Zeke Hausfather at Carbon Brief summarises the UNEP 2021 Emissions Gap report, released last week. It explores the impact of the net-zero emissions pledges of nations, and the âgapâ between them and the Paris targets. As COP26 gets started, 136 countries either have some form of commitment to a net-zero target or are considering it. Of those, 49 plus the EU have a firm net-zero commitment. But only 11 countries have targets enshrined in law. … [Read more...]
New net-zero pledges from China, US, EU and others can meet our climate goals, says UNEP. ButâŚ
Existing national commitments imply that todayâs emissions will simply plateau, remaining only slightly below 2019 levels by 2030. However, according to the latest UN Environment Programme (UNEP) emissions gap report, the new commitments from China, the EU, Japan, South Korea, the UK, Joe Bidenâs US and others are âbroadly consistentâ with the Paris Agreementâs 1.5C goal for 2050. But commitments arenât policy, warns UNEP, and only real change … [Read more...]
2018 investment in renewables 12% down on 2017
At $272.9bn, 2018 investment in renewables capacity was 12% down on the previous year. Despite this, renewablesâ investment was three times the total for coal and gas-fired generation capacity combined in 2018. Over the last decade, $2.6tn was invested in renewables (half going to solar), quadrupling capacity to 1,650GW. Consequently, renewablesâ share of electricity generation reached 12.9%, up from 11.6% in 2017. This avoided an estimated 2bn … [Read more...]
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