Developed World Must Agree to Greater Emission Reductions – 40 per cent cuts by 2020, experts say
BONN, Jun 20, 2011 (IPS)
If we’re lucky, by the time a tough but fair international treaty to meet the climate change challenge is finalised, it will be largely unnecessary. The snail’s pace of negotiations certainly gives countries plenty of time to understand the financial, social and environmental advantages of kicking their dangerous addiction to fossil fuels.
That may be a cynical optimist’s hope, but the European Union is already moving in that direction.
Climate change is now seen as an opportunity to deal with the economic downturn in Europe,” said Jürgen Lefevere, a European Commission negotiator at the United Nations Framework Convention on Climate Change (UNFCCC) negotiating session that ended late Friday in Bonn.
“It is no longer just an environmental issue for us,” Lefevere said at a final press conference.
China also understands the opportunity.
Renewable energy sources like wind and solar now account for 11.4 percent of China’s electricity, and that figure will be 20 percent by 2020, says Liu Qiang, a researcher at the Energy Research Institute of the National Development Reform Commission, China.
“China takes this very seriously,” Qiang said, noting that there are significant investments and research in smarter electrical grids and energy storage in China. Continue reading