(This post was published earlier this year on Medium. Sorry for the lack of content this year. Hopefully, 2021 will bring more exciting stories and analysis…) The ongoing COVID-19 pandemic has brought our global economy to a standstill, with fears of the worst recession since 1929. Over 26 millions have already lost their jobs in… Continue reading The COVID-19 Pandemic Throws Oil and Coal Industries in a Tailspin
As I have spent some sleepless nights since the latest IPCC report on how Mankind has to halve its carbon emissions by 2030. For both the European Union and the United States of America, the first step in doing so is killing King Coal. As we shall see, this is already currently happening, it is the moral… Continue reading Killing King Coal is the First Step Towards Halving Our Emissions
The International Panel on Climate Change published a report on limiting climate change to 1.5C. Here are some takeaways and reflection.
For years, grid parity – the time when solar and wind would be cost-competitive with fossil fuels and nuclear – was the holy grail of renewables energy, a target to reach in a distant future. But the future is now.
With the US and the EU lagging on climate action, India, China and South Korea are moving forward and showing leadership on this vital topic.
That’s it ! Renewable energy sources and electric vehicles are progressing so fast around the world that according to a new study coal and oil use could peak worldwide in as little as three years.
While the United States are wondering what will happen next on climate change mitigation in their country, both India and China have recently unvealed very ambitious targets to fight local air pollution and global climate change.
For long, China was seen as a climate villain, fuelling its amazing economic growth by burning more and more coal. But times are changing, and the People’s Republic is emerging as a climate leader.
A recent article in the New York Times recently outlined the massive problems of one of the key CCS project in the United States. The plant is still not online and is way over costs.
This could be another turnaround for the fight against climate change as the G7 is willing to eliminate subsidies for oil, coal and natural gas within the decade.
I stated early this year that 2016 would be a bad year for fossil fuels. It seems I was quite right as bad news keep on piling for coal in the United States.
It seems fossil fuels are starting this new year with a lot of bad news. It is not only a treehugger’s hope and dream but also an incresingly pressing reality. Let us start with reviewing coal.