This week might be remembered as one of the turning points in the fight against climate change as good news came from Canada, India and the European Union. The Paris Agreement will indeed come into force by the end of the year.
Last week the Brazilian Senate ratified the Paris Agreement, making it one step closer to make this major climate change mitigation effort a reality. Brazil is the sixth world biggest carbon emitter and the biggest to ratify to date.
The drought that is affecting Brazil so much is also undermining Uruguay and its large dependance on hydro energy ( 74 percent of local electricity ). The current alternative to hydro is oil. So the country will invest $2.6 billion ( 2.3 billion euros ) in wind energy in the next couple of years.
Last year I was reporting that we were 6.5 million people working in the Renewable Energy Industries. If I have – temporarily – left it, many more have joined as now this figure reaches 7.7 million people.
According to Bloomberg New Energy Finance global investments in clean energy such as wind and solar bounced back in 2014 with an increase of 16 percent over 2013. They reached $310 billion (260 billion euros).
Pope Francis, the head of the Catholic Church, is due to call over a billion Catholics to act on climate. Ahead of the Paris Climate talks later this year, this is a big move that may even more tilt the balance on action.