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Paris deal: Great for wind and solar, and a $46 trillion hit to fossil fuels
The Paris climate deal is likely to cost the fossil fuel industry some $44 trillion in lost revenues as investors are forced to rethink new ventures. The renewable energy industry, on the other hand, is likely to get a major boost. -
Historic and ambitious climate deal signals end of fossil fuel era
The Paris Agreement on climate change has gone beyond what most people thought possible, and writes in 1.5C as a future target. Business groups, politicians and green NGOs said it signalled the end of the fossil fuel area, and a major signal to invest in renewable energy. -
Paris, COP21: Australia digs in on fossil fuels, sees coal as solution to hunger
Julie Bishop says coal a solution for hunger; US energy secretary wants 80% emission cuts; French prepare to release Paris text; Australia ranks 3rd last on climate policies; Greenpeace exposes academics-for-hire by fossil fuel companies. Plus audio for Richard di Natale audio interview. -
Beginning of the end for fossil fuels? Panic sweeps global markets
Financial markets are finally catching up to the news: Fossil fuels are in decline in both transport and electricity, and the woes of VW and Glencore. Even the Bank of England has sounded a warning. Meanwhile, the likes of BHP, Origin and AGL are trying to convince investors that everything is OK.
