Daily Archives: July 18, 2016

  • Energy: Change or Be Changed

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    Filed in Energy , Environment & Climate , on by GreenMoney Journal

    Human nature often resists change. We struggle with moving from familiar surroundings to new, unknown territories. Yet, when it comes to the greatest single challenge we face today, our resistance to change will surely cause massive, uncontrollable, and unforeseeable changes.

    Climate change is upon us. We know with certainty that our behavior is impacting the planet we inhabit. The last time atmospheric concentrations of carbon dioxide were this high was millions of years ago, long before Homo sapiens appeared. This places us in an entirely new era of risk, for which we have no precedent or reliable benchmark.

    Climate change is the ultimate systemic risk. Its potential impacts will be global and will be disproportionately afflicted on the most vulnerable members of our civilization. Its profound disruptions will result in the indiscriminate extinction of species. Those who are most vulnerable to the changes brought on by climate change will be those who have least contributed to it.

    Many individuals and organizations are considering divestment of fossil fuel companies in their investment portfolios. New York State Senator Liz Krueger proposed legislation for divestment of fossil fuel companies from its public pension funds, the Rockefeller Foundation announced their intention to divest, and more than 500 ... Read More

  • The Future of Energy: It’s the Developing World’s Turn to Shine

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    Filed in Energy , Environment & Climate , on by GreenMoney Journal

    A Changing Climate

    By 2050, the world will consume 61 percent more energy than it does today. This should be good news, for, as access to reliable, affordable energy increases, so does the quality of life for hundreds of millions of people. Energy keeps schools and businesses running, computers working, cities shining, and cars moving. Without the availability of energy, the global poverty rate could not have dropped by more than half since 1990, allowing the opportunity to improve lives across a wide sphere.

    Extending Progress to the Developing World

    The developed world has seen great progress in renewable energy. Today, in the United States, virtually all new additions to power capacity come from sustainable sources. However, much of the future energy demand in the world will come from developing countries as they continue to grow and add more citizens to the middle class. This is perhaps one of the most difficult challenges that we face today. How can we ensure that the most threatening climate change consequences are avoided, but also ensure equitable access to energy? The answer, of course, is renewable energy, and the attendant electrification of products and services once serviced by fossil fuels.

    The Leapfrog Effect

    Unlike the United States, many ... Read More