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Electric vehicle sales are growing faster than expected around the world, and sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans. Why is that, and what happens if the U.S. projections for growing oil demand are wrong? I study sustainability and global energy system transformations. Let’s take a closer look at the changes underway. EVs’ giant leap forward On Sept. 12, 2023, Fatih Birol, director of the International Energy Agency, an intergovernmental organization that advises the world’s major economies, drew global attention when he wrote in the Financial Times that the IEA is now projecting a global peak in demand for oil, gas and coal by 2030. The new date was a significant leap forward in time compared with previous estimates that the peak would not be until the 2030s for oil and even later for gas. It also stood out...
In a Zen parable, a man sees a horse and rider galloping by. The man asks the rider where he’s going, and the rider responds, “I don’t know. Ask the horse!” It is easy to feel out of control and helpless in the face of the many problems Americans are now experiencing – unaffordable health care, poverty and climate change, to name a few. These problems are made harder by the ways in which people, including elected representatives, often talk past each other. Most people want a strong economy, social well-being and a healthy environment. These goals are interdependent: A strong economy isn’t possible without a society peaceful enough to support investment and well-functioning markets, or without water and air clean enough to support life and productivity. This understanding – that economic, social and environmental well-being are intertwined – is the premise of sustainable development. In 2015, the United Nations General Assembly u...
Over recent months there has been an orchestrated pushback against investors and insurers who integrate the risks of climate change into their business models. That pushback – emanating from Republican-led states – is having an impact on how companies speak publicly. But whether it will affect their efforts to respond to climate change is less clear. The latest targets have been global insurance companies, and their responses offer some insight. Under pressure, several major insurers, including AXA, Allianz, Lloyd’s and Swiss Re, have pulled out of a United Nations-organized alliance committed to a global goal of net-zero emissions by mid-century. There’s a word for companies going quiet in the face of orchestrated attacks: “greenhushing.” But while the insurers’ departures from the alliance might look like a victory for politicians and political donors who want to delay action on climate change, the companies say leaving doesn’t...
This year, the United Nations International Court of Justice (ICJ) — the world’s highest court — is hearing its first argument about climate commitments. In an effort to make sure countries and corporations follow existing laws and agreements relating to climate change and environmental protection, groups have started pushing for legal action at the international scale. Research shows that the current climate agreements won’t stave off the worst harms of climate change — and many countries are failing to meet their own commitments. A number of activist groups, mostly from developing nations already facing the realities of a changing climate, are taking a new legal approach to climate action. They are arguing that climate change cases are human rights cases and in doing so are wading into unprecedented legal waters. In this episode of The Conversation Weekly, we speak with three scholars about current legal cases tying climate change and human rig...
Pre-COP talks are taking place this week to lay the groundwork for negotiations at the UN climate summit in late November. The COP28 presidency and two renewable energy organisations have urged governments to triple renewable energy capacity by 2030. A new report from the UAE presidency, the International Renewable Energy Agency (IRENA) and the Global Renewables Alliance says renewable energy capacity needs to “reach more than 11,000GW” by the end of this decade. IRENA’s analysis, which forms the basis of the report, “warns that the energy transition is dangerously off track”, according to director-general Francesco La Camera. He adds that “immediate, radical collective action” is now needed. It also calls for a doubling of energy efficiency with set target dates, financial incentives, awareness campaigns and strong regulatory frameworks. Many of the world’s major economies are already on board with ren...