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Green recovery could cut 25% of forecast 2030 emissions

- UN says green recovery would put emissions within range, giving a 66% chance of holding temperatures below 2°C

home > Renewable 09.12.2020 14:48 Nuran Erkul

Green recovery could cut 25% of forecast 2030 emissions

A green pandemic recovery could bring the world closer to meeting the 2°C goal of the Paris Agreement on climate change by cutting up to 25% of the predicted 2030 greenhouse gas emissions, a new UN Environment Program (UNEP) report finds on Wednesday.

According to UNEP's annual Emissions Gap Report 2020, despite a dip in 2020 carbon dioxide emissions caused by COVID-19, the world is still heading for a temperature rise above 3°C this century.

"However, if governments invest in climate action as part of pandemic recovery and solidify emerging net-zero commitments with strengthened pledges at the next climate meeting taking place in Glasgow in November 2021, they can bring emissions to levels broadly consistent with the 2°C goal," the report said.

Governments could still attain the more ambitious 1.5°C goal by combining a green pandemic recovery with swift moves to include new net-zero commitments in updated nationally determined contributions (NDCs) under the Paris Agreement and following up with rapid and stronger action.

It has been five years since governments ratified the Paris Agreement in December 2015.

"The year 2020 is on course to be one of the warmest on record, while wildfires, storms and droughts continue to wreak havoc. However, the report shows that a green pandemic recovery can take a huge slice out of greenhouse gas emissions and help slow climate change," Inger Andersen, UNEP’s executive director was quoted as saying. "I urge governments to back a green recovery in the next stage of COVID-19 fiscal interventions and raise significantly their climate ambitions in 2021."


- Carbon emissions projected to drop by 7% this year

According to the report, in 2019 total greenhouse gas emissions including land-use change reached a new high of 59.1 gigatonnes of CO2 equivalent (GtCO2e)

UNEP's report revealed that the global greenhouse gas emissions have grown by an average of 1.4% since 2020 but with a more rapid increase of 2.6% last year due to the spread of forest fires across the world.

With the reduction in travel, industrial activity and lower electricity generation this year due to the pandemic, carbon dioxide emissions are estimated to drop by 7% this year, the report said.

However, this fall is set to be temporary as it is expected not to occur from structural changes aimed at reducing emissions.

"This dip only translates to a 0.01°C reduction of global warming by 2050. However, a green recovery would put emissions in 2030 at 44 GtCO2e, instead of the predicted 59 GtCO2e – far outstripping emission reductions foreseen in unconditional NDCs, which leave the world on track for a 3.2°C temperature rise," the report finds.

The UNEP said such a green recovery would put emissions within the range that gives a 66% chance of holding temperatures to below 2°C, but would still be insufficient to achieve the 1.5°C goal.


- Growing number of countries commit to net-zero

According to the study, measures to prioritize a green fiscal recovery include direct support for zero-emissions technologies and infrastructure, reducing fossil fuel subsidies, ensuring no new coal plants, and promoting nature-based solutions including large-scale landscape restoration and reforestation.

The report reveals that action on a green fiscal recovery has been limited so far with around one-quarter of G20 members having dedicated shares of their spending, which accounts for 3% of GDP to low carbon measures.

"There nonetheless remains a significant opportunity for countries to implement green policies and programs. Governments must take this opportunity in the next stage of COVID-19 fiscal interventions," the report said, adding that the growing number of countries committing to net-zero emissions goals by mid-century is a significant and encouraging development.

At the time of completion of the report, 126 countries covering 51% of global greenhouse gas emissions had adopted, announced, or were considering net-zero goals.

"To remain feasible and credible, these commitments must be urgently translated into strong near-term policies and action and reflected in NDCs. The levels of ambition in the Paris Agreement still must be roughly tripled for the 2°C pathway and increased at least fivefold for the 1.5°C pathway," the report said, signaling to the shipping and aviation sectors that account for 5% of global emissions.

Both these sectors need to combine energy efficiency with a rapid transition away from fossil fuel, the report said.


- Wealthy bear the greatest responsibility

The report also finds that stronger climate action must include consumption behavior changes by the private sector and individuals as around two-thirds of global emissions are linked to private households.

According to the report, the emissions of the richest 1% of the global population account for more than twice the combined share of the poorest 50%.

"This group will need to reduce its footprint by a factor of 30 to stay in line with the Paris Agreement targets.

"Possible actions to support and enable lower carbon consumption include replacing domestic short-haul flights with rail, incentives and infrastructure to enable cycling and car-sharing, improving the energy efficiency of housing and policies to reduce food waste," the report said.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr


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- New UK-Qatar clean energy partnership expected to create thousands of jobs across UK, in Doha
06.12.2024 Renewable , Finance

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

- Investment to add 2.3 gigawatts of renewable energy capacity and support Spain's energy transition, bank says
29.11.2024 Finance , Wind , Solar

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

-‘Political support for renewables in Türkiye is also exemplary,' says Enercon CEO
28.11.2024 Wind

Thailand, Singapore to expand ties in digital economy, renewable energy, food security

- Agreement reached during meeting between Thailand's Premier Paetongtarn Shinawatra, her Singaporean counterpart Lawrence Wong
28.11.2024 Renewable

Türkiye's solar power soars to record heights in 2024: Ember

- This year, solar energy set new hourly, daily, and monthly generation records, Ember reports
27.11.2024 Solar

Turkish households solely powered by solar and wind: Turkish Energy Min.

- Public and private sectors invest in infrastructure to meet demand increase, says Turkish energy and natural resources minister
22.11.2024 Renewable

UK, Brazil announce major clean energy, trade partnerships at G20 summit

- In landmark move, British Prime Minister Starmer and Brazilian President Lula da Silva unveil UK-Brazil Clean Energy Finance Mission to launch Global Clean Power Alliance
21.11.2024 Renewable

Azerbaijan, Türkiye to strengthen green energy cooperation: Azerbaijani minister

- 'We cooperate with Türkiye in green energy more than any other country,' says Parviz Shahbazov
22.11.2024 Renewable

Lithuanian parliament adopts law to block Chinese access to solar, wind farm systems

- China among countries posing threat to national security, according to Lithuania’s National Security Strategy
15.11.2024 Renewable

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

- Azerbaijani president holds trilateral talks with Kazakh, Uzbek counterparts on sidelines of COP29 in Baku
13.11.2024 Renewable

‘Time is not on our side’: UN chief urges global leaders to pay ‘climate debt’ or risk grave consequences

- ‘Climate finance is not charity, it's an investment,’ says UN Secretary-General Antonio Guterres
13.11.2024 Renewable , General

Renewable targets remain largely unchanged despite COP28 government commitments, report shows

-'Renewables markets have moved, but governments' ambitions have not,' says Katye Altieri, electricity analyst at Ember
13.11.2024 Renewable

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

- "Türkiye has a really remarkably robust onshore wind supply chain," says principal renewable energy specialist at International Finance Corporation
08.11.2024 Wind

Türkiye’s wind energy industry has potential to reach $8B in 2035

- Turkish Wind Energy Congress (TWEC 2024), organized by the TUREB with the motto, 'The Energy of the Future, Future of Türkiye'
07.11.2024 Wind

Turkish Wind Energy Congress kicks off in Istanbul

-TWEC 2024 is not only a congress but also an important platform where strategic roadmap of sector is discussed, says TUREB president
06.11.2024 Renewable

Melting glaciers drive Arctic sea traffic surge, reshaping global trade and environment

- Climate change transforms Arctic into critical trade corridor with 37% rise in maritime traffic
05.11.2024 Renewable

UN body calls for carbon market reforms to boost development in least-developed countries

- Only 6 least-developed countries - Bangladesh, Cambodia, the Democratic Republic of the Congo, Malawi, Uganda, and Zambia - currently account for over 75% of all carbon credits issued in voluntary markets, says report
05.11.2024 Renewable , Energy Diplomacy

Turkish Wind Energy Congress to kick off in Istanbul on Tuesday

- With Anadolu as Global Communication Partner, TWEC 2024, global platform for wind energy innovation, will bring together experts from Europe and beyond to shape future of energy
05.11.2024 Renewable

EU's Borrell sees Türkiye as 'essential' to EU goals amid challenging geopolitical climate

- 'I have worked a lot to reverse the negative spiral in Türkiye-EU relations,' says EU foreign policy chief
31.10.2024 Renewable , Energy Diplomacy

Climate change drives global health crisis with record heat, rising food insecurity: Report

- Deaths among people over 65 due to heat exposure surged by 167% compared to the 1990s, according to 2024 Lancet Countdown report
31.10.2024 Renewable

Global clean technologies to hit $2 trillion in market value by 2035: IEA

- Energy Technology Perspectives 2024 focuses on outlook for top 6 mass-manufactured clean energy technologies such as solar PV, wind turbines, electric cars, batteries, electrolyzers and heat pumps
31.10.2024 Renewable

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

- Companies to deploy 2 million high-efficiency panels for solar boost in Iraq's Basra
30.10.2024 Solar

Enerjisa Uretim secures over $1B loan for wind energy projects

- Loan will be used to finance ongoing wind power plant projects in several Turkish cities with completion date set for first quarter of 2026
25.10.2024 Renewable

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

- Floods, drought causing malnutrition in some African nations
23.10.2024 Geothermal/Biomass , Energy Projects

Taiwan starts drilling of 1st deep geothermal well

- Drilling in Yuanshan Township expected to take 18 months
22.10.2024 Geothermal/Biomass

Renewables to meet half of global power demand by 2030

-China is projected to contribute nearly 60% of global renewable capacity installed by 2030, Renewables 2024 report reveals
10.10.2024 Renewable

Türkiye eyes 8-10 GW annual capacity growth of renewable energy: Turkish energy min.

-‘Türkiye is entering a new period of reform and investment in energy sector. At the forefront of our reforms is an improvement in the permitting process,’ says Alparslan Bayraktar
04.10.2024 Renewable

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

- China leads with an estimated 7.4 million renewable energy jobs, making up 46% of global total
03.10.2024 Renewable , Wind , Solar

Türkiye's green transition to attract substantial investment, senior IFC official says

- Saturday's high-level international meeting to focus on Türkiye's investment climate and strategies to attract more foreign direct investment
30.09.2024 Renewable , Finance

Azerbaijan, Türkiye exploring feasibility of green energy corridor

- Baku is looking at developing cooperation with Ankara in many areas including renewable energy and energy efficiency, Azerbaijani energy minister says
27.09.2024 Electricity , Natural Gas , Renewable

Cost of renewables down with record growth in 2023: IRENA

- Around 81% of newly commissioned, utility-scale renewable projects have lower costs than fossil fuel alternatives, new report reveals
26.09.2024 Renewable

IEA says full COP28 implementation could reshape global energy sector

- International cooperation crucial for building efficient grids, sufficient energy storage, and faster electrification to support clean energy transition, says IEA chief
25.09.2024 Electricity , Natural Gas , Renewable

UAE's Masdar to acquire Spanish firm Saeta Yield for $1.4B

- Transaction includes 745 megawatts of renewable energy assets and 1.6 gigawatts in development pipeline
25.09.2024 Renewable

Int. Energy Agency urges governments to accelerate integration of renewable energy

- Delaying integration could result in electricity generation from solar PV and wind being 15% lower in 2030, new report reveals
19.09.2024 Renewable

TotalEnergies invests in Japan's 1st low-carbon hydrogen fund

- French company is sole non-Japanese investor in Japan's fund launched with initial endowment of over $400 million
15.09.2024 Renewable

Europe adds 6.4 GW of new wind farm capacity in 1H24

- Europe's wind power capacity stands at 278 GW, comprising 242 GW onshore and 35 GW offshore projects
13.09.2024 Renewable

Europe's LNG import terminals see less activity as demand falls

- Several European countries continue to invest in new LNG import infrastructure which could lead to overcapacity amid falling gas demand
13.09.2024 Renewable

UN chief warns Pacific nations of rising sea levels, calls for fossil fuel phase-out

- A crisis that will soon swell to an almost unimaginable scale, with no lifeboat to take us back to safety,’ says Antonio Guterres
30.08.2024 Renewable , Energy Diplomacy

Cragside: What makes it Britain’s ‘original smart home’?

- 19th century house is believed to be the world’s first lit by hydroelectric power and had several other features well ahead of its time
24.08.2024 Electricity , Renewable

UK bank provides €249 million to support Turkish Kalyon Enerji's solar project

- Project is expected to produce renewable energy to supply 65,000 households in Türkiye annually
12.08.2024 Solar , Energy Projects

Wind, solar overtake EU fossil fuels in 1H24, Ember reports

-Fossil fuels account for 27% of total EU electricity generation in first half of 2024, compared to 33% last year
31.07.2024 Renewable , Wind , Solar

TotalEnergies expands renewables portfolio with hydropower deals across Africa

- Energy giant announces projects across Africa including Uganda, Rwanda and Malawi
31.07.2024 Hydro

UK to launch Great British Energy to ramp up renewable energy investments

- £8.3 billion of public money, along with private partnership, will allow Great British Energy to develop, own and operate assets
20.07.2024 Renewable

EU audit body says hydrogen targets are 'overly ambitious'

- European Union 'unlikely to meet' its hydrogen production and demand targets by 2030, says bloc's auditing body
19.07.2024 Renewable
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