If we take a remaining carbon budget consistent with 1.5°C, then emissions need to drop rapidly. This curve converges to zero, there is no physical reason to have a straight line to zero.
(I took 580GtCO₂ from SR15 Table 2.2, not adjusted for time past)
4. Net-zero emissions
It is likely that it is not possible to avoid all CO₂ emissions, & some carbon dioxide removal (modest scale) may be used to balance continued CO₂ emissions.
Rapid-short term reductions still needed...
5. Net-zero & net-negative emissions
This is what most scenarios actually look like. They have large-scale CDR. The temperature exceeds 1.5°C & then comes back to 1.5°C later (I assumed 2100).
8. Large-scale net-negative emissions (& declining non-CO₂) mean that temperatures peak (around net-zero CO₂) & then temperature declines.
There is interesting science on the role of CO₂ & non-CO₂ in the declining temperature (but the GWP100 for non-CO₂ really does confuse)
9. The above scenario is illustrative, but we can take one that has much less CO₂ removal (the Low Energy Demand that was profiled in SR15).
While this scenario reaches net-zero CO₂ emissions, it does not reach net-zero GHGs before 2100 (as 'required' in the Paris Agreement).
10. Article 4 in the Paris Agreement ('balance' of GHG emissions by 2100) is not really necessary & seemingly based on scenarios with large-scale CO₂ removal?
The 'best available science' (Art. 4) would say a balance in GHG is not needed (but likely needed for CO₂ emissions)
11. It is well understood that net-zero CO₂ emissions occur 10-20 years before net-zero GHG emissions, & going from 1.5°C to <2°C makes net-zero about 20 years later (& even not necessary).
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).
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