Monday, December 14, 2015

COP21 Paris - a historic turning point for energy


On the 12th of December, 2015, high-level representatives from 195 nations, including many presidents and prime ministers, agreed to try to hold warming “well below” 2 °C above pre-industrial temperatures. On April 22, at the UN in NYC, the agreement takes full effect (once nations representing a majority of the planet’s GHG emissions sign the agreement). Unfortunately, the truth is that, even if the agreement in Paris is carried out by every nation, and to the letter, global temperatures will still be on course to rise by around 2.7°C by the end of the century.

Luckily, the best news of the entire COP21 came on Day 1 with the announcement of the Breakthrough Energy Coalition (breakthroughenergycoalition.com). The Breakthrough Energy Coalition is a group of more than 20 billionaires (including Bill Gates and Mark Zuckerberg {CEO of Facebook}) who have agreed to invest in innovative clean energy. The Coalition wouldn’t be able to fund and meet all of its goals without the most important international commitment by governments to invest in clean energy to date. Mission Innovation (mission-innovation.net) is a group of 20 countries including the U.S., Brazil, China, Japan, Germany, France, Saudi Arabia and South Korea, who have pledged to double government investment in clean energy innovation and to be transparent about its clean energy research and development efforts. In a statement from the Coalition, the importance of both groups is highlighted –

“THE WORLD NEEDS WIDELY AVAILABLE ENERGY that is reliable, affordable and does not produce carbon. The only way to accomplish that goal is by developing new tools to power the world. That innovation will result from a dramatically scaled up public research pipeline linked to truly patient, flexible investments committed to developing the technologies that will create a new energy mix. The Breakthrough Energy Coalition is working together with a growing group of visionary countries who are significantly increasing their public research pipeline through the Mission Innovation initiative to make that future a reality.”

Brazil was one of the last countries to join the ‘high ambition coalition’, while China and India were hold outs to this section of the pact. The 'high ambition coalition' are a group of countries, including most of the “Mission Innovation” countries and a group of the most vulnerable (smaller generally, and poorer) nations, that are looking towards a more ambitious goal of limiting global temperature rise to 1.5°C. China and India are the major emitters in the developing world, and were the last agree to the main pact, but not the high ambition goal, at COP21.
Below are some major resources for more information on the COP21:



COP21 Paris – breakdown of the event




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