{"id":51055,"date":"2021-10-31T17:00:32","date_gmt":"2021-10-31T21:00:32","guid":{"rendered":"https:\/\/www.bu.edu\/pardeeschool\/?p=51055"},"modified":"2021-11-17T13:06:32","modified_gmt":"2021-11-17T18:06:32","slug":"gallagher-publishes-op-ed-on-global-green-energy-finance","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/pardeeschool\/2021\/10\/31\/gallagher-publishes-op-ed-on-global-green-energy-finance\/","title":{"rendered":"Gallagher Publishes Op-Ed on Global Green Energy Finance"},"content":{"rendered":"
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In this Dec. 22, 2016 photo, 50,000 mirrors, known as heliostats, encircle the solar tower in the Negev desert, near in Ashelim, southern Israel. In sunny Israel, solar energy supplies just a small percentage of the nation’s power needs, leaving it trailing far behind countries with cloudier and colder climates. Now it is trying to turn that around with a large-scale project, highlighted by the world\u2019s tallest solar tower, that could mark a giant leap for the country\u2019s fledgling renewable energy industry. (AP Photo\/Oded Balilty)<\/figcaption><\/figure>\n

Kevin Gallagher<\/a>, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University and Director of BU\u2019s\u00a0<\/span>Global Development Policy Center<\/a>\u00a0(GDP Center), published a\u00a0South China Post<\/em> op-ed in which he argues for an increase in financing for green energy around the world.\u00a0<\/span><\/p>\n

In the article, titled “As the world says no to coal, China is poised to lead on green energy finance<\/a>,” Gallagher applauds the pledge of all major public financiers to stop supporting the global coal industry; however, he notes that it’s not enough to be against coal and now is the time to support global green energy projects. China already is leading the charge in green energy financing, and Gallagher argues that Western countries need to watch them and follow suit in order to encourage green energy development abroad and maximize benefits from such investments.<\/p>\n

An excerpt:<\/p>\n

\n
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China and other large economies should match their recent pledges\u00a0<\/span>against<\/em>\u00a0<\/span>coal finance with commitments\u00a0<\/span>to support<\/em>\u00a0<\/span>green energy transformations around the world…The opportunities to support green energy finance are also big. In a recent paper, we analyzed developing countries\u2019 nationally determined contributions (NDCs) \u2013 legally binding targets to reduce greenhouse gas emissions under the Paris Agreement \u2013 and found thousands of renewable energy opportunities worth US$800 billion.<\/p>\n<\/blockquote>\n<\/div>\n

The full article can be read on\u00a0South China Morning Post<\/em>‘s website<\/a>.<\/p>\n

Kevin Gallagher<\/a>\u00a0<\/span>is a professor of global development policy at Boston University\u2019s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of six books, including most recently,\u00a0<\/span>The China Triangle: Latin America\u2019s China Boom and the Fate of the Washington Consensus<\/em><\/a>. Read more about Professor Gallagher on his Pardee School\u00a0<\/span>faculty profile<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

“China and other large economies should match their recent pledges\u00a0against\u00a0coal finance with commitments\u00a0to support\u00a0green energy transformations around the world.”<\/p>\n","protected":false},"author":17823,"featured_media":36497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8410],"tags":[11784,1688,9528,9663,9127,1362,9576,10392],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/51055"}],"collection":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/users\/17823"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/comments?post=51055"}],"version-history":[{"count":5,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/51055\/revisions"}],"predecessor-version":[{"id":51186,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/51055\/revisions\/51186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/media\/36497"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/media?parent=51055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/categories?post=51055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/tags?post=51055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}