With the Paris climate deal, the world has created the mother of all take-back schemes, writes Myles Allen, Professor of Geosystem Science at the University of Oxford. According to Allen, fossil fuel companies donât necessarily have to stop producing CO2 â they just need to be required to ensure it doesnât end up in the atmosphere. #takebackCO2 â start tweeting it now! Courtesy of The Conversation. … [Read more...]
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Historic Paris climate pact – experts react
After two weeks of negotiations in Paris, the worldâs nations have reached a global deal to tackle climate change (read the text here). The agreement commits 196 countries to help limit global warming to âwell below 2â above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5ââ. In this article, experts associated with The Conversation react to the agreement. … [Read more...]
What Paris means for the energy sector: start of a whole new clean economy
As the UN climate talks in Paris are nearing completion, the implications for the energy sector are becoming clear. The 186 national action plans that will form the basis of an agreement really amount to clean energy investment plans, observers say. âA whole new economy will be created.â What this means for fossil fuels is uncertain. Although the term decarbonisation has been replaced by a much vaguer âemissions neutralityâ, Â few believe that a 2 … [Read more...]
New: renewables can now play important role in industrial development
Thanks to massive cost reduction, renewable energy can now be used by developing countries in their industrial growth strategies, which was unthinkable until recently, writes John Mathews of Macquarie University in Australia in a new publication from UNIDO, "Promoting Climate Resilient Industry". Mathews notes that renewables can help countries expand manufacturing and create jobs, reduce local pollution, increase energy security and reduce … [Read more...]
COP21: a deal is in the making
As we enter the second week of the worldâs make-or-break UN climate conference, the elements of a new global climate agreement are falling into place. It will provide energy companies the world over with the certainty of a long-term climate goal and of a push from governments to make them pay for their greenhouse gas emissions. But it will also recognise that the world has changed since the Kyoto Protocol and that emerging economies like China … [Read more...]
The Autowende has begun
In the next 60 months the automotive industry will see more change than in the last 60 years, writes entrepreneur Michiel Langezaal. He notes that Asian and US manufacturers are putting massive resources into developing batteries, electric drive trains and solar cells. Nothing like this is happening on a similar scale in Europe. European car and energy companies need to go all-out for the Autowende or Europe will miss out on the next trillion … [Read more...]
Apocalypse when?
Global warming is a slow-motion apocalypse that might end civilization as we know it, writes author Tom Engelhardt of Tomdispatch.com. According to Engelhardt, to prevent such an outcome, âsuccessful negotiations in Paris can only be the start of something far more sweeping when it comes to the forms of energy we use and how we live on this planetâ . … [Read more...]
Why corporate sustainability won’t solve climate change
In the run-up to the much-anticipated COP21 international climate summit in Paris, business leaders worldwide have shown substantial support for action on greenhouse gases, writes David L. Levy, Director of the Center for Sustainable Enterprise at the University of Massachusetts Boston. But according to Levy, voluntary corporate efforts wonât solve the climate problem. We need massive structural changes in our energy and transportation systems. … [Read more...]
Energy Union as âenergy democracyâ
Citizens are at the core of the EUâs most ambitious energy strategy to date, the Energy Union, according to the European Commission. But how exactly could they get involved? Since 2012 social scientists with the R&Dialogue project have been working on processes to engage citizens, NGOs and industry in the energy transition. Their conclusion: citizens and companies should cooperate in participatory, âdemocraticâ structures to create a … [Read more...]
State of the Energy Union: the political work has yet to be done
The European Commission appears to be making a valiant effort at getting the Energy Unionâs goals internalised into an institutional process that does not scare off Member States wary of âmore Europeâ. However, writes Oliver Sartor of the Institute for Sustainable Development and International Relations (IDDRI), the key test for the Energy Union will be how well it can succeed at getting Member States to buy into its objectives. The Energy Union … [Read more...]
Stanford: world can go 100% wind, water, sun by 2050 – and save money
Reneweconomy.com A new analysis from Stanford University has laid out a roadmap for 139 countries to power their economies with solar, wind, and hydro energy by 2050. It says the world can reach 80 per cent WWS (wind, water and sunlight) by 2030 and 100 per cent by 2050 with no impact on economic growth. … [Read more...]
Does the IEAâs new World Energy Outlook miss the global transition?
The energy transition from fossil fuels to renewables will likely be faster than the International Energy Agency predicts in its recent World Energy Outlook, writes Peter Simon Vargha, Chief Economist at Hungarian oil and gas company MOL. According to Vargha, we are at a point when renewables are getting cheaper than fossil fuels in many areas, and that means a whole different game. … [Read more...]
The curse of lignite: the long-term underdevelopment of Germany´s second largest mining region
The government of the German State of Brandenburg wanted to buy the lignite mines and power plants from Vattenfall in the Lusatia region to keep them open. The left-far-left coalition was motivated by economic reasons: to prevent job losses and de-industrialisation. But statistics show that Lusatia is actually worse off both economically and socially because of the presence of lignite mining, write Conrad Kunze and Anika Zorn, Social Scientists … [Read more...]
Carbon Tracker: fossil fuel companies risk wasting up to $2.2 trillion in the next decade
Carbon Tracker Initiative (CTI), the NGO that invented the concept of âstranded assetsâ (or âthe carbon bubbleâ) has today published a new report warning that, as a result of climate policies, âno new coal will be needed, oil demand will peak around 2020 and growth in gas will disappoint industry expectationsâ. According to CTI, over $2 trillion of new and existing investment is in danger of being wasted over the coming decade if governments and … [Read more...]
What Paris is likely to deliver
Prospects look bright for the Paris Climate Summit. The sole fact that this yearâs COP (Conference of the Parties) will start with the government leaders meeting instead of finishing with it, as was usual in the past, is promising, writes Rolf de Vos of Ecofys. According to De Vos, if the more than 80 world leaders who will gather in Paris, including Obama, Xi Jinping, Modi and Putin, will get the Summit off to a good start, the work of two … [Read more...]
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