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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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BP released the 68 th annual edition of the BP Statistical Review of World Energy (BP Stats Review), a comprehensive collection and analysis of global energy data. This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions.

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. C change by the end of the century. Without China, we miss that mark by about 1 °C.

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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets. Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. Turmoil in energy markets. increase in 2021.

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GCP Carbon Budget Finds Anthropogenic CO2 Emissions Rose 2% in 2008 Despite Global Financial Crisis; Natural Sinks Not Keeping Pace With Increasing Emissions

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Despite the economic effects of the global financial crisis (GFC), carbon dioxide emissions from human activities rose 2% in 2008 to an all-time high of 1.3 between 2000 and 2008, compared with 1% per year in the 1990s. Emissions from coal are now the dominant fossil fuel emission source, surpassing 40 years of oil emission prevalence.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Source: Adeyeye et al.

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Hot Tub Time Machine WayBack Wednesday – Reposted Word-for-Word from June 25 of 2008

Creative Greenius

Wednesday, June 25, 2008. Right now, here in 2008 the cat is on the roof for global warming. You’ll be especially happy you made that switch when the energy shortages to come cause rolling blackouts for those reliant on the power companies. There’s an old joke that most of us baby boomers first heard when we were kids.

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