Edition for 06 June 2020

Top Stories

Hungary sets 2050 climate neutrality goal in law, issues green bond (Climate Home News)

  • Headline target aligns with EU goals but short term action does not measure up, experts say, with green funds earmarked to keep trains running Hungary has set a climate neutrality goal for 2050, in a law passed by parliament on Wednesday, signalling support for the EU net zero emissions strategy.
  • In a hint the plans relied on EU funds, he said the costs of moving to net zero emissions should be borne by the big polluters.
  • Comment: European Green Deal must be central to a resilient recovery after Covid-19 The law reaffirmed Hungary’s existing 2030 target of a 40% cut in emissions from 1990 levels, leaving the heavy lifting until next decade.

Canada can hit climate targets without ruining economy, economists and climate experts say (CBC)

  • Last November, the United Nations Environment Program released its annual Emissions Gap Report, which found that in order to limit global warming to 1.5 C above pre-industrial levels, CO2 emissions would need to drop by 7.6 per cent annually over the next decade.
  • Given that worldwide emissions are estimated to have risen by about 0.4 per cent in 2019, this seemed like an unattainable goal.
  • A recent study published in Nature Climate Change, however, suggests that as a result of global shutdowns due to the COVID-19 pandemic, emissions in 2020 could drop by roughly seven per cent.

The Energy 202: How carbon levels hit a record high even as emissions fell during coronavirus pandemic (Washington Post)

  • The decline in carbon emissions during the pandemic is just a drop in the bucket compared to how much CO2 humans have released over time.
  • “As we keep emitting, it keeps piling up.”  “The crisis has slowed emissions, but not enough to show up perceptibly,” he said.
  • By early April, worldwide CO2 emissions had fallen by 17 percent compared with the daily average in 2019 — an unprecedented drop, according to climate researchers who published a study in the journal Nature Climate Change.

Transforming food and agriculture: Creating food security while fighting climate change (ReliefWeb)

  • It contributes about one-fifth of all greenhouse gas emissions and is a primary cause of biodiversity loss.
  • Over the past 12 years, UNDP climate change adaptation projects have supported more than 4.8 million smallholder farmers in building climate-smart agriculture , incorporating new techniques in water harvesting, crop and income diversification, developing markets for climate-resilient crops, improved land management, and weather insurance.
  • With US$701 million in funding from the Adaptation Fund, Global Environment Facility (GEF) and Green Climate Fund, over 853,000 hectares of agricultural land have been restored in 46 countries.

Vertical Bridge first tower company to become 100% carbon neutral (Fierce Wireless)

  • Vertical Bridge Co-Founder and Executive Vice President of Operations Bernard Borghei told FierceWireless that the achievement marks the latest step in its ESG (Environmental, Social, and Governance) program and is an evolution of earlier efforts the company undertook over the last four to five years.
  • However, heavy calculations of business operations impact on its carbon-neutral goal began in January.
  • Around February Borghei, working with Natural Capital Partners, assessed and calculated the carbon footprint from activities like the number of employee flights taken, miles driven, office energy consumption and emissions from operation and construction of towers, as well as ways to mitigate those.

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