IPCC AR5 WG3 (2014) had a figure showing the impact on mitigation costs of various technology restrictions (eg, no CCS).
It also compared lower energy demand (20–30% below baseline by 2050 & 35–45 % by 2100), first set of bars.
This 𝑟𝑒𝑑𝑢𝑐𝑒𝑑 mitigation costs by half.
1/
The 'low energy demand' analysis enforced a reduction on demand, but did not evaluate the costs (ie, mitigation costs of reduced demand are assumed zero).
There are limits with cost analysis, as we all know, but the authors of LED are very clear that they are presenting a one-sided story.
We know that low energy demand reduces costs on the supply side (obviously), but we know little about how much demand reductions cost.
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This is the same in the other article I mentioned, though, note that the paper has a much longer discussion on the challenges with cost-optimal solutions in trading off supply-side and demand-side measures (read the paper for details). nature.com/articles/s4155…
5/
I guess the standing assumption is that the cost of demand reductions will be low (just don't drive the car), though this may make rebounds higher (more money available)?
IAMs, at the moment, don't seem good at endogenising demand side reductions.
6/
We can't deny there are also feasibility concerns with low energy demand scenarios as well.
Lower energy demand is obviously good, but that does not mean implementing it widespread is easy or that it is effective as in a model (rebounds hard to model).
7/
Back to the IPCC figure.
LED is often sold as not requiring CCS (or BECCS).
LED is essentially trading off low energy demand (reduced cost) & no CCS (higher cost). In this figure, they would roughly cancel (0.5*2=1), noting costs of demand reduction not included.
8/
LED is a great scenario with a really detailed analysis of the demand side (hats off).
The choice to avoid CCS was to make a point (& probably stir) the IAM community with their scenarios dominated by large-scale CCS (& BECCS).
9/
This long thread is to make the point that we should praise the work on LED for energy demand analysis & setting a new standard.
The CCS, BECCS, & CDR issue is different & was an unnecessary restriction to apply in LED. We don't have to have either / or.
10/10
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The analysis covers all major emitters
* China the only major nation with grow (+0.5%), with end-of-year monthly emissions exciting 2019 levels
* USA: Down 9.4%
* EU27+UK: Down 7.5%
* India: Down 8.1%
The COVID declines build on top of preexisting trends.
2/
Transport was the major driver of change:
* Ground transport was 37% of the decline
* International transport was 28%, despite representing 2-3% of global emissions
The power sector was 18% of the decline, but monthly emissions are already back to 2019 levels (globally).
3. Comparing 2011-2015 with 2016-2019 (global stocktake), CO₂ emissions have
* Declined in 64 countries: -0.16GtCO₂/yr
* Increased in the remainder: 0.37GtCO₂/yr
* Net increase: 0.21GtCO₂/yr
But emission reductions need to ramp up to 1-2GtCO₂/yr 𝐞𝐯𝐞𝐫𝐲 𝐲𝐞𝐚𝐫...
1. The @IEA is out with estimates of fossil energy CO₂ emissions for 2020:
* Primary energy down ~4%
* CO₂ emissions down 5.9% or 2GtCO₂
* Coal down 4%
* Oil down 8.6%
2. Our latest estimate (from yesterday) is 4.9% down. The main difference is in oil. Our method may not have picked up the drop in international bunkers. Time will tell...
"The reason we’re net zero is that we have this enormous renewables business ... all the avoided emissions that come with that" compensate for emissions in other investments.
Houston, we have a problem... This from climate finance champion Carney.
2. "Most large asset managers have a renewable energy fund. Simply having one does not make you net zero. ... Such commitments are not credible & represent greenwashing" @bencaldecott
3. "It’s virtually impossible for a company to be a net-zero company now" @FarsanAlexander
"It won’t matter how many solar panels one installs if we don’t reduce actual CO₂ emissions." @UlfErlandsson
2. There are a range of scenarios spanning the high-end (>5°C in 2100) to the low-end (<1.5°C in 2100). This shows the Shared Socioeconomic Pathways (one of many scenario intercomparisons).
Out of these scenarios, which ones should be used for analysis?