As close observers have long suspected, governments historically underestimate the cost subsidies for fossil fuel exploration, development, and production. By far. The International Monetary Fund has just calculated far in a study distributed by its Fiscal Affairs department: How Large Are Global Energy Subsidies? (IMF working paper 15/105). Here’s IMF’s basic … [continued]
The US, Canada, and Mexico have just mirrored the European Union in seeking a continent-wide approach to North American energy and related climate change. According to Canadian Natural Resources Minister Greg Rickford, “The partnership does not include binding targets, but will enhance cooperation and integrate more climate change-related policies into energy … [continued]
Global CO2 emissions hit a record-high in 2011 and are fast approaching a tipping point. Rising fossil fuel consumption in China, India and other rapidly industrializing countries more than offset declines in OECD countries, including in the U.S., where CO2 emissions have declined the most of any country or region.
A desert is the perfect place to find water — if you have the right equipment, that is. Scientists and engineers from NASA’s Langley Research Center have set up camp in the “driest place in the world,” the Chilean desert of Atacama, to deploy an instrument called the Far-Infrared Spectroscopy … [continued]
