Global Climate Leadership Review 2012
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The Climate Institute’s Global Climate Leadership Review 2012 positions Australian climate policy in a global context. It aims to elaborate on the implications of global climate diplomacy and ...

The Climate Institute’s Global Climate Leadership Review 2012 positions Australian climate policy in a global context. It aims to elaborate on the implications of global climate diplomacy and domestic actions for Australia.

The overarching theme of this flagship project is leadership. The Global Climate Leadership Review identifies which nations are currently leading the low carbon economy, who is leading the international negotiations and provides an annual case study of where Australia can show leadership.

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Global Climate Leadership Review 2012 Presentation Transcript

  • 1. TheClimate graphic cover slide InsertInstitute sort of contact details • List some Global Climate Leadership Review 2012 1 1
  • 2. Global Review 2012 IntroductionThe Global Climate Leadership Review is an annual report produced byThe Climate Institute and is the first flagship project of 2012.The report puts Australia in the global context:+ Who is leading the low-carbon economy?+ Who is leading international cooperation?+ Where can Australia lead?www.climateinstitute.org.au/global-review 2
  • 3. Key Findings 3
  • 4. ContextGlobal investments in clean energy now compete with fossil fuels. Note: Investment for new-build fossil fuel calculated from Energy Information Administration & International Energy Agency data, clean energy is derived from Bloomberg New Energy Finance totals. IN PARTNERSHIP WITH 4
  • 5. ContextMany countries are linking climate change and economic growth strategies.Percentage of climate change related spending in initial economic stimulus packages in individual countries. 5
  • 6. Carbon price 2012-15, globally ContextAustralia’s carbon price is not excessive compared to other nations. 6
  • 7. Low-Carbon CompetitivenessThe Climate Institute/GE Low-Carbon Competitiveness Index measuresthe current capacity of each country to be competitive and to generatematerial prosperity for its residents in a low-carbon world.2009_ 2012_Quantitatively ranked G20 countries Updated Index and analysis of the progress countries have made since 1995The Index takes a unique approach: IN PARTNERSHIP WITHvariables are selected based on their statisticalcorrelation with carbon productivity (CO2/GDP) 7
  • 8. LCCI methodology Low-Carbon CompetitivenessThe Low-Carbon Competitiveness Index is made up of 19 indicators grouped into 3 categories. 01. Sectoral Composition 02. Early Preparation 03. Future Prosperity These variables reflect that These indicators These indicators contribute economies which have a more reflecting the steps that towards prosperity today and emissions intensive structure countries have already will also be important in a will face a greater challenge in taken to move towards a carbon-constrained remaining competitive in a low carbon economy e.g. future, e.g. high educational carbon constrained world e.g. investment in sustainable expenditures and investment carbon-intensive electricity and energy businesses in physical capital transport sectors 8
  • 9. Low-Carbon CompetitivenessKey Findings+ France, Japan, the United Kingdom, South Korea and Germany are the best positioned in a low carbon global economy.+ Australia is among the lowest ranked countries, ranked lower than Russia, Argentina, South Africa, the US and Saudi Arabia.+ Australia ranked 16th and is the worst performing advanced economy among the G20. It is the only country whose rankings have not improved since the 2009 ranking.www.climateinstitute.org.au/lcci 9
  • 10. Countries that perform well recognise the link between economic, resource security and climate change policies.Australia is the only G20 country that has gone backwards since 1995.  10
  • 11. High-Speed Low-Carbon FranceTransport Electricity Supply Energy Efficiency Carbon Trading+ Expected to spend + Mandatory renewable + Government-mandated + Participant in EU US$37 billion by 2020 energy target of 23% energy efficiency target emissions trading on public transport of final consumption and trading scheme scheme+ Standards to limit new by 2020 + A minimum of 9% total + Committed to reducing car emissions to 95 + Technology-specific energy savings over emissions by a factor gCO2/km by feed-in tariffs and the period 2008-16 of 4 (a 75% reduction) 2024, compared to 155 ongoing investment + Reduction of energy + The OECD has found gCO2/km in Australia in nuclear energy and demand in buildings by France’s environmental+ Penalty and incentive smart grids. 38% by 2020, at which taxation generates system for the point all new buildings revenue equivalent to purchase of new cars will be zero-carbon around 1.8% of GDP based on emissions  11
  • 12. International CooperationDurban Outcomes+ Agreement to negotiate legal agreement covering all major emitters+ Further implementation of Cancun Agreements, e.g. Green Climate Fund+ Agreement to increase ambition+ Agreement on new Kyoto Protocol targets  12
  • 13. International CooperationOther Factors+ Domestic actions building international confidence+ China’s willingness to accept binding commitments post 2020+ EU, AOSIS and LDC forming coalition of ambition“Anyone can see that we cannot deal with the challenges of the21st century with a growth model from the 19th and 20th century.” Connie Hedegaard European Commissioner for Climate Action  13
  • 14. Australian Leadership+ Clean Energy Future package With the Clean Energy Future package the carbon productivity broadly keeps pace with global trends. Without the can get the economy moving package, Australia increasingly falls behind. in the right direction with other Emissions intensity of global and Australian GDP to 2050 G20 nations+ Key Next Steps: + National energy savings initiative + Clean Energy Finance Corporation + disclosure of climate risks Source: Treasury, 2011  14
  • 15. Australian Leadership+ Whether Australia accepts a new and credible Kyoto target will be a major test in 2012+ Not accepting a new Kyoto target is against Australia’s national interest: + Undermines efforts towards new agreement that covers all major emitters + Reduces Australian influence and undermines national policy goals (e.g. carbon markets)  15
  • 16. Australian LeadershipRegional Emissions Trading Coalitions+ Marginal benefits in linking with EU+ Create a system to: + incentivise developing countries to bet pledges + Increase advanced economy ambition + Road-test new market mechanisms+ Strategic focus on: + Indonesia and South Korea + Exclude REDD Worker at an Indonesian geothermal plant  16
  • 17. Australian LeadershipDeveloping Countries Developed Countries  17
  • 18. Conclusions“To remain competitive in a future carbon-constrained world, Australiawill need to turn into a lower-carbon economy.” Marius Kloppers CEO, BHP Billiton+ Australia is not immune to global trends+ Australia is the only G20 country that has gone backwards on its low-carbon competitiveness since 1995+ Australias Clean Energy Future package represents real progress when implemented fully+ To boost global ambition, Australia needs stronger pollution reductions, new Kyoto commitments, and creative linkages of our market with others  18
  • 19. Report partners Project PartnersKey Partner Project PartnersThe Climate Institute would also like to acknowledge Vivid Economics, the British HighCommission and World Resources Institute for their support.  19
  • 20. More Informationwww.climateinstitute.org.au/global-review  20