From 2004-2013, Brazil reduced climate emissions by more than any other country on earth, thanks to its success cutting Amazon deforestation by 80 percent. Now, a new study in Ecological Economics finds that actions to protect the Amazon were affordable too, costing Brazilian governments at the federal, state, and local levels just $2.1 billion over nine years—one-third the estimated $6.2 billion price tag of the 2016 Olympic Games in Rio de Janeiro.
In the short run, the uncertainty about future national policy may discourage private investment in renewable energy and other low carbon technologies. At the same time, the freedom to forge its own climate policy and to step out ahead of the EU may open opportunities for more ambitious action and creative intellectual leadership in UK support to developing countries.
A showpiece “clean coal” project in Kemper Country, Mississippi is three years behind schedule, four billion dollars over budget, faces swirling allegations of contracting scandals and shoddy construction, and has yet to capture or store any carbon. Safe, cheap, natural carbon-capture-and-storage (CCS) is already available at large-scale—in the form of forests.
With the election of Pedro Pablo Kuczynski (known as PPK) as its new President, Peru is poised to be a major leader in combatting climate change and, in particular, the global effort to preserve tropical forests.
After meeting in Paris, the Carbon Fund has provisionally approved the first two REDD+ programs in DRC and Costa Rica. After eight years writing a charter, negotiating a rulebook, and vetting proposals, it was long overdue. Learn about the Carbon Fund approval process in this post.
Last Tuesday the U.S. Supreme Court decided, by a 5 to 4 vote, to allow states to temporarily stop preparing to implement the Obama administration's signature regulation for cutting greenhouse gas emissions until a series of lawsuits against the rules have been decided. This casts uncertainty on climate policy actions both in the U.S. and internationally, as many developing countries are only willing to take climate action if the US shows leadership.