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We Mean Business release detailed wording of policy asks for ambitious, new climate agreement at COP21

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In a briefing sent today to key negotiators at the forthcoming UN Climate Summit in Paris, We Mean Business (WMB) sets out eight key text proposals that the business community is calling to be included in a new, ambitious global climate agreement. WMB hope to work with governments to turn the Paris agreement from a diplomatic settlement between countries into a catalytic instrument for the real economy.

The text proposals, the first ever of their kind, form part of a comprehensive business briefing of the new climate agreement compiled by WMB. They were launched today at a We Mean Business/Institutional Investors Group on Climate Change (IIGCC) briefing hosted by the Grantham Institute on Climate Change and the Environment at the London School of Economics where institutional investors and business experts on climate change set out what they expect from Paris.

Launching the proposed policy asks on behalf of We Mean Business, Mark Kenber, chief executive of The Climate Group said: “While climate change is one of the greatest risks we face, tackling it is also one of our biggest economic opportunities. Businesses are already coming together to find innovative ways not only to reduce carbon emissions but also to create new jobs and secure sustainable economic growth at the same time.

“But to go further, business needs the right government policies in place. We Mean Business has today revealed how we can hard-wire those sorely needed policies into the new climate change agreement. We stand ready to work with the UN and both national and local governments to deliver on our promise to future generations that we will keep climate change in check. We look forward to the negotiators responding positively to our proposals.”

Ahead of the COP21 UN climate negotiations in Paris this year, both the UNFCCC and the French Government have welcomed business and investor involvement in the process, as many of the game-changing low carbon technologies will have to be led by them. The companies and organisations united by WMB have taken up this invitation and come to the table not only with their own actions to reduce emissions but with clear policy asks and proposals that will enable the world to do so.

The detailed preferred text to each proposal is included as an appendix to this release along with the We Mean Business letter to negotiators. The full business brief carried out by WMB which includes fall-back positions for each of the preferred text proposals can be viewed here.

The specific policy asks proposed today by WMB would give effect to the following areas where business has asked policymakers to help the private sector go further, faster:

– Increasing the level of urgency and ambition in government action to stabilise global emissions before the end of this decade

– Continuing to implement domestic policies through to 2030 that support bold business action to cut emissions, including:

– Eliminating subsidies that incentivise high-carbon energy

– Enacting meaningful pricing of carbon

– Ending deforestation

– Putting in place robust energy efficiency standards

– Supporting for scale-up of renewable energy

– Ensuring that all policy regimes dealing with fiscal, energy, industry and trade related issues provide actionable incentives for an early transition to a low carbon future

– Establishing a clear long-term global goal that provides the necessary direction to decision makers, such as (net) zero emissions well before the end of the century;

– Enhance existing mechanisms by which we improve transparency and accountability in monitoring climate ambition and action, and ensure a stable and predictable low carbon investment environment;

– Continuing to scale up public finance to support resilience-building and accelerate low carbon investment by the private sector

The transition to a low carbon economy is the only way to secure sustainable economic growth and prosperity for all. To reduce this risk, companies need to find new ways of doing business. The sooner this is accomplished, the less disruptive and more cost-effective the transition will be.

Steve Howard, Chief Sustainability Officer at IKEA said: “Companies have the potential to unleash a wave of innovation and investment in low carbon technologies, creating new products and services, and generating growth and jobs. To achieve this, the world needs to have the right policies in place. Policies that help scale clean energy, drive energy efficiency and conserve natural resources and send the right price signals to make every investment a low carbon investment. This is precisely what the We Mean Business proposals aim to do.”

Economy

Will Self-Driving Cars Be Better for the Environment?

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self-driving cars for green environment
Shutterstock Licensed Photo - By Zapp2Photo | https://www.shutterstock.com/g/zapp2photo

Technologists, engineers, lawmakers, and the general public have been excitedly debating about the merits of self-driving cars for the past several years, as companies like Waymo and Uber race to get the first fully autonomous vehicles on the market. Largely, the concerns have been about safety and ethics; is a self-driving car really capable of eliminating the human errors responsible for the majority of vehicular accidents? And if so, who’s responsible for programming life-or-death decisions, and who’s held liable in the event of an accident?

But while these questions continue being debated, protecting people on an individual level, it’s worth posing a different question: how will self-driving cars impact the environment?

The Big Picture

The Department of Energy attempted to answer this question in clear terms, using scientific research and existing data sets to project the short-term and long-term environmental impact that self-driving vehicles could have. Its findings? The emergence of self-driving vehicles could essentially go either way; it could reduce energy consumption in transportation by as much as 90 percent, or increase it by more than 200 percent.

That’s a margin of error so wide it might as well be a total guess, but there are too many unknown variables to form a solid conclusion. There are many ways autonomous vehicles could influence our energy consumption and environmental impact, and they could go well or poorly, depending on how they’re adopted.

Driver Reduction?

One of the big selling points of autonomous vehicles is their capacity to reduce the total number of vehicles—and human drivers—on the road. If you’re able to carpool to work in a self-driving vehicle, or rely on autonomous public transportation, you’ll spend far less time, money, and energy on your own car. The convenience and efficiency of autonomous vehicles would therefore reduce the total miles driven, and significantly reduce carbon emissions.

There’s a flip side to this argument, however. If autonomous vehicles are far more convenient and less expensive than previous means of travel, it could be an incentive for people to travel more frequently, or drive to more destinations they’d otherwise avoid. In this case, the total miles driven could actually increase with the rise of self-driving cars.

As an added consideration, the increase or decrease in drivers on the road could result in more or fewer vehicle collisions, respectively—especially in the early days of autonomous vehicle adoption, when so many human drivers are still on the road. Car accident injury cases, therefore, would become far more complicated, and the roads could be temporarily less safe.

Deadheading

Deadheading is a term used in trucking and ridesharing to refer to miles driven with an empty load. Assume for a moment that there’s a fleet of self-driving vehicles available to pick people up and carry them to their destinations. It’s a convenient service, but by necessity, these vehicles will spend at least some of their time driving without passengers, whether it’s spent waiting to pick someone up or en route to their location. The increase in miles from deadheading could nullify the potential benefits of people driving fewer total miles, or add to the damage done by their increased mileage.

Make and Model of Car

Much will also depend on the types of cars equipped to be self-driving. For example, Waymo recently launched a wave of self-driving hybrid minivans, capable of getting far better mileage than a gas-only vehicle. If the majority of self-driving cars are electric or hybrids, the environmental impact will be much lower than if they’re converted from existing vehicles. Good emissions ratings are also important here.

On the other hand, the increased demand for autonomous vehicles could put more pressure on factory production, and make older cars obsolete. In that case, the gas mileage savings could be counteracted by the increased environmental impact of factory production.

The Bottom Line

Right now, there are too many unanswered questions to make a confident determination whether self-driving vehicles will help or harm the environment. Will we start driving more, or less? How will they handle dead time? What kind of models are going to be on the road?

Engineers and the general public are in complete control of how this develops in the near future. Hopefully, we’ll be able to see all the safety benefits of having autonomous vehicles on the road, but without any of the extra environmental impact to deal with.

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Economy

New Zealand to Switch to Fully Renewable Energy by 2035

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renewable energy policy
Shutterstock Licensed Photo - By Eviart / https://www.shutterstock.com/g/adrian825

New Zealand’s prime minister-elect Jacinda Ardern is already taking steps towards reducing the country’s carbon footprint. She signed a coalition deal with NZ First in October, aiming to generate 100% of the country’s energy from renewable sources by 2035.

New Zealand is already one of the greenest countries in the world, sourcing over 80% of its energy for its 4.7 million people from renewable resources like hydroelectric, geothermal and wind. The majority of its electricity comes from hydro-power, which generated 60% of the country’s energy in 2016. Last winter, renewable generation peaked at 93%.

Now, Ardern is taking on the challenge of eliminating New Zealand’s remaining use of fossil fuels. One of the biggest obstacles will be filling in the gap left by hydropower sources during dry conditions. When lake levels drop, the country relies on gas and coal to provide energy. Eliminating fossil fuels will require finding an alternative source to avoid spikes in energy costs during droughts.

Business NZ’s executive director John Carnegie told Bloomberg he believes Ardern needs to balance her goals with affordability, stating, “It’s completely appropriate to have a focus on reducing carbon emissions, but there needs to be an open and transparent public conversation about the policies and how they are delivered.”

The coalition deal outlined a few steps towards achieving this, including investing more in solar, which currently only provides 0.1% of the country’s energy. Ardern’s plans also include switching the electricity grid to renewable energy, investing more funds into rail transport, and switching all government vehicles to green fuel within a decade.

Zero net emissions by 2050

Beyond powering the country’s electricity grid with 100% green energy, Ardern also wants to reach zero net emissions by 2050. This ambitious goal is very much in line with her focus on climate change throughout the course of her campaign. Environmental issues were one of her top priorities from the start, which increased her appeal with young voters and helped her become one of the youngest world leaders at only 37.

Reaching zero net emissions would require overcoming challenging issues like eliminating fossil fuels in vehicles. Ardern hasn’t outlined a plan for reaching this goal, but has suggested creating an independent commission to aid in the transition to a lower carbon economy.

She also set a goal of doubling the number of trees the country plants per year to 100 million, a goal she says is “absolutely achievable” using land that is marginal for farming animals.

Greenpeace New Zealand climate and energy campaigner Amanda Larsson believes that phasing out fossil fuels should be a priority for the new prime minister. She says that in order to reach zero net emissions, Ardern “must prioritize closing down coal, putting a moratorium on new fossil fuel plants, building more wind infrastructure, and opening the playing field for household and community solar.”

A worldwide shift to renewable energy

Addressing climate change is becoming more of a priority around the world and many governments are assessing how they can reduce their reliance on fossil fuels and switch to environmentally-friendly energy sources. Sustainable energy is becoming an increasingly profitable industry, giving companies more of an incentive to invest.

Ardern isn’t alone in her climate concerns, as other prominent world leaders like Justin Trudeau and Emmanuel Macron have made renewable energy a focus of their campaigns. She isn’t the first to set ambitious goals, either. Sweden and Norway share New Zealand’s goal of net zero emissions by 2045 and 2030, respectively.

Scotland already sources more than half of its electricity from renewable sources and aims to fully transition by 2020, while France announced plans in September to stop fossil fuel production by 2040. This would make it the first country to do so, and the first to end the sale of gasoline and diesel vehicles.

Many parts of the world still rely heavily on coal, but if these countries are successful in phasing out fossil fuels and transitioning to renewable resources, it could serve as a turning point. As other world leaders see that switching to sustainable energy is possible – and profitable – it could be the start of a worldwide shift towards environmentally-friendly energy.

Sources: https://www.bloomberg.com/news/articles/2017-11-06/green-dream-risks-energy-security-as-kiwis-aim-for-zero-carbon

https://www.reuters.com/article/us-france-hydrocarbons/france-plans-to-end-oil-and-gas-production-by-2040-idUSKCN1BH1AQ

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