I'm a 65 y.o. chemical engineer, and industrial scale "carbon capture" has never made any fucking economic sense to me. #ClimateEcon #climatechange
For decades, fossil fuel companies have done all they could to make their businesses seem environmentally friendly. British Petroleum, the multinational corporation that once desecrated the Gulf of Mexico, launched
"Drastic climate action is the best course for economic growth, new study finds"
CAP6 goes @yale Climate Connections https://yaleclimateconnections.org/2023/04/drastic-climate-action-is-the-best-course-for-economic-growth-new-study-finds/ #climate #economics #ClimateEcon
For decades, economists believed immediate action to fight climate change would decimate the economy, but a new study adds to a growing body of research showing that the economic benefits of climate action outweigh the costs.
"Early and stringent action to rapidly and dramatically cut climate pollution is the best path for the global economy, according to a new working paper by American scientists."
CAP6 goes JPost https://www.jpost.com/environment-and-climate-change/article-739316 #climate #economics #ClimateEcon
"The IRA, too, includes some supply-side measures. But rather than restrictive policies to curtail fossil fuel use, the bill includes provisions that would bolster fossil fuel supply."
- Mark Paul and Lina Moe, in An Economist’s Case for Restrictive Supply Side Policies: Ten Policies to Manage the Fossil Fuel Transition
https://www.climateandcommunity.org/_files/ugd/d6378b_6f4e6bc38aa74051ac435c1fe9d96624.pdf
#climate #climateecon #economics #fossilfuels #energytransition #stopwillow #KeepItInTheGround
There are 210 coal plants remaining in the U.S.
For 209(!) of them, it would be cheaper to replace them with renewables now than to continue running them with coal, per https://energyinnovation.org/publication/coal-cost-crossover-3-0-local-renewables-plus-storage-create-new-opportunities-for-customer-savings-and-community-reinvestment/ #ClimateTech #ClimateEcon #sustainability #climate
<p>New analysis finds 99 percent of existing U.S. coal plants are more expensive to run than replacement by local wind, solar, and energy storage resources. Transitioning to clean energy resources would save enough to finance nearly 150 gigawatts of four-hour battery storage, and would generate $589 billion in new investment across the U.S.</p>
The urgency and clarity of this Tyler Cowen interview with Jeremy Grantham is quite something.
Known widely for his acuity in identifying bubbles, the British investor contends that the one created by our dependence on fossil fuels is about to pop.
https://podcasts.apple.com/gb/podcast/conversations-with-tyler/id983795625?i=1000588145401
For all the talk of renewable energy, electric vehicles and plant-based diets, there’s a gaping hole in the way we’re trying to solve accelerating climate change. We will not stay below 2°C of warming while pursuing economic growth — yet barely anyone talks about it.
Σειληνός (Seilēnós)
Gernot Wagner
Brad Johnson
Wessel van Rensburg
Ana Ribeiro 💙