A year after Germany’s 28-member “Coal Commission” presented a fragile compromise brown coal phase-out, in mid-January Merkel’s Grand Coalition government formally released their own plan. Breaking with the Commission’s recommendations by slowing down the pace of the phase-out, immediately greenlighting the new Datteln 4 hard coal plant and showering RWE and other coal operators with billions of Euros, it also calls for more gas plants and additional wind turbine construction limitations. Neither ensuring Germany can adhere to the Paris Agreement nor its own clean energy targets, environmental groups are outraged as investors celebrate. L. Michael Buchsbaum takes us into the dirty deal.
All posts tagged: Paris Agreement
COP25 – Failure in Madrid
Four years after world leaders came together on the Paris Climate Agreement – and an increase of 4 percent in global carbon emissions later –, the COP25 in Madrid failed to reach what it was set out to do: reach an agreement on international carbon markets, a mechanism intended to make it easier for many countries to reduce their greenhouse gas emissions. The COP25 shows yet again how divided the world remains on climate change. Meanwhile global temperatures keep rising, the scientific prognosis is as unequivocal as ever, and a growing number of people are urging their governments to act. Rebecca Bertram reports
Fail: Merkel’s market-friendly Climate Plan banks on fairy tales
After months of deliberations, in late September Germany’s ruling coalition, made up of the center-right CDU/CSU and the Centrist SPD unveiled their new climate action strategy—to near universal disappointment. Now approved by the government, the plan’s architects hope a weak plan is better than none at all. L. Michael Buchsbaum summarizes
Fire in the holes: Transforming mined out lands into solar plants
While most post-mining plans, especially for surface mines, calls for pits to be redeveloped into lakes or farm land, an increasing body of research and evidence shows that these ripped-up landscapes can be successfully transformed into clean energy gold mines—whose solar PV resource potential, unlike coal’s, is infinite. L. Michael Buchsbaum reports
Sound and fury: Merkel’s Climate Cabinet and its shortcomings
Despite increasing public pressure, both coalition parties within Merkel’s so-called Climate Cabinet favor taxes or market based trading schemes to tackle the climate crisis instead of new regulations to increase renewable energy or hard measures to phase out fossil fuels. L. Michael Buchsbaum takes a look
Energy transition ‘happening fast but not quickly enough’
The remaining carbon budget to limit global warming to 1.5°C will be exhausted as early as 2028, even as the transition to low-carbon energy gains momentum, according to risk management firm DNV GL, which calls for “extraordinary policy action” to lower emissions. Frédéric Simon reports
Greta’s Coming for Us: It’s the climate-change believers she’s out to flip
On a high-speed, zero-emissions vessel, Greta Thunberg arrived in the
U.S. from Europe on August 29 – a masterpiece of symbolism and PR savvy, the kind which by now we’ve come to expect from the Swedish teenager and her fellow activists in the Fridays for Future movement. In the space of just one short year, their audacious “school strikes” on Fridays have prompted a startling reality check among citizens and politicos in much of Europe and beyond, including German chancellor Angela Merkel – but, alas, not in the US. Paul Hockenos reports
China’s emissions ‘could peak 10 years earlier than Paris climate pledge’
CO2 emissions in China may peak up to a decade earlier than the nation has pledged under the Paris Agreement, according to a new study. Josh Gabbatiss reports
Wanted: a double reorientation of energy finance
Several countries’ national determined contributions (NDCs) highlight climate finance as a precondition for the ambitious action needed to achieve development paths compatible with limiting global warming to 1.5°C in 2100. Many hopes have been pinned on new market mechanisms in this context, but the trade-offs demanded by carbon trading schemes continued to be hotly debated at the UNFCCC last week, not least due to their political and economic implications. Laima Eicke reports
Financing of coal power by G20 states is undermining the Paris climate agreement
In the upcoming days Japan will hosts its first ever G20 Summit. As the main contributers to global warming, the G20 states agreed 2009 on a phase out plan of fossil fuel subsidies. Ten years later the failure of the G20 to act on global warming is evident: around $63.9 billion was spent by G20 countries this year to develop coal industries in the global south. Dr. Rainer Quitzow reveals the facts.