Apr 02, 2015 - 11:30am
As momentum builds to the Paris climate talks in December and countries continue to advance their domestic climate efforts and post-2020 emission reduction targets, The Climate Institute will continue to provide monthly updates of global climate action.
This Research Brief highlights international policy developments that took place in March.
Over the past month several countries formalised their initial post-2020 emission reduction offers including the United States, the world’s biggest economy. Others ramped up their domestic climate action, with China’s clamp down on coal use among the key headlines.
On the back of domestic policies, global investment in renewable energy has been growing steeply, with Bloomberg New Energy Finance reporting a 17 per cent increase in investment to $270 billion in 2014.
Australia has not yet put forward its post-2020 target; it’s expected to mid-year, but the government began its consultation process in March to define what Australia’s post-2020 target should be.
Download the Research Brief below to learn the latest global developments.