Despite progress, COP27 is yet another failure
This year’s UNFCC climate talks achieved little compared to what is needed. But some progress actually took place
This year’s UNFCC climate talks achieved little compared to what is needed. But some progress actually took place
This week might be remembered as one of the turning points in the fight against climate change as good news came from Canada, India and the European Union. The Paris Agreement will indeed come into force by the end of the year.
Last week the Brazilian Senate ratified the Paris Agreement, making it one step closer to make this major climate change mitigation effort a reality. Brazil is the sixth world biggest carbon emitter and the biggest to ratify to date.
According to two recent studies, 2015 was yet another record year for renewable energy sources as no less than $285.9 billion (256 billion euros) have been invested in that sector last year.
The drought that is affecting Brazil so much is also undermining Uruguay and its large dependance on hydro energy ( 74 percent of local electricity ). The current alternative to hydro is oil. So the country will invest $2.6 billion ( 2.3 billion euros ) in wind energy in the next couple of years.
And these are huge steps in the right direction for both renewable energy and afforestation. This bode well for the upcoming IPCC climate talks that will take place late this year in Paris.
Last year I was reporting that we were 6.5 million people working in the Renewable Energy Industries. If I have – temporarily – left it, many more have joined as now this figure reaches 7.7 million people.
In the land of carnavals, I had read that some festivities had been cancelled because of the lack of water, so I knew something was wrong in Brazil. In fact, it is the worst drought in 84 years !
According to Bloomberg New Energy Finance global investments in clean energy such as wind and solar bounced back in 2014 with an increase of 16 percent over 2013. They reached $310 billion (260 billion euros).
Pope Francis, the head of the Catholic Church, is due to call over a billion Catholics to act on climate. Ahead of the Paris Climate talks later this year, this is a big move that may even more tilt the balance on action.