EU agrees 100billion euros a year required to reverse climate change

30 10 2009

According to the Green bloc within the European parliament, the failure of the EU to commit to a fixed annual contribution for developing nations is a ‘calamitous result for climate change.’  I disagree. The EU is setting a precedent for others to follow. If the US can be persuaded to pledge a significant percentage of the proposed 100 billion euros over the coming weeks, the EU may then commit to a fixed rate contrbution. Dialogue is key.

Psychology, denial and eco-colonialism

26 10 2009

Three interesting articles this week from the Guardian, The Spectator and New Scientist:

Without a deeper insight into people’s behaviour and motivations, a low-carbon world will remain out of reach, writes Adam Corner.

Renewal of climate change skepticism, by Marc Morano

Can Europe run on the Saharan sun? asks Fred Pearce.

Prelude to Copenhagen: the invisible hand or regulation?

18 10 2009

The UK energy markets, regarded not so long ago as exemplifying the best of the Anglo-saxon model of capitalism, are undergoing transformation. The Committee on Climate Change (CCC), which is chaired by Lord Turner, has published a report calling for tighter regulation. The message could not be clearer: the invisible hand of the market is failing to deliver environmental reform. The CCC has claimed that so long as the market is left to its own devices, reform will be slow and targets missed. It recommends introducing compulsory emissions caps for cars, feed-in tariffs to assist producers of green power and carbon prices to be set by government at a minimum level in order to encourage ‘clean’ power practices.

Source: The Economist

According to journalist Elisabeth Rosenthal, the biggest obstacle to achieving a new global climate deal in the coming months may be how to pay for it. She cites the fact that up to $1 trillion will be needed to assist developing countries like India and Brazil ‘green’ their industrial infrastructure, as well as significant funds to protect the poorest nations from drought, rising sea-levels and natural disaster. Surely, what we can least afford at this time is inaction.

The impact on the wider economy of passing a US climate bill (which is pending in Congress) is also the subject of some consideration in a WBCSD article. Interestingly, the bipartisan Congressional Budget Office has concluded that such a bill would have a minimal impact on the standard of living for Americans.