Mountains and molehills: Achievements and distractions on the road to decarbonizationContributor Michael Cembalest
Eye on the Market
The Green New Deal mandates zero net emissions for the US by 2030 for the entire energy sector (not just from electricity generation), and does so while phasing out nuclear power and relying heavily on carbon sequestration by forests. This sets a goal that cannot be achieved. At best, the Green New Deal is a slogan to galvanize support for change; at worst, it’s a sign of how little work its proponents have done. This year’s paper gets into the details of where energy comes from, how it’s used, and the de-carbonization challenges facing the world’s industrialized and emerging economies. Additional topics include the latest research on wildfires, and Trump’s War on Science.