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Quotes and Sources

Climate Change

  1. As Carbon Dioxide levels and temperatures are roughly linear (at current levels), the limit on global warming imposed by The Paris Agreement (2 degrees above pre-industrial times) equates to 450 Parts of CO2 Per Million Parts of Air. This is well above the highest recommended level of 350 Parts per Million (PPM). We are at 403 PPM now and increasing at 3 PPM per annum. Source: NASA: http://climate.nasa.gov/
  2. The Paris Agreement is a global agreement to keep average global temperatures within 2 degrees of pre-industrial times. We are currently 1.06 degree above 1880 which is the base year of “pre-Industrial times”. http://climate.nasa.gov/vital-signs/global-temperature/
  3. “Global carbon dioxide levels break 400 PPM milestone” “Concentrations of CO2 greenhouse gas in the atmosphere reached record global average in March, figures show, in a stark signal ahead of Paris climate talks. Extreme weather already on increase due to climate change, study finds” https://www.theguardian.com/environment/2015/may/06/global-carbon-dioxide-levels-break-400ppm-milestone
  4. “But even delaying the actions needed to meet the 2°C objective raises the risks humankind faces from climate change. The longer emission reductions are postponed, the more difficult and expensive it becomes to stay below the 2°C target and ensure future sustainable development.” United Nations Climateaction2020: http://climateaction2020.unfccc.int/spm/chapter-i/

The Paris Agreement is a global agreement to keep average global temperatures within 2 degrees of pre-industrial times. We are currently 1.06 degree above 1880 which is the base year of “pre-Industrial times”. http://climate.nasa.gov/vital-signs/global-temperature/

As Carbon Dioxide levels and temperatures are roughly linear (at current levels), this equates to 450 Parts of CO2 Per Million Parts of Air. This is well above the highest recommended level of 350 Parts per Million (PPM). We are at 403 PPM now and increasing at 3 PPM per annum. Source: NASA: http://climate.nasa.gov/

In order to achieve the environmental objectives of The Paris Agreement whilst still attaining high levels of global GDP growth, and as the developing world industrialises, a much higher percentage of renewable energy needs to be used to generate the power we require. The IEA estimates the world energy demand will grow 70% by 2040. International Energy Agency, World Energy Outlook 2015 Fact Sheet, Third Paragraph: http://www.worldenergyoutlook.org/media/weowebsite/2015/WEO2015_Factsheets.pdf.

The IEA estimates to achieve the objectives of the Paris agreement, global investment in renewables needs to increase by $36 trillion above the base case scenario between 2016 and 2050. Based on an immediate increase in investment, breakeven should be achieved by at 2025, and by 2050, $100 Trillion will have been saved in fossil fuel input costs. Source: International Energy Agency: http://www.iea.org/Textbase/npsum/ETP2012SUM.pdf

Sir Nicholas Stern, estimates that not combatting climate change, will lead to losses in global GDP of between 5 and 20% based on a number of factors the most significant of which are breakdowns in supply chains and loss of land mass and housing. Summary and Link to Actual Report:   https://en.wikipedia.org/wiki/Stern_Review.

Renewable Energy

  1. “An authoritative and detailed analysis of global investment in renewable energy is pub­lished today, revealing record global investment ($285.9bn in 2015, up 5%), record capacity installed (134GW, up from 106GW in 2014) and – perhaps most strikingly – for the relative importance of developing countries.” BNEF: http://about.bnef.com/press-releases/global-trends-in-renewable-energy-investment-2016/
  2. “Developing nations’ policies push renew­able energy capacity to record high, says UN-backed report” The United Nations: http://www.un.org/apps/news/story.asp?NewsID=47952#. Vw4M9DArJhE
  3. “Developing countries begin to take lead in green energy growth” The Financial Times: http://www.ft.com/cms/s/0/4832b922-5de8-11e4-897f-00144feabdc0.html#axzz45hDL1ntr
  4. “Mexico announces ambitious emission reduction target in lead up to Paris” NRDC: http://www.nrdc.org/experts/carolina-herrera/mexico-announces-ambitious-emission-reduction-target-lead-paris
  5. “Chinese Firms Buy $68B in Foreign Assets — Already Half of 2015 Total” WSJ: http://blogs.wsj.com/chinarealtime/2016/02/04/chinese-firms-buy-68b-in-foreign-assets-already-half-of-2015-total/
  6. “But even delaying the actions needed to meet the 2°C objective raises the risks humankind faces from climate change. The longer emission reductions are postponed, the more difficult and expensive it becomes to stay below the 2°C target and ensure future sustainable development.” United Nations Climateaction2020: http://climateaction2020.unfccc.int/spm/chapter-i/
  7. “The renewable energy sector has reached a critical inflection point where costs are competitive with fossil fuels and investment is ramping up in a big way” The Wilson Center https://www.wilsoncenter.org/event/charging-ahead-scaling-renewable-energy-the-developing-world
  8. “Clean energy defies fossil fuel price crash to attract record $329bn global investment in 2015” NRDC: http://about.bnef.com/press-releases/clean-energy-defies-fossil-fuel-price-crash-to-attract-record-329bn-global-investment-in-2015/
  9. “Renewable Energy Investments: Major Milestones Reached, New World Record Set: World record total of $286 billion invested in renewables last year; makes $2.3 trillion over 12 years.” United Nations Environmental Program, Global Trends in Renewable Energy Investment: http://fs-unep-centre.org/sites/default/files/attachments/press_release_gtr_2016_in_english.pdf
  10. “Were it not for renewables excluding large hydro, annual global CO2 emissions would have been an estimated 1.5 gigatonnes higher in 2015.” United Nations Environmental Program, Global Trends in Renewable Energy Investment: http://fs-unep-centre.org/sites/default/files/attachments/press_release_gtr_2016_in_english.pdf
  11. “The International Energy Association (IEA) estimates an additional $36 trillion in clean energy investment is needed through to 2050—or an average of $1 trillion more per year compared to a “business as usual” scenario over the next 36 years..” International Energy Agency (IEA), Energy Technology Perspectives 2012: Pathways to a Clean Energy System, (Paris: OECD/IEA, 2012), 1,: http://www.iea.org/Textbase/npsum/ETP2012SUM.pdf
  12. “Latin America Solar Is Booming, But Mexico Solar May Shine Brightest” Clean Technica: http://cleantechnica.com/2015/11/27/latin-america-solar-booming-mexico-solar-may-shine-brightest/
  13. “Solar Power Thrives In Chile, No Subsidies Needed” Forbes: http://www.forbes.com/sites/williampentland/2015/11/07/solar-power-thrives-in-chile-no-subsidies-needed/#2556d3a443ea
  14. “The shift in investment towards developing countries and away from developed economies may be attributed to several factors: China’s dash for wind and solar, fast-rising electricity de­mand in emerging countries, the reduced cost of choosing renewables to meet that demand, sluggish economic growth in the developed world and cutbacks in subsidy support in Europe.” United Nations Environmental Program, Global Trends in Renewable Energy Investment: http://fs-unep-centre.org/sites/default/files/attachments/press_release_gtr_2016_in_english.pdf