To secure the future energy needs of our nations, some actions are imperative:
- Carbon pricing: We need to try and create a truly balanced energy portfolio. This means considering the true cost of energy from each source and maximizing the sources of energy that cost us the least in the long-term, once all factors have been taken into account. All energy sources – especially renewables – need a level playing field. We need to set an appropriate pricing of carbon, globally, with a multilateral binding structure to cap and reduce emissions, so that emitters – including fossil fuel plants – absorb this external cost.
- Public and private partnerships: The fight against climate change is not the politicians' responsibility alone. Governments needs to then put into place policies which encourage private sector investments – and the private sector needs to exploit them to the maximum.
- Legally binding emissions agreement: It is absolutely necessary that the world agrees to a legally binding agreement, backed by strong government compliance, by 2015 at the latest. If the pledges that were set forth by the Kyoto Protocol are not to be met, the emission gap would be more than 12GtCO2e – evidence to the importance of a binding agreement.
- Targets: Many countries have taken a very strong stance against climate change and have set difficult targets for emission reduction and renewable energy development. All nations need to join this endeavour and aim for up to 25 per cent renewable energy targets.
Through these steps we can ensure sustainable, inclusive growth for our global economy and secure a green future for generations to come.
“If we continue on our present course of burning fossil fuels, the UN Intergovernmental Panel on Climate Change projects that we could reach 2°C by 2050 and 3°C by 2070. We are running out of time.”
Ed Mazria, founder, Architecture 2030