To prevent further economic and social damage from climate change, fossil fuels need to stay in the ground. The price for coal, oil and natural gas direct after extraction needs to become so low, that it is not profitable anymore to search for new wells and to exploit existing ones. This is a tremendous challenge, because large economic interests are at stake. Main route is to make renewable energy cheaper than the costs of fossil energy including the strongly needed carbon taxes. In an intermediate period carbon capture and storage can help the transition to a fossil free energy sector, without further adding to the concentration of CO2 in the global atmosphere. So, clean energy is the core of energy and climate policy.
Last year the Dutch court in the Hague ordered Shell to reduce its CO2 emissions by at least 45% by the end of 2030. The ruling includes emissions from the… Read More
The shift towards energy without CO2 is technical feasible and affordable as well. Mandates for clean energy are key for the energy transition. See my slides for some main lines.