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Strategies to combat climate change may be based on mitigation of the phenomenon or on adaptation to its consequences. This paper aims to identify the driving factors of the choice between these two categories of strategies in the context of urban climate plans. The fight against climate change being characterized by a logic of free riding, the situation tilts the balance towards adaptation strategies in an urban context, to the detriment of mitigation. This hypothesis is tested here through a review of the existing literature on urban climate strategies. This study shows that, counterintuitively, mitigation prevails over adaptation in urban climate strategies up to now. This paper explores the explanations for this seemingly paradoxical situation. We argue that a big part of the explanation has to do with the institutional context of urban climate strategies, specifically the decision-making capacities of municipalities, or the fact that they take part in international networks promoting mitigation over adaptation. Other explanations rely on the cost/benefit impact of adopting mitigation or adaptation, like the collateral local/private benefits of urban climate strategies that are often bigger with mitigation than adaptation. Another finding is that there is no systematic planning making it compulsory to choose between mitigation and adaptation strategies, as they are in some instances complementary, providing co-benefits. [ABSTRACT FROM AUTHOR]

Carbon neutrality is an important policy in the current global response to climate change and has been widely recognized by various industries. In the process of promoting carbon neutrality, new energy plays a pivotal role. In this study, the definition and connotation of new energy and its role and specific operation in the energy transition of carbon neutrality are firstly explained. Promoting new energy development requires significant green and low-carbon investments. Taking China as an example, this paper analyzes the opportunities brought by the carbon neutral process to the field of green finance and analyzes the main features and development trends of green finance in China at present. Then this paper proposes policy recommendations to strengthen the development of green finance in China in terms of improving the green financial policy system, enhancing the supply capacity of green financial services, and optimizing the supporting environment for green financial development. Finally, this paper analyzes the measures and experiences of the United States in promoting low-carbon development and proposes countermeasures for China's low-carbon development on the basis of the five major relationships that need attention in China's carbon-neutral process. That is, strengthen the top-level design and improve the regulatory policy system; optimize the energy structure and increase the proportion of clean energy; optimize the industrial structure and reduce energy consumption in key industries; build a complete low-carbon technology system and promote low-carbon technology research and development and demonstration applications, and encourage local conditions to explore low-carbon development paths. The development of green finance can contribute to the advancement of new energy technologies, thus contributing to the achievement of carbon neutrality goals. [ABSTRACT FROM AUTHOR]

The paper discusses existing trends and prospects for decarbonization in the Commonwealth of Independent States (the CIS), an international organization that regroups Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, and Uzbekistan. The CIS occupies a significant share of Eurasia, representing a large share of global energy consumption and production with a corresponding carbon footprint. These countries and their decarbonization prospects are rarely discussed in the English-language scientific literature. This paper fills in this gap by offering a comprehensive analysis based on statistical data, policy documents, and scenario-based future projections. The results underline that revisiting Nationally Determined Contributions, increasing energy efficiency, and decoupling GDP growth from greenhouse gas emissions are essential to the implementation of the Paris Agreement. The future energy mix should include larger shares of renewable energy, hydrogen, fossil fuels (highly efficient with carbon capture), and nuclear energy to achieve energy security and decarbonize the economy of the region in the long term. [ABSTRACT FROM AUTHOR]

South East Europe is the region in a part of Europe with approximately 65.5 million inhabitants, making up 8.9% of Europe’s total population. The countries concerned have distinct geographical features, various climates and significant differences in gross domestic product per capita, so the integration of their energy systems is considered to be a challenging task. Large differences between energy mixes, still largely dominated by fossil-fuel consumption, make this task even more demanding. This paper presents the transition steps to a 100% renewable energy system which need to be carried out until the year 2050 in order to achieve zero carbon energy society. Novelty of this paper compared to other papers with similar research goals is the assumed sustainable use of biomass in the 100% renewable energy system of the region considered. It is important to emphasize here that only the sustainable use of biomass can be considered carbon-neutral. The resulting biomass consumption of the model was 725.94 PJ for the entire region, which is in line with the biomass potential of the region. Modelling the zero-carbon energy system was carried out using the smart energy system concept, together with its main integration pillars, i.e. power-to-heat and power-to-gas technologies. The resulting power generation mix shows that a wide variety of energy sources need to be utilized and no single energy source has more than a 30% share, which also increases the security of supply. Wind turbines and photovoltaics are the main technologies with shares of 28.9% and 22.5%, followed by hydro power, concentrated solar power, biomass (mainly used in cogeneration units) and geothermal energy sources. To keep the biomass consumption within the sustainability limits, there is a need for some type of synthetic fuel in the transportation sector. Nevertheless, achieving 100% renewable energy system also promises to be financially beneficial, as the total calculated annual socio-economic cost of the region is approximately 20 billion euros lower in the year 2050 than in the base year. Finally, energy efficiency measures will play an important role in the transition to the zero-carbon energy society: the model shows that primary energy supply will be 50.9% lower than in the base year. [ABSTRACT FROM AUTHOR]

In response to the challenge of climate change, personal carbon trading was put forward as a policy instrument to promote low carbon behavior in the household sector. To evaluate the effectiveness of this scheme, it is important to gain insight into the allowance trading and energy consumption behavior in a long emission commitment period. This paper proposes a dynamic programming model to investigate allowance trading and energy consumption. A main feature of the model is its consideration of allowance banking and borrowing activities. Ten simulated scenarios with different allowance prices, price volatility and carbon emission rates are discussed. The findings show that consumers would trade more actively when allowance price is volatile. It is also found that energy consumption and allowance trading will decrease when the carbon emission rate increases. Overall the analysis in this paper implies that personal carbon trading scheme would be an effective policy measure to change consumers' behavior. Therefore it would be valuable for decision-makers to consider the introduction and implementation of this scheme. [ABSTRACT FROM AUTHOR]

This paper explores the effects of framing a polluting activity in different contexts, i.e. different modes of transportation (bus versus plane) and different travel occasions (holiday versus professional training) on the individual willingness to pay (WTP) for carbon offsetting. For both types of framing, we also study additional contributions from the travel provider (i.e. matching). The empirical analyses with mixed logit and latent class logit models are based on data from discrete choice experiments with a representative sample of about 1000 individuals from Germany. The findings suggest substantial and systematic framing effects resulting from varying the mode of transportation, but not the travel occasion. Furthermore, the individual WTP is significantly higher across all four contexts when offsets are matched by the travel provider at a rate of 100%. In contrast, a lower matching rate of 33% is only relevant for one context, i.e. bus trips to a professional training. In addition, our results indicate that re-/afforestation projects are preferred to renewable energies projects or projects to improve energy efficiency. Likewise, projects carried out in a participant's region are preferred to projects implemented in European countries other than Germany or in developing countries. Finally, the WTP for offsets is found to be significantly higher for individuals with higher income, younger age, and stronger environmental and social preferences, as well as for individuals who believe that offsetting is effective in protecting the climate. [ABSTRACT FROM AUTHOR]