An Alaskan village is preparing to move, due to a problem with coastline erosion. Several other Alaskan communities are also endangered in ways that are amplified by climate change.
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The IEA expects a leveling off for renewable energy growth in the medium term. The fault lies entirely with policy inconsistencies, rooted in political roadblocks, not the market itself. The difference reflected in interest rates alone can cause the cost of a project to double. The U.S. happens to be one of the worst overall offenders, which I believe is the handiwork of certain lobbying groups actively seeking to protect their own interests.
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What the climate pledges for the Paris conference are saying. The count is up to 146 countries responding, with quite a range of messages, covered here in nine brief summary points.
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India’s pledge content is the most complicated of all. This is because India has such a large and fast-growing population, is far behind China in economic development and now wants to quickly catch up. Even though it has ambitious plans for renewable energy it will still need a substantial boost in coal burning and emissions in order to meet economic goals. How all of this will be financed is open to questions, and lots of negotiating.
Here is more commentary on the India story. I strongly recommend the Keith Schneider video for some deeper insights. Also, check out this tidbit near the end of the post—“India claims that under the plan its economy can still grow sevenfold by 2030 from 2005 levels, while carbon emissions will only triple.” Hmmm.
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Tar sands are being produced in Utah. 2000 barrels per day is not too significant, but it’s a foot in the door and 76 billion barrels of recoverable oil lie in wait nearby. Profitability is said to require prices above $100 per barrel, which should keep this project from being a real issue for awhile at least.
Carl