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Why Climate Policy matters for the G20 finance ministers’ agenda

Why Climate Policy matters for the G20 finance ministers’ agenda

06/30/2017 - In order to stay below the 2 °C guardrail set in the Paris Agreement, climate policy should be integrated with the G20 finance ministers’ agenda. Finance ministers should consider the merits of carbon pricing for sound fiscal policy and thereby stimulate investments in carbon-free infrastructure. “It is rational for G20 finance ministers to embrace climate policy, even if climate change is not their primary concern,” writes a team of authors led by the Mercator Research Institute on Global Commons and Climate Change (MCC) in an article published in the new issue of the journal Nature Climate Change. In their article “Aligning climate policy with finance ministers’ G20 agenda”, Ottmar Edenhofer, Chief Economist at the Potsdam Institute for Climate Impact Research (PIK) and Director of MCC, together with MCC Secretary General Brigitte Knopf and colleagues from other institutions argue that investments in fossil fuels have become more risky in the post-Paris world.

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"This decision marks the end of the American century" - PIK and the Trump effect

"This decision marks the end of the American century" - PIK and the Trump effect

06/09/2017 - Last week US President Donald Trump has announced that he will leave the Paris climate agreement. This step not only triggered a wave of indignation around the world, but also led to a media rush on the scientists of the Potsdam Institute for Climate Impact Research. They were able to assess the decision and the importance of the Paris agreement for climate protection.

"This decision marks the end of the American century" - PIK and the Trump effect - Read More…

Carbon Pricing Report launched by leading economists

Carbon Pricing Report launched by leading economists

05/29/2017 - Meeting the world’s agreed climate goals in the most cost-effective way while fostering growth requires countries to set a strong carbon price. That’s the key conclusion of the High-Level Commission on Carbon Prices, presented in a major report today in Berlin by Nobel Laureate Joseph Stiglitz (Columbia University, New York) and Nicholas Stern (London School of Economics), along with commission members Mari Pangestu (Former Minister of Trade, Indonesia, today at Columbia University) and Ottmar Edenhofer (Potsdam Institute for Climate Impact Research). The commission of 13 eminent economists from around the world has identified the range of prices on carbon needed to achieve the Paris Agreement’s climate stabilization goal. According to the scientists, the ambition should be reaching $40-$80 per tonne of CO2 by 2020 and $50-100 per tonne by 2030.

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Climate policy brief for G20 finance ministers

Climate policy brief for G20 finance ministers

03/17/2017 - In a policy brief for the G20 finance ministers, an expert group led by Ottmar Edenhofer proposes low-carbon growth stimulation through a steep increase in sustainable infrastructure, mobilizing sustainable finance, and adoption of carbon pricing. This would simultaneously achieve the objectives of the Paris Agreement and the Sustainable Development Goals, the experts argue. The Finance minister and central bankers of the world's leading economies meet in Baden-Baden, Germany, this weekend. Edenhofer is chief economist of the Potsdam Institute for Climate Impact Research (PIK) as well as Director of the Mercator Research Institute for Global Commons and Climate Change (MCC).

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Sharing insights, shaping the future: PIK Research Days

Sharing insights, shaping the future: PIK Research Days

02/10/2017 - This week, all scientists and staff of the Potsdam Institute for Climate Impact Research (PIK) gathered for their annual roadshow of scientific achievements and discussions of future projects. Packed with presentations and debates, PIK´s Research Days are an unequalled opportunity to share insights and shape the future course of the institute.

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"Transformation now": Earth League meets in Potsdam

"Transformation now": Earth League meets in Potsdam

01/23/2017 - Some of the most distinguished international climate experts are gathering in Potsdam this week for a symposium of the Earth League, a self-organized initiative of leading researchers on global change. During two days, they will discuss how the Great Transformation towards sustainability can be brought about. The success of the Paris climate agreement aiming at completely decarbonizing our economies within a few decades is by no means ensured; fulfilling its objectives requires a ratcheting-up of ambitions through social, political and economic progress.

"Transformation now": Earth League meets in Potsdam - Read More…

New US President a risk for climate policy

New US President a risk for climate policy

01/20/2017 - Today, Donald Trump will be inaugurated as 45th President of the United States. "His populism as a business model will not prove viable in the long term," comments Ottmar Edenhofer, chief economist of the Potsdam Institute for Climate Impact Research (PIK) and director of the Mercator Research Institute on Global Commons and Climate Change (MCC), Professor at Technische Universität Berlin.

New US President a risk for climate policy - Read More…

Scientific policy advise for G20

Scientific policy advise for G20

14/12/2016 – Germany has taken the presidency of the G20 in the beginning of December. Leading PIK-scientists support the Federal Government in this process on several levels. Hans Joachim Schellnhuber, director of the Potsdam Institute for Climate Impact Research (PIK), handed over a Special Report with concrete recommendations for action on a transformation together with the German Advisory Council on Global Change (WBGU). Last week at the kick-off of the so-called T20-process, the team of PIK’s chief economist Ottmar Edenhofer took the lead of the task force on climate policy.

Scientific policy advise for G20 - Read More…

Edenhofer speaks at Tanner Lecture at Princeton University

Edenhofer speaks at Tanner Lecture at Princeton University

Ottmar Edenhofer, Chief Economist of the Potsdam Institute for Climate Impact Research (PIK), speaks at the distinguished Tanner Lecture at Princeton University. Free and open to the public, the Tanner Lectures On Human Values are conducted by leaders of their field. The lectures are considered to be among the most renowned lecture series in the United States, presented annually at each of nine renowned universities including Cambridge, Harvard, Michigan, Oxford, Princeton, Stanford, Utah, Yale, and the University of California, Berkeley.

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"An alliance is emerging": climate summit COP22 concludes

"An alliance is emerging": climate summit COP22 concludes

11/18/2016 - The UN climate summit COP22 in Morocco sent a signal of renewed confidence in the Paris climate agreement - despite the widespread concern that the USA under President Donald Trump might drop out of international climate policy. Leading scientists of the Potsdam Institute for Climate Impact research most actively participated in the international meeting which concluded today. Countries including oil-exporting Saudia Arabia expressed the wish to switch from fossil fuels to renewable energy. Almost 200 nations at two-week talks agreed a statement that the fight against climate change was an "urgent duty" and "irreversible".

"An alliance is emerging": climate summit COP22 concludes - Read More…

The Potsdam Institute at COP22 in Marrakech

The Potsdam Institute at COP22 in Marrakech

11/09/2016 - Researchers from the Potsdam Institute for Climate Impact Research (PIK) are attending the current UN climate summit COP22 in Marrakesch from November 7 to 18. Amongst other events, PIK Director Hans Joachim Schellnhuber will speak at a side-event of the German Advisory Council on Global Change on the science-policy dialogue to reach Paris targets. PIK chief economist Ottmar Edenhofer will discuss the potential of the Paris Agreement in a side event with colleagues from Arizona State University, Harvard Kennedy School and others.

The Potsdam Institute at COP22 in Marrakech - Read More…

Edenhofer advises Volkswagen on sustainability issues

Edenhofer advises Volkswagen on sustainability issues

09/30/2016 - Volkswagen appointed a sustainability council - one of the members is Ottmar Edenhofer, chief economist of the Potsdam Institute for Climate Impact Research. The new body will meet for the first time at the end of October in Berlin. VW is selling more cars than any other corporation worldwide. The company is currently under pressure because of manipulations of diesel engines' emission measurements.

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Edenhofer ranked amongst Germany’s top economists

Edenhofer ranked amongst Germany’s top economists

09/06/2016 - In a ranking of Germany’s “most influential economists”, Ottmar Edenhofer, chief economist of the Potsdam Institute for Climate Impact Research, was placed amongst the top researchers in the field. The grouping published by the renowned daily ‘Frankfurter Allgemeine Zeitung’ (FAZ) is based on data on the scientific, political and media impact of the individual researchers. Edenhofer, who also directs the Mercator Research Institute on Global Commons and Climate Change and is a Professor at Technische Universität Berlin, is the only economist with a focus on climate who scored this high in the ranking.

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German industry and climate experts: G20 should push CO2 pricing

German industry and climate experts: G20 should push CO2 pricing

09/02/2016 - An unusual alliance of business, science and an environmental organization is urging the major economies meeting as G20 this weekend in Hanghzou, China, to push CO2 pricing. The Federation of German Industries (BDI), Germanwatch and the Mercator Research Institute on Global Commons and Climate Change (MCC) led by Ottmar Edenhofer - chief economist of the Potsdam Institute for Climate Impact Research - published a joint proposal in the german weekly ‘Die Zeit’. Pricing greenhouse-gas emissions from fossil fuels is key to achieve the climate stabilization goals set forth in the Paris Agreement, the authors argue. It should both set incentives for CO2 reductions and create more predictability for planning, the authors argue. In the same time, the instrument could raise much-needed revenues for infrastructure investments. The initiative comes ahead of the announcement of the agenda of Germany’s G20 Presidency to commence in December.

German industry and climate experts: G20 should push CO2 pricing - Read More…

The Great Investment Turnaround: how to finance a sustainable world economy

The Great Investment Turnaround: how to finance a sustainable world economy

07/20/2016 - Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”.

The Great Investment Turnaround: how to finance a sustainable world economy - Read More…

PIK ranked among top climate think tanks worldwide

PIK ranked among top climate think tanks worldwide

06/27/2016 - The Potsdam Institute for Climate Impact Research (PIK) belongs to the best climate think tanks worldwide, the new ICCG Climate Think Tank Ranking shows. The assessment by the International Center for Climate Governance analyzed 240 cutting-edge institutions working in the field of climate change economics and policy. Based on a solid quantitative methodology and analytical data, the ICCG lists non-university affiliated think tanks in an absolute and a standardized ranking - the latter based on an institute's output in relation to the number of its researchers. In both competitions, PIK ranks fourth best global climate think tank.

PIK ranked among top climate think tanks worldwide - Read More…

“The world in 2050”: Mercator Climate Lecture with economists Sachs and Edenhofer

“The world in 2050”: Mercator Climate Lecture with economists Sachs and Edenhofer

06/01/2016 – More than 1000 people attended the 2016 Mercator Climate Lecture "The World in 2050 - Towards Sustainable Development and Deep Decarbonization" in Berlin on Wednesday. Top US-economist Jeffrey D. Sachs, Director of the Earth Institute at Columbia University and Special Advisor on Sustainable Development for the United Nations, gave a much-applauded keynote. This was followed by an intense discussion with Ottmar Edenhofer, Chief Economist at the Potsdam Institute for Climate Impact Research (PIK) and Professor at Technische Universität (TU) Berlin. The lecture is a joint project by Stiftung Mercator, Technische Universität Berlin, and PIK. The spectators in the Auditorium Maximum - in fact a mix of students and experts from business, politics, NGO and science – was joined by a worldwide audience following the event via livestream.

“The world in 2050”: Mercator Climate Lecture with economists Sachs and Edenhofer - Read More…

"Below 2 degrees": Edenhofer in book on Paris Agreement

"Below 2 degrees": Edenhofer in book on Paris Agreement

04/18/2016 - National minimum prices for CO2 emissions combined with international climate finance could be a way to put the Paris Agreement into practice. This is a key message from Ottmar Edenhofer, chief economist at the Potsdam Institute for Climate Impact Research and Director of the Mercator Institute for Global Commons and Climate Change, in his contribution to the book "Below two degrees". The Anthology is assembling quite a number of prominent voices: from the President of the German Environment Agency to Members of Parliament, from NGO heads to the Director of the Helmholtz Centre for Ocean Research Kiel. This week, the new publication will be presented by the German Federal Environmental Foundation along with the Federal Environment Ministry's Secretary of State Jochen Flasbarth, who's also a co-author.

"Below 2 degrees": Edenhofer in book on Paris Agreement - Read More…

Leibniz President Kleiner visits PIK

Leibniz President Kleiner visits PIK

01/27/2016 - The president of Leibniz Association, Matthias Kleiner, visited the Potsdam Institute for Climate Impact Research (PIK) for an exchange on current projects and developments. Among other topics the focus of the meetings was also on research strategies. Kleiner met with PIK Director Hans Joachim Schellnhuber as well as with the Chairs of PIK’s four research domains.

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New top German IPCC scientist visits PIK

New top German IPCC scientist visits PIK

2016/01/25 - The newly elected top German scientist in the Intergovernmental Panel on Climate Change (IPCC), Hans-Otto Pörtner, visited the Potsdam Institute (PIK) this week for an intense exchange about challenges of the next climate science assessment report. It will be the sixth of its kind and due in 2022. Pörtner, a senior biologist at the Alfred Wegener Institute for Polar and Marine Research in Bremerhaven, heads the part of the report assessing climate change impacts. This is a core research issue of PIK. What is more, for half a decade PIK’s chief economist was head of the IPCC’s working group on mitigation.

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