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As part of a series of events in the run-up to the highly anticipated papal encyclical on climate change, the New Climate Economy was invited to provide a strong economic and business voice to demonstrate that climate action and economic growth can and should occur together for a just transition to a low-carbon economy.
The U.S. shale gas revolution has dramatically increased supplies of low-cost natural gas, upended U.S. coal markets, and led many electric utilities to switch from coal to natural gas, reducing air pollution and greenhouse gas emissions. While there remain concerns about some of the impacts of hydraulic fracturing (“fracking”), the trend toward increasing use of natural gas is widely expected to continue.
20 May 2015: “When the future of the planet is at stake, there are no political frontiers, barriers or walls behind which we can hide to protect ourselves from the effects of environmental and social degradation. There is no room for the globalisation of indifference, the economy of exclusion or the throwaway culture so often denounced by Pope Francis. Of course, the path is not easy, since this ethical and moral responsibility calls into question the resetting of the development model, requiring a major political and economic commitment. However, as I said to the UN Climate Summit on 23 September 2014, 'the technological and operational bases needed to facilitate this mutual responsibility are already available or within our reach. We have the capacity to start and strengthen a true and beneficial process which will irrigate, as it were, through adaptation and mitigation activities, the field of economic and technological innovation where it is possible to cultivate two interconnected objectives: combating poverty and easing the effects of climate change'."
London/Washington, DC, May 8, 2015: Historically unpredictable and changing oil prices are hurting the economy, but today’s cheap oil offers a unique opportunity to reduce our fossil fuel addiction and invest in more sustainable and predictable renewable energy sources – says a new report by Lord Nicholas Stern and colleagues in the New Climate Economy project.
The New Climate Economy (NCE) is very pleased to announce the addition of three new distinguished commissioners to the Global Commission on the Economy and Climate: Suma Chakrabarti, Naina Lal Kidwai and Kristin Skogen Lund. They bring a wealth of private and public experience and expertise to the Commission.
Chair of the Global Commission on the Economy and Climate Felipe Calderón and New Climate Economy Programme Director Helen Mountford react to the United States's proposed climate commitment.