Flights in private jets are 10 times more polluting than commercial flights, according to T&E. It’s why, this summer, public anger grew over their use by celebrities and rich individuals, following the attention drawn to them by the Twitter account @CelebJets that tracks their use. Kylian Mbappe, Taylor Swift, Kylie Jenner, Elon Musk and many more: sports stars, pop stars, rich entrepreneurs, they were all named along with the very short … [Read more...]
$78tn net gain for compensated global Coal phase-out, when social benefits are added
Is replacing coal with renewables too expensive? No, it’s the opposite, explain Tobias Adrian at the International Monetary Fund, Patrick Bolton at Imperial College London and Alissa Kleinnijenhuis at the Oxford Martin School who summarise their paper. When the social benefits are added, the net gain globally is around $78tn under a conservative estimate. That’s equal to 1.2% of current world GDP every year until 2100 – these are real economic … [Read more...]
