TCI News Now!

About Us Contact Us

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Click here to submit news and opinion for publication

Subscribe

Click here to receive our daily headlines by email

Archives

Click here to browse our extensive archives going back to 2007

Also for the convenience of our readers and the online community generally, we have archived a number of public documents of general interest. Click here for the current index of available documents.

Climate Change Watch

The Turks and Caicos Islands are especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Travel


RSS Feeds


KISS 102.5 FM
Follow TCI News Now on Twitter
Connect with TCI News Now on Linkedin



News from the Turks and Caicos Islands:





Back To Today's News

Additional financial resources required for the Caribbean to achieve climate stabilization
Published on April 24, 2013 Email To Friend    Print Version

A new book to be released this week estimates net additional costs of reducing emissions related to land use, energy and transport – the three main contributors to greenhouse gas emissions in Latin America and the Caribbean (LAC).

A ninety seven percent decarbonization of the power sector by 2050 would require $66 billion in net annual investments. Furthermore, reducing agricultural emissions by fifty percent by 2050 would have an estimated annual cost of $10 billion whereas a widespread electrification of the transport sector during the same timeframe is projected to involve an additional expenditure of $30 billion per year.

Bending the emissions curve to achieve climate stabilization goals by 2050 and prevent further damage and losses associated with climate change represents significant mitigation efforts affecting both land use and energy.

These efforts imply considerable changes in the structure of the region’s economies and patterns of natural resource use, a new book “The Climate and Development Challenge for Latin America and the Caribbean: Options for climate-resilient, low carbon development ” published by the Inter-American Development Bank (IDB) reports.

These recent work is part of a study initially presented last year at the Rio+20 meeting. The complete study is a joint effort of the IDB, the Economic Commission of Latin America and the Caribbean (ECLAC) and the World Wide Fund (WWF).

According to Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), the analysis presents “a compelling argument for prompt action on climate change in Latin America, based on the analysis of the high costs of non-action, the lower costs of action via both adaptation and mitigation, and the local co-benefits to be garnered.”

Rajendra Pachauri, Nobel Laureate and chair of the United Nations Intergovernmental Panel on Climate Change, indicated “a substantial contribution of this report is the outlining of specific paths (expressed as sets of actions) toward the achievement of a footprint of two tons per capita per annum in the region.”
 
Reads: 11903





Click here to receive daily news headlines from TCI News Now!



Back...

Comments:

Joe:

did people miss there has been no global warming for the last 16+ years?

did people miss the 20+ climate models used by the IPCC in their latest report failed to predict global cooling for the last 16+ years?

anyone realize that "investment" is code word for higher taxes?

"A ninety seven percent decarbonization of the power sector by 2050 would require $66 billion in net annual investments." - where is this money going to come from?


Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, it will be a waste of your time typing your submission because we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code *

 



Other Local News:



Regional News: