Panorama
 
 
 
   
 
 

ACTION NOW ON CLIMATE CHANGE MAKES ECONOMIC SENSE

Environmental Panorama
International
May of 2007

 

The latest IPCC report on climate change estimates that there are only two decades to implement effective greenhouse gas reduction measures to control and limit global temperature increases. 'The sooner we act, the more effective and cost efficient efforts at controlling climate change will be,' said Professor Jacqueline McGlade, Executive Director of the EEA.

20 years and counting down
Themes Climate change
We have seen the cost of inaction in terms of people's lives and our environment in the past.
Professor Jacqueline McGlade, Executive Director of the EEA
Professor McGlade was speaking after the launch of 'Mitigation of Climate Change', the third in a series of reports from the Intergovernmental Panel on Climate Change (IPCC). The report, written by a panel of international scientists on behalf of the UN, focuses on measures to counter climate change.
'We have seen the cost of inaction in terms of people's lives and our environment in the past with examples such as the collapse of fish stocks, the use of asbestos in buildings, acid rain and lead in petrol. These problems have been successfully addressed through international action. It pays to act now to secure the long term', she said.

The IPCC report stresses the urgency of the situation, estimating that there are only two decades to implement effective greenhouse gas reduction measures to control and limit global temperature increases.
The largest emission reduction potential is in increased energy efficiency in electricity and heat generation, in building insulation and by substantially expanding renewable energy. Investments in energy supply in developing countries, modernisation of energy infrastructure in developed countries and policies to increase energy security create opportunities to achieve emission reductions, the report says.

Technology, existing as well as new innovations, will also have a key role to play, according to the IPCC. However, these technologies will only thrive if appropriate incentives are created and investments in research and development are increased.

'We need to create the right economic environment with the necessary incentives leading to more investment in competitive, environmentally friendly technologies. We have already seen this approach working. For example, strong taxation of petrol in Europe and high regulatory standards led to cars that have been almost twice as fuel efficient as cars on America's roads, in recent decades', Professor McGlade said.

The IPCC report also stresses the need to establish an effective, global emissions trading scheme, which would set a realistic price on CO2 emissions. This will also help create incentives for producers and consumers to invest in products, technologies and processes with low or zero emissions.
A broad range of instruments — standards, taxes, charges, tradable emissions permits, voluntary agreements — are available to establish markets for low CO2 or zero emission technologies, according to the report.

'The EEA has long advocated a gradual shift away from taxes on labour and investment towards taxes on pollution and the inefficient use of materials and land. We also need reforms in the way that subsidies are applied to transport, housing, energy and agriculture. We need subsidies encouraging sustainable practices and efficient technologies', Professor McGlade said.

For more information on climate change and market-based instruments, please see the following reports:
Climate change and water adaptation issues
Vulnerability and adaptation to climate change in Europe
Using the market for cost-effective environmental policy
You can visit the IPCC homepage here: http://www.ipcc.ch/

Asia and Europe — cooperating on climate change
Closer, more effective cooperation in tackling global climate change will be one of the topics under discussion today as the EEA hosts a panel discussion amongst Asian and European experts in climate change policy.

Themes Climate change
The event has particular relevance as tomorrow the Danish government will host the 'Asia-Europe Meeting' (ASEM) in Copenhagen. ASEM is an informal dialogue between EU Member States, the European Commission and 13 Asian countries.

The EEA panel debate is organised in cooperation with ASEM's Environment Forum (ENVforum) and should provide valuable food for thought for delegates attending Tuesday's meeting.

With the approach of 2012, and the end of the first phase of the Kyoto process, it is a good time to begin evaluating the progress and setbacks the world has encountered in drawing up a global framework of action on climate change.

There have been many claims and counter-arguments as to the effectiveness of global climate change policy. It is clear that there is still a great deal to be done. The debate will assess current policies and suggest future strategies. Key areas of discussion will include:

the costs and benefits of a global climate policy;
the roles of governments and societies in global climate policy;
the experiences of stakeholders with the Clean Development Mechanism (CDM);
the importance of aid and cooperation with developing countries.
The debate aims to:
provide an impartial platform for genuine dialogue and debate on post-2012 climate change regimes, presenting viewpoints from many stakeholders: governments, scholars, researchers, NGOs, the business sector and young people;
formulate recommendations, particularly on Asia-Europe cooperation within the ASEM framework;
contribute to an ASEM perspective within the global discourse on post-2012 climate policy, in view of the expected definitive international negotiations at the UN Framework Convention on Climate Change 13th Conference of Parties which will take place at the end of 2007.
Information on the outcomes of the panel discussions will be presented in a report that the ENVforum will prepare for the ASEM Environment ministers.

 
 

Source: European Environment Agency (http://www.eea.eu.int/main_html)
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