Political will delivers big step forwards with Loss and Damage fund at #COP27
#FossilFuel tensions still to be fully addressed: inches forward leave little assurance on the acceleration needed to keep temperature rise below 1.5C.
“Finance issues were always going to be critical at this COP," says @KateLLevick on #climate finance at #COP27. "Beyond the negotiated issues there was a consensus that current financial architecture and rules are not adequate to meet the climate challenge."
"Strong diplomacy from small, #climate vulnerable countries, and late compromise led by Europe, renewed the High Ambition Coalition to secure steps forward on #ClimateAction." Leaders addressed impacts, but are still not up to the task of #FossilFuel transition. @AlexScottLondon
"The >770m people still without access to electricity, mostly in Sub-Saharan Africa, were barely mentioned at this African COP. #CleanEnergy access, including for cooling and agriculture, would play a critical role in any #NetZero emission pathway." Annisa Sekaringtias #COP27
"Building a strong and clear consensus around the urgency of emissions reductions is the critical challenge in the wake of Sharm El Sheikh; without this, future COPs are doomed to repeat the mistakes of the past." @TomEvansClimate#COP27e3g.org/news/political…
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UK PM @BorisJohnson will soon set out an energy security strategy. The biggest, quickest action 🇬🇧 can take to wean itself off Russian gas and expensive #FossilFuels is to invest in home #EnergyEfficiency and renewables. AN ENERGY SECURITY STARTS AT HOME TOP 10 FACTS THREAD 🧵
Fact 1/ Nearly 90% of the increase in bills over the last year is due to the rising price of gas, which has more than tripled over the same period. Most of the remaining increase is the cost of suppliers going bust. ofgem.gov.uk/energy-data-an…
Fact 2/ The UK has the oldest, most poorly insulated housing stock in western Europe, and over 85% of our homes are connected to the gas grid – leaving UK families sharply exposed to the volatility of international gas markets. reuters.com/markets/commod…
Our new report – Between hope and hype: a hydrogen vision for the UK – unpacks the offer of #hydrogen, examining where it does and does not add value for #climate, jobs, and levelling up. Ahead of the Hydrogen Strategy, it sets expectations for UK Gov. ⬇️ e3g.org/publications/b…
The UK must focus on #GreenHydrogen for climate leadership – fossil-based ‘blue’ hydrogen is not zero emissions and should not be classed as ‘low carbon’. Public funds and support should only be used to develop zero emissions fuel & technologies. [2/9]
Scaling green hydrogen requires parallel rapid growth in renewable energy – tapping offshore wind potential – as well as electrification, efficiency & circular economy. These measures should be central to any zero-emissions strategy, regardless of the role of hydrogen. [3/9]
Ready, steady, go! We're now kicking off our panel discussion on the role of gas in a "better recovery" that we're co-hosting with @CarbonBubble as part of #LCAW2020.
Follow this thread for live highlights from the debate 👇
Lily Chau from @CarbonBubble has brought three key messages for the debate:
1⃣ Economics: new renewables are already cheaper than existing gas plants, and the trend will continue, making an increasing number of gas plants in Europe unprofitable
2⃣ Security of supply can be achieved without gas plants, using renewables and flexibility technologies such as batteries, efficiency and demand response.
3⃣ Some challenges for phasing out fossil gas remain, including the interdependency of district heating and fossil fuels.
2/10 Our #EU experts @manondf + @Pieter_de_Pous will be live-tweeting highlights during tomorrow’s #SOTEU speech at 9:00AM CEST.
If you’re interested in #euclimate be sure to follow along! In the meantime, here are some major areas we’ll be looking out for 🧐👇
3/10 Pressure by many including @Fridays4future and a #Green wave during last year’s @Europarl_EN elections left @vonderleyen with little alternative than to elevate the #green agenda to unprecedented prominence.