Tonight we are launching our Net Zero Carbon Roadmap for Leeds, which shows a pathway for how Leeds can get to net-zero emissions by the city’s target date of 2030.

Follow the live tweets @LeedsClimateCom #LeedsClimate #PCANcities
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We're looking forward to hearing responses to the roadmap's presentation by members of the Leeds Citizens' Jury, Polly Cook of Leeds City Council, @SimonBowens of Friends of the Earth and Elizabeth Edgington of @BITC

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Leeds’ carbon footprint has gone down: between 2000-2019 emissions fell by 40% (largely due to national decarbonisation of the grid).

Our share of the global carbon budget in 2020 is 31m tonnes; at ca. 4m tonnes a year, that’s used up by 2029

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During lockdown #1, emissions were ca. 43% lower – overall, in 2020, they were ca 13% lower than normal. Sounds encouraging, but this only delays the point we eat up our carbon budget by 2 months!
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Following science-based targets, Leeds needs to make 70% reductions by 2025 – which means another 25% reduction in emissions in the next 4-5 years.

We need to accelerate significantly!

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Our report looks at Scope 1 & 2 emissions, but when you take in to account Scope 3 (net carbon from consumption and longer distance travel, inc aviation) the challenge is even greater: flights taken by Leeds residents add ca. 21% to the existing baseline.

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How can we get to net-zero? The roadmap shows a range of cost-effective, cost-neutral and tech viable measures but this still leaves 40% gap…

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Homes and transport dominate the top-ten list of cost-effective options.
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Doing the cost-effective options would require £600m investment per year thru 2020s but would cut Leeds’ 2030 energy bill by ££651m a year and create getting for 15,000 years of extra employment.
This would close the gap by 41% …
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Cost neutral and technically viable options get more expensive - from £900m a year up to £1.1m a year - but they would help to close the gap up to 60%.... That still leaves 40% gap to close....

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To achieve Leeds' 2030 climate emergency target, we need to look at other innovative or 'stretch' measures.
That's ALOT of tree-planting, among other measures like hydrogen-based heating, electrification of domestic cooking, and more.

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The 'Mind the gap' graph, showing the impact that the various options have on Leeds' carbon footprint.

You can download the roadmap here: https://t.co/koiFvBkwR6

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More from Tech

What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!

@MadhusudanKela @VQIndia @sameervq

My key learnings: ⬇️⬇️⬇️


First, the BEAR case:

1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.

2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.

3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.

4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).

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