GOOD NEWS GIFTS FOR THE TWELVE DAYS OF CHRISTMAS
As we reach the end of 2023 you may feel that it has been all doom and gloom with so many climate disasters and devastating wars. But there a was A LOT of progress on climate action which often the news doesn’t focus on So here are twelve gifts for you ! ON THE FIRST DAY OF CHRISTMAS MY TRUE LOVE GAVE TO ME – CARBON EMISSIONS ARE PEAKING Peaking global emissions : there is a 70 percent chance that emissions from energy will begin to drop in 2024 ON THE SECOND DAY MY TRUE LOVE GAVE TO ME : AN ELECTRIC CAR In 2023 18 percent of new car sales were Electric. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. ON THE THIRD DAY – MY TRUE LOVE GAVE TO ME: SOLAR ENERGY! Solar is now the cheapest form of energy , the prices have dropped 90 percenhttps://www.bloomberg.com/news/articles/2023-10-19/solar-energy-has-crossed-a-global-tipping-point-study-finds ON THE FOURTH DAY – MY TRUE LOVE GAVE ME WIND ENERGY Wind energy costs also fell by 56 percent in the last decade ON THE FIFTH DAY – THE BEGINNING OF THE END FOR COALCoal use is predicted to have peaked and to begin dropping next year ON THE SIXTH DAY – CLIMATE COURT CASES Successful climate litigation cases are growing ON THE SEVENTH DAY – A LOSS AND DAMAGE FUND After years of campaigning it was a agreed that a Loss and damage fund would be set up to help countries most impacted by climate change ON THE EIGHTH DAY – A TRANSITION AWAY FROM FOSSIL FUELS COP28 also agreed to begin to transition away from fossil fuels – given how strong the oil lobby at COP28 was this is significant as will make investors consider potential future stranded assets ON THE NINTH DAY – DROP IN DEFORESTATION IN THE BRAZILIAN AMAZON Deforestation dropped by 22 percent as President Lula reversed President Bolsanaros’ policies ON THE TENTH DAY- A TREATY TO PROTECT THE HIGH SEAS A historic agreement was signed with the goal of protecting 30 percent of the oceans by 2030 – The treaty addresses a blaring gap in ocean protection, as only about 1% of the high seas is currently protected. ON THE ELEVENTH DAY – BATTERY STORAGE The challenge of intermittent energy from renewables is solved by battery storage. This is being solved by massive growth in battery storage – set to grow 15 fold by 2030. The price has also plummeted ON THE TWELFTH DAY OF CHRISTMAS MY TRUE LOVE GAVE TO ME FOREST PROTECTION BY EU The European Union has passed regulations to stop import of products grown on land which has been deforested since 2020
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