Paris Agreement

Question 1

Paris Agreement

Answer 1

5 year cycles of submitting NDC communicating actions taken to reduce GHG emissions and adapt to imapcts of warming.

Question 2

Kaya Identity

Answer 2

A formula estimating amount of CO2 by multiplying population, GDP per capita, energy intensity, and carbon intensity.

Question 3

European Climate Law

Answer 3

Binding target for 2050 neutrality - 2021 EU emissions reduced 30% compared to 1990 levels, with significant prosperity increases over time

Question 4

What is responsible for European Climate Law reductions?

Answer 4

Declining coal usage and adopting renewables

Question 5

Green New Deal

Answer 5

Advancing economic growth alongside clean energy investments

Question 6

Green Growth

Answer 6

Fostering economic growth and development whilst ensuring natural assets continue to provide resources and environmental services on which our well-being relies.

Question 7

Why is green growth an oxymoron?

Answer 7

GDP growth whilst preserving aggregate natural capital, implying expanding production and consumption

Question 8

What would green growth require?

Answer 8

Decoupling such that rate of decline in emissions intensity is greater than the rate of GDP growth

Question 9

What is an example of green growth?

Answer 9

Phasing out coal in UK, low employment thus easy, however preference to gas, but only phased out due to high cost of extraction.

Question 10

What is an issue with phasing out fossi fuels?

Answer 10

Oil, gas, and energy pay disproportiante dividends, suffering losses and extended stranded assets.

Question 11

Dividends

Answer 11

Sums of money given to shareholders out of its profits

Question 12

Fossil Fuel Dividends

Answer 12

BP, Shell, Chevron, ExxonMobil, and TotalEnergies with 104 billion payouts in dividends and share buybacks

Question 13

How much global upstream oil/gas given to clean energy?

Answer 13

Between 2023 and 2030, 2%

Question 14

How much could taxing fossil fuels raise?

Answer 14

720bn by 2030

Question 15

FF Assets under net zero

Answer 15

Worthless by 2036, however renewables and freed-up investments make up with losses

Question 16

What are the most vulnerable FF assets?

Answer 16

Remote regions: Canadian Tar Sands, US Shale, and Russian Arctic, and deep offshore wells in Brazil and North Sea expensive to extract

Question 17

Who recieves dividends on a renewable transistion?

Answer 17

EU, Japan, India, and South Korea

Question 18

What would FF assets be worth by 2036?

Answer 18

25tn, but economy still grow by 44tn with renewables