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Global firms are increasingly adopting greenhouse gas mitigation targets in response to climate change. These targets serve as a spur for carbon mitigation initiatives, provide guidelines to select appropriate mitigation actions, and set the standards to measure the progress of the mitigation efforts. Despite their important functionalities, firm-level mitigation targets have rarely been studied. In this paper we aim to provide a comparative view on mitigation targets set by global firms across different countries and industrial sectors. The analysis focuses on four dimensions, i.e., adoption, metric, scope, and stringency. We find Japan far leads the other major countries in terms of target adoption, but the targets of Japanese firms are generally less stringent. Canadian firms are laggards in both target adoption and target stringency. The mitigation targets are also considerably uncommon among Australian firms. Firms in developing countries fall behind in target stringency and display a significantly greater divergence than developed countries in sectoral adoption rate. The European Union firms are most likely to cover the emissions in their supply chains in targets. Target stringency has substantially tightened from 2005 to 2012. For all the countries in this study, around 95% of the firm-level targets are more stringent than the Intended Nationally Determined Contributions submitted to the Paris Agreement. Setting mitigation target has a significant positive impact on both the likelihood of investing in renewable energy and the amount of investment in renewable energy. However, there is no evidence that more stringent targets lead to higher investment. These findings point to the most pressing issues with regard to corporate mitigation target-setting that policymakers and corporate management should address. [ABSTRACT FROM AUTHOR]

Renewable energy is an efficient tool to support China's endeavors to keep energy independence and mitigate climate change. This paper applies a Divisia index approach to investigate the factors governing renewable energy development in China, including the supply mix, energy security, carbon emission, and to forecast these requirements for the year 2020 and 2030. Grey relational model is employed to verify the relationships between renewable energy and its drivers. The results of the forecasts reveal the challenges of long-term deployment for renewable energy technologies. Other results show that during the research period, energy security makes a major contribution to renewable energy development. Energy security and substitution rate have relatively closer relationships with new and total renewable energy consumption respectively than that of other factors. Scenario analyses suggest that strong and continuing renewable energy policies will be helpful to achieve sustainable energy development in China and a strong synergy between renewable energy and energy security would emerge in the future. [ABSTRACT FROM AUTHOR]

This study conducted a comparative assessment and a meta-analysis of 48 greenhouse gas (GHG) emissions reduction scenarios based on bottom-up energy system analyses for 2030 reported in seven studies published between 2011 and 2015 to obtain insights into the ambition level of Japan's official mitigation target for 2030. First, the scenarios were categorised into four mitigation effort levels and assessed the GHG emissions range (excluding land use, land use change and forestry: LULUCF) as well as key underlying energy-related indicators for each effort level category. Second, a multiple regression equation was derived and applied to project GHG emissions with selected energy-related explanatory variables. Using the derived regression equation, we calculated the levels of low-carbon energy supply and end-use energy savings required to achieve different levels of GHG mitigation. In the first analysis, GHG emissions levels ranged between 16% and 39% below 1990 levels for scenarios that are categorised to have the highest level of mitigation efforts including those consistent with the 2 °C target, with the nuclear power share ranging at 0–29%. The second analysis indicated that regardless of the future nuclear share, GHG emissions reductions of more than 25% from 1990 levels may be considered a minimum effort required in the global efforts towards the 2 °C target. In this view, Japan's official 2030 target (15% below 1990 levels excluding LULUCF) is suggested to be insufficient, especially in light of the UNFCCC Paris Agreement. Strengthened pre-2020 targets and efforts to reduce energy end-use are essential to achieve such mitigation targets. [ABSTRACT FROM AUTHOR]

Anthropogenic global climate change has large and mounting negative economic impacts. Companies and nations responsible for greenhouse gas (GHG) emissions are thus acquiring considerable potential liabilities. If litigation becomes widespread, renewable energy technologies (RETs) potentially offer emitters reduced liability for climate change. This benefit has been ignored because of the lack of knowledge of potential liabilities. To overcome this information deficit, this paper reviews recent literature on the potential for climate change litigation and methods to quantify liability for climate change. Next, the top 10 emitters in the U.S. are identified and their potential liability is quantified using standard GHG emission costs. Potential liabilities are explored in depth with a single case study company comparing the results of the fractional liability from only natural disasters within the U.S. for a single year to a sensitivity of the future costs of carbon emissions from other sources of emission-related liability. Then classes of potential climate change litigants are identified and their capacity to bring such lawsuits is evaluated. The results show that the net income available to shareholders of large companies could see a significant reduction from the emissions liability related to only natural disasters in the U.S. from a single coal-fired power plant. Finally, a rough estimate of the economic risk associated with future scenarios and existing organized international potential litigants is quantified. The results show that potential liability for climate change for the Alliance of Small Island States is over $570 trillion. It is concluded that as emitters begin to be held liable for damages resulting from GHG emissions resulting in climate change, a high value for liability mitigation would provide additional powerful incentives for deployment of renewable energy technologies. [ABSTRACT FROM AUTHOR]

Abstract/Summary Expansion of renewable energies (=RE) is a key measure in climate change mitigation. For this expansion mountainous areas are regarded as specifically suitable because of their high-energy potential. However, mountains also are biodiversity hot-spots and provide scenic landscapes and therefore offer high natural and cultural value. Preserving this natural and cultural value whilst intensifying RE, is expected to increase land use conflicts. This is of great concern in particular for vulnerable areas such as the Alps. Reconciling RE expansion with the preservation of natural and cultural values and thus minimizing environmental impacts represents one of the most important challenges now. For this a systematic assessment of the wide range of impacts is needed. This literature review scrutinizes RE resources which are relevant in the Alpine region and their effects on the environment by applying the Ecosystem Service approach. Thereby, we identified possible environmental constraints when exploiting Alpine RE potentials and generated recommendations for future strategies on expanding RE. The outcomes highlight the strong need for interdisciplinary research on RE and environmental conflicts. Interdisciplinary approaches such as the concept of Ecosystem Services can help to cover the wide range of aspects associated with these particular human–environment interrelations. [ABSTRACT FROM AUTHOR]

Space-based geoengineering is gaining attention, if not necessarily traction, as a possible "break the glass" solution to mitigate the worst impacts of climate change and facilitate the transition to a low-carbon future. Though still on the periphery of discussions around climate mitigation and geoengineering, space-based methods that would deflect or block incoming sunlight, and thereby diminish how much radiation ultimately reaches the Earth, could offer advantages, notably, by avoiding the need for difficult trade-offs and decisions in terms of land and resource use on Earth. Aside from a few specialist-oriented studies, the literature on space-based geoengineering remains limited. In this study, we utilize a large and diverse expert-interview exercise (N = 125) to provide a first critical examination of the promise and relevance of space-based geoengineering for tackling climate change, including perhaps as a source of renewable energy, its feasibility and prospective risks, as well as key actors and issues related to commercialization and governance. To our knowledge, no other study has employed empirical data of any kind to examine perceptions of space-based geoengineering, let alone in relation to other kinds of climate-intervention technologies. Not only does the current research represent the first of its kind, it also provides a foundation for more informed, comprehensive deliberations around this interesting, possibly even necessary solution to climate change. • Space-based solar geoengineering is a radical proposal for tackling climate change. • No study has so far employed empirical data to explore perceptions of space-based proposals. • Our data is derived from a diverse set of 125 original interviews with key experts. • The promise, feasibility, and risks for climate mitigation are critically examined. • We also engage with the potential of sunshades to provide significant amounts of renewable energy. [ABSTRACT FROM AUTHOR]

Space-based geoengineering is gaining attention, if not necessarily traction, as a possible "break the glass" solution to mitigate the worst impacts of climate change and facilitate the transition to a low-carbon future. Though still on the periphery of discussions around climate mitigation and geoengineering, space-based methods that would deflect or block incoming sunlight, and thereby diminish how much radiation ultimately reaches the Earth, could offer advantages, notably, by avoiding the need for difficult trade-offs and decisions in terms of land and resource use on Earth. Aside from a few specialist-oriented studies, the literature on space-based geoengineering remains limited. In this study, we utilize a large and diverse expert-interview exercise (N = 125) to provide a first critical examination of the promise and relevance of space-based geoengineering for tackling climate change, including perhaps as a source of renewable energy, its feasibility and prospective risks, as well as key actors and issues related to commercialization and governance. To our knowledge, no other study has employed empirical data of any kind to examine perceptions of space-based geoengineering, let alone in relation to other kinds of climate-intervention technologies. Not only does the current research represent the first of its kind, it also provides a foundation for more informed, comprehensive deliberations around this interesting, possibly even necessary solution to climate change. • Space-based solar geoengineering is a radical proposal for tackling climate change. • No study has so far employed empirical data to explore perceptions of space-based proposals. • Our data is derived from a diverse set of 125 original interviews with key experts. • The promise, feasibility, and risks for climate mitigation are critically examined. • We also engage with the potential of sunshades to provide significant amounts of renewable energy. [ABSTRACT FROM AUTHOR]

The role of low-carbon energy and trade on the environment has drawn several studies that have looked at issues from different perspectives, thus yielding differing conclusions. Considering the current emphasis on the COP25 conference and the commitment to cut down carbon emissions level, this study also draws strength from the United Nations Sustainable development Goals (UNSDGs) that comprises of positive strides for access to clean and responsible energy consumption (SDGs 7, 12) and climate change mitigation issues (SDG-13). To this end, this study is a timely outlook that underpins the case of the European Union (EU) countries as well as the root cause of anthropogenic activities on clean trajectory of global environment. Hence, we investigate the connection between alternative and sustainable energy source, trade, income and emissions in 27 selected European Union economies by utilizing data covering the period 1990–2017 on an annual frequency. We used second-generation panel model estimators to analyze the relationship between the variables in the long-run. Specifically, the long run results from the MG (Mean Group), AMG (Augmented Mean Group), and CCEMG (Common Correlated Effects Mean Group) estimators reveal that sustainable and alternative energy sources have a negative significant impact on pollutant emissions while trade and income have a positive impact on carbon emissions except that the impact of trade is insignificant. Although the positive impact of openness in trade on carbon emission is insignificant, the positive impact suggests that the free-trade policy that is currently in place in the EU should further incorporate sustainable development goals (SDGs) to avoid the outsourcing of carbon emissions among the member countries. Causality tests reveal a feedback hypothesis between renewable energy, income, trade, and carbon emanations. The investigation proposes expanded utilization of sustainable power source to mitigate carbon emissions in the European Union. • Outlook of EU-27 alternative energy and regional trade. • The panel techniques of common correlated effect is employed. • Alternative energy utilization in the regional bloc aids. • Regional trade policy in the EU could posit environmental hardship. • Real income growth in the region hampers environmental sustainability. [ABSTRACT FROM AUTHOR]