David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
At the recent UN climate change conference in Bali, UN Secretary General Ban Ki-moon called for a revolutionary change in the world's energy mix to minimize the risk of catastrophic global heating. This paper explores the implications for the World Bank and other donor institutions, employing proposed Bank financing of the Mmamabula coal-fired power project in Botswana as an illustrative case. Using the latest estimates of generating costs for coal-fired and low-carbon power options, I compute the CO2 accounting charges that would promote switching to the low-carbon options. In all cases, I find that that the switching charges are at the low end of the range that is compatible with safe atmospheric limits on carbon loading. Among the low-carbon options that I have considered for Botswana, solar thermal power seems to dominate carbon capture and storage.My results suggest that the World Bank and other donor institutions will adopt a transformational energy policy if they use appropriate accounting charges for carbon emissions. The Mmamabula example indicates that this approach will select low-carbon options in many cases, and grants from the Bank's Clean Technology Fund and other sources can finance the market-cost gap between clean and fossil-fired technologies. Clean energy projects should proliferate, as donors learn about the new approach and more funds are devoted to meeting the global emissions reduction mandate.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Edna Sussman, Energy Charter Treaty's Investor Protection Provisions: Potential to Foster Solutions to Global Warming and Promote Sustainable Development.
David Wheeler, Moving Toward a Consensus on Climate Policy: The Essential Role of Global Public Disclosure.
Stephen J. DeCanio (1992). Carbon Rights and Economic Development. Critical Review 6 (2-3):389-410.
Kristin Sharon Shrader-Frechette (2009). Data Trimming, Nuclear Emissions, and Climate Change. Science and Engineering Ethics 15 (1):19-23.
Jean-Louis Durand, Claude Varlet-Grancher, Gilles Lemaire, François Gastal & Bruno Moulia (1991). Carbon Partitioning in Forage Crops. Acta Biotheoretica 39 (3-4):213-224.
Bryane Michael (2005). How Involved Should the World Bank Be in International Corporate Responsibility Programs? International Corporate Responsibility Series 2:157-173.
Added to index2009-01-28
Total downloads3 ( #594,826 of 1,790,308 )
Recent downloads (6 months)1 ( #429,822 of 1,790,308 )
How can I increase my downloads?