No wonder young people have taken the reins of the climate demonstrations away from the adults. Zeke Hausfather at Carbon Brief shows that the global budget for avoiding warming of 1.5C or 2C has already been mostly used up. To put that in numbers, if children emit like their parents they’ll exhaust their carbon budget in just 9 years. It’s why emissions must peak in the next few years and then rapidly decline to hit the Paris targets. That’s … [Read more...]
Nuclear – critical choice for 2050
As the urgency of the climate crisis becomes more obvious, nuclear power is drawing another look. The power sector needs to develop to meet climate targets. Renewables (RES) have taken significant share of the energy mix in recent years but going further means securing far more investment and solving the complex challenge of integrating variable power. There is a need for alternatives to run alongside RES, keeping us on track. Matthew Wald from … [Read more...]
The Saudi Dilemma: To Cut Or Not To CutÂ
Following November's G20 meeting in Buenos Aires and the ensuing OPEC meeting earlier this month, the Kingdom of Saudi Arabia is still left scratching its head. 90% of the Kingdom's income comes from Oil. As US shale keeps piling on the pressure, some argue they have enough in the bank to fund higher production levels and even lower prices for another 10-years. But their Vision 2030 initiative, to radically diversify their economy, also requires … [Read more...]
US shale has a glaring problem
With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com. … [Read more...]
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