Signing the Paris climate deal was the easy part. We’re failing at the hard part.
There are two major levers the world can pull to slash the emissions driving climate change: enacting public policies and international agreements to accelerate the transition to clean energy, and funding the development of technologies that make it cheaper and easier to make that shift.
This week, we seem to be failing miserably at both.
International discord: Representatives from the nearly 200 nations that signed on to the landmark Paris climate accords have been meeting in Poland for the last two weeks, with the goal of finalizing rules for tracking and reporting efforts to meet emission reduction targets. But United Nations Secretary-General Antonio Guterres is pleading for countries to make greater sacrifices, amid fears the COP24 meeting “could collapse without an agreement on key issues,” the Associated Press reports.
Even if every country somehow did make good on its original pledges, global temperatures could still rise more than 3 ˚C, an outcome scientists have warned would be “catastrophic.”
In March, the Mission Innovation group that grew out of the agreement published a progress report, highlighting self-reported funding figures from participating nations like Brazil, China, India, and the United States.
At current rates, the countries are heading for around 75% growth in investments by 2021, according to an analysis by Colin Cunliff, a senior policy analyst at Information Technology and Innovation Foundation. That seems like real progress, though well short of the goal.
Don’t jibe: But Cunliff says there’s good reason to view those figures skeptically, since they’re self-reported, aren’t done in a consistent way, and don’t jibe with what several participating nations have reported elsewhere.
Consequently, he extrapolated from what he considers more reliable investment figures from the International Energy Agency, which has a number of overlapping member nations. That analysis found it’s more likely these nations will increase clean-energy R&D by a little more than 50% in five years, “a far cry from doubling,” he wrote in a blog post this week.
“The problem that Mission Innovation was created to address is more urgent than 3 years ago,” Cunliff said. “The current suite of clean technologies—even with future anticipated cost reductions—is insufficient to drive the significant levels of emissions reductions necessary to achieve a net-zero-carbon energy system.”