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The Sixth Carbon Budget (2033-2037) charts the decisive move to zero carbon for the UK. The CCC shows that polluting emissions must fall by almost 80% by 2035, compared to 1990 levels – a big step-up in ambition. (1/12) #UKCarbonBudget 🧵

 Our recommended Sixth Carbon Budget would achieve well over half of the required emissions reduction to 2050 in the next 15 years, but decisive action must start today. (2/12) #UKCarbonBudget
The recommended Sixth Carbon Budget and UK NDC also reflect the goals and requirements of the Paris Agreement, recognising the UK’s responsibility as a richer developed nation and its respective capabilities. (3/12) #UKCarbonBudget
When we recommended the UK’s #NetZero target for 2050, we demonstrated that any negative economic impact was likely to be small and the overall impact could turn out to be positive. Our analysis for this report reinforces that finding. (4/12) #UKCarbonBudget
Our estimate of the annualised resource cost (which measures the net additional cost each year to deliver the same services with lower emissions) has fallen to less than 1% of GDP through to 2050. (5/12) #UKCarbonBudget
Delivering our recommended Sixth Carbon Budget will involve a large sustained increase in investment, adding around £50 billion annually by 2030 (compared to current economy-wide investment of nearly £400 billion). (6/12) #UKCarbonBudget
This required investment programme can provide a significant economic boost in the coming years and support the UK’s economic recovery from COVID-19. Our pathway also involves considerable opportunities for job creation. (7/12) #UKCarbonBudget
Government must organise for the major delivery challenge of Net Zero. A slower path for emissions reduction, and a looser Sixth Carbon Budget, would put the 2050 Net Zero target at risk and reduce the scope for learning-by-doing. (8/12) #UKCarbonBudget
UK climate targets cannot be met without strong policy action across Scotland, Wales and Northern Ireland, tailored for national, regional and local needs. (9/12) #UKCarbonBudget
Meeting the Sixth Carbon Budget will require action across four key areas; reducing demand for carbon-intensive activities, increased take-up of low carbon solutions, expansion of low-carbon energy supplies and in transforming the UK’s land. (10/12) #UKCarbonBudget
Delivering the actions required in the 2020s to meet the Sixth Carbon Budget requires policies to be strengthened now. Different sectors will decarbonise at different rates, reflecting the relative opportunities. (11/12) #UKCarbonBudget
Matching strong ambition with action is vital for the UK’s credibility. Government must set the Sixth Carbon Budget in law by the end of June 2021. It must be followed, as soon as possible, by a set of policies and proposals that would meet the budget. (12/12) #UKCarbonBudget

More from Climate change

Ed King
Ed King
@edking_I
It's (nearly) five years since the Paris Agreement was gaveled through… but was it any good? Tricky question. Based on emissions, temperature data and impacts, no. *But...* (thread)

The team at @SystemIQ_LTD have crunched the numbers & reviewed how far + fast sectors have shifted since 2015. Their take is the global economy could be a decade away from seismic tipping points that see the world move fast towards low carbon.

In 2015, zero-carbon technologies and business models could rarely compete with incumbent carbon-solutions. In 2020, zero-carbon solutions are competitive in sectors representing around 25% of emissions. In 2030 the figure’s looking like 70%.


What does this mean for a COVID-smashed world, where 2021 is shaping up to be a hellish mix of recessions and mass unemployment? Well, the 2020s could see a net increase of 35 million low carbon jobs if governments roll out the right policies + invest wisely.

Can the low carbon acceleration be pinned to Paris? Not entirely, but partly. In 2014 no-one talked of net zero targets. Now 120+ countries either have these plans or are working on them. By mid 2021 the US, China, EU, UK, Japan, Korea, Canada will have these targets.
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IndiaSpend
IndiaSpend
@IndiaSpend
#AirPollution, measured by annual PM2.5--particles finer than a human hair--reduced in bigger cities such as Delhi & Varanasi but increased in smaller cities such as Fatehabad & Moradabad, finds a @CSEINDIA analysis of 26 cities. Follow the thread for insights:

In many cities in the upper Indo-Gangetic plains, avg PM2.5 levels were above 2019 levels. #AirPollution in Fatehabad, in northern Haryana, deteriorated the most, with PM2.5 levels increasing 35% from 2019

The %age of PM2.5 in the coarser PM10--which determines air toxicity--was in the high 40s in Oct & remained so in Nov, averaging 55% in Amritsar, 48% in Chandigarh & 53% in Patna. It reached 64% in Amritsar, 69% in Chandigarh & 62% in Patna during #Diwali2020

#AirPollution reduced the most in Sirsa, 40km from Fatehabad, with a 44% lower avg PM2.5 2020 level vs 2019. This massive variation can’t be attributed to meteorology & has to do with local factors such as stubble burning, Avikal Somvanshi, CSE prog mgr, said in a press release

PM2.5 avg in Nov 2020 was 310% higher in Fatehabad, 104% in Agra and 57% in Kaithal, compared to November 2019
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Ben See
Ben See
@ClimateBen
The forests of Russia, Mongolia, Canada, Scandinavia and the US will experience unprecedented destructive heat by 2029 with staggering consequences for life on Earth.


Feedback loops created by permafrost melt & wildfire destruction represent just a few of the terrifying effects of climate change on boreal forest ecosystems, which are particularly at risk to rising temperatures. ⚠️🔥

https://t.co/zZNKrRnqoZ

Massive wildfires are already here.


More forest fires are burning in the Arctic in recent years than any time in the last 10,000 years.

🔺these massive arctic fires are showing worrying signs of becoming a vicious cycle

Wildfire-related carbon releases from permafrost regions will quadruple within decades.

Arctic wildfires, impacted by global warming, are in turn contributing to more climate breakdown.

🔺An increase in boreal & tundra fires in the future will enhance permafrost thawing.
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Zeke Hausfather
Zeke Hausfather
@hausfath
Fascinating new paper by @AndrewDessler and colleagues arguing committed warming might be higher than expected given historical pattern effects. Its combining a lot of different concepts together, so lets spend some time disentangling them https://t.co/ILi5z515Qy

A thread: 1/19

The paper's headline number is that we previously thought the world was committed to 1.3C warming, but that number is actually over 2C (> 1.5C by 2100). This is quite a different message than we get from Earth System Models, which suggest committed warming is only ~1.2C. 2/19

This would imply that the 1.5C by 2100 target is effectively impossible, and that long-term warming of >2C would be very difficult to avoid. However, the devil is in the details, and the picture is not quite as dire as it would seem at first glance. 3/19

When we talk about "committed warming" folks are generally talking about one of two scenarios: either constant CO2 and other GHG concentrations (and forcings), or getting all emissions (or just CO2 emissions) down to zero immediately. 4/19

In the first method – constant concentrations – we find that the world warms up another 0.5C or so, as the oceans continue to take up heat as more energy is being trapped by greenhouse gases than is being emitted back to space. Much of this additional warming happens by 2100 5/19
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\U0001f339\u269c\ufe0f \u2694\ufe0f \U0001d4ae\U0001d4bd\U0001d452\U0001d4c0\U0001d4bd\U0001d4be\U0001d4c3\U0001d4b6\U0001d4bd \u2694\ufe0f \u269c\ufe0f \U0001f339
🌹⚜️ ⚔️ 𝒮𝒽𝑒𝓀𝒽𝒾𝓃𝒶𝒽 ⚔️ ⚜️...
@PetahJane
FYI - The Storm approaches - take a look...

At the moment, POTUS is sitting on a stack of Trump cards that he's just waiting to unleash...a royal flush!

@John_F_Kennnedy @Pamelal33566076 @GeorgePapa19 @whitebunny @atvguy @stormis_us


He has court cases that will go to the Supreme Court and thanks to the Texas case, he's now aware how to file them properly... under article 3 not 2...

so the SCOTUS will be forced to listen.....He now has the DNI report. Barr stepped down and can now be a witness.....he did his job. Durham is special counsel and can prosecute, in any state....

He’s letting civil, criminal, and federal courts fail to handle the situation properly.....so he can use military tribunals. He has ALL the data from the NSA, the Kraken supercomputer, the Alice supercomputer and likely many more computers, unknown to us....

He has the dueling electors from 7 state legislatures. He has VP Pence, as the final arbiter of which ballots to accept.. the NDAA, the national emergency, the 14th amendment, the 2018 executive order, the 2017 very first EO, the Patriot Act, the FISA warrants,
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Pran Katariya
Pran Katariya
@KatariyaPran
The Straddle is my favorite trade these days. But more often than not, one needs to adjust to make a good return from it. There are many ways to do this depending on your view, psychology and imagination. Will discuss a few that I use

The Straddle is a delta neutral strategy and it is important to keep deltas in check during the course of the Trade and not let them run away from you. Of course Volatility is the elephant in the room- but not going there as that will require a separate discussion

The first and most common method is to go 'inverted.' That is to say to shift the untested side to generate additional Premium and increase the runway to Breakeven. So if you start with a Straddle at 700 and price goes to 740, you can move the PE up to say 720.

How much should you move the untested side? While again this is a matter of skill, experience and artistry, the rule of thumb is to cut deltas by half. Remember, prices will move and you have to allow sufficient room for them to fluctuate

The second method is to shift the entire Straddle in the direction of the move. So if you have a 700 Straddle and Price goes to 740, you can shift the Straddle to 720. If you time this right, it can generally be done at virtually no cost or minimal cost.
ALL , OPTION SELLING , STRADDLE OPTION SELLING
Conviction | Patience
Conviction | Patience
@unseenvalue
H was always unseen in S2NL :)

Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.

Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
UVLEARNINGS
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Matt Fuller
Matt Fuller
@MEPFuller
They’re shooting into the chamber.
POLITICS
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
RISHI PINGALA:THE ANCIENT INDIAN SAGE DISCREDITED FOR HIS MAJOR CONTRIBUTIONS TO MATHEMATICS & PHI

Have you ever heard about,"The Golden Ratio"?
The Golden Ratio or Phi(Greek) is a mathematical ratio of nature. Mother Nature is the most exquisite artist in herself.


&Its this Phi she uses to create all the beauty in World.
If anyone uses this ratio correctly in their art,it can turn into a spell-binding piece of work.Such is the significance of'Phi'.But my thread isn't about it.Its about somethin called'Fibonacci Series'&who actually made it


Phi is related to Fibonacci series(0,1,1,2,3,5,8,13,21,34...)
&this series is responsible for everything dat is beautiful on this planet. Just try to calculate the ratio of any 2 successive numbers ÷ each of them by the number before it in above infinite series.

E.g. 3/2=1.5, 5/3=1.666, 8/5=1.6, 34/21=1.61904 and so on. Did you notice something? The ratio is coming almost same every time. This ratio is called 'Phi 'which is numerically represented as 1:1.618. This Golden Spiral is made in exact proportion of 1:1.618.


The thing I want to emphasize here is that we always find only those things appealing and attractive that have Phi. It's in our subconscious. Isn't it some revelation? We are the part of this Divine proportion of the God or the Mother Nature. Check these:
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sriram
sriram
@SriramKannan77
12 Azhwars (Alwars)

The 12 Azhwars, (the Main composers of Naalayira Divya Prabandam - 4000 poetic Rhymes) are known as Nityasuris or Divyasuris; those who reside permanently with the Lord in His Heavenly abode.


They have incarnated as Azhwars -Vasihnavite Saints - to propagate Bhakthi Marga, devotion to Lord Vishnu.

Alwars have dedicated their lives towards Lord Sriman Narayana and they led their life by praising Him.

These Alwars were born in various parts of our country but they were all united in a common subject, ie dedicating their lives and praising the Lord.

Poigai Alwar, Bhoodath Alwar and Pei Alwar are collectively called as "Mudhal Alwars" were found in the same period of time.

Thirumazhisai Alwar, who thought the Perumal as his friend and has sung Mangalasasanam on Perumal.

Thirumangai Alwar was a great king and later, changed his life to work for the Perumal and for his bhaktaas.

Thondaradippodi Alwar, who is also named as "Vipra Narayanar" led his life as the servant to the God and did service to Him by offering beautiful Garlands.
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