The Paris Agenda: Leave Fossil Fuels in the Ground, Auction Permits, Protect People | Mike Sandler
"Climate campaigners have adopted a slogan for the lead up to the
international climate change conference (COP-21) in Paris this December:
"Leave it in the ground."
"The UN's climate chief Christiana Figueres told the fossil fuel industry, "Three-quarters of the fossil fuel reserves need to stay in the ground."
How much can we afford to burn and stay under or at 2 degrees celsius change?
"...at the low end is McKibben's relatively risk-averse estimate of 565 gigatonnes
(GT) CO2."
"...Carbon Tracker put the number at 975 GT for an 80% probability of remaining below 2
degrees C."
"...(IPCC)'s proposed a budget of 1000 billion tonnes (Gt) of CO2... [for a]... 66% chance of avoiding 2 °C warming."
"But Kevin Anderson of the Tyndall Centre for Climate Change Research notes that
between 2011 and 2014 CO2 emissions from energy production amounted to
about 140 GT of CO2, and when he subtracts emissions from deforestation
and cement production through the year 2100 (60 Gt and 150 GT), then at
the current global rate of 35 GT per year, the remaining 650 GT would be
used up in just 19 years! This puts the climate talks in Paris in
perspective.
"There is no time for low initial national "contributions"
with "ratcheting up ambition" after 5 or 10 year review periods. The
entire carbon budget will be gone by 2034!"
The countries of the world have agreed to 2 degrees C, but they have yet to agree on an
approach to leaving the excess fossil fuels in the ground."
"The math is clear: there is a fossil fuel bubble. There is more coal and oil in the ground than we can safely burn. In this framing, the Paris climate conference is really an economic conference, perched on the brink of a market crash in the fossil fuel sector."
"Climate campaigners have adopted a slogan for the lead up to the
international climate change conference (COP-21) in Paris this December:
"Leave it in the ground."
"The UN's climate chief Christiana Figueres told the fossil fuel industry, "Three-quarters of the fossil fuel reserves need to stay in the ground."
How much can we afford to burn and stay under or at 2 degrees celsius change?
"...at the low end is McKibben's relatively risk-averse estimate of 565 gigatonnes
(GT) CO2."
"...Carbon Tracker put the number at 975 GT for an 80% probability of remaining below 2
degrees C."
"...(IPCC)'s proposed a budget of 1000 billion tonnes (Gt) of CO2... [for a]... 66% chance of avoiding 2 °C warming."
"But Kevin Anderson of the Tyndall Centre for Climate Change Research notes that
between 2011 and 2014 CO2 emissions from energy production amounted to
about 140 GT of CO2, and when he subtracts emissions from deforestation
and cement production through the year 2100 (60 Gt and 150 GT), then at
the current global rate of 35 GT per year, the remaining 650 GT would be
used up in just 19 years! This puts the climate talks in Paris in
perspective.
"There is no time for low initial national "contributions"
with "ratcheting up ambition" after 5 or 10 year review periods. The
entire carbon budget will be gone by 2034!"
The countries of the world have agreed to 2 degrees C, but they have yet to agree on an
approach to leaving the excess fossil fuels in the ground."
"The math is clear: there is a fossil fuel bubble. There is more coal and oil in the ground than we can safely burn. In this framing, the Paris climate conference is really an economic conference, perched on the brink of a market crash in the fossil fuel sector."
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