Abstract
Fully decarbonising global power supply is essential to meet the objectives of the Paris Agreement. A wide range of inter- and transnational governance institutions exist that work towards the transformation of the power sector. But are these governance efforts sufficient to address the challenges? To address this question the article first identifies governance needs on the basis of systemic sector-specific transformation challenges and discusses the potential for international governance to address them. Second, the paper surveys existing inter- and transnational institutions and assess to what extent they exploit the potential of international governance. The analysis shows that many of the governance needs are already being satisfied to some extent, particularly with respect to the deployment of renewable energy. It also shows that a significant blind spot remains: the phase-out of fossil fuels for electricity generation. The detailed analysis enables us to identify options for enhancing the governance landscape.
Highlights
World Bank indirect contribution through pledge to stop financing the upstream of oil and gas; aligning funding policies with well below 2°C target underwrites overarching signals
Indirect contribution through aligning funding policies with well below 2°C target underwrites overarching signals working with countries on improving transparency and governance in their industries; extensive statistical database; global tracking framework
Powering Past Coal Alliance Clean Energy Ministerial commitments to phase-out coal production and consumption participants commit to phase out existing traditional coal power in their jurisdictions, and to a moratorium on any new traditional coal power stations without CCS high-level political engagement where ministers gather to establish clean energy priorities, support of various strategic global partnerships and programs; attract increased private sector participation and investment working to build global knowledge on energy access financial support for regional member countries
Summary
Knowledge & Learning regular reports of countries’ GHG emissions and tracking progress made in implementing and achieving NDCs; transparency framework under the Paris Agreement pledge to provide USD 100bn climate Finance annually by 2020 and Green Climate Fund (GCF). Technical Expert Meetings, National Communications, Request for IPCC SR1.5.r global indicator framework removing trade barriers through Environmental Goods Agreement
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