Economic development in Asia – hugely dependent on electricity from coal-burning generators – could be cramped by climate change. That is because global heating could begin to constrain the supplies of water needed to cool thermal power installations. So the generators that fuel global heating and the climate emergency by releasing huge quantities of greenhouse gases into the planetary atmosphere could create conditions in which nations could begin to experience power shortages made more likely by the extra carbon dioxide pouring from their new power station chimneys. Power plants in Asia already account for 37% of global electricity generation and 41% of carbon dioxide emissions because 64% of this energy is already generated from coal, according to a new study in the journal Energy and Environmental Science. And about 490 gigawatts of new coal-fired plant could be in operation by 2030 in China, south-east Asia, Mongolia and parts of India.
Climate News Network 24th Sept 2019 read more »
Climate change: Did we just witness the beginning of the end of Big Oil? The energy sector is notorious for booms and busts, but oil and gas stocks’ weighting in the S&P 500 has not been this low since as far back as 1979. Investors have lost faith in oil companies, but it is not yet clear whether that is a permanent change caused by fear of increasing advances made by renewable-energy sources like wind, solar and electric batteries, or a temporary reluctance to invest caused by low oil prices.
CNBC 22nd Sept 2019 read more »