human computer interaction of movie booking system project
Energy spencer(iddri) ccxg gf sep2014
1. Energy sector transformation and
the 2015 agreement: Providing long-term
investment signals
Thomas Spencer
Program Director Energy and Climate,
IDDRI
thomas.spencer@iddri.org
Institut du Développement Durable et des Relations Internationales
41 rue du Four – 75006 Paris - France
www.iddri.org
2. Providing long-term investment signals
This presentation looks mainly at the
design of the mitigation framework in the
2015 agreement
Although of course the financial framework
will be important for providing incentives
and resources
IDDRI - Thomas Spencer
3. Long-term investment requires credibility
• Money is trust …
• … in domestic policies, but also of the
international framework:
• Supports the domestic political-economy for
ambitious climate policies domestically
• Finance and technology are globalized
IDDRI - Thomas Spencer
4. Credibility requires looking beyond emissions
• Many factors interact with the
achievement of emissions
targets
• How to distinguish the ‘signal’
of deep decarbonisation effort,
from the ‘noise’ of short-term
uncertainty/variability?
• The capacity to commit
credibly is different for
different levers/sectors, but all
need to be addressed in the
long-term
105
100
95
90
85
80
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
IDDRI - Thomas Spencer
CO2 indicators for the G20
gCO2/kWh
CO2/GDP
7. Key Messages
• Money is trust: investment means credibility
• Domestic and international credibility requires revealing the content of
transition
A target structure needs to includes sectoral indicators for information
purposes and allow the reflection of national circumstances and
development priorities
• The framework needs to be dynamic but credible
Regular predefined commitment periods + long-term indicative pathways
• Credibility also means the accountability framework + legal structure
We should consider how the framework for the mutual recognition of
implementation can be strengthened
IDDRI - Thomas Spencer
8. N.B. this presentation is based on the work of the
IDDRI climate team
IDDRI and SDSN, “Pathways to Deep Decarbonization”, 2014
Thomas Spencer, Fu Sha, Zou Ji, Michel Colombier, “The Mitigation
Framework in the 2015 Climate Change Agreement: from Targets to
Pathways”, IDDRI, 2014.
Alexandre Magnan, Teresa Ribera, Sebastien Treyer, Thomas Spencer, “What
adaptation chapter in the New Climate Agreement?”, IDDRI
All available at: www.iddri.org
IDDRI - Thomas Spencer
Hinweis der Redaktion
As a complement to aggregate targets, the framework should also allow countries to highlight how they are addressing major sectors:
Highlight forceful, precise action where outcomes are more certain (e.g. sectoral peaking or low-carbon share of energy)
Highlight efforts on long-term, structural drivers of deep emissions cuts (urbanization policy, innovation, energy efficiency in infrastructure etc.).
Such indicators would also provide important information to investors and the private sector