The world can achieve net-zero greenhouse gas emissions by the middle of this century for an annual investment of US$1 trillion-US$2 trillion, or up to US$60 trillion over the next 30 years, a coalition of major oil firms, companies in other energy-intensive industries, and banks said.
The Energy Transitions Commission (ETC) is a coalition of 45 leaders from energy producers, energy-intensive industries, financial institutions, and environmental advocates, including BP, Shell, Sinopec Capital, Rio Tinto, ArcelorMittal, Bank of America, HSBC, Iberdrola, Ørsted, and Vattenfall.
Worth checking out at least.
The ETC is co-chaired by Lord Adair Turner
Ah, no, it’s bollocks.
Further, over and above it being bollocks because it’s Adair Turner the co-chairman manages to allow them to misspell his own name/title in the report itself. He ain’t the second or subsequent son of a Duke. He’s Adair Turner, Lord Turner, even, if he really wants, Adair, Baron Turner of Ecchinswell. But something he ain’t is Lord Adair Turner.
It’a also bollocks in the technical sense because it just doesn’t address the main question. Do we do all this now, or as soon as possible – or do we do the sensible thing as Bill Nordhaus says and replace worn out stuff with emissions free rather than tearing down perfectly good functional stuff to replace it? Without addressing that question you’re not being serious.