At G-7 Summit, World Leaders Must Commit to Increasing Climate Finance for Developing Countries
Courtesy of Union Of Concerned Scientists
By Rachel Cleetus
The G-7 Leaders’ Summit is underway, from June 11–13, in Cornwall, UK. As host nation for this summit, and the annual climate talks later this year (also known as COP26), the UK will clearly be elevating the need for climate action, alongside dealing with the COVID-19 pandemic and trade issues. One priority that must get urgent attention: richer nations need to make concrete commitments to increasing climate finance for developing countries. Here in the US, 48 groups, including the Union of Concerned Scientists, have just sent a letter to Congress calling for increased funding for climate finance in the federal budget.
President Biden. Image courtesy of White House, via Union of Concerned Scientists
The G7 Leaders’ Summit must prioritize climate finance
At the summit, the leaders of the G-7 countries — the UK, USA, Canada, Japan, Germany, France and Italy, and the EU — will be joined by guest nations Australia, India, South Korea, and South Africa. Tackling climate change is one of the four policy priorities on the agenda.
Ahead of the Leaders’ Summit, the finance ministers of the G-7 nations met last week. The highlight of that meeting was the announcement of a commitment to a global minimum tax rate of 15 percent for major corporations. In a statement, US Treasury Secretary Janet Yellen said: “That global minimum tax would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the US and around the world.”
However, in terms of climate outcomes, the Finance Ministers’ Communique was disappointing. There were vague mentions of commitments to achieving net-zero emissions by mid-century and no major new financial commitments for clean energy investments or adaptation needs in developing countries, raising the stakes for more concrete actions at the Leader’s Summit and ahead of COP26.
On international climate finance, specifically, the text stated:
“We commit to increase and improve our climate finance contributions through to 2025, including increasing adaptation finance and finance for nature-based solutions. We welcome the commitments already made by some G7 countries to increase climate finance. We look forward to further commitments at the G7 Leaders’ Summit or ahead of COP26. We call on all the Multilateral Development Banks (MDBs) to set ambitious dates for Paris Alignment ahead of COP26, and welcome their work supporting client countries.”
The unfair and worsening toll of climate impacts
Worldwide, climate impacts are unfolding in terrifying and costly ways. Worsening heat waves, floods, droughts, tropical storms and wildfires are taking a mounting toll on communities and economies.
Last month, for example, the unusually intense Cyclone Tauktae struck the coast of Gujarat in India, after traveling up the western coast causing heavy rainfall and floods. The cyclone took the lives of over 100 people, including 86 at an offshore oil and gas facility. Tauktae was the fifth strongest Arabian Sea cyclone on record, with peak winds of 140 mph, and tied for the strongest Arabian Sea landfalling cyclone. This latest storm is part of a trend toward increasingly frequent and powerful storms in the Arabian Sea that scientists have attributed to climate change, and that is expected to worsen.
And in a new ground-breaking study, researchers found that across 43 countries, 37 percent of summer heat-related deaths can be attributed to human-caused climate change. In several countries, including the Philippines, Thailand, Iran, Brazil, Peru, and Colombia, the proportion was greater than 50 percent.
The bottom line is that many developing countries that have contributed very little to the emissions that are fueling climate change are bearing the brunt of its impacts. Richer nations, like the United States, which are responsible for the vast majority of cumulative carbon emissions to date, must take responsibility for the harm being inflicted on poorer nations.
Climate finance is also desperately needed for developing countries to make a low-carbon transition. To have a fighting chance of limiting some of the worst climate impacts, the world will have to cut heat-trapping emissions in half by 2030 and achieve net-zero emissions no later than 2050. The recent IEA net-zero by 2050 report points out that this is both feasible and affordable — as long as we make proactive, intentional investments in clean energy and curtail fossil fuels now, globally. That includes investments in decarbonizing every sector of the global energy system. It also means providing electricity to the 785 million people who currently do not have access, and clean cooking solutions to the 2.6 billion people who need them, most of whom live in developing countries — two priorities which the IEA estimates could be achieved by 2030 at a cost of about $40 billion a year and would deliver tremendous public health and economic benefits.
The necessary scale of international climate finance
In 2009, at the annual climate talks in Copenhagen, richer nations pledged to raise $100 billion a year to help developing countries cut their carbon emissions and adapt to climate change. Over ten years later, they have fallen woefully short.
The UNEP Adaptation Gap Report 2020, points out that “Annual adaptation costs in developing countries alone are currently estimated to be in the range of US$70 billion, with the expectation of reaching US$140–300 billion in 2030 and US$280–500 billion in 2050.”
Here in the US, the Biden administration and Congress must step up and ensure that this year’s federal budget includes a significant down payment on a US fair share contribution to climate finance, ahead of COP26. Forty eight groups, including the Union of Concerned Scientists, have just sent a letter to Congress, calling for a Fiscal Year 2022 allocation of at least $69.1 billion to support critical development goals and dedicating at least $3.3 billion of that for direct climate change programs as a step towards significantly increased international climate finance.
This is a minimum threshold, and a lot more will be needed in the years to come, including concrete steps from richer countries to recognize and respond to those crushing impacts of climate change that poorer nations simply will not be able to adapt to.
Sharp cuts in carbon emissions needed
Sharp cuts in global carbon emissions remain a core priority, especially with the latest data confirming — again — that we are far off track from where we need to be. While the 2020 economic downturn led to a brief dip in emissions, they are set to rise at a record-setting pace in 2021. Here too, richer nations must do much more. The Biden administration has made a significant commitment, pledging to cut US emissions 50–52% below 2005 levels by 2030, and we must now secure the domestic policies to deliver on that goal, starting with the American Jobs Plan.
An unconscionable gap between the rich and the poor
The gap in climate finance for developing countries is unconscionable. This mirrors the inequity in global vaccine availability, with richer nations stockpiling billions of surplus vaccine doses even as many countries have barely received any. With the climate crisis compounded by the COVID-19 pandemic and the resulting economic crisis, millions of lives are at risk and many more are being driven into poverty.
Just as with the COVID-19 crisis, solving the climate crisis will require collective global action. Equity is at the heart of ensuring the success of our efforts. Richer nations must both make sharp cuts in their own global warming emissions and contribute to climate finance for developing countries.
Environment
Africa’s waste industry just got a whole lot cleaner with its first electric garbage truck
Africa received its first heavy-duty commercial electric truck this past week, a Volvo Trucks FE Electric garbage truck (waste collector). The electric garbage truck will be the first fully electric heavy-duty truck from a global manufacturer to begin operation in Africa, marking a significant milestone as we move closer toward a sustainable transportation industry globally.
Volvo Trucks is leading the charge toward a cleaner future with a broad lineup of zero-emission heavy-duty electric vehicles.
Founded in Sweden in 1927, Volvo Trucks has a rich history in the truck-making business. The company’s first truck rolled off the line in 1928, and Volvo has been leading the industry to new heights ever since with innovations, such as the three-point safety harness, the first fully integrated sleeper compartment, and unique designs to increase efficiency.
Seeing the progression to fully electric vehicles sooner than many of its counterparts, Volvo Trucks moved the industry forward again, releasing its first electric commercial truck, the FL Electric, in 2019.
Volvo followed it up, unveiling the Volvo VNR Electric featuring a larger battery designed to extend range.
In September, Volvo added three massive 44-ton heavy-duty EV trucks to its portfolio, bringing its total lineup to six, the most extensive in the industry, as it continues to add zero-emission options in different commercial categories.
The company’s trucks are helping companies go electric to reduce emissions and promote a zero-emission global transportation industry across the globe.
Volvo’s most recent electric truck was delivered to Africa. Volvo delivered its first heavy-duty truck to Morocco, a Volvo FE electric garbage truck, which is a big step for both the truck maker and Africa as they move closer to achieving their climate goals.
Volvo delivers first heavy electric garbage truck to Africa
In a press release, Volvo said it had delivered a series-produced zero-exhaust emission garbage truck to the city of Rabat in Morocco. Martin Nilsson, managing director of Volvo Trucks Morocco, said:
This clearly shows that zero-emissions trucks have a role to play in many parts of the world.
Volvo’s extensive heavy-duty EV lineup makes electrifying in all parts of the world possible. Arma, a Moroccan waste management company, will use the zero-emission truck to, well, collect waste, of course.
By replacing the existing diesel fleet with a Volvo FE electric during typical routes, Volvo says over 20 tons of CO2 could be saved annually.
The addition is part of Morocco’s unconditional climate goal of reducing emissions by 18.3% by 2030. Volvo is also aiming for 50% of all new vehicle sales to be electric by 2030.
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Tesla is expanding its new sales strategy of using virtual sales advisers with remote test drive locations to Europe.
In the summer of 2021, Electrek exclusively reported that Tesla was implementing a new sales strategy. At the time, we reported that the main changes were that the automaker was moving away from high-rent locations in malls and shopping districts in favor of delivery centers and remote test drives.
The strategy is again focused on online sales, but Tesla has recognized that physical presence is still necessary to enable test drives.
When someone used to place an order for a Tesla vehicle online in North America, the customer was assigned a “Tesla Advisor” at their local store to help manage the process leading up to the delivery.
Instead, Tesla started to assign orders to “virtual sales advisors” not assigned to any specific stores, and customers could go to cheap remote test drive locations with Tesla vehicles in parking lots.
The company has been gradually implementing this new strategy in North America. Tesla has now expanded its strategy to Europe with its first remote test drive hub location in Sweden:
Tesla explains the simple process of using the location:
Book an appointment at http://tesla.com → call us when you’ve arrived → we remotely unlock the vehicle for you & walk you through the basics → test drive for 30 mins → drop off vehicle at the same location.
This enables Tesla to operate these locations with very few staff. The company simply needs to make sure those vehicles stay clean and charged.
When we first reported on the new strategy in 2021, sources told Electrek that Tesla was already seeing some success with the first few locations in the US.
Now that the company is expanding this strategy in Europe, we have to assume that the automaker is happy with it and has decided to implement it in new markets.
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Environment
Use CRAFTSMAN’s cordless electric pole saw to trim your trees as spring arrives at $129 in New Green Deals
As today is the first official day of spring, you’ll want to get ready to trim your yard up and get it ready for warmer weather with spring and summer parties on the horizon. That’s where CRAFTSMAN’s 14-foot cordless pole saw comes to play. It’s on sale for $129 right now, which is the first major price drop that we’ve seen since last summer when the same deal came around back in May. With no gas or motor oil, this electric pole saw can reach up to 14 feet and take care of branches that need to come down from your tree. We also have a wide selection of Tesla and e-bike discounts in today’s New Green Deals, so you won’t want to miss that either.
Head below for other New Green Deals that we’ve found today and of course Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Trim your yard up as we head into spring
Amazon is offering the CRAFTSMAN 20V Cordless 14-foot Pole Chainsaw for $129 shipped. Down from $169, today’s deal marks the first major price drop that we’ve seen since last summer. In fact, it marks the second-best price that we’ve seen since it hit $98 back in July of 2021. Perfect for getting your yard ready for spring, this pole trimmer will get your trees in tip-top shape as the weather warms up. There’s up to 14 feet of reach with the extension pole and you’ll find the angled head and blade allow for reaching where straight trimmers just can’t get to.
The included 4Ah battery pack allows for extended runtime compared to smaller models and there’s a charger included as well so you can always be ready to go. Of course, being battery-powered means no motor oil or gas will be required, and maintenance is minimal. Not sure what you’d need a trimmer like this for? Well, often there are low-hanging branches on trees that can get in the way of proper airflow through the leaves or possibly are hanging off of a branch below precariously. This allows you to trim things up without having to hire a professional service, saving you both time and money this spring.
EGO Power+ 21-inch electric lawn mower now $100 off before spring at $399, more from $228
Amazon is now offering the EGO Power+ 21-inch 56V Cordless Electric Lawn Mower for $349 shipped. Normally fetching $499, you’re looking at the best discount to date thanks to the $150 savings applied today. This clocks in at $50 under our previous mention and is the lowest we’ve seen this year. Powered by a 5Ah battery and rapid charger that are included in the box, this EGO Power+ mower arrives with a cordless design that can tackle medium-sized yards with a 45-minute runtime. Alongside a 21-inch cutting deck, there’s also 3-in-1 bagging features for bagging, mulching, and side discharging cut grass. Spring is right around the corner, making today’s discount a great chance to start off the new season on the right foot with a chance to ditch gas and oil from your lawn care routine while saving some cash along the way.
Also seeing a discount today courtesy of Amazon, the EGO Power+ 18-inch 56V cordless chainsaw is also marked down for one of the very first times. Dropping down to $315.61, this electric offering is now matching the all-time low from the usual $379 price tag. It’s one of the first chances to save since launching last summer, and delivers much of the same integration with the EGO Power+ 56V ecosystem. Perfect for getting all of those suspicious tree branches taken care of as you begin cleaning up the yard from winter this electric chainsaw is also ideal for chopping up the rest of that fire wood that lasted through the past few months, too. Plus, the 14-inch model is also on sale right now for $227.99 with the on-page coupon, down from $299 and marking a new all-time low.
Don’t let the lights go out when the grid goes down
The official ALLPOWERS Amazon storefront is offering its S1500 Portable Power Station for $499 shipped once you clip the on-page coupon. Originally $999, this portable power station fell to $899 in February before hitting $799 earlier this month. Today’s deal marks a new all-time low at $500 off and saves 50% from its normal going rate at Amazon. This portable power station has a lot to offer, with a constant output of up to 1,500W and the ability to peak at 3,000W. There’s four total AC outlets, three 2.4A USB-A ports, and even 100W USB-C PD output. All of this combines to power up to eight devices at one time through traditional plugs, while you’ll also find a 10A cat plug for an additional output option. When it comes time to recharge the ALLPOWERS S1500, it can be plugged into the wall, connected to solar panels, plugged in through USB-C, or even your car’s 12V/24V outlet.
Now that you know what all the ALLPOWERS S1500 has the ability to do, what all could it help you with? Well, a power station like this is great to have around for many reasons. As we head toward summer, and into hurricane season later in the year, there’s a good chance your power might go out. There have already been a number of bad storms across the US so far this year, with many losing power for hours or days. A power station like this that can output up to 1,500W concurrent or 3,000W peak means you can run a refrigerator, freezer, and even your TV and networking gear all without having to use a single drop of gas or oil at home. Plus, this power station can be recharged with solar panels like we mentioned, so when the power is out for an extended period of time, you can still enjoy at least some creature comforts at home.
New Tesla deals
After checking out the CRAFTSMAN 20V cordless 14-foot pole saw on sale above, if you keep read, you’ll find a selection of new green deals that will make your Tesla experience better in multiple areas. From storage to keep recordings on to phone mounts, car chargers, and anything else we can find, it’ll be listed below. Each day we’ll do our best to find new and exciting deals and ways for you to save on fun accessories for your Tesla, making each trip unique. For more gift ideas and deals, check out the best Tesla shop. Keep reading on for e-bike, Greenworks, and other great deals.
New e-bike deals + electric scooter discounts
If you’re looking to get out and enjoy the sunshine still after using your new electric mower, than we recommend you experience it than on another e-bike or electric scooter you just got at a fantastic price through one of our deals and sale below. You can use it for fun, exercise, or even transportation to and from work or the coffee shop. We have several people here that will regularly commute to coffee shops or offices on their e-bike, as it cuts down on fossil fuel usage as well as allows them to enjoy some time outdoors on nice sunny days. Below, you’ll find a wide selection of new e-bike deals and electric scooter deal in all price ranges, so give it a look if that’s something you’d be interested in picking up. As always, the newest e-bike deal and electric scooter discounts and sales will be at the top, so shop quick as the discounts are bound to go away soon.
Additional New Green Deals
After shopping the CRAFTSMAN 20V cordless 14-foot pole saw on sale above, be sure to check out the other discounts we found today. These new green deals are wide-ranging from outdoor lawn equipment to anything else we find that could save you money in various ways, be that cutting gas and oil out of your life or just enjoying other amenities that energy-saving gear can bring. As always, the newest deals will be at the top, so shop quick as the discounts are bound to go away soon.
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