Atlantic Council Board Member Carlos Pascual writes for GE Reports/Ideas on how to make emissions-reducing projects more attractive:
Over the course of 2015, large parts of the energy and environmental world will focus attention on achieving a new form of legally binding climate agreement in Paris under the auspices of the UN Framework Convention on Climate Change.
Such an agreement would be based on “intended nationally determined contributions” (INDCs), where nations will propose targets for emission reductions that are legally binding under national law. To make this exercise meaningful, nations must go beyond “target setting” and change energy-investment incentives to make reducing emissions commercially viable.