Tuesday, December 22, 2015

A beginner's guide to what transpired at the Paris climate summit



What did you bloody greenies do ? What is this Paris climate deal?
After 21 years of haggling and delays, governments of the world collectively agreed to take action domestically and internationally to tackle climate change by cutting their carbon emissions/ The “Paris package” to which the legally binding instrument – the “Paris agreement” – is annexed aims to contain the increase in the global average temperature to “well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels” – a more ambitious goal than had been expected. This new climate deal will come into force in 2020.

Meaning how, exactly?
Mainly by boosting clean energy investments while conserving and enhancing forests and other ecosystems. Boosting clean energy investments means more finance for research and deployment of renewable energy and energy efficiency, with the hope that burning of fossil fuels will be phased out by end of the century. However, nowhere in the text are the words fossil fuels, coal or oil used. Conserving and enhancing forests should mean more “predictable, sustainable, large-scale pay-for-performance finance”. Right now, the cash box is more or less empty, but hopes are tied to private financing.

Is renewable energy really ready for all this?
I caught a plane from Kochi airport, the world’s first fully solar-powered airport. I think it is.


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