Even a modest rise in temperatures could put at risk 1.8% of the world’s financial assets if the global economy does not move away from carbon-emitting infrastructure, according to a new study from the London School of Economics (LSE). Another body that monitors the impact of climate change on the global economy says the model used to arrive at this figure has been too generous and the situation could be much worse.
A controversy is growing in Germany about future funding mechanisms for building and maintaining roads. The federal government and the 16 state governments are looking at new financing options involving the private sector, but T&E’s member VCD has criticised the direction in which the discussions are going, saying they take no account of the need to fight climate change and changing transport trends.
A consortium of car makers, oil companies and biofuels producers (the Auto Fuel Coalition) have wrongly claimed existing policies are almost sufficient to tackle transport emissions. The coalition report produced by German consultancy Roland Berger examined the measures needed to achieve CO2 reductions in the transport sector by 2030. In this briefing T&E outlines how that study makes a number of grossly incorrect assumptions that lead to hugely exaggerated estimates of the effectiveness of current rules.
The EU’s failure to push for a ban on the use by ships of heavy fuel oil (HFO), a toxic pollutant, when operating in the Arctic is a major cause of concern, a group of eight environmental NGOs has said. However, they welcomed the European Commission’s focus on climate mitigation and adaptation strategies and on protecting the environment in its new Arctic strategy.
Today’s claim by Shell and carmakers that current climate policies virtually complete the job of tackling transport emissions is wishful thinking, an analysis by green transport group Transport & Environment shows. The Auto Fuel Coalition of carmakers, oil companies and biofuels producers published a 2030 CO2 estimate of the effect of existing climate policies that is 20% below the European Commission’s own reference scenario.
The Effort Sharing Decision covers close to 60% of all greenhouse gas emissions in the EU. It is the EU’s carbon budget for the transport, building and agriculture sectors, among other smaller sectors. It is critical that the 2030 ESD delivers real-world GHG reductions of at least 30%. However, it is equally important to transform the current ESD into an instrument that is “Paris proof”. The review of the 2030 ESD provides a unique opportunity to lay the foundation of a climate governance regime that is robust enough to accommodate the increased ambition the Paris agreement requires. This briefing discusses five new ideas to improve ESD governance.
The ICAO standard for new aircraft was agreed in February 2016. The purpose of the standard is to see manufacturers produce aircraft with lower CO2 emissions than would have been the case without the standard. Regrettably that is not going to happen. The measure comes too late and the stringency is too weak. In addition the standard will not impact the plans of Airbus and Boeing whose aircraft combined account for over 90% of aviation emissions. A last minute addition means that both manufacturers can continue producing less fuel efficient aircraft until 2028 or even longer. Europe should call immediately for the standard to be revised or reject it outright.
Using biodiesel for transport was supposed to reduce CO2 emissions but instead it’s set to increase Europe’s overall transport emissions by almost 4%, according to a new analysis of the European Commission’s latest study on biofuels. These extra emissions are equivalent to putting around 12 million additional cars on Europe’s roads in 2020, the analysis by green group Transport & Environment (T&E) finds. This analysis takes into account the 7% cap on the contribution of biofuels produced from food crops.
Europe is starting to consider what its energy policy for transport should be for the 2020-2030 period and especially what it should do with biofuels as part of that. Following its reform of EU biofuel policy to take account of ILUC, the European Commission decided more research on land-use change emissions was needed. The result is the so-called Globiom report, which calculates land-use change (LUC) emissions resulting from additional demand for biofuels in Europe.
The shipping sector’s response to the Paris climate agreement was left in disarray after governments attending a meeting of the International Maritime Organisation (IMO) today were unable to even agree on a work plan to develop a ‘fair share’ contribution to the goal of limiting temperature increases to 1.5/2°C. The IMO could only manage to kick the can down the road to its next meeting in October.