California doesn’t wait for Washington. As America’s most populous state by far, it is behaving like a separate nation when it comes to climate policies. Tim Buckley, Director of Energy Finance Studies at IEEFA Australasia, says it has become a global leader in renewable energy. Renewables provided 34% of its total energy needs in 2018, and the business community sees economic success in further progress. The author runs through the highlights, … [Read more...]
“Huge challenge to deliver enough oil and gas for 2ºC” – Statoil on Paris climate talks
In this video for viEUws - the EU Policy Broadcaster - journalist Sonja van Renssen is joined by Jos Delbeke (Director General for Climate Action, European Commission), Kathleen Van Brempt MEP (Vice-president of the S&D Group) and Eirik Wærness (Chief Economist and Vice President, Statoil) to debate the question: “Road to Paris: can the EU retain its leadership role at COP21?” … [Read more...]
What oil companies do is bad for the climate. But it may also be bad for investors
Climate campaigners have a new weapon in their arsenal: they say that if shareholders want value for money they had better start questioning the high-risk, high-cost projects oil companies are undertaking on a massive scale. And not just because of climate risks, but for purely economic reasons as well. The Carbon Tracker Initiative, which first put the idea of ‘stranded assets’ on the map (i.e. the notion that a large part of the fossil fuel … [Read more...]
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