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  • WORLD CARBON EMISSIONS STALL IN 2014 AFTER ALMOST 40 YEARS OF INCREASE

    Global carbon emissions in the energy sector stalled in 2014, following a slowdown in China’s economic growth.

    According to new data released on Friday, March 13 by the International Energy Agency (IEA), emissions of carbon dioxide in the energy sector were flat in 2014, compared with the previous year. Previous pauses or falls in the quantity of global emissions were related to economic shocks, and 2014’s stall could be linked to the fact that China burnt less coal than expected last year.

    It is not yet possible to draw any conclusions from the figures regarding the reason of the pause, or to say whether this pause is likely to continue. In fact, the IEA noticed a global carbon dioxide output of 32.2bn tonnes in 2014 – unchanged from the previous year – and a global GDP rise by 3%, but the data are still preliminary and will have to be re-examined and confirmed in June.

    The UN Paris climate summit that will be held in December will represent an opportunity to reach an agreement on climate change, and by the end of March the governments of developed and developing countries’ major economies are expected to come up with proposals to limit their carbon emissions. On November 2014, the US and China announced their joint commitments under the UN process, and China has pledged that its emissions will peak by 2030; new data from the IEA, set to be published in June, will give an indication of whether China’s emissions could be expected to peak sooner than the 2030 deadline.

    The UK energy and climate secretary Ed Davey stated that the data show that green growth is achievable all over the world, but also highlighted the importance of a new global climate deal in order to keep cutting emissions.

     

    The gLAWcal Team

    EPSEI project

    Monday, 16 March 2015

    (Source: Guardian)

  • GREEN CLIMATE FUND BELIES AUSTRALIA’S CLAIMS ON CONTRIBUTION SPENDING

    The Green Climate Fund has confirmed Australia can’t decide how its contribution will be spent, thus contradicting the Australian government’s statements.

    At the end of 2014, when the Abbott government announced its decision to reverse its previous refusal to give money to the Green Climate Fund, it stated that the funding would have been invested in practical projects, and that it would have been provided only on the condition that Australia could set the terms of its involvement, investing the money in the support for the Asia Pacific, in the protection of rainforests and in combating illegal logging.

    However, the Green Climate Fund’s executive director Héla Cheikhrouhou declared that Australia will not be allowed to determine where its $200m contribution to the fund will be spent, and that resolutions about the paying out of the $10bn already promised will be made by the board following a clear set of guidelines and priorities.

    This means that individual contributors will not be able to determine where their money will be spent, even though they will be able to monitor exactly how the fund, as a whole, will perform in their areas of interest. Even so, it doesn’t look like many disputes will arise from this statement, as many of the priorities determined by the fund’s board match with the Australian government’s desired areas of expenditure.

    The fund is considered to be essential for the success of the Paris climate summit in December, due to the fact that it could work as an important mechanism to gain trust and win support for a new agreement from developing countries.

    Cheikhrouhou expects the fund to begin approving projects by later this year, and said that contributing countries would begin signing a template agreement in April.

     

    The gLAWcal Team

    EPSEI project

    Friday, 13 March 2015

    (Source: Guardian)