Global agenda to consider finance, compensation: sent by the climate

“We have to be realistic but no less ambitious when it comes to climate,” he said of Bourbon de Parme.

“Our climate commitment has not changed, so we are not letting go and we are really increasing everything.

“Our entire energy network is being renewed, our wind energy at sea will be doubled and we are also renewing the pipes to be able to transport hydrogen.”

“Our climate commitment hasn’t changed, so we’re not letting it go and we’re really increasing everything.”

The envoy for the climate of the Netherlands, Jaime de Bourbon of Parma

The stated goal of Dutch Prime Minister Mark Rutte is to spend £ 35 billion ($ 52 billion) on a broader climate agenda, including the transition to hydrogen, but also measures such as isolation programs and spending on hydrogen. infrastructures.

Rutte supports a project in the port of Rotterdam in which Shell aims to generate hydrogen from North Sea wind turbines, while the country also wants to import hydrogen from Australia.

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“We will be able to produce in the Netherlands hypothetically around 50% of our needs by 2030,” said Bourbon de Parme.

“The other 50 per cent we will have to import. One of the studies has estimated that the Netherlands will import around 70 per cent of Europe’s needs through the port of Rotterdam.”

The government of the Netherlands estimates that the country has 240 companies working in hydrogen-related technology.

The European Union’s agenda at the next United Nations climate summit, to be held in Sharm el-Sheikh in Egypt in November, includes greater ambition in the goals of reducing greenhouse gas emissions. the phasing out of coal use, the commitment of funds to finance climate finance new projects and an international adaptation agreement.

EU Executive Vice President Frans Timmermans has cited the invasion of Ukraine by Russian President Vladimir Putin as a reason for greater ambition in terms of climate and ways to reduce fossil fuel use.

“The sense of urgency created by Putin’s aggression has clearly inspired many at the table to understand that we need to accelerate our energy transition and become more sovereign in the energy field,” Timmermans said at a meeting in Brussels last week.

“We also need to make sure we help our citizens reduce their energy bills, so the sooner we insulate homes, install solar panels and heat pumps, the less we will depend on gas (expensive gas ) and rather we will be able to pay the energy bills. down. ”

Australia made a $ 2 billion pledge at the UN climate summit in Glasgow last year when former Prime Minister Scott Morrison also pledged to zero net emissions by 2050, but developing nations have criticized the richer countries for doing too little to fund mitigation and adaptation efforts.

The November summit could put pressure on developed countries to commit more funds.

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The debate over “losses and damage” is also likely to challenge major economies when developed countries raise the possibility of compensation schemes for the impact of climate change caused primarily by carbon emissions generated for decades.

Australia produces 1.3% of greenhouse gas emissions, according to the World Resources Institute, and the EU accounts for 7.5% and the United States 12.7%. The largest emitter is China, with 26 percent.

The debate over “losses and damage” had to be addressed despite being a challenging topic that raised questions about legal disputes over the impact on developing countries of emissions produced by developed countries, Bourbon de Parme said. .

“Both the United States and Europe have realized that we cannot ignore the issue, that we need to address it head on, and therefore we need to start a dialogue on that,” he said.

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