Getting Energy Prices Right – Smart but...
Christine Lagarde, managing director of the IMF, returned to CGD last week to talk about getting energy prices right. That’s the title of a new book by Ian Parry and co-authors at the IMF.
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Christine Lagarde, managing director of the IMF, returned to CGD last week to talk about getting energy prices right. That’s the title of a new book by Ian Parry and co-authors at the IMF.
The annual UN climate summit, this year held with some irony in Doha, Qatar, has come and gone. Where does that leave us? Let’s look at a few key action areas.
In the latest in a surge of extreme weather events, a mid-November storm twice the size of Texas hammered the west coast of Alaska with hurricane-force winds. The storm pushed further north than low-pressure systems typically do this time of year, gaining energy as it passed over unusually warm water. Loss of coastal ice in recent decades left coastal villages exposed to the brunt of the waves. In Nome, tides rose to seven feet above normal bringing water to the base of some buildings.
Yesterday’s U.S. government decision to re-consider the proposal for the Keystone XL pipeline, which would bring oil from the Alberta tar sands to the Gulf of Mexico, opens the way for policymakers to include consideration of the climate and development impact of decision. Unfortunately, announcements of the decision suggest this is not necessarily part of the plan.
I participated in a conference in Oslo this week titled Energy for All. The subject of energy access is relatively new to me, except in the context of climate change where Arvind Subramanian and I have concluded that short of unprecedented technological breakthroughs in both energy efficiency and low-carbon generation to meet the needs of people currently lacking electricity, the planet is cooked.
Yesterday I sent this letter to CGD contacts who have expressed an interest in our work on development and climate change. But it really should be of interest to all in the development community. If you share my view that climate and development are inextricably intertwined, please read on, take the survey, and tell your friends to take it, too!
Thanks!
Development advocates hoping for an equitable as well as efficient global agreement on climate change ought to be deeply depressed about the results of a recent FT/Harris poll. What is depressing is the way the question was framed (and that does matter): “Do you agree that, since China is the biggest carbon emitter, it should cut its emissions the most?” In most G-7 countries including the U.S., more than 60 percent of respondents agreed.
In a surprise New York Times op-ed last weekend, Senators Lindsey Graham (R-SC) and John Kerry (D-MA) announced a joint initiative on climate change.
The proposal mixes the good (I am glad it finally spells out that only carbon capture and storage turns coal into “clean coal”) with the bad. Still, it is welcome news that the Senate may finally be able to “count to sixty” and pass some kind of legislation to reduce emissions.
CGD president Nancy Birdsall urged the United States to exercise leadership at the upcoming G20 Summit in Pittsburgh in a speech today at the Center for Global Development.
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