The transition to low-carbon energy systems may cost money, but economies can grow – not despite but also because of them.
Tag: "low-carbon economy"
US President Barack Obama says it’s time to by-pass ‘flat-earthers’ and act on the moral obligation to curb carbon pollution. Unable to introduce a carbon price, his plan instead invokes direct action – but with real bite; doubling down on coal and power plant emissions and doubling up on efficiency and renewable generation on public lands.
What would global electricity generation emissions look like if the world used just one generation technology? The result reveals a stark comparison.
What began as a predominantly ecological question is rapidly transforming into an economic one, putting the global climate movement on the verge of a remarkable victory that would include the removal of the oil, coal and gas industries. And the greatest transfer of wealth and power the world has ever seen.
When it comes to the shift to a low-carbon economy, many are so busy looking at politics for signs of change, they’re missing the signs in the market. Policy might be essential, but markets deliver solutions – and the signs are that this process is now well underway. Meanwhile, that carbon bubble just keeps getting bigger.
With the carbon price and bipartisan support for Kyoto 2, Australia is well placed to use the Doha climate summit to help strengthen global ambition.
An open letter from global investor networks calls on governments to develop workable frameworks to reduce climate risk and support low-carbon investment.
Congress may be divided on climate & energy law, but recent low-carbon advances in America could have major implications for the global economy.