Decarbonisation could move Earth Overshoot Day by 21 days

first_imgHowever, a whitepaper by Schneider Electric and the Global Footprint Network shows that if “100% of the existing building and industry infrastructure were equipped with available energy efficiency and renewable energy technologies, the date of Earth Overshoot Day would move back by 21 days at least.” Read more stories on:DecarbonisationParis Climate AgreementSchneider Electric Finance and Policy RELATED ARTICLESMORE FROM AUTHOR The recommendationsinclude: “One-planetcompatibility has to become a new measurement of how a given business strategyhelps society, or not, move the date of Earth Overshoot Day,”said Xavier Houot, senior vice president Global Safety, Environment, RealEstate at Schneider Electric. AFD and Eskom commit to a competitive electricity sector Moving the date ofEarth Overshoot Day back 5 days each year would allow humanity to reach one-planetcompatibility before 2050. Solutions that#MoveTheDate are available and financially advantageous. Significantopportunities are to be found in five key areas: cities, energy, food,population, and planet. Sign up for the ESI Africa newsletter Earth Overshoot Day marks the day when human demand for food, fibre, timber, and carbon absorption (global Ecological Footprint) exceeds the number of biological resources that earth’s ecosystems can renew in the whole year (global biocapacity). TAGSdecarbonisationParis climate agreementSchneider Electric Previous articleNcondezi welcomes co-developers for 300MW coal-fired power projectNext articleOp-Ed: Eskom Board must put safeguards in place Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. The white paper“The Business  Case for One-planet Prosperity,” is availablefor download here… Recommendations included in the whitepaper aims to delay Earth Overshoot Day to December 31 or beyond.center_img BRICS “Such a metricforces the adoption of an outside-in lens and introspect: ‘does our businessoperate within one-planet constraints and boundaries?’ and ‘do our offerstangibly help our customers move out of ecological overshoot?’. If the answersare positive, long-term prosperity is much more likely. Being part of thesolution carries increasingly more weight in the eyes of investors, markets,and today’s workforce.” The costs of thisglobal ecological overspending are becoming increasingly evident in the form ofdeforestation, soil erosion, biodiversity loss, or the buildup of carbondioxide in the atmosphere. The latter leads to climate change and more frequentextreme weather events. Low carbon, solar future could increase jobs in the future – SAPVIA Generation UNDP China, CCIEE launch report to facilitate low-carbon development For instance, cuttingCO2 emissions from fossil fuel burning by 50% would#MoveTheDate by 93 days. The date has moved up by a full two months over the last 20 years and 29 July is the earliest date ever. Decarbonisation of energy networks. Cutting global carbon emissions in half would move the date by three months, according to the whitepaper.Energy retrofits alone could delay the day by three weeks.If the day is moved back by five days every year, we will be back to one-planet compatibility before 2050, in line with the Paris Climate Agreement. We are currently using the planet’s resources 1.75 times faster than nature can renew, creating a four-month deficit over the year – carbon emissions make up 60% of the total ecological footprint. As of 29 July 2019, the world would have used ‘nature’s resource budget’for the entire year, says the Global Footprint Network. last_img read more