Hefty work load, unprecedented number of mandated events, efficiency needed. Negotiations texts t.b. expected on Wednesday, June, 14th, at 6 p.m.. Ready to comment at the location! #SB58
The number of mandates are „standing“ (from old and very old work programmed such Nairobi, #Adapation) and „new“ ones (arising of the firework of decisions of #COP26 and #COP27 such as funding and finance of #LossAndDamage). Ready to explain from 17 h CET today, just contact me.
A short critique on Nahm, Miller and Urpelainen (G20’s US$14-trillion economic stimulus reneges on emissions pledges), or why I an less pessimistic ... nature.com/articles/d4158…)
The study compares the stimulus packages of the 20 largest economies in the COVID period (2020/21) and finds an insufficient contribution to emissions reductions.
The analysis evaluates each policy by target and total amount of spending that either has no direct impact on GHG emissions ("emissions neutral"), reduces emissions ("positive contribution"), or increases emissions ("negative contribution").
A week ago, the central bank of #China’s official website announced that the People's Bank will increase 100 billion yuan to support the clean and efficient use of #coal.
Already in November 2021, the People's Bank of China (#PBC) created a special reloan of 200 billion yuan to support the clean and efficient use of coal in seven areas; the total amount of reloans to support #coal has reached 300 billion yuan.
In 2021, the strict coal de-capacity policy and energy led to a #electricity shortage crisis. Today's liberalisation of coal is intended to ensure “a normal supply of energy and avoid the pain of power rationing." (Taken from China Energy Network 2022-05-17)
The #Ukraine war has shifted international political attention from the Glasgow #COP26 voluntary pledges to the Russian invasion.
Among the Glasgow pledges in detail, I see the most serious shortcomings in the pledge to phase out global funding for coal and other fossil fuels, the so-called #carbonbomb as The Guardian has currently called it, but also in the trend of continued and accelerated #deforestation
IEA's Global Methane Tracker reports higher emissions, but that may have to do with better tracking - which would be a success of Glasgow's #MethanePledge.