IMMEDIATE OUTCOME OF THE PARIS CLIMATE CONFERENCE

The COP21 agreement has limitation in many important ways. The carbon-cutting commitments submitted by 186 of the 195 nations fall short of keeping global warming at lower level. There are insufficient commitments of financial help to mitigate and adapt to climate change. Everyone will agree that COP21 created just a platform and I can see three positive and immediate outcomes.

First Paris has clearly marginalizes climate change denial attitude and frankly everyone recognizes that we are assisting to a major shift in climate. This is a breakthrough of over twenty year of diplomatic impasse. It will be impossible now for any respectable State or Institutions to claim that there is no issue with Climate change.

Second COP21 contains unprecedented obligations for rich and poor nations alike, and ranks as the first-ever universal acknowledgement of a problem that needs to be resolved by all of us without further delay.

Third COP21 may act as a triggering mechanism for venture capitalists, hedge funds and other Private Equity groups to start to invest in large numbers in industries and innovations that need financial support to explode and offer viable alternatives. The Bill Gates initiative is a great start and we can expect a new array of investment in Cleantech with existing or innovative technology in the months and years to come.

The Renewable Energy Transformation is getting a major momentum. Renewable energy took center stage in the "renewable energy track." Numerous events were held, culminating with Energy Day on December 7. Renewable energy technologies offer a viable solution to carbon emissions. With the launch of Mission Innovation the world recognizes that “accelerating widespread clean energy innovation is an indispensable part of an effective, long-term global response to our shared climate challenge; necessary to provide affordable and reliable energy for everyone and to promote economic growth; and critical for energy security."

The Breakthrough Energy Coalition launched by Bill Gates is also a catalyst for innovation and could fuel a lot of new and alternative technologies through investment in public and private research for developing the technologies of tomorrow. All these initiatives will contribute to accelerating the clean energy revolution. This movement and the expected influx in capital could contribute to the development of geothermal, tidal and marine power and new system design for enabling 100% renewable energy.

In addition this could also change the mentality of Administration around the world to allow existing technologies to achieve the scale of CO2 reductions needed to address climate change. A very important aspect of the conversation to come after COP21 is that technologies exist that can resolve the current problem we are facing. A frequent misconception is that new technologies are not necessary to resolve our current C02 crisis. We just need to apply what we have and implement new plans to resolve the problems. In a perfect world Sydney (Australia) or San Francisco should not be rare examples we highlight but should become the norm in what good administration and city agencies should implement all over the world. (see: http://www.libra6management.com/green-energy-masterplan-it-realistic)

• Wind power is the cheapest way to add new generation capacity to the grid in many parts of the world: Brazil, South Africa, and large parts of China and the United States to name a few.
• Solar costs have decreased 75% since the Copenhagen climate conference in 2009.
• Biomass, geothermal, and hydropower are all competitive in a growing number of markets in comparison with coal, oil and gas-fired power stations.

Governments and industry need to concentrate on implementing the most mature and existing renewable technologies that have already a proven record. This will reduce costs even further which will expand their application across the globe.

The C02 reduction is critical as some part of the world could be seriously impacted by the current trend. We need also to be prepared as even if we act as “good citizen” changes are on their way and certain part of the world will have to adapt to new environments. As usual the most at risk may run into new challenges and the role of the most advanced and powerful nations will be to assist the most challenged.

We will see if the Paris spirit of universal solidarity will continue. Let’s hope so for the good of our planet

***************

EXAMPLE OF A CHALLENGE:
HOW CLIMATE CHANGE COULD AFFECT AFRICA

1. Water Shortages is alarming and could affect entire region. Certain experts predict that by 2100 Niger, Chad and Zambia could lose completely their farming due to water shortages. Water is life, without water Africa farming will become impossible.

2. Malnutrition: With desertification we need to stay vigilant as fighting malnutrition will continue to be a major challenge. In spite of recent gain as we have now less than 1 billion suffering from malnutrition -still and outage in 2015- If desertification kick in at higher speed we could go back above the Billion very quickly when we know that population in Africa will reach 1.9 Billion in 2050 from the estimated 1.2 Billion today.

3. Malaria: Tougher climatic conditions will push mosquitoes to different and higher land that will infect new population. Health & sanitation Agencies need to be prepared

4. Farming challenges: rising temperature and unpredictable rains will make farming more challenging for critical crops such as corn, wheat and rice. For instance it is projected that in Zimbabwe and South Africa by 2050 these crops will have decreased by 30%. What will happen in Namibia and Ethiopia on the edge of desertification?

5. Farming opportunities On the contrary on the highland countries of East Africa such as Ethiopia, Kenya and Tanzania it might become easier to grow corn in higher altitude but with lower productivity. Cassava appears as being the solution and probably the source of proteins for the African continent.

*****************************
Libra6 Management, Corp invests in Cleantech and alternative materials. Management has knowledge of Africa economics through the work of the Scheer Foundation. www.scheerfoundation.org
www.libra6management.com
http://www.libra6management.cn.com/
https://twitter.com/libra6managment
https://plus.google.com/b/113724331646852283993/+Libra6management/posts

blog_image: 
blog_tags: