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UN: Phase Out Fossil Fuels by 2100

UN: Phase Out  Fossil Fuels by 2100
UN: Phase Out  Fossil Fuels by 2100

The UN warned in a comprehensive report that it is vital for the world to phase out fossil fuels by 2100.

The report, published by the UN’s Intergovernmental Panel on Climate Change (IPCC), underlines the paramount urgency with which human behavior must be adapted in order to cut carbon emissions, CNBC reported.

"Science has spoken. There is no ambiguity in the message. Leaders must act, time is not on our side," UN Secretary-General Ban Ki-moon said in presenting the report in Copenhagen that is meant to guide global climate policy-making.

With fast action, climate change could be kept in check at manageable costs, he said, referring to a UN goal of limiting average temperature rises to 2 degrees Celsius above pre-industrial times. Temperatures are already up 0.85 C.

The study, approved by more than 120 governments, will be the main handbook for negotiators of a UN deal to combat global warming due at a summit in Paris in December 2015.

To get a good chance of staying below 2C, the report's scenarios show that world emissions would have to fall by 40-70 percent by 2050 from current levels and to "near zero or below in 2100".

Below zero would require extracting carbon dioxide from the atmosphere - for instance by planting forests that soak up carbon as they grow or by burying emissions from power plants that burn wood or other biomass.

To cut emissions, the report points to options including energy efficiency, renewable energies from wind to solar power, nuclear energy or coal-fired power plants where carbon dioxide is stripped from the exhaust fumes and buried underground.

Without extra efforts to cut emissions, "warming by the end of the 21st century will bring high risks of severe, widespread, and irreversible impacts globally," the IPCC said.

"Irreversible" could mean, for instance, a runaway melt of Greenland's vast ice sheets that could swamp coastal regions and cities or disruptions to monsoons vital for growing food.

"The cost of inaction will be horrendously higher than the cost of action," Pachauri said.

Deep cuts in emissions would reduce global growth in consumption of goods and services, the economic yardsstick used by the IPCC, by just 0.06 percentage point a year below annual projected growth of 1.6 to 3.0 percent, it said.

So far, major emitters are far from curbs on emissions on a scale outlined by the IPCC. China, the United States and the European Union are top emitters.

John P. Holdren, Director of the White House Office of Science & Technology Policy, said the report was "yet another wake-up call to the global community that we must act together swiftly and aggressively in order to stem climate change."

"We must safeguard the world for future generations by striking a new climate deal in Paris next year," British Secretary of State for Climate and Energy Ed Davey said.

The report also says that it is at least 95 percent sure that manmade emissions of greenhouse gases, rather than natural variations in the climate, are the main cause of warming since 1950, up from 90 percent in a previous assessment in 2007.

Environmental groups welcomed the report, including its focus on zero emissions. "This is no longer about dividing up the pie. You need to get to zero. At some stage there is no pie left for anyone," said Kaisa Kosonen of Greenpeace.

Financialtribune.com