Jeremy Grantham's paper warns that the climate crisis poses an existential threat and that we are in a "race of our lives" to decarbonize the global economy by 2040-2050. While renewable energy technologies like solar and wind are getting dramatically cheaper, global emissions continue to rise and we are not on track to meet the goals of the Paris Agreement. If temperatures rise above 2°C by 2100, climate change impacts like extreme weather, food insecurity, and migration crises will intensify. Immediate action is needed to transition away from fossil fuels and invest heavily in a green economy.
A Green New Deal 2018 - energy and jobs in the UKJeremy Leggett
Repairing economies requires major new investments in sustainable-energy jobs (that will more than pay themselves back), and the UK is a perfect example
Investment on the global energy transition: a report from the front lines as ...Jeremy Leggett
A global energy transition is underway: a system change driven by exponential growth in clean-energy technologies. But there is an investment gap. Much will depend on closing it. What will happen next?
This presentation was the keynote for Business Green's 2019 Tech and Investment Forum.
A groundbreaking report out today shows huge capital-efficiency advantage of ...Jeremy Leggett
In it, BNP Paribas introduces the new concept of Energy Return on Capital Invested. Conclusion: “The economics of oil for gasoline and diesel vehicles versus wind- and solar-powered EVs are now in relentless and irreversible decline, with far-reaching implications for both policymakers and the oil majors.” This is a 4 minute slideshow summary for busy folk.
A chronology in pictures and charts of selected developments in climate, ener...Jeremy Leggett
This document provides a chronology of climate, energy, technology and civilization developments from January 7th, 2016 to October 29th, 2018 presented through pictures, charts and brief descriptions. Key events include China scaling back environmental policies due to economic concerns, Denmark banning new petrol and diesel cars by 2030, an IMF warning about rising global debt levels and financial crash risks, and an IPCC report concluding emissions must be cut 45% by 2030 to limit warming to 1.5°C.
Q2 2019: A chronology in pictures & charts of developments in climate, energy...Jeremy Leggett
One person’s collated precis-for-the-busy of the last three months in the related dramas of climate change, energy transition, big tech and the future of civilisation.
The global context of Solarcentury's work: presentation by Jeremy Leggett to ...Jeremy Leggett
A summary in pictures and charts of selected major developments during the last three months in the global issues relevant to a leading solar company's mission, brand, and culture. That mission is to make a meaningful difference in the fight against climate chaos through the widespread adoption of solar power.
L'éléphant (blanc) dans la pièce: Les investissements publics des États dans les infrastructure de l'amont fossile (QUébec, Canada, USA et UK) sont une injustice faite aux générations montantes.
Un diaporama éclairant de Jeremy Leggett, juin 2018
Why the UN Secretary-General is right to say that it is “immoral and suicidal...Jeremy Leggett
Some may think that the UN chief is exaggerating the threat of climate change, and that David Attenborough is overly alarmist in warning that the collapse of civilization is on the horizon. This short slideshow summarises why that would be a mistake.
A Green New Deal 2018 - energy and jobs in the UKJeremy Leggett
Repairing economies requires major new investments in sustainable-energy jobs (that will more than pay themselves back), and the UK is a perfect example
Investment on the global energy transition: a report from the front lines as ...Jeremy Leggett
A global energy transition is underway: a system change driven by exponential growth in clean-energy technologies. But there is an investment gap. Much will depend on closing it. What will happen next?
This presentation was the keynote for Business Green's 2019 Tech and Investment Forum.
A groundbreaking report out today shows huge capital-efficiency advantage of ...Jeremy Leggett
In it, BNP Paribas introduces the new concept of Energy Return on Capital Invested. Conclusion: “The economics of oil for gasoline and diesel vehicles versus wind- and solar-powered EVs are now in relentless and irreversible decline, with far-reaching implications for both policymakers and the oil majors.” This is a 4 minute slideshow summary for busy folk.
A chronology in pictures and charts of selected developments in climate, ener...Jeremy Leggett
This document provides a chronology of climate, energy, technology and civilization developments from January 7th, 2016 to October 29th, 2018 presented through pictures, charts and brief descriptions. Key events include China scaling back environmental policies due to economic concerns, Denmark banning new petrol and diesel cars by 2030, an IMF warning about rising global debt levels and financial crash risks, and an IPCC report concluding emissions must be cut 45% by 2030 to limit warming to 1.5°C.
Q2 2019: A chronology in pictures & charts of developments in climate, energy...Jeremy Leggett
One person’s collated precis-for-the-busy of the last three months in the related dramas of climate change, energy transition, big tech and the future of civilisation.
The global context of Solarcentury's work: presentation by Jeremy Leggett to ...Jeremy Leggett
A summary in pictures and charts of selected major developments during the last three months in the global issues relevant to a leading solar company's mission, brand, and culture. That mission is to make a meaningful difference in the fight against climate chaos through the widespread adoption of solar power.
L'éléphant (blanc) dans la pièce: Les investissements publics des États dans les infrastructure de l'amont fossile (QUébec, Canada, USA et UK) sont une injustice faite aux générations montantes.
Un diaporama éclairant de Jeremy Leggett, juin 2018
Why the UN Secretary-General is right to say that it is “immoral and suicidal...Jeremy Leggett
Some may think that the UN chief is exaggerating the threat of climate change, and that David Attenborough is overly alarmist in warning that the collapse of civilization is on the horizon. This short slideshow summarises why that would be a mistake.
The global context of Solarcentury's work: my presentation at the company's q...Jeremy Leggett
Latest developments in matters relevant to the solar industry in energy, climate, tech and the future of civilisation, spanning the period 24th July to 21st October.
2018 Q1: An eclectic chronology in pictures and charts of developments in cl...Jeremy Leggett
Things are moving so fast. Most of us are so busy. This slide show offers one person's precis-for-the-busy of the last three months in the related dramas of climate change, energy transition, big tech and the future of civilisation. I hope it is useful. For the powerpoint version, with source urls, see www.jeremyleggett.net.
Natural gas plays an essential role in reducing carbon emissions and air pollution. It emits half the carbon dioxide of coal for electricity generation. Increased use of natural gas could displace 19% of carbon emissions from coal. Natural gas also provides reliable backup power to intermittent renewable sources like wind and solar. It is an important partner in developing renewable energy and transitioning to a cleaner future.
I spoke at the Harvard Club in February of 2020 on renewable energy, how it can be used to provide a low carbon fuel to electric vehicles, and how both can play a greater role in reducing climate change and increasing jobs and economic growth if government policy helps promote the technologies.
This week’s UN warning of climate chaos: is the total world rewrite they say ...Jeremy Leggett
The UN's Intergovernmental Panel on Climate Change has issued a landmark report warning that global warming must be kept to 1.5˚C. This would entail a zero carbon world by 2050.....
Winds of change: Offshore U.S. farms finally herehardhathub
John Gregerson, with Rob McManamy from BuiltWorlds dive into North America's first offshore wind energy farm finally reaching critical mass this month with the achievement of two significant milestones in New England being developed by Deepwater Wind and GE Renewable Energy. Will be known as the Block Island Wind Farm.
A presentation by Frank Tudor, Managing Director of Horizon Power delivered at the International Mining and Resources Conference in Melbourne on 2 November. Frank explains how microgrids could change the face of mining and resources.
Renewable energy, including wind and solar power, has experienced explosive growth in recent years with no sign of slowing down. Read our special report, How Renewables are Winning, to learn more about this rapid period of renewable energy advancement.
Solarcentury: a history on our 20th birthdayJeremy Leggett
Solarcentury celebrated its 20th anniversary in 2018. It was founded in 1997 as a non-profit organization called "The Solar Century" with the goal of brokering solar investments. In 2005, it had grown to over 100 employees and installed its 1,000th solar project despite operating in a difficult market with many competitors failing. Solarcentury established itself as the leading solar company in the UK through innovative products, large-scale projects, and promotional efforts like a visit from Prime Minister Tony Blair in 2004.
The leaders of the US, Canada, and Mexico pledged to generate half of North America's electricity from zero-carbon sources within 10 years. To achieve this, they will need to invest billions in new wind, solar, hydroelectric, and nuclear projects, adopt incentives, and promote regional energy trade. Experts say the largest burden will fall to the US due to its much larger energy market compared to Mexico and Canada. Major transmission lines will also be needed to connect areas with renewable energy supplies to population centers.
A history of the solar century so far: a tale of disruption, denial, and exis...Jeremy Leggett
An account of the oil industry's response to climate risk and the emergence of low-cost solar since that late 1990s as seen by a bit-part player in the drama. As presented in the closing keynote at the UBS Renewables and Energy Transition Virtual Conference, 17th September.
Lattice Energy LLC - LENRs Could Enable a Moores Law for Energy - Nov 19 2014Lewis Larsen
Uniquely radiation-free LENRs could enable a Moore’s Law for Energy: exponential increases in our available energy supplies will be needed to meet future global demand arising from achieving universal electrification and Internet connectivity at reasonable societal cost, along with a concomitant drastic reduction of CO2 emissions.
This is the only entirely new type of primary energy technology on the foreseeable horizon that can potentially extend the lifetime of present fossil fuel reserves by transforming aromatic fractions of oil and coal into 21st century green CO2-free LENR fuels as well as providing the world economy with an extremely dense source of affordable green energy, connecting the unconnected, and empowering billions of presently powerless people.
A search for hope on the climate front lines in 2020Jeremy Leggett
My presentation at Cambridge University on 5th March. In it I describe an idea for a new people-power company to help lead the charge to a zero-carbon world by decarbonising, recarbonising, and pressuring foot draggers: ZeroCarbon Revolution. A video of the talk can be found at https://climateseries.com/
Why the UK nuclear renaissance plan is doomed, in 30 pictures and chartsJeremy Leggett
The UK government's nuclear power programme will come off the rails because nuclear energy has become uneconomic, the builder of the crucial first reactor faces existential safety and financial threats, ...and other reasons.
Microsoft word new base 994 special 02 february 2017 energy newsKhaled Al Awadi
Greetings,
Attached FYI (NewBase 02 February 2017 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
Covid-19 has accelerated the stranding of fossil-fuel-economy assets. What do...Jeremy Leggett
- Covid-19 has accelerated the decline of fossil fuel assets and demand, with peak fossil fuel demand possibly already reached according to some analysts. Renewables made up 3/4 of new power capacity in 2019.
- The world faces two pathways - transitioning to renewable energy and benefiting the global economy and environment, or remaining dependent on declining fossil fuels which threatens both.
- Predictions of fossil fuel decline are playing out, with only renewable energy demand growing. However, complete transition to renewable energy is not inevitable due to resistance from fossil fuel interests and support from some governments.
- The energy transition and climate change battles are now intertwined with defending open societies from authoritarianism, as authoritarians often
Merran Smith spoke about the global energy revolution towards renewable energy sources. She noted that renewable energy has become cost competitive with fossil fuels in over 30 countries. However, in Canada the focus remains on LNG and pipelines rather than renewable energy. Smith argued that renewable energy provides huge market opportunities and jobs but Canada is lagging behind other countries that are embracing the transition. Germany was presented as a global leader in renewable energy, having already achieved 25% of its energy from renewable sources. Smith remains optimistic about the renewable energy revolution and its ability to compete with fossil fuels.
Next steps for the renewable energy industry in the UK: The case of solarJeremy Leggett
The document discusses the renewable energy industry in the UK and proposes next steps. It summarizes the global shift towards solar energy with costs declining significantly. However, the UK picture is incongruent with global trends, with solar installations plummeting after subsidy cuts. The top three things that need to change are: 1) Drop support for fracking due to economic and environmental concerns. 2) Drop nuclear as renewables are now cheaper. 3) Greatly increase support for solar to meet emissions targets, as jurisdictions like California have done.
The great global energy transition - a report from the front lines as of 31st...Jeremy Leggett
This document provides a summary of the global transition to renewable energy sources over time. It discusses the falling costs of solar and wind power, and how they are now the cheapest new sources of electricity in most developed countries. It notes countries and cities that have set targets of being powered 100% by renewable energy. However, it also discusses the risks faced by oil and gas incumbents, as their business plans and projections do not align with the pace of transition needed to meet climate targets. There is a substantial risk of stranded assets if most players continue with a business as usual approach.
The global context of Solarcentury's work: my presentation at the company's q...Jeremy Leggett
Latest developments in matters relevant to the solar industry in energy, climate, tech and the future of civilisation, spanning the period 24th July to 21st October.
2018 Q1: An eclectic chronology in pictures and charts of developments in cl...Jeremy Leggett
Things are moving so fast. Most of us are so busy. This slide show offers one person's precis-for-the-busy of the last three months in the related dramas of climate change, energy transition, big tech and the future of civilisation. I hope it is useful. For the powerpoint version, with source urls, see www.jeremyleggett.net.
Natural gas plays an essential role in reducing carbon emissions and air pollution. It emits half the carbon dioxide of coal for electricity generation. Increased use of natural gas could displace 19% of carbon emissions from coal. Natural gas also provides reliable backup power to intermittent renewable sources like wind and solar. It is an important partner in developing renewable energy and transitioning to a cleaner future.
I spoke at the Harvard Club in February of 2020 on renewable energy, how it can be used to provide a low carbon fuel to electric vehicles, and how both can play a greater role in reducing climate change and increasing jobs and economic growth if government policy helps promote the technologies.
This week’s UN warning of climate chaos: is the total world rewrite they say ...Jeremy Leggett
The UN's Intergovernmental Panel on Climate Change has issued a landmark report warning that global warming must be kept to 1.5˚C. This would entail a zero carbon world by 2050.....
Winds of change: Offshore U.S. farms finally herehardhathub
John Gregerson, with Rob McManamy from BuiltWorlds dive into North America's first offshore wind energy farm finally reaching critical mass this month with the achievement of two significant milestones in New England being developed by Deepwater Wind and GE Renewable Energy. Will be known as the Block Island Wind Farm.
A presentation by Frank Tudor, Managing Director of Horizon Power delivered at the International Mining and Resources Conference in Melbourne on 2 November. Frank explains how microgrids could change the face of mining and resources.
Renewable energy, including wind and solar power, has experienced explosive growth in recent years with no sign of slowing down. Read our special report, How Renewables are Winning, to learn more about this rapid period of renewable energy advancement.
Solarcentury: a history on our 20th birthdayJeremy Leggett
Solarcentury celebrated its 20th anniversary in 2018. It was founded in 1997 as a non-profit organization called "The Solar Century" with the goal of brokering solar investments. In 2005, it had grown to over 100 employees and installed its 1,000th solar project despite operating in a difficult market with many competitors failing. Solarcentury established itself as the leading solar company in the UK through innovative products, large-scale projects, and promotional efforts like a visit from Prime Minister Tony Blair in 2004.
The leaders of the US, Canada, and Mexico pledged to generate half of North America's electricity from zero-carbon sources within 10 years. To achieve this, they will need to invest billions in new wind, solar, hydroelectric, and nuclear projects, adopt incentives, and promote regional energy trade. Experts say the largest burden will fall to the US due to its much larger energy market compared to Mexico and Canada. Major transmission lines will also be needed to connect areas with renewable energy supplies to population centers.
A history of the solar century so far: a tale of disruption, denial, and exis...Jeremy Leggett
An account of the oil industry's response to climate risk and the emergence of low-cost solar since that late 1990s as seen by a bit-part player in the drama. As presented in the closing keynote at the UBS Renewables and Energy Transition Virtual Conference, 17th September.
Lattice Energy LLC - LENRs Could Enable a Moores Law for Energy - Nov 19 2014Lewis Larsen
Uniquely radiation-free LENRs could enable a Moore’s Law for Energy: exponential increases in our available energy supplies will be needed to meet future global demand arising from achieving universal electrification and Internet connectivity at reasonable societal cost, along with a concomitant drastic reduction of CO2 emissions.
This is the only entirely new type of primary energy technology on the foreseeable horizon that can potentially extend the lifetime of present fossil fuel reserves by transforming aromatic fractions of oil and coal into 21st century green CO2-free LENR fuels as well as providing the world economy with an extremely dense source of affordable green energy, connecting the unconnected, and empowering billions of presently powerless people.
A search for hope on the climate front lines in 2020Jeremy Leggett
My presentation at Cambridge University on 5th March. In it I describe an idea for a new people-power company to help lead the charge to a zero-carbon world by decarbonising, recarbonising, and pressuring foot draggers: ZeroCarbon Revolution. A video of the talk can be found at https://climateseries.com/
Why the UK nuclear renaissance plan is doomed, in 30 pictures and chartsJeremy Leggett
The UK government's nuclear power programme will come off the rails because nuclear energy has become uneconomic, the builder of the crucial first reactor faces existential safety and financial threats, ...and other reasons.
Microsoft word new base 994 special 02 february 2017 energy newsKhaled Al Awadi
Greetings,
Attached FYI (NewBase 02 February 2017 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
Covid-19 has accelerated the stranding of fossil-fuel-economy assets. What do...Jeremy Leggett
- Covid-19 has accelerated the decline of fossil fuel assets and demand, with peak fossil fuel demand possibly already reached according to some analysts. Renewables made up 3/4 of new power capacity in 2019.
- The world faces two pathways - transitioning to renewable energy and benefiting the global economy and environment, or remaining dependent on declining fossil fuels which threatens both.
- Predictions of fossil fuel decline are playing out, with only renewable energy demand growing. However, complete transition to renewable energy is not inevitable due to resistance from fossil fuel interests and support from some governments.
- The energy transition and climate change battles are now intertwined with defending open societies from authoritarianism, as authoritarians often
Merran Smith spoke about the global energy revolution towards renewable energy sources. She noted that renewable energy has become cost competitive with fossil fuels in over 30 countries. However, in Canada the focus remains on LNG and pipelines rather than renewable energy. Smith argued that renewable energy provides huge market opportunities and jobs but Canada is lagging behind other countries that are embracing the transition. Germany was presented as a global leader in renewable energy, having already achieved 25% of its energy from renewable sources. Smith remains optimistic about the renewable energy revolution and its ability to compete with fossil fuels.
Similar to The Race of Our Lives: A summary of Jeremy Grantham’s seminal note to investors, in pictures and charts, supplemented with content from Future Today
Next steps for the renewable energy industry in the UK: The case of solarJeremy Leggett
The document discusses the renewable energy industry in the UK and proposes next steps. It summarizes the global shift towards solar energy with costs declining significantly. However, the UK picture is incongruent with global trends, with solar installations plummeting after subsidy cuts. The top three things that need to change are: 1) Drop support for fracking due to economic and environmental concerns. 2) Drop nuclear as renewables are now cheaper. 3) Greatly increase support for solar to meet emissions targets, as jurisdictions like California have done.
The great global energy transition - a report from the front lines as of 31st...Jeremy Leggett
This document provides a summary of the global transition to renewable energy sources over time. It discusses the falling costs of solar and wind power, and how they are now the cheapest new sources of electricity in most developed countries. It notes countries and cities that have set targets of being powered 100% by renewable energy. However, it also discusses the risks faced by oil and gas incumbents, as their business plans and projections do not align with the pace of transition needed to meet climate targets. There is a substantial risk of stranded assets if most players continue with a business as usual approach.
The UK, US, and Canadian governments all tried to bail out uneconomic and / or stranded fossil fuel and nuclear projects with many billions in public funds. This short true-story-of-the-day looks at the extent of the waste.
The opportunities and risks inherent in clean-energy revolution and fossil-fu...Jeremy Leggett
The document discusses the huge opportunities and risks of the clean energy revolution as fossil fuels are phased out. It summarizes recent developments showing plummeting costs for renewable energy like solar and wind, as well as batteries. Many countries and companies are now powering their grids and operations largely from renewable sources. However, the pace of transition away from coal, oil and gas needs to accelerate significantly to meet the goals of the Paris Agreement on climate change.
China's vision for climate action ....and related issues pertinent to common ...Jeremy Leggett
This presentation is the basis for my contribution to a panel discussion on climate solutions organised by the New York Times and The Conduit Club in London today. The focus was on China. In the pictures-and-charts slideshow, I first summarise trends in the Chinese response to climate change, which I see as strongly net positive. I then argue that action on climate change in isolation is not enough in the modern world, for China or any other major power. The compound threats we now face from tech and its uses require a holistic approach to security - environmental, economic, and military.
The presentation is derived from the chronology in pictures and charts of selected developments in energy, climate, tech and the future of civilization on my website, Future Today: www.jeremyleggett.net
A chronology in pictures and charts of selected developments in climate, ener...Jeremy Leggett
One person’s collated precis-for-the-busy of the last three months in the related dramas of climate change, energy transition, big tech and the future of civilisation.
The slideshow is derived, as ever, from entries in the Future Today chronology. Those who would like the original powerpoint, with source urls as notes, can find it – with all the other source files, for free use – in the folder linked to from my website www.jeremyleggett.net.
The quest for zero net carbon: globally and in the UK ....an eclectic tourJeremy Leggett
This document discusses the transition to renewable energy and net zero carbon emissions on a global scale based on numerous reports and studies. It highlights that transitioning infrastructure investments of $90 trillion by 2030 to low-carbon options could yield $26 trillion in economic benefits. Meeting the 1.5°C Paris target could save $30 trillion in climate damages by 2030 compared to the 2°C target. Many analyses show renewable energy becoming cheaper than fossil fuels and the potential for 100% renewable energy systems, though political and policy barriers remain in fully realizing this transition.
The document discusses alternatives to pursuing a gas-fired recovery in Australia. It summarizes views that expanding gas extraction and infrastructure risks wasting taxpayer money and locking the country into fossil fuel assets at a time when major trading partners are pursuing net zero emissions by 2050. There are concerns that pursuing more gas will not actually lower prices due to market control by a small number of companies. The potential health, environmental and water contamination risks of proposed new gas fields are also summarized from experts and local residents. Alternatives like energy efficiency and renewable energy are suggested to meet energy needs at lower cost without the risks of expanded gas development.
Lattice Energy LLC - Fossil fuels and nuclear vs renewables for powering elec...Lewis Larsen
Enormous potential future value for diversified portfolios of renewable, fossil-fueled, and nuclear power generation --- enable grids to have resilience against extreme weather events related to climate change and “Black Swan” volcanic eruptions.
Proverb: “In the first place … an ounce of prevention is worth a pound of cure.” Benjamin Franklin (1735). Fukushima lessons: mitigate improbable extreme events if not too expensive; $200 million was thought too costly to fix backup generators in 2006 but the ‘cure’ for the 2011 nuclear disaster now costs $189 billion and could take 30 - 40 years.
What may appear ‘greener’ and less $$$ in myopic short-term decision-making about grids could end-up being extremely $$$ expensive or catastrophic in longer-term. Data suggests that is it too risky for society to put all its energy “eggs” into a single renewable basket. Lattice therefore believes balanced diversity of different types of grid power sources is best strategy for insuring 99+% future reliability and excellent resiliency of electricity grids facing onslaughts of extreme weather events and low but non-zero probability for catastrophic Black Swan volcanic eruptions.
Since high % of renewable energy sources on electricity grids is a new phenomenon and unexplored territory, there aren’t preexisting road maps to guide government regulation and critical implementation by industry. Private sector companies by nature are concerned with short-term bottom line profitability and have more narrowly focused interests; by contrast, government is responsible for insuring national energy security over much longer time-frames and broader range of grid-threatening events.
Rick Perry/DOE’s controversial NOPR to FERC in September created an important opportunity for U.S. government and industry to begin productive dialogue about how to enhance the U.S. electricity grid’s ability to maintain present reliability and adapt to climate change.
- Proponents of coal energy argue that clean coal technologies should receive the same government incentives as other low-carbon energy sources to help limit global warming. However, coal currently has a very negative public perception that makes it difficult to obtain government support.
- Upgrading the efficiency of existing coal plants and installing carbon capture and storage (CCS) systems on new plants could significantly reduce global CO2 emissions. However, CCS is currently not economically viable without much higher carbon prices or more government support.
- While renewable energy is increasingly important, coal will still be needed to ensure reliable electricity supply given its intermittent nature. Modernized coal plants with CCS could work together with renewables to provide flexible power generation and meet
Lattice Energy LLC - Adequate reasonably priced dispatchable power generation...Lewis Larsen
Adequate reasonably priced dispatchable power generation is critical for every country’s energy security.
Renewable energy sources sometimes unable to fill total national demand for electric power because they are intermittent. Unusual European weather in December 2016 demonstrated that Germany’s Energiewende (energy transition) as idealistically envisioned by its many supporters may be impractical.
“One cannot simultaneously rely on massive amounts of wind and sunshine, dispense with nuclear power plants, significantly lower the supply of fossil energy, and nevertheless tell people that electricity will definitely be available in the future.” Quoted from article by Heiner Flassbeck, a prominent German economist, that was published on January 10, 2017
It is thus apparent that national energy security, 99+ % grid uptime availability, and reasonably priced electricity for retail consumers could be jeopardized in countries that don’t have adequate dispatchable power generation capacity.
Electricity shortfalls from renewable wind and solar energy sources are today covered by dispatchable fossil fuel and fission power plants --- if fossil fuels and fission are then phased-out, then what will replace them?
Radiation-free ultralow energy neutron reactions (LENRs) could potentially provide an alternative nuclear technology to fission and fusion. While LENRs do use safe ultralow energy neutrons to trigger release of nuclear binding energy (heat) from an enormous array of stable element target fuels, they are radically different from Uranium and Thorium fission reactors that require criticality to operate properly. Unlike fission, LENRs don’t involve multiplicative chain reactions with fuels that in turn release multiple neutrons which then explosively accelerate neutron production --- nuclear runaways are not a risk with LENRs.
D-T fusion reactors like ITER and other similar Tokamaks mainly produce heat by harvesting the kinetic energy of deadly 14.1 MeV energetic neutrons. Consequently, they require massive shielding and containment systems for safe operation and unsurprisingly have enormous costs and unavoidably huge physical size. Given that the Lithium LENR fuel cycle releases nearly 27 MeV versus a total Q-value of 17.6 MeV for the D-T fusion reaction, it is hard to imagine a sound economic argument for spending 100s of billions on commercial fusion reactors if LENR technology were successfully developed and scaled-up as outlined herein.
Lack of hard radiation and radioactive wastes permit downward scalability that could enable future development of revolutionary, compact battery-like portable LENR power sources that can compete directly on $ price/kwh with chemical batteries in many applications including power tools, tablets, and smartphones.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
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Sustainable Computing and Telecom Can Contribute to Limiting Global Climatic ...Larry Smarr
10.07.28
Invited Seminar
AT&T Shannon Labs
Title: Sustainable Computing and Telecom Can Contribute to Limiting Global Climatic Disruption
Florham Park, NJ
This document discusses the challenges of global warming and climate change. It provides evidence that global temperatures are rising faster than expected, with 2010 being the warmest year on record. It notes that CO2 levels are rising rapidly due to human activity since the Industrial Revolution. Climate models predict further warming of 5-11°C by 2100, which would melt ice sheets and raise sea levels significantly. Urgent action is needed to transition to renewable energy and reduce greenhouse gas emissions to avoid potentially catastrophic climate change impacts.
published in 2022
RMI views
(not necessarily EFOW point of view: check on facts, realities and views, and ways of going about change: urgencies (priorities), realities and our true opportunities!)
The Energy Picture In A Few Graphics.pptxDanCloutier3
The document provides an overview of global energy sources and usage. It includes the following key points:
- The world consumes vast amounts of energy from various sources on a daily basis, including 98 million barrels of oil and 328 billion cubic feet of natural gas.
- Renewable energy sources like wind and solar currently contribute small percentages to global electricity usage compared to other sources.
- Non-renewable resources like coal, oil, and gas face challenges in meeting increasing future demand due to constraints in supply and environmental concerns.
- Transitioning to renewable or low-carbon energy on a global scale presents major infrastructure and resource requirements that will be difficult to achieve.
Similar to The Race of Our Lives: A summary of Jeremy Grantham’s seminal note to investors, in pictures and charts, supplemented with content from Future Today (20)
Plans for rewilding and repeopling on an estate in the HighlandsJeremy Leggett
The document presents a model for a 21st century sustainable Highland estate called Bunloit that aims to address climate, biodiversity, COVID-19, and depopulation crises through four Rs: restoration, regeneration, repeopling, and recovery. It discusses conducting stakeholder consultations, donating profits to the local community, setting goals to increase carbon sequestration, biodiversity, employment, and sustainable profitability by 2031. The model at Bunloit would restore crofts, build single eco-homes and small clusters of enterprises and homes, and establish a school for furniture building to attract new residents as part of repeopling the area.
Why the UK government finally gave up on fracking shale for oil and gas. And ...Jeremy Leggett
After years of dogged support for fracked shale gas and oil, at the expense of clean energy, the Conservatives finally gave in today. This is a significant victory for environmentalists. But the implications are global, and are fully explored in this presentation.
Global heating and the climate chaos that results from it: a slideshow summa...Jeremy Leggett
A slideshow-summary for-the-busy prepared for the team at Solarcentury, as a backgrounder for our support for the youth strike event on 20th September and the Extinction Rebellion protest on 7th October.
How liberal democracy can die ....on our watch: A pictures-and-charts summary...Jeremy Leggett
The UK enters the most important week in the history of its ancient democracy at a time when trends in social attitudes and tech capabilities bode ill for the future of democracy in multiple countries. Some of the numbers in this presentation will amaze you, if you have not already encountered them. All who care need to act, and soon. Beyond the need for immediate pressure for the empowerment of true democrats, my starter for ten is in the last slide.
This presentation is an update of my last summary on this subject, in July 2018.
This is why we talk of extinction - a slideshow precis/analysis for-the-busy ...Jeremy Leggett
UN scientists this week reviewed the impacts of observed and predicted global heating on land, plus adaptation and mitigation response options. This is a vital report, with many life-or-death messages for governments at the climate negotiations, and indeed everyone who worries about the existential threat global heating and climate chaos pose for civilisation and the natural world. I have prepared a slideshow precis / analysis of the the first part of the report, on impacts. In it, I try to make the urgent messages clear, but also the pulled punches that are inevitable in a report written by a huge committee, and subject to bad-actor lobbying. I will cover the policy piece in a later presentation.
The shortfall in progress on the provision of affordable and clean energy for...Jeremy Leggett
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The Race of Our Lives: A summary of Jeremy Grantham’s seminal note to investors, in pictures and charts, supplemented with content from Future Today
1. The Race of Our Lives
A summary of Jeremy Grantham’s note to investors,
in pictures and charts, supplemented with content from
Future Today
Jeremy Leggett
2. Preface
The original paper is 35 pages and a read of >1 hour.
These 50 pictures and charts are a scan of <10 minutes.
I am hoping, therefore, that they are a useful supplement
…and importantly an inducement to read the original paper.
The supplementary slides are from the Future Today chronology
of selected developments in climate, energy, tech and
the future of civilization: www.jeremyleggett.net
3. Style, content, and sources
Extracts from the Grantham paper are within quotation marks.
All other passages are my understanding of the main points.
The powerpoint version of this summary includes source urls
as notes, and is available free for any use, by anybody, at
https://drive.google.com/drive/folders/1pJlLMT57QZbUP0ZjWf5RMrexzDuanaC2
The original Jeremy Grantham paper can be downloaded at
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-
allocation/the-race-of-our-lives-revisited.pdf
4. Carbon dioxide, derived mainly from fossil-fuel burning, is the main
problem. Concentrations are >2x highest level in past 400k years.
7th Jan
2016
The reasons we are in a race-against-time begin with
rapid build up of greenhouse gases in the atmosphere
Source:NOAA,summarizingdatafromicecores
5. “Please explain to me, if anyone knows, why these people say stuff like
that. I have no idea. Perhaps they hate their grandchildren.”
7th Jan
2016
Rising GHGs are driving accelerating global warming: a
provable fact, yet some still say there is no warming
Global Surface Temperature Compared to 1951-1980 Average
Source:Asof8/31/16Source:NASA
GoddardInstituteforSpaceStudies,GMO
6. Michael Mann et al’s temperature reconstruction from 1999 in blue.
PAGES2K temperature reconstruction 2013 in green. Data record in red.
A “hockey stick” of global average temperature rise
was first published 20 years ago
7th Jan
2016
20th Apr
2018
7. “Jeremy Leggett is one of those prominent establishment climate
activists who has made a tidy living from the renewables scam.”
7th Jan
2016
28th Jul
2018
Today, even tabloids worry about global heatwaves,
…but some columnists keep pumping out denial
8. One of the worst is increase in downpours ( & soil erosion). In the USA,
annual 3 inch rainfall days compared to average are up 20% since 1975.
7th Jan
2016
9th Aug
2018
Dire impacts are becoming clear, and these will
increase unless we decarbonize our economies
Source:EM-DATdatabase
9. e.g.: “This event is unprecedented & all impacts are
unknown & beyond anything experienced”
7th Jan
2016
27th Aug
2017
Hurricane Harvey
forecast rainfall
Houston city officials: “Head to your
roofs, not your attics”
So says the US National
Weather Service
10. 7th Jan
2016
28th Jun
2017
The Paris Agreement pledges emissions will fall
enough to keep warming < 2˚C & 1.5˚C if we can
Decarbonisation
by 2040
As a long list of climate experts summarise in Nature, that means total
decarbonization - retreat from burning fossil fuels - by c. 2040.
Source:C.Figueresetal
11. As global energy demand grew 2.1% in 2017, CO2
emissions rose 1.4% to a historic high of 32.5 Gt
7th Jan
2016
21st Mar
2018
“We are far from being in line with the climate targets set in Paris”:
Fatih Birol, IEA Executive Director.
Flat
Global energy-related CO2 emissions 2000 - 2017
Source: IEA
12. 7th Jan
2016
13th Feb
2018
Leak of the forthcoming IPCC report concludes 66%
chance of 1.5˚C target is “already out of reach”
13. “Wind and solar are going to be cheaper than the operating costs of
coal and nuclear, even the best coal and the best nuclear.”
7th Jan
2016
“Our one material advantage is in the accelerating
burst of green technologies”
Unsubsidized Levelized Cost of Renewable Energy over Time
Source:Lazard,asofend2016
“….better than anyone
expected 10 or even
5 years ago”
14. 7th Jan
2016
13th Jan
2018
Renewable electricity will be consistently in lower
range of undercutting fossil fuels by 2020: IRENA
e.g. Expect global weighted cost of utility-scale solar PV to fall from
$0.10/kWh in 2017 to $0.03 in 2018, and to average $0.06.
15. BNEF estimates the 2nd TW will arrive by mid-2023, costing 46% less
than the c. $1.3 tn required for the first. 54% wind, 46% solar.
7th Jan
2016
2nd Aug
2018
World passes 1,000 GW of wind and solar, on a
rising exponential curve, in the last days of June
16. 7th Jan
2016
1st Dec
2017
US coal-fired power plant to be shut down
and replaced by solar
Wisconsin utility WEC Energy’s 1,190MW Pleasant Prairie
plant to be replaced by a 350 MW solar farm
17. Nuclear is “ridiculously expensive”, “utterly uncompetitive”, says the
longstanding nuclear advocate: $9bn now to build one reactor.
7th Jan
2016
24th July
2018
Nuclear power can’t compete with solar power:
former IEA boss Nobuaki Tanaka
18. Exponential rise of electric vehicles will likely halve today’s cost by 2025,
and halve it again with the next generation of solid-state batteries.
7th Jan
2016
9th Aug
2018
Battery cost “has dropped 85% in 8 years, faster than
solar panels, wind or anything else. Quite remarkable”
Lithium-ion Battery Pack Prices and Annual Decline
Source:BloombergNewEnergyFinance,GMO
Lowendof2025estimaterange,at$40/kWh,assumes
adoptionofnext-generationsolid-statebatterytechnology.
19. BYD’s first electric bus, just seven years ago, was seen as a joke. Now
China’s e-buses are displacing 233,000 barrels of oil a day.
Every five weeks, Chinese cities are adding 9,500
electric buses – the size of the London bus fleet
7th Jan
2016
23rd Apr
2018
Honda’s Asimo
20. 7th Jan
2016
12th Feb
2018
“A Powerful Mix of Solar and Batteries Is Beating
Natural Gas”
e.g. Arizona PS Co. opts for a solar-battery project cheaper than gas.
California PURC requires PG&E to use batteries over gas.
The Way Humans Get Electricity Is About To Change Forever
21. Case for coal and gas plants is “crumbling” as wind,
solar and battery costs plunge
7th Jan
2016
28th Mar
2018
Bloomberg New Energy Finance says its latest conclusions
have “chilling” implications for fossil generators.
• Global LCOE falls 18% YOY for
both onshore wind and PV in
first six months of 2018
…to $55/MWh and $70MWh
respectively
• Offshore wind down 5% to
$118/MWh
• 79% fall in lithium-ion battery
costs since 2010
22. We will pass 2˚C of global warming around then, and “will be fighting
tooth and nail …to keep below 3˚C by 2100.”
7th Jan
2016
9th Aug
2018
The bad news is that on current trends climate change
will “barely be slowing down” by 2050
Source: OurWorldinData.org, Vaclav Smil, Carbon Dioxide Information Analysis Centre,
GMO Data from 2015-2050 is estimated or forecast.
Annual Energy Supplied by Fossil Fuels, and Cumulative CO2 Emissions
23. “We will need luck, in technology and above all in political leadership:
the need to stand up to the influence of the fossil fuel industry.”
7th Jan
2016
9th Aug
2018
A major barrier is that the fossil fuel industries dislike
the regulation that is the only hope of fixing climate
Picture from Future Today: routine flaring of gas in oil operations. If the the gas burnt in flares
were captured and used for power generation, it could supply 90% of Africa’s electricity.
24. 7th Jan
2016
26th Oct
2017
Potential emissions from reserves of the Carbon
Underground 200 are > 6 times their carbon budget
The CU 200 are the top 200 publicly-quoted companies as measured
in size of fossil-fuel reserves.
2017 -2050
The Carbon Underground 200TM
allocated carbon budget
i.e. their pro-rata share of
IPCC’s 80% chance of 2˚C
(598 GtCO2)
80.4 GtCO2
2017
The Carbon Underground 200TM
potential emissions in reserves
491.9 GtCO2
Coal reserves
341.2 GtCO2
Gas reserves
79.3 GtCO2
Oil reserves
71.4 GtCO2
25. 7th Jan
2016
5th July
2018
Ben van Beurden: “You have to believe us that setting an ambition,
sticking my neck out, my personal reputation, the reputation of the
company, is a big enough incentive for me to get it right.”
Shell CEO says firm carbon emissions targets are
“superfluous”, and society should simply trust him
26. 7th Jan
2016
12th Dec
2017
Funds managing $26 trillion pledge to pressure the
worst 100 companies on emissions
These 100 = 2/3rds global total emissions. 225 institutions are signed up
to pressure them, incl. HSBC Global Asset Management, Calpers, Axa ++,
27. “Stop reasoning with the oil majors and sell their
shares instead”: Tom Sanzillo writing in the FT
7th Jan
2016
8th Mar
2018
“The shareholder engagement process increasingly
looks like a cynical exercise” where they just talk to buy time.
Tom Sanzillo, former first deputy
comptroller of New York State
28. “$300 bn is less than the amount of losses in the United States alone
from weather and climate disasters in the single year of 2017.”
7th Jan
2016
9th Aug
2018
We spend c. $300 bn a year on clean energy today, &
need c. $2tn p.a. for 100% decarbonisation by 2050
Annual Global Renewable Energy Capex
Source:DNVGL.Asof9/30/18.
Datafrom2015-2050isestimatedorforecast.
29. An update report by CERES sees realistic opportunities in the tens of
trillions across an array of asset classes in multiple sectors.
The “clean trillion” - the extra c. $1 tn p.a. needed
through 2050 for Paris 2˚C - is “eminently feasible”
7th Jan
2016
10th May
2018
Summary of conclusion in the original 2014 CERES report
on closing the clean energy investment gap
30. The conclusion of an international group of scientists systematically
working through the counter-arguments of a pro-nuclear group.
“There are no roadblocks on the way to a 100%
renewable future”: all issues solvable at low cost
7th Jan
2016
17th May
2018
Future Today
31. So estimates a Stanford University economic study published in Nature.
Cost of action to hit the target: $0.5 tn globally in next 30 years.
Hitting 1.5˚C Paris target vs 2˚ will save the world c.
$30 trillion in climate-related damages by 2030
7th Jan
2016
23rd May
2018
Future Today
32. “In my lifetime, the global population has tripled.” (And if you see an
exponential chart like this in investing, “you know what to do: go short”).
7th Jan
2016
9th Aug
2018
“It is time now for the terrible news …the issue is food
sufficiency” and it begins with global population
World Population and Projections to 2100
Source:UNWorldPopulationProspects.
Asof1/25/18.
33. Poll data show many millions of Africans hope to migrate to the US and
Europe. As climate stresses descend on economies, so numbers will rise.
7th Jan
2016
9th Aug
2018
“The real problem with population.
In a word, Africa.”
World Population to 2100 – Medium UN Estimate
Source:UNWorldPopulationProspects.
Asof1/25/18.
34. “How the Populist Right Is Redrawing the Map
of Europe”
7th Jan
2016
11th Dec
2017
“A rising tide of anti-immigrant and populist sentiment that is sweeping
aside or weakening mainstream party politics across the continent”.
35. Our 2010-2030 estimate: “productivity per acre would still continue to
grow, other things being even, but at a slowly diminishing rate.”
7th Jan
2016
9th Aug
2018
Average Annual Agricultural Productivity Growth in the United States
Average of yield growth for corn, wheat, and rice
Source:USDANASS
*GMOprojectionexcludingfutureeffectsof
erosionandclimatechange.Asof1/31/18
.
US & Europe are under food stress as is: productivity
of grains per acre is falling as natural limits approach
36. 7th Jan
2016
9th Aug
2018
“It is the one or two great downpours every few years that cause the
trouble. We’re losing perhaps 1% of our collective global soil a year. We
are losing about a half a percent of our arable land a year.”
But other things are not even. We have soil erosion
and climate change impacts to contend with…
Gullying after heavy rain Soil Depth in Iowa Has Halved
Since Intensive Cultivation Began
37. “The scary thing is that our crude attempt to put all these factors
together is the first that you, dear reader, have ever seen!”
7th Jan
2016
And when we combine the effects of grain
productivity limits, climate change, and soil erosion….
US grain yields, historical and projected
Index averaging corn, soy and rice yields 2017 =1
.
Source:USDANASS,Rhodes2014,Liangetal
2017,GMO.AsofendApril2018.
“It is calculated that
there are only 30 to 70
good harvest years left,
depending on your
location”
38. 75% of all reserves are there and Western Sahara (controlled by
Morocco). “And phosphate is more important even than oil.”
7th Jan
2016
9th Aug
2018
Then there is the issue of phosphate - we depend on
that for fertilizer, and therefore depend on Morocco
Source: USGS. As of end 2012.
.
39. “They have just gone missing. Why isn’t this a dramatic item in our
news? One-third of all the food plants that we eat need pollination,
every flower needs a pollinator. What we’ve done is created a toxic
world, which is apparently not conducive to life as we know it.”
7th Jan
2016
9th Aug
2018
“The next piece of very bad news: the 75% loss of
flying insects …These are our pollinators”
40. Flying insects numbers have plunged by 76% over the past 25 years,
according to a comprehensive German study.
Scientists warn of “ecological Armageddon” after
discovering a dramatic plunge in insect numbers
7th Jan
2016
18th Oct
2017
41. So an international group of scientists warn, after the most
comprehensive study yet: geographic ranges of 31,000 insect species.
Climate change will cause “major insect wipeout”
with “far-reaching disruption to life on Earth”
7th Jan
2016
17th May
2018
Future Today
Image:GuardianGraphic
basedonWarrenetal,Science
Percentage of species losing more than half their range by 2100
42. With bees scarce, a drone pollinates an apple
orchard for the first time ….results yet to be seen
7th Jan
2016
7th Jun
2018
Dan Robitzski of Wired: It is “like putting a bandage over a big,
gruesome cut that we didn’t even clean first.”
New York state
43. “Investors are sinking hundreds of millions into a
technology that could revolutionize the way we eat”
7th Jan
2016
3rd Aug
2017
Indoor vertical farming: food grown on trays or hanging modules in a
climate-controlled, indoor facility, without pesticides, and much else.
44. “We deforest the land, we degrade our soils, we pollute and overuse our
water, and we treat our air like an open sewer. All of this is off the
balance sheet and off the income statement.”
7th Jan
2016
9th Aug
2018
Capitalism and economics, as currently configured,
fuel the problems we are talking about
45. 7th Jan
2016
9th Aug
2018
How GMO invests in
the face of all this
In the portfolio of climate change
opportunities “what we’re trying
to do is understand, a little ahead
of the market, these powerful and
complicated new crosswinds as
we decarbonize”
“….I can say that I have a very
high-confidence belief that these
industries collectively will have
higher top-line revenue growth
than the balance of the economy”
46. 7th Jan
2016
As for producers of fossil fuels and toxic chemicals,
the data show you can divest without loss
Annualized Absolute Returns (Nominal Terms): 1989.2017
Range: 50 bps
Source:S&P,GMO.AsofendSept.2017
“These are the facts – not the hearsay of investment committees that
have managed to maintain an erroneous, but perhaps convenient,
consistency over decades on this issue.”
The effect of dropping one sector
out of 10 over the last 18 years
47. Global movement divesting from fossil fuels has
reached $5.5 trillion across multiple sectors
7th Jan
2016
3rd Oct
2017
Catholic church makes record faith-based divestment from fossil fuels
on birthday of St Francis of Assisi: 40 institutions, 4x previous record.
48. 7th Jan
2016
16th Nov
2017
Norwegian Central Bank, manager of the oil fund,
tells government it should divest from oil and gas
Biggest holding end 2016:
$5.3 bn in Shell
49. “Oil must face its future as a declining industry”:
Legal & General Investment Management in the FT
7th Jan
2016
13th Jun
2018
LGIM’s CIO and a commodities specialist suggest that rather than
transition to renewables, oil companies stop investing and return cash.
50. “Big Oil must pay for climate change. Now we can
calculate how much”: leading climate scientists.
7th Jan
2016
7th Sep
2017
“Nearly 30% of the rise in global sea level between 1880 and 2010
resulted from emissions traced to the 90 largest carbon producers.”
Myles Allen, Oxford University, et al
51. 7th Jan
2016
9th Aug
2018 What should we do? Some recommendations
• Vote for green politicians …& that can include some
Republicans.
• Lobby investment firms to be greener and to lean on their
portfolio companies to do the same.
• Do not grant the oil companies immunity – they have been
complicit in a global cover up of data, funded propaganda,
delayed decarbonization, and “recklessly endangered us.”
• Consume with decarbonization in the front of mind.
“We’re racing to protect not just our portfolios, not just our
grandchildren, but our species. So get to it.”
52. 30th Sep
2015
18th Sep
2015
UNGA agrees Sustainable Development Goals
Aim: to eradicate poverty via sustainable development
Governments are aware of most of the problems in Jeremy Grantham’s
paper, and have pledged to tackle them. But progress so far falls short.
Editor's Notes
Image: Solar Power Portal
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 1 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 2 from the paper
https://blogs.scientificamerican.com/observations/earth-day-and-the-hockey-stick-a-singular-message/
Image: from article
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 7 from the paper
https://www.nytimes.com/2017/08/27/us/harvey-texas-storm.html
Images: National Weather Centre
https://www.nature.com/news/three-years-to-safeguard-our-climate-1.22201
Image: From report
https://www.ft.com/content/c9454688-2d10-11e8-9b4b-bc4b9f08f381
http://www.iea.org/publications/freepublications/publication/GECO2017.pdf
Image: from report
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 10 from the paper
http://irena.org/-/media/Files/IRENA/Agency/Publication/2018/Jan/IRENA_2017_Power_Costs_2018_summary.pdf?la=en&hash=6A74B8D3F7931DEF00AB88BD3B339CAE180D11C3
Image: from report
https://about.bnef.com/blog/world-reaches-1000gw-wind-solar-keeps-going/
Image: from article
https://www.pv-tech.org/news/wec-energy-group-to-replace-wisconsin-coal-plant-with-350mw-of-solar
Image: Power Magazine
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 12 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 14 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
https://www.ft.com/content/0d66da44-899f-11e8-bf9e-8771d5404543
Image: Modern Diplomacy
http://fossilfreeindexes.com/research/the-carbon-underground/
Image: From report, my annotations
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 16 from the paper
https://www.ceres.org/CleanTrillionInSight
Image: from the original 2014 report: https://www.ceres.org/resources/reports/investing-clean-trillion-closing-clean-energy-investment-gap
https://www.eurekalert.org/pub_releases/2018-05/luot-cwg051718.php
https://ac.els-cdn.com/S1364032118303307/1-s2.0-S1364032118303307-main.pdf?_tid=7a534d08-d1aa-47fa-9d6f-cab7b0d1bed8&acdnat=1526626725_d32c3e2f82a43ccfc0ae110d609e08aa
Image: from paper
http://www.theguardian.com/environment/2018/may/23/hitting-toughest-climate-target-will-save-world-30tn-in-damages-analysis-shows
https://www.nature.com/articles/s41586-018-0071-9Image: NASA / NOAA
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 17 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 20 from the paper
https://www.bloomberg.com/graphics/2017-europe-populist-right/
Image: screenshot from article
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 23 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibits 24 and 26 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 28 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 29 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Image: Natural History Museum
https://www.theguardian.com/environment/2017/oct/18/warning-of-ecological-armageddon-after-dramatic-plunge-in-insect-numbers
Image: Flying insects caught in a malaise trap, used by entomologists to collect samples. From The Guardian, courtesy of Entomologisher Verein Krefeld
http://www.theguardian.com/environment/2018/may/17/climate-change-on-track-to-cause-major-insect-wipeout-scientists-warn
Image: Guardian Graphic based on Warren et al, Science
https://futurism.com/drone-bees-pollinate-new-york-apple-orchard/
Image: screenshot of video from article
http://uk.businessinsider.com/food-investment-vertical-farming-2017-8
Image: Scientific American
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 33 from the paper
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf
Image: Exhibit 33 from the paper
http://www.theguardian.com/environment/2017/oct/03/catholic-church-to-make-record-divestment-from-fossil-fuels
Image: National Catholic Reporter