Global fossil fuel subsidies outpace renewable support #ffsG20

G20 spends $444bn a year to subsidise fossil fuel production Research discovered that G20 country governments’ support to fossil fuel production marries bad economics with potentially disastrous consequences for climate change. In effect, governments are propping up the production of oil, gas and coal, much of which cannot be used if the world is to…

BOOM: Oil Price Collapse and why it is Important

I recently mentioned, get out of fossil energy while you still can, when the price for crude was at $64.82. Though, today it has approached $55.84, with many oil guys loosing a fortune, oil billionaire Hamm lost half his fortune in three months. And the New York Times noted, free fall in oil price underscores shift…

Natural Gas versus Coal Power Plants: Greenhouse gas warming

Ken Caldeira: We had a paper come out comparing effects of natural gas versus coal plants, aimed at understanding how much methane leakage there could be from natural gas before it caused more near-term warming than coal. The answer depends on how efficient the different power plants are, but one thing that is clear is…

Calls for Harvard University to Divest Fast from Fossil Fuels #TippingPoint

CNN: Stanford University has already decided it will no longer directly invest in coal mining companies because it has a responsibility to consider “corporate policies or practices (that) create substantial social injury.” Harvard is fighting climate change, too. The university has an enviably small carbon footprint and its scientists are among the most respected for…

UN official calls fossil fuels ‘high-risk’ investment Lima 2014 UNFCCC #TurningPoint #COP20

Christiana Figueres responds to journalists, selected parts from the Lima Climate Change Conference – press briefing, December 1st, 2014. Source: UNFCCC Executive Secretary and COP20/CMP10 President http://unfccc6.meta-fusion.com/cop20/events/2014-12-01-16-30-united-nations-framework-convention-on-climate-change/unfccc-executive-secretary-and-cop20-cmp10-president Related Climate Change 2014: Mitigation of Climate Change IPCC Working Group III Contribution to AR5 http://mitigation2014.org/ UN official calls fossil fuels ‘high-risk’ investment http://thehill.com/policy/energy-environment/225686-un-official-calls-fossil-fuels-high-risk-investment Oil Investors May Be…

Memo: Get out of fossil energy while you still can

Last Thursday’s OPEC meeting in Vienna was considered as the most important in years, which resulted in the collapse of the oil price, which still continues. Greg Muttitt noted that same day: After three years of holding steady around $110 a barrel, oil had dropped below $80. Within minutes of their decision, the price fell by another $5.…

Energiewende: Erneuerbare Energien lösen Braunkohle als wichtigste Stromquelle ab

Manager-magazin.de-Redakteur Nils-Viktor Sorge berichtet am 2. Juli bei SPIEGEL online. Zeitenwende in der deutschen Energiewirtschaft: Im ersten Halbjahr sind die erneuerbaren Energien erstmals zur wichtigste Quelle im Strommix aufgestiegen und haben damit die Braunkohle verdrängt. Dennoch soll die Ökostrom-Umlage nicht weiter steigen. In den ersten sechs Monaten des Jahres 2014 produzierten Windkraft-, Solar-, und Bioenergieanlagen…