- Global wind power has already crossed the 300 GW mark. Installed capacity now equals the capacity of all power plants in South and Central America!
- The wind industry provides 650,000 jobs worldwide.
- Wind power is cheap and ready to go. In Australia, power can be supplied from a new wind farm at a cost of AU$80/MWh, compared to $143/MWh from a new coal plant.
- EU citizens pay €2 every day for the EU’s fossil fuel imports.
As the UN Secretary General’s Climate Summit approaches, we are sure Parties, investors and businesses are wondering how to pack their bags and appropriately prepare for New York this September.
ECO would like to help. We know that Parties sometimes struggle with long lists of things they need to prepare. There is a regrettable tendency for some Parties to forget what they have already packed interventions in their bags already, or to wear old items of clothing in the hope that we don’t notice that it’s just the same old thing refashioned.
ECO was delighted to hear that Germany has decided to stop export credit guarantees for nuclear installations abroad. Well done to our hosts – but here’s our first question: why did it take 13 years to draw the logical consequence from the 2001 decision to phase-out nuclear power? Only three years ago, the conservative-liberal government tried to mobilise another €1.3 billion export guarantee for Areva to build the Angra-3 nuclear reactor in Brazil. Only a strong refusal by Parliament and civil society stopped this crazy plan.
Australian Prime Minister Abbott's fossil fuel celebration tour got even more surreal yesterday when he donned a cowboy hat in Texas. Abbott also offered up his long term view on the prospects for coal — he believes that it will fuel human progress for many decades to come. Meanwhile, here in Bonn, delegates were treated to a glimpse of what the world would look like if Abbott’s dystopia came to pass.
ECO thinks that the ADP has a pretty simple job in designing the next phases of the INDCs process. After completing the information requirements, we simply need an INDCs assessment phase, as pointed out by AILAC and Palau. The first step of the assessment phase is - you guessed it- all parties submitting INDCs by March 2015. This could not be simpler, really.
While we all breathlessly wait for big money to hit the GCF (US$15 billion in pledges is expected by the end of this year), ECO would like to remind everyone that there are other funds in dire need of money too. One of them, the Adaptation Fund, which has projects ready to be implemented in vulnerable countries such as Ghana, Mali or Nepal, is now just waiting for the resources to get those projects started.
ECO has been sitting on the edge of its chair waiting to find out how the work of the Warsaw Loss and Damage Mechanism has progressed since the first meeting of its ExCom at the end of March.
As we wrap up in Bonn, New York is preparing to host an equally important process, the penultimate session of the Open Working Group (OWG) on the Sustainable Development Goals (SDGs).
ECO’s done its homework and can tell you that the linkage between climate change, poverty eradication and sustainable development makes it clear that the post-2015 sustainable development framework will fail if climate change is not adequately addressed within it.
Dear Reader, do you remember when ECO wrote, a few nights ago, about Poland being a total bully, again, and trying to use the EU’s KP ratification as a bargaining chip for the upcoming 2030 discussions in the EU?
Yesterday, ECO reported that Brazil had failed to consult with Brazilian civil society before submitting its Reference Levels to the UNFCCC, and that it had not yet made the submission public. Today, we are pleased to report that the submission has been published on the Brazilian government website, apparently while yesterday’s article was in press.