A RECIPE for Climate Action
Share the Carbon Budget (1/10)
Early morning smog hangs over Cape Town, the product of smoke and fumes from fires, factories, and automobiles. After years of industrialization, the world can only emit some 750 to 1000 gigatons of CO2 more until 2050, if we want to have a fair chance of keeping global warming below 2°C. The question is how to share out this carbon budget?
Industrialized countries would benefit from a GDP share-based allocation. An equal per capita allocation of CO2 permits would be more advantageous for developing countries. Developing countries, however, will need some headroom to allow them to catch up economically. (Photo: Reuters)
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Share the Carbon Budget (1/10)
Early morning smog hangs over Cape Town, the product of smoke and fumes from fires, factories, and automobiles. After years of industrialization, the world can only emit some 750 to 1000 gigatons of CO2 more until 2050, if we want to have a fair chance of keeping global warming below 2°C. The question is how to share out this carbon budget?
Industrialized countries would benefit from a GDP share-based allocation. An equal per capita allocation of CO2 permits would be more advantageous for developing countries. Developing countries, however, will need some headroom to allow them to catch up economically. (Photo: Reuters)
A RECIPE for Climate Action
Technology Transfer and Funding (2/10)
Inventor Eritrean Seyoum Goitom inspects his solar power cooker. Goitom is trying to stop deforestation around his home town Keren. Solar-powered cookers, he hopes, could cut the need for firewood.
Among RECIPE’s recommendations is enhanced support for developing countries in their transition to low-carbon growth. This requires rich countries to provide technical assistance and capacity building, technology transfer and public funding. (Photo: Reuters)
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Technology Transfer and Funding (2/10)
Inventor Eritrean Seyoum Goitom inspects his solar power cooker. Goitom is trying to stop deforestation around his home town Keren. Solar-powered cookers, he hopes, could cut the need for firewood.
Among RECIPE’s recommendations is enhanced support for developing countries in their transition to low-carbon growth. This requires rich countries to provide technical assistance and capacity building, technology transfer and public funding. (Photo: Reuters)
A RECIPE for Climate Action
Get Carbon Pricing Right (3/10)
Environmentalists during a protest after Australia's parliament rejected a plan for the world's most ambitions carbon emissions trading regime. Such systems are essential for establishing a carbon price and consequently driving investment in renewables, according to RECIPE.
Many existing national or regional carbon trading schemes still hand out emissions rights for free. However, only full auctioning of carbon allowances will guarantee a realistic carbon price.(Photo: Reuters)
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Get Carbon Pricing Right (3/10)
Environmentalists during a protest after Australia's parliament rejected a plan for the world's most ambitions carbon emissions trading regime. Such systems are essential for establishing a carbon price and consequently driving investment in renewables, according to RECIPE.
Many existing national or regional carbon trading schemes still hand out emissions rights for free. However, only full auctioning of carbon allowances will guarantee a realistic carbon price.(Photo: Reuters)
A RECIPE for Climate Action
Build Smart Grids (4/10)
The RECIPE authors observe that electricity grid structure in Europe are insufficient. Smart grid structures need to be established immediately. According to RECIPE, this has to be accompanied by improved grid regulation.
Efficiency improvements can create leeway for transforming the energy supply side, but rebound effects, where improved energy efficiency is offset by an increasing demand for cheaper energy, need to be prevented. (Photo: Reuters)
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Build Smart Grids (4/10)
The RECIPE authors observe that electricity grid structure in Europe are insufficient. Smart grid structures need to be established immediately. According to RECIPE, this has to be accompanied by improved grid regulation.
Efficiency improvements can create leeway for transforming the energy supply side, but rebound effects, where improved energy efficiency is offset by an increasing demand for cheaper energy, need to be prevented. (Photo: Reuters)
A RECIPE for Climate Action
Key Industries Affected (5/10)
A man rides a tricycle with his son past a cement plant in Baokang, Hubei province, China. Steel and cement industries generate huge amounts of process-related emissions and must master a major transformation in order to reduce those emissions in a future low-carbon economy. RECIPE warns against exemptions for these sectors from mandatory carbon pricing schemes. (Photo: Reuters)
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Key Industries Affected (5/10)
A man rides a tricycle with his son past a cement plant in Baokang, Hubei province, China. Steel and cement industries generate huge amounts of process-related emissions and must master a major transformation in order to reduce those emissions in a future low-carbon economy. RECIPE warns against exemptions for these sectors from mandatory carbon pricing schemes. (Photo: Reuters)
A RECIPE for Climate Action
Greening Agriculture (6/10)
Australian sheep wear special backpacks to collect and record the volume of their methane emissions, a greenhouse gas more potent than CO2. A vaccine could reduce the methane sheep produce by approximately 20 percent a year.
Other promising mitigation options for farmers are the protection of existing but degraded carbon sinks like bogs and grassland and the reduction of nitrogen emissions from fertilizers. (Photo: Reuters)
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Greening Agriculture (6/10)
Australian sheep wear special backpacks to collect and record the volume of their methane emissions, a greenhouse gas more potent than CO2. A vaccine could reduce the methane sheep produce by approximately 20 percent a year.
Other promising mitigation options for farmers are the protection of existing but degraded carbon sinks like bogs and grassland and the reduction of nitrogen emissions from fertilizers. (Photo: Reuters)
A RECIPE for Climate Action
Transportation Challenge (7/10)
The Chevrolet Volt electric car can be charged using a simple plug. Electric car technology, however, is still in its infancy. No low-carbon transport technology has achieved global economies of scale.
RECIPE suggests investing more in R&D in the large scale deployment of low-carbon technologies. Infrastructure investments should go to alternative fuels and electrification infrastructure as well as to freight rail. (Photo: Reuters)
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Transportation Challenge (7/10)
The Chevrolet Volt electric car can be charged using a simple plug. Electric car technology, however, is still in its infancy. No low-carbon transport technology has achieved global economies of scale.
RECIPE suggests investing more in R&D in the large scale deployment of low-carbon technologies. Infrastructure investments should go to alternative fuels and electrification infrastructure as well as to freight rail. (Photo: Reuters)
A RECIPE for Climate Action
Stop Investing in Coal (8/10)
A coal power plant is demolished in Weishan County, China. China plans to invest 265 billion dollars in renewable energy by 2020 to wean itself off polluting coal.
RECIPE finds that investments in conventional coal-fired power plants without carbon capture and storage (CCS) have to stop immediately in order to limit global warming below 2°C. Key investment areas for power and heat production should be renewable energies, storage systems, and grid development.(Photo: Reuters)
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Stop Investing in Coal (8/10)
A coal power plant is demolished in Weishan County, China. China plans to invest 265 billion dollars in renewable energy by 2020 to wean itself off polluting coal.
RECIPE finds that investments in conventional coal-fired power plants without carbon capture and storage (CCS) have to stop immediately in order to limit global warming below 2°C. Key investment areas for power and heat production should be renewable energies, storage systems, and grid development.(Photo: Reuters)
A RECIPE for Climate Action
Brake on Growth (9/10)
A styrofoam bull with a broken head at the Frankfurt stock exchange: bull markets are associated with economic growth.
RECIPE confirms that radical decarbonization has only moderate economic costs, equal to a 0.7 to 4 percent drop in consumption. A 3 percent fall in consumption by 2050 would mean that the increase in global wealth will be postponed by just one year, until 2051.(Photo: Reuters)
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Brake on Growth (9/10)
A styrofoam bull with a broken head at the Frankfurt stock exchange: bull markets are associated with economic growth.
RECIPE confirms that radical decarbonization has only moderate economic costs, equal to a 0.7 to 4 percent drop in consumption. A 3 percent fall in consumption by 2050 would mean that the increase in global wealth will be postponed by just one year, until 2051.(Photo: Reuters)
A RECIPE for Climate Action
Window of Opportunity (10/10)
A man looks over the world's biggest roof-based solar system in Buerstadt, Germany. The 40,000 square meter installation produces 4,500,000 kilowatts per year, just a fraction of what will be required in a low-carbon economy.
RECIPE estimates that the window of opportunity for meaningful global action will effectively be closed after 2020. Wasting the next decade would result in an increase in mitigation costs of at least 46 percent.(Photo: Reuters)
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Window of Opportunity (10/10)
A man looks over the world's biggest roof-based solar system in Buerstadt, Germany. The 40,000 square meter installation produces 4,500,000 kilowatts per year, just a fraction of what will be required in a low-carbon economy.
RECIPE estimates that the window of opportunity for meaningful global action will effectively be closed after 2020. Wasting the next decade would result in an increase in mitigation costs of at least 46 percent.(Photo: Reuters)
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