Towards a Carbon-Neutral State: International Progress, National Risks, and Coping Strategies
Downloads
Climate change is a major social, economic and environmental challenge facing all countries in the world today. It has increasingly become a priority on the agenda of international relations. This article outlines major developments in international climate action during and after the pandemic. The article identifies the global trends of carbon action on the countries’ agendas for sustainable development in the near future, including accelerate the implementation of mature zero-carbon solutions and promote zero-carbon technology. It then presents risks in tackling the global climate crisis collectively confronted by the international community at present, such as economic slowdown, energy security, carbon financing, price inflation, carbon barrier, carbon trading and carbon debt. With these common dilemmas in mind, the article sums up by proposing multiple possible directions towards reducing emissions and putting forward some community strategies for New Zealand to implement. These include promote the electrification of transportation and establish green infrastructure, consumption, financial, technology and industrial systems. This article aims to inform on the debate about current challenges in building a sustainable and resilient carbon-neutral state in the wake of global public crisis by analyzing global developing trends in addressing climate change, as well as to provoke thinking on potential options for government to enable net zero carbon and new energy future.
Downloads
Abnett, K. (2021). EU's carbon border tariff to target steel, cement, power - draft. https://www.reuters.com/business/sustainable-business/eus-carbon-border-tariff-target-steel-cement-power-draft-2021-06-03/
Abnett, K. (2021). Shipping, heating and cars targeted in EU carbon market revamp. https://www.reuters.com/business/sustainable-business/eu-drafts-plan-tighten-carbon-market-expand-it-shipping-cars-heating-2021-06-30/
Bloomberg News. (2021). China is formulating a hydrogen plan but its timing is uncertain. https://www.bloomberg.com/news/articles/2021-04-23/china-is-formulating-a-hydrogen-plan-but-its-timing-is-uncertain
Cevik, S., & Jalles, J. (2020a). Feeling the heat: climate shocks and credit ratings. IMF Working Paper No. 20/286. Washington, DC: International Monetary Fund.
Cevik, S., & Jalles, J. (2020b). This changes everything: climate shocks and sovereign bonds. IMF Working Paper No. 20/79. Washington, DC: International Monetary Fund.
Cevik, S., & Jalles, J. (2020c). An apocalypse foretold: climate shocks and sovereign defaults. IMF Working Paper No. 20/231. Washington, DC: International Monetary Fund.
Energy Resources Aotearoa. (2021). New Zealand’s energy mix. https://www.energymix.co.nz/our-consumption/new-zealands-consumption/
European Commission. (2021). Recovery plan for Europe. https://ec.europa.eu/info/strategy/recovery-plan-europe_en#relatedlinks
Government of the United Kingdom. (2020). Government launches new £40 million Clean Growth Fund to supercharge green start-ups. https://www.gov.uk/government/news/government-launches-new-40-million-clean-growth-fund-to-supercharge-green-start-ups
Imperial College Business School, SOAS University of London. (2018). Climate change and the cost of capital in developing countries. Executive Summary.
Imperial College London, London School of Economics. (2021). How will acting on climate change affect the economy. https://www.imperial.ac.uk/grantham/publications/climate-change-faqs/how-will-acting-on-climate-change-affect-the-economy/
Klusak, P., Agarwala, M., Burke, M., Kraemer, M., & Mohaddes, K. (2021). Rising temperatures, falling ratings: The effect of climate change on sovereign creditworthiness. Bennet Institute Working Paper
McKinsey. (2019). Global energy perspective 2019: Reference case. https://www.mckinsey.com/~/media/mckinsey/industries/oil%20and%20gas/our%20insights/global%20energy%20perspective%202019/mckinsey-energy-insights-global-energy-perspective-2019_reference-case-summary.ashx
Morgan, S. (2020). Commission chews over changes to aviation emissions rules. https://www.euractiv.com/section/aviation/news/eu-commission-chews-over-changes-to-aviation-emissions-rules/
Natural Resources Canada. (2020). Hydrogen strategy for Canada - seizing the opportunities for hydrogen - a call to action. https://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/environment/hydrogen/NRCan_Hydrogen-Strategy-Canada-na-en-v3.pdf
Obayashi, Y. (2020). Japan aims to set up commercial hydrogen fuel supply chain by 2030. https://www.reuters.com/article/us-japan-energy-hydrogen-idUSKBN2700PM
OECD. (2021). OECD science, technology and innovation outlook 2021: Times of crisis and opportunity. Paris, France: OECD Publishing. doi:10.1787/75f79015-en.
Paris Agreement to the United Nations Framework Convention on Climate Change. (2015). Treaties and Other International Acts Series. No. 16-1104.
Refinitiv (2021). Power prices surge in Japan. https://www.refinitiv.com/perspectives/market-insights/power-prices-surge-in-japan/
Rădulescu, D., & Pascu, A. (2020). European Union: the European Green Deal Investment Plan. https://www.mondaq.com/economic-analysis/1015114/the-european-green-deal-investment-plan
Stein, J., Eilperin, J., Laris, M., & Room, T. (2021). White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government. https://www.washingtonpost.com/us-policy/2021/03/31/biden-infrastructure-climate-plan/
JD Supra. (2020). The EU hydrogen strategy - another remarkable step towards creating a hydrogen industry on European-wide level. https://www.jdsupra.com/legalnews/the-eu-hydrogen-strategy-another-62174/
Watson Farley & Williams. (2021). The German hydrogen strategy. https://www.wfw.com/articles/the-german-hydrogen-strategy/#:~:text=In%20June%202020%2C%20Germany%20presented,hydrogen%20strategy%20(NHS)%C2%B9.&text=Finally%2C%20on%201%20January%202021,industrial%20usage%20of%20green%20hydroge
The White House. (2021a). FACT SHEET: The American jobs plan. https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/
The White House. (2021b). Leaders Summit on Climate summary of proceedings. https://www.whitehouse.gov/briefing-room/statements-releases/2021/04/23/leaders-summit-on-climate-summary-of-proceedings/
van Soest HL, den Elzen MGJ, van Vuuren DP. (2021). Net-zero emission targets for major emitting countries consistent with the Paris Agreement. Nat Commun 12, 2140
Xi, J. (2020). Statement at the General Debate of the 75th Session of the United Nations General Assembly. https://baijiahao.baidu.com/s?id=1678546728556033497&wfr=spider&for=pc
[AEMO] Australian Energy Market Operator. (2016). Update report: Black system event in South Australia on 28 September 2016. https://apo.org.au/node/68445
[CLEW] Clean Energy Wire. (2020). What German households pay for power. https://www.cleanenergywire.org/factsheets/what-german-households-pay-power
[MfE] Ministry for the Environment. (2021). Latest annual inventory of greenhouse gases in New Zealand released. 2021 Apr 13. https://environment.govt.nz/news/latest-annual-inventory-of-greenhouse-gases-in-new-zealand-released-13-april-2021/
[MoEF South Korea] Republic of Korea Ministry of Economy and Finance. (2020). Government releases an English booklet on the Korean New Deal. https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=4948
[ICAP] International Carbon Action Partnership. (2021). Emissions trading worldwide: ICAP status report 2021. Berlin: International Carbon Action Partnership.
[ICPDR] International Commission for the Protection for the Danube River (Austria). (2020). NextGenerationEU: State of the Union address reveals New Green Funds for the EU. https://www.icpdr.org/main/nextgenerationeu-state-union-address-reveals-new-green-funds-eu
[IEA] International Energy Agency. (2019). World energy outlook 2019 report extract electricity. https://www.iea.org/reports/world-energy-outlook-2019/electricity
[IEA] International Energy Agency. (2020). 40 Ministers from around the world gather to address the world’s energy and climate challenges. https://www.iea.org/news/40-ministers-from-around-the-world-gather-to-address-the-world-s-energy-and-climate-challenges
[IRENA] International Renewable Energy Agency. (2017). Perspectives for the energy transition: Investment needs for a low-carbon energy system. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2017/Mar/Perspectives_for_the_Energy_Transition_2017.pdf?la=en&hash=56436956B74DBD22A9C6309ED76E3924A879D0C7
[IRENA] International Renewable Energy Agency. (2021). Renewable power generation costs in 2020. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2021/Jun/IRENA_Power_Generation_Costs_2020.pdf
[State Department] U.S. Department of State. (2021). John Kerry, Special Presidential Envoy for Climate. https://www.state.gov/biographies/john-kerry/
[USTR] The Office of the United States Trade Representative (2021). The President’s 2021 Trade Policy Agenda.
Copyright (c) 2021 International Journal of Scientific Research and Management
This work is licensed under a Creative Commons Attribution 4.0 International License.