Four of the five candidates mentioned climate change a dozen times as a major campaign issue during at the Democratic presidential debates this week. Candidates at the Republican debate were largely silent on the issue.
“This debate shows that climate has become a central issue, right up there with income inequality and broader economic concerns,” said Paul Bledsoe, a climate official under the Clinton administration. “It’s a stunning evolution, one that also shows Democrats see climate change has a profound GOP vulnerability in the general election.”
Vermont Sen. Bernie Sanders and former Maryland Gov. Martin O’Malley touted their own efforts to combat climate change. “I’m the only candidate, I believe, in either party to do this—to move America forward to a 100 percent clean electric grid by 2050,” said O’Malley.
Sanders brought up his push for legislation that puts a price on carbon, and he identified climate change as the main threat for the country—repeating Pope Francis’s message that it was a moral issue.
“The scientific community is telling us: if we do not address the global crisis of climate change, transform our energy system away from fossil fuels to sustainable energy, the planet that we’re going to be leaving our kids and our grandchildren may well not be inhabitable,” Sanders said.
Hillary Clinton, meanwhile, saw climate change as an economic opportunity.
“I’ve traveled across our country over the last months listening and learning,” Clinton said. “And I’ve put forward specific plans about how we’re going to create more good-paying jobs: by investing in infrastructure and clean energy, by making it possible once again to invest in science and research, and taking the opportunity posed by climate change to grow our economy.”
Group Calls for Tougher Action on Climate Change
Twenty countries most at risk of climate change due to arid, landlocked, mountainous, or low lying terrain have formed a new group to demand tougher efforts to curb climate change. The Vulnerable 20 (V20), which held its inaugural meeting in Lima, Peru, last week, is calling for significant mobilization of finance for climate action ahead of a climate agreement set to be negotiated in Paris later this year, and it will share and scale up its own members’ innovative approaches to such finance.
The action plan by the V20 countries—Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, East Timor, Tuvalu, Vanuatu, and Vietnam—seeks to “strengthen economic and financial cooperation and action to address climate change risks and opportunities” as well as to promote a shift to a low-carbon global economy.
The V20 contributes only 2 percent of all global greenhouse gas emissions but asserts that since 2010 it has recorded more than 50,000 annual deaths and suffered an estimated annual decrease in GDP of 2.5 percent attributable to climate change.
“We established this group recognizing the power and potential of finance as an integral tool in solving [climate change],” Cesar Purisima, the Philippines’ finance minister and chair of the V20. “Unified in our vulnerability, the economic threats and difficulties arising from climate change, and heightened sense of urgency on the issue, we stand together on the front lines of a battle we most certainly cannot afford to lose.”
V20 expects to both raise and manage climate monies, and it will establish a public-private “climate risk pooling mechanism,” an insurance-like fund for recovery from extreme weather events and disasters.
Without an effective global response, said Purisima, the V20’s annual economic losses due to climate change would exceed $400 billion by 2030.
New York Set to Explore Linkage with Carbon Markets
Last Friday, New York Gov. Andrew Cuomo announced four major actions by his state to combat climate change and reduce greenhouse gas emissions. One is becoming a signatory to Under 2 MOU—a memorandum of understanding among states, provinces, and cities worldwide to help keep Earth’s average temperature increase to less than 2 degrees Celsius, as measured against pre-industrial levels. Another is engaging partners in the nine-state Regional Greenhouse Gas Initiative (RGGI) in exploring the possibility of linking their power sector-only cap-and-trade program with California and Quebec’s economy-wide carbon markets and with Ontario’s cap-and-trade program, which may join California, Washington, and Quebec in the Western Climate Initiative as soon as 2017.
“Connecting these markets would be more cost-effective and stable, thereby supporting clean energy and driving international carbon emission reductions,” a release stated. “New York State will also engage other states and provinces to build a broader carbon market and further drive an international discussion that encourages government action on carbon emissions.”
ClimateWire reported that carbon trading among states is considered a key mechanism to comply with the Clean Power Plan, which regulates greenhouse gas emissions from existing power plants, and acting EPA air chief Janet McCabe has said that interstate trading, for which RGGI is regarded as a model, could help states maintain an affordable and reliable power supply (subscription).
RGGI members are expected to meet through 2016 to discuss both the future of their program, currently slated to end in 2020, and the program’s use as a possible compliance mechanism for the Clean Power Plan.
The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.