Four Demands for a Successful Long-Term Negative Emissions Strategy in Germany
To ensure that Germany achieves its goal of climate neutrality by 2045, negative emissions are necessary, as depicted in the global IPCC scenarios.
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Publish date: October 30, 2008
Written by: Anne Karin Sæther
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Bellona has argued over many years that climate mitigation and adaptation action should be regarded as opportunities for good and profitable long-term investments, rather than expensive obstacles.
A growing number of investors, banks and multinational companies are now reluctant to invest in activities with carbon liabilities such as coal-fired power plants. They place their investments into renewable energy and research towards bio-fuels.
“The Rockefeller Foundation and the Bill and Melinda Gates Foundation recently put $100 million into a company aiming to deliver bio-fuels that could compete in the marketplace. This is about time, and really encouraging”, says Svend Søyland, International Adviser for the Bellona Foundation.
Solving many challenges simultaniously
The name of the UNEP initiative is inspired by the New Deal mounted by President Franklin D. Roosevelt to end the Great Depression in 1930s America. Large public investments in infrastructure programmes such as hydroelectric power provided much needed employment for idle hands.”
‘The Global Green New Deal’
The proposed deal will address a whole gamut of challenges: The goal is to create millions of new permanent jobs, fight poverty, deeply reduce greenhouse gas emissions, and, finally, revive the global economy.
Specific advice
Pavan Sukhdev, Executive Director of Deutsche Bank’s Global Markets Centre located in India, will champion this initiative. UNEP will in the course of the next 18 to 24 months prepare specific advice to authorities both in developed and developing countries.
“We are filling a toolbox with innovative approaches that can drive the necessary changes to foster green economy and renewed growth”, Sukhdev told the Norwegian daily Dagens Næringsliv.
Success is achievable
Deutsche Bank published a comprehensive report entitled ”Investing in Climate Change 2009: Necessity and opportunity in turbulent times.”
This report highlights that investment in green technologies and services are likely to become the most profitable sector, outperforming all other market segments. Consequently, the traditionally conservative bank’s advice to its customers is to ramp up their investments in green technology.
Stern: ‘Tackle risk early’
Economist Nicholas Stern recently wrote a comment piece for Britain’s The Guardian in which he stressed the opportunities given by the financial crisis:
“Let us learn the lessons and take the opportunity of the coincidence of the crisis and the deepening awareness of the great danger of unmanaged climate change: now is the time to lay the foundations for a world of low-carbon growth,” Stern wrote.
At a conference in Hong Kong recently, Stern made it clear that the consequences of ignoring climate change will be worse than the consequences of ignoring risks in the financial system. He underscored that we have been warned about financial risks for a long time, as we also have been warned about the risks that lie in global warming.
"That’s a very important lesson, tackle risk early," Stern said, according to Reuters.
To ensure that Germany achieves its goal of climate neutrality by 2045, negative emissions are necessary, as depicted in the global IPCC scenarios.
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
Transport on the Northern Sea Route is not sustainable, and Kirkenes must not become a potential hub for transport along the Siberian coast. Bellona believes this is an important message Norway should deliver in connection with the Prime Minister's visit to China. In an open letter to Jonas Gahr Støre, Bellona asks the Prime Minister to make it clear that the Chinese must stop shipping traffic through the Northeast Passage.
The International Atomic Energy Agency has published a new report on its efforts to ensure nuclear safety and security during the conflict in Ukraine, with the agency’s director-general warning that the situation at the Zaporizhzhia nuclear power station remains “precarious and very fragile.”