas that are relevant to the further development and implementation of the DESERTEC Concept can become DESERTEC Academic Partners. Professor Dr Michael Düren is responsible and creative director of the DESERTEC Institute and the DESERTEC Academic Partner Network.
You would like to become an official DESERTEC Academic Partner? Please contact our foundation via email.
More heat and light, Feb 20, 2012The 168 hybrid solar panels installed on the roof of the new aquatics center provide both electricity for the building and heat for the pool. It is the largest hybrid solar installation in the country and the first on a college campus. Credit: Mike Cohea/Brown University
SWARTHMORE, Pa. — A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no.
As they consider how to ratchet up their campaign, the students suddenly find themselves at the vanguard of a national movement.
In recent weeks, college students on dozens of campuses have demanded that university endowment funds rid themselves of coal, oil and gas stocks. The students see it as a tactic that could force climate change, barely discussed in the presidential campaign, back onto the national political agenda.
“We’ve reached this point of intense urgency that we need to act on climate change now, but the situation is bleaker than it’s ever been from a political perspective,” said William Lawrence, a Swarthmore senior from East Lansing, Mich.
Students who have signed on see it as a conscious imitation of the successful effort in the 1980s to pressure colleges and other institutions to divest themselves of the stocks of companies doing business in South Africa under apartheid.
A small institution in Maine, Unity College, has already voted to get out of fossil fuels. Another, Hampshire College in Massachusetts, has adopted a broad investment policy that is ridding its portfolio of fossil fuel stocks.
“In the near future, the political tide will turn and the public will demand action on climate change,” Stephen Mulkey, the Unity College president, wrote in a letter to other college administrators. “Our students are already demanding action, and we must not ignore them.”
No school with an endowment exceeding $1 billion has agreed to divest itself of fossil fuel stocks...
Tuck MBAs, through the Center for Business and Society, attend the 18th Conference of the Parties (COP18) to the UN Framework Convention on Climate Change in Doha, Qatar.
These are the questions that today’s MBAs will need to be thinking about in relation to whether and how climate change will affect their careers. This, in turn, is why the Tuck School of Business is in Doha. As a leading business school that trains future global business leaders, we want to not only understand, but be at the center of, this conversation.
Climate change and energy scarcity are fundamental issues of our generation. At the Tuck School of Business at Dartmouth, we believe it is imperative for current and future business leaders to understand the implications of the decisions made today on business and society. The UN hosted COP18 conference seeks to set an ambitious global agreement to address climate change. A sound understanding of this agreement is necessary to enable business leaders to incorporate opportunities and environmental constraints into their business plans. As an international delegation of second-year MBAs hosted by Professor Anant Sundaram and Tuck’s Center for Business & Society, we have seen how the climate change debate is having an impact on the decisions made by businesses around the world. We look forward to learning from the perspectives of other conference attendees and the opportunity to share our experience with Tuck and the greater Dartmouth community upon our return.
Delegation members include Professor Anant Sundaram ; second-year Tuck students:Vijai Krishnan, Betsabeh Madani,Sarah Stern and Joya Zuber; and Center director, Pat Palmiotto.
A majority of Americans said the president, Congress and businesses should make global warming a priority, according to a new survey by researchers at Yale University and George Mason University.
A news release about the survey said more than nine out of 10 Americans support clean or renewable energy as a national priority.
The survey specifically found Democrats and Republicans support more renewable energy immediately. It said a majority of Americans would vote for a candidate who supports a revenue-neutral carbon tax, if it created more jobs in the renewable energy and energy efficiency industries, decreased pollution, or helped to reduce the national debt...
The news release summarized major findings:
• A large majority (77%) say global warming should be a “very high” (18%), “high” (25%), or “medium” priority (34%) for the president and Congress. One in four (23%) says it should be a low priority.
• Nearly all Americans (92%) say the president and the Congress should make developing sources of clean energy a “very high” (31%), “high” (38%), or “medium” priority (23%). Very few say it should be a low priority (8%).
A new Berkeley-Haas case study delves into the decision-making process of a clean energy startup as it makes a “life-or-death” decision: which market to enter first.