Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Egypt signs strategic agreements to attract global investment in gold, mineral exploration    Egypt launches first national workshop on food systems, climate action with UN, global partners    Al-Sisi reviews Egypt's food security, strategic commodity reserves    Syria says it will defend its territory after Israeli strikes in Suwayda    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's gold prices grow on July 13th    CBE's Abdalla attends Arab central bank governors' meeting ahead of Sept summit    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Egypt, Mexico discuss environmental cooperation, combating desertification    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Déjà vu in Paris: 21st time lucky? Of course not
Published in Daily News Egypt on 30 - 11 - 2015

If you do not learn from history, you are bound to repeat it. Here in Saint-Denis, northern Paris, a history lesson is sorely needed.
Thousands are gathering here for the 21st international global warming meeting. Hotels are already near-full, broadcasters are setting up, protestors are preparing to roar.
All because this summit is "the last chance" to avert dangerous temperature rises, if we listen to the Earth League or a bunch of others. It is going to be "too late" if a meaningful treaty is not negotiated here in the next few days, says the French president.
It is a familiar script, though, is it not? I remember people including United Nations Secretary-General, Lord Stern, and the UK prime minister Gordon Brown all agreeing that the 2009 global warming meeting in Copenhagen was the world's very "last chance". "If we do not reach a deal," Brown went so far as to say, "no retrospective global agreement in some future period can undo that choice. By then it will be irretrievably too late."
Even by 2009, Brown was a late hanger-on to a crowded bandwagon. Doom-laden warnings about the "last chance to save the planet" date as far back as the earliest climate summits, 20 years ago.
TIME Magazine declared 2001 "A Global Warming Treaty's Last Chance", and in 1989 the UNEP executive director warned that the planet faced an ecological disaster "as final as nuclear war" by the turn of the century.
Amid this alarmism, for 20 years well-intentioned climate negotiators have tried to do the same thing over and over and over again: negotiate a treaty that makes an impact on temperature rises. The result? Twenty years of failure with no significant effect on climate change.
These summits have failed for a pretty simple reason. Solar and wind power are still too expensive and inefficient to replace our reliance on fossil fuels. The Copenhagen-Paris approach requires us to force immature green technologies on the world even though they are not ready or competitive. This is hugely expensive and inefficient.
Thanks to campaigning NGOs, politicians and self-interested green energy companies which benefit from huge subsidies, many people believe solar and wind energy are already major sources of energy. The reality is that even after two decades of climate talks, we get a meager 0.5% of our total global energy consumption from solar and wind energy, according to the leading authority, the International Energy Agency (IEA). And 25 years from now, even with a very optimistic scenario, envisioning everyone doing all that they promise in Paris, the IEA expects that we will get just 2.4% from solar and wind. That tells us that the innovation that is required to wean the planet off reliance on fossil fuel is not taking place.
Instead of hoping that the experiment will succeed on the 21st go, the leaders gathering here this week should change course and invest a lot more in research and development of green energy technology. If we could innovate down the price of green energy so it could genuinely compete on the market, everyone would be interested in a transition away from fossil fuels.
Over the next two weeks, I will report from Paris on developments. I am sure we will hear nice speeches and grand promises. There will be all the usual political intrigue and drama. Anything could happen. But I can tell you one thing for sure right now: history suggests this "last chance" will unfortunately come and go with no real impact on temperature rises.
Bjorn Lomborg is Director of the Copenhagen Consensus Center and Visiting Professor at Copenhagen Business School. He researches the smartest ways to help the world, for which he was named one of Foreign Policy's Top 100 Global Thinkers. His numerous books include The Skeptical Environmentalist, Cool It, How to Spend $75 Billion to Make the World a Better Place and The Nobel Laureates' Guide to the Smartest Targets for the World 2016-2030.


Clic here to read the story from its source.