This article originally appeared in The Conversation. It can be found here. BP’s annual Energy Outlook report, released in February, details the results from modelling of what it sees as the “most likely” energy scenario out to 2035. In this … Continue reading BP’s extreme climate forecast puts energy giant in a bind
This article originally posted at the Conversation. View the original post here.
At the recent midyear UN climate negotiations in Bonn, an unprecedented 60 countries (including Germany) called for a total phase-out of fossil fuels by 2050, as part of a global agreement on climate change to be concluded in Paris in 2015.
Meanwhile, on tour in North America, Prime Minister Tony Abbott declared that:
For many decades at least, coal will continue to fuel human progress as an affordable, dependable energy source for wealthy and developing countries alike.
But Mr Abbott’s “coal forever” scenario is only likely if we fail to develop a global agreement to tackle climate change, which could come as soon as the end of next year in Paris. Such global action would dramatically reduce the use of fossil fuels over the coming decades, particularly coal for electricity production. Continue reading “Australia’s coal industry needs to prepare for global climate action”
Legendary hedge fund investor Jeremy Grantham says there is no doubt that solar and wind energy will “completely replace” coal and gas across the globe, it is just a matter of when.
The founder of $100 billion funds manager GMO Capital is known as a contrarian. But he suggests that the pace of change in the fuel supply will surprise everyone, and have huge implications for fossil fuel investments. Continue reading “Grantham: Wind, solar to replace fossil fuels within decades”
With about 37,007 megawatts (MW) of solar PV power installed in 2013, world solar PV power capacity increased about 35% to 136,697 MW.
A key element involves more than doubling the number of wind turbines in the next six years.
Already the world’s largest producer of wind power, China plans further massive increases. Continue reading “China on world’s ‘biggest push’ for wind power”
China’s National Energy Administration (NEA) has just released some remarkable data on the addition of new electric generating capacity in 2013. China’s electric power system has been growing at a tremendous rate to keep up with the country’s breakneck expansion of its manufacturing industry over the past decade. Continue reading “China roars ahead with renewables”