Global Infrastructure Review’s Post

Can our industries continue to operate without relying on coal and steel? Is it possible to do so sustainably, or have they already acknowledged that their past behaviours contributed to the current climate crisis? If you would like to read more, give it a chance!

👉 Global revenues from the sale of carbon permits in emissions trading systems reached a record $74 billion in the previous year. 👉 This increase reflects a growing trend among governments to use emissions trading schemes as a tool to address global warming. #CarbonTradingSuccess #ClimateAction #EmissionsTradingExpansion #GlobalWarmingSolutions #RecordRevenues #GreenPolicy #CarbonPermits #EmissionsTrading #ClimateActionNow #GlobalWarmingResponse #RecordRevenue #SustainablePolicy #EUETS

The estimate by the Canadian Climate Institute shows that Canada’s emissions are now 8 per cent lower than 2005 levels

"Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal". Governments and corporations keep pushing the narrative that we need to phase-out coal, oil and gas while burning more than ever fossil fuels, and they call it "sustainable development". The thing is, we know who they are, and public access to information and databases such as Carbon Majors <https://lnkd.in/dyMwWHpt> are more relevant than ever for debates on responsibility, reparation, and just transition. https://lnkd.in/dNjdAde6

https://lnkd.in/dFeqyd6u #emission #trading #system #global #warming Global revenues from the sale of carbon permits in emissions trading systems (ETS) grew to a record $74 billion last year, as governments increasingly turn to such schemes to help tackle global warming. The $74 billion raised from permit auctions in 2023 was up from $64 billion in 2022

Do take a moment to check out this fascinating series on super polluters from Context Newsroom. As well as Jack's story, there are rich, deep-dives into the two of the most polluting coal-fired power plants in India and Poland. They are worth your time so head over to https://www.context.news/ for more

Scientists who have been warning for at least a decade that global heating must be capped at 1.5C now say they expect Earth to warm to 2.5C. The reason is simple: Governments have not listened to the science, and have allowed fossil fuel companies to continue to expand their production. This leads, inevitably, to increased greenhouse gas emissions (which are still setting records, year on year). I'm constantly being told to be realistic, that the world can't just "ditch fossil fuels tomorrow". And that's true. But it's also a falacy: if governments had started implementing their legal obligation to reduce emissions back in 2015, the year of the Paris Agreement, we wouldn't be so drastically behind schedule. If you wish (and the "if" is apt, here) to solve a problem the first thing you have to do is Stop Making It Worse. While emissions must fall each and every year, they are rising. While oil and gas projects must be mothballed, they are proliferating. The hyperfocus on 1.5C is its own availability cascade. Words such as "despair" and "grief" at missing our own target are valid. But they only serve polluting industries that are banking on our collective inability to sustain a sense of purpose once the guiding goal has been missed. We won't cap warming at 1.5C, but that doesn't mean we shouldn't mobilise every resource we have to limit it as much as we can. Every 0.01C matters. https://lnkd.in/dPcm7KiU

American produce natural gas - is likely the cleanest, safest, and puts American Citizens to work and permits the export of soft power to help our allies. When gas is used, it produces water vapor and carbon dioxide. #methane This energy source also provides baseload power and could provide stable power for remote areas. https://lnkd.in/eM4BTpfb

About their climate inaction, if nationalists conservatives leaders around the world could listen their country citizens who believe in Science and are not under fossilized lobbies influence 🙏 The poll questioned 75,000 people in countries representing almost 90% of the global population. It found a large majority (80%) wanted their countries to strengthen their climate change commitments, with only 5% saying their country should weaken its action. Even more – 86% – wanted to see their countries set aside geopolitical differences and work together on climate change. Steiner said this level of consensus was “stunning”, given the increase in conflict and the rise of nationalism around the world. “There can be no doubt that citizens across the world are saying to their leaders, you have to act and, above all, have to act faster,” he said. “This is an issue that almost everyone, everywhere, can agree on.” Steiner said some fossil fuel nations would have to go through “existential shifts”. “There are very narrow, self-interested agendas that maintain artificially inflated [profits] for fossil-fuel-based industries that ultimately are coming at the cost of everyone,” he said. “Hundreds of billions of dollars of fossil fuel subsidies are artificially slowing down an energy transition – [it] is deliberately being held back by a distorted market. “But we are definitely peaking on fossil fuels and we are seeing exponential growth rates in renewables and what the public ultimately wants is unquestionably pointing in the direction of a net zero transition.” https://lnkd.in/dTsEjU2F

85% of countries support a rapid transition to clean energy A significant majority of people worldwide want their countries to switch to clean energy as quickly as possible to combat the climate crisis. According to the United Nation's second Peoples' Climate Vote, which surveyed over 73,000 people across 77 countries, 85% of respondents support a swift transition away from fossil fuels. This includes a majority in the world's top 10 oil, gas, and coal-producing countries. Read on at https://lnkd.in/ediSgZJX