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Deirdre Fulton – Global Economic Realities Confirm, the ‘Future is Not in Fossil Fuels’

Underscoring the need for a global shift to a low-carbon economy, a new report finds a record number of U.K. fossil fuel companies went bust in 2016 due to falling oil and gas prices. The Independent reported the analysis from accounting firm Moore Stephens which found “16 oil and gas companies went insolvent last year, compared to none at all …

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Henner Weithoener – India’s Solar Power Is Set to Outshine Coal

BERLIN—India wants to provide its entire population with electricity and lift millions out of poverty, but in order to prevent the world overheating it also needs to switch away from fossil fuels. Although India is blessed with ample sunshine and wind, its main source of energy is coal, followed by oil and gas. Together, they provide around 90% of the total …

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Climate Change Puts Trillions of Dollars of Assets at Risk: Study

Trillions of dollars of non-bank financial assets around the world are vulnerable to the effects of global warming, according to a study on Mondaythat says tougher action to curb greenhouse gas emissions makes sense for investors. Rising temperatures and the dislocation caused by related droughts, floods and heatwaves will slow global economic growth and damage the performance of stocks and bonds, …

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Michael T. Klare – A New World Beckons

Historically, the transition from one energy system to another, as from wood to coal or coal to oil, has proven an enormously complicated process, requiring decades to complete. In similar fashion, it will undoubtedly be many years before renewable forms of energy — wind, solar, tidal, geothermal, and others still in development — replace fossil fuels as the world’s leading …

renewable energy

Renewable energy redoubles its global reach By Alex Kirby

As the world economy and energy use both grew in 2014, renewables continued their rapid rise− but carbon emissions did not.  LONDON, 27 June, 2015 − A significant threshold has been crossed by renewable energy as analysts report that the sectorʼs size last year reached double the level it was at just 10 years earlier. This expansion happened in a year when the global economy and energy …

IEA warns of 4.3C temperature jump from climate change

The International Energy Agency on Monday warned temperatures could jump by as much as 4.3 degrees Celsius by the end of the century and urged countries to improve their pledges on reducing emissions. In a report ahead of a climate change conference in Paris this year, the IEA said more should be done to reach the goal of keeping the …

In Fight Against Global Warming, the World is Way Off Target – Deirdre Fulton

In what is being called the most definitive assessment yet of national emissions pledges aimed at meeting global climate goals, the International Energy Agency on Monday released a major report showing that without “learning to live within its means,” the world is set to miss a critical target. In its World Energy Outlook Special Report 2015: Energy and Climate Change (pdf), the Paris-based agency states that …

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Plants may not protect us against climate change – Tim Wogan

Plants are one of the last bulwarks against climate change. They feed on carbon dioxide, growing faster and absorbing more of the greenhouse gas as humans produce it. But a new study finds that limited nutrients may keep plants from growing as fast as scientists thought, leading to more global warming than some climate models had predicted by 2100. Plants …

cost of oil

Putting The Real Story Of Energy And The Economy Together – Gail Tverberg

What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute other forms of energy, or do without. Another version of the energy and the economy story is the view of …