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This blog contains articles and commentary on Climate Change / Global Warming. These changes will have an affect on the entire planet and all of us who reside therein. Life as we know it will change drastically. There is also the view that there is a high likelihood of climate change being a precursor of conflits triggered by resource shortges.
Monday, July 18, 2016
Reconstructing Arctic History
Sunday, July 17, 2016
Cuba's Second Special Period - 2016
Batista and his rival Ernesto "Che" Guevara |
Friday, July 15, 2016
A new era of conflict
Thursday, July 7, 2016
Sustainable Energy Finance Update: World Bank and India Team Up on Solar, US$1 Billion Pledged for Sustainable Energy in Pacific
1 July 2016: The New Energy Outlook 2016, a long-term forecast published in June by Bloomberg New Energy Finance
(BNEF), predicts that coal and gas prices will remain lower than expected. However, with wind and solar costs anticipated to dip relatively lower, the Outlook assures that a fundamental transformation toward renewables is still in the works, with US$7.8 trillion in clean energy investments projected from 2016-2040.
With much of this investment being channeled through international finance institutions such as the multilateral development banks (MDBs), these institutions are significantly contributing to Sustainable Development Goal (SDG) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all) and, consequently, SDG 13 (Take urgent action to combat climate change and its impacts), as well as the objectives of the Paris Agreement on climate change, which was adopted in December 2015.
Nonetheless, according to BNEF, it will require trillions more to rein in emissions enough to stay within the Paris Agreement's 2°C limit. This month's Sustainable Energy Finance Update provides a snapshot of the types and extent of emissions-reducing renewable energy projects receiving international public support, as well as those projects aimed at “turning the light on” for those lacking electricity access. [BNEF Press Release] [New Energy Outlook 2016]
Diverse Renewable Energy Technologies Supported Worldwide
A good mix of renewable energy technologies – biomass, hydropower, geothermal, solar, wind, etc. – can both increase the reliability of the power system and decrease risk in an investment portfolio. Much of the finance news this month mixed technologies this way, with many announcements combining support for two or more renewable technologies. In addition, even where investments focused on one specific project type, there were a wide variety of technologies surfacing to the headlines.
A seven-year tranche of a US$130 million loan from the World Bank's International Finance Corporation (IFC) to Banco Galicia, for example, is aimed at financing various sustainable energy projects in Argentina. The projects, ranging from solar, wind, biomass and geothermal to energy and water efficiency projects, will take advantage of Argentina's unique wind and solar resources, grid structure and current energy sector reform process. [IFC Press Release]
During the Pacific Energy Conference hosted by the Government of New Zealand and the EU on 7 June, US$1 billion was committed for sustainable energy projects in the Pacific, representing the potential for every type of renewable energy project imaginable to receive support. Those making pledges included the Asian Development Bank (ADB), Australia, the EU, Japan, New Zealand, the United Arab Emirates (UAE) and the World Bank. [Government of New Zealand Press Release] [Pacific Energy Conference 2016 Website]
Cambodia's investment plan under the World Bank's Climate Investment Funds (CIF) Scaling Up Renewable Energy in Low-Income Countries Program (SREP) was endorsed on 17 June at the CIF governing bodies' meetings. The approved US$30 million is anticipated to leverage US$135 million from other sources, while supporting both solar and biomass energy development, including solar home systems, rooftop solar, mini-grids, utility-scale solar plants and a biomass power project. [CIF Press Release]
IFC is taking its first equity stake in Viet Nam's power sector, investing in a 16% share in Gia Lai Electricity Joint Stock Company to help it expand its hydropower portfolio, as well as invest in wind and solar. With 84.4 megawatts (MW) of installed capacity in small-scale run-of-the-river systems, the company is one of the largest private hydropower developers in Viet Nam. [IFC Press Release]
IFC is also becoming a shareholder of Akfen Energy in Turkey, with a 16.7% stake that will help the company almost triple its renewable energy production. Its current portfolio consists of solar and hydropower operations, and the company is expanding into wind. [IFC Press Release]
Solar
With India planning to reach 100 gigawatts (GW) of installed solar capacity by 2022, the World Bank announced it is planning to support the country's efforts with US$1 billion in lending over the course of fiscal year 2017. India is also leading the International Solar Alliance (ISA) of 121 countries, which aims to mobilize US$1 trillion in investments by 2030. The World Bank signed an agreement with ISA in June, under which it will develop a roadmap for mobilizing financing and developing financial instruments for solar. [World Bank Feature Story] [World Bank Press Release]
The Inter-American Investment Corporation (IIC) of the Inter-American Development Bank (IDB), has mobilized financing of US$44.7 million for Los Loros solar photovoltaic (PV) plant in Chile, which will have a total capacity of 54 MW and sell its electricity to the spot market of Chile's Central Interconnected System. The French Development Agency is also lending US$19.7 million to the project. [IDB Press Release]
IIC has also announced the financing for El Salvador's first-ever utility scale solar PV plant, to total 100 MW when finished. Loans from IIC come to US$87.7 million, while additional lending of US$30 million will be provided by the French Development Agency. [IDB Press Release]
A solar auction run by Zambia's Industrial Development Corporation, with assistance from IFC as part of the World Bank's Scaling Solar programme, attracted the lowest solar power tariffs seen in Africa to date. The winning bidders submitted proposals at 6.02¢/kilowatt-hour (kWh) (Neoen S.A.S. and First Solar Inc.) and 7.84¢/kWh (Enel S.A). Over the next year, Neoen and First Solar will build a 45 MW plant and Enel will build a 28 MW plant, which will reduce stress on Zambia's hydropower facilities after two years of drought greatly reduced water levels. [IFC Press Release] More
Tuesday, July 5, 2016
Adaptation and Loss and Damage Update: Regions Step up DRR Efforts and Resilience to El NiƱo, Human Mobility, Climate Change and Development Nexus Explored
30 June 2016: As May 2016 became the 13th consecutive month to break the global temperature records, the world's regions' need to adapt to the changing climate grew stronger.
In 2015-2016, the periodic warming of the central to Eastern tropical Pacific, known as 'El Niño,' was the strongest since 1997-1998, causing some regions to receive more rain, and others to receive no precipitation. These changes impacted agriculture, food security and nutrition among the affected populations. During the past few weeks, the world's regions, States and sectors have redoubled adaptation efforts, focusing on building resilience and managing disaster risks. The news reported in this Update also demonstrate that the role of cooperation, innovation and knowledge dissemination in advancing climate change adaptation efforts cannot be underestimated.
With health, gender, indigenous knowledge and climate migration featuring prominently among the recent weeks' adaptation and loss and damage-related developments, the initiatives reported in this update contribute to a number of Sustainable Development Goals (SDGs) and accompanying targets, including 13 (Take urgent action to combat climate change and its impacts), 3 (Ensure healthy lives and promote well-being for all at all ages), 5 (Achieve gender equality and empower all women and girls), 2 (End hunger, achieve food security and improved nutrition and promote sustainable agriculture), 11 (Make cities and human settlements inclusive, safe, resilient and sustainable) and target 10.7 on migration and mobility, including the implementation of planned and well-managed migration policies.
Regions Face El Niño Impacts, Droughts, Floods
The statement released by the 43rd Greater Horn of Africa Climate Outlook Forum (GHACOF 43), convened by the Intergovernmental Authority on Development (IGAD) Climate Prediction and Applications Centre (ICPAC) in Naivasha, Kenya, from 30-31 May 2016, indicates that there is an increased likelihood of La Niña – El Niño's counterpart associated with cooler than average sea surface temperatures in the central and Eastern tropical Pacific Ocean – developing in the second half of 2016 that will affect the Greater Horn of Africa (GHA) region. Floods are also more likely during the rainfall peak months of August and September in Ethiopia, South Sudan and Sudan. [Statement from GHACOF 43] [IGAD Press Release] [WMO Press Release on GHA]
To better understand risks and assess impacts from the 2015-2016 El Niño, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) and the UN Development Programme (UNDP) conducted a 'Regional Consultative Workshop on El Niño in Asia-Pacific' in Bangkok, Thailand, from 7-9 June 2016. Participants from over 12 countries affected by El Niño received training on a standardized methodology to interpret, translate and communicate El Niño-associated risks in a timely manner. [Workshop Concept Note] [Workshop Programme] [ESCAP Workshop Webpage] [ESCAP Press Release]
The Food and Agriculture Organization of the UN (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) convened a high-level meeting in Rome, Italy, on 30 June 2016, which highlighted the need for long-term action to address El Niño impacts in Central America's 'Dry Corridor,' including by building resilience for food security and nutrition for the most vulnerable populations in the countries affected by the phenomenon.
'Dry Corridor' refers to a group of ecosystems in the dry tropical forests region in Central America extending from the lowlands of the Pacific coastal area to most of central pre-mountain region of El Salvador, Guatemala, Honduras, Nicaragua, and parts of Costa Rica and Panama. Subject to climate risks such as recurrent droughts, excessive rains and severe flooding, 'Dry Corridor' recently experienced one of the worst droughts in decades.
In the midst of the extreme drought affecting Dry Corridor, the Panama Canal Authority (ACP) managing the recently expanded Panama Canal has been promoting climate change adaptation and disaster risk reduction (DRR) through sustainable use of water. [UN Press Release] [FAO Calendar] [UNISDR Press Release] [Panama Canal Website]
Also in relation to droughts in Central America, FAO released a report titled 'Drought characteristics and management in the Caribbean,' which calls for countries in the region to enhance their capabilities to deal with more frequent and intense droughts brought about by climate change. The report discusses drought characteristics and management in the Caribbean, identifies national and regional agencies involved in drought management, and reviews information on their work at national and regional levels. It recognizes the vulnerability of the agricultural sector to seasonal droughts and outlines the socioeconomic impacts of droughts on water resources, fisheries, tourism, hydropower and communities' coping capacity. [Drought Characteristics and Management in the Caribbean] [FAO Press Release] [UN Press Release]
Climate change impacts on the poor in coastal Bangladesh were the focus of a World Bank Policy Research Talk by Susmita Dasgupta, Lead Environmental Economist, World Bank. Dasgupta highlighted heightened cyclonic inundation, rising river salinity and increased soil salinity among the current and growing risks with severe consequences for the poor. “Climate change is going to create severe poverty traps,” she noted. “Unless we address the climate change problem now, sustainable poverty reduction will remain a dream.” [World Bank Feature Story] More
Friday, July 1, 2016
Canada, US, Mexico Forge North American Climate, Clean Energy and Environment Partnership
29 June 2016: The leaders of Canada, the US and Mexico have released a joint statement on a 'North American Climate, Clean
Energy and Environment Partnership,' which aims to ensure a “competitive, low-carbon and sustainable” North America and includes the goal of achieving 50% clean power generation by 2025. During the North American Leaders' Summit, Canadian Prime Minister Justin Trudeau, US President Barack Obama and Mexican President Enrique Peña Nieto agreed to align climate and energy policies in order to protect human health and help "level the playing field for our businesses, households, and workers."
On advancing clean and secure power, the leaders indicate in their joint statement that the 50% clean power generation by 2025 goal will be achieved through, inter alia: scaling up clean energy through aggressive domestic initiatives and policies; undertaking a joint study on the opportunities and impacts of adding more renewables to the power grid; enhancing trilateral collaboration on greening government initiatives; strengthening and aligning efficiency standards; and building on North American leadership in international fora such as Mission Innovation to accelerate clean energy innovation.
On short-lived climate pollutants (SLCPs), Mexico will join Canada and the US in committing to reduce methane emissions from the oil and gas sector by 40-45% by 2025. The three countries will also collaborate to reduce black carbon emissions, promote alternatives to hydrofluorocarbons (HFCs), and commit to adopt a Montreal Protocol HFC phase-down amendment in 2016.
On promoting clean and efficient transportation, the joint statement indicates that the leaders commit to, inter alia: accelerate clean vehicle deployment in government fleets; work with industry to encourage the adoption of clean vehicles; convene industry leaders and others by spring 2017 to collaborate on a clean North American automotive sector; reduce greenhouse gas (GHG) emissions from light- and heavy-duty vehicles; and encourage greener freight transportation by expanding the SmartWay programme to Mexico.
The leaders further: urge the adoption in 2016 of the market-based measure proposed through the International Civil Aviation Organization (ICAO) to allow for carbon-neutral growth from international civil aviation from 2020; commit to reduce emissions from maritime shipping; indicate they will continue working towards implementing a North American Emission Control Area that includes Mexico; agree to collaborate with indigenous communities to incorporate traditional knowledge in decision making; and recognize a gender-responsive approach to climate action and sustainable development.
The leaders commit to: join the Paris Agreement in 2016; support implementation of the Paris Agreement's transparency and carbon markets-related provisions; phase out inefficient fossil fuel subsidies by 2025; promote universal energy access; work together to address energy security and integration, clean energy investment, and regional energy cooperation in the Caribbean and Central America; and align approaches to account for the social cost of carbon and other GHG emissions when assessing benefits of emissions-reducing policies.
The three leaders met in Ottawa, Canada, on 29 June 2016. [US Government Statement] [US Government Blog on Summit] [Government of Canada Statement] [Government of Canada Press Release] More