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UN Climate Change
Global Climate Action
6 November 2020
NEWSLETTER
Race to Zero
Our theory of change in the Race to Zero
emissions
This decade will be one of the most
transformative for climate action, as different actors across key sectors
and diverse backgrounds catalyze the crucial transformations needed to
accelerate progress towards a zero-carbon economy.
Global greenhouse gas emissions are still
too high to meet the Paris Agreement’s more ambitious goal of limiting
global warming to 1.5°C. But the speed of technological breakthroughs, price
declines and demand increases already evident in sectors such as electric
vehicles, LED bulbs and renewable energy gives confidence that emerging
innovations can disrupt and upend traditional industries and catalyze
decarbonization within just a few years.
We know this, because it has happened before
in every major industrial disruption, and it will happen again with
decarbonization. At first, there are high costs and a high level of
uncertainty but a small number of actors take the lead, and the initial
risks, in the first steps of the transformation and commit to the emerging
technology. Different actors - across sectors, geographies and economies -
start to support the transition, and the positive feedback between them
further raises ambition and increases momentum along every stage of the
value chain, making it systemic. This is when the market share of the new
technology grows seemingly glacially, from something like 2 percent to 4
percent of the market.
Many will point to the size of the
percentage, but miss the doubling rate, which is what will make the
transformation grow exponentially. The market share of the new technology
doubles to 8 percent, to 16 percent, to 32 percent, and so on as more actors
overcome the technological obstacles, gain confidence in the new technology,
and follow the path forged by the first movers. The volumes go up, the costs
go down, and the transformation follows the ‘S’ curve through to full market
adoption, faster than any of the incumbents ever predicted.
This is what happened with the transition
from horses to cars, from analog to digital, with most of the technology we
use today - and it is happening already in many key sectors of the global
economy today. In some cases, such as wind and solar, the growth rate is
already exceeding what is needed to deliver a Paris consistent scenario.
Wind and solar PV have grown from 0.25 percent of electricity generation in
2000 to 8.5 percent of electricity generation in 2019, an approximately 20
percent annual increase. To reach a Paris consistent scenario of 51 percent
solar and wind electricity generation on an S-curve trajectory, the annual
growth rate will only need to average 6 percent per year from now to 2050.
Reminder: Race to Zero Dialogues and the
Climate Action Pathways
Partners from all over the world are coming
together from November 9 to 19 for the Race to Zero Dialogues. The Dialogues
will launch the next version of the Climate Action Pathways of the Marrakech
Partnership, which defines the plans for unlocking the systems
transformations needed to cut emissions to zero across 10 key sectors and
build a resilient, zero-carbon future.
The High-Level Champions will introduce and
set out the objectives for the Dialogues on Monday, 9 November at 09:00 GMT
with the intervention of the United Nations
Secretary-General, Mr. Antonio Guterres, COP
25 President Minister Ms. Carolina Schmidt, COP 26 President Minister Mr.
Alok Sharma, Minister of the Environment of Italy Mr. Sergio Costa and
UNFCCC Executive Secretary Ms. Patricia Espinosa.
Following the official opening, the series
of dialogues will start with Climate & Health, followed by Industry;
Transport; Oceans, Coastal Zones & Water; Nature Based Solutions & Land Use;
Energy; Food & Agriculture; Youth; Cities, Regions & Built Environment; and
Finance.
Race to Zero Platform
Built to showcase the systems
transformations needed and already underway for a zero-carbon future, the
new Race to Zero website hosts stories and interviews from actors and
partners across the global economy racing towards zero emissions and greater
resilience to the impacts of climate change. It tells stories of progress
from businesses, governments, cities, civil society, faith groups and more.
Mark your Calendars
a.. ClientEarth Summit, Nov. 9-11
b.. UNFCCC Climate Change Dialogues 2020,
Nov. 23-December 4
c.. ICLEI’s Local Climate Solutions for
Africa, Nov. 3-12
d.. City of London Corp. and the Green
Finance Institute’s Green Horizon Summit, Nov. 9-11
e.. Finance in Common Summit, Nov. 9-12
f.. London Climate Action Week, Nov. 14-20
g.. Sustainable Innovation Forum, Nov. 16-20
In Case You Missed it...
● New net zero commitments by China,
Japan and South Korea cover two-thirds of the world’s coal use and nearly
half of its CO2 emissions, Carbon Brief says.
● Low or zero carbon emissions
policies for the electricity sector are achievable — and they will generate
climate and health benefits by 2040 to 2050 that far exceed moderate policy
costs, Harvard’s T.H. Chan School of Public Health has found.
● Nature-based solutions can create
immediate no-harm jobs and support a transition to a greener and more
job-rich economy, according to WWF and the International Labour
Organization.
● An accelerated green and just
recovery will create more jobs, more quickly and deliver greater economic
and health benefits than a return to business as usual can hope to achieve,
the C40 Global Mayors COVID-19 Recovery Task Force says.
● Long-term exposure to air pollution
may be linked to 15 percent of deaths from Covid-19 worldwide, as it causes
underlying health problems that make people more susceptible to the worst
effects of the virus, new research has found.
● The 2020 UN Climate Action Awards
shines a light on examples of what people are doing around the world, from
the Caribbean’s only carbon-neutral hotel to the first platform fully
dedicated to green bonds.
● Pitch in your resources to the net
zero climate aggregator of resources for achieving net zero - a project led
by Oxford University, with the UNFCCC and others, in support of the Race to
Zero.
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From: Global Climate Action
Sent: Friday, November 06, 2020 10:13 PM
Subject: Vladimir, read the latest Race to Zero news!
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