Energy, Climate, New Economic Thinking​

Day: August 6, 2020

Our Final Warning: Six Degrees of Climate Emergency by Mark Lynas

If we stay on the current business-as-usual trajectory, we could see two degrees as soon as the early 2030s, three degrees around mid-century, and four degrees by 2075 or so. If we’re unlucky with positive feedbacks…from thawing permafrost in the Arctic or collapsing tropical rainforests, then we could be in for five or even six degrees by century’s end. New York Review of Books

BP Reports a Huge Loss and Vows to Increase Renewable Investment

What caught the attention of analysts and, apparently, investors, was the ambitious plan that Bernard Looney, the chief executive, set out for making over the London-based oil giant into a diversified purveyor of cleaner energy within a decade. On a webcast with analysts Mr. Looney described a transformation plan that Stuart Joyner, an analyst at the market research firm Redburn, said in a note to clients was “major, positive, thoughtful and largely unexpected.” New York Times