Global Climate Leadership Review 2012

Download Global Climate Leadership Review 2012

Post on 06-May-2015




1 download

Embed Size (px)


The Climate Institutes 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.


<ul><li>1.TheClimate graphic cover slide InsertInstitute sort of contact details List some Global Climate Leadership Review 2012 11</li></ul> <p>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? 3. Key Findings3 4. ContextGlobal investments in clean energy now compete with fossil fuels.Note:Investment for new-buildfossil fuel calculatedfrom Energy InformationAdministration &amp;International EnergyAgency data, cleanenergy is derived fromBloomberg New EnergyFinance totals.IN PARTNERSHIP WITH4 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, globallyContextAustralias 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 countrieshave 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 indicatorsThese indicators contribute economies which have a morereflecting the steps that towards prosperity today and emissions intensive structurecountries have alreadywill 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 bestpositioned in a low carbon global economy.+ Australia is among the lowest ranked countries, ranked lower thanRussia, Argentina, South Africa, the US and Saudi Arabia.+ Australia ranked 16th and is the worst performing advanced economy amongthe G20. It is the only country whose rankings have not improved since the2009 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 FranceTransportElectricity SupplyEnergy EfficiencyCarbon Trading+ Expected to spend+ Mandatory renewable + Government-mandated+ Participant in EUUS$37 billion by 2020energy target of 23%energy efficiency target emissions tradingon public transportof final consumptionand trading scheme scheme+ Standards to limit new by 2020 + A minimum of 9% total+ Committed to reducingcar emissions to 95+ Technology-specific energy savings overemissions by a factorgCO2/km by feed-in tariffs and the period 2008-16 of 4 (a 75% reduction)2024, compared to 155ongoing investment+ Reduction of energy+ The OECD has foundgCO2/km in Australia in nuclear energy and demand in buildings by Frances environmental+ Penalty and incentivesmart grids.38% by 2020, at whichtaxation generatessystem for the point all new buildingsrevenue equivalent topurchase of new cars will be zero-carbonaround 1.8% of GDPbased on emissions 11 12. International CooperationDurban Outcomes+ Agreement to negotiate legal agreementcovering 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 buildinginternational confidence+ Chinas willingness to accept bindingcommitments post 2020+ EU, AOSIS and LDC formingcoalition of ambitionAnyone can see that we cannot deal with the challenges of the21st century with a growth model from the 19th and 20th century.Connie HedegaardEuropean Commissionerfor Climate Action 13 14. Australian Leadership+ Clean Energy Future package With the Clean Energy Future package the carbon productivitybroadly keeps pace with global trends. Without thecan get the economy movingpackage, Australia increasingly falls the right direction with other Emissions intensity of global and Australian GDP to 2050G20 nations+ Key Next Steps:+ National energy savingsinitiative+ Clean Energy FinanceCorporation+ disclosure of climate risksSource: Treasury, 2011 14 15. Australian Leadership+ Whether Australia accepts a new and credible Kyoto target will be amajor test in 2012+ Not accepting a new Kyoto target is against Australias 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 REDDWorker at an Indonesian geothermal plant 16 17. Australian LeadershipDeveloping CountriesDeveloped Countries 17 18. ConclusionsTo 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 itslow-carbon competitiveness since 1995+ Australias Clean Energy Future package represents real progresswhen implemented fully+ To boost global ambition, Australia needs stronger pollutionreductions, new Kyoto commitments, and creative linkages of ourmarket with others 18 19. Report partnersProject 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 20 </p>