Signs Of New Energy’s Triumph
7 signs the global energy economy is in transition
Nat Keohane, December 12, 2018 (Environmental Defense Fund)
“…[There are] significant market and technology trends bringing positive news…[Combined with the actions of responsible governments, they] can point us in a better direction…[for] dealing with climate change…[Success] will depend on the action of political leaders, investors, engineers, voters and activists…[Key positive trends include U.S. coal] consumption is at a 39-year low and this trajectory continues despite the Trump administration’s efforts to promote coal…[China, the] world’s largest emitter of climate pollution…is likely to reach peak carbon dioxide emissions at least 5 years ahead of its commitmen…
Seventy percent of all new electricity generating capacity worldwide in 2017 was renewable, including in developing countries. If these trends continue, renewables will produce half of all electricity by 2030…Thirteen oil and gas companies – comprising 30 percent of global production – committed to reducing methane emissions, which are driving 25 percent of current warming…Companies like Walmart are taking action…[G]lobal carbon emissions rose in 2017 and are projected to hit record levels this year. By halting this trajectory we can build a better future…” click here for more
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