“The Lima Call for Climate Action”

Lima COP 20There’s a deal, finally, out of the latest, exhaustive negotiating sessions from the UN Framework Convention on Climate Change:  “The Lima Call for Climate Action.”  What does it say?  It, for one thing, requires all parties to the convention to submit their plans for reducing emissions.  These climate action plans, called Intended Nationally Determined Contributions (INDCs), are due in the first quarter of 2015.  They will form the basis for the final agreement to come from Paris a year from now. Continue reading

Demand Destruction

us losing oil addictionWhile we’re waiting for our brothers and sisters in Lima to come up with a template for agreement in Paris next year, here’s a great story from Bloomberg about the demand destruction for oil.  (See my post, “Houston, You’ve Got a Problem,” for some background.)  If we keep on this trajectory for reducing greenhouse gases, an international treaty will be useful, certainly, but not essential. Continue reading