NPR: "An Influential Energy Group Sees Reason for Climate Optimism"
In a story about the International Energy Agency's new global energy outlook report, RFF Fellow Daniel Raimi shares his thoughts about the report's overarching trends.
Every year, the IEA issues a far-reaching report on the world's future energy needs.
It's widely seen as "impartial, expert and very detail-oriented," said Daniel Raimi, a fellow at Resources for the Future who closely reviews these kinds of outlooks...
The projected move away from fossil fuels is nowhere near as fast as climate scientists are calling for. The IEA estimates it would lock in warming around 2.5 degrees Celsius, well over the 1.5 degree target the world has set.
But the fact that current policies would trigger this shift at all is noteworthy, since that's never shown up in the IEA's projections — and it hasn't happened in the real world since the Industrial Revolution began.
Raimi's takeaway: "We are not there. We are not close to there, but we are moving in the right direction."
Report — Apr 7, 2022
Global Energy Outlook 2022: Turning Points and Tension in the Energy Transition
RFF's annual Global Energy Outlook report examines a range of projections for the global energy system, summarizing key implications for global energy consumption, emissions, and geopolitics.
Issue Brief — Nov 21, 2022
The Shadow Price of Capital: Accounting for Capital Displacement in Benefit–Cost Analysis
This issue brief explains why the discounting sensitivity case using a 7 percent investment rate of return is generally incorrect and can yield extremely misleading estimates of the costs and benefits of policies with long-lived impacts.
Media Highlight — Nov 11, 2022
Nature: "Carbon Emissions Hit New High: Warning from COP27"
President and CEO Richard G. Newell is quoted in an article about COP27 and the trajectory of carbon emissions.