Post by account_disabled on Feb 27, 2024 4:58:29 GMT
A month ago, the state of California set a precedent in the production of renewable energy, meeting 103% of consumer demand, breaking its own record set just a week earlier. For many, this meant the move to dispense with the use and investment in fossil fuels.
However, according to the BBC , the Climate Action Tracker (CAT) report reveals that the Russian invasion of Ukraine is driving investment in fossil fuels. Which represents a setback in the advancement of the climate objectives of maintaining global temperature at 1.5°C and avoiding the most harmful effects of climate change .
Sustainability will be the standard
The war against fossil fuels
The CAT has come to light just as diplomats meet at the UN Climate Change Conference in Bonn, Germany, amid new concerns about energy security.
Given this, Niklas Höhne of the NewClimate Institute, a partner of CAT, told the BBC: "There really seems to be a gold rush for new fossil fuel infrastructure." The above, under the argument that it helps with the temporary energy supply.
The truth is that since the beginning of the conflict Chinese American Phone Number List in Ukraine, many countries have tried to reduce or stop acquiring fossil fuels. However, Climate Action Tracker notes that new blended natural gas facilities are now proposed in Germany, Italy, Greece, the Netherlands and Canada.
Meanwhile, the United States, Qatar, Egypt and Algeria have signed agreements to export gas to different parts of the EU, while projects for this fuel are also being reactivated in West Africa.
investment in fossil fuels
More investment in fossil fuels simply 'delusional': Guterres
However, if all these plans materialize, they would end up locking the world in irreversible warming, says the CAT report.
UN scientists have identified certain events, such as the melting of large ice sheets or permafrost , that could act as "tipping points" that would trigger even more accelerated climate change.
In this regard, António Guterres, Secretary General of the UN , reiterated his call to the leading economies of the G20:
"Coal infrastructure must be dismantled, with total elimination by 2030 for OECD countries and 2040 for all others."
António Guterres, Secretary General of the UN.
Likewise, he asserted that new government financing for the exploration or production of fossil fuels is simply "delirious." And he added: “it would further fuel the scourge of war, pollution and climate catastrophe.”
investment in fossil fuels
Clean energies, plan for world peace
According to Guterres, renewable energy is “the peace plan of the 21st century” and calls for abandoning investment in fossil fuels entirely.
«We are witnessing a historic and dangerous disconnect: science and citizens demand ambitious and transformative climate action . Meanwhile, many governments are dragging their feet.
António Guterres, Secretary General of the UN.
The window to prevent the worst impacts of the climate crisis is rapidly closing, the diplomat warned. To limit global warming, emissions must be reduced by 45% in 2030, with net zero emissions by 2050.
The paradox, he said, is that cheaper, fairer and more reliable energy options should have been developed earlier and faster, including wind and solar.
To counter today's new economic shocks , he reiterated his five-point action plan on renewable energy:
5 actions to stop investing in fossil fuels
First, make renewable energy technology a global public good, including removing intellectual property barriers to sharing it.
Second, improve access to supply chains for components and raw materials for renewable energy technologies.
Third, reform the bureaucratic procedures that are slowing down the renewable production revolution.
Fourth, a shift in energy subsidies from fossil fuels to renewables, while addressing potential consequences for the most vulnerable.
And fifth, triple investments in renewables.
However, according to the BBC , the Climate Action Tracker (CAT) report reveals that the Russian invasion of Ukraine is driving investment in fossil fuels. Which represents a setback in the advancement of the climate objectives of maintaining global temperature at 1.5°C and avoiding the most harmful effects of climate change .
Sustainability will be the standard
The war against fossil fuels
The CAT has come to light just as diplomats meet at the UN Climate Change Conference in Bonn, Germany, amid new concerns about energy security.
Given this, Niklas Höhne of the NewClimate Institute, a partner of CAT, told the BBC: "There really seems to be a gold rush for new fossil fuel infrastructure." The above, under the argument that it helps with the temporary energy supply.
The truth is that since the beginning of the conflict Chinese American Phone Number List in Ukraine, many countries have tried to reduce or stop acquiring fossil fuels. However, Climate Action Tracker notes that new blended natural gas facilities are now proposed in Germany, Italy, Greece, the Netherlands and Canada.
Meanwhile, the United States, Qatar, Egypt and Algeria have signed agreements to export gas to different parts of the EU, while projects for this fuel are also being reactivated in West Africa.
investment in fossil fuels
More investment in fossil fuels simply 'delusional': Guterres
However, if all these plans materialize, they would end up locking the world in irreversible warming, says the CAT report.
UN scientists have identified certain events, such as the melting of large ice sheets or permafrost , that could act as "tipping points" that would trigger even more accelerated climate change.
In this regard, António Guterres, Secretary General of the UN , reiterated his call to the leading economies of the G20:
"Coal infrastructure must be dismantled, with total elimination by 2030 for OECD countries and 2040 for all others."
António Guterres, Secretary General of the UN.
Likewise, he asserted that new government financing for the exploration or production of fossil fuels is simply "delirious." And he added: “it would further fuel the scourge of war, pollution and climate catastrophe.”
investment in fossil fuels
Clean energies, plan for world peace
According to Guterres, renewable energy is “the peace plan of the 21st century” and calls for abandoning investment in fossil fuels entirely.
«We are witnessing a historic and dangerous disconnect: science and citizens demand ambitious and transformative climate action . Meanwhile, many governments are dragging their feet.
António Guterres, Secretary General of the UN.
The window to prevent the worst impacts of the climate crisis is rapidly closing, the diplomat warned. To limit global warming, emissions must be reduced by 45% in 2030, with net zero emissions by 2050.
The paradox, he said, is that cheaper, fairer and more reliable energy options should have been developed earlier and faster, including wind and solar.
To counter today's new economic shocks , he reiterated his five-point action plan on renewable energy:
5 actions to stop investing in fossil fuels
First, make renewable energy technology a global public good, including removing intellectual property barriers to sharing it.
Second, improve access to supply chains for components and raw materials for renewable energy technologies.
Third, reform the bureaucratic procedures that are slowing down the renewable production revolution.
Fourth, a shift in energy subsidies from fossil fuels to renewables, while addressing potential consequences for the most vulnerable.
And fifth, triple investments in renewables.