Climate Letter #554

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Five reports that greatly impressed climate scientist Joe Romm in 2015.  Especially, study the chart showing the growth in CO2 fossil fuel emissions—up nearly 50% since 2000—which came to a sudden stop this year without economic weakness as the reason.  All of that is keyed to the actions of China, with that nation now in the throes of enduring and possibly spectacular change.
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Regression in the UK.  Renewable energy is being shortchanged while fracking is getting a boost.  “Ministers happily take credit for being climate champions on an international stage while flagrantly undermining the renewable industry here at home….”  This all began when a conservative government took power last May.  There are plenty of critics.
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How major investment fund managers are reacting to the Paris agreement.  The implications tied to corporate risk are now being seen as unavoidable, which means giant businesses will be winding down while leaving much of their asset value in the ground.  Delaying tactics that have been effective for the last few decades will no longer suffice.
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The story behind Syria’s refugee crisis.  This fine report from Scientific American includes information about the role played by drought and climate change.  Moreover, the entire region known as the Fertile Crescent is seen as vulnerable to conditions of the same type.
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Update on perovskite solar cell development.  The rate of progress for this new technology has been stunning, and two producers are already planning to commercialize by 2017.  There is talk of an upside potential of 66% for cell efficiency, versus today’s standard of 25%.  That would change everything we know about the cost of energy, while burning fuel might just become obsolete, as some are predicting.  (See Climate Letter #550.)
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The interesting potential of geothermal energy.  Known resources could provide about six times as much of this clean, cheap and reliable source of power as what is now being produced.  There are new efforts being launched to promote more vigorous development, and plenty of viable locations.
Carl

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