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Deep Decarbonization Pathways Initiative
The Deep Decarbonization Pathways initiative (DDPi) is a global consortium formed in 2013 which researches methods to limit the rise of global temperature due to global warming to 2°C or less. The focus of the DDPP is on decarbonization pathways for sustainable energy systems, other sectors of the economy, such as agriculture and land-use, are not directly considered. Methods Analyses of possible scenarios assume no major changes in culture and rely on existing technology. They assume no major changes in the lifestyles of people in developed countries and do not include possible future technologies such as nuclear fusion. Population growth of 1% per year and economic growth of 3% is assumed. Analyses show a need for continued research on energy technologies. The DDPi rejects an incrementalist approach to climate protection. Instead, meeting the climate change mitigation challenge (as set out in the 2015 Paris Agreement) will require backcasting to a suitable attractor, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Sachs
Jeffrey David Sachs ( ; born November 5, 1954) is an American economist and public policy analyst who is a professor at Columbia University, where he was formerly director of The Earth Institute. He worked on the topics of sustainable development and economic development. Sachs is director of the Center for Sustainable Development at Columbia University and president of the UN Sustainable Development Solutions Network. He is an SDG Advocate for United Nations (UN) Secretary-General António Guterres on the Sustainable Development Goals (SDGs), a set of 17 global goals adopted at a UN summit meeting in September 2015. From 2001 to 2018, Sachs was special advisor to the UN Secretary General, and held the same position under the previous UN Secretary-General Ban Ki-moon and prior to 2016 a similar advisory position related to the earlier Millennium Development Goals (MDGs), [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stranded Asset
Stranded assets are "assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities". Stranded assets can be caused by a variety of factors and are a phenomenon inherent in the 'creative destruction' of economic growth, transformation and innovation; as such they pose risks to individuals and firms and may have systemic implications. Climate change is expected to cause a significant increase in stranded assets for carbon-intensive industries and investors, with a potential ripple effect throughout the world economy. The term is important to financial risk management in order to avoid economic loss after an asset has been converted to a liability. Accountants have measures to deal with the impairment of assets (e.g. IAS 16) which seek to ensure that an entity's assets are not carried at more than their recoverable amount. In this context, stranded assets are also defined as an asset that has become obsolete or non-performing, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
