In April 2015, Norway reached its goal of bringing 50,000 electric cars onto the streets – three years earlier than planned thanks to a generous scheme of incentives. Today more than 120,000 electric vehicles are driving on Norwegian roads. However, not every incentive works out as it should, so what the European Union can learn from the Scandinavian state?
A leading economist is warning that if the world does not take the action required by the Paris climate agreement, it will have to make a dangerously sudden adjustment 10-15 years from now which will have massive costs.
Shipowners and operators have told the UN’s International Maritime Organisation that the shipping industry should adopt an emissions reduction pledge like countries have done under the Paris climate agreement. It’s the first time the International Chamber of Shipping (ICS) has called for mandated reductions in shipping CO2, though it ruled out binding targets and didn’t suggest a concrete timeline of action.
The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week. Including shipping CO2 in the EU’s emissions trading system (ETS) or having the sector contribute to a climate compensation fund were the options on the table, they said.
While the International Civil Aviation Organisation (ICAO) continued its essential work to develop a global market-based mechanism to cut the sector’s emissions, by far the biggest highlight of 2015 was the Paris COP21 summit.
Last year I learned that the so-called 2030 ‘Effort Sharing Decision’ (ESD) for which the Commission will be making a proposal before Summer 2016, can be extremely important for reducing emissions in the transport sector.
The Paris ‘Conference of the Parties’ 21, the most important climate conference since the failed Copenhagen one of six years ago, is nearing an outcome. The dramatic 13 November events in the city has surely added grit to France’s determination to succeed, and has forged some unusual alliances. There is some hope that the spirit of togetherness – not just against terrorism but also to tackle that other global threat which the COP is about – will help in forging a transformative deal.