Centre for Climate and Energy Analysis (CAKE)’s Post

🎯💡On the March 26th, 2024, the 3 rd #LIFEVIIEW2050 Platform of Experts meeting was held. During the meeting we delved into our latest analysis: „VIIEW on EU ETS: Exploring synergies between the #EUETS and other EU climate policy measures - #carbonremoval, #hydrogen, and sectoral #transport policy”. 🎤 Our experts, Jakub Boratyński, Igor Tatarewicz, Marek A. and Adam Wąs presented analytical-modelling and macroeconomic scenarios, sectoral results for #energy, #transport and #agriculture. The key findings and recommendations are presented below: 🔸 The sequestration of #CO2 through technologies such as #BECCS and afforestation is crucial for #climateneutrality in the EU, contributing to GDP growth and consumption. 🔸Introducing emission #sinks should be a priority, bringing financial benefits and reducing the burden on sectors, especially in countries such as Poland. 🔸Reducing emissions in the #agricultural sector is difficult, but the proper use of financial subsidies can help to reduce the #costs. 🔸The development of green #hydrogen production requires a sustainable subsidy plan, especially in the key years 2030-2035. 🔸The introduction of subsidies and #emission standards has a major impact on reducing emissions in the transport sector. 🙏 Thank you all the participants for joining us. It was an enriching session, discussing the impact of overlapping mechanisms like #removals, #hydrogen, #emissionstandards for vehicles, and #ETS for the #agricultural sector on the functioning of the #EUETS. #LIFEVIIEW2050 #LIFEProgramme #KOBIZE #IOSPIB LIFE Programme NFOŚIGW #LIFEProjects #carbonpricing #energytranistion #GHG #EUETS #ETS2 #CDR #removals #emissions #climatepolicy #Fitfor55 #EUGreenDeal #energy #decarbonisation #CO2

Congratulations to me on achieving second scholarship based Certificate from #UniversityofCambridge!!! On Key Essentials:The Paris agreement, sustainable development and the law. As an Environmental professional & Engineer, vast in Sustainability and ESG metrics analysis I would say that the most topical issue globally is #climatechange causative from human anthropological activities hence if we keep living the way we do (business as usual) the earth will warm above 2°C which will cause loss of biodiversity, flooding, heat waves, deforestation, loss of vegetation and increase in diseases. All hands need to be on deck! Has your country pledged #netzero by 2050? I am a Nigerian and my country has pledged to achieve Net zero by 2060(long term) and by 2030(short term) achieve 20% CO2(eq) reduction with business as usual model or 45% with international support. As individuals we can support our country's #NETZERO quest by doing the following 1) Decarbonize - Switch to renewable energy (solar energy not only guarantee constant electricity but reduces carbon footprint) 2) Drive less, use commercial or car pool to share carbon emissions 3) use cleaner energy for cooking. 4) buy thrift cloths, yes it ensures sustenance of virgin resources. 5) Plant trees, they are good natural carbon sinks 6) End open burning-reduce ghg emissions 7) use 3 R's to manage waste (circular economy) reduce, reuse or recycle. 8) Switch off lights when not in use. Please add yours..... #Let me know if you need training on, The Paris agreement, climate change, Nationally Determined Contribution of your country. Together let's deploy #CLIMATEACTIONS to save #MOTHEREARTH. #Environmentengineer #environmentor #ESG #sustainability

��𝗲𝘆𝗼𝗻𝗱 𝘁𝗵𝗲 𝗕𝗶𝗴 𝗧𝗵𝗿𝗲𝗲: 𝗚𝗿𝗲𝗲𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗣𝗼𝗹𝗶𝗰𝘆 𝗶𝗻 𝗠𝗶𝗱-𝘀𝗶𝘇𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 by Maurice Berns, Alex Dewar, Tim Figures, Keith Halliday, Edmond Rhys Jones, Rebecca Russell, Marc Schmidt; Boston Consulting Group (BCG)    To decarbonize the global #economy in line with a 1.5°C warming #target, the world must rapidly expand #cleanenergy #technology manufacturing. #COP28 promised to triple #renewableenergy by 2030 – but the International Energy Agency (IEA) has highlighted significant gaps in manufacturing capacity for #windpower, as well as #electrolyzers and #batteries. Governments are turning to “green industrial policy” to stimulate the #investment required to grow clean-tech #manufacturing capacity. Their #motivations vary, encompassing domestic #decarbonization, #exportpromotion, #energysecurity, and #industrialresilience. Economists have rightly questioned the efficiency of this approach compared to market-based #mecha­nisms, but the trend is set to continue. The ‘#BigThree’ major economies have led the way. #China pioneered green industrial #policy with massive #supply-side investments which – combined with #demand-side policies in third countries – translated into a commanding lead in key #valuechains. The Inflation Reduction Act (2022) in the #UnitedStates and the Green Deal Industrial Plan (2023) in the European Union were – in part – a response, including local content requirements. Other #governments are following suit, with dramatic #implications for global flows of #goods and #capital. Twelve of the fourteen mid-sized #markets that we assessed have ambitions to expand green industrial #capacity for one or more key green #technologies, but their policies remain under-development. Green #industrialpolicy is not limited to supply-side subsidies, despite serving as a key starting point. Permitting, liability #regimes, product #standards, public #procurement, market access and R&D are some of many measures with quantifiable im­pacts on business cases at the project level. For #investors, the spread of #green industrial policy creates real #opportunities and material #risks. Policy makes the market for many green technologies – often including some combina­tion of #environmental policy to create demand and Green Industrial Policy to stimulate supply. For example, the #EU has imposed #carbonpricing on #steel, an environmental policy, and provided #production subsidies for #greenhydrogen – a green industrial policy. Good green policy can be the foundation for value-creating investments and national champions. In this context, we believe that deeper engagement on global green industrial policies can deliver competitive advantage for businesses. We have identified three building blocks: 🔵 Detailed and comprehensive understanding of policy in key markets 🔵 Evidence-based view of the direction of travel in those markets  🔵 Engagement with policymakers on the policies required for investment

Despite all the green washing efforts, the harsh reality is that we are far from meeting our own promises and undertakings. It’s not about replacing every petrol car by an electric one, it’s about changing our way of life… Favouring long term general interests rather than short term minority ones. A very insightful read from The Lancet - link below👇 « The decoupling rates achieved in high-income countries are inadequate for meeting the climate and equity commitments of the Paris Agreement and cannot legitimately be considered green. If green is to be consistent with the Paris Agreement, then high-income countries have not achieved green growth, and are very unlikely to be able to achieve it in the future. To achieve Paris-compliant emission reductions, high-income countries will need to pursue post-growth demand-reduction strategies, reorienting the economy towards sufficiency, equity, and human wellbeing, while also accelerating technological change and efficiency improvements. »

🚀 Just launched: Our report as a part of the NEGEM research consortium on “Who should use negative emissions technologies and practices?” While Carbon Dioxide Removal (#CDR) is needed to counterbalance residual GHG emissions, we need to carefully manage our expectations surrounding the role CDR can play in achieving net-zero targets. In this report, our supply-demand analysis indicates that the availability of CDR from NETPs will be insufficient to fully counterbalance even one sector’s level of current emissions, despite rapid scale-up of available technologies. Dr Allanah Paul presented this report at an event this Saturday at #COP28 “Managing expectations for Carbon Dioxide Removal” that included a panel discussion with Dr Oliver Geden and Dr Kate Dooley, moderated by Mark Preston Aragonès. Dr Geden is the Head of the Research Cluster Climate Policy and Politics at Stiftung Wissenschaft und Politik (SWP) and WGIII Lead Author in IPCC AR6, and WGIII Vice-Chair in AR7. Dr Dooley is a Research Fellow at the University of Melbourne and is a Lead Author on two chapters on the Land Gap report published in 2022. Many parties are interested in deploying CDR and in using the resulting negative emissions with different underlying needs, capacities, and motivation. It is not yet clear how NETPs will be shared and who will decide on this allocation. Take-home messages:  🔹CDR supply will not meet demand. All sectors will need to pursue decarbonisation with maximum effort to minimize their emissions, independent of the rate of CDR scale-up.  🔹Allocation of scarce CDR capacity should align with principles of physical and social credibility. This will safeguard the climate benefit, planetary health, and societal prosperity.  🔹Use of CDR to counterbalance emissions must happen at the system level. Mechanisms which expect individual actors to counterbalance their own emissions have a significantly higher risk of deterring achievable emission reductions and outcomes which are not equitable. 🌍🌱📈✅  NEGEM Project #negem #carbonremovals #removals #cop28uae 

#MoEFCC’s #GlobalGreenCredit Initiative is a groundbreaking programme conceived as a powerful mechanism to incentivize voluntary pro-planet actions, offering an effective response to the pressing issue of climate change. At its core, the Global Green Credit Initiative envisions the issuance of Green Credits, not only for carbon reduction efforts but also for initiatives aimed at rejuvenating and revitalizing natural ecosystems. The Global Green Credit Initiative comprises three integral components: science, policy, and practice. It will leverage technology-based tools for registration, verification and monitoring of different activities. The four key benefits of this initiative include: 1. Global Leadership and Influence 2. Knowledge Sharing 3. Innovative Solutions 4. Collective Action This initiative is a significant stride towards a more #sustainable and environmentally conscious future. It is a call to action for all stakeholders to join hands and work towards a greener, healthier, and more prosperous world. For more information visit: https://ggci-world.in/ #GlobalGreenCreditInitiative #Sustainability #ClimateAction #CIIatCOP28 #CII4ClimateAction #CII4Sustainability Confederation of Indian Industry CII-ITC Centre of Excellence for Sustainable Development MoEF&CC Ministry of New and Renewable Energy (MNRE) International Solar Alliance Seema Arora Shikhar Jain Lakshmi I. Dr. Jasleen Bhatti Aditya Raghwa Diksha Gairola Amol Kapoor Kavya Singh Yadav Surender Rai Pravir Deshmukh

Is green growth happening? NOT AT ALL.. An empirical analysis of achieved versus Paris-compliant CO2–GDP decoupling in high-income countries Scientists have raised concerns about whether high-income countries, with their high per-capita CO2 emissions, can decarbonise fast enough to meet their obligations under the Paris Agreement if they continue to pursue aggregate economic growth. Over the past decade, some countries have reduced their CO2 emissions while increasing their gross domestic product (absolute decoupling). Politicians and media have hailed this as green growth. In this empirical study, we aimed to assess whether these achievements are consistent with the Paris Agreement, and whether Paris-compliant decoupling is within reach. Methods We developed and implemented a novel approach to assess whether decoupling achievements in highincome countries are consistent with the Paris climate and equity goals. We identified 11 high-income countries that achieved absolute decoupling between 2013 and 2019. We assessed the achieved consumption-based CO2 emission reductions and decoupling rates of these countries against Paris-compliant rates, defined here as rates consistent with national fair-shares of the remaining global carbon budgets for a 50% chance of limiting global warming to 1·5°C or 1·7°C (representing the lower [1·5°C] and upper [well below 2°C] bounds of the Paris target). Findings The emission reductions that high-income countries achieved through absolute decoupling fall far short of Paris-compliant rates. At the achieved rates, these countries would on average take more than 220 years to reduce their emissions by 95%, emitting 27 times their remaining 1·5°C fair-shares in the process. To meet their 1·5°C fair-shares alongside continued economic growth, decoupling rates would on average need to increase by a factor of TEN by 2025. https://lnkd.in/eMFugZZr

Attempting to define what is an equitable and just energy transition is quite challenging. This is what Julia Motte-Baumvol asked us in a great pannel during COP28 held by the Sorbonne University Abu Dhabi, together with Professor Nikita Sud, William Wills and Nathalia Ervedosa. A just energy transition means different things for different stakeholders. - For communities reliant on coal, it signifies the imperative to retrain workers and diversify economies, all while local governments grapple with diminishing tax revenues from both formal and informal coal-related activities; - In some developing economies, it could mean the right to responsibly explore oil and gas resources to foster socioeconomic development. Meanwhile, advanced economies – that grew based on fossil fuel energy – phase out fossil fuels sooner and finance the phase-out in emerging economies; - For governments, a just transition may entail averting the negative impact of escalating carbon pricing on fuel prices, preventing harm to lower-income communities, and steering clear of regressive policies that exacerbate inequality. Emerging and developing economies (EMDEs), excluding China, invested US$ 260 bn in clean energy in 2022. This needs to reach US$ 1.7 tn according to IEA’s net-zero scenario. Around half of the current clean energy investment in EMDEs is financed by public entities, compared with less than 20% in advanced economies. The needed scale-up in emerging economies will require a much greater role for the private sector, responding for around 60% of the growth in clean energy investments according to the IEA (https://lnkd.in/dDevv9Hw). In order to mobilize private finance on the scale and timeframe required, developing economies need to promote (i) a sound business environment, with strong institutions that will provide predictability for the private sector, (ii) upscale blended finance and concessional mechanisms that can help to de-risk projects, and (iii) develop strong regulations and ESG standards to guarantee that energy transition-related projects promote local socioenvironmental benefits to avoid NIMBY (“Not In My BackYard”) and BANANA (Build Absolutely Nothing Anywhere Near Anything). In a nutshell, a just and equitable energy transition, rather than exacerbating social inequality, should serve as a catalyst for its reduction. #justtransition #climatejustice #COP28 Catavento Consultoria womenvai ⚡️ 🌍 💚

📢 Ahead of this year's #COP28 #climatesummit in Dubai, we have published our new #openaccess study “A multi-model analysis of the EU’s path to net zero”, in Joule (Cell Press). 💡 Key insights: 1️⃣ In this research, we have used 5 whole-system climate-economy and 2 sectoral models that represent a wide range of economic theories, to explore how the #EU can cover the ground from the #Fitfor55 target in 2030 to an intermediate milestone in 2040, and onto #netzero in 2050. 2️⃣ Our results indicate that a 62% emissions reduction in the Emissions Trading System (#ETS) and 40% in the Effort Sharing Regulation (#ESR), compared with 2005 levels, are in line with cost-optimal paths toward the bloc’s 55% emissions cuts target by 2030. 3️⃣ However, to keep the goal of #NZE within grasp, the EU should start aiming for net zero in the EU-ETS sectors and over 50% emissions reductions in the ESR sectors by 2040. 📍Read the full article online here: https://lnkd.in/dnPDDCcz 📍 A brief is also available on this month’s #pressrelease: https://lnkd.in/dm_R_c4G 🔔 Insights emerging from this research will be discussed at COP28 in Dubai, in our panel discussion at the Greek Pavilion, on December 05, 2023, 15:00 – 16:00 GMT+4 (local time). Find more information on the event here: https://lnkd.in/dyVQvaQT #iamcompact  #cop28uae #climatechange #climatechangemitigation #sustainability #decarbonisation #energymodeling DSS Lab, EPU-NTUA | BC3 - Basque Centre for Climate Change | Bruegel | CICERO - Center for International Climate Research | KTH Royal Institute of Technology | E3-Modelling Energy-Economy-Environment | CARTIF | Imperial College London | University of Geneva | Universidad de Valladolid | TEESlab - Technoeconomics of Energy Systems laboratory | Technical University of Mombasa | Indian Institute of Management Ahmedabad | Politecnico di Milano | Aalto University | Aalborg University | Addis Ababa University | Kyiv School of Economics | Rajarata University of Sri Lanka | Tsinghua University | Wuppertal Institute for Climate, Environment and Energy | Center for Global Sustainability | CINEA - European Climate, Infrastructure and Environment Executive Agency | Andreas Palialexis

Net Zero isn't just about carbon emissions – it's a holistic endeavour that touches every aspect of business and leadership. Taking a holistic approach means acting now to ensure your business operates in a way that minimises its negative impact on the planet's climate. 🌏 But here's the fascinating part: Net Zero isn't a standalone concept. It intersects seamlessly with the Sustainable Development Goals (SDGs), creating a powerful framework for sustainable action. For example, transitioning to renewable energy sources (SDG 7 – Affordable and Clean Energy) not only reduces emissions but also promotes job creation and economic growth (SDG 8 – Decent Work and Economic Growth). 📈 ♻️ Similarly, sustainable agricultural practices, a vital aspect of the Net Zero journey, align with SDG 2 (Zero Hunger) and SDG 15 (Life on Land). By embracing Net Zero strategies, businesses can contribute significantly to multiple (if not all) SDGs, amplifying their positive impact on the world. 🌏 I'd love to hear your thoughts on this interconnected approach. How is your business integrating Net Zero principles with the Sustainable Development Goals? 💬 #NetZero #SustainableDevelopmentGoals #BusinessLeadership #ClimateAction #SDG #MosaicInternational