green recovery from covid-19 pandemic Flashcards
Carbon emissions
international energy agency (2020) data analysis indicated: countries in full lockdown= average 25% decline in energy demand per week, countries in partial lockdown= average 28% decline
total global CO2 emissions fell by 6.4% in 2020 (34.81 bn MT in 2020, 36.7 bn MT in 2019)
one-off delcine with no long-term impact on the CO2 levels in the atmosphere as the atmospheric conecentration of CO2 continues to rapidly increase
UN facts
cut global emissions by 7.6% every year for next decade to meet 1.5 degrees- Paris target
COP26 Key Agreements
keeping 1.5 degrees celsius alive
reduction of 45% of CO2 emissions to atmosphere for 2010 levels by 2030
‘phase-down’ coal
reduce CH4 emissions by 30% of 2020 levels by 2030
halt and reverse deforestation by 2030
transport- zero emissions vehicles commitment by 2035/40 but only just over 30 countries (not USA, China Germany)
finance- a recommitment to $100bn a year for developing nations, with a suggestion of $1tn a year form 2030
USA/China agreement
Green shoots of Recovery
European Green Deal- economic recovery strategy with Next Generation EU, 750 billion euros recovery instrument.
requires action across all sectors of the economy, including:
decarbonising the energy sector, investing in environmentally-friendly technologies, cleaner, cheaper and healthier private and public transport, energy efficient buildings and improving global environmental standards
Green shoots of Recovery pt2
globally, governments have committed substantial public resources to a green recovery
initial OECD country by country analysis indicates at least USD 312 billion
amount is over USD 1 trillion if the full EU package is included, but there may be double counting with already- announced totals from separate EU members states.
Sustainable Finance
International Institute for Sustainable Development (IISD) estimates that G20 countries are supporting energy projects with 47% invested in fossil fuels and 39% to clean energy
