Home > Uncategorized > Economic growth and carbon emissions are closely linked.

Economic growth and carbon emissions are closely linked.

  1. Helge Nome
    January 18, 2020 at 10:51 pm

    So, does it follow that carbon dioxide causes economic growth? ; )

    • Charlie Thomas
      January 20, 2020 at 7:01 pm

      tricky technicality? where does carbon dioxide come from? mostly plants, but also petroleum. So there is a strong correlation between co2 and oil. one could say the apparent cause may not be CO2 but the oil that produced the CO2. a technicality?

    • Charlie Thomas
      January 20, 2020 at 7:04 pm

      or proximate vs ultimate causation?

  2. Frank Salter
    January 19, 2020 at 9:14 am

    What follows is that we have to develop and install safer nuclear reactors. Without them increasing economic prosperity is impossible.

    • Robert Locke
      January 19, 2020 at 12:42 pm

      In the 1970s, I war at dinner party in Honolulu, where I met and had a prolonged talk with Bardeen, Physics Nobel Prize winner; I seized the opportunity to ask this prominent man how we could solve the energy problem. His answer was it could not be done without nuclear.

      • Yoshinori Shiozawa
        January 19, 2020 at 1:02 pm

        This must be the case that even an eminent physicist like John Bardeen with two Nobel Prizes in physics can make a wrong judgment. Before the Fukushima Daiichi nuclear disaster, an employee of Tokyo Electric Power, who was my senior in the high school, was proud of the security of the power plant. He said it was impossible that it breaks down. In March 2011, this impossibility occurred.

      • Robert Locke
        January 20, 2020 at 10:01 am

        Thorium Shinozawa seems a solution, which would be ideal for Japan, who is not seeking weapons.

      • Yoshinori Shiozawa
        January 20, 2020 at 8:09 pm

        I do not know well Thorium Reactor. I will check what is happening in Japan.

  3. Craig
    January 19, 2020 at 1:50 pm

    Three cheers for nuclear, particularly thorium. Making green mega projects utterly financ-able and green consumer products imminently affordable for everyone is necessary. Whatever it takes. Survival trumps all other considerations after all.

  4. Juliet Schor
    January 20, 2020 at 4:02 pm

    Note the growing divergence in recent years. There’s asymmetry across the business cycle, as some of my students are showing….

  5. Ken Zimmerman
    January 27, 2020 at 3:27 pm

    According to the US DOE, wind power is now the largest source of renewable energy. However, the International Energy Agency identifies solar power as the fastest-growing global source of new energy, with China as its champion (since half of the world’s solar panels have been installed in that country). Currently, the U.S. is the second fastest-growing solar market.

    So, what is the future of renewables? Is it wind or solar? Or both, or neither?
    “Every energy company today, whether predominantly solar, wind, or big oil, will eventually become a renewable energy company,” asserts Tim Nixon, director for Sustainability at Thomson Reuters. He says it’s not a matter of if, but when. “This is because costs for energy sources that are carbon-based will steadily increase, as regulation and environmental damage is fully priced in.” Meanwhile, the exact opposite is occurring for renewables. “At the same time, costs for energy sources which are renewable will steadily decrease, until the business case is overwhelmingly clear.” There are as of 2019 several renewable power purchase contracts priced near or below $0.02/KWh.

    Nixon believes that the future of renewables is wind, solar, new nuclear and probably geothermal energy, as well as other green sources that have yet to be developed. “The question is around timing, which will be predominantly driven by a cost/benefit analysis incorporating policy, investor and reputational considerations.”

    One person who thinks the future of renewable energy has already arrived is Kevin Steinberger, a Climate and Clean Energy Program policy analyst at the Natural Resources Defense Council. “Wind and solar have become the cheapest sources of new power in many markets across the country,” Steinberger says. “We need to double down on our investments in wind and solar and accelerate growth in both technologies to achieve our long-term climate goals.” Steinberger also believes it’s important to support the emerging offshore wind industry. “We need to take advantage of the significant untapped potential just off our coasts.”

    I mostly agree with Nixon’s and Steinberger’s assessments. However, I don’t feel they’ve taken enough note of the push back from current fossil companies. These companies are planning to triple annual production of oil and natural gas over the next 12 years. Coincidentally, perhaps the time the UN IPCC estimates the world has before catastrophic and long-term impacts of climate change become irreversible. The goal of the fossil companies is, it seems to leave as little oil and natural gas in the ground as possible after the deadline passes.

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