Blog Post

The Inflation Reduction Act and US Journey to Net-Zero Emissions: electric vehicles, buildings electrification, hydrogen economy, and more

Julie Topf • Jan 05, 2023


December, 2022 

 

The past two years under the Biden-Harris Administration have been characterized by important progress to advance the energy transition and environmental justice in the US. With climate change as a top priority of the Administration, President Biden has rejoined the Paris Agreement, created the first-ever National Climate Task Force, and set national goals to: (1) reduce US greenhouse gas emissions 50-52% below 2005 levels in 2030, (2) reach 100% carbon pollution-free electricity by 2035, (3) achieve a net-zero emissions economy by 2050, and (4) deliver 40% of the benefits from federal investments in climate and clean energy to disadvantaged communities through the Justice40 Initiative. These efforts, among others, have been complemented by the passage of landmark legislation that is providing historic clean energy investments and incentives to accelerate emissions reductions and climate resilience across the country. 


Signed into law in November of 2021, the Bipartisan Infrastructure Law (BIL), also known as the “Infrastructure Investment and Jobs Act,” provides $65 billion for clean energy and grid-related investments, with further resources for “upgrading the power grid, improving public transit and investing in zero-emission transit and school buses, installing a nationwide EV charging network, cleaning up legacy pollution, replacing lead pipes and delivering clean water.” Additional transformative investments are being unlocked by the Inflation Reduction Act (IRA), the most significant legislation in US history to tackle the climate crisis and strengthen American energy security, which was signed into law in August of 2022 to provide $369 billion toward advancing clean energy solutions and promoting community-scale environmental justice nationwide. 


Despite the progress being achieved by these recent political developments, there are several actions that the Biden-Harris Administration should begin to take now to ensure the US reaches net zero emissions by 2050. Such actions are described in America’s Zero Carbon Action Plan (ZCAP), which charts out the path to deep decarbonization in the US via a technical (infrastructure), economic (spending and jobs), and policy framework that the federal government can use to realize net-zero carbon emissions by mid-century. Over the last two years, the Administration has made mixed progress toward achieving the ZCAP’s policy recommendations. For example, although the US has successfully begun to reestablish its foreign political leadership in climate, the government has not yet implemented binding national emissions reductions goals or sufficient mandates for transport and building electrification. A breakdown of the Administration’s progress toward achieving the ZCAP’s recommendations can be found in this matrix.


The recent passage of the IRA presents an unprecedented opportunity for the Administration to continue implementing these policy recommendations to advance the national energy transition. The social, political, technological, and economic shifts generated by the law have the potential to significantly accelerate decarbonization efforts across the country. Accordingly, recent conversations with experts from Evolved Energy Research and the Zero Carbon Consortium––the cohort of renowned US researchers responsible for creating the ZCAP––have begun to examine the impacts the IRA may have on the US journey to net zero emissions by 2050.


Key findings shared by Evolved Energy Research include:

  • The IRA effectively incentivizes deep decarbonization energy system activities in the near to medium-term. Through 2035, the impacts of the IRA have the potential to achieve the most critical benchmarks set forth in the lowest cost pathways to a net-zero economy across all four pillars of decarbonization (electricity decarbonization, energy efficiency, captured carbon, energy electrification).
  • Because most IRA provisions end in the early 2030s, future policy will be needed for continued emissions reductions after 2035 and would make possible even deeper emissions reductions in the next decade. The IRA’s impacts are blunted in the 2035-2050 timeframe as the expiration of clear energy tax credits plateaus emissions reductions progress from electricity, vehicle electrification progress is slowed, buildings and industry are still fueled by significant amounts of natural gas, and a lack of continued support for zero-carbon fuels and CO2 capture stall expansion of the carbon management sector. Please see the image below for a visualization of the gaps in IRA support over time.


  • IRA demand-side adoption incentives focus on the electrification of transportation (zero emissions freight and light duty vehicles), and to a lesser extent the electrification of buildings.
  • Aggressive tax incentives for zero emissions vehicles (ZEVs) accelerate ZEV adoption in the near-term (2020s-early 2030s) faster than anticipated. However, in the long-term, incomplete turnover of freight vehicles leaves more internal combustion engine vehicles on the road due to other factors, such as potential supply chain constraints.
  • IRA incentives also accelerate building electrification through the early 2030s, but limited funding sources exhausts deployment and results in only modest electrification.
  • Through 2050, the transformation of the transportation sector drives significant increases in electricity demand. Aggressive ZEV deployment results in reduction in oil demand, but limited building and industrial electrification and efficiency leaves a significant amount of pipeline gas.
  • The IRA has the potential to dramatically reduce emissions in the electricity sector, if clean resources and transmission can be sited rapidly; however, electricity growth after 2035 may not be met with new clean resources given the expiration of tax credits. In addition, because clean energy tax credits do not distinguish between the carbon intensity of residual fossil fuels, coal generation increases overall emissions from the electricity sector.
  • IRA incentives accelerate hydrogen deployment in the 2020s-2030s and should help bring down the cost of electrolyzers. However, after expiration of tax credits, even with lower costs of technologies, hydrogen growth starts to stall out. 
  • IRA incentives for carbon capture are most attractive for industry and existing biofuel production (ethanol). While the IRA does not offer many new incentives for biofuels, it does offer incentives for direct air capture. The majority of captured carbon will be stored geologically, with the residual share of captured carbon used as feedstock to produce synthetic liquid fuels.
  • The gap between US emissions and the nationally determined contribution (NDC) target (50% reduction from 2005 baseline) is ~700 Mt CO2e in 2030. The IRA reaches a 50% reduction by 2035.
  • Anticipation of induced changes (domestically and globally) is difficult, but the IRA does appear to position the US well in key sectors (electricity and transportation), and with the deployment of technologies that may be critical in the longer-term (hydrogen, direct air capture, etc.).



Experts from Evolved Energy Research, the Zero Carbon Consortium, and the SDSN USA network at large are committed to continue building on this national momentum and look forward to new collaborations to keep supporting the US clean energy transition in the new year.



Supporting Materials:



About the Zero Carbon Action Plan (ZCAP)


A science-based, comprehensive policy framework that presents a strategic plan to create a carbon-neutral economy for the United States by 2050. The ZCAP offers detailed chapters on the solutions for reducing emissions across six key sectors: power generation, transportation, industry, buildings, food and land use, and materials. The Plan lays out a strategy for putting Americans back to work building a vibrant 21st century U.S. economy based on advanced technologies, good jobs, clean energy, climate safety, and economic security. The strategy for transitioning from the fossil fuel status quo to a low-carbon energy future builds on four pillars: (1) using energy more efficiently (2) decarbonizing electricity; (3) switching from fossil fuel combustion to electricity in most current uses; and (4) carbon capture and storage. For more information and access to the Plan, please visit
www.unsdsn.org/Zero-Carbon-Action-Plan.


About the Zero Carbon Consortium


The ZCAP was designed by a cohort of nearly 100 researchers and 19 Chairs from across SDSN USA who make up the Zero Carbon Consortium, experts in their fields of climate change policy across six key sectors: electricity (power) generation, transportation, industry, buildings, sustainable land-use, and sustainable materials management. For a complete list of Consortium members, please see the full ZCAP report at www.unsdsn.org/Zero-Carbon-Action-Plan.


About Evolved Energy Research (EER)


Evolved Energy Research, LLC is a leading research and consulting firm focused on the transition to a low-carbon energy economy. Experts from Evolved Energy Research are responsible for the development of novel modeling tools and pathways reports at the forefront of the field. EER has collaborated with SDSN on various deep decarbonization pathways studies, including the ZCAP. For more information about EER, please visit https://www.evolved.energy/. For pathways studies co-created by SDSN and EER, please visit https://www.unsdsn.org/climate-and-energy.


About SDSN USA


The SDSN USA network brings together researchers, knowledge creators, and thought leaders to mobilize expertise on the advancement of the Sustainable Development Goals (SDGs) in the United States. The network is co-hosted by Columbia University, Howard University, and the University of California, San Diego. The network was launched in December 2018 and has quickly grown to become the largest network within SDSN. For more information, please visit www.sdsnusa.org or email usa@unsdsn.org.

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Deadline for applying: 26 April 2024 (Applications will be reviewed on a rolling basis) ------------------------------------------------------------------------------------------------------------------------------------- A PROPOS DE SDSN UN Sustainable Development Solutions Network (“SDSN”) opère depuis 2012 sous les auspices du Secrétaire général de l'ONU. SDSN mobilise l'expertise scientifique et technologique mondiale afin de promouvoir des solutions pratiques pour le développement durable, notamment la mise en œuvre des Objectifs de Développement Durable (ODD) et de l'Accord de Paris sur le climat. Nous visons à accélérer l'apprentissage commun et à promouvoir des méthodes intégrées qui répondent aux défis économiques, sociaux et environnementaux interconnectés auxquels le monde est confronté. SDSN travaille en étroite collaboration avec les agences des Nations Unies, les institutions financières multilatérales, le secteur privé et la société civile. 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SYNTHESE DU POSTE A POURVOIR Nous recherchons un/e développeur/développeuse junior full stack pour rejoindre notre équipe afin de soutenir le développement de nos plateformes web interactives et de nos visualisations de données sur les objectifs de développement durable, y compris ceux présentés dans le SDG Transformation Center . Nos plateformes et outils aident à informer et à donner aux décideurs politiques, aux organisations de la société civile et au grand public les moyens de prendre des décisions fondées sur des données pour un plus grand impact. Si vous recherchez un poste de développeur/développeuse au sein d'une organisation axée sur une mission, SDSN est un endroit où vous pourriez grandir et prospérer. PRINCIPALES RESPONSABILITES Gestion des applications Web : maintenir notre portefeuille d'applications Web actuel, y compris les visualisations de données et les sites Web statiques. Développement de fonctionnalités et d'applications Web : travailler en étroite collaboration avec un ‘product owner’ et un spécialiste GIS pour conceptualiser et mettre en œuvre de nouvelles fonctionnalités dans notre portefeuille d'applications Web existant, ainsi que pour la création de toutes nouvelles applications Web. Votre créativité et vos compétences techniques aideront à visualiser des modèles de données complexes pour une grande variété d'utilisateurs. Collaboration interfonctionnelle : coordonner activement avec les équipes interfonctionnelles pour définir les spécifications et fournir des applications Web sur mesure qui répondent à leurs besoins. Prise en charge des flux de travail de données : participer à diverses activités centrées sur les données au SDSN, telles que les extractions et l'analyse de données. Mise à jour dans le domaine du web développement : rester informé des dernières tendances du secteur et des meilleures pratiques en matière de développement web et de visualisation de données. Appliquer ces connaissances pour améliorer continuellement nos processus. Autre : effectuer d'autres tâches selon les besoins QUALIFICATIONS, FORMATION ET EXPERIENCE Baccalauréat ou maîtrise en informatique, statistiques, économie ou dans un autre domaine quantitatif OU deux à trois ans d'expérience professionnelle COMPETENCES CONNEXES Requis: Solide connaissance des environnements React et Node, JavaScript, HTML et CSS Connaissance du contrôle de version git et de GitHub Expérience en développement de sites Web Maîtrise de l'anglais Souci du détail Autonome, capable de travailler de manière indépendante ainsi qu'avec différentes équipes Attitude proactive et axée sur la résolution de problèmes Facultatif: Compétences en conception UX/UI Connaissance des données et des statistiques Expérience dans la création d'applications Web avec NextJS Connaissance des frameworks CSS modernes tels que Material UI ou Tailwind Familiarité avec Python, R ou Stata Familiarité avec les outils de cartographie interactive (ArcGIS) Expérience de test d'applications Web à l'aide de Jest et Cypress Familiarité avec la conception graphique (par exemple, Illustrator, Inkscape) INFORMATION IMPORTANTE Lieu de travail: Paris, régime de travail hybride (2 ou 3 jours par semaine de télétravail) Durée du contrat: CDD pour 12 mois, avec possibilité de renouvellement et de transformation en CDI à durée indéterminée. Le poste est à pourvoir dès que possible. Salaire: En fonction de l’expérience. Avantages: SDSN offre des congés généreux et une politique de travail flexible et hybride. Les membres de l'équipe de SDSN ont la possibilité de suivre certaines discussions très stimulantes sur le développement durable. Dans le cadre de leur travail, les membres de l'équipe ont l'occasion de rencontrer et d'échanger avec certains des plus grands leaders mondiaux en matière de développement durable - professeurs, économistes, auteurs de best-sellers, éducateurs et universitaires. En outre, l'équipe du SDSN est composée de professionnels du développement durable brillants et dynamiques, issus de pays et d'horizons différents. Grâce à cette exposition et à cet environnement uniques, chaque membre de SDSN peut apprendre et se développer tout en faisant le travail qu'il aime et en contribuant à un impact positif. 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Paris, Ile-de-France, France ABOUT SDSN The UN Sustainable Development Solutions Network (SDSN) has been operating since 2012 under the auspices of the UN Secretary-General. SDSN mobilizes global scientific and technological expertise to promote practical solutions for sustainable development, including the implementation of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. We aim to accelerate joint learning and promote integrated approaches that address the interconnected economic, social, and environmental challenges confronting the world. SDSN works closely with United Nations agencies, multilateral financing institutions, the private sector, and civil society. It is directed by Professor Jeffrey D. Sachs and operates through offices in New York, Paris, and Kuala Lumpur. POSITION SUMMARY The SDSN Paris Office is looking for an experienced Strategic Advisor to support partnership development and fundraising efforts. 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Prepare project proposals and approach potential partners including governments, philanthropists and foundations. Represent the SDSN Paris in high-level meetings. Liaise with senior managers in Paris to understand needs and strategic priorities. Gain transversal knowledge across projects of timelines, reporting mechanisms. Help increase the outreach and visibility of SDSN’s work and in particular the work of the SDG Transformation Center internationally. Contribute to donor compliance, audit processes and grant management. Communications & outreach (30%): Present the work of the SDSN in seminars, workshops and roundtables. Working closely with the SDSN Head of Communications, lead communications efforts for the SDSN Paris Office in particular the social media and website of the SDG Transformation Center and FABLE teams Help prepare press releases and liaise with reporters. Organize the logistics and send out invitations for high-level launch events. Analytical work on SDG policy & data (20%): In collaboration with the SDSN Networks’ team, prepare the annual survey and collect data on Government Efforts and Commitment for the SDGs Expand SDSN’s work on Policy Trackers for key SDG Transformations, in particular on SDG localization. Working closely with the SDG Index team, explore innovative ways to leverage geospatial (GIS) technologies to track SDG progress Provide inputs when needed to SDSN’s flagship reports and working papers, including the Sustainable Development Report & Global Commons Stewardship Index. Perform any other tasks as needed. QUALIFICATIONS, EDUCATION, AND EXPERIENCE An advanced University degree (Master’s or Ph.D) in economics, international studies, political science, business administration, industrial ecology, environmental science, or other relevant topic Experience working on sustainable development issues, preferably acquired in an international context Strong background in partnership development at the international level Experience in fundraising, managing donor relationships and preparing audit reports RELATED SKILLS Strong analytical, quantitative, and empirical research skills; and proven ability to link findings to public policy analysis and recommendations Proven ability to develop constructive relationships with key actors and networks in the area of environmental sustainability Diplomatic skills and ability to work in a team environment Knowledge of one statistical package, preferably STATA and/or R, would be a plus Fluency in English (both written and spoken) is required Professional capacity in French and other languages would be a plus IMPORTANT INFORMATION Location: Paris. The office has a hybrid model of work with 2-3 days at the office. Contract Length: CDD, 18 months (with possibility of conversion to a CDI). The selected candidate would start ideally by June 2024 or in September 2024. Salary Range: depending on experience. Benefits: SDSN offers generous leave allowances and flexible, hybrid work policy. SDSN team members are given the opportunity to follow some of the most thought-provoking discussions on sustainability. In their work, team members get the opportunity to meet and exchange with some of the world’s greatest leaders in sustainable development – professors, economists, bestselling authors, educators, and academics. With such unique exposure and environment, each member of SDSN can learn and grow while doing the work they love and contribute with a positive impact. Reports to: VP and Head of the Paris Office Work authorization: SDSN does not sponsor visas, and therefore applicants must have the right to work in France. SDSN IS AN EQUAL OPPORTUNITY EMPLOYER SDSN provides equal employment opportunities to all employees and applicants for employment without regard to unlawful considerations of race, color, creed, religion, gender, sex, national origin, ancestry, citizenship status, genetic information, military or veteran status, age, and physical or mental disability, or any other classification protected by applicable local, state, or federal laws. APPLICATION PROCESS To apply, please submit a cover letter , your CV and references on HR Partner . Application materials should be submitted in English preferably (but possible also to submit them in French). Deadline for applying: May 1st (Applications will be reviewed on a rolling basis) ---------------------------------------------------------------------------------------------------------------------------- CONSEILLER/E STRATEGIQUE A PROPOS DE SDSN UN Sustainable Development Solutions Network (“SDSN”) opère depuis 2012 sous les auspices du Secrétaire Général de l'ONU. SDSN mobilise l'expertise scientifique et technologique mondiale afin de promouvoir des solutions pratiques pour le développement durable, notamment la mise en œuvre des Objectifs de Développement Durable (ODD) et de l'Accord de Paris sur le climat. Nous visons à accélérer l'apprentissage commun et à promouvoir des méthodes intégrées qui répondent aux défis économiques, sociaux et environnementaux interconnectés auxquels le monde est confronté. SDSN travaille en étroite collaboration avec les agences des Nations Unies, les institutions financières multilatérales, le secteur privé et la société civile. Il est dirigé par le professeur Jeffrey D. Sachs et fonctionne par l'intermédiaire de bureaux à New York, Paris et Kuala Lumpur. A PROPOS DU POSTE A POURVOIR Le bureau parisien du SDSN recherche un/e conseiller/conseillère stratégique expérimenté/e pour soutenir le développement de partenariats et les efforts de collecte de fonds. En étroite collaboration avec le Vice-Président - Chef du bureau de Paris, le/la conseiller/conseillère stratégique sera chargé/e de nouer des relations avec des partenaires au niveau mondial afin de faire progresser la mise en œuvre des ODD. Le/la conseiller/conseillère stratégique travaillera en étroite collaboration avec le réseau mondial d'institutions internationales, nationales et d'universités et centres de recherche de SDSN ainsi qu'avec d'autres partenaires. Le/la conseiller/conseillère stratégique contribuera également à soutenir les efforts du SDSN, en particulier ceux du Centre de transformation des ODD , dans le suivi des politiques relatives aux ODD au niveau national. Il/elle rendra compte directement au Vice-Président - Chef du bureau de Paris et travaillera en étroite collaboration avec la Directrice des Opérations & de la Gestion des Subventions. PRINCIPALES RESPONSABILITES Partenariats, collecte de fonds et suivi (50%) : Diriger et coordonner la stratégie de collecte de fonds du SDSN Paris, en collaboration avec le Vice-Président - Chef du bureau de Paris et les managers. Préparer des propositions de projets et approcher des partenaires potentiels, y compris des gouvernements, des philanthropes et des fondations. Représenter le SDSN Paris dans des réunions de haut niveau. Assurer la liaison avec les managers à Paris pour comprendre les besoins et les priorités stratégiques. Acquérir une connaissance transversale des échéances et des mécanismes d'établissement de rapports pour l'ensemble des projets. Contribuer à accroître la portée et la visibilité du travail du SDSN et en particulier du travail du SDG Transformation Center à l'échelle internationale. Contribuer au respect des exigences des donateurs, aux processus d'audit et à la gestion des subventions. Communication et sensibilisation (30 %) : Présenter le travail du SDSN lors de séminaires, d'ateliers et de tables rondes. En étroite collaboration avec la responsable de la communication du SDSN, diriger les efforts de communication pour le bureau de Paris du SDSN, en particulier les médias sociaux et le site web du SDG Transformation Center et de l’équipe FABLE. Aider à préparer les communiqués de presse et assurer la liaison avec les journalistes. Organiser la logistique et envoyer les invitations pour les événements de lancement de haut niveau. Travail analytique sur la politique et les données relatives aux ODD (20 %) : En collaboration avec l'équipe du réseau SDSN, préparer l'enquête annuelle et collecter des données sur les efforts et l'engagement des gouvernements en faveur des ODD. Développer le travail du SDSN sur les indicateurs de suivi des politiques pour les transformations clés des ODD, en particulier sur la localisation des ODD. En étroite collaboration avec l'équipe de l'indice SDG, explorer des moyens innovants d'exploiter les technologies géospatiales (GIS) pour suivre les progrès des SDG. Contribuer, le cas échéant, aux rapports et documents de travail phares du SDSN, notamment le rapport sur le développement durable et le Global Commons Stewardship Index (indice mondial de gestion des ressources communes). Effectuer toute autre tâche nécessaire. QUALIFICATIONS, FORMATION ET EXPERIENCE Diplôme universitaire supérieur (Master ou doctorat) en économie, études internationales, sciences politiques, administration des affaires, écologie industrielle, sciences de l'environnement ou autre sujet pertinent. Expérience de travail sur les questions de développement durable, acquise de préférence dans un contexte international. Solide expérience en matière de développement de partenariats au niveau international. Expérience de la collecte de fonds, de la gestion des relations avec les donateurs et de la préparation de rapports d'audit. COMPETENCES CONNEXES Solides compétences en matière d'analyse, de recherche quantitative et empirique ; et capacité avérée à relier les résultats à l'analyse et aux recommandations en matière de politique publique. Capacité avérée à développer des relations constructives avec des acteurs et des réseaux clés dans le domaine de la durabilité environnementale. Compétences diplomatiques et capacité à travailler en équipe. La connaissance d'un progiciel statistique, de préférence STATA et/ou R, serait un plus. La maîtrise de l'anglais (à l'écrit et à l'oral) est requise. Une capacité professionnelle en français et dans d'autres langues serait un plus. INFORMATION IMPORTANTE Lieu de travail: Paris. Le bureau suit un mode de travail hybride, avec une présence au bureau à raison de 2-3 jours par semaine. Durée du contrat: CDD, 18 mois (avec la possibilité d’une extension en CDI). Le/la candidat/e sélectionné/e commencera idéalement en juin 2024 ou en Septembre 2024. Avantages: SDSN offre des congés généreux et une politique de travail flexible et hybride. Les membres de l'équipe de SDSN ont la possibilité de suivre certaines discussions très recherchées sur le développement durable. Dans le cadre de leur travail, les membres de l'équipe ont l'occasion de rencontrer et d'échanger avec certains des plus grands leaders mondiaux en matière de développement durable - professeurs, économistes, auteurs de best-sellers et universitaires. En outre, l'équipe du SDSN est composée de professionnels du développement durable brillants et dynamiques, issus de pays et d'horizons différents. Grâce à cette exposition et à cet environnement uniques, chaque membre de SDSN peut apprendre et se développer tout en faisant le travail qu'il aime et en contribuant à un impact positif. Superviseur: Vice-Président et chef du bureau de Paris Permis de travail: SDSN ne sponsorise pas les visas, et par conséquent, les candidats doivent avoir un permis pour travailler en France. EGALITE DES CHANCES A L’EMPLOI SDSN est un employeur offrant l'égalité des chances et tous les candidats qualifiés seront considérés de la même manière. PROCESSUS DE CANDIDATURE Pour postuler, veuillez soumettre un CV , une lettre de motivation et les coordonnées de référence à HR PARTNER jusqu’au 1 May 2024 . (Les candidatures seront examinées au fur et à mesure.) Les dossiers de candidature doivent être soumis en anglais de préférence (mais il est également possible de les soumettre en français)
By SDSN Secretariat 01 Apr, 2024
Welcome to SDSN's Month Year Newsletter!
By Info 01 Apr, 2024
The SDSN has launched an 'Employee Spotlight Campaign' to showcase the passion and expertise of our staff.
By SDSN Kenya 28 Mar, 2024
On 25 March 2024, SDSN Kenya joined WRI Africa and other Kenyan partner organizations in co-hosting an interactive workshop and debate format entitled: ‘Carbon Markets: Which Way for Kenya? A Carbon Markets Clinic and Debate’. The full-day event was hosted at Strathmore University in Nairobi, a local SDSN network member institution, ahead of an official Carbon Markets Conference organized by the Kenyan government on 26-27 March. Close to 200 participants were in attendance with leading experts and practitioners from the Nairobi Climate Network, Aspen Initiative, Green Belt Movement, Climate Action Platform-Africa (CAP-A), as well as community and civil society leaders throughout Kenya. In addition to bringing in Kenyan climate and development researchers from the SDSN Kenya network , we were able to facilitate the active involvement of Kenyan ‘carbon’ farmers through contacts of the SDSN FELD (Food, Environment, Land and Development) Programme. These farmers are members of the vast TIST network that links more than 100,000 Kenyan farmers across 5,000 villages with regular payments from global carbon markets for more than a decade. A representative of TIST actively joined the discussion panel to present on the everyday experience of her fellow farmers with already existing carbon market mechanisms – an important practical contribution on what unfortunately is often a controversial, polarized, and abstract issue in Kenyan development discussions. To stimulate vivid debate, expert-led clinic sessions that explained key issues in carbon markets were followed by an Oxford-style debate in the late afternoon. Key issues raised during the event include: Carbon credits and their role in the pursuit of climate commitments under the Paris Agreement to reach “Net Zero”; Carbon pricing mechanisms and controversies around them; Carbon trading transaction costs and project finance; Land ownership and its implications for carbon markets; Inclusivity, benefits sharing, and community safeguarding; Current concerns around integrity, transparency, and the pervasiveness of corporate greenwashing; and Kenya’s legal and policy provisions regulating carbon trading, and their effectiveness. Carbon markets continue to garner significant interest in Kenya, where the government is currently developing a ‘Carbon Credit Trading and Benefit Sharing Bill’. This full day of civil society and expert-led discussions with stakeholders from across the spectrum in Kenya demonstrated both the demand and the importance of bringing complex development and financing issues to a broader audience, alongside government meetings. SDSN is grateful to its partners in Kenya, especially WRI Africa and the FOLU Coalition Kenya Platform, and its funders at the Robert Bosch Stiftung for their support and partnership.
By Science Panel for the Amazon 27 Mar, 2024
The Amazon, the world's largest rainforest and river basin, faces urgent environmental challenges such as deforestation, degradation, and criminality. In response, the Science Panel for the Amazon (SPA) is taking an important step to foster a better understanding of these threats and their impacts to promote participation in developing solutions. In collaboration with the SDG Academy, the World Wildlife Fund (WWF), and the World Bank (WB), and with financial support from the Global Environment Facility (GEF), today, the SPA launched its groundbreaking massive open online course (MOOC), "The Living Amazon: Science, Cultures, and Sustainability in Practice."
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