Insurance companies vs Oil?
In response to the close of COP22, Manuel Pulgar-Vidal, leader of WWF International’s Climate & Energy Practice, issued the following statement:
“The UN climate talks continue to be filled with twists and turns, but they have delivered what they needed to this week – putting substance behind the promise of the Paris Agreement so it can be fully implemented. The Marrakech work has not been the most glamorous, but it’s a key step in the chain reaction needed to roll out the agreement.
HFCs, used mainly in air conditioners, insulants and refrigeration equipment, are the fastest growing greenhouse gases in many countries. The agreement to limit their growth — and rapidly transition to climate-friendly alternatives — will help avoid warming by up to 0.5°C by the end of this century. It will also increase chances of meeting the objective of limiting the global temperature increase to 1.5°C as outlined in the Paris Agreement.
Hopes for the early entry into force of the universal climate Paris Agreement will be boosted this week with a special meeting at the UN on 21 September where at least 20 countries are expected to announce they have ratified the agreement, and others will commit to ratifying it before the end of 2016.
The agreement requires 55 member countries representing 55 per cent of global greenhouse gas emissions to ratify it before it can enter into force. In an unprecedented show of political will, more than 175 countries signed the agreement in April and more than 29 countries representing around 40 per cent of global emissions have ratified it to date.
Commenting on this, Regine Guenther, interim leader of WWF International’s Climate and Energy Practice said all actions which escalated climate action were welcome and necessary.
A host of innovations in energy technology is transforming the climate-change outlook – one of the world’s three required paradigm shifts.
Heatwaves of more than 50⁰C in Iraq and India in recent weeks are yet further indications that climate disruption is a present-day reality, not something for the future that the world can respond to at leisure. They come in the wake of many months of increasing global temperatures and successively escalating years: 2014 the warmest on record, 2015 exceeding that, and 2016 confidently expected to be even higher (see “The climate pioneers: look south”, 22 June 2016)