Climate Change The New Economy
Climate Change, Environment
This summer’s heatwave has provided a glimpse of the future, and it is not a pretty one. On current trends, the years to come will see rising temperatures, droughts, a fight to feed a growing population, and a race against time to reduce dependency on fossil fuels. The struggle to combat climate change brings out
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THIRTY YEARS AGO, while the Midwest withered in massive drought and East Coast temperatures exceeded 100 degrees Fahrenheit, I testified to the Senate as a senior NASA scientist about climate change. I said that ongoing global warming was outside the range of natural variability and it could be attributed, with
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According to a report by FTSE Russell, a key provider of stock market indicesand associated data , the green economy is now worth as much as the fossil fuel sector and offers more significant and safe investment opportunities, pointing towards even more significant growth in the future. The green economy is defined as an
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Every so often it’s helpful — and by helpful I also mean traumatic, so buyer beware — to pull the lens back and take a look at the big picture on climate change and what’s necessary to avert its worst consequences. In the journal Nature, journalist Jeff Tollefson recently offered that magisterial overview of
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Solar energy dominated global investment in new power generation like never before in 2017. The world installed a record 98 gigawatts of new solar capacity, far more than the net additions of any other technology – renewable, fossil fuel or nuclear. Solar power also attracted far more investment, at $160.8 billion, up
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UN Climate Change News, 3 April 2018 – Scientists are now worried that unless accelerated action is taken by 2020, the Paris goal may become unattainable, UN Secretary-General António Guterres told reporters at the UN’s New York Headquarters. The Paris Climate Change Agreement, adopted by countries in December 2015, aims to keep global temperature rise
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Global energy demand rose by 2.1% in 2017, more than twice the previous year’s rate, boosted by strong global economic growth, with oil, gas and coal meeting most of the increase in demand for energy, and renewables seeing impressive gains. Over 70% of global energy demand growth was met by oil,
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Oil, gas and thermal coal face varying challenges and degrees of risk in a climate-constrained future. This report looks at each of these fuels in turn with a focus on the upstream end of the value chain, comparing potential supply to a selection of different demand scenarios that result in
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The Arctic winter has ended with more news that is worrying even the scientists who watch the effects of climate change closely. The region experienced its warmest winter on record. Sea ice hit record lows for the time of year, new US weather data revealed on Tuesday. “It’s just crazy, crazy stuff,” said Mark
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In the last month alone, major players within the fossil fuel industry – “big oil” – have made some big announcements regarding climate change. BP revealed plans to reduce its greenhouse gas emissions by acquiring additional renewable energy companies. Royal Dutch Shell defended its US$1-US$2 billion green energy annual budget. Even ExxonMobil, until
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