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G7 nations: Is this the end of coal? | ticker VIEWS

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The recent G7 summit in the UK, makes a historic move towards phasing out coal.

This week on Ticker Climate, Energy Expert Scott Hamilton and Ticker News Presenter Holly Stearnes, speak with German Energy Agency’s (DENA) Managing Director Kristina Haverkamp. Unpacking the G7 Summit from a climate perspective and what it means for climate change and the race to zero emissions.  

Certain left leaning groups are suggesting the G7 Summit is another lost opportunity, to halt climate change. Although, Haverkamp, a leader in the renewable energy space says, “the results are satisfactory”. 

For the first time, the role of coal in global warming has been specifically mentioned in the G7 official statements saying its “the single biggest source of greenhouse gas emissions”.

The seven nations are agreeing on tough new measures to phase out the biggest contributor to global warming. The G7 statement also stating that “international investments in unabated coal must stop now and we commit now to an end to new direct government support for unabated international thermal coal power generation by the end of 2021.”

Scott Hamilton says phasing out the number one contributor is a critical action.

“A range of urgent policies were agreed, chief among them being the phasing out coal burning, unless it includes carbon capture and storage.”

Scott Hamilton

All seven major industrialised nations including the UK, US, Canada, Japan, France, Italy and Germany have previously agreed to meet the goal of net zero emissions by 2050, and to stop funding for coal power by the end of this year.

Germany has recently increased its level of ambition to achieve climate neutrality by 2045. Also, agreeing to a 68% reduction in emissions by 2030. Having already commenced the phase out of coal fired electricity generation, it now appears it’s happening much quicker in Germany, than anticipated. The previous coal closure target was set at 2038. 

Haverkamp reiterates that Germany is well on track to end coal fired electricity generation, ahead of schedule.

“We will probably be already out of coal fired electricity generation…by 2030”

Kristina Haverkamp

https://twitter.com/SDHamiltonVIC/status/1404614219538976768?s=20

Farewell to a prominent leader

It’s the end of an era for German Chancellor, Angela Merkel, as she prepares to step down, after serving 16 years for her country. Working with global leaders, in the face on many challenges, Merkel is an iconic leader, that will be sorely missed. Haverkamp says Merkel’s climate leadership is admirable. 

“Chancellor Merkel has done a great job. In particular, for the climate and her moderate approach at finding concentral, moderated solutions for societal challenges, have been a prerequisite our moving forward in the energy transition.”

Kristina Haverkamp

Is Australia lagging behind the rest of the world? 

When its comes to climate change action, Australian Prime Minister Scott Morrison, is consistently criticised for his lack of commitment. He tries to talk up the level of action being taken by his Government fighting climate change. Although, despite the relatively weak 2030 targets and failure to give a clear commitment to net zero emissions by 2050.

Morrison told the G7 that Australia has already cut emissions by 20%. Although, he seems leaving out that he relies on changes to land use clearing, for the overwhelming majority of the reductions.

Emissions in almost every sector of the Australian economy are rising. This is all except in electricity generation, which is mostly due to cheap solar power and action from state and territory Governments.

In a major miss-step, Morrison fails to secure a highly anticipated one-on-one meeting with US President, Joe Biden. The Australian Prime Minister needs to get on the same page when it comes to climate change, if he wants to be included in vital meetings with other world leaders.  

 

[Graphic credit: The Australian Institute]

Germany and Australia sign deal on hydrogen production

Germany and Australia officially sign a bilateral alliance on hydrogen production and trade to try to facilitate a renewable energy-based hydrogen supply chain, between the two countries. 

Scott Hamilton says Germany is head and shoulders above others, when it comes to promoting renewable hydrogen and global powerfuels.

“Germany has a 9 billion euro plan and a thirst for renewable hydrogen.”

Scott Hamilton

Australia has the potential to be a global renewable energy exporting superpower. Let’s hope he realises the countries opportunity before the Glasgow Conference later this year. Australia should want special one on one meetings and to be in the room when real climate change negotiations happen. 

Watch the full episode of Ticker Climate here:

 

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China launches world’s fastest train | ticker VIEWS

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China reveals the world’s fastest ground vehicle in the world, travelling speeds of 600kph

Travelling innovation is speeding up and China is at the forefront with the Maglev bullet train making its debut in Chinas, Qingdao.

The Maglev Bullet train

The Maglev bullet can reach a maximum speed of 600 kph. In comparison, a plane flies at around 800 kph. The China Railway Rolling Stock Corporation developed the world’s fastest train.

Maglev represents “magnetic levitation”, referring to its floating appearance above the tracks. The Maglev simply glides above the tracks using its electromagnetic forces.

Speed isn’t the train’s only stand-out feature, it also emits low levels of noise, pollution and requires less upkeep.

A win for China

High-speed rail is at the top of China’s priority list. The aim of the train is to create transport between major areas within hours.

The aim is to connect cities with reduced travel times and expenses. China is the world’s most populous country and this will fill a significant demand in the travel sector.

China has one Maglev line in commercial use. It connects Shanghai’s Pudong Airport with the city, in about seven minutes.

However, before these trains can be rolled out for widespread use and travel, more Maglev tracks will need to be installed.

China’s newest train is expected to be ready for widespread commercial use within the next decade. 

Others on the market

Advances in train technology have taken off in recent years. Japan has a bullet train that can reach speeds of 400kph.

In the United States, a train track near Orlando International Airport is underway for a train that will reach speeds of up to 200 kph.

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Sport

The Greek Freak triumphs all | ticker VIEWS

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In a world of NBA Super teams, one man won against all odds.

Ever since LeBron James took his talents to South Beach in 2010, N.B.A. super teams have become the new norm. A super team refers to the best players in the league teaming up to secure a championship.

All that changed in recent days with the Milwaukee Bucks winning the championship. Giannis Antetokounmpo put together one of the greatest performances in NBA finals history, to secure a 4-2 victory over the Phoenix Suns.

Antetokounmpo also ranks as the first NBA Finals MVP to have also won the league’s Most Improved Player Award.

Giannis score 50 points and 14 rebounds in game 6.

He called out other players for winning the “easy way” in recent times.

“It’s easy to go somewhere and win a championship with somebody else … this is the hard way to do and we did it.”

ANTETOKOUNPMO SAID AFTER THE WIN.

James Harden, Kevin Durant, Anthony Davis, Kyrie Irving all left their respective teams to chase glory. Giannis stayed.

The comments may have not necessarily been a dig at his opponents, but it sure came off that way.

The two-time M.V.P. could’ve signed with a team that already had another superstar, in place to give himself the best chance to win a championship. 

Instead, he stuck around in a small market and prevailed to win the Finals M.V.P. and lead the Bucks to their first championship in 50 years.

Antetokounmpo was the 15th pick in the 2013 NBA out of Greece, where he played at Filathlitikos.

Him and his brothers are of Nigerian decent, with a strong basketball background.

The Greek superstar was true to his word and now has the highest form of glory to show for it.

The NBA could be entering a new era, with the new Finals MVP and the centre of it.

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Climate

Europe floods, while the US burns | ticker VIEWS

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Europe is seeing disastrous floods, while parts of the United States are seeing record-breaking heatwaves

The severity of extreme floods and heatwavs is leading experts to blame climate change.

Catastrophic floods are ravaging parts of Europe, including Germany and Belgium. The areas have seen over two months’ worth of rain in two days.

The flood death toll now sits at 188 people with German Chancellor Angela Merkel describing the floods as “terrifying”.

“Climate change means we’ll have more events, more powerful, more often. “

Scott hamilton

Record heatwaves in US & Northern Ireland

A record-breaking heatwave is gripping the western parts of California. It’s causing 70 devastating wildfires to ravage across California and Oregon.

The wildfires are caused by an unprecedented heatwave, that scientists say was driven by human-caused climate change.

“There is a clear human fingerprint on this particular extreme heatwave in the Pacific Northwest, and in general on extreme heatwaves everywhere in the modern era we’re living though.”

Daniel swain, ucla climate scientist

Northern Ireland has also recorded its highest temperatures of 31.2 degrees Celcius, in Ballywatticock, County Down.

For context, the previous highest temperature of 30.8 degrees Celcius was recorded in 1983.

“Just another sign we are facing dangerous climate change”

Scott Hamilton

In other news this week:

The EU Green Deal

The European Union Green Deal is deemed the ‘fit for 55’ package. Its aim is to enable the European Union to deliver its commitments to cut emissions by 55% by 2030.

Its aim is to make Europe the first climate-neutral continent in the world.

It will set the EU on a path to reach its climate targets by 2030 in a fair, cost-effective, and competitive way.

China introduces carbon trading

China is putting in a carbon trading scheme, in a bid to cut back on its emissions. It will cover approximately 2,200 power companies, with a step in the right direction.

The scheme will put pressure on Chinese emitters to use less coal and switch to cleaner energy sources. However, this will hurt Australian exports in the future and demand cleaner alternatives from Australia.

Australian Environment Minister duty of care

Environment Minister Sussan Ley will appeal a declaration by the Federal Court that she owes a duty of care to protect children from the effects of climate change.

The eight schoolchildren who are fighting the case to the federal court are concerned about the decision to appeal, with one saying the government was now fighting for the right to cause them harm.

Watch this weeks full episode of tickerCLIMATE here: https://tickernews.co/ticker-climate/

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