Guardian: “Weary delegates trudging home from an exhausting and sleep-deprived fortnight of climate change talks in Warsaw may be unwilling to acknowledge it, but the hard work is just beginning.” Read more
Guardian: “Devastating extreme weather including recent flooding in England,Australia‘s hottest year on record and the US being hit by a polar vortex have a “silver lining” of boosting climate change to the highest level of politics and reminding politicians that climate change is not a partisan issue, according to the UN’s climate chief.”
Jeremy Leggett in Fortune magazine: “Many who worry about climate change have long been puzzled by the hundreds of billions of dollars that coal, oil, and gas companies routinely spend on developing their reserves, and finding and developing new reserves. These investments seem unstoppable, despite countless warnings that carbon emissions damage the global environment and economy.”
Guardian: Jeremy Leggett interviewed by Jo Confino in a series of audio reports summarising the Climate Day at the World Economic Forum.
Climate Bonds; “The United Nations Foundation and the Ceres Investor Network on Climate Risk ….held an Investor Summit at the United Nations in New York. Climate Bonds and Green Bonds were top of the agenda. One of the speakers was the UN’s top climate change official, Christiana Figueres, and she was very direct. See her press conference here (Christiana is at the 15 minute point).”
RTCC.com: “A draft text for a global climate change treaty set to be agreed in 2015 will be presented to governments as early as November this year, according to the UN official in charge of negotiations.” Read more
RTCC: “Governments have set the wrong target to limit climate change. The goal at present – to limit global warming to a maximum of 2°C higher than the average for most of human history – “would have consequences that can be described as disastrous”, say 18 scientists in a review paper in the journal PLOS One.” Read more
Guardian: “The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests.” Read more
Guardian: “In terms of the business of this COP, much of it will be “housekeeping” – clearing the decks on various technicalities so that work can begin soon after on the draft text. But the Warsaw meeting has already provided more drama than was bargained for.” Read more
Guardian: “The landmark new report from the Intergovernmental Panel on Climate Change (IPCC) is crystal clear: human action is warming the planet and we’re heading for big trouble if carbon emissions are not slashed.” Read more
Duncan Clark in the Guardian: “We have far more oil, coal and gas than we can safely burn. For all the millions of words written about climate change, the challenge really comes down to this: fuel is enormously useful, massively valuable and hugely important geopolitically, but tackling global warming means leaving most of it in the ground – by choice.” Read more
Guardian: “The US is claiming credit for “enormous” efforts on climate change – delivered in part by the carbon reductions from its investments in the controversial practice of “fracking” for shale gas. The claim came as nearly 200 governments gathered in Doha, Qatar, for two weeks of talks aimed at forging an agreement on the climate. Governments have until 2015 to draw up a binding treaty, the first since the 1997 Kyoto protocol, to cut greenhouse gas emissions and avoid dangerous global warming.” Read more
SMH: “The next United Nations climate report will ”scare the wits out of everyone” and should provide the impetus needed for the world to finally sign an agreement to tackle global warming, the former head of the UN negotiations said.” Read more
Myles Allen of Oxford with an interesting perspective: “The presumption in climate change negotiations is that “countries with historically high emissions” would be first in line to foot the bill for loss and damage. There may be some logic to this, but if you are an African (or Texan) farmer hit by greenhouse-exacerbated drought, is the European or American taxpayer necessarily the right place to look for compensation? As any good lawyer knows, there is no point in suing a man with empty pockets. The only institution in the world that could deal with the cost of climate change without missing a beat is the fossil fuel industry: BP took a $30bn charge for Deepwater Horizon, very possibly more than the total cost of climate change damages last year, and was back in profit within months. Of the $5 trillion per year we currently spend on fossil energy, a small fraction would take care of all the loss and damage attributable to climate change for the foreseeable future several times over.”
Just a day after signing the Durban accord, Canada commits an act that is condemned at home and abroad. China calls it “preposterous.”
Two weeks of tense global climate talks end in Bonn nowhere near agreement in the three key areas of finance, greenhouse gas emission cuts and the future of the Kyoto protocol. The economic crisis in Europe and elsewhere is making it harder to make progress, the secretariat maintains.
Major nations including Japan, Canada and Russia have refused to be part of it in the second commitment beyond 2012. Climate Progress reports that this and other disagreements threaten the protocol’ continuance.