The ultimate price of anything is highly dependent on the cost of capital needed to put it in place. That cost reflects the risks financial markets perceive. And policy certainty reduces risk. Gireesh Shrimali, Christian Wilson and Xiaoyan Zhou at Oxford University, writing for WEF, summarise their global study which shows the cost of capital for different energy technologies, and therefore which ones will trend upwards and dominate. They cover … [Read more...]
IPCC’s latest AR6 synthesis report lacks urgency and realism. Its own numbers say so
Kevin Anderson at the University of Manchester explains his deep disappointment in the recently released and influential IPCC AR6 synthesis report. Even the mainstream media criticised the lack of urgency in the language. Anderson’s objections go further. He says the report’s own figures show net-zero must be reached by 2040, not the “early 2050s” as stated. Anderson goes on to criticise the modelling used as the standard, saying it is formulated … [Read more...]
