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Columbia Energy Exchange

How to Make the Energy Transition More Equitable

Oct 29, 2024
Rahul Tongia, a senior fellow at the Centre for Social and Economic Progress and a professor at Carnegie Mellon University, discusses the equity challenges of the global energy transition. He highlights the disparity in emissions between wealthy and developing nations and advocates for tailored climate strategies that reflect local realities. Tongia explores the complexities of carbon markets, the need for fair financing for low-emission countries, and the balance between fossil fuel use and renewable energy growth in emerging economies like India.
57:06

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Quick takeaways

  • Emerging markets are projected to drive significant emissions growth due to rising energy demands amidst ongoing population increases.
  • Historical emissions data highlights the environmental imbalance, where developing countries' contributions are minimal compared to wealthier nations' cumulative emissions.

Deep dives

The Imbalance of Emissions Responsibility

Emerging markets and developing economies are projected to experience significant growth in emissions, driven primarily by population increases and energy demands. Historical emissions data reveals that despite the increase in emissions, the cumulative contributions of these countries are significantly less than those from wealthier nations. This disparity raises critical questions about climate equity, as merely aiming for fair share emissions targets will not resolve the larger issue of over-emission by affluent countries. A more equitable solution may require poorer nations to take on additional emissions responsibility to help balance the global climate equation.

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