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IEA Says Policies Could Keep 2 Degrees Celsius Goal Alive

Redrawing the Energy-Climate Map, a new report from the International Energy Agency (IEA), warns global energy-related greenhouse gas emissions set an all-time high in 2012, throwing the world off its path to limit global warming to 2 degrees Celsius by 2020. These emissions rose 1.4 percent in 2012 to 31.6 billion tons—though the U.S. posted its lowest emissions (down 200 million tons), curbing them to mid-1990 levels.

“Climate change has quite frankly slipped to the back burner of policy priorities,” said IEA Executive Director Maria van der Hoeven. “But the problem is not going away—quite the opposite. This report shows the path we are currently on is more likely to result in a temperature increase between 3.6 °C and 5.3 °C but also finds that much more can be done to tackle energy-sector emissions without jeopardizing economic growth, an important concern for many governments.”

The release of the report came as nations gathered in Bonn, Germany, for a second week of talks aimed at a global climate pact—taking effect in 2020—to limit carbon emissions to 2 degrees Celsius from pre-industrial levels. The report lays out four policy priorities to put the world back on track: a partial phase-out of fossil fuel subsidies, reduced natural gas venting and flaring in oil and gas production, limited use and construction of inefficient coal power generation and enactment of targeted energy efficiency measures in buildings, industry and transport. The policies, the report said, would stop the growth of energy-related emissions by the end of the decade.

Energy Programs in Question after Senate Farm Bill Vote

This week, the Senate approved a five-year farm bill aimed at reducing food stamps and expanding farm subsidies that are designed to help farmers through extreme weather such as droughts and floods. Attention now turns to the House, which is expected to begin debating it’s version of the bill this month. The two versions include very different provisions for clean and renewable energy programs.

Although the Senate bill does include mandatory funding for clean and renewable energy programs—the Rural Energy Assistance Program and the Biomass Crop Assistance Program—the total allotted comes to 31 percent less per year than the total provided under the 2008 Farm Bill, which was extended through September 30 as part of fiscal-cliff compromises. With the House bill, all funding for the energy programs is reauthorized at reduced and non-mandatory levels.

“The House bill would allow the programs to continue on paper with an annual appropriation, but provides no mandatory funding to operate the programs,” said Andy Olsen at the Environmental Law and Policy Center. That could result in some “very gutted programs,” he noted.

Estimates of Shale-Based Resources Rise

New analysis by the U.S. Energy Information Administration (EIA) provides estimates for global shale gas and oil resources in the U.S. and 41 countries. The update of a two-year-old study by the EIA,  nearly doubles the number of formations that have these technically recoverable resources.

It finds that more than half of the identified shale oil resources—roughly 345 billion barrels—outside the U.S. are in Russia, China, Argentina and Libya; China, Argentina, Algeria, Canada and Mexico hold the most shale gas resources. The U.S. holds the second largest concentration of shale oil resources behind Russia and ranks fourth in shale gas resources after Algeria.

“As shale oil and shale gas production has grown in the United States to become 30 percent of oil and 40 percent of natural gas total production, interest in the oil and natural gas resource potential of shale formations outside the United States has grown,” said EIA administrator Adam Sieminski, noting that the EIA report shows “a significant potential for international shale oil and shale gas.”

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

Comments

  1. IFEANYI JOACHIM ODUARO
    NIGERIA
    January 22, 7:24 am

    Nigeria is one of the Six Countries that is more vulnerable to climate change. Over the years, the country has lost several millions of trees as well as flair several million tons of gases into the atmosphere, yet her government appears to be adamant to the climate change challenge. We may be the first to be hit and as such we seek foreign help. We must all work as well as pray. No other place like our EARTH. May God help Nigeria. God save the world.