Developing nations like China, India and South Africa are being asked to phase out coal more than twice as fast as any comparable energy phase-out in history, for the world to meet the Paris climate goals. That’s simply unrealistic say James Price and Steve Pye at UCL who present the results of their new study. Instead, rich nations will have to reduce significantly their oil and gas to compensate for the shortfall. An oil and gas peak isn’t good … [Read more...]
“New Collective Quantified Goal”: how much should rich nations pay developing nations for climate mitigation?
Is the $100bn a year promised by rich nations to developing ones to assist their climate mitigation plans enough? Almost certainly not, explains Mahlet Eyassu Melkie at Rocky Mountain Institute. That number was pretty much plucked out of the air for political reasons. To come to an evidence-based number, a great deal of assessment, analysis and finally agreement is needed internationally. That process is called the New Collective Quantified Goal … [Read more...]