Brian Looney, the new CEO of BP, says his company will slash emissions from operations by 2050. But there’s more. He also says it wants to cut emissions from the oil and gas it sells.
Last month, the IMF released its Fiscal Monitor, a biannual report on how to mitigate climate change. The report argued that it is possible to switch from a reliance on fossil fuels to cleaner energy and still sustain vigorous economic growth and generate employment. However, for this to take place, countries needed to distribute the costs and benefits in a manner that supported those that really needed it.
The IMF says a price on carbon is far more effective than government rules and regulations. It recommends a minimum cost of $75 per ton of carbon dioxide.
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.
Bernie Sanders’ electrification plan is excellent but depends on potentially dangerous authoritarian populism, his transportation plan is mostly about cars for less wealthy people, his land use plan is good, but military and industry don’t get nearly enough attention. Only about half of the $16.3 trillion can be tracked to things which actually reduce climate change.
New research claims adding a fee on carbon emissions would spur innovation and drive greater efficiency in the energy and transportation sectors.
Dozens of leading US companies hit Capitol Hill last month to advocate for climate action, and a new survey shows that’s just the tip of the iceberg.
Want an easy to understand explanation of the Green New Deal? John Oliver and Bill Nye The Science Guy have what you need. Caution: May not be suitable for younger viewers.
A group of 45 prominent economists have signed a letter advocating that the US adopt a carbon fee program to address the existential crisis of climate change. Will anyone be persuaded by the logic of so many eminent people?
The Tesla Semi has captivated scores of corporate customers. Pre-orders for Elon Musk’s electric trucks are growing. Competitors, however, aren’t so impressed. The Wall Street Journal spoke with a potential adversary in the trucking space, Cummins, for their take on Tesla, electric trucks, and their thoughts on how governments around the world should deal with carbon emissions.
