The latest instalment of the IPCC report on Climate Change was recently released, attracting much less attention than the previous report a few years ago. This lack of attention is an ominous sign. The main issue arising in the report being that governments across the world need to do much more to mitigate Climate Change.
Here is what our Founder and Managing Director Don McLean has to say on the report…
“What’s interesting to me is that IPCC has now added ‘Climate Change adaptation’ to its terminology as well as ‘mitigating’, thus admitting that, whether we like it or not, the world is going to experience some level of Climate Change. Currently the target is to keep within two degrees Celsius above pre-industrial levels, however this is the level that many observers have stated that if reached will result in severe consequences for both people and the environment.”
“Since the last IPCC report we have seen dramatic change in the amount of fossil fuels available. At the release of the last report countries had concern over the peak oil, energy security and the increasing costs of fossil fuels. Today, through the emergence of new technology and the discovery of massive resources of fossil fuels that can be accessed through processes such as fracking and underground coal gasification, many countries now have sufficient fossil fuel resources to last them for centuries. It would be reasonable to conclude that the necessity for governments to react to Climate Change will be diminished, and as a consequence the only real driver in reducing our use of fossil fuels is Climate Change. Time will tell if governments will continue to set targets to reduce carbon emissions, but there is a real possibility if they don’t we will have to consider adaptation policies for much higher than a two degrees global temperature rise.”
“The next few years will be critical for governmental actions as the world economies emerge from recession and we see rapid economic growth in not just the BRIC countries but also the MINT countries. Will we see any reduction in global CO2 emissions before the next IPCC report is published? Unfortunately I doubt it.”