Climate Letter #284

November 25, 2014

A new analysis from Citigroup.  Once again, this report is very favorable to the outlook for renewable energy.  ‘It questions the viability of many oil projects, expresses doubt about carbon capture and storage, and punctures the big marketing ploy of Big Coal – happily echoed by the Abbott government – that coal is the answer to energy poverty, by saying that it will (lead to) a strategy of “anything but coal”.’  When you see that trillions of dollars in revenues (and assets) are at stake it is easy to understand why the coal and oil industries are desperately doing whatever they can to fight back—including buying off politicians and bureaucrats, and spreading false propaganda, etc..

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Two videos featuring interviews with industrial leaders in clean energy.  A lot to typical Jim Cramer introductory stuff, but what you hear from the CEOs of NRG and First Solar is worthwhile and encouraging.
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“Why Doesn’t Everyone Believe Humans Are Causing Climate Change?”  This is a baffling question.  It is hard to come up with an exact answer, and just as hard to figure out ways to overcome this and similar attitudes that have no scientific reason to exist.  Here is a good discussion of the problem:
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Along the same line, extreme weather events do not change opinions about climate change.  That is the rather surprising conclusion provided by a new study, and others like it.  When people are presented with facts surrounding a problem they will often mentally process various solutions to the problem rather than processing the facts, and then accept whatever solution best fits their ideology or personal interests.  The facts might then be denied no matter how solid they may be.  Students of the current climate debate can easily agree that this is so.
Carl

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