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Archive for Targets

Building Solar India

While counties across the world are dithering about climate mitigation, India is getting ready to launch its Solar Mission under the National Action Plan on Climate Change.
At the moment, India produces less than 5 MW of solar power a year. Under the National Action Plan on Climate Change, India aims to generate 1.000 MW by [...]

Ministers and businesses agree on accelerating transition

Last Thursday The Financial Times, Le Monde and Frankfurter Allgemeine Zeitung published an article which set out possible economic benefits that could be achieved by increasing the EU’s target of 20% to a more ambitious 30%.  Ministers of the UK, Germany and France laid out their visions for simultaneously increasing those targets and achieving better [...]

Improving energy performance in Europe

To stay within tolerable temperature limits, worldwide emissions must stop rising before 2020, must be cut by at least half of their 1990 levels by 2050, and must continue to fall thereafter. The EU is serious about ensuring that an ambitious and legally binding global treaty is agreed at the UN climate change conference in [...]

Targets-ever to be reached?

A new analysis from the Carbon Disclosure Project reports that top companies in the U.S. will fail to meet President Barack Obama’s goal of cutting greenhouse gas emissions 17 % compared to a 2005 baseline by 2020. This proposal was made in the run-up to the Climate Summit in Copenhagen.
In fact, companies on Standard and [...]

Copenhagen Accord-Today’s the deadline

Today is the deadline under the U.N climate accord for rich countries to submit their targets in terms of GHG emissions, and for developing nations to declare their plans for reducing and slowing down emissions.

Japan sets new and ambitious targets

Japan’s new prime minister-elect, Mr. Yukio Hatoyama, is going to fight climate change by backing deep emission cuts. As host of the Kyoto summit in 1997, Japan is keen to reposition itself at the forefront of the battle against climate change. Its emissions rose 2.3% in the year to March 2008, putting it 16% above [...]

China study urges greenhouse gas caps, peak in 2030

A study, prepared by some of the nation’s top climate change policy advisers, proposes that with the right policies emissions growth could slow by 2020 with levels peaking around 2030. “As soon as possible, study and draft relative and then absolute targets to cap the total volume of carbon dioxide emissions,” says the preface of the report, obtained by Reuters. “Establishing and acting on quantified targets and corresponding policies to address climate change in the medium to long-term is already a matter of great urgency.” The call for “quantified targets” to cap greenhouse gas pollution marks a high-level public departure from China’s reluctance to spell out a proposed peak and date for it. This also signals that Beijing wants to play an active role in seeking agreement for a new international climate change pact.

UN climate talks made limited progress, need to pick up speed

A week-long negotiations toward a new global response to climate change concluded in Bonn Friday. Negotiators get down to practicalities in the areas of adaptation, technology and capacity building. Some progress was also made in narrowing options in the negotiating text. “So with only 15 days of negotiating time left before Copenhagen, negotiations will need to considerably pick up speed for the world to achieve a successful result at Copenhagen,” Yvo de Boer, UN climate chief, said. Governments also discussed how 2020 emission reduction pledges of industrialized countries could be translated into legally binding targets as a key component of the Copenhagen deal. “Industrialized countries need to show a greater level of ambition in agreeing to meaningful mid-term emission reduction targets,” de Boer said. “We also need a clear indication of the finance and technology industrialized countries are ready to provide to help developing countries green their economic growth and adapt to the impacts of climate change,” said de Boer.

Sunshine regions in China

China has great renewable resources to explore. So far, much has been done to promote wind power, with some of the world’s largest wind power farms being currently constructed in china. Solar thermal energy is well established and widespread. But, until recently, China’ s policy towards Photo-Voltaic was more reluctant in regard to domestic power [...]

Increased Financing for Clean Energy in South Asia

Yes Bank Limited (YBL) is in process of establishing its first ever private equity fund for clean energy. The South Asia Clean Energy Fund (SACEF) is hoping to raise $200 million by this summer. According to YBL they have already raised $125 million, even with the constraints of a global recession.
The fund is targeting renewable [...]

 

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