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).

This is the same as in newer studies
* LED: nature.com/articles/s4156…
* Alternative pathways: nature.com/articles/s4155…

2/
The (infamous) 'Low Energy Demand' scenario essentially combines two components, 'low energy demand' & 'no CCS'.

It also does really detailed analysis on the demand side, not just an arbitrary reduction (which is good).

nature.com/articles/s4156…

3/
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.

4/
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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More from @Peters_Glen

13 Mar
A new estimate of fossil CO₂ emissions in 2020 from @Carbon_Monitor, showing a decline in the full year of 5.4% (1900MtCO₂).

The dip was largest in the first COVID19 wave in ~April, but at the end of 2020, monthly emissions were similar to 2019.

1/

arxiv.org/abs/2103.02526
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/
Read 5 tweets
4 Mar
THREAD: Is this time different?

Over 10 years ago we had the Global Financial Crisis (GFC), we discussed recovery funds & rebounds at length.

But 10 years later, the context is different. Pre-COVID growth in global CO₂ emissions was slowing…

nature.com/articles/s4155…
2. The GFC came after 10 years of strong growth. There was a 𝐦𝐚𝐬𝐬𝐢𝐯𝐞 5% rebound in 2010…

Then from around 2012 emissions growth started to slow. Could this GFC recovery funds, GFC after effects, climate policy working, ...? (we don't know)

rdcu.be/bOUaB
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...
Read 12 tweets
2 Mar
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%

iea.org/articles/globa…
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...

3. The drop in monthly CO₂ emissions was greatest in April during the first COVID19 wave.

CO₂ emissions recovered throughout the year to end higher than levels in 2019, despite 2nd & 3rd & ... waves of COVID19.
Read 10 tweets
26 Feb
"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.

1/

bloomberg.com/news/articles/…
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
Read 6 tweets
16 Feb
THREAD: A critical look at baseline scenarios

I did a presentation for the @Tekna group on Energy, Industry, & Environment.

Presentation: slideshare.net/GlenPeters_CIC…

Video: tekna.no/fag-og-nettver…
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?

carbonbrief.org/explainer-how-…
3. Baseline scenarios assume no climate policy. Essentially, integrated assessment models (IAMs) apply no carbon price (or emission constraint).

Baseline scenarios range from emissions peaking & declining (<3°C in2100) to a high-end outlier (by choice) RCP8.5 (>5°C in 2100).
Read 25 tweets
15 Feb
IPCC: By 2050 a Brazil-sized area of new forests and/or crops may be needed to meet 1.5°C climate goal…

No, this is not the new Shell scenario, this is the IPCC SR15 Summary for Policy Makers. These are scenarios with no or limited overshoot...

ipcc.ch/sr15/

1/
Shell requires some “700m hectares of land would be required over the century, an area approaching that of Brazil”.

[Why Brazil, that is 850Mha, Australia 770Mha?]

This is a similar area to the favoured “Low Energy Demand” (LED) scenario.

carbonbrief.org/analysis-shell…
2/
Ok, people like spruiking the Low Energy Demand (LED) scenario. I am fine with that.

Despite the title, LED uses just as much land for forests as Shell.

It is a case of low energy demand AND carbon dioxide removal (not either/or). Do people get this?

nature.com/articles/s4156…
3/
Read 10 tweets

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