Climate Letter #348

Posted on March 2, 2015 by Carl Campbell
An upbeat report from China. China, the world’s greatest driver of CO2 emissions for three deades, rather suddenly appears like it is getting ready to make changes, big changes, perhaps on a scale that would be revolutionary. This post describes a number of vibes that point that way. Check out the “filthy air” documentary, privately made, now circulating on the internet with views well above 100 million. Many are saying it is significant that no attempt has been made to suppress the video, which suggests that the government wants people to see it and is getting ready to do something about it. People will need to accept some job losses, and this will help to demonstrate reasons why.

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Improved technology and financing for offshore wind farms, allowing costs to be lowered by a third. A major project designed for Denmark has been wrapped up and is ready for construction. This competitive advance should be enough of an alert to make a significant difference in policy planning in many parts of the world.
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How the National Bank of Abu Dhabi views the future of solar power. This report echoes others that have come out of the Middle East recently, but says more.   As in the story above, it is not just about technology. This bank is looking at financing opportunities, which it believes no longer have reason to be regarded as inherently risky. (The same can hardly be said about new financing for fossil fuel developers.)
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More doubts about the future of CCS (carbon capture and storage) technology. A huge new testing facility has little to report that would be of encouragement for coal producers, which has been the trend lately.
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Efforts to derail renewable energy are getting more exposure—and could soon be unravelling? This all sounds like an instant replay of efforts that were made years ago to justify and save the cigarette industry.
Carl

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