America’s first offshore wind farm has commenced commercial operations and is now sending electricity to New England’s grid, it was announced on Monday, December 12 2016.
An offshore wind farm
The Block Island Wind Farm is located off the cost of Rhode Island and is a 30 megawatt, five turbine installation. A submarine transmission cable system is linking the energy produced by the wind farm to the grid, offshore developer Deepwater Wind said on Monday.
“Rhode Island is proud to be home to the nation’s first offshore wind farm – and I’m proud to be the only governor in America who can say we have steel in the water and blades spinning over the ocean,” Gina M. Raimondo, governor of Rhode Island, said in a news release on Monday.
“As the Ocean State, we’re motivated by our shared belief that we need to produce and consume cleaner, more sustainable energy and leave our kids a healthier planet – but also by this tremendous economic opportunity,” she added.
Over 300 local workers were involved in the development, construction and commission of the Block Island Wind Farm, Deepwater said.
According to the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, “offshore wind resources are abundant, stronger, and blow more consistently than land-based wind resources.”
While offshore wind is new to America, it is well established in Europe. According to WindEurope, the first six months of 2016 saw 114 commercial offshore wind turbines fully grid connected.
Back in the U.S., there was optimism regarding the offshore turbines now producing energy.
“This is a historic milestone for reducing our nation’s dependence on fossil fuels, and I couldn’t be more thrilled that it’s happening here in the Ocean State,” U.S. Senator Sheldon Whitehouse said.
“Congratulations to all of the many partners whose years of diligent planning and outreach have put Rhode Island at the forefront of clean energy innovation and positioned our offshore wind industry for growth.”
Members approve new Department of Climate, Biodiversity, Land and Water, plus work plan that better syncs with the SDGs
Deliberations during the FAO Council
The 155th session of the Food and Agriculture Organisation of the United Nations (FAO) Council that held recently in Rome, Italy has endorsed the creation of a new department focused on climate change and approving a fine-tuned strategic framework that fully aligns the organisation’s work with the 2030 Global Agenda.
Starting next year, the new Department of Climate, Biodiversity, Land and Water will lead FAO’s efforts to support countries in adapting food systems to climate change and fulfilling their commitments made under the Paris Climate Treaty. It will also oversee all FAO work related to the sustainable management of land and water resources which underpin global food production.
Speaking at the council closing session, FAO Director-General José Graziano da Silva thanked its members for endorsing the adjustments to FAO’s working structure, “And for recognising the urgency to enable FAO to better focus on the implementation of the Sustainable Development Goals, as well as the Paris Agreement.”
The FAO Reviewed Strategic Framework represents a light recalibration to the organisation’s work plans to reflect recent global developments – particularly the new 2030 Sustainable Development Goals that are now driving the international development agenda. It incorporates SDG metrics, indicators and targets indicators directly into FAO’s own progress monitoring framework.
The Council also approved the creation of a new office of the Chief Statistician to ensure a standardised approach to data reporting across FAO and agreed with the proposal to appoint an additional Deputy Director-General position, charged with overseeing the organisation’s work related to technical cooperation, resource mobilisation, partnerships and South-South cooperation.
The newly approved strengthened management structure will bolster FAO’s ability to deliver technical and other assistance to countries as well as improve the quality of data used to monitor and evaluate progress.
The Council is the executive arm of FAO’s top-level governing body, the Conference of Members. Made of up 49 member nations elected for staggered three year terms, the Council convenes between sessions of the main conference to provide advice and oversight related to programmatic and budgetary matters.
Mariann Bassey Orovwuje of the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) and member of the Friends of the Earth International (FoEI) delegation at the 13th Meeting of the Conference of the Parties (COP13) to the UN Convention on Biological Diversity (CBD) in Cancun, Mexico, presented a statement on behalf of the Civil Society Working Group on Synthetic Biology during a plenary session, asking for more regulation on synthetic biology.
Mariann Bassey Orovwuje at the CBD/COP13 in Cancun, Mexico
Mariann warned: “Gene drives have quickly emerged as an extremely high risk synthetic biology application since the last COP and should therefore be placed under a moratorium.”
This was part of a request from 168 organisations worldwide, including the FoEI, who signed a “Common call for a global moratorium on gene drives”. The signatories want the moratorium to be effective on any further technical development and experimental application of gene drives and on their environmental release.
Gene drives can detrimentally alter ecosystems and boost agrochemical sales
Gene drives are a form of experimental genetic engineering technology which is raising a lot of concern within civil society. It consists of passing on a specific bioengineered trait to all or most of the offspring of a species so the trait becomes dominant in wild populations of the target species over a few generations. This technology can be used to eradicate invasive animal species for conservative purposes, weed species for agricultural purposes or insects like the mosquitoes that transmit malaria for health security purposes.
The problem is that, given the current state of scientific knowledge, it is not possible to predict the ecological impacts of the environmental release of gene drives. Eradicating a single species or modify its behavior can alter ecosystems. Suppressing a weed species can lead, for example, to the loss of habitat for animal species and the establishment of invasive ones.
Gene drives are developed using a gene editing system called CRISPR-Cas9. In agriculture, its development can boost agrochemical sales because there have been proposals to render weed species susceptible to proprietary agrochemicals (just like Monsanto rendered its GMOs resistant to Roundup).
Synthetic Biology needs an operational definition
Mariann Bassey called on the Parties to “adopt an operational definition of synthetic biology”, as the absence of a definition has already begun to obstruct work on this topic under the CBD and its Protocols (the Protocol of Nagoya and the Protocol of Cartagena) and has been used as an argument against examining the risk assessment of synthetic biology.
According to the Civil Society Working Group on Synthetic Biology – in which are also participating EcoNexus, Ecoropa, ETC Group, Heinrich Böll Foundation, The Sustainability Council and Third World Network – synthetic biology is “the next generation of biotechnologies that attempt to engineer, redesign, re-edit and synthesise biological systems, including at the genetic level”. The definition that the CBD and the Protocols should adopt “should include techniques for genome editing and genome synthesis”, stated the Group in its document “Synthetic Biology and the CBD”.
Digital sequencing can lead to digital biopiracy if not regulated
The Nigerian activist pointed out the need to address the “urgent issue” of digital sequences and biopiracy at the CBD level and the Nagoya Protocol level. “Rapid advances in sequencing and synthesising DNA mean that digital biopiracy is now possible, circumventing the rules on access and benefit sharing (ABS)” set up by the Nagoya Protocol, warned the Civil Society Working Group on Synthetic Biology in its document titled: “Synthetic Biology and the CBD”.
By ABS, the Nagoya Protocol means the sharing of the benefits arising from the utilisation of genetic resources and states that it must be done in a fair and equitable way.
The risk with genetic resources (DNA sequencing, for example), is that they can be transferred digitally and synthesised into living matter without physical exchange of biological material, “which poses major challenges to the many ABS systems that assume and utilise material transfer agreements,” wrote the Group. “It is important for the CBD to take a leading role in determining how to ensure that digital sequence information and gene editing are not used to amplify biopiracy and undermine ABS regimes.”
A need to address the Socio-Economic and Ecological impacts of Synthetic Biology
“The Convention requires an ongoing process to address the impacts of synthetic biology on sustainable use of biodiversity – especially the socioeconomic and indirect impacts”, said Mariann Bassey during the plenary. For example, some natural products are being produced with synthetic biology techniques by the synthetic biology industry instead of by farmers, and more synthetic biology products are in development – there is a huge risk that farmers lose their livelihoods.
Mariann Bassey also called on the Parties to address the issue of synthetic biology under the focus of biosafety, at the level of the Cartagena Protocol, where she said they should establish a process for the development of guidance on the basis of the outline on “Risk Assessment under the Cartagena Protocol” developed by the AHTEG. It is urgent given that synthetic biology is likely to lead to the development of organisms that will differ fundamentally from naturally occurring ones.
Against the backdrop of the incoming administration of U.S. President-elect Donald Trump and a new Republican Congress, a recent national survey conducted shortly after the election by the Centre for Climate Change Communication, George Mason University, Fairfax, Virginia, finds that, across party lines, 69% of registered voters say the U.S. should participate in the international agreement to limit global warming, compared to only 13% who say the U.S. should not.
US president-elect, Donald Trump. The report includes insights about what kinds of climate change and energy policies American voters support and oppose
Likewise, 70% of registered voters support setting strict carbon dioxide emission limits on existing coal-fired power plants to reduce global warming and improve public health, even if the cost of electricity to consumers and companies increased – a core component of the EPA’s (Environmental Protection Agency) Clean Power Plan. Democrats (85%), Independents (62%) and Republicans (52%) all support setting strict limits on these emissions.
Other key findings include:
As strategies, 78% of registered voters support taxing global warming pollution, regulating it, or using both approaches. Only 10% oppose these approaches.
If Congress passes a fossil fuel tax, the most popular uses of the revenue are developing clean energy (81% of registered voters support), improving America’s infrastructure (79%), assisting workers in the coal industry, who may lose their jobs as a result of the tax (73%), and paying down the national debt (67%).
Half of registered voters (51%) think government policies intended to transition away from fossil fuels and toward clean energy will improve economic growth and provide new jobs. An additional 21% think it will have no impact on the economy or jobs. Only 27% think it will reduce economic growth and cost jobs.
Across party lines, a large majority of registered voters (83%) support generating more renewable energy on public land in the U.S. Comparatively less support more drilling or mining of fossil fuels on public land (47%).
Registered voters support a major investment in the nation’s infrastructure (69%) including majorities of Democrats (75%), Independents (58%), and Republicans (67%).
If Congress were to invest in the nation’s infrastructure, registered voters’ highest priorities are modernising and improving the nation’s roads, bridges, and highways, followed by water supply systems, and the electricity grid.
During the campaign, Donald Trump promised a major investment in the nation’s infrastructure. Across party lines, registered voters strongly support this proposal. Interestingly, they are also willing to support a carbon tax to fund these investments.
The report includes several more insights about what kinds of climate change and energy policies American voters support and oppose, broken down by political party and ideology.
Florina Lopez, coordinator of the Indigenous Women’s Biodiversity Network from Latin American and the Caribbean
The publication is based on case studies from indigenous peoples living in countries as geographically diverse as Australia, Panama and Russia. It shares success stories and challenges faced by IPLCs in relation to biodiversity, conservation and sustainable use and development.
Florina Lopez, coordinator of the Indigenous Women’s Biodiversity Network from Latin American and the Caribbean, said: “This publication is an important window through which indigenous women can illustrate their own knowledge, experiences and initiatives that contribute to the objectives of the convention.”
Another contributor, Kamal Kumar Rai, from the Kirant tribe of Nepal, said: “For years when we went to get leaves, timber or grasses from the forest, we would always see the red panda. They were so peaceful, it made us happy to see them. They became a sign of good luck to us. Red pandas are endangered in the world, but in my community, the number of red pandas is increasing, and that’s because we protect their habitat.
“The role of indigenous peoples and local communities in protecting endangered and threatened species is something more people should know about; it is important that people respect our contribution to protecting this species. Sharing these examples is why this publication is so essential.”
Chrissy Grant, member of the Jabalbina Yalanji Aboriginal Corporation in Australia, said: “A publication like this is useful because it helps expose the issues communities are facing in managing, conserving and protecting local biodiversity. If more people know about these issues, then they understand more about what we do and why. It’s also important for us to make decision-makers aware of the extent of the issues that communities are facing so these are taken into account in local, national and international policies and laws.”
The publication was a collaboration between the International Indigenous Forum on Biodiversity (IIFB) and the Forest Peoples Programme, with support by the Secretariat of the Convention.
Ramiro Batzin, IIFB global coordinator and executive director of SOTZ’IL, said: “The publication is a vehicle for safekeeping the traditional knowledge of indigenous peoples and local communities for future generations.”
Joji Carino, coordinator of the IIFB working group on indicators and senior policy advisor at Forest Peoples Programme, said: “Indigenous peoples have first-hand knowledge about the state of biodiversity on the ground: as users and managers or as actors against threats from land use conversion. Local Biodiversity Outlooks collects reports from the biodiversity frontlines and is a necessary complement to national and global data and reporting.”
Maurizio Farhan Ferrari, environmental governance coordinator at Forest Peoples Programme, said: “There are many case studies within Local Biodiversity Outlooks illustrating the vital contributions of indigenous peoples and local communities to local and global biodiversity. This is just a small sample of the many and diverse ways in which indigenous people and local communities sustainably use and protect their lands and resources; recognizing and supporting their actions is one of the most effective ways to safeguard the future of the world’s biodiversity.”
Its key findings include:
Collective actions of indigenous peoples and local communities (IPLCs) are advancing the Strategic Plan for Biodiversity and all 20 Aichi Biodiversity Targets.
IPLCs’ lands hold much of the world’s biodiversity; supporting their actions can be one of the most effective ways to secure biodiversity conservation and sustainable use.
Biological and cultural diversity together increase resilience to social, environmental and climate changes.
Policy commitments on traditional knowledge and customary sustainable use must be translated into programmes and projects in partnerships with IPLCs.
Recognising customary land tenure and traditional occupations, and protecting human rights secure social well-being, and ecosystem and climate benefits.
Community-based mapping and monitoring complements wider data and reporting systems and promotes accountability for social, biodiversity, development and climate commitments.
Antonio Guterres was on Monday, December 12 2016 sworn in as the ninth and next UN Secretary-General, but there are uncertainties concerning his deputy.
Antonio Guterres addresses the UN after the oath-taking ceremony
There have of recent been unconfirmed media reports that Amina Mohammed, Nigeria’s Minister of Environment, has been appointed as Deputy Secretary-General of the United Nations.
In fact, social and traditional media outfits had reported widely that Mrs Mohammed is set to be appointed UN Deputy Secretary-General.
A tweet by Pamela Falk, CBS news reporter for the United Nations, obtained by NAN, said that the world body would soon release a statement confirming the appointment of the Nigerian Minister of Environment.
She is expected to be deputy to Antonio Guterres, who will assume office as UN Secretary-General on Jan. 1, 2017.
Mohammed was appointed Minister of Environment by President Muhammadu Buhari in Nov. 2015.
Environment Minister, Amina Mohammed, briefing the press in Abuja recently
But, in a tweet on Sunday in Abuja, Malam Garba Shehu, Senior Special Assistant on Media and Publicity to the President, assured that Nigerians would be fully informed on any development concerning the matter.
He said: “There is a lot of exuberance on the net concerning a UN job for Mrs Amina Mohammed. She remains our Minister of Environment.
“If there is anything on this that is released officially, we will let Nigerians know. I am pleased to know that she enjoys so much goodwill.”
Mohammed was recently appointed by President Buhari to serve in the African Union (AU) Reform Steering Committee as Nigeria’s Representative.
Mohammed, who hails from Gombe State in North-East, had formerly served as adviser to the outgoing UN Secretary-General Ban Ki-Moon.
Guterres on Monday pledged to carry out a far-reaching reform of the global organisation to make it effective and efficient in its response to global challenges. Guterres, in his remarks after taking the oath of office, said he would reposition development at the centre of the UN’s work and ensure that the UN can change to effectively meet the myriad challenges facing the international community.
“The United Nations needs to be nimble, efficient and effective. It must focus more on delivery and less on process; more on people and less on bureaucracy.
“The United Nations was born from war. Today, we must be here for peace,” Guterres said after taking the oath of office at a ceremony before the 193-member UN General Assembly.
The incoming UN secretary-general noted that addressing root causes, cutting across all three pillars of the UN – peace and security, sustainable development and human rights – must be a priority for the organisation.
Guterres, a former Prime Minister of Portugal from 1995 to 2002 and former UN High Commissioner for Refugees from 2005 to 2015, would replace Ban Ki-moon from Jan. 1, 2017.
Ban will step down on Dec. 31, 2016 after leading the global organisation for the past 10 years. The incoming scribe was formally appointed by the General Assembly on Oct. 13, 2016 in what was the culmination of a historic process, which member States set in motion late last year.
The selection of a new UN Secretary-General, traditionally decided behind closed-doors by a few powerful countries, for the first time in history, involved public discussions with each candidate vying for the leadership position.
Monday’s ceremony opened with the General Assembly paying tribute to the outgoing secretary-general for his contribution to the work of the UN since Jan. 1, 2006.
Global concentrations of methane, a powerful greenhouse gas and cause of climate change, are now growing faster in the atmosphere than at any other time in the past two decades.
Methane emissions by sources. Photo credit: Global Carbon Project of Future Earth
That is the message of a team of international scientists in an editorial published 12 December 2016 in the journal Environmental Research Letters. The group reports that methane concentrations in the air began to surge around 2007 and grew precipitously in 2014 and 2015. In that two-year period, concentrations shot up by 10 or more parts per billion annually. It’s a stark contrast from the early 2000s when methane concentrations crept up by just 0.5 parts per billion on average each year. The reason for the spike is unclear but may come from emissions from agricultural sources and mainly around the tropics – potentially from farm sites like rice paddies and cattle pastures.
Scientists involved in the editorial will discuss these trends at a session during the fall meeting of the American Geophysical Union (AGU) in San Francisco on Tuesday, 13 December 2016.
The findings could give new global attention to methane – which is much less prevalent in the atmosphere than carbon dioxide but is a more potent greenhouse gas, trapping 28 times more heat. And while research shows that the growth of carbon dioxide emissions has flattened out in recent years, methane emissions seem to be soaring.
“The leveling off we’ve seen in the last three years for carbon dioxide emissions is strikingly different from the recent rapid increase in methane,” says Robert Jackson, a co-author of the paper and a Professor in Earth System Science at Stanford University. The results for methane “are worrisome but provide an immediate opportunity for mitigation that complements efforts for carbon dioxide.”
The authors of the new editorial previously helped to produce the 2016 Global Methane Budget. This report provided a comprehensive look at how methane had flowed in and out of the atmosphere from 2000 to 2012 because of human activities and other sources. It found, for example, that human emissions of the gas seemed to have increased after 2007, although it’s not clear by how much. The methane budget is published every two to three years by the Global Carbon Project, a research project of Future Earth.
Methane, Jackson says, is a difficult gas to track. In part, that’s because it can come from many different sources. Those include natural sources like marshes and other wetlands. But the bulk, or about 60 percent, of methane added to the atmosphere every year comes from human activities. They include farming sources like cattle operations – cows expel large quantities of methane from their specialised digestive tracks – and rice paddies – the flooded soils make good homes for microbes that produce the gas. A smaller portion of the human budget, about a third, comes from fossil fuel exploration, where methane can leak from oil and gas wells during drilling.
“Unlike carbon dioxide, where we have well described power plants, almost everything in the global methane budget is diffuse,” Jackson says. “From cows to wetlands to rice paddies, the methane cycle is harder.”
But a range of information – such as from large-scale inventories of methane emissions, measurements of methane in the air and computer models – suggests that this cycle has shifted a lot in the last two decades. Jackson and his colleagues, for instance, report that the growth of methane in the atmosphere was mostly stagnant in 2000 to 2006. But that changed after 2007.
“Why this change happened is still not well understood,” says Marielle Saunois, lead author of the new paper and an assistant professor of Université de Versailles Saint Quentin and researcher at Laboratoire des Sciences du Climat et de l’Environnement in France. “For the last two years especially, the growth rate has been faster than for the years before. It’s really intriguing.”
Saunois adds that this runaway pace could threaten international efforts to limit warming from climate change to 2 degrees Celsius. The research provides a strong argument that “we should do more about methane emissions,” Saunois says. “If we want to stay below 2 degrees temperature increase, we should not follow this track and need to make a rapid turn-around.”
Pinpointing where those methane emissions are coming from, however, isn’t easy. Many environmental advocates in North America have raised concerns that expanded drilling for natural gas in recent years could lead to a surge in methane emissions. But Saunois says that based on available data, the more likely source, at least for now, is agriculture. She and her colleagues aren’t sure what may be driving this increase. According to the Food and Agriculture Organisation of the United Nations (FAO), livestock operations around the world expanded from producing 1,300 million head of cattle in 1994 to nearly 1,500 million in 2014 – with a similar increase in rice cultivation in many Asian countries.
Saunois and Jackson argue, however, that the story isn’t all bad news. A number of researchers have experimented with different ways of reducing methane emissions from farms. Feeding cows a diet supplemented with linseed oil, for example, seems to reduce the amount of methane they belch out. “When it comes to methane, there has been a lot of focus on the fossil fuel industry, but we need to look just as hard if not harder at agriculture,” Jackson says. “The situation certainly isn’t hopeless. It’s a real opportunity.”
“Climate Technology – the UNFCCC home for technology”, a new website that showcases UN Framework Convention on Climate Change (UNFCCC) support to countries for climate technology action, was launched by the UN organisation’s secretariat on Monday, December 12 2016.
Climate technology: Examples of projects seeking support
“Just as technology was the main catalyst in the development of fossil fuels, so it is the driver of successful climate friendly solutions, especially low-emissions technologies such as renewable energy and energy efficiency and also including the many solutions to adaptation to extreme climate. It is therefore essential to reach the goals of the Paris Agreement,” says the UN body.
Called TT:CLEAR, the website aims to be a go-to tool for speeding up the development and transfer of climate technologies. It contains easy-to-search databases for fundable technology projects and policies that countries could implement in their drive to shift onto low-carbon and climate resilient development pathways.
Linked to this, the website will function as a key resource for countries as they implement their climate action plans – called nationally determined contributions (NDCs) – to achieve the Paris Agreement’s objectives.
The website is also the home of the UNFCCC Technology Mechanism. It contains comprehensive information on its Technology Executive Committee (TEC), including the TEC’s up-coming meetings and relevant documents. It also links to the Climate Technology Centre and Network, the implementing arm of the Technology Mechanism, which provides free technical assistance to developing countries on climate technology issues.
One year after the world adopted the Paris Climate Change Agreement in France, climate action across governments, business and societies continues to scale new heights, according to the UN Framework Convention on Climate Change (UNFCCC). It adds that the challenge now is to take this to an even higher scale with a speed and an urgency that reflects the scientific reality.
Jubilation greeted the adoption of the Paris Agreement in December 2015 in Paris, France. Photo credit: unfccc.int
“2016 was an extraordinary year in many ways. In less than 12 months the Paris climate agreement entered into force and almost weekly, more countries ratify. Meanwhile nations, cities, regions, businesses and investors continue to signal their unwavering support through practical action, shifts in investments and ever more ambitious pledges,” says Patricia Espinosa, the Executive Secretary of the UNFCCC.
“This urgency and this action need not only to continue but to go to scale and gather ever more speed over 2017 and the years and decades to come – because current ambition still falls short of what is needed. In 2016 the UN’s World Meteorological Organisation (WMO) announced world-wide average temperatures had risen 1-degree Celsius in 2015 and that concentrations of the key greenhouse gas, carbon dioxide, reached past the significant milestone of 400 parts per million in the atmosphere over the entire year,” she adds.
Ms Espinosa said achieving the aims and ambitions of the Paris Agreement will also rest on the speed and urgency of realising the 17 Sustainable Development Goals (SDGs), adopted in 2015.
“From eradicating poverty in all its forms and improving health and well-being to conserving and restoring the Earth’s forests, wetlands, drylands and mountains, the SDGs and the climate agenda are inextricably interwoven and provide the guiding star to a better, more prosperous and stable future for us all,” she says.
The Paris Agreement’s primary goal – to limit global warming to well below 2°C and as close to 1.5°C as possible to prevent dangerous tipping points in the climate system – means that global emissions must peak soon and be driven down thereafter to achieve climate neutrality in the second half of the century. A balance must be achieved in the second half of this century between global emissions and removals through natural absorption into healthy ecosystems or through other human-managed means.
Priority Paths to Achieve Paris Goals
There are three broad and interlinked avenues of effort which will ensure the Paris goals are secured: national climate action by all countries across public and private sectors, international climate cooperation and a comprehensive shift in public and private investment to support both.
Last month’s UN climate change conference in Marrakech demonstrated that progress across all three avenues remains promising. A few examples follow to illustrate this progress across the three avenues but the very large spread of all positive actions at Marrakech can be seen here in the UNFCCC secretariat’s final COP 22 press release.
National Climate Plans
First, the Agreement is itself founded upon a global set of national climate action plans (NDCs) which countries have agreed will only rise in ambition over time. In Marrakech, the broad commitment at national level to increase ambition was apparent.
For example, a club of subnational governments, the Under2 Coalition, who have committed to reduce their emissions by at least 80 percent by 2050, announced their membership has grown to 165, representing a third of the global economy and a population of around one billion people across North America, Europe, Latin America, Africa and Asia.
The Climate Vulnerable Forum of over 40 nations issued a Marrakech Vision committing themselves to ambitious aims, including 100% renewable energy between 2030 and 2050.
International Climate Rulebook
Several countries – Canada, Germany, Mexico and the United States – also announced ambitious climate strategies out to 2050, reflecting the long-term goal of the Paris Agreement to achieve climate neutrality in the second half of the century.
It is also important that the poorest countries can develop their own national plans, which were the reason for the launch of the NDC Partnership – a coalition of developing and developed countries and international institutions working to ensure countries receive the technical and financial support they need to speedily meet their climate and sustainable development goals.
Second, the intergovernmental UN climate change process retains a most important task to complete the international “rulebook”, the operational manual of the Agreement which will deliver a transparent global accounting of emissions reductions, provision of climate finance, technology development and transfer, and adaptation needs.
The details of the task are complex but the principle is simple: transparency builds trust that countries are delivering on their pledges which, in turn, generate the confidence for all countries to increase their own ambition to the best of their abilities.
Countries have already built the foundation for this by peer assessing each other’s actions to cut emissions through a transparent process that began in 2014.
Governments pressed forward on the rulebook in Marrakech and indicated a fast track date of 2018 for completion.
Investment Shift
Third, a faster shift in investment in both developed and developing countries is under way, although even greater speed is necessary. Governments, multilateral and private sector institutions need to be able and willing to raise and allocate tens of billions of dollars at a time towards climate and sustainable investments. Meanwhile, smaller scale funding must be available to allow the individual investor, smaller companies and poorer countries without easy access to big money to take a full and willing part in this economic transformation.
Data from the UN and independent studies show that an annual flow of one trillion dollars per year into climate action should be achievable in the near term. The availability of 100 billion dollars per year by 2020 to assist directly the poorest and most vulnerable also remains a priority.
The Green Climate Fund (GCF) also announced the approval of the first two proposals for the formulation of National Adaptation Plans in Liberia and Nepal and said it was on track to approve a total of $2.5 billion worth of projects.
The next annual UN climate conference will be held in Bonn, Germany in November 2017 with the small island developing state of Fiji named as President.
Nearly two dozen of the world’s most successful business leaders, entrepreneurs and venture capitalists will invest up to $1 billion in a fund led by Microsoft co-founder, Bill Gates, which aims to reduce greenhouse gas emissions to almost zero by financing emerging clean energy technology.
Bill Gates
The Breakthrough Energy Ventures (BEV) Fund includes John Doerr, chairman of venture firm Kleiner Perkins Caufield & Byers; Alibaba founder Jack Ma; Khosla Ventures founder Vinod Khosla; Laura and John Arnold Foundation co-chair and former energy hedge fund manager John Arnold; Amazon founder and CEO Jeff Bezos; and SAP co-founder Hasso Plattner.
“I am honoured to work along with these investors to build on the powerful foundation of public investment in basic research,” BEV chairman Bill Gates said in a statement on Sunday night (December 11, 2016). “Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world.”
The new fund is part of the Breakthrough Energy Coalition, which Gates launched in December 2015 in an effort to bring together a global group of investors who were committed to developing the nest-generation of energy technologies. The BEC was launched alongside Mission Innovation, a multi-billion-dollar clean energy research and development initiative on the opening day of the U.N. climate change summit in Paris. The countries participating in the initiative committed to doubling their clean energy technology research and development budgets by 2020 and private investors will boost their own investments in the sector.
BEV will help build companies based on the promising technologies that come out of these countries’ scaled-up public research pipelines, according to participants in the fund.
The new fund, which will have a 20-year lifespan, is designed to be both broad and scientific – two seemingly contradictory focuses – in its investment approach. The fund will not be confined to a specific segment of the investment pipeline, which means it will put money into startups at the earliest of stages all the way to companies that have reached commercialisation. The fund will consider investments across a broad number of energy sectors, including electricity generation and storage, transportation, industrial system use, agriculture, and energy system efficiency.
At the same time, BEV will collaborate with other investors, governments, research institutions, and corporate partners to develop a fund with internal scientific expertise. The goal here isn’t for a quick flip, in terms of return on investment. Instead it’s meant to look towards startups and companies with the best energy technology – with the understanding that these might be long-term and involve the kind of risks required to transform energy markets, according to the coalition.
The coalition also shared its “Landscape of Innovation,” a guide of sorts for public and private investors interested in putting their money towards technology that could lead to a zero-carbon emissions world.
Cleantech was a rising venture star a decade ago with funds, including those started by Kleiner Perkins Caufield & Byers and Khosla Ventures investing in startups such as Bloom Energy and geothermal company AltaRock Energy. But cleantech lost it’s luster for some firms even as the global population and the planet’s temperature continue to rise. Some of these investments have helped fund breakthrough in clean energy that have led to commercial adoption. While others, have fallen flat.
Solar panel installations have boomed in the U.S., China, and parts of Europe thanks to a combination incentives, venture funding, and regulations. While commercialising low-cost biofuels, energy storage, as well as carbon capture and storage have hit a myriad of headwinds.