Several major oil BRN00, -0.06% companies, including BP BP, +1.15% and Shell SHEL, +0.46%, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement.
What the Paris Agreement expects The 2015 Paris Agreement, signed by nearly all countries, sets out a few criteria to meet its objectives. How the scenarios perform We have been working with the nonprofit science and policy research institute Climate Analytics to better understand the implications of the Paris Agreement for global and national decarbonization pathways—the paths countries can take to cut their greenhouse-gas emissions. In particular, we have explored the roles that coal MTFC00, +0.70% and natural gas NG00, +0.53% can play as the world transitions away from fossil fuels.
Of the six scenarios, we determined that only the International Energy Agency’s Net Zero by 2050 scenario sketches out an energy future that is compatible with the 1.5°C Paris Agreement goal. Our method uses a transparent procedure to extend each pathway to 2100 and estimate emissions of other gases, which allows us to calculate the temperature outcomes of these scenarios using simple climate models.
China will surpass US coal mining by 500x by 2030 and they have dirty coal. US has the cleanest coal but we are unable to use in country or export.
CLIMATE HOAX
It’s true. They have no plan.
Well, should they produce more so that the prices for fossil fuels fall again, or should they wind themselves down to protect the climate? Both at the same time is not possible. But no wonder - you can only expect Marxism in disguise from graduates of the HU Berlin anyway.
This must be a reason why.