LONDON—Humanity has now entered a new climate reality era, with carbon dioxide concentrations expected to remain above the level of 400 parts per million throughout 2016 and for many generations to come, the World Meteorological Organization says. The WMO, the United Nations system’s leading agency on weather, climate and water, says the globally averaged concentration of carbon dioxide in the …
Wind and Solar Are Crushing Fossil Fuels
Wind and solar have grown seemingly unstoppable. While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels. One reason is that renewable energy is becoming ever cheaper to produce. Recent solar and wind auctions in Mexico and Morocco …
How Much Longer Can The Oil Age Last? – Gaurav Agnihotri
History has been so fascinated with oil and its price movements that it is indeed hard to imagine our future without oil. Over the last few months, we have witnessed how oil prices have fluctuated from a 6 year low level of $42.98 per barrel in March 2015 to the current levels of $60 per barrel. It is interesting to …