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Date
In Part 1, I summarized one of the documents that resulted from COP27 (for all of the acronyms you haven’t heard before, they’re covered in Part 1). The document of interest to me, and I humbly assert, to you as well, is called “Compendium of Climate-related Initiatives) and summarizes 128 projects worth a total of US$128B.
In researching the reports of NDCs, I came across a chart that led me to some new and even more exciting acronyms: INDCs and SSPs.
Here’s that chart:
The chart shows the effect of the NDCs (see, I told you, you need to read Part 1!) and INDCs are shown over time, through the year 2060.
NDCs are Nationally Determined Contributions. To help meet the Paris Agreement goals, every country is expected to prepare and communicate a nationally determined contribution (NDC) every five years. These include targets, measures and policies and are the basis for national climate action plans. INDCs? It’s a sort of ‘predictive’ form of an NDC – a plan for one.
The World Resources Institute makes it very clear:
In the lead up to the historic Paris Agreement on climate change, adopted in 2015, more than 160 countries and the European Union submitted their own plans to address climate change, known as Intended Nationally Determined Contributions (INDCs). According to the global climate pact, a country’s INDC is converted to a Nationally Determined Contribution (NDC) when it formally joins the Paris Agreement by submitting an instrument of ratification, acceptance, approval or accession, unless a country decides otherwise.
This article from the World Resources Institute details which countries have been making changes to their INDCs and how they are converting them into NDCs, including making them more stringent.
The different paths you see in the chart above reflect which SSP will drive the impacts on climate. OK, so what’s an SSP?
There's a nice explanation of SSPs on CarbonBrief.org.
The current set of SSP scenarios consists of a set of baselines, which provides a description of future developments in absence of new climate policies beyond those in place today, as well as mitigation scenarios which explore the implications of climate change mitigation policies. The baseline SSP scenarios should be considered as reference cases for mitigation, climate impacts and adaptation analyses. Therefore, and similar to the vast majority of other scenarios in the literature, the SSP scenarios presented here do not consider feedbacks from the climate system on its key drivers such as socioeconomic impacts of climate change.
Think of SSPs as a simulation resulting in the spaghetti map that forecasters use to show potential paths of hurricanes depending on a multitude of factors.
Below is a table created from various sources, including this one from Reuters.
So what about that pipeline?
Since this is a Project Management (or Project Leadership) blog, I want to leave you with some additional value besides the conversancy in climate related projects. The Portfolio of Climate Related Projects (as I re-titled the subject document) has an outstanding format, one that I assert we can learn from as project leaders. To wit, I attach below a few example “dashboard sheets”.
Below is an overview graphic that is an excellent way for any Portfolio Manager to show their executives how their projects “stack up”.
And, as promised, here are two examples of a project summary in an excellent dashboard format that shows funding, intent and other key elements in a very concise and clear manner.
I hope you found this very brief pipeline series informative and even a little inspiring.
Posted
by
Richard Maltzman
on: November 26, 2022 12:34 AM |
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