International Events

Any event that involves two or more nations.

China and US Agree to Cut Emissions

- Adam Clare

The world’s largest polluters have agreed that they have a problem and they need to stop it. The USA and China have come to terms with the fact that they are the worst polluters and have both decided to take action using various policy tools and joint cooperation. This is important for many reasons, for one not only does this mean the largest economies will become more efficient and less damaging to the plant. Another reason is that smaller economies (looking at you Australia and Canada) copy American policy, so hopefully the climate change denying government elsewhere will wake up and take action.

Better late than never.

According to the plan, the United States will reduce carbon emissions 26-28 percent below 2005 levels by 2025, nearly twice the existing target—without imposing new restrictions on power plants or vehicles.

Tuesday’s announcement is equally remarkable for China’s commitment. For the first time, China has set a date at which it expects its emissions will “peak,” or finally begin to taper downward: around 2030. China is currently the world’s biggest emitter of carbon pollution, largely because of its coal-dependent economy, and reining in emissions while continuing to grow has been the paramount challenge for China’s leaders

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It involves a series of initiatives to be undertaken in partnership between the two countries, including:

  • Expanding funding for clean energy technology research at the US-China Clean Energy Research Center, a think tank Obama created in 2009 with Xi’s predecessor Hu Jintao.
  • Launching a large-scale pilot project in China to study carbon capture and sequestration.
  • A push to further limit the use of hydroflourocarbons, a potent greenhouse gas found in refrigerants.
  • A federal framework for cities in both countries to share experiences and best practices for low-carbon economic growth and adaptation to the impacts of climate change at the municipal level.
  • A call to boost trade in “green” goods, including energy efficiency technology and resilient infrastructure, kicked off by a tour of China next spring by Commerce Secretary Penny Pritzker and Energy Secretary Ernest Moniz.

Read more at Mother Jones.

Investors: Good Economics is Taking Action on Climate Change

- Adam Clare

It’s no secret that carbon trade, carbon caps, and various other policy tools improve economies and diminish negative environmental impacts caused by economic activity. Yet, the myth that having a sustainable economy isn’t possible with a growing economy.

Environmentalists have been arguing for better policy and enforcement for decades, and now global investors are also arguing for the same thing. Hopefully with this announcement and others from the recent UN Summit on Climate Change we will see good movement on improving our economy and planet.

“The international investor community has today made it clear that the status quo on climate policy is not acceptable,” said Stephanie Pfeifer, chief executive of the European Institutional Investors Group on Climate Change. “Investors are taking action on climate change, from direct investment in renewables to company engagement and reducing exposure to carbon risk.”

“But to invest in low carbon energy at the scale we need requires stronger policies.”

The world’s total renewable energy capacity grew at its fastest pace ever in 2013, but global investment in renewable energy still only amounted to $254 billion in 2013. The International Energy Agency (IEA) has estimated that global investment in renewables much reach $1 trillion every year from now until 2050 if the global temperatures are to be kept from rising more than 2°C — the threshold beyond which scientists think climate change will get truly catastrophic. But the IEA anticipates global investment will instead plateau around $230 billion annually through 2020. Bloomberg New Energy Finance thinks two-thirds of the $7.7 trillion the world will likely invest in power plants between now and 2030 could go to renewables — but that still falls well short of the mark.

Read more.

Norway Pays to Protect Liberia’s Forests

- Adam Clare

Deforestation is killing the planet and has been linked to the current ebola outbreak. Still, many places (Canada included) cut down hectares of land as if it’s nothing. Norway is apparently sick of tho attitude and has made a deal with Liberia to protect their woodlands.

“We have funded efforts in Indonesia and Brazil, but I think this is the first time we have entered a deal on a country level.”

Under the terms of the agreement, Norway will help Liberia to initially build up the capacity to monitor and police the forests.

Liberia will refrain from issuing any new logging concessions until all existing ones have been reviewed by an independent body.

The country agrees to place 30% or more of its forest estate under protected area status by 2020. It will also pilot direct payments to communities for protecting the forest.

Read more.

Rockefellers Got Rich From Oil, Switching to Renewables

- Adam Clare 1 Comment

As the UN climate summit continues there is good news coming from it. It’s worth noting that Canada is not part of any of this good news thanks to the climate-change denying Prime Minister Stephen Harper. The “pro-corprate” Harper is actively doing the opposite of corporations: supporting renewable energy. Even Shell (of all companies!) has called for stricter carbon regulations.

Yesterday it was announced that the Rockefeller family, who made billions from oil, have changed their mind on the planet-destryoing industry. The Rockefeller Brothers Fund is divesting from all oil companies and focusing on renewable energy sources. This means that the efforts of Global Divest-Invest has helped to transfer $50 billion dollars from oil-backing to renewable-backing.

Rockefeller Brothers Fund director Stephen Heintz said the move to divest from fossil fuels would be in line with oil tycoon John D Rockefeller’s wishes,

“We are quite convinced that if he were alive today, as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy,” Mr Heintz said in a statement.

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Ozone Layer is Recovering

- Adam Clare

Many years ago a bunch of countries decided to take action to stop damaging the ozone layer in the hopes that it will eventually recover. It’s great to see that the efforts of working together to protect the environment of come to fruition and let’s hope we see efforts like this directed towards climate change.

Scientists said the development demonstrates that when the world comes together, it can counteract a brewing ecological crisis.

For the first time in 35 years, scientists were able to confirm a statistically significant and sustained increase in stratospheric ozone, which shields the planet from solar radiation that causes skin cancer, crop damage and other problems.

From 2000 to 2013, ozone levels climbed 4 percent in the key mid-northern latitudes at about 30 miles up, said NASA scientist Paul A. Newman. He co-chaired the every-four-years ozone assessment by 300 scientists, released at the United Nations.

Read more.

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