The Pathways To A Low-Carbon Future: Technology

This is the second instalment of our investigation into the possibilities for a low-carbon future, where Vincent Diringer focuses on technology. The biggest fallacy is as follows: there is a need for continuous power generation, and the intermittency of renewables would make it impossible for it to be a viable option. The solution needed isn’t one-size-fits-all, and the sheer amount of projects being undertaken are certain to help find the best available option for any sector, issue, or entity.

The Center of Climate Innovation and Sustainability: Fostering Climate Action in Peru

This Peruvian Climate Project was founded by environmental engineers in 2018. CICS offers the local communities innovative solutions for climate change adaptation and mitigation, while respecting traditions and the cultural heritage of the communities. They have also recently launched Habla Clima, a platform for dialogue about climate change and sustainability.

The Social Discount Rate

The Social Discount Rate (SDR) represents the value we place on the welfare of future generations and consequently the cost that society today should bear for future generations - a low SDR places a similar value on future generations’ welfare as on current ones, a high SDR does the opposite. A high SDR used in policymaking results in much less money being spent on climate action today.  An example of different discount rates being used in climate models can be seen in the Stern vs Nordhaus debate, whereas Nordhaus used a high and Stern a low discount rate. 

Categories Economic Concepts

What is Jevon’s Paradox?

Jevon’s paradox describes how a more efficient use of one resource can actually result in the opposite: an increase in use of that particular resource. In 1992, Harry Saunders built on Jevon’s paradox and said “energy efficiency gains will increase consumption above where it would be without these gains”. Efficiency alone is not enough to reduce the overall consumption of energy, but needs to be employed in conjunction with policies that limit the use of energy as well.

Categories Economic Concepts