Ann Arbor (Informed Comment) – A new article in the Proceedings of the National Academy of Sciences presents findings that shocked the authors themselves. If the world (by which I mean you and me, dear reader) does not swing into prompt action to deal with the climate emergency, some 3.5 billion people are going to […]
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Climate Crisis
Oil’s Götterdämmerung: Why Covid-19 could Hasten the end of Fossil Fuels
( Sustainability Times) – Last week the oil market took another plunge that saw the price of one barrel of West Texas Intermediate (WTI) fall 8 percent to $10.45 on Tuesday.. Last Monday, WTI crashed by 25 percent and rocked the market, yet the decline was relatively minor compared to what happened two weeks ago […]
Lowest Solar bid in World History for new Abu Dhabi Facility, as expensive Coal, backed by Trump, declines further
Ann Arbor (Informed Comment) – Abu Dhabi has accepted a historically low bid of 1.35 cents a kilowatt hour for a new giant 1.5 gigawatt solar farm, to be built at al-Dhafra by the largely government-owned French consortium Électricité de France (EDF) and China’s Jinko. The price is 44% less than was paid for the […]
The Beginning of the End for Oil? Energy in a Post-Pandemic World
( Tomdispatch.com) – Energy analysts have long assumed that, given time, growing international concern over climate change would result in a vast restructuring of the global energy enterprise. The result: a greener, less climate-degrading system. In this future, fossil fuels would be overtaken by renewables, while oil, gas, and coal would be relegated to an […]
Skyrocketing Carbon Dioxide is Bad News, and, no, Trees won’t Save Us
By Sebastian Leuzinger | – If carbon dioxide levels were to double, how much increase in plant growth would this cause? How much of the world’s deserts would disappear due to plants’ increased drought tolerance in a high carbon dioxide environment? Compared to pre-industrial levels, the concentration of carbon dioxide (CO₂) in the atmosphere will […]
Even German Conservatives, Corporations make Green New Deal, Climate “Top Priority” after Pandemic
By Julian Wettengel | – ( Clean Energy Wire ) – Top politicians from Germany and more than 60 large companies have warned that the climate crisis must continue to be a top priority, even as the world economies grapple with the impact of the coronavirus pandemic. Ahead of this week’s digital Petersberg Climate Dialogue, […]
With much of the planet on lockdown, Earth Day goes digital
By Madison Staten | – PHOENIX (Cronkite News) – The irony of indoor celebrations of a day dedicated to the outdoors is not lost on Hazel Chandler, 74. “It makes me really sad,” the Phoenix resident said when asked about this year’s celebration. “Fifty years ago in 1970, you know, I was part of the […]
US Oil “Technically Worthless,” and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms
Ann Arbor (Informed Comment) – May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday. So report Jillian Ambrose and Martin Farrer at The Guardian. The price, well below zero, was a first for the US oil market, and showed the conviction of traders that the economy would not […]
Is Covid-19 Killing the Coal Industry in Egypt and around the World? In the Meantime, Solar Shines
Ann Arbor (Informed Comment) – Simon Nicholas at South Africa’s Business Live reports that the proposed huge new Hamrawein coal-fueled power plant in Egypt has been shelved. There are now no new coal plants planned in Egypt, which is pivoting toward renewables after years of mainly relying on fossil fuels. One cause for the demise […]