This article first appeared in The Edge Malaysia Weekly on December 21, 2020 - December 27, 2020
FIVE years ago, on Dec 12, all 196 nations in the world signed a treaty in Paris to curb climate change. The United Nations official behind the deal, Christiana Figueres, said afterwards that it had “ignited a huge flame of hope” after two decades of tortuous negotiations.
The signatories all committed to cut their carbon emissions in order to limit global warming to “well below” 2°C above pre-industrial times, if not 1.5°C. Today, that promise has not only failed to materialise but total emissions have climbed compared to three decades ago, according to news emerging from the United Nations Framework Convention on Climate Change (UNFCCC).
Experts meeting in late November at a dialogue of the global forum on the climate crisis revealed that the aggregate greenhouse gas emissions of developed nations, excluding economies in transition, will actually be higher in 2020 than they were in 1990.
“This sombre fact demonstrates that the world’s most advanced developed countries not only failed to reduce their emissions to zero in the 30-year period from 1990 to 2020, but collectively failed to reduce their emissions at all,” Dr Gary W Theseira, technical adviser to the Malaysian Green Technology and Climate Change Centre (MGTC), says in a note to The Edge.
Given the dire consequences of this trend, UN Secretary-General António Guterres had to leave no room for doubt on the action needed to address the situation. Speaking at the opening of the Climate Ambition summit, a virtual event to mark the fifth year since the Paris climate pact was signed, Guterres called on governments to declare a “state of climate emergency” and to fulfil their promises to slash carbon pollution as they recover from the Covid-19 pandemic, the France24 news channel reported.
“If we don’t change course, we may be headed for a catastrophic temperature rise of more than 3°C this century,” he said on Dec 12.
Theseira draws attention to the gross negligence of the richest nations and companies highlighted in a report by public interest groups in October entitled “NOT ZERO: How ‘net zero’ targets disguise climate inaction” (see illustration). When read together with the report by these climate justice groups, he says, the UNFCCC experts’ dialogue “illustrates how the most profitable and deeply entrenched emissions are enabled, supported and even justified by the lowest cost emissions reductions measures”.
Among other things, the Not Zero technical briefing points out that there is simply not enough available land on the planet to accommodate all of the combined corporate and government “net zero” plans for offsets and carbon capture and storage tree plantations, says Theseira.
To raise the profile of the climate emergency in the public eye, Climate Governance Malaysia (CGM) — an initiative that aims to bring corporate boards up to speed about their responsibilities on climate resilience and sustainability — has brought various stakeholders together to highlight the state of play as we mark the fifth anniversary of the Paris Agreement.
CGM’s efforts are reflected in the views expressed by opinion leaders in this feature, including commentaries from the ambassadors of France and Sweden (see “Do the right thing before it is too late” and “Creating a fossil-free nation”).
“We’re now entering into what is likely to be the most critical decade in the history of humanity. In order for there to be a viable future for this planet, we need to take meaningful steps in the multi-decade carbon transition, which will be both deeply complicated and uncomfortable for many,” said CGM founder Datin Seri Sunita Rajakumar and CEO Action Network Working Group chair Luanne Sieh in an op-ed to mark the anniversary.
Notwithstanding the climate justice movement’s criticism of net zero goals as a false solution, the majority of nations and a growing number of corporations are rallying to the UN secretary-general’s call to commit to carbon neutrality by mid-century. The EU, Japan and South Korea, together with more than 110 other countries, have pledged carbon neutrality by 2050 while China says it will do so before 2060.
For PwC Malaysia executive chairman Datuk Mohammad Faiz Azmi, the target sets the world in the right direction, pointing the way ahead for corporations to take. “While there has been much discussion on climate awareness, green financing and a move towards environmental, social and governance (ESG) disclosures, real change will only materialise if they are embedded as national and corporate commitments. One way to do this is to adopt a net zero emissions target as a first step,” he says in an email to The Edge.
Major corporations are pushing the envelope. In October, Petroliam Nasional Bhd (Petronas) became the first oil company in Asia to commit to achieving net zero carbon emissions by 2050, and CIMB Group Holdings Bhd recently announced its commitment to phase out coal from its portfolio by 2040.
Says Mohammad Faiz, “Companies should commit to a net zero emissions target to set the tone from the top. This commitment will encourage the organisation to take a hard look at its business strategy and resource alignment, decide on what can or cannot be reduced and put in place an implementation plan towards achieving its net zero ambition.”
Hard choices about our development path need to be made. As one of only 17 countries in the world that have been identified as having mega biodiversity, attention is focused on deforestation in Malaysia along with other countries in the global south.
“The ongoing destruction of ecosystems, resulting in climate change, is creating pressure to change our land-use approach and produce agricultural crops in a sustainable manner,” CGM deputy chair Dr Kalanithi Nesaretnam tells The Edge in an email.
In Malaysia, 3.9 million hectares of forest have been cleared for oil palm plantations since 1990, she notes.
By embracing the criteria set by the Roundtable for Sustainable Palm Oil, which is the highest standard for any vegetable oil, and introducing the mandatory Malaysian Sustainable Palm Oil standard, the country is on track to persuade critical buyers that Malaysian palm oil is sincerely adopting nature-based solutions to protect its ecosystems, says Kalanithi. “The next step is to restore biodiversity in existing oil palm landscapes,” she proposes.
Yet, this is only the tip of the proverbial iceberg as far as climate resilience goes. The nation’s to-do list includes a climate change act, a carbon tax, mandatory corporate reporting on climate risks and enough public funding for a pivot to climate mitigation and adaptation measures, says Sunita. “Is it too late?” she asks.
“The longer we take to start taking real action, the steeper and more drastic the transition will be. This is a transition that needs all of society, including all of the government’s attention and will, to act.”
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