Of the total 550 million ISK, roughly 200 million ISK will be invested in projects aiming to naturally store carbon dioxide long-term in order to reduce levels of greenhouse gases in the earth's atmosphere. Carbon sequestration is a key part of the government's plan to achieve the Paris Climate Agreement's terms.
Additional grants totaling 75 million ISK will support the creation of new birch forests; 25 million ISK will address land reclamation projects; 60 million ISK for land quality recovery schemes; and 20 million ISK will be dedicated to wetland recovery.
A further 300 million ISK will be used to reduce Iceland's energy consumption and 50 million ISK has been earmarked for the government's recently launched climate fund to support climate change research and projects raising awareness of the impacts of global warming.
The release notes the government aims to reduce carbon emissions by 40 pct by 2030.
(Source: : Iceland Minister for the Environment, Reykjavik Grapevine, 1 May, 2020) Contact: Iceland Minister for the Environment, Gudmundur Ingi Guobrandsson, www.government.is/ministries/ministry-for-the-environment-and-natural-resources
More Low-Carbon Energy News Climate Change, CCS, Carbon Emissions,
According to the Ministry release, the equivalent of 1.24 billion tons of CO2 was emitted in the year ended March 2019, a fifth annual decline and representing a low among comparable data going back to fiscal 1990.
Emissions fell 12 pct compared with fiscal 2013, against its Paris Climate Agreement pledge for a 26 percent reduction by fiscal 2030, a target that Japan has itself said is not ambitious enough.
While many of Japan's nuclear reactors were taken offline in the wake of the 2011 Fukushima crisis, output from the nine active units doubled from the previous year, reducing the need for coal, an increase in renewable energy and low demand for household heating due to a relatively warm winter, all contributed to the drop in CO2 emissions.
Meanwhile, Japan's emissions of ozone-depleting hydrofluorocarbons (HFC) rose 4.7 percent from the previous year. (Source: Japanese Environment Ministry, PR, 13 April, 2020) Contact:
Japan Environment Ministry, +81-(0)3-3581-3351, www.env.go.jp/en/moemail, www.env.go.jp/en
More Low-Carbon Energy News CO2, Carbon Emissions, Paris Climate Agreement, HFC,
In 2019, the concentration of atmospheric methane reached nearly 1875 ppb, the highest level since record-keeping began in 1983. 2019 also saw the second-largest single-year leap in two decades.
The NOAA analysis notes "methane emissions primarily come from natural sources, like wetlands, and man-made sources, like farms and oil and gas wells. In wetlands, microbes excrete methane, an issue that humans can do little about. On farms, cows and sheep belch methane -- a problem that people can address by raising fewer livestock. The easiest way to stem methane pollution, however, is to limit its release from oil and gas drilling sites."
Methane levels were more or less flat from the late 1990s to the early 2000s. They began to rise after 2006 thanks, at least in part, to more oil and gas drilling. Their recent uptick threatens the goals of the Paris Climate Agreement, as scientists had assumed that methane concentrations would stay level and then drop off when they projected how countries would meet their climate targets.
Download the NOAA Trends in Atmospheric Methane HERE.
(Source: NOAA, Nexus Media, Jeremy Deaton, 12 April, 2020) Contact: NOAA, (301) 713-1208, www.noaa.gov
More Low-Carbon Energy News Methane, NOAA, GHG, Climate Change, Atmospheric Methane,
Under the plan Russian emissions are projected to rise to the equivalent of 2.08 billion tons of carbon dioxide by 2030 - 67 pct of the 3.11 billion tons recorded in 1990.
By 2050, the draft plan projects emissions would fall to 1.99 billion tons -- 64 pct of 1990 levels -- and Russia would not become carbon neutral until much later than its original 2050 target.
Details of the draft plan are expected to be included in Russia's updated Paris Climate Agreement climate action plan to be submitted to the UN later this year. The Kremlin previously pledged a 25 pct cut in emissions.
(Source: Russian Ministry of Economic Development, Bellona, Mar., 2020)
More Low-Carbon Energy News Russia Carbon Emissions, Carbon Emissions, Climate Change,
The study, published on Wednesday in the journal Nature, tracked 300,000 trees over 30 years, providing the first large-scale evidence of the decline in carbon uptake by the world's tropical forests. The researchers combined data from two large research networks of forest observations in Africa and the Amazon, as well as years spent traveling to remote field sites
The bilateral agreement will facilitate Ghana's National Clean Energy Access Programme (NCEP), which will enable the country to receive international financial support to implement projects in fulfilling its climate commitments.
(Source: Various Media, Ghana Web, 3 Mar.,2020)
More Low-Carbon Energy News Climate Change, Paris Climate Agreement, Carbon Emissions,
Study co-author Tom Evans said that forest conservation was recognized as critical for mitigation and adaptation to climate change in the 2015 Paris Climate Agreement (COP15). However, despite that initial commitment, he noted that not enough attention has been given since to protection of intact forests for climate change mitigation.
Dense intact tropical forests serve as vital carbon sinks, removing CO2 from the atmosphere as their carbon-hungry plants and trees continue to put on growth. And they serve an out-sized role in sequestration -- while the WCS study found only 20 pct of the world's tropical forests can be considered "intact", these forests store 40 pct of above-ground carbon found in tropical forests. A 2011 study observed that intact tropical forests remove an estimated 1 billion metric tpy of CO2 from the atmosphere.
Access the Wildlife Conservation Society study HERE. (Source: Wildlife Conservation Society, The Rising, 22 Feb., 2020)Contact: Wildlife Conservation Society, (718) 220-5100 www.wcs.org
More Low-Carbon Energy News COP15, Carbon Sink, Climate Change, Deforestation, Carbon Emissions,
The Synthesis Report will present the latest state of climate knowledge to serve as the basis for international negotiations in time for the first global stock-take under the Paris Agreement in 2023.
The global stock-take is a process under the 2015 Paris Agreement of the United Nations Framework Convention on Climate Change (UNFCCC) to take stock of collective progress towards achieving the purpose of the Agreement and its long-term goals. It takes place every five years, with the first one in 2023.
The outcome of the global stock-take will inform Parties to the Agreement in updating and enhancing, in a nationally determined manner, their actions and support for the goals of the Agreement, as well as enhancing international cooperation for climate action.
(Source: IPCC, PR, 20 Feb., 2020) Contact: IPCC, www.ipcc.ch; UNFCCC, www.unfccc.int
More Low-Carbon Energy News UNFCCC, Paris Climate Agreement, IPCC,
The report notes that most of the state's GHG emissions reductions came from the residential, commercial, and industrial sectors, with small decreases in waste and agricultural sectors. Meanwhile, increases were seen from the industrial processes, fossil fuel industry and transportation sectors. To uphold the Paris Climate Agreement, the state needs to cut greenhouse gas emissions somewhere between 26 pct to 28 pct below 2005 levels by 2025, the report notes.
Download the report HERE.
(Source: Agency of Natural Resources Department of Environmental Conservation, Rutland Herald, 8 Jan., 2020) Contact: Agency of Natural Resources Department of Environmental Conservation , Emily Boedecker, Commissioner, 802-828-1556, https://dec.vermont.gov
More Low-Carbon Energy News Paris Climate Vermont Climate Change, Agreement, Carbon Emissions, Climate Change,
Following the Paris Climate Agreement in 2015, the Russian government proposed introducing new climate legislation in two phases -- a five-year stock-taking exercise to measure company-level emissions and set appropriate quotas for reducing emissions and a carbon cap on the country's biggest polluters and penalties for those that exceed their quotas. Earlier plans also envisaged the creation of a national fund to support emissions reduction and a system of nation-wide carbon trading. (Source: Kommersant, Moscow Daily, Dec., 2019)
Contact: Russian Union of Industrialists and Entrepreneurs, eng.rspp.ru
Canada expects to its greenhouse gas emissions to 603 million tonnes by 2030 -- well above the 511 million tonne target Canada committed to under the COP15 Paris Climate Agreement. To that end, the government
plans to plant two billion trees, cut energy waste and support zero-emissions clean tech companies, and various other initiatives and measures.
Unfortunately, Canada is reportedly warming at twice the global average and and three times the global rate in its extreme northern regions. (Source: Environment Canada, Various Media,
Canadian Press, Dec., 2019) Contact: Environment Canada, Environment Canada, www.canada.ca/en/government
More Low-Carbon Energy News Canada Carbon Emissions, Canada Climate Change, Environment Canada,
The Paris Agreement calls on countries to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low-carbon future. This includes regular reports every five years on emissions levels and emission reduction initiatives, forest and soil health data and an assessment of progress in addressing these issues.
The FAO program will be widely available to universities, the private sector and intergovernmental organizations.
(Source: UN Food and Agriculture Organization (FAO), Guardian Blog, Dec., 2019)
Contact: Food and Agriculture Organization, www.fao.org
More Low-Carbon Energy News Climate Change, Forestry, CO2, Carbon Emissions,
In a report released Monday, the WMO said despite international pledges made under the Paris Climate Agreement (COP 15), the levels of carbon monoxide, methane and nitrous oxide all surged by higher amounts in 2018 than average for the past decade. The global average of carbon dioxide concentration reached 407.8 parts per million in 2018, up from 405.5 parts per million in 2017, the U.N. agency said. The concentration of methane was the highest recorded since 1998 while the levels of nitrous oxide, which is responsible for eroding the ozone layer was the highest ever recorded. The report was released ahead of next month's global climate summit in Madrid.
This follows the overwhelming scientific consensus delivered earlier this month that the Earth is indeed facing a climate emergency. Over 11,000 scientists world wide, including 409 from Canada, signed a letter pleading for world leaders to take the crisis seriously, for the wealthy to change their habits and for those in denial to accept that global warming is human driven.
Specific to Canada, Liberal Prime Minister Justin Trudeau has committed Canada to reaching net-zero emissions by 2050 and to reduce CO2 levels by 30 pct by 2030.
In December 2018, Climate Change Canada projected Canada's total emissions by 2030 are only on track to be 19 pct below 2005 levels. (Source: Environment and Climate Change Canada,Various Media, Nov., 2019) Contact: Environment and Climate Change Canada, (800) 668-6767, www.canada.ca › environment-climate-change;
World Meteorological Organization, www.public.wmo.int/en
More Low-Carbon Energy News World Meteorological Organization, Climate Change, ,
The bank has set aside $500 (US) million for the project, which it will invest in green bonds issued by infrastructure companies. The core criteria of the fund is to finance projects that help the nation in which they are based meet their commitments under the UN Paris Climate Agreement 2015.
To date, AIIB has raised roughly $20 billion in paid-in equity from its 75 member nations and a total of almost $100 billion of subscribed equity, of which only $10 billion has been invested, according to the release.
(Source: Asian Infrastructure Investment Bank, Financial Review. James Fernyhough, 24 Nov., 2019) Contact: Asian Infrastructure Investment Bank, www.aiib.org
More Low-Carbon Energy News Asian Infrastructure Investment Bank ,
The report also notes
Russia, China, the US and India are responsible for half of all carbon emissions.
(Source: Changing America, 15 Nov. 2019)
More Low-Carbon Energy News Paris Climate Agreement, GHGs, COP15, Climate Change, Carbon Emissions,
The two institutions will cooperate on supporting eligible TDB Member States to access Green Climate Fund resources to enable them to adapt to the changing climate and develop along a low-emission pathway.
The African TDB is a multilateral, treaty-based development financial institution, with assets of $6 billion and the mandate to finance and foster trade, regional economic integration and sustainable development through trade finance, project and infrastructure finance, asset management and advisory services. The Bank supports sustainable development, including the reduction of climate risks and expansion of clean energy -- in line with the 2015 Paris Climate Agreement.
(Source: Eastern and Southern African Trade and Development Bank, UN Environment Program, PR, 5 Nov., 2019) Contact: Eastern and Southern African Trade and Development Bank, Michael Awori, COO, www.tdbgroup.org; UNEP, www.unenvironment.org
More Low-Carbon Energy News UNEP, Climate Finance, Carbon Emissions, Climate Change,
The bill requires all greenhouse gases except methane from animals to be reduced to net zero by 2050. Methane emissions would be reduced by 10 pct by 2030 and 50 pct by 2050.
legislation establishes a Climate Change Commission to advise the government which has committed to plant 1 billion trees over 10 years and to ensure that the electricity grid runs entirely from renewable energy by 2035.
The bill also aims to fulfil New Zealand's obligations under the landmark 2015 Paris climate agreement. (Source: Daily Independent, Others, Nov., 2019) Contact: New Zealand Climate Change Minister, James Shaw, www.beehive.govt.nz/minister/hon-james-shaw
More Low-Carbon Energy News Climate Change Risk, New Zealand Climate Change, Climate Change Mitigation,
The notification comes more than two years after Trump announced he would pull the U.S. out of the agreement becuase it "imposed an unfair burden on the U.S. and (was) doing little to halt climate change."
The agreement aims to limit global temperature increases to less than 2 degrees Celsius, with each country setting its own nonbinding emission targets and reporting on its progress to reduce them. (Source: Various Media, 4 Nov., 2019)
More Low-Carbon Energy News Trump, Paris Climate Agreement, COP15, Climate Change, Carbon Emissions,
The Finance Minister noted France would also review its public export guarantees in line with its Paris Climate Agreement commitment to stop financing coal-related projects that increase the growth of carbons emissions. (Source: ShipInSight, Reuters, 17 Oct., 2019) Contact: French Finance Minister Bruno Le Maire, https://en.wikipedia.org/wiki/Bruno_Le_Maire
More Low-Carbon Energy News Carbon Tax, Maritime Fuel, Aviation Fuel, Fuel Carbon Tax,
Following the Paris Climate Agreement in 2015, the Russian government proposed introducing new climate legislation in two phases -- a five-year stock-taking exercise to measure company-level emissions and set appropriate quotas for reducing emissions and a carbon cap on the country's biggest polluters and penalties for those that exceed their quotas. Earlier plans also envisaged the creation of a national fund to support emissions reduction and a system of nation-wide carbon trading.
(Source: Kommersant, Moscow Daily, Oct., 2019)
Contact: Russian Union of Industrialists and Entrepreneurs, eng.rspp.ru
More Low-Carbon Energy News Climate Change,
This latest news is an update to C40's 2018 analysis which identified 30 cities across the global north that have hit their "peak" emissions before 2015, meaning they have since reduced their greenhouse gas emissions by an average 22 pct.
The 30 cities are: Athens, Austin, Barcelona, Berlin, Boston, Chicago, Copenhagen, Heidelberg, Lisbon, London, Los Angeles, Madrid, Melbourne, Milan, Montréal, New Orleans, New York City, Oslo, Paris, Philadelphia, Portland, Rome, San Francisco, Stockholm, Sydney, Toronto, Vancouver, Venice, Warsaw, and Washington, D.C. (Source: C40, City Lab, 9 Oct., 2019) Contact: C40 Cities, www.c40.org
More Low-Carbon Energy News Carbon Emissions, C40,
Download the report HERE. Source: Intergovernmental Panel on Climate Change, Yahoo Finance, 26 Sept., 2019) Contact: IPCC, www.ipcc.ch
More Low-Carbon Energy News Intergovernmental Panel on Climate Change, Renewable Energy, Solar, Wind ,
The bulk of the EU's €33 million will be channeled through the Ethiopian government with €3 million of the total
used to enhance the country's measurement, reporting and verification systems, to make them complaint with Paris Climate Agreement standards.
The funded projects will be administered by the Ethiopian Environment, Forest and Climate Change Commission and the Ministry of Trade and Industry in collaboration with regional states.
(Source: EU News, ENA News, Walta, 22 July, 2019)
More Low-Carbon Energy News Climate Finance news, Climate Change Mitigation news, Carbon Emissions news,
TenneT was recently awarded a contract for the construction of the offshore converter platform and the land station for DolWin5 in May, achieving cost savings of around 10 pct compared to the previous DolWin6 project, according to the release.
"According to all international studies and scenarios, the current roll-out rate of offshore wind in Europe is not sufficient to achieve the goals of the Paris Climate Agreement for Europe. An accelerated and large-scale roll-out is necessary. A future internationally coordinated approach could implement the connection and integration of a roll-out of large-scale offshore wind energy more effectively and at considerably lower costs of up to 30 pct than with continued individual national planning," the release added.
The current maximum infeed performance of offshore wind farms in the North Sea reached 4,989 MW on 24 March 2019 at. The capacity expansion of the offshore wind farms in the North Sea amounted to 5,577 MW on 30 June 2019. TenneT's offshore transmission capacity is 6,232 MW, according to the company. (Source: TenneT Holdings, Offshore Engineer, 16 July, 2019)Contact: TenneT, +31 (0) 26 373 1112, www.tennet.org
More Low-Carbon Energy News TenneT, Wind, Offshore Wind,
The shipping giant, which operates nearly 700 global vessels, has already substantially cut emissions and spent $1 billion to date in efficiency improvements aimed at the intermediate target of cutting emissions by 60 pct by 2030. To date, Maersk has reduced CO2 emissions by 46 pct -- roughly 9 pct more than the industry average.
Maritime emissions were not covered by the Paris Climate Agreement. (Source: Maersk, ZME, 16 July, 2019) Contact: Maersk Line, www.maerskline.com
More Low-Carbon Energy News Marine Emissions, Carbon Emissions, Maritime Emissions, Maersk,
In 2050, carbon emission intensity or energy expenditure per unit of GDP in China's power sector, will decline to 5 pct of that in 2005, the Bloomberg report says. (Source: Bloomberg, China Daily, 10 July, 2019)
More Low-Carbon Energy News China Carbon Emissions, Climate Change,
In addition to the existing carbon tax regime, the Liberal government aims to make the heating and transportation fuel supply cleaner to reduce carbon emissions and help Canada meet targets set under the Paris Climate Agreement.
According to a government backgrounder, fossil fuel suppliers will be able to meet the performance standard by "taking action themselves" to make fuels cleaner -- through improvements to the refining process, for example, or by purchasing credits from low-carbon-intensity fuel producers and other credit generators.
(Source: CBC News, Various Media, 8 July, 2019)
More Low-Carbon Energy News Vehicle Emissions, Clean Fuel Standard, Paris Climate Agreement, Clean Fuel,
The report notes that $30.2 billion (70 pct) of the 2018 total was devoted to climate change mitigation investments that aim to reduce harmful greenhouse gas emissions and slow down global warming. The remaining $12.9 billion (30 pct) was invested in climate change adaptation efforts to help address mounting impacts of climate change, including worsening droughts and more extreme weather events from extreme flooding to rising sea levels.
Since 2011, the six MDBS have committed nearly $237 billion in climate finance for developing and emerging economies. MDBs' climate finance aims to ensure that global financial flows are consistent with the Paris Climate Agreement.(Source: World Bank, Modern Diplomacy, June, 2019) Contact: World Bank Group, Mehreen Sheikh,
More Low-Carbon Energy News Climate Change, Climate Change Mitigation, Climate Finance,
"Furthermore, CNG cars are not affected by driving bans in city centers.
Refueling with biomethane or e-gas results in an even better CO2 balance. Both can easily be fed into the gas network and mixed with any amount of fossil natural gas." -- Stephen Neumann, Volkswagen Group
More Low-Carbon Energy News VW, Paris Climate Agreement,
The ten-nation ASEAN bloc supports the conservation and sustainable use of ASEAN's coastal and marine environment and is committed to promote biodiversity conservation and management and endeavor to mainstream biodiversity into the organization's various development processes. (Source: ASEAN, AFP, Manila Bulletin, 23 June, 2019) Contact: ASEAN, www.asean.org
More Low-Carbon Energy News Paris Climate Agreement, Association of Southeast Asian Nations, ASEAM, Climate Change, Climate Change Mitigation,
The commercial air transport industry is targeting a cap of CO2 emissions through carbon neutral growth from 2020 and aims
to halve emissions by 2050, compared to 2005 levels, ensure the aviation industry's compatibility with the Paris climate agreement goals. (Source: International Air Transport Association, Biofuels Int'l, 24 June, 2019)
More Low-Carbon Energy News Aviation Biofuel news, Carbon Tax news, news,
The European Parliament and the EU's climate chief Miguel Arias Canete have called for the bloc to aim for net-zero greenhouse gas emissions by 2050, saying legislation passed since the Paris Climate Agreement puts the EU on track to surpass its current emissions reduction target.
Poland and other EU member states that rely on coal for power production , along with Germany and its its powerful automotive sector, balk at deeper emission cuts.
(Source: Various Media, Reuters, CNBC, June, 2019)
More Low-Carbon Energy News Coal, GHGs, Carbon Emissions, EU,
The May 2019 deforestation is 25 pct higher than in May 2018, May, and twice that of May, 2017.
Earlier this year, Brazil's freshman President Jair Bolsonaro's administration was reportedly planning to follow US President Donald Trump's lead and pull Brazil out of the Paris Climate Agreement. In his first 5 months in office, Bolsonaro abolished the ministries that dealt with climate change, trimmed the remaining agencies' budgets and now wants to privatize vast areas of the Amazon rain forest for agribusiness, timber and mining interests. (Source: Various Media, Reuters, June, 2019)
More Low-Carbon Energy News Amazon Deforestation, Carbon Emissions, Deforestation,
During his comments, Singh highlighted the country's achievements in household electrification and energy access. He also said he was confident that India will achieve a 40 pct renewable in the energy mix by 2030.
(Source: India Power and New and Renewable Energy Ministry, Business Standard, 16 June, 2019)
Contact: India Power and New and Renewable Energy Ministry, https://powermin.nic.in/en/content/contact-us-0
More Low-Carbon Energy News Paris Climate Agreement, Climate Change,
Under the Paris Climate Agreement, the Netherlands committed to reducing CO2 emissions by 15 pct by 2020.
Jan De Nul Group provides maritime construction and maintenance services internationally.(Source: Jan DeNul Group, Wikipedia, Biofuels Digest, 12 June, 2019) Contact: Jan De Nul Group, +352 39 89 11,
+352 39 96 43 -- fax., firstname.lastname@example.org, www.jandenul.com/en
More Low-Carbon Energy News Drop-in Biofuel, Biofuel, Carbon Emissions,
According to the report, Taiwan should follow the mindset of the Deep Decarbonization Pathways Project (DDPP), a global consortium formed in 2013. Although Taiwan is not a member of the DDPP, it could study the various open-source research and policy recommendations to reduce annual carbon emissions per person to 1.7 metric tons by 2050, which is also a goal set by the 2015 Paris Climate Agreement.
Based on the progress of Taiwan's Greenhouse Gas Reduction and Management Act, it is likely that the country will only be able to reduce carbon emissions per person to 5.4-6 metric tons by 2050, which is far higher than the figure set by the DDPP, the white paper cautioned.
The study also recommends the government should revisit related government-led strategies concerning carbon trading, energy taxes and draft better incentives for industry and consumers.
The government should also push a more comprehensive climate act to serve as a national guideline, an create an open and transparent platform so that stakeholders from the public and private sectors can exchange climate change related information.
Academia Sinica, headquartered in Nangang District, Taipei, is the national academy of the Republic of China. It supports research activities in a wide variety of disciplines, ranging from mathematical and physical sciences, to life sciences, the humanities and social sciences. (Source: Academia Sinica, Focus Taiwan, June, 2019)
Contact: Academia Sinica, +886 2 2782 2120, www.sinica.edu.tw/en; Deep Decarbonization Pathways Project, www.deepdecarbonization.org
More Low-Carbon Energy News Climate Change, Low-Carbon Economy,
The cement sector accounts for around 7 pct of global CO2 emissions, according to the International Energy Agency. (Source: Heidelberg Cement, Climate Home News, 13 May, 2019)
Contact: HeidelbergCement, Dr Bernd Scheifele, CEO, Jan Theulen, Director Alternative Resources, www.heidelbergcement.com
More Low-Carbon Energy News HeidelbergCement, Carbon Emissions,
According to the CCC, net-zero
by 2050 could be achieved within a budget of 1-2 pct of GDP. It would require new policies across various government departments: low-carbon electricity would need to quadruple and low-carbon heating will be required throughout Britain building stock.
All new cars and vans should be electric by 2035 or earlier, while novel technologies such as carbon capture and storage (CCS) will become a necessity.
Such reforms are especially urgent considering that the UK is currently set to miss its present legally-mandated target of an 80 percent cut in emissions by 2050.
(Source: Independent Committee on Climate Change, yahoo News, 30 April, 2019) Contact: Independent Committee on Climate Change, www.theccc.org.uk
More Low-Carbon Energy News Committee on Climate Change, Carbon Emissions, Carbon Neutral,
O'Rourke's proposal calls for halving greenhouse gas emissions by 2030 and net-zero emissions by 2050 through a program of: executive action; a $5 trillion over 10 years investment in a clean energy transition; and preparing vulnerable communities for the impacts of climate change.
Although the plan is focused on climate and energy -- cutting emissions and creating alternatives -- approximately $3.5 trillion is allocated through tax incentives, loans, and other financing mechanisms for infrastructure, research, resilience, and clean energy deployment. The outlay would be funded by "structural changes to the tax code" that end tax breaks to fossil fuel companies and raise rates on corporations and top earners. Of the remaing $1.5 trillion, $1.2 trillion would go to grants for sustainable housing, transportation, public health, farming, and start-ups.
As opposed to a carbon tax or a cap-and-trade system, O'Rourke is advocating a legally-binding net-zero emissions standard by 2050. The plan doesn't rule out pricing carbon but instead focuses on setting definitive goal posts.
If elected, O'Rourke noted will re-enter the Paris climate agreement, implement rules to cut methane and other "super-potent" GHG emissions, tighten clean air rules, ramp up appliance efficiency standards, demand clean energy procurement from federal contractors, and end new fossil fuel leases on public lands. (Source: Vox, Various Media, 30 April, 2019)
More Low-Carbon Energy News Climate Change, Carbon Emissions, Carbon Tax, Methane, Clean Air,
Shell claims its move is in line with the 2015 Paris climate agreement's goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.
It is also reflects investor pressure on oil companies, particularly in Europe, to change in their behavior around climate. Along that line, in 2018 Shell announced plans to introduce industry-leading carbon emissions targets linked to executive pay.
Sustainable Business,Various Media, April, 2019) Contact: AFPM, Ben van Beurden, CEO, Pres., (202) 457-0480, www.afpm.org
More Low-Carbon Energy News American Fuel & Petrochemical Manufacturers , Shell, Climate Change,
"Go look at the countries that are still in the Paris Agreement and see what their CO2 emissions were. It's one thing to sign a document; it's another thing to actually change your behavior." -- Mike Pompeo, US. Secretary of State , 1 April, 2019
Editor's Note: It would seem the Trump Administration and Sec. Pompeo are expecting an immediate, if not overnight turn around and even a reversal of the earth's climate change fortunes in the short time since the signing of the Paris Climate Agreement.
More Low-Carbon Energy News Paris Climate Agreement, Paris Accord, Climate Change,
The Act will help mitigate the uncertainty surrounding these power plants and spur investments in new renewable energy and battery storage projects across Illinois as well as sustain otherwise uneconomic generation for five years while allowing time for additional capacity to come online.
Currently, as much as 75 pct of Vistra's subsidiaries' -- TXU Energy, Homefield Energy, Dynegy and Luminant -- downstate generation capacity located within MISO Zone 4 is at risk of closure by the end of 2019. Vistra's subsidiaries' nearly 5,500 MW of generation capacity accounts for 40 pct of MISO Zone 4's summer capacity.
The Illinois Coal to Solar and Energy Storage Act will:
In 2018, Xcel Energy cut carbon emissions by 3 pct and has reduced carbon emissions by 38 pct from 2005 levels by adding new wind and solar to its energy portfolio while retiring coal plants and transitioning with cleaner natural gas. Last year, Xcel Energy opened its new 600-megawatt Rush Creek wind farm in Colorado, the company's largest wind farm. Further, it will retire more coal plants or change those operations to reduce emissions and support strategic electrification of certain end uses, such as transportation, as well as invest in technologies to upgrade its grid.
(Source: Xcel Energy, Daily Energy Insider, 8 Mar., 2019) Contact: Xcel Energy, www.xcelenergy.com
More Low-Carbon Energy News Xcel Energy, Carbon Emissions,
The USCA was a reaction to President Donald Trump's announcement the U.S. would withdraw from the December 2015 Paris climate agreement because the restrictions would hurt America's economy without improving the environment.
USCA members pledge to implement policies advancing the goals of the Paris climate agreement, in part by reducing greenhouse gas emissions by at least 26 to 28 pct below 2005 levels by 2025. USCA members are also required to accelerate new and existing policies to reduce CO2 and promote clean energy deployment at the state and federal level.
(Source: Various Media, The Heartland Institute, 7 Mar., 2019)
Contact: United States Climate Alliance, www.usclimatealliance.org
More Low-Carbon Energy News United States Climate Alliance ,
The minister noted that politicians should stop burying their heads in the sand in the face of climate change and stop fooling themselves and the population. “When the cows run out of water or the harvest fails, you can't pretend that everything is in order. Doing nothing costs money, she asserted, pointing to the costs of damage from avalanches, fires, and floods. We should stop seeing climate protection as something that only costs", she noted to illustrate her point.
In December 2017, the Swiss Federal Council adopted revisions to the Federal Act on the Reduction of CO2 Emissions (CO2 Act) to help it achieve its commitment to the Paris Climate Agreement. But, in December 2018, the House of Representatives rejected the proposal after conservative-right parties weakened the revisions including removing a domestic CO2 emissions target.
(Source: Swiss Federal Department of the Environment, Transport, Energy and Communication, SWI SwissInfo.ch, 3 Mar., 2019) Contact: Swiss Federal Department of the Environment, Transport, Energy and Communication, Simonetta Sommaruga, Minister, +41 58 462 55 11, www.admin.ch/gov/en/start/departments/department-of-environment-transport-energy-communications-detec.html
More Low-Carbon Energy News Climate Change,
The study attributes the country's progress to the increasing growth in wind and solar power nationwide. The country is adopting renewable energy faster per capita than the rest of the world, the study said. The pipeline of new wind and solar systems is averaging about 6.3 GW a year, the study showed.
The report notes that each extra gigawatt of renewables displaces about 2 million tonnes of carbon dioxide (CO2) equivalent emissions from coal-fired power, implying that Australia's pipeline of renewables would cut emissions by about 12 million to 13 million tpy of CO2 equivalent. Assuming other sectors' emissions grow by 2 million tonnes of CO2 equivalent a year, the net reduction would be about 10 million to 11 million tpy which would put Australia on track to meet its Paris target before 2030.
The study, which was based on data from Australia's Clean Energy Regulator, found that for Australia to meet its target, emissions would have to fall to between 430 million and 442 million tpy of CO2 equivalent.
However, as of the end of 2017, emissions had risen to 553.7 million tonnes of CO2 equivalent, according to data from Australia's National Greenhouse Gas Inventory.
(Source: Australian National University, SBS , Feb., 2019) Contact: Australian National University, Prof. Andrew Blakers, email@example.com, +61 2 612 55905, www.anu.edu.au;
Australia National Greenhouse Gas Inventory, ageis.climatechange.gov.au
More Low-Carbon Energy News Paris Climate Agreement, Carbon Emissions, GHG, Australia GHG, Climate Change,