#WEF20: Greta Thunberg versus Trump

Svein Tveitdals comments to “Greta Thunberg versus Trump” at World Economic Forum in Geneva on TRTNews

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The Paris Climate Agreement aims to hold the increase in global average temperature to well below 2 °C above pre-industrial (1880) levels and pursue efforts to limit it to 1.5 °C. To have reasonable chances to achieve this, global greenhouse gas emissions must be reduced sharply. With the current emissions (2016) we have only 4 years left to have a 50% chance to limit warming to 1.5 °C and 23 years to stabilize on 2 °C by the end of the century. Current pledges made by signatories to the Paris agreement may result in a warming from 2,7-3,6°C , and must be sharpened considerably. The Paris Climate Agreement represent major threats and opportunities for the business sector. To achieve the new global climate goals, 75% of the world's known resources of coal, oil and gas must remain in the ground. If we burn it all, the planet will crater. It looks like we can have a healthy balance sheet in big oil and coal, or a relatively healthy planet – but we cannot have both. But the end of the fossil area might be more than compensated by the growth of the low emission society. IRENA, the International Renewable Energy Agency, predicts there will be 24 million jobs in clean energy by 2030 from 8,1 million in 2015, driven in large measure by efforts to meet carbon reduction targets agreed in Paris