Futures prices of West Texas intermediate crude oil and lithium, May 2021-March 2022. Graphic: Bloomberg

A world that’s more expensive is starting to destroy demand – “A renewed spike in gas prices would see demand destruction become more widespread”

By David R Baker, Allison Smith, and Sheela Tobben 27 March 2022 (Bloomberg) – Prices for some of the world’s most pivotal products – foods, fuels, plastics, metals – are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic […]

Carbon emissions projected to 2050 in three scenarios: Accelerated, Net Zero, and New Momentum. BP’s Energy Outlook 2022 uses three main scenarios (Accelerated, Net Zero, and New Momentum) to explore the range of possible pathways for the global energy system to 2050 and help shape a resilient strategy for BP. Graphic: BP

BP Energy Outlook 2022 edition – The carbon budget is finite, and it is running out

By Spencer Dale 14 March 2022 (BP) – At the time of writing, the world’s attention is focussed on the terrible events taking place in Ukraine. Our thoughts and hopes are with all those affected. The scenarios included in Energy Outlook 2022 were largely prepared before the outbreak of the military action and do not include any […]

Projected U.S. energy-related carbon dioxide (CO2) emissions by fuel source in the AEO2022 reference case (left) and U.S. Energy-related CO2 emissions by AEO2022 economic growth cases (right). Energy‐related CO2 emissions dip through 2035 before climbing in later projection years. Graphic: EIA

U.S. energy projections to 2050: Fossil fuels still most-consumed energy sources through 2050 – Energy consumption increases as population and economic growth outweigh efficiency gains – Energy‐related CO2 emissions dip through 2035 but climb later

3 March 2022 (EIA) – Key takeaways from the Reference case and side cases: Petroleum and natural gas remain the most-consumed sources of energy in the United States through 2050, but renewable energy is the fastest growing Motor gasoline remains the most prevalent transportation fuel despite electric vehicles gaining market share Energy-related carbon dioxide (CO2) […]

Time series of climate-related responses to anthropogenic drivers, 1990-2020. Out of the 31 tracked planetary vital signs, 18 were at new all-time record lows or highs in 2020. Data obtained before and after the publication of Ripple and colleagues (2020) are shown in gray and red respectively. For variables with relatively high variability, local regression trend lines are shown in black. The variables were measured at various frequencies (e.g., annual, monthly, weekly). The labels on the x-axis correspond to midpoints of years. Sources and additional details about each variable are provided in the supplemental material. Graphic: Ripple, et al., 2021 / BioScience

World scientists’ warning of a climate emergency 2021 – Humans face untold suffering from “the consequences of unrelenting business as usual”

28 July 2021 (BioScience) – In 2019, Ripple and colleagues (2020) warned of untold suffering and declared a climate emergency together with more than 11,000 scientist signatories from 153 countries. They presented graphs of planetary vital signs indicating very troubling trends, along with little progress by humanity to address climate change. On the basis of […]

U.S. greenhouse gas emissions under current policy with energy market and economic uncertainty, 2005-2021 and projected to 2030. Under current trends, the U.S. will miss both of its Paris Agreement reduction targets in 2025 and 2030. Graphic: Rhodium Group

Taking Stock 2021: U.S. will miss Paris Agreement emissions reduction targets – Cheap natural gas threatens renewable energy transition

By Hannah Pitt, Kate Larsen, Hannah Kolus, Ben King, Alfredo Rivera, Emily Wimberger, Whitney Herndon, John Larsen, and Galen Hiltbrand 15 July 2021 (Rhodium Group) – For the past seven years, Rhodium Group has provided an independent annual outlook for US greenhouse gas (GHG) emissions under current federal and state policy. This current policy baseline […]

FAO Food Price Index, May 2020-May 2021. The FAO Food Price Index (FFPI) averaged 127.1 points in May 2021, 5.8 points (4.8 percent) higher than in April and as much as 36.1 points (39.7 percent) above the same period last year. The May increase represented the biggest month-on-month gain since October 2010. It also marked the twelfth consecutive monthly rise in the value of the FFPI to its highest value since September 2011, bringing the Index only 7.6 percent below its peak value of 137.6 points registered in February 2011. The sharp increase in May reflected a surge in prices for oils, sugar and cereals along with firmer meat and dairy prices. Graphic: UN FAO

Global food prices rise at rapid pace in May 2021 – Food Price Index hits highest value since September 2011, only 7.6 percent below its all-time peak

ROME, 4 June 2021 (FAO) – Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 127.1 points in […]

Uyghur men imprisoned at the Lop County #4 Re-Education Camp, Xinjiang, China. They are forced to listen to “de-radicalization” lectures. Photo: Weixin

Forced labor from China’s Uighur Muslims “behind global supply of solar panels”

By Sam Courtney-Guy 15 May 2021 (MetroUK) – A huge chunk of the world’s solar panels production depends on forced labour from China’ Uighur Muslims, according to new research. An investigation by Sheffield Hallam University estimates almost half of global supplies of polysilicon are produced by Uighurs under conditions ‘tantamount to enslavement’ in their home […]

Annualized global Bitcoin electricity consumption in TWh, 2016-2021. Graphic: Cambridge Bitcoin Electricity Consumption Index / University of Cambridge

Majority of global Bitcoin energy consumption powered by non-renewable energy – Only 39 percent comes from renewables

24 September 2020 (CCAF) – The Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School today published the third edition of its Global Cryptoasset Benchmarking Studywhich highlights the industry’s efforts to address regulatory concerns over anti-money laundering (AML) and combating the financing of terrorism (CFT), but cautions that efforts to address issues such […]

Icicles form on a ceiling fan in the hallway of an uptown Dallas apartment building during Winter Storm Uri, 15 February 2021. Photo: Thomas Black / Twitter

Texas faces “plumbing catastrophe,” food shortages after devastating storm – Millions of gallons leak from Austin water system – “It’s safe to say we’ve literally never seen anything like this”

By Suzanne Gamboa and Corky Siemaszko 25 February 2021 SAN ANTONIO (NBC News) – The number of Texans who were boiling their water to make it safe to drink plunged to 3 million Wednesday from 8 million the day before as platoons of plumbers and engineers worked around the clock to repair the countless homes […]

Map showing record cold temperatures across the United States on 16 February 2021 caused by winter Storm Uri, compared with the average temperatures over the 1979-2000 period. Temperatures were far colder than average and caused widespread power failures across Texas and other states. Data: National Weather Service / Global Forecast System / ClimateReanalyzer.org / Climate Change Institute / University of Maine. Graphic: The New York Times

How one Texas storm exposed an energy grid unprepared for climate change

By Josh Lederman 17 February 2021 WASHINGTON (NBC News) – A devastating winter storm that has plunged Texas into an electricity crisis offers warning signs for the U.S. as the Biden administration seeks to prepare for a future in which extreme weather is a greater risk and America is almost entirely powered by renewable energy. Generating energy is one challenge. But […]

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