Impacts of EPA’s finalized power plant greenhouse gas standards
Emissions reductions may be met with relatively small costs.
Bistline, John↗
Engineering topics
Zhao, Alicia
Publications and source records attributed to Zhao, Alicia.
Toward 2035: Forging a High-Ambition U.S. Climate Pathway
This analysis takes an integrated, innovative approach to develop plausible, high-ambition pathways through 2035 to inform the third U.S. NDC target setting. This approach combines: (1) an extensive consultation and engagement process with a broad set of federal and subnational stakeholders to build a robust U.S. policy platform; and (2) an open-source, field-leading integrated assessment model focused on the U.S. containing subnational details. The modeling tool assesses existing and possible new policies from both federal and subnational levels to assess the overall emissions reduction potential and the policy pathways to deliver the ambition needed for 2035 and leading on to 2050. In addition, we highlight how different actors can contribute to the needed transition in each sector and showcase successful implementation stories by various subnational actors.
54 ENVIRONMENTAL SCIENCES↗
Implications of an emission trading scheme for India’s net-zero strategy: a modelling-based assessment
To help meet its near-term NDC goals and long-term net-zero 2070 target, the Government of India has planned to establish a Carbon Credit Trading Scheme (CCTS), i.e. a domestic emission trading scheme (ETS). An ETS is an inherently cost-effective policy instrument for emission reduction, providing the greatest flexibility to reduce emissions from within and across sectors. An effective ETS requires design features that consider country-specific challenges and reflect its role within the larger policy package to achieve long-term emission reduction. Within the Indian context and in this study we therefore investigate—(i) what might be the role of the ETS in achieving India’s long-term mitigation targets? (ii) How might the various sectors interact under an emissions cap? (iii) How might the ETS interact with existing energy and climate policies? We do this analysis by running four main scenarios using the integrated assessment model GCAM (v6.0), adapted to India-specific assumptions and expectations. These scenarios are—(i) NZ (net-zero), (ii) NZ + ETS, (iii) NZ + CC (command and control), and (iv) NZ + RPO (renewables purchase obligations) + ETS. The NZ scenario assumes India’s near-term and long-term climate commitments of net zero by 2070. Scenarios with ETS (ii) and (iv) apply an emissions cap on four sectors—electricity, iron and steel, cement, and fertilizer. The scenario with CC applies a homogenous emission cap on each of the chosen sectors but does not allow cross-sectoral trading. The last scenario includes renewables purchase obligations (RPOs along with an ETS. We show that under a specific ETS emissions cap: (i) the electricity sector emerges as the largest source of cost-effective greenhouse gas (GHG) reduction options; (ii) ETS with trading across sectors is around 24% more cost-effective than ETS with trading only within sectors, (iii) RPOs can be complementary to an ETS although the impact of RPOs on GHG reductions in the electricity sector would need to be considered when setting the level of the ETS cap (or emissions intensity targets) or the RPO targets to avoid low carbon prices, and (iv) the direction and volume of financial transfers across sectors depends on allocation targets set by the government. Based on these results we provide design recommendations for India’s ETS.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
High-ambition climate action in all sectors can achieve a 65% greenhouse gas emissions reduction in the United States by 2035
Under the next cycle of target setting under the Paris Agreement, countries will be updating and submitting new nationally determined contributions (NDCs) over the coming year. To this end, there is a growing need for the United States to assess potential pathways toward a new, maximally ambitious 2035 NDC. In this study, we use an integrated assessment model with state-level detail to model existing policies from both federal and non-federal actors, including the Inflation Reduction Act, Bipartisan Infrastructure Law, and key state policies, across all sectors and gases. Additionally, we develop a high-ambition scenario, which includes new and enhanced policies from these actors. We find that existing policies can reduce net greenhouse gas (GHG) emissions by 44% (with a range of 37% to 52%) by 2035, relative to 2005 levels. The high-ambition scenario can deliver net GHG reductions up to 65% (with a range of 59% to 71%) by 2035 under accelerated implementation of federal regulations and investments, as well as state policies such as renewable portfolio standards, EV sales targets, and zero-emission appliance standards. This level of reductions would provide a basis for continued progress toward the country’s 2050 net-zero emissions goal.
54 ENVIRONMENTAL SCIENCES↗
State-by-state energy-water-land-health impacts of the US net-zero emissions goal
As decisionmakers at various scales begin to design strategies to implement the US net-zero goal, a holistic understanding of its broader economic and sustainability implications at subnational scales is important to shape public support and facilitate implementation. Here, we use an integrated assessment model to explore four different pathways toward the US net-zero goal and investigate their energy-water-land-health implications at the state level. In this study, we show that achieving the net-zero goal implies significant capital turnover (170–200 billion USD/year capital investment and 16–29 billion USD/year stranded assets in the power sector), reduced water withdrawal (120–210 km 3 /year), avoided air pollution damages (220–300 billion USD/year), and expanded forests (300–500 thousand km 2 ). However, the economic and sustainability implications of achieving the net-zero goal at the state-level may not be correlated to a state's contribution to national emission reductions. Our study lays the foundations for a deeper understanding of the broader implications of the US net-zero goal to facilitate cost-effective and environmentally sustainable transitions toward that goal.
54 ENVIRONMENTAL SCIENCES↗
Emissions and Energy Impacts of the Inflation Reduction Act
If goals set under the Paris Agreement are met, the world may hold warming well below 2 degrees C (1); however, parties are not on track to deliver these commitments (2), increasing focus on policy implementation to close the gap between ambition and action. Recently, the US government passed its most prominent piece of climate legislation to date - the Inflation Reduction Act of 2022 (IRA) - designed to invest in a wide range of programs that, among other provisions, incentivize clean energy and carbon management, encourage electrification and efficiency measures, reduce methane emissions, promote domestic supply chains, and address environmental justice concerns (3). IRA's scope and complexity make modeling important to understand impacts on emissions and energy systems. We leverage results from nine independent, state-of-the-art models to examine potential implications of key IRA provisions, showing economy-wide emissions reductions between 43 and 48% below 2005 levels by 2035.
electricity↗
Quantifying the regional stranded asset risks from new coal plants under 1.5 °C
Momentum to phase out unabated coal use is growing globally. This transition is critical to meeting the Paris climate goals but can potentially lead to large amounts of stranded assets, especially in regions with newer and growing coal fleets. Here we combine plant-level data with a global integrated assessment model to quantify changes in global stranded asset risks from coal-fired power plants across regions and over time. With new plant proposals, cancellations, and retirements over the past five years, global net committed emissions in 2030 from existing and planned coal plants declined by 3.3 GtCO 2 (25%). While these emissions are now roughly in line with initial Nationally Determined Contributions (NDCs) to the Paris Agreement, they remain far off track from longer-term climate goals. Progress made in 2021 towards no new coal can potentially avoid a 24% (503 GW) increase in capacity and a 55% ($520 billion) increase in stranded assets under 1.5 °C. Stranded asset risks fall disproportionately on emerging Asian economies with newer and growing coal fleets. Recent no new coal commitments from major coal financers can potentially reduce stranding of international investments by over 50%.
54 ENVIRONMENTAL SCIENCES↗