Just before we turned the calendar page to 2021 and amidst historical lockdown’s New Year celebrations across the planet, I wrote a small article titled Renewable Energy in 2020. It suggested potential New Year sustainable resolutions and wishes. The latter reflecting a NY’s tradition in both Portugal and Spain.
As we’re now in July, less than half-way through the end of 2021, it’s time to do a balance on how have we done so far with each one of our New Year sustainable resolutions. In a mid-year performance review style! Have you done yours? There’s still time for correction and stop those extra unsustainable behaviours, so you can be right back on track!
The first of my 2021 wishes, clearly didn’t materialise. Across the world many countries have been re-entering lockdowns due to new outbreaks, driven by Sars-Covid2 mutations spreading faster and with higher lethal risk as the Delta variant. Although some countries have been speeding up vaccination, increasing the immunity of its population, it hasn’t been enough. As of July 29th, the UAE is the country with highest percentage of inoculation, 79.3% with at least 1 dose and 70.8% of fully vaccinated population, according to the FT. Worldwide, the FT shows that 4.1 bn of vaccines doses have been given. Israel was the fastest country to reach 100 doses per 100 residents, doing so by mid-March. Second to Israel was the UK, achieving so by mid-June. According to Reuters, the inoculation speed prize for countries with a population over 1 million is now held by Ecuador with 1446 doses per 100k people. By October 2021 the FT estimates 5 billion doses could be administered with a likelihood just over 70%.
My second wish, has a brighter outcome. Climate Action has improved in 2020.
In terms of business and governmental actions, what has been done?
- Energy transition is occurring. Worldwide renewable installed capacity has increased by 2 percentage points in the total electricity generation installed capacity. In 2020 261 GW were added, reaching 36.6%, according to IRENA. South America is leading with 67.8%, Europe follows with 49.8% and Oceania with 46%. The latter is the continent with fastest growth, 4 p.p. from previous year. In terms of demand, IEA shows that renewable energy grew by 3% in 2020 reverting the overall contraction on electricity demand, that was induced by Covid-19 pandemic’s output restrictions.
- The USA is committed again with the Paris Agreement, officially back in 2021.
- NDCs have been partially delivered. 2020 was the deadline for the Paris Agreement signatories to submit or update its Climate-Action plans, 40% of the parties representing 30% of global GHG emissions have done so with the majority expecting to do so throughout 2021. The new commitments have increased coverage of the parties’ GHG emissions to 99.2%. Some have already started implementing their action plans, others set 2021 as the kick off year. The UNFCCC estimates that the current plans are insufficient to meet the Paris agreement goal of limiting global warming to 1.5ºC by 2030. GHG emissions are expected to reduce by 0.7% in 2030 in comparison to 2010, yet 45% reduction is needed. The remaining 60% needs to present and implement its Climate-Action plan urgently.
- Corporate Sustainability reporting has increased, but not all show the joint commitments requested to limit global warming to 1.5 ºC – 2ºC by 2030. More companies have signed pledges to do so and made public commitments to decarbonise its activities. Zero taskforces have been set up, to push industries to take bolder actions to decarbonise its sector. It’s a good step, we all would be much better if more embrace so and more material commitments are made, too.
- Climate risk is increasingly part of central banks stress testing. Sustainability compliance is becoming now a criterion to be financed across the whole finance value chain.
With COP26 expected to be held in Glasgow in November, what is being done? Some examples:
- Alok Sharma, COP26 president has been pushing for bolder commitments across the globe.
- The EU has approved its Climate Act and among other measures banned the Top 10 single-use plastic goods of Ocean leakage – cutlery, plates, cups and lids, straws, bottles and caps, food and beverage containers, lightweight plastic bags, cotton bud, tampons applicators, pads, balloons plus its sticks and fishing gear containing plastic. As of July 3rd, they no longer can be transacted. The expected impact of this ban is a 50% reduction on Ocean’s leakage, avoided annual emissions of 3.4 million CO2, and savings of Euros 6.5 billion of consumers’ annual budget. Hopefully the existent stock won’t end up in the Ocean.
- Sectoral Engagement is being carried out by the UNFCCC. Lookout for yours, engage and influence others to do so, too.
Myself? I certainly became more sustainable in my practices. I have been supplied by 100% sustainable energy sources for the longest time in my life. I have reduced my food intake to healthier portions, adding my sand grain to mitigate soil exhaustion and LULCF. I also managed to influence some people to recycle and reuse, extending certain products’ life cycle and participating even further in the circular economy. I’ve recently calculated my carbon footprint, too. It’s 53% below the UK average.
The Northern Hemisphere summer holidays season has started. It’s a good time to do your balance and, if needed, reconduct your sustainable behaviour. Happy Sustainable holidays!
Unesco Arouca Global Geopark