#Thread
Did developed countries meet the pre-2020 #climateaction commitments?
Our new study found that
➡️Major developed countries — including all G7 countries — cut #emissions by just 3.7%
➡️ Developed countries collectively consumed 25 GtCO2eq additional #carbon space
More👇
Why is the pre-2020 era significant?
All countries must now significantly raise #climate ambitions to limit warming to 1.5°C. But, given the principle of equity & common but differentiated responsibilities, the onus of reducing #emissions lay on #developed countries pre-2020.
To analyse the performance of developed countries, we developed a 1st-of-its-kind Pre-2020 #ClimateAction Ranking. We ranked the countries on their-
✅sincerity- seriousness to take #climateaction
✅action- overall #mitigation performance
📖press release: bit.ly/377zrlm
European countries like Sweden🇸🇪 , the UK🇬🇧 , Belgium🇧🇪 & Denmark🇩🇰 topped the ranking.
Meanwhile, other major economies like theUS🇺🇸, Canada🇨🇦 Australia🇦🇺, & Russia🇷🇺 featured near the bottom of the rankings.
But why?
Major economies like the US🇺🇸, Canada🇨🇦 & Japan🇯🇵 sat out of either one or both key commitment periods in the pre-2020 climate regime: the Kyoto Protocol (2008-12) and the Doha Amendment to the Kyoto Protocol (2012-20).
🇺🇸US' non-participation in both commitment periods led to the withdrawal of other developed countries from these critical agreements. Emissions🏭 from non-participating nations accounted for 47% of #emissions from all #developed countries b/w 2008-12. This ⬆️ to 71% b/w 2013-20!
Meanwhile, many participating countries took undue advantage of accounting provisions to carve out additional carbon space for themselves. For instance, Australia🇦🇺 gained additional #carbon space of 24% by including #deforestation emissions in the base year!
Why is all this significant for post-2020 #climateaction?
1️⃣ Limited #carbon space available
2️⃣ Enhanced action is required from all countries due to additional #carbon space consumed by #developed countries.
3️⃣ Developing countries need carbon space to raise standard of living
We recommend:
➡️distributing the burden of the gaps emerging from the pre-2020 period among the #developed countries
➡️strengthening the existing accounting and compliance mechanism
➡️restricting easy exits from #climate agreements
#Thread#NewStudy
Netzero announcements ✅
But is the available carbon space being fairly shared?
➡️by 2050, China, the US, & the EU are likely to occupy over 90% of the available 1.5°C #carbonspace.
➡️by 2030, they would consume 45% of the available carbon space.
Read 👇
The study also found that the #netzero commitments made by the 10 big emitters are inadequate and would surpass the 1.5°C #carbon space by 33% by 2050.
Read #pressrelease📜: bit.ly/3D0UXqv
We propose that:
➡️the US, China & the EU should consider advancing their #netzero years by a decade & aim to turn net negative by 2050.
✅This would help contain warming within the 1.5°C #carbonbudget threshold suggested by the recent #IPCC report.
In a new study, we examined how #greenhydrogen can help in cleaner steelmaking. We found that:
▶️9% blend of #green H2 in steel making would ⬇️India's emissions footprint by 68%
▶️This #greensteel would be competitive with upper range of conventional steel costs at current rates
If #greenhydrogen costs fell to 1.3-2.2 USD/kg from the current 4-4.5 USD/kg, steelmaking based entirely on #green H2 could break even with #coal-based processes in #India. Globally, electrolyser manufacturers have already committed to a green H2 cost of 1.5 USD/kg by 2025.
'A Multilateral Approach to Building a Global Hydrogen Economy' | Session with the Ministry of New and Renewable Energy pscp.tv/w/dAcpOXR3LTMx…
📖 Read our studies: 1. Greening Steel: Moving to Clean Steelmaking Using Hydrogen and Renewable Energy - bit.ly/Green-Steel
2. Speed and Scale for Disruptive Climate Technologies: Case for a Global Green Hydrogen Alliance - bit.ly/G2H2Alliance
We are going to take up hydrogen on a large scale. We believe that #greenhydrogen prices will come down & will be competitive with grey hydrogen. The scale will bring the prices down: @RajKSinghIndia@mnreindia@MinOfPower
Based on #IRES2020, our study found that:
➡️Over 70% per cent of Indian households use #LPG as their primary cooking fuel
➡️85% have #LPG connections
➡️54% continue to use traditional solid fuels
Read more 👇
How has #LPGPriceHike affected consumption?
84% of households using traditional #solidfuels with #LPG cited high prices of LPG refills as a reason for stacking fuels. LPG prices have risen by 40% over the last 1 year. #PressRelease: bit.ly/2Ynelyi
80% non-users cite the inability to afford #LPG – either bcz of connection cost or recurring expense on #fuel – as the reason for not having an #LPGconnection.
Using traditional solid fuels for cooking increases exposure to indoor #airpollution for such households. #LPGPriceHike
"Over 1/2 of the INR 5.8L CR stimulus announced today focused on our #MSME sector. 40% of India’s 450 mn informal workers are employed with MSMEs. The recovery of this sector is central to our economic resurgence & the workers' well-being," @GhoshArunabha#AatmanirbharBharat 2/n