The stories you want. The opinions that matter.
No, thanks
Here’s Who’s Missing As 185 Nations Bid To Cut Climate Pollution

Here’s Who’s Missing As 185 Nations Bid To Cut Climate Pollution

By Alex Morales, Bloomberg News (TNS)

PARIS — Just 10 nations are sitting on the sidelines of the United Nations effort to rein in climate change, which drew unprecedented support from world leaders last week who turned out in record numbers to get the talks going in Paris.

Of the 195 countries represented at the discussions, 185 have submitted pledges. That’s a remarkable feat on its own and stands in contrast to previous U.N. gatherings.

“You need to take a moment to realize that that is an absolutely extraordinary number,” U.S. Special Envoy for Climate Change Todd Stern told reporters on Friday. “Virtually all the countries here have put forward their targets.”

The last time countries tried to strike a global deal was in 2009 in Copenhagen, when the discussions collapsed in a round of finger- pointing over who should move first on pollution. No official pledges were made before that conference, and just 55 countries met the deadline for submissions set for after the summit.

This time, ministers are more confident they’ll reach a deal, even though there are still holdouts. The pledges already on the table are estimated to limit the temperature increases since pre-industrial times to 2.7 degrees Celsius (4.9 degrees Fahrenheit). That’s short of the 2 degrees that envoys are targeting and the 1.5 degrees that the most vulnerable nations want — but it’s much better than doing nothing.

According to World Resources Institute data, the 10 nations not pledging account for a little over 2 percent of global emissions.

Here are the countries that haven’t yet submitted what the U.N. terms Intended Nationally Determined Contributions, starting with the biggest polluter not making a pledge:

Venezuela:

One of the blockers in Copenhagen, the South American oil exporter accounts for 0.83 percent of global greenhouse gases. Venezuelan envoy Claudia Salerno told reporters last week that the country’s pledge has been ready “for a long time,” but that Venezuela prefers to keep it up its sleeve in case the Paris deal isn’t ambitious enough. “We will keep until the end the possibility to continue to fight INDCs as not being the perfect tool to achieve the temperature goal that we set ourselves,” she said.

Uzbekistan:

The central Asian nation and former Soviet republic emits 0.5 percent of the world’s greenhouse gases.

Libya:

The divided nation with Africa’s largest oil reserves accounts for 0.27 percent of world emissions. With competing eastern and western administrations, preparing an emissions pledge won’t be at the top of Libya’s priorities.

North Korea:

The hermit nation, largely isolated from the rest of the world because of its repressive regime, emits 0.18 percent of world greenhouse gases.

Syria:

War-torn Syria divided into a patchwork of areas controlled by different factions, including Islamic State, is another country whose political situation prevents it from paying attention to its emissions. It makes 0.15 percent of the global total.

Nicaragua:

The Central American nation also stood against the deal in Copenhagen. It emits 0.09 percent of the world’s greenhouse gases. Nicaraguan envoy Paul Oquist Kelley last week compared the INDC process to a “lottery” that won’t succeed in limiting temperatures to acceptable levels. “It will take us to a 3-degree hell,” he told reporters. “Which is 4 degrees and 5 degrees in many of our countries.” He said Nicaragua won’t pledge because the whole system is distracting attention from inaction of the biggest polluters, like the U.S. and European Union.

Nepal:

One of Asia’s poorest nations, the country accounts for 0.08 percent of emissions.

Panama:

The Central American country accounts for 0.05 percent of greenhouse gases.

East Timor:

One of the world’s newest countries after gaining independence from Indonesia in 2002, East Timor accounts for around two-thousandths of 1 percent of world emissions, according to EU data.

Saint Kitt’s & Nevis

The Caribbean island country accounts for less than a thousandth of a percent of global greenhouse gases.

©2015 Bloomberg News. Distributed by Tribune Content Agency, LLC.

Photo: French President Francois Hollande (C, 1st row), United Nations Secretary General Ban Ki-moon (4th, 1st row) and Christiana Figueres (3rdL, 1st row), Executive Secretary of the UN Framework Convention on Climate Change, pose for a family photo with head of states and government during the opening day of the World Climate Change Conference 2015 (COP21) in Le Bourget, near Paris, France, November 30, 2015.  REUTERS/Jacky Naegelen

How The Rise Of Renewables Brings A Fix For Climate Ever Closer

How The Rise Of Renewables Brings A Fix For Climate Ever Closer

By Alex Morales, Bloomberg News (TNS)

LONDON — United Nations climate talks set to begin in Paris next week promise to produce a landmark deal that has eluded diplomats for more than two decades.

All of the Group of 20 nations, including the biggest developing countries — China, India and Brazil — have prepared to limit emissions into the next decade. Plunging costs for wind and solar power mean alternatives to fossil fuels are more viable.

At least 130 heads of government and state will descend on the city for the opening of the two-week conference Monday as France’s biggest diplomatic gathering since 1948 coincides with a security lockdown spurred by the deadly Nov. 13 terrorist attacks. Thousands of police and soldiers will be deployed, and planned demonstrations by environmental activists have been canceled due to the terror threat.

While the fatal assaults will make the mood more “sober,” said Yvo de Boer, a former U.N. global-warming chief who is now director-general of the Global Green Growth Institute in Seoul, South Korea, “there is a broader desire to see global action on climate change, which was there before the unfortunate Paris attacks and is still there now.”

Momentum is building toward a comprehensive deal to curb greenhouse gases and the worst effects of global warming, including prolonged droughts, rising seas and melting glaciers. The previous effort, in Copenhagen in 2009, collapsed in acrimony, and fewer than 80 nations stepped forward with emissions pledges. More than 170 countries have done so this time.

The pledges would restrain the rise in global temperatures to 2.7 degrees Celsius (4.9 degrees Fahrenheit) since pre-industrial times, according to Climate Action Tracker. That’s better than its 2009 projection of 3.5 degrees Celsius, though short of the international target of 2 degrees and the goal sought by island nations of 1.5 degrees.

“In Paris we have two important positive points of departure: global political momentum and leadership and a better competitive environment for clean energy,” said International Energy Agency Executive Director Fatih Birol.

As costs come down, countries are investing more in renewables, especially developing countries. In six years, India has multiplied by five its solar power target for 2022, raising it to 100 gigawatts.

Wind turbines cost $935,000 per megawatt on average, down from 2009, according to Bloomberg New Energy Finance. Solar panel prices have fallen to 65 cents per watt this year from about $2 at the end of 2009, according to Jenny Chase, BNEF’s head of solar analysis. The cost of a kilogram of polysilicon, the raw material used in most panels, this month fell to $14.76, a record low that’s a quarter of the price in December 2009.

Onshore wind power is cheaper than fossil generation in Brazil, Chile and the windiest parts of Texas and Oklahoma, said Amy Grace, who heads BNEF’s wind analysis. In most major European markets, including the U.K. and Germany, the best wind projects are cost-competitive with new coal and gas plants when accounting for the carbon price.

“It’s actually possible now to combine growth with a green agenda to tackle climate change,” Vestas Wind Systems A/S Chief Executive Officer Anders Runevad said in an interview.

“The cost of delivering this looks more manageable now,” said U.K. Energy and Climate Change Secretary Amber Rudd.

There are signs of a retreat from coal and oil. Investors with $2.6 trillion of assets under management have pledged to withhold money from fossil fuels, up from $50 billion a year ago. The oil industry is divided, with European majors in June breaking with their biggest U.S. competitors and supporting efforts to put a cost on carbon pollution.

Last year, renewables contributed almost half of the world’s new power generation capacity, according to the IEA. Mandatory energy efficiency regulations on everything from fridges to industrial boilers now cover more than a quarter of global energy use, the agency says. In the five years through 2014, new investment in clean energy totaled $1.46 trillion, up from $802 billion in the five previous years, according to BNEF.

While investment in renewable energy has boomed, the industry hasn’t been a safe bet in the stock market. WilderHill New Energy Global Innovation Index of 105 clean energy companies has tumbled 29 percent since the Copenhagen climate summit while global shares in the MSCI World Index appreciated 46 percent, according to data compiled by Bloomberg. The so-called NEX index fell 9.5 percent in the past year as concern about the global economy prompted a flight to safety in equities.

Politically, efforts to boost renewable and curb global warming are gaining traction. The turning point came in November last year, when U.S. President Barack Obama and his Chinese counterpart Xi Jinping jointly announced efforts the world’s two biggest emitters will take to limit pollution, said Birol of the IEA.

Commitments by developing countries are crucial to a deal because their share of emissions has rocketed since 1992, when the United Nations Framework Convention on Climate Change established the divide that required only industrialized nations compelled to adopt numerical targets on emissions.

“You’re going from action by few to action by all,” EU negotiator Elina Bardram said in an interview. “The momentum is really unique.”

©2015 Bloomberg News. Distributed by Tribune Content Agency, LLC.

Photo: United Nations Photo via Flickr