Climate business – Page 3

Fixing the NZ Emissions Trading Scheme is just flogging the dead horse

How fast shall we drive over the cliff Simon Johnson looks at ‘fix the ETS’ metaphors and argues that trying to incrementally ‘save’ or ‘fix’ the NZ Emissions Trading Scheme will ensure it remains ineffective in reducing domestic emissions for decades. Politically, its just flogging the dead horse. We don’t have time for a unending institutionalised cultural conflict over ‘fixing the NZETS’ like the one we have had for ‘fixing’ the Resource Management Act.

In my last post I used the metaphor or framing of ‘arguing over the gears while accelerating towards a cliff’ for the latest review of the New Zealand Emissions Trading Scheme.

Other commentators are using a very different framing for the review; that of ‘fixing the NZETS’. For me that raises some fundamental questions. What are the political advantages and disadvantages of the two framings? Where will each framing lead us? Which framing is more ‘science-informed’?

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New minister for Climate Change Paula Bennett confirms NZ uses ‘Hot Air’ creative accounting to meet emissions targets

New Zealand’s new Minister for Climate Change, Paula Bennett, has just confirmed New Zealand will be “carrying forward” 127 million “Hot Air” emissions units (or offsets) under Kyoto Protocol rules. These units mostly do not represent a tonne of carbon dioxide equivalent reduced somewhere else and yet the Government intends to use them to allow New Zealand’s greenhouse gas emissions to continue to increase.

On Thursday 17 December 2015, Ms Bennett released a statement stating that New Zealand had met its 2008 to 2012 Kyoto Protocol emissions reduction target and was well on the way to meeting the 2013 to 2020 target.

The Minister’s statement linked to four reports on the Ministry for the Environment’s website;

In two scathing posts last week, blogger No Right Turn assessed the dubious use of the Ukrainian and Russian units derived from — of all things — coal stockpile projects; Climate change: A policy based on fraud and Climate change: How bad is NZ’s climate fraud?.

My previous estimate of the amount of surplus units likely to be used was 86 million units. The reports confirm the number to be 127 million units. I did a back-of-envelope calculation to relate the numbers of units cancelled (to match 2008-2012 emissions) and the numbers left over as ‘surplus’ which may be carried forward.

The updated Latest update on New Zealand’s 2020 net position explicitly confirms that New Zealand is ‘re-using’ the surplus units in assessing compliance with the 2020 target of a 5% reduction in emissions from a 1990 gross emissions base. So we will ‘meet’ the 2020 target in spite of projected increases in both gross emissions and net emissions. Gross emissions in 2020 are estimated to be 83 million tonnes, or 24% higher than 1990’s 67 million. Net emissions in 2020 are estimated to be 59 million tonnes, or 24% higher than 1990’s 38 million tonnes.

Manipulating accounting rules like this — so that an adverse trend is systematically misrepresented is as its opposite, a positive trend — is the text-book definition of creative accounting. I agree with No Right Turn that this is another example of New Zealand’s completely unethical climate change policy.

Paris: winners and losers

Pillow diplomacy What can I add to the millions of words in dozens of languages that have already been written by the thousands of journalists and commentators around the Paris Agreement? We now have a globally binding agreement that really looks like it could curtail the use of a fuel that has been central to our way of life for more than 150 years.

Of course, if we’d managed to actually make deep cuts in emissions 25 years ago, getting governments to limit warming to 1.5 degrees would have been an awful prospect – who would want that much warming. When I started working on this, it might have been possible to have no warming at all.

And if industrialised countries had actually made deep cuts in emissions when they said they would, would we even be having an argument about equity? Hindsight is a wonderful thing, but let’s look forward here. What’s in this agreement?

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Will the Paris agreement side with the angels?

One of the most beautiful things I saw on my facebook feed last week were some angels at Republique, the scene of the attacks last month. Those same angels appeared at the entrance to the UN zone at the climate talks out at Le Bourget the other day as we walked into the centre. Today it was the Greenpeace polar bear, Aurora, roaring at everyone. But whatever is set up to amuse us on the way in, there’s no getting around it: we’re heading to the pointy end of the Paris agreement, and it’s no longer really about pictures. It’s all about words. The text.

I’ve been here a few times now: these last 48 hours at a climate talks where nobody gets any sleep, and everybody’s obsessed with the regular new rounds of the draft agreement.

We’ve been waiting all day: governments battled over words all night last night, and the French Environment Minister Fabius’s team started drafting a new version of the draft agreement early this morning.

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1.5 to stay alive: big issues for small countries as Paris climate talks get down to nitty gritty

Eiffelchairs I’ve been in Paris for over a week now, and the speed at which everything goes past, including time, is frightening. I think the 40,000 expected have now all arrived. I’m getting worried the only Eiffel Tower I’ll see is the one made of red folding chairs at the end of the “Champs Elysee” at the meeting.

We began last week with the Heads of State arriving and making grand statements about grandchildren, climate impacts, the importance of the issue, etc..

Arnold Schwarzenegger was here today, Richard Branson was here yesterday. We’ve had Leo Dicaprio, Sean Penn, Al Gore, Jane Goodall, Sylvia Earle: a veritable feast of celebrity and wisdom. Ben & Jerry’s are giving out free ice cream.

There’s been major announcements on progress from climate finance, to cities taking action, and absolutely everything and anything to do with climate change and workers, and indigenous peoples, and everything else under the sun. There’s a lot of noise, everyone trying to get their message heard. My quote of the day today was a journalist saying “my inbox is my enemy.”

Now we’re into the second week and the French Presidency is doing its best to keep this show on the road. After a week of officials fighting over the text, we saw the Draft Paris Outcome (note: not “agreement” but “outcome”) posted on the UNFCCC website on Saturday, and government ministers took over from officials on Sunday. Continue reading “1.5 to stay alive: big issues for small countries as Paris climate talks get down to nitty gritty”