The Fort Worth Press - Lots of low- and no-cost ways to halt global warming

USD -
AED 3.673056
AFN 72.60167
ALL 87.697242
AMD 390.680378
ANG 1.802235
AOA 912.000249
ARS 1198.260635
AUD 1.577026
AWG 1.8025
AZN 1.69364
BAM 1.725551
BBD 2.020936
BDT 121.61262
BGN 1.726315
BHD 0.376919
BIF 2975.706805
BMD 1
BND 1.316958
BOB 6.916083
BRL 5.886897
BSD 1.00094
BTN 85.767726
BWP 13.806064
BYN 3.275501
BYR 19600
BZD 2.010508
CAD 1.39452
CDF 2874.99991
CHF 0.81756
CLF 0.025263
CLP 969.449854
CNY 7.34846
CNH 7.33171
COP 4351
CRC 505.714878
CUC 1
CUP 26.5
CVE 97.28392
CZK 22.133978
DJF 177.719761
DKK 6.59027
DOP 61.15922
DZD 132.668017
EGP 50.982298
ERN 15
ETB 132.530383
EUR 0.882615
FJD 2.29525
FKP 0.759054
GBP 0.754645
GEL 2.749732
GGP 0.759054
GHS 15.486415
GIP 0.759054
GMD 72.091133
GNF 8658.224047
GTQ 7.704168
GYD 209.370358
HKD 7.75687
HNL 25.853589
HRK 6.650303
HTG 131.231808
HUF 361.462175
IDR 16807.80372
ILS 3.694035
IMP 0.759054
INR 86.040769
IQD 1309.241503
IRR 42075.459556
ISK 127.742754
JEP 0.759054
JMD 158.014158
JOD 0.708966
JPY 142.683501
KES 129.64322
KGS 87.476633
KHR 3995.865461
KMF 433.124986
KPW 899.964411
KRW 1423.08398
KWD 0.306695
KYD 0.829462
KZT 517.756531
LAK 21634.222053
LBP 89850.096048
LKR 298.260729
LRD 199.817803
LSL 18.895463
LTL 2.95274
LVL 0.60489
LYD 5.539782
MAD 9.287418
MDL 17.633783
MGA 4539.674017
MKD 54.088199
MMK 2099.517749
MNT 3535.475321
MOP 7.987712
MRU 39.52503
MUR 44.66925
MVR 15.439635
MWK 1733.000261
MXN 20.12332
MYR 4.414562
MZN 63.818751
NAD 18.895463
NGN 1605.52968
NIO 36.76624
NOK 10.633065
NPR 137.729761
NZD 1.693996
OMR 0.384981
PAB 1
PEN 3.72656
PGK 4.12781
PHP 57.047826
PKR 280.425415
PLN 3.775019
PYG 8000.763962
QAR 3.639874
RON 4.382553
RSD 103.191063
RUB 82.252434
RWF 1416.424274
SAR 3.749834
SBD 8.499663
SCR 14.451838
SDG 600.259621
SEK 9.848985
SGD 1.31631
SHP 0.785843
SLE 22.750517
SLL 20969.483762
SOS 570.658119
SRD 36.737664
STD 20697.981008
SVC 8.750161
SYP 13001.858269
SZL 18.895463
THB 33.579294
TJS 10.868856
TMT 3.497727
TND 2.998031
TOP 2.404719
TRY 38.112765
TTD 6.789611
TWD 32.370631
TZS 2664.751019
UAH 41.342909
UGX 3667.122708
UYU 42.673388
UZS 12954.403222
VES 78.252633
VND 25794.219208
VUV 122.801621
WST 2.806397
XAF 577.499982
XAG 0.030902
XAU 0.000306
XCD 2.706134
XDR 0.73879
XOF 577.499982
XPF 105.058836
YER 245.377193
ZAR 19.053105
ZMK 9001.201203
ZMW 28.306195
ZWL 321.999592
  • RBGPF

    63.5900

    63.59

    +100%

  • CMSD

    -0.0300

    21.88

    -0.14%

  • SCS

    -0.2800

    9.95

    -2.81%

  • RELX

    1.3900

    51.51

    +2.7%

  • NGG

    1.5900

    70.98

    +2.24%

  • GSK

    0.4000

    35.68

    +1.12%

  • RIO

    0.2500

    57.26

    +0.44%

  • CMSC

    -0.0100

    21.8

    -0.05%

  • AZN

    -0.1400

    67.87

    -0.21%

  • RYCEF

    -0.0600

    9.64

    -0.62%

  • VOD

    0.1500

    9.11

    +1.65%

  • BTI

    0.3100

    42.32

    +0.73%

  • BCE

    -0.4100

    21.24

    -1.93%

  • JRI

    0.2735

    12.27

    +2.23%

  • BCC

    -1.0400

    93.87

    -1.11%

  • BP

    0.3000

    27.21

    +1.1%

Lots of low- and no-cost ways to halt global warming
Lots of low- and no-cost ways to halt global warming

Lots of low- and no-cost ways to halt global warming

Not only do we have the tools to slash emissions and curb global warming by 2030, but half of available carbon-cutting options are cost-free or very cheap, UN climate experts say.

Text size:

There is no silver bullet, but a mosaic of actions -- from ramping up solar and wind technology, to economy-wide energy efficiencies -- were identified by the UN's Intergovernmental Panel on Climate Change (IPCC) as low hanging fruit.

The IPCC said humanity has less than three years to halt the rise of planet-warming carbon emissions, and less than a decade to slash them by 43 percent from 2019 levels to give us a shot at capping global warming at 1.5 degrees Celsius.

But current policies support continued fossil fuel use and are taking the world in the wrong direction, the IPCC said, in a flagship report on how to avoid catastrophic warming, published on Monday.

Despite the tight timeline, the IPCC said the existing carbon-cutting potential across sectors "is sufficient to reduce global greenhouse gas emissions to half of the current level or less".

While this requires taking action across a wide range of options, the report said that measures that are low-cost "make up more than half of this potential and are available for all sectors".

"The market benefits of some options exceed their costs," it added.

- Wind and solar -

In 2019, total emissions were 59 billion tonnes, or gigatonnes, of CO2 or its equivalent in other greenhouse gases.

The range of options identified would enable a reduction in emissions of 31 to 44 gigatonnes by 2030.

There are four key areas where the total potential for carbon reduction is highest between now and the end of the decade -- solar and wind energy, reductions in deforestation, and restoration of forests and other ecosystems.

Of those, solar and wind are also among the cheapest options available thanks to the steep drop in the unit costs of these technologies -- down 85 and 55 percent respectively between 2010 and 2019, according to the report.

This "demonstrates that with the right policy incentives and economic frameworks, climate change mitigation can be financed at scale and relatively quickly," said Michael Wilkins, head of the Centre For Climate Finance And Investment at Imperial College Business School.

More investment in solar could see an emissions reduction of between two and seven gigatonnes of CO2 equivalent by 2030. Wind energy could save between 2.1 and 5.6 gigatonnes.

Most of that potential, according to the report, would have essentially negative lifetime costs because they are cheaper than fossil fuel alternatives.

The reduction of methane emissions in the production of fossil energies is also mostly low cost.

Other energy generation options have a lower overall potential, with a higher cost, such as nuclear power and hydroelectricity.

- Food and forests -

Protecting and restoring natural habitats is the second most significant area for reducing CO2 emissions.

Forests are crucial for absorbing CO2 generated by human activities, and the IPCC found that limiting deforestation and the destruction of grasslands could reduce net emissions between three and almost eight gigatonnes, largely at a low cost.

Restoring these types of ecosystems would save one to five gigatonnes. But action in this category would be at the more expensive end of the range considered by the IPCC.

Shifting to "sustainable" diets and reducing waste food could save more than two gigatonnes, the IPCC said, but it did not give a cost estimate because of wide global variability and a lack of data.

- 'Fair balance' -

The transport sector is notable for the fact that no single option has a particularly large potential to reduce emissions.

But almost all of the potential measures -- switching to public transport and bicycles, fuel efficiency in road vehicles, shipping and aviation -- are associated with negative costs.

In the construction sector, reduction in energy demand and efficiencies in things like lighting are seen as the lowest cost options, albeit with limited potential.

The construction of new highly energy efficient buildings have the greatest potential (between less than one and more than two gigatonnes), although costs are towards the higher end.

In industry, meanwhile, most of the options -- beyond improving energy efficiency and cutting other greenhouse gas emissions -- are associated with higher costs.

But the sector still has significant potential for reducing emissions, in particular the switch to less carbon-intensive energy sources.

"The costs of climate protection are economically absolutely feasible when examined on a global scale and over generations," said Elmar Kriegler, of the Potsdam Institute for Climate Impact Research, who was one of the IPCC authors.

But, he said, costs vary significantly from region to region, with developing countries facing a relatively higher price tag to move away from fossil fuels.

"That is why a fair balance is crucial, not only within individual countries but also internationally. Because one thing is clear: The benefits of climate protection clearly exceed its costs," he added.

L.Davila--TFWP