Insight and inspiration in turbulent times.
The world’s CO2 emissions are set to continue rising for decades unless there is greater ambition on climate change, despite the “profound shifts” already underway in the global energy system.
That is one of the key messages from the International Energy Agency’s (IEA) World Energy Outlook 2019.
The World Energy Outlook 2016, released last week, is just one among an increasing line of studies showing how nations need to slow and, ultimately, phase out investment in new fossil fuel supply infrastructure – from oil fields and pipelines to coal mines – if they are serious about keeping warming to 2C or less.
Peak oil appears close but is not yet here, delayed rather than dead (as widely written in the media since 2012), and disguised by the inclusion of natural gas liquids in BP’s accounting. Put this writer down for a likely (80% odds) peak in oil production between now and 2020.
