It isn’t just the effects of climate change that could destabilize the financial system, it’s also fossil fuel assets losing value. The good news is that central banks can fix it.
Last year, renewables provided a whopping 60% of South Australia’s electricity supplies. The remarkable progress came as national climate policy was gripped by paralysis – so how did it happen?
California was thought to be an exception, a place where oil field operations and tectonic faults apparently coexisted without much problem. Not any more.
The pandemic recession has reduced US energy demand, roiling budgets in states that are major fossil fuel producers. But politics and culture can impede efforts to look beyond oil, gas and coal.
While it’s impossible to stop all extraction of fossil fuels now, renewable sources are already generating 25% of global electricity demand now and their contribution continues to grow.
As the effects of climate change become clearer and more ominous, fossil fuel companies face a choice: Defy warnings of catastrophic climate change, or envision their roles in a post-carbon world.
The Saudi government’s oil firm is set to become the world’s biggest public company, but investors are already betting against its long-term prospects.
The US President pledged ambitious growth in the fossil fuel industry on his 2016 campaign trail – but new data shows that the green economy was already growing almost three times as fast.
Canada’s first serious attempt, and potentially last opportunity, to implement a national climate strategy hangs in the balance on Oct. 21. The Trudeau government is to blame for its precarity.
The kids are right when it comes to climate change, says an ethicist: adults have a moral and ethical responsibility to take the necessary actions to stop climate change.