Climate change: Will COP23 be able to accelerate the implementation of the Paris agreement?

Miguel Arias Cañete at the podium.
Date: 21/09/2017. Location: Chania. © European Union , 2017 Photo: Stefanos Rapanis

The next UN climate summit (COP23) will take place in Bonn, Germany from 6 till 17 November with everyone to await its outcome and whether it will be beneficial for the global warming adding to the Paris agreement.

It is a crucial year for the climate as the US has declared to leave the Paris pact and UN’s reports show that concentrations of carbon dioxide (CO2) has increased dramatically in 2016. This summit is about to play a key technical role on the implementation of the Paris rulebook.

Beside0s, UNFCCC announced that COP23 will be “climate-neutral” using three kinds of measures: energy efficiency improvements, renewable energy and offsetting unavoidable emissions.

CO2 levels hit record high

According to the Greenhouse Gas Bulletin, UN weather agency’s annual report, the concentration of CO2 has reached 403.3 parts per million (ppm), higher compared to the 400.00 ppm in 2015. Erik Solheim, UN Environment chief, mentioned on the issue that: “The numbers don’t lie. We are still emitting far too much and this needs to be reversed. The last few years have seen enormous uptake of renewable energy, but we must now redouble our efforts to ensure these new low-carbon technologies are able to thrive”.

Furthermore, the report indicates that CO2 concentrations are currently 145%, methane 257% and nitrous oxide 122% above pre-industrial levels. Dave Reay, Professor of Carbon Management at the University of Edinburgh, said that these facts should alarm the world leaders. Professor Reay also mentioned that: “We know that, as climate change intensifies, the ability of the land and oceans to mop up our carbon emissions will weaken. There’s still time to steer these emissions down and so keep some control, but if we wait too long humankind will become a passenger on a one-way street to dangerous climate change.”

Business and climate change

A research from the Carbon Disclosure Project (CDP) found that nine out of ten of the world’s biggest firms have set strategies to decrease gas emissions but only 20% of these companies are planning to do so from 2030 and beyond.

Paul Simpson, chief executive of CDP, mentioned that: “This is great news for those companies seizing the opportunity of the low-carbon economy, but the rest need to pick up the pace or risk losing out. The majority of the large corporations we analysed do not yet appear to have the right science-based targets in place to successfully transition their business in line with the Paris agreement, though many have ambitions to take this step in the next two years.”

The fact that firms are not legally obliged to follow the guidelines of the Paris agreement, which demands from countries to take action to keep global warming to no more than 2 OC, is making the business world to move at a slow pace. Thus, many large companies are not contributing to the level that could add up to the effort of reducing greenhouse gas emissions efficiently.

Is progress really happening?

Even if there is an overall increase in gas emissions, the Emissions Gap report shows that global carbon emissions from fossil fuel use, cement production, and international transport have stabilized around 35 billion tons CO2 equivalent since 2014.

Among the countries around the world, only Syria has denied joining the Paris agreement and United States has already stated that will leave from this agreement in 2020 which is most likely going to worsen the odds on reducing the gas emissions and maintaining global warning temperature to no more than 2 OC. The latter is driven by the fact that U.S. is the world’s second-largest emitter of greenhouse gas.

China and EU are determined though to show the path to climate sustainability and apparently attempt to reduce CO2 levels even more in order to replace the American contribution. COP23 is crucial as it will be a chance for all the parties to try changing Donald Trump’s mind and recall his decision on withdrawing from the Paris agreement.

All in all, COP23’s role in the climate change will be catalytic as far as the implementation of the Paris rulebook is concerned. The entire world needs a more visionary summit to believe that environmental pledges can and will be done promptly in order to contribute to the decrease of the greenhouse gas emissions.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

CEOs in these countries are more likely to go with their gut

EU’s Mogherini visits Turkey “to step up engagement” and highlight interests

Parliament backs a modernised EU electoral law

EU-US resume trade negotiations under the spell of NSA surveillance

Syria: Civilians caught in crossfire, UN refugee chief urges Jordan to open its border

“China will strive to enhance the performance of economic growth”, President Xi highlights from the World Economic Forum 2017 in Davos

MARKUP initiative to boost market access to Europe for East African SMEs

TTIP 9th Round marked by American disappointment: Will some optimism save this trade agreement?

Cultural diversity can drive economies. Here are lessons from India and South Asia

A Sting Exclusive: “Climate change and youth inaction: oblivion or nonchalance?”, AIESEC wonders from Brussels

The EU Commission implicates major banks in cartel cases, threatens with devastating fines

Biggest London City Banks ready to move core European operations to Frankfurt or Dublin?

Eurozone at risk of home-made deflation and recession

‘Path to peace’ on Korean Peninsula only possible through diplomacy and full denuclearization: US tells Security Council

Our present and future tax payments usurped by banks

Facebook-Cambridge Analytica: MEPs demand action to protect citizens’ privacy

Banks must take bold action to fight climate change. This is how they can do it

EU and India re-open talks over strategic partnership while prepare for a Free Trade Agreement

Somalia: UN urges steps to ensure future elections not ‘marred’ by rights abuses seen in recent polls

3 natural mysteries that could be explained by quantum physics

UN rights chief denounces Burundi for ‘belligerent and defamatory’ attack on inquiry team

Job automation risks vary widely across different regions within countries

Youth and children in Europe set the new perspectives for the decades to come

WEF Davos 2016 LIVE: “If we do not do properly the Paris agreement, then all 16 remaining goals will be undermined”, UN Secretary General Ban Ki-moon cautions from Davos

Nuclear non-proliferation treaty an ‘essential pillar’ of international peace, says UN chief

The G7 should take the lead on ocean targets for 2020

Court of Auditors: EU spending infested with errors well above the materiality threshold of 2%

“Only through energy policy we can trigger competitiveness”. The Sting live from #EBS2015: Energy Union – When will it happen?

The success story of a Chinese investment in the Greek port of Piraeus

Faith can overcome religious nationalism. Here’s how

A day in the life of a refugee: the role of nations and citizens of the world

Young people are not a nameless, faceless mass. So why do we treat them as such?

SPB TV @ MWC14: The TV of the Future

“None of our member states has the dimension to compete with China and the US, not even Germany!”, Head of EUREKA Pedro Nunes on another Sting Exclusive

The creative technology and its advancements

Finland must focus on integrating migrant women and their children to boost their contribution to the economy and society

G20 LIVE: “ISIL is the face of evil; our goal is to degrade and ultimately destroy this barbaric terrorist organisation”, US President Barack Obama cries out from Antalya Turkey

EU citizens disenchanted with Economic and Monetary Union over rising poverty and high unemployment

Hazy ‘breakthrough’ saves PM May, leaves Ireland in limbo: Brexit

India-UN fund gets 22 development projects off the ground in first year

More than one billion people do not have access to electricity. What will it take to get them connected?

The European Internet is not neutral and neither is the Commissioner

The impossible end of the war in Syria

New rules for audiovisual media services approved by Parliament

Facebook has built an AI-based tool that fixes the social network when it crashes

Merkel had it her way with the refugees & immigrants but can Greece and Turkey deliver?

MWC 2016 LIVE: T-Mobile US reveals 5G trial plans

Air quality: Commission takes action to protect citizens from air pollution

Digital distrust: We’re losing faith in technology to solve the world’s problems

What lies ahead for the Korean Peninsula?

Chauvinism and xenophobia will lead to global assertiveness and more wars

VW emissions scandal: While U.S. car owners are vindicated, Europe still unable to change its laws and protect its consumers

Can Greece’s devastating economy deal with the migration crisis?

UN Human Rights Council resolution on youth and human rights: a step forward for youth rights

A very good morning in European markets

The EU Commission lets money market funds continue the unholy game of banks

How wealthy people transmit this advantage to their children and grand children

UN chief welcomes agreement by rival leaders in South Sudan, as a step towards ‘inclusive and implementable’ peace

Ahead of State of the Union the European Youth Forum highlights lack of action on youth employment

What are the real targets of EU’s efforts to fight tax evasion?

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s