Thousands of people took to the streets of southern Iraq in July 2018. Their anger stemmed from a litany of problems, everything from poor public services to lack of job opportunities to widespread government corruption.
New tools can accelerate EV demand by making charging with renewable energy convenient and affordable.
The Saudi government sold off a small 1.5% share of the largest oil company in the world (Aramco) about a month ago. Aramco has huge reserves and it has proven it can produce that oil at a low cost. This oil doesn’t require risky deep sea platforms, fracking, or traveling to the Arctic circle to drill.
Burning fossil fuels is a negative sum game. The waste products are slowly killing us all. What to do? Start by controlling your own carbon footprint. Together we can make a difference.
Our work indicates that innovation for clean technology markets starts with a customer focus. The assumption that clean technologies are ready to come online if leaders set ambitious policy is too optimistic. While technologies may exist for a low carbon future, markets do not. Markets require both active buyers and sellers with adequate information. Grandiose goal-setting announcements do not create markets; it only distracts entrepreneurs from the job of creating and maintaining markets.
The multidimensional aspects of a situation are sometimes quite hard to grasp. Take a situation that involves one’s health, one’s transit, and commuting habits. How does travel, whether around the neighborhood, to the store, to visit family, or to commute to a job matter? It matters quite a bit in coexistence.
In the beginning of September the newly elected Danish government, comprised of the parties Socialdemokratiet, Radikale, Socialistisk Folkeparti, and Enhedslisten, started its work on a new climate law. Denmark already has a climate law in place from the former Venstre led government, but it was not overly ambitious and not legally binding.
CleanTechnica has been running a number of articles on little noted negative aspects of gas/diesel vehicles. These include hundreds of US deaths annually from carbon monoxide poisoning, oil refinery explosions, 137 US oil spills last year, what to do with old oil tankers, and the 150 gas/diesel car fires daily in the US. A common concept in Africa that is not noticed in the United States or other parts of the world is what in Africa is called “Africa’s Oil Curse.”
There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground.
Saudi Arabia’s Crown Prince Mohammed bin Salman has told the BBC that if a war was to break out between Iran and Saudi Arabia, oil prices could rise up to “unimaginably high numbers.” He says this is possible if the world doesn’t try to deter Iran, and that more escalation will threaten the world’s interests. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”
