Ten Thousand Fly In For Doomed UN Climate Talks

More than 10,000 people are flying to Marrakesh for a UN climate change conference despite officials admitting that they will make little or no progress on key issues. The two-week meeting, which begins in the Moroccan city on Monday, was declared as the “conference of action”, where 195 countries were supposed to reveal how they will fulfil pledges made a year ago to cut their emissions. Instead, they are likely to agree to suspend talks until 2018. However, delegates will be able to stay busy thanks to a Michelin guide to the conference supplied by the UN. It lists top hotels, “beauty and wellness spas”, as well as the best beaches. –Ben Webster, The Times, 5 November 2016

The next three years provide the “last chance” to limit global warming to safe limits in this century, the United Nations said, as it geared up for a conference in Morocco intended to carry forward the Paris agreement on climate change. —Inside Climate News, 3 November 2016

Each year since 1995, the nations of the world have gathered to try to reach a global agreement on carbon dioxide emissions. These ‘Conferences of the Parties’, or COPs as they are usually termed, involve all of the members of the United Nations Framework Convention on Climate Change and take place towards the end of the year. This year will see the twenty-second COP take place in Marrakesh. Over the years the COPs have developed a style all of their own. Indeed, some observers have even gone as far as to suggest that each year sees less and less by way of meaningful activity, and more and more liturgy and ritual. They may just have a point. —Global Warming Policy Forum, 5 November 2016

The Court of Appeal recently upheld the government’s right to cancel the Climate Change Levy (CCL) exemption for renewable generators. In effect this is a retrospective removal of subsidy entitlement, and should remind investors that even a seemingly secure economic rent will collapse when push comes to shove. This has significant implications for the Carbon Price Floor (CPF) and also the value of certificates issued under the Renewables Obligation (RO). The Renewable Heat Incentive (RHI) may also be affected. For the time being the Feed-in Tariff (FiT) and Contracts for Difference (CfD) are probably safe, but anyone in the electricity sector relying on subsidies and handouts has been given fair warning: The government giveth, and the government taketh away. –John Constable, Global Warming Policy Forum, 6 November 2016

India will be a global coal production bright spot with the country increasing global market share of output from 10.1 per cent in 2016 to 13.1 per cent by 2020. In 2016, the country will surpass the United States to become the second largest coal producing country in the world, second only to China, despite remaining a net importer of the mineral, BMI Research said. —Press Trust of India, 4 November 2016

Public funds from Europe’s carbon trading programme ‚Äì set up to help poorer countries reduce emissions ‚Äì will help build two plants that will emit about 7m tonnes of CO2 a year. Greece appears on track to win access to a controversial EU programme that could earmark up to ‚Ǩ1.75bn (¬£1.56bn) in free carbon allowances for the building of two massive coal-fired power plants. “You couldn’t make this up,” said Imke L√ºbbeke, WWF Europe’s head climate and energy policy. “The ETS was intended to reduce greenhouse gas emissions but it now risks being abused to facilitate investments in the new coal plants, which would operate well within the 2060s.” –Arthur Neslen, The Guardian, 3 November 2016  

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    A new President who listens to scientists and a ratification of the climate agreement.
    Its a great week for the world.

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