In the words of Swedish climate change activist, Greta Thunberg, “change is coming, whether we like it or not.” Following 20th September’s global mass protests led by schoolkids demanding governments take urgent direct action to address climate change, came the UN Climate Action Summit on 23rd September. The closing press release from the UN (https://www.un.org/en/climatechange/assets/pdf/CAS_closing_release.pdf) states “major announcements by government and private sector leaders boosted climate action momentum, and demonstrated growing recognition that the pace of climate action must be rapidly accelerated.”
Some key outcomes of the Summit include 77 countries having committed to cutting greenhouse gas emissions to net zero by 2050, and over 100 business leaders having delivered concrete actions to align with the Paris Agreement targets, and speed up the transition to a green economy. In pledges to increase renewable energy capacity, 80 countries have joined the International Solar Alliance, and to reduce emissions, 87 major companies, with a combined market capitalisation of over US$2.3 trillion, have pledged to align their businesses with what scientists say is needed to limit the worst impacts of climate change.
With this climate crisis backdrop towards the end of 2019, it looks like 2020 heralds big changes across the world, and particularly in the energy sectors. We expect that will include a decline in fossils of the fuel variety, and the beginning of the end of the ICE (Internal Combustion Engine) car age.