Market-based approaches to take action and to raise ambition in LAC.

 

Climate Week is already here, and this time it will be held in Salvador de Bahía, Brazil (19 – 23 August). LACCW looks a progress in the regional climate action and discuss challenges and opportunities for climate action from a Latin American and Caribbean perspective.

There is an urgent need for the global community to act and to raise ambition on their mitigation ambitions in the spirit of the Paris Agreement on climate change. Paris Agreement Article 6, which allows Parties to cooperate in implementing their NDCs, is to contribute to this objective by establishing a new framework for using international carbon market mechanisms between Parties, to allow for higher ambition and to promote sustainable development and environmental integrity.

In LAC countries, there is growing momentum for using market-based approaches to meet climate targets as countries proceed with plans for implementation of their NDCs under the Paris Agreement. However, it is imperative that LAC countries be proactive, pursue climate actions and create opportunities that support its own NDC aspirations, while bringing much-needed carbon finance that can support sustainable development.

The session will discuss how the Article 6 approaches can be fully operationalized to ensure the transition of the market mechanisms from mere offsets to real and measurable contributions to SDGs that accelerate the implementation of the NDCs by showcasing successful practices of carbon pricing in LAC countries and to explore opportunities to extend the initiative to new jurisdictions by promoting countries efforts towards regional carbon markets.

Our Panelists:
Adriana Gutierrez, Consultant at Ministry of Environment of Colombia
Axel Michaelowa, Perspectives Climate Group
Lisa Lafferty, Climate Trust
Perumal Arumugam, UNFCCC
Tanguy de Bienassis, World Bank
Thiago de Araújo Mendes, Environmental Agency of the Federal District of Brazil (Brasília Ambiental)
Tomasz Chruszczow, High-Level Climate Champion for COP24 at Ministry of the Environment Poland

Moderator:
Alexis Leroy, ALLCOT Group

Tuesday August 20
13:30-14:25
Meeting Room:
ROOM  SDG 9 (SL50-T02)

This event is an opening to the UN 2019 Climate Summit. For more details please click here

Climate Change: how can Artificial Intelligence tackle it?

A paper called “Tackling Climate Change with Machine Learning” was recently published and discussed at a workshop during a major AI conference in June. This document shows how Artificial intelligent would help change the biggest challenge of our planet “Climate Change”

David Rolnick, one of the authors and a postdoctoral student said “It’s surprising how many problems machine learning can meaningfully contribute to.” CO2 removal, energy production, solar geoengineering, education and finances are some of the areas that machine learning can be deployed.

Here are three ways machine learning can help battle climate change:

Better climate models.

Predictions are important, and making them better can help officials make informed climate policy, allow society prepare for change, and uncover areas that could reverse some effects of climate change. All this push is builds on the work already done by climate informatics, a discipline created in 2011 that sits at the intersection of data science and climate science.

Showing the effects of extreme weather.

“Our goal is not to convince people climate change is real, it’s to get people who do believe it is real to do more about that,” said Victor Schmidt, a co-author of the paper.

Measuring where carbon is coming from.

Carbon Tracker an independent financial think-tank is working toward the UN goal of preventing new coal plants from being built by 2020.

By monitoring coal plant emissions with satellite imagery, Carbon Tracker can use the data it gathers to convince the finance industry that carbon plants are not profitable. “In the future, if a carbon tax passes, remote sensing Carbon Tracker’s could help put a price on emissions and pinpoint those responsible for it”.

Read more information HERE

Article written by JACKIE SNOW at www.nationalgeographic.com

Los animales fantásticos

Elias es un niño de 10 años. Es un chico valiente, curioso y fuerte. Le gusta la aventura.

Va de excursión a las montañas en los Cárpatos en Rumania.

Está en el bosque. Está oscuro, los árboles son grandes, extraños …

Y de repente oye hablar a los animales. Elías se acerca a ellos y les hablará. Son muy sospechosos.

Los animales le preguntan:

– ¿Eres un cazador?

– No, responde Elías. Fui de excursión para ver el bosque.

– ¿Estás contaminando el bosque?

– No, me gusta mucho la naturaleza.

– ¿Estás cortando los árboles?

– No, son bonitos y me encanta el bosque.

Los animales confían en Elias porque no es un cazador porque no quiere destruir el bosque y porque no contamina.

Los animales le piden a Elias que traiga una flor única en el mundo.

Es una flor mágica que elimina la contaminación, pero el problema es que un dragón de fuego la protege porque la flor es muy importante. La flor está en la cima de una gran montaña en Rumania.

Elias va a buscar la flor. Después de cinco horas de caminata, llega al pie de la montaña donde se encuentra la flor.

Elias sube a la montaña. Se encuentra frente al dragón y le pregunta si puede tomar la flor.

El dragón hace las mismas preguntas que los animales al niño.

El dragón ve que Elias quiere ayudar contra la contaminación y le da la flor.

Elias desciende de la montaña con la flor mágica y en su camino, toda la contaminación desaparece.

Los animales, el dragón, el bosque, todos son felices.
Elias Penca

Bucarest

Julio 2019

Informe UE ETS – Junio 2019

El carbono de la UE terminó junio con un 7,4% más que su nivel de cierre de mayo, impulsado principalmente por un fuerte aumento en la última semana del mes. Las elevadas temperaturas en toda Europa se combinaron con factores técnicos para desencadenar una oleada de compras.

El carbono ha promediado € 23,91 para el primer semestre del año, el mejor desempeño de seis meses desde al menos 2008.

The December 2019 contract closed the second quarter at €26.28 on ICE Futures, with monthly front-December screen volume of 314 million EUAs representing a nearly 9% drop in trading activity from the prior month.

El período intermedio del mes se caracterizó por la estabilidad de los precios, con un período entre el 10 de junio y el 21 de junio donde los precios se mantuvieron estables en un rango de 25 €. Gran parte de esto se debió a los diferenciales relativamente sin cambios en el sector de la energía, con la caída de los precios del gas manteniendo un freno a la generación de carbón.

Los participantes dijeron que todavía hay una serie de plantas de gas en Alemania que aún no se han sacado de las bolas de naftalina, mientras que algunas de las plantas de carbón siguen funcionando debido a los márgenes positivos u otros factores, como las minas de carbón vinculadas que deben mantenerse abiertas.

Al mismo tiempo, los compradores de EUA parecían contentarse con comprarlos cuando los precios bajaban a menos de 25 €, estableciendo así un límite para el mercado.

Sin embargo, hacia fines de mes, hubo intentos especulativos infructuosos de empujar los precios por debajo de este nivel, y la presión comenzó a acumularse. En la última semana de junio, las previsiones meteorológicas exigieron un período de temperaturas muy altas, lo que incrementó las posibilidades de que la generación de fósiles fuera solicitada para complementar la fuerte generación solar y eólica.

El fracaso de la subasta diaria del 25 de junio puede haber aumentado el sentimiento alcista en el corto plazo, pero los volúmenes perdidos se repartieron en las siguientes cuatro ventas, que incluirán las subastas del 1 al 2 de junio.

En consecuencia, el carbono se recuperó con fuerza al comienzo de la última semana, con los precios saltando a un máximo de dos meses de 27,48 euros el 26 de junio, con un volumen diario de diciembre que se elevó brevemente por encima de los 20 millones de EUA.

Sin embargo, la toma de ganancias al final del trimestre hizo brillar los precios más tarde en la semana, aunque el volumen semanal superó los 90 millones de EUA por primera vez desde mediados de abril.

El próximo mes ofrece una perspectiva mixta. Con el comienzo de la temporada de vacaciones de verano, podemos esperar una caída en la participación, pero cualquier período sostenido de altas temperaturas aumentará la demanda de generación de fósiles y puede respaldar los precios del carbono.

Los volúmenes de la subasta en julio aumentarán en un tercio a partir de junio, y esto puede actuar para deprimir los precios durante el mes. Sin embargo, contra esto, debemos sopesar la anticipación de la reducción anual del 50% en los volúmenes de ventas en agosto, lo que ha ayudado a aumentar los precios en cada agosto desde 2008. Los compradores de cumplimiento pueden estar buscando asegurar EUAs antes de sus vacaciones anuales, y esto puede actuar como soporte

Estudio: los humanos ingieren hasta 200.000 piezas de microplástico cada año

Un nuevo estudio publicado por Environmental Science and Technology dice que los humanos ingieren hasta 200.000 piezas de microplástico cada año. El estudio revisó la investigación existente sobre microplásticos en cerveza, sal, mariscos, azúcar, alcohol y miel.

Los impactos en la salud de la ingesta de microplásticos son desconocidos, pero podrían liberar sustancias tóxicas. Algunas piezas son lo suficientemente pequeñas para penetrar en los tejidos humanos, donde podrían desencadenar reacciones inmunitarias.

La contaminación microplástica se crea principalmente por la desintegración de la basura plástica y parece ser omnipresente en todo el planeta. Los investigadores encuentran microplásticos en todas partes; En el aire, el suelo, los ríos y los océanos más profundos del mundo.

La investigación, realizada por el Dr. Kieran Cox, es la primera en investigar y aproximar la ingesta de microplásticos por parte de los humanos.

Las preocupaciones de los microplásticos se extienden al medio ambiente. El estudio señaló que 12 mil millones de toneladas métricas de plástico estarán en vertederos y ecosistemas para el año 2050. En 2015, esta cantidad fue de 4.9 mil millones de toneladas métricas, relativamente más baja.

Puede leer el estudio completo aquí

Se insta a los líderes empresariales a establecer objetivos climáticos más ambiciosos en un esfuerzo por limitar el aumento de la temperatura global a 1,5 ° C

Una amplia coalición de líderes empresariales, de la sociedad civil y de la ONU lanzó una llamada a la acción para que las empresas privadas hagan su contribución crítica y necesaria para reducir las emisiones de gases de efecto invernadero y limitar los peores impactos del cambio climático.

En el período previo a la Cumbre sobre la Acción Climática ONU 2019, que se celebrará el 23 de septiembre en Nueva York, se desafía a los Directores Ejecutivos a establecer objetivos aún más ambiciosos para sus empresas de acuerdo con el informe del Panel Intergubernamental sobre el Clima (IPCC), lo que constituye un argumento convincente para limitar el aumento de la temperatura global a 1,5 ° C por encima de los niveles preindustriales.

La llamada a la acción se presenta en forma de una carta abierta dirigida a líderes empresariales y firmada por Lise Kingo y más de 20 líderes, entre ellos, su Excelencia María Fernanda Espinosa Garcés, Presidenta de la Asamblea General de las Naciones Unidas; Patricia Espinosa, Secretaria Ejecutiva del La Convención Marco de las Naciones Unidas sobre el Cambio Climático; Jayathma Wickramanayake, el Enviado del Secretario General de las Naciones Unidas para la Juventud y Paul Polman, ex Director Ejecutivo de Unilever.

La oportunidad económica que se presenta al tomar una acción climática audaz es significativa, ya que la evidencia sugiere que aquellas compañías alineadas con una trayectoria de 1.5 ° C estarán en la mejor posición para prosperar a medida que la economía global experimente una transición hacia un futuro cero en carbono para el 2050.

La llamada a la acción solicita a las empresas que establezcan objetivos verificables a través de la iniciativa Science Based Targets (SBTi), que evalúa de forma independiente los objetivos corporativos de reducción de emisiones en comparación con las mejores prácticas científicas, y hasta la fecha ha verificado los objetivos de más de 200 empresas.

En abril de 2019, el SBTi lanzó nuevos recursos de validación de objetivos para permitir a las empresas establecer objetivos consistentes con mantener el calentamiento a 1.5 ° C.

Ambitious business leaders who commit their companies to a 1.5°C-aligned target will be recognized at the UN Global Compact’s Private Sector Forum in New York on 23 September as part of the Climate Action Summit.

Puede leer la nota de prensa aquí

EU ETS Report – May 2019

European carbon prices ended the month on a weak note, closing down 5.1% at €24.46 on May 31. After the annual compliance cycle closed at the end of April, volatility and trading volume ebbed away amid the Easter break and other public holidays.

May’s high-low range was €2.93, the smallest since June 2018 and considerably narrower than April’s €6.85 range, reflecting a drop in compliance demand and a more-or-less stable merit order. Gas remained firmly in the money at the front end of the curve, though coal has begun to display a better margin in the calendar 2020 contract.

The weather has begun to shift towards summer season, bringing with it an improvement in solar and wind generation which has trimmed the demand for fossil generation. The result was that carbon became a “passenger”, driven by moves in gas prices and not showing much direction of its own.

Prompt TTF gas prices are at nearly three-year lows; the year-ahead contract rallied nearly €2/MWh in the first week of the month but gave up most of the gains over the rest of May. Calendar 2020 API2 coal continued its steady decline and reached a two-year low of $64/tonne by the end of the month.

There were attempts to move the market in either direction by short-term traders, but opportunistic buying by compliance entities and profit-taking by speculators kept the market rangebound.

Technical signals increasingly reflected a lacklustre market mood; the relative strength index steadily declined towards a neutral readout, while the Bollinger bands shrank to their narrowest since last August. Normally a narrowing of Bollinger bands presages a price breakout, but this did not take place in May.

The announcement by UK prime minister Theresa May on May 24 that she will resign in early June boosted expectations of a hard Brexit. Candidates to replace May are seen as more open to a no-deal Brexit in the event that the EU does not agree to renegotiate the withdrawal agreement.

While this development might be expected to increase the chances of a rapid sell-off of surplus UK allowances, analysts say that UK-based companies have had more time to make arrangements to “park” their EUAs in continental accounts, and therefore there is less chance of a rapid liquidation of the surplus.

The outlook for June is flat to bearish, according to market participants. A lack of hedging activity from the power sector is likely to cap demand, while buyers will be watching for price dips before entering the market.

The historical performance of prices in May, June and July is evenly split between increases and decreases, so much will depend on the actions of speculative traders. The selection process for a new Conservative leader in the UK will also add a note of uncertainty to the market.

86% of S&P 500 Index® Companies Publish Sustainability / Responsibility Reports in 2018

The Governance & Accountability Institute (G&A) research team determined that eighty-six percent (86%) of the companies in the S&P 500 Index® published sustainability or corporate responsibility reports in the year 2018.

This research effort marks G&A Institute’s eighth annual monitoring and analysis of sustainability responsibility reporting of the large-cap companies in the S&P 500 Index® — one of the most widely recognized barometers of the US economy and conditions for public companies in the capital markets. In charting reporting performance in prior years, G&A researchers found that:

-During the year 2011, just under 20% of S&P 500 companies reported on their sustainability, corporate social responsibility, ESG performance and related topics and issues;

-In 2012, 53% of S&P 500 companies were reporting — for the first time a majority of the S&P 500 Index (benchmark);

-By 2013, 72% were reporting — that is 7-out-of-10 of all companies in the popular benchmark;

-In 2014, 75% of the S&P 500 were publishing reports;

-In 2015, 81% of the total companies were reporting;

-In 2016, 82% signaled a steady embrace by large-cap companies of sustainability reporting;

-In 2017, the total rose slightly to 85% of companies reporting on ESG performance;

And for year 2018, the total inched up to 86% of S&P 500 companies reporting.

More information here

UN agency pushes forward on shipping emissions reduction

IMO’s Marine Environment Protection Committee (MEPC) pushed forward with a number of measures aimed at supporting the achievement of the objectives set out in the initial IMO strategy on reduction of greenhouse gas (GHG) emissions from ships, in line with the Paris Agreement under UNFCCC and the United Nations 2030 Agenda for Sustainable Development.

The MEPC 74 session (13-17 May) approved amendments to strengthen existing mandatory requirements for new ships to be more energy efficient; initiated the Fourth IMO GHG Study; adopted a resolution encouraging cooperation with ports to reduce emission from shipping; approved a procedure for the impact assessment of new measures proposed; agreed to establish a multi-donor trust fund for GHG; and agreed terms of reference for the sixth and seventh intersessional working groups to be held in November 2019 and in March 2020 respectively in order to expedite the work.

Also discussed were possible candidate short-term, mid- and long-term measures aiming at reducing GHG emissions from ships, to be further considered at next sessions.

Strengthening energy efficiency rules – draft amendments approved

The MEPC approved, for adoption at the next session in April 2020, amendments to MARPOL Annex VI to significantly strengthen the Energy Efficiency Design Index (EEDI) “phase 3” requirements.

The draft amendments bring forward the entry into effect date of phase 3 to 2022, from 2025, for several ship types, including gas carriers, general cargo ships and LNG carriers. This means that new ships built from that date must be significantly more energy efficient than the baseline.

For container ships, the EEDI reduction rate is enhanced, significantly for larger ship sizes, as follows:

-For a containership of 200,000 DWT and above, the EEDI reduction rate is set at 50% from 2022

-For a containership of 120,000 DWT and above but less than 200,000 DWT, 45% from 2022

-For a containership of 80,000 DWT and above but less than 120,000 DWT, 40% from 2022

-For a containership of 40,000 DWT and above but less than 80,000 DWT, 35% from 2022

-For a containership of 15,000 DWT and above but less than 40,000 DWT, 30% from 2022

More information here

UNEP report calls for more integrated approaches to sustainable infrastructure to achieve the 2030 Agenda

The UN Environment Programme (UNEP) released a report that calls for more integrated approaches to sustainable infrastructure to achieve the 2030 Agenda for Sustainable Development. The publication aims to motivate development planners to invest in governments’ technical and institutional capacity to apply integrated approaches.

The report titled, ‘Integrated Approaches to Sustainable Infrastructure,’ underscores the linkages between infrastructure and sustainable development, observing that infrastructure affects the environment-focused SDGs and underpins the socioeconomic SDGs.

According to the report, approximately 70% of greenhouse gases are linked to the construction and operation of infrastructure, and buildings alone are estimated to account for more than 30% of global resource consumption and energy end use. As a result, the achievement of environmental SDGs such as climate action (Goal 13), life below water and life on land (Goals 14 and 15, respectively) is inextricably linked to present and future infrastructure assets.

The report recommends three key actions to promote integrated approaches to infrastructure at a system scale:

-Increasing the visibility of the central role of infrastructure in the 2030 Agenda, and making integrated approaches to infrastructure a distinct item on the global policy agenda, also mobilizing the research community to demonstrate the benefits of upstream, macro-level, integrated infrastructure planning and providing data and information to support decision making;

-Identifying and addressing gaps in tools for integrated approaches, consolidating existing tools and providing guidance on the use of tools to support integrated approaches to infrastructure in different contexts; and

-Providing development planners and government officials with specialized knowledge and technical capacity to adapt and apply available tools and approaches to sustainable infrastructure in support of the 2030 Agenda.

You can download the report here