This 2014 report is available here.
The EU has just announced an agreement to reduce carbon emissions by 40% by 2030, which is a welcome step. In line with our recent Mark Carney post, could the EU start thinking about making commitments to leaving a ‘reasonable’ proportion of fossil fuels in the ground?
In recent years, it seems that the focus of discussions about how to tackle climate chance has moved from talking about ‘reducing carbon emissions’ to one about the need to leave fossil fuels in the ground. It’s good to see that a leading financial figure, Mark Carney, the governor of the Bank of England, has recognised this issue and is bringing it to the attention of the financial community. In the context of stranded assets for companies such as ExxonMobil, he has been saying that the vast majority of oil deposits should be considered “unburnable” if the world wants to avoid catastrophic climate change.
A new report ‘Tackling Climate Change’ was released on September 23, 2014. It was authored by a team of climate experts, chaired by Sir Bob Watson, on how to limit climate change to 2 degrees C. There is a link here to the site, and the pdf.
In August, WHO had it’s first ever conference looking at the health impacts of climate change – see details here.