Ann: Results of Meeting, page-36

Hi All

The global climate change conference in Paris has adopted an historic international accord aimed at transforming the world's fossil fuel-driven economy within decades and slowing the pace of global warming to well below 2 degrees Celsius.  There will be an international climate review in 2018 and then ambitious greenhouse gas reduction programmes will begin around the world in 2020.

So what actually will nations need to do?  The following is from the NASA website:

"......Carbon dioxide (CO₂). A minor but very important component of the atmosphere, carbon dioxide is released through natural processes such as respiration and volcano eruptions and through human activities such as deforestation, land use changes, and burning fossil fuels. Humans have increased atmospheric CO₂ concentration by a third since the Industrial Revolution began. This is the most important long-lived "forcing" of climate change....." (NASA Website, December 2015).

According to the EPA Website (USA) the burning of coal, gas and oil to generate electricity and heat is the largest single source of greenhouse gas emissions.

Given the above it stands to reason that governments will have no choice but to assist the development of renewable energy solutions including, solar, wind and wave energy.  

As we know POW is just beginning the commercializing of the flexible, scalable and low cost wave energy solution the Protean Wave Energy Converter.  Governments and private industry will no doubt soon become aware that wave energy is high density, 24/7 365 days a year and IMO will have to become an attractive destination for large increases in R&D and commercialisation funding.

The timing could not be better for SHE, to be relisted as Protean Wave Energy Limited: POW on December 29, 2015.

All IMO

Regards,

Chilloutman