The end of oil and coal

By Xavier Timbeau

The idea that we must put an end to the use of oil and coal is not new. It has been pushed for a long time by NGOs like 350.org and its gofossilfree campaign. What is more striking is that the Democratic primary candidate Senator Bernie Sanders has put the proposal at the heart of the US presidential election debate. Institutional investors and large fund holders have also announced their intention to limit or terminate their investments in coal (for example, Allianz and ING) and oil (the Dutch pension fund ABP). The urban development policies of some large cities are also leaning in that direction. Asked about this option, the head of the US Environmental Protection Agency (EPA), Gina McCarthy, noted (cautiously) that this option was not irrational. Continue reading “The end of oil and coal”

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Let’s negotiate a global carbon price signal – quickly!

By Stéphane Dion [1] and Éloi Laurent

Two decades after the Rio Conference, and just as a new climate conference is opening in Bonn on Monday 14 May 2012, we must admit to collective failure in combating human-induced climate change. We cannot escape serious climate disruption if we continue down this same path. We must change direction, and we must do it quickly. Continue reading “Let’s negotiate a global carbon price signal – quickly!”

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