30 October 2015, Carbon Pulse, INDCs will fail to halt global emissions growth by 2030, but door still open to 2C -UNFCCC. INDCs from the 147 parties submitted by Oct. 1 will result in global emissions continuing to rise over the next 15 years though keep the door open to reaching the 2C temperature rise goal, the UNFCCC said in a report on Friday summarising the submitted pledges. The aggregate report, published on the UN website, was requested by almost 200 nations ahead of the December UN climate talks, without any scrutiny of individual INDCs. It found that with the INDCs fulfilled, global emissions would climb to 55 billion tonnes in 2025 and 57 billion tonnes in 2030, though growth in emissions is expected to slow down by a third in the 2010–2030 period compared to the period 1990–2010. This would mean that by 2030 the world had reached 75% of the cumulative emission budget since 2011 that UN-backed scientists say is consistent with the 2C goal. “Fully implemented these plans together begin to make a significant dent in the growth of greenhouse gas emissions: as a floor they provide a foundation upon which ever higher ambition can be built,” said Christiana Figueres, executive secretary of the UNFCCC, presenting the report at a press conference in Berlin. Read More here
28 October 2015, The guardian, Paris climate deal will not include global carbon price, says UN climate chief. Christiana Figueres tells investor event that a climate deal to be agreed in Paris in December will not be able to come up with a global carbon price. A climate change deal to be agreed in Paris in December will not be able to come up with a global carbon price, the United Nations’ climate chief, Christiana Figueres, said on Tuesday. Big multinational companies and investors, and most recently oil majors, have called for a global carbon price to help spur investments in low-carbon energy. A global carbon price would help to create an incentive for operators of power plants and factories to switch to cleaner fuels such as gas or to buy more energy-efficient equipment. When the European Union launched a carbon trading scheme in 2005 there were expectations this would eventually lead to a global carbon scheme by 2020 worth around $2 trillion. But the difficulties of bringing together different carbon schemes from countries around the world means the goal of a global carbon price remains elusive. Read More here