Energy [R]evolution

We’re pleased to note that Greenpeace Internationals new Energy [R]evolution study finds a prominent place for the Greenhouse Development Rights approach to global, fair-shares, cost sharing. This, to be sure, is a largely techno-economic study, but Greenpeace does not imagine that rapid technological change will occur in the absence of a major commitment to equity and fairness.

With equity, though, and using only existing technology, the skys the limit.

The Energy [R]evolution demonstrates how the world can get from where we are now, to where we need to be in terms of phasing out fossil fuels, cutting CO2 while ensuring energy security. This includes illustrating how the worlds carbon emissions from the energy and transport sectors alone can peak by 2015 and be cut by over 80 percent by 2050. This phase-out of fossil fuels offers substantial other benefits such as independence from world market fossil fuel prices as well as the creation of millions of new green jobs.

The report homepage, where you can download the full report, can be found here. The logic of its use of GDRs is simple:

But although the Energy [R]evolution envisages a clear technological pathway, it is only likely to be turned into reality if its corresponding investment costs are shared fairly under some kind of global climate regime. To demonstrate one such possibility, we have utilized the Greenhouse Development Rights framework, designed by EcoEquity and the Stockholm Environment Institute, as a way of evening up the unequal ability of different countries to respond to the climate crisis in their energy polices.

For an example of the press coverage, see for example this article from Reuters.