Thread by @NowCollapse

This is going to be a thread about the #COVIDRecovery #BuildBackBetter #RecoveryPlan and how it's been a total failure through the lens of #emissions #climatechange and #adaptation. #ClimateCrisis #ClimateEmergency #EconomicRecovery 🧵 1/x

I started following this in December 2020, when this paper was released:

"If fiscal packages are invested in carbon-intensive technologies and traditional fossil fuel-based infrastructure, this will bring huge lock-in effects on emissions."

nature.com/articles/s4155… 2/x

"Five-year emissions will increase by 15.6% (22.0 Gt) versus decreases of 4.7% (6.6 Gt), if the fiscal packages were invested in clean energy and advanced technologies (scenario SDS)." 3/x

"We find that the brown dashed line (scenario without stimuli) can only delay the time when global emissions exceed the upper boundary of the 2 °C Cancun climate goal." 4/x

"Reality could be even worse. First, in this study we only consider the CO2 emissions from economic sectors."
"Emission decline due to COVID-19 might be neutralized by follow-up fiscal stimuli. " 5/x

December 2020:
"52% of the recovery packages in G20 countries would be invested in fossil fuel-related energy sectors, without any environmental commitments attached...& therefore global emissions would continue to grow rapidly, even faster than in the previous 5 years." 6/x

At the same time, the #UNEP #Adaptation report was released. All around a dour look at the state of Adaptation funding (which has been corroborated in the recent #IPCCReport). 7/x

unep.org/events/publica…

Ongoing & scheduled adaptation planning & implementation processes at the global, national & local levels have seen large portions of human/financial resources being reallocated towards managing the impact of COVID. 8/x

"COVID-19 related recovery packages could facilitate economic recovery, provide jobs for the most vulnerable, reduce gender & wealth inequalities within and among countries, & improve health systems, on top of building enhanced #climateresilience and reducing emissions. 9/x

"Analysis of economic stimulus packages announced to date, however, suggest that governments are largely forgoing this opportunity, with support particularly neglecting efforts to restore and conserve nature."

February 2021

"Efforts by governments around the world to forge a green recovery from the coronavirus pandemic are so far failing even to reach the levels of green spending seen in the stimulus that followed the 2008 financial crisis". 10/x

theguardian.com/environment/20…

February 2021:

"For limiting #globalwarming to below 2 °C, CO2 emissions need to decrease by about 25 per cent from the 2010 level by 2030"

On track for "0.5 per cent lower than in 2010" by 2030.

Missing 2C goals by 98%, and 1.5C goals by 99.98%.
11/x

unfccc.int/process-and-me…

By March of 2021, #Emissions had bounced back to above pre-pandemic levels:

"The rebound in global carbon emissions toward the end of last year is a stark warning that not enough is being done to accelerate clean energy transitions worldwide," 12/x

france24.com/en/live-news/2…

April 2021:

"~ 43.5% of recovery funds being put towards supporting Fossil fuel energy, and 39.6% towards "clean" energy. " 13/x

spglobal.com/platts/en/mark…

It was already clear that the planned #emissions changes would put us far from our 2C goals. 14/x

In late April 2021, our #emissions were increasing at one of the highest rates in history; in direct contradiction to all of the #climatescience and #emissionsreductions plans that the world had agreed to. 15/x

theguardian.com/environment/20…

April 2021, the #IEA #emissions report was released

"This is a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate," 16/x

edition.cnn.com/2021/04/20/bus…

June 2021:

~45.4% ( ⬆️ ) of recovery funds being put towards supporting Fossil fuel energy, and 35.5% ( ⬇️ ) towards "clean" energy, and 19% towards "other". 17/x

theguardian.com/world/2021/jun…

Meanwhile, a slew of reports about our increasing emissions are released. 18/x

phys.org/news/2021-06-r…

If new capacity is limited to what is currently under construction & capacity is canceled, coal production in 2030 will still be 8,443 Mt, over three times the 1.5°C-compliant pathway & 2x the 2°C-compliant pathway 19/x

reuters.com/world/china/wo…

A #Switzerland referendum shoots down a new law aimed at reducing emissions. 20/x

independent.co.uk/climate-change…

Another study finds that it's no longer "plausible" to deeply decarbonize by 2050. 21/x

phys.org/news/2021-06-c…

October 2021, the UN warns that the chance to #buildbackbetter has been wasted. 22/x

theguardian.com/environment/20…

Now, an analysis of the total and utter failure of #COVIDRecovery plans & #Buildbackbetter to take #ClimateChange into account has been released. 23/x

phys.org/news/2022-03-c…

"Just 6% of the money went to projects that will likely reduce greenhouse gasses, while the vast majority of recovery spending didn't address climate at all." 24/x

""The pandemic could have been an opportunity to push countries toward greener economies and a lot of governments have failed to do so."" 25/x

"Countries that barely considered climate-related projects in their recovery plans, spending less than 5% of their totals, include the United States, Japan, Russia, and the United Kingdom." 26/x

"If there was ever an opportunity to tie economic recovery with these climate goals that are drawing closer by the day, this would have been the time to do it"

Would.Have. - Past tense. 27/x
#ClimateCrisis #EconomicStimulus #climatecrisis

nature.com/articles/d4158…

The vast majority of recovery spending (91%) did not seek to shift greenhouse-gas emissions. 28/x

- China cut electricity prices by 5% in 2020 to ease financial stresses. It asked coal mines to increase production to help to stabilize prices.
- India delayed the deadline for coal power plants to implement air-pollution control measures. 29/x

- South Africa earmarked $11.4 billion to buy energy from primarily Coal plants while reducing Wind energy purchases.

- The United States, Japan, Canada and the United Kingdom each committed less than 10% of recovery funds to emissions-reducing causes.

30/x

If you're interested in being part of a group that actively follows these issues, join us in the Collapse Discord and be part of a wonderful community of aware and concerned people. #Collapse #Overshoot #LimitsToGrowth #ClimateCrisis

discord.gg/JpB5EW92vN

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