First of all, let’s a look at what this climate summit is about.What is “Paris 2015”?: Paris 2015 refers to the United Nation’s COP21 climate change conference in Paris late 2015. Pretty much, it’s an event the world’s superpowers gather to reach an implementable plan that nations can commit to in light of keeping climate temperature from snowballing beyond a 2°C margin. This is of course in itself a testament that “global warming is man-induced to the point where we can actually do something about it” is now common knowledge. There have been several climate summits previously. What makes this one so important?Momentum:
- This climate summit is the first to have everyone on the same page (except the US Republican party), that “global warming is man-induced to the point where we can actually do something about it”. Although there have been many credentialous outspoken figures, the swing has never been heavier than that of Pope Francis’s Encyclical Papal letter, released mid-2015, offering a broad vision of an endangered planet, partly blaming human activity and fossil fuels for climate change while calling for people of all religions to take swift action. Many experts see this as an explosive intervention set to transform the climate change debate. The Pope even opened the door to a vast educational system that will alter the way we understand things for good, early on when it matters: the new Green Educational System.
- This conference might very much be the last chance for nations to cut a deal at the table before the finalized version is released, although many UN SMEs have made it very clear that the effort is collaborative and flexible (where feasible) in nature. After all, “we want this to be a win-win situation for everyone”.
- China makes carbon pledge ahead of Paris climate change summit. This is a huge factor adding to the momentum going into the COP21, as well. First things first, no grand plan to mitigate climate change will do anything without the major players on-board.
- Although one stems from an economic stand point while the other, a moral imperative, fossil-fuel consumption and fossil-fuel subsidies are two sides of the same coin, i.e., one side cannot be addressed without the other in attempt to mitigate climate temperature, effectively. Hence, fossil-fuel subsidies have been the center of attention for years. Looking at the momentum and what the geo-political powers are signaling, many gurus expect to see some kind of indication to stem from the COP21, simply because such understanding has never been substantiated and supported to the point it is now – prior to a climate summit. Contradicting subsidies at the current scale that it is undermines any market’s Supply-Demand mechanism that would normally allow the most practical and economically viable product to gain popularity. Hence, is why green cars need tax incentive aids to compete with combustible ICE products to off-set the cheap price of subsidized oil. Most of consumers, from the smallest to geo-grandest of scales, cannot afford to miss out on the game changing factor to energy – the gradual phasing out of fossil-fuel subsidies. Which, should it take place, could be the tipping point of the energy industry and energy consumption as we know it.
- Viability of alternative clean-cleaner sources and reallocation of subsidies. According to MIT’s massive PDF report (an epic 356 pages), the problem is no longer technological practicality – but rather investment: “Current crystalline silicon photovoltaic technology is capable of delivering terawatt-scale power by 2050”. This understanding, too, i.e., that clean energy tech is very much indeed viable, has never been substantiated and supported to the point it is now – prior to a climate summit. A lot, if not most, of the subsidies, can remain under the energy umbrella and redirected to clean-cleaner sources, for example, a Tesla’s US$5 billion Zero Deforestation-Zero Carbon Gigafactory that can produce trillions in economic benefit over the years to come.
One crucial counter-momentum, though, to a deal being struck at the table – is the US’s presidential election in 2016, as America’s stand point on energy is center to the movement, thus, should the Republican party win the next race could alter the entire spectrum of the scale and scope of everything.
Compiled by: BLOG.SCG Logistics
Sources/References & Pictures: http://www.cop21.gouv.fr/en, http://www.diplomatie.gouv.fr/