mblakele
FSD Beta (99)
This article discusses what long-term effects CV19 might have on CO2 emissions.
The epidemic provides a chance to do good by the climate
[...]
In 2009, worldwide CO2 emissions from fossil fuels and cement production dropped by 1.4%. A year later, however, they were growing again by 5.8-5.9%—faster than they had done since 2003. By the end of 2010, annual emissions were greater than they had ever been (see chart). Overall, therefore, the financial crisis made little difference to the quantity of CO2 in the atmosphere.
[...]
[...] there are signs of a similar pattern of environmentally inappropriate stimuli happening now. Canada, for instance, is preparing a multibillion-dollar bail-out for its oil and gas industry. Airlines are clamouring for help, too. Several Chinese provinces have announced plans to go on a 25trn yuan ($3.5trn) construction-spending spree. And other ideas that have been floated in China include vouchers to encourage people to buy cars.
Meanwhile, an analysis by BloombergNEF, a clean-energy-research firm, finds that solar power may take a hit, as governments preoccupied with fighting the virus postpone decisions to commission new plants and to agree on targets for the growth of renewable energy. China, indeed, has already deferred an auction for the right to build several huge solar farms. As a result, BloombergNEF suggests, for the first time in decades the amount of solar-energy capacity installed this year could be lower than that in the previous one.
[...]
The epidemic provides a chance to do good by the climate
[...]
In 2009, worldwide CO2 emissions from fossil fuels and cement production dropped by 1.4%. A year later, however, they were growing again by 5.8-5.9%—faster than they had done since 2003. By the end of 2010, annual emissions were greater than they had ever been (see chart). Overall, therefore, the financial crisis made little difference to the quantity of CO2 in the atmosphere.
[...]
[...] there are signs of a similar pattern of environmentally inappropriate stimuli happening now. Canada, for instance, is preparing a multibillion-dollar bail-out for its oil and gas industry. Airlines are clamouring for help, too. Several Chinese provinces have announced plans to go on a 25trn yuan ($3.5trn) construction-spending spree. And other ideas that have been floated in China include vouchers to encourage people to buy cars.
Meanwhile, an analysis by BloombergNEF, a clean-energy-research firm, finds that solar power may take a hit, as governments preoccupied with fighting the virus postpone decisions to commission new plants and to agree on targets for the growth of renewable energy. China, indeed, has already deferred an auction for the right to build several huge solar farms. As a result, BloombergNEF suggests, for the first time in decades the amount of solar-energy capacity installed this year could be lower than that in the previous one.
[...]
