Andrew Forrest Scoffs At Net Zero, Calling It “A Proven Fantasy”
Andrew Forrest told CNBC this week that net zero is a fantasy that will lead to climate inaction. He called for real zero emission policies.
Andrew Forrest told CNBC this week that net zero is a fantasy that will lead to climate inaction. He called for real zero emission policies.
Net zero by 2050 needs a cash influx — to the tune of an extra $34 trillion. That’s 19% more than the numbers originally crunched in a respected baseline scenario. The caveat is that policymakers must ensure that transitional energy policies are firmly in place by the end of the … [continued]
By Vishnu Nair, Commercialization Manager, Emerging Digital Offers
Countries are setting records in deploying technologies such as solar power and electric vehicles (EVs), and the IEA now projects that demand for coal, oil, and natural gas will peak before 2030.
Pretending that energy exports are going to double does Australia and Australians exactly zero favors.
Specific decarbonization goals are the necessary next step before the critical 2050 date. Any target that allows for financing of fossil fuel expansion cannot be considered 1.5°C-aligned, as 1.5°C scenarios have no room for new oil, gas, or coal.
You might think that diesel ferries and belching sheep would surpass Scotch whisky distilleries in greenhouse gas (GHG) total emissions, right? Nope. Producing Scotch whisky is really energy intensive, with a whole lot of carbon spewing and peat burning. If the distilleries’ multinational conglomerate owners are anything like the rest … [continued]
The plan includes a big push in Britain for carbon capture usage and storage, floating offshore wind industry, green hydrogen, small modular reactors, insulation of homes, EV charging infrastructure, and heat pumps. Last week, the Department for Energy Security and Net Zero unveiled a plan to strengthen Britain’s long-term energy … [continued]
As climate commitments among large financial institutions have rapidly become the new normal, so has the criticism of those targets. A Reclaim Finance report in January that revealed members of the Glasgow Financial Alliance for Net Zero (GFANZ) have continued financing fossil fuel expansion echoes a common refrain from the … [continued]
Originally published on WRI’s Resource Institute. By Sadof Alexander During these unprecedented times, there’s a great deal of uncertainty about the future. The COVID-19 pandemic rages on, the effects of climate change are already being felt worldwide, and people across the planet continue to face inequity. And that’s just what’s happening on … [continued]