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Trinidad and Tobago pledge 15 percent CO2 cuts by 2030
(2015-08-10)The Caribbean island nation of Trinidad and Tobago has pledged to reduce carbon dioxide emissions by 15 per cent across the transport, energy and heavy industry sectors by 2030, through a climate change plan expected to cost $2bn.

Trinidad and Tobago on Friday became the 52nd nation to announce greenhouse gas targets known as INDCs, which countries are pledging ahead of a major summit in Paris in December where they are expected to sign a global deal to tackle climate change.

It was followed swiftly by Benin, which is the fifth African country to submit its pledge.

Trinidad and Tobago, whose economy is mainly based on oil and gas production, said it would reduce CO2 emissions by 15 per cent across the three most polluting sectors by 2030, against a business as usual scenario - if the world agreed a deal in Paris.

The reductions would be delivered through a 30 per cent cut in public transport emissions and a shift from gas power to renewables.

The nation said the plan could cost $2bn, which would be delivered in part by the government, but also through the Green Climate Fund - the mechanism set up by the United Nations to funnel finance from rich nations to help vulnerable countries tackle the worst impacts of climate change.

Trinidad and Tobago said it was already seeing the impacts of climate change, including a rise in temperatures, and that it expected to be affected by rising sea levels and more extreme weather events such as flooding, hurricanes, hillside erosion and loss of coastal habitats in future.

The African nation of Benin also submitted its INDC on Friday, confirming plans to avoid between 120Mt and 163Mt of CO2 equivalent between 2020 and 2030. The transition would cost $30m, of which $2m would come from the government of Benin, it said.

http://www.businessgreen.com/bg/news/2421263/trinidad-and-tobago-pledge-15-per-cent-co2-cuts-by-2030
Author:Jessica Shankleman
Source:BusinessGreen
Date:Aug 11,2015