Yesterday’s New York Times contained a sobering assessment by Elizabeth Rosenthal on the impact of global economic turmoil on any progress toward a low-carbon energy future.
While Western governments seem determined to adopt meaningful carbon caps, she points out, several significant renewable-energy projects have already been stalled by the recent drop in the price of oil. One example: On Nov. 12, T. Boone Pickens announced he’s putting his West Texas wind farm project on hold until energy prices rebound.
Serious recessions have usually suppressed energy use. This time around, the serious slow-down in Chinese industrial production will forestall the construction of new coal plants there, while reduced driving worldwide should cut carbon emissions temporarily.
Nonetheless, according to Dr. James Hansen and his research team, the carbon clock is at midnight.
3 Comments so far
Leave a comment