SLR Consulting’s Post

Now is the time for governments to raise ambition in the next round of Nationally Determined Contributions – the so-called “NDCs 3.0” due at COP30 in Brazil to limit the impact of climate change. Rapid technological progress, and recent national and industry commitments must be reflected in “NDCs 3.0”. More ambitious NDCs, and stronger links between targets and supporting policies at the national level, provide a clear direction of travel to industry and reduces market uncertainty. However, ambition alone will not translate into progress. The “NDCs 3.0” must define: 1) clear and detailed roadmaps for implementation, 2) measurable, comprehensive and granular targets, 3) investable plans, especially in emerging markets. Higher ambition from government and industry collaboration is needed now to accelerate the energy transition and deliver climate progress. Read the full insights briefing on #CredibleContributions here: https://lnkd.in/e_f5dgcc

The current Nationally Determined Contributions – “NDCs 2.0” set in 2020 – do not reflect the reality of technology deployment required to accelerate the energy transition. The next round of NDCs can and must reflect the pace of technological progress and ambition implied by the delivery of COP28 commitments with clear targets and information, including investment required. This will help strengthen their role as roadmaps for climate progress. By reinforcing existing progress and defining absolute reduction targets covering all sectors & GHGs, the “NDCs 3.0” can accelerate climate progress in the right direction. Read more in our Insights Briefing #CredibleContributions: https://lnkd.in/eQfdmpgj

Yesterday Future Matters launched their groundbreaking report on #EU climate policy priorities. The report identified 8 priority policies, with the first being support of results-based climate funds, like the Green Impact Funds For Transformation. This is a model that targets support for transformative change in #LMICs, using an economically impactful model. The basic idea is to maximize the value of climate finance by allocating subsidies through competitive auctions in discrete areas of technology: renewable energy, biochar, and enhanced rock weathering are the leading opportunities. I strongly commend the Future Matters report, available at https://lnkd.in/gpuMNfPW You can find more details about how to implement a results-based climate fund at https://greenimpactfund.de. Watch this space for updates.

Germany on Track to Reach 2030 Climate Targets, Government Says 'The Federal Government believes that Germany’s climate targets for 2030 are achievable. “Providing we stay on course, we are set to achieve our 2030 climate targets,” said Economics and Climate Action Minister Robert Habeck in view of new data from the German Environment Agency (UBA). According to the Climate Protection Act, this is the year by which greenhouse gas emissions in Germany are to be reduced by 65 percent as compared to 1990 levels.  In its latest report, the UBA projects a reduction of just under 64 percent. The Ministry says this target is now within reach. Germany plans to be climate-neutral by 2045. The planned energy transition is crucial in meeting this target. By 2030, at least 80 percent of electricity consumption is to be covered by renewable energies.' https://lnkd.in/dSD4AhUf #esgafricaconference #esg #gasemissions #climatechange #enivronmental #social #governance

Raising the Bar for Climate Action with #Mission2025 Governments have a crucial opportunity to enhance their Nationally Determined Contributions (NDCs) and propel the world toward a 1.5°C future. Our recent ETC report – Credible Contributions – emphasises that by reflecting rapid technological progress and aligning policies with industry commitments, NDCs can triple their impact – delivering up to 17 GtCO2e of mitigation per year by 2035. #Mission2025 calls on governments to seize this moment and set high-ambition NDCs that provide a clear roadmap for investment and accelerated deployment of clean energy technologies. Explore our full insights on how we can achieve bolder climate action: https://lnkd.in/eQfdmpgj #ClimateAction #EnergyTransition #NDCs #ClimateWeekNYC

CLIMATE ACTION COALITION LAUNCH On 26 July 2024, we listened online along with 3,500 other participants at the launch of the Climate Action Coalition by the Rt Hon Chris Skidmore, the former UK Member of Parliament who signed Net Zero into law, and went on to become a sometimes critical reviewer of the UK’s Net Zero policies. There was also a speech by Jennifer Morgan, State Secretary and Special Envor for International Climate Action for the Federal Republic of Germany. The Coalition will be setting up Taskforces, initially on Clean Power, Built Environment, Finance & Investment, Food & Agriculture and Manufacturing, and aims to produce annual reports on each to coincide with key international climate events. It aims to maintain the momentum of climate  work between the ‘big events’. The Manufacturing Taskforce should check out our recent posts on clean Cement and Decarbonising Iron & Steel. For further information, see - https://lnkd.in/eRNtNhNB

🌳 Investment Gaps and Decrease in Carbon Sinks Threaten EU Climate Progress A report from Euronews on 2nd July highlights significant challenges facing the EU's climate progress. Here are the key points: ➤ Investment Gaps: The report identifies substantial investment gaps in renewable energy, energy efficiency, and green infrastructure. These gaps hinder the EU’s ability to meet its ambitious climate targets and transition to a sustainable future. ➤ Carbon Sinks Decline: The decrease in carbon sinks, such as forests and wetlands, poses a major threat to climate goals. These natural systems play a critical role in absorbing CO2, and their decline exacerbates the climate crisis. ➤ Policy Implications: The findings underscore the urgent need for enhanced policy measures and financial support to bridge the investment gaps and restore carbon sinks. Stronger policies will drive innovation and investment in green technologies. ➤ Climate Goals at Risk: Without addressing these issues, the EU risks falling short of its climate commitments, impacting both environmental sustainability and economic stability. Read the full article here: https://lnkd.in/dFVBMvdh What are your thoughts on the investment challenges and the decline in carbon sinks? How can we enhance our efforts to achieve climate goals? 🌍💡 #ClimateChange #Sustainability #RenewableEnergy #GreenInfrastructure #CarbonSinks #ClimateGoals #Policy #Investment #EnvironmentalProtection #EUClimateProgress #UtilityWire

Germany's 2030 Climate Goals: A Beacon of Hope and Determination Germany's progress towards its ambitious 2030 climate targets brings a wave of optimism and a clear demonstration of effective climate action. The Federal Government, with Economics and Climate Action Minister Robert Habeck at the helm, has confirmed that Germany is on track to meet its goal of reducing greenhouse gas emissions by 65% compared to 1990 levels, according to the latest projections from the German Environment Agency (UBA). This milestone is not just a number but a testament to Germany's steadfast commitment to a sustainable future. With plans to achieve climate neutrality by 2045 and to source at least 80% of electricity from renewable energies by 2030, Germany is setting a global standard for environmental stewardship and the energy transition. As professionals in sustainability, renewable energy, and environmental policy, let's take inspiration from Germany's progress and engage in collaborative, innovative solutions to overcome obstacles in our respective sectors and communities. https://lnkd.in/dSD4AhUf #ClimateAction #Sustainability #RenewableEnergy #Germany2030 #EnvironmentalPolicy

The world needs much more ambitious “NDCs 3.0” to limit the impact of climate change. A real economy ambition loop means raising ambition will increase deployment and subsequently, increased deployment also raises ambition. More ambitious NDCs, and stronger links between targets and supporting policies at the national level, provide a clear direction of travel to industry and reduce market uncertainty, driving a reinforcing loop between government and industry. Accelerating this economy ambition loop has been, and will continue to be, a key success story of the energy transition. Read the full insights briefing on #CredibleContributions: https://lnkd.in/eQfdmpgj

Energy Policies, Climate Change, and the Need for Global Cooperation Climate change has become a crisis that transcends national borders, threatening the future of our planet. Energy policies play a crucial role in addressing this challenge. Reducing dependence on fossil fuels and transitioning to renewable energy sources are vital steps toward lowering carbon emissions and protecting the environment. However, this transformation can only be achieved through global cooperation, not just national efforts. International projects, knowledge sharing, and technology transfers are essential elements in combating climate change. Agreements like the Paris Climate Accord focus nations on a common goal, encouraging concrete actions in areas like #CarbonNeutral2025, #SustainableEnergy, and #RenewableTransition. In facing a challenge as vast as climate change, countries can succeed only through solidarity and shared responsibility. #ClimateChange #GlobalCooperation #EnergyPolicies