Anyone who has sat through UN negotiations knows that the process can be slow and frustrating. There are long stretches of inactivity followed by a day when you realize that big things can be achieved when people and countries come together to seek consensus. For those of us who have been working on climate issues in the aviation industry, last week marked the culmination of a number of years of work.
New analyses by the International Energy Agency, Bloomberg New Energy Finance (BNEF) and other experts confirm what I explained in my last blog: that China's revised historical coal consumption figures for 2000-2012, while significant in absolute terms, will not affect long term trends or impact the upcoming climate negotiations.
Presidents Xi Jinping and Barack Obama announced new and strengthened actions by both countries domestically and working together as part of a joint presidential statement on climate change. These commitments provide substantial new financing for developing countries to build low-carbon and climate resilient economies.