The climate agreement reached in Paris was an unprecedented global achievement. Unfortunately, the climate action plans submitted by the signatory countries fall far short of the energy shift the world needs. Recently released reports by the Energy Transitions Commission highlight what needs to be done to limit global temperature rise to well below 2 degrees C and elaborate on pathways for how to go about doing it.
Energy efficiency and renewables are indispensable weapons in the fight against climate change, but the real challenge is keeping fossil fuel reserves in the ground.
The small country of Denmark (pop. 5.6 million) is making a big commitment to renewables. In the early 1970s imported oil supplied 92 percent of Denmark’s energy. Today Denmark’s electric grid is over 40 percent renewably powered, and the country is aiming to reach 100 percent renewable electricity by 2035…
Yesterday, the Supreme Court issued a stay to halt the Clean Power Plan regulation. Here are ten policies, trends, and market forces that are having a larger substantive impact on the trajectory of CO₂ emissions in the U.S. than the Clean Power Plan will.
Why should equity markets tank when oil prices do? Beats me. Among many sources of jitters, this shouldn’t be a big one (though The Economist demurs). When oil prices fall 70+ percent, oil companies and their lenders and investors suffer, so do oil-dependent communities, but oil users (far more…