Kate Mackenzie
Now @climate_KIC_aus & research fellow @centrepolicydev Previously @climateinstitut @ft & @ftalpha opinions are MINE
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Plunging cost of wind and solar marks turning point in energy transition - IRENA
Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday.
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Kate Mackenzie
The world could’ve saved $23bn on coal fired operating costs last year by replacing them with renewables, the global energy authority IRENA says.
42h
Americans See Climate as a Concern, Even Amid Coronavirus Crisis
Researchers thought Covid-19 might displace climate change as a threat in the American mind. It hasn’t, according to a new survey.
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Kate Mackenzie
It's telling that "the public" are still assumed to be fickle about climate change, when for years it has been a big concern for a majority of people - yes, even in the US!
And as a researcher here says, it's a "durable worry", even during other crises.
14d
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
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Kate Mackenzie
Blackrock failing to walk the talk on its commitment to climate action. It voted against 2 very popular resolutions with Australian fossil fuel companies, including one that passed.
18d
Forget carbon tariffs: Existing trade policies give dirty industries a boost
Countries around the world consistently apply lower import taxes on products produced by high-emitting “dirty” industries than “clean” ones
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Kate Mackenzie
The world currently has the opposite of a Border Carbon Adjustment: "Instead, existing trade policy grants what is essentially an $85 to $120 subsidy to polluting industries per ton of carbon dioxide produced, the study found."
26d
Bloomberg - Are you a robot?
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Kate Mackenzie
My latest column for Bloomberg @climate looks at the lessons from the much-criticised “pandemic bonds” for those wanting to use financial innovation to tackle climate change. 1/x
28d
Bloomberg - Are you a robot?
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Kate Mackenzie
Excellent, sweeping column by @liamdenning on what coronavirus means for the future of oil, especially in the US. It's for gov to choose: bail out producers already shunned by markets, or boost a clean energy transition that creates jobs & other benefits.
36d
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
The Tragedy of "The Tragedy of the Commons"
The man who wrote one of environmentalism’s most-cited essays was a racist, eugenicist, nativist and Islamaphobe—plus his argument was wrong
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Kate Mackenzie
“Hardin wasn’t making an informed scientific case. Instead, he was using concerns about environmental scarcity to justify racial discrimination.”
Such an important essay, thanks @leahstokes for reminding me of it.
43d
Assessing Global Oils — Carnegie Endowment for International Peace
Explore the true cost of technological advancements across the complete oil supply chain.
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Kate Mackenzie
(I estimated the Bakken shale emissions per barrel using this terrific resource - oci.carnegieendowment.org - which the great @jgkoomey was involved in creating!)
44d
Bloomberg - Are you a robot?
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Kate Mackenzie
My latest @climate column explores how this oil price crash might play out in a way that's good for the climate - which is pretty complicated.
44d
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
1
Kate Mackenzie
Agree the shale producers shouldn't be bailed out *unconditionally*, but I don't agree with the logic that allowing bankruptcies is good because it achieves consolidation, efficiency, lower financing costs, etc.
46d
Bloomberg - Are you a robot?
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Kate Mackenzie
CEOs from Volvo, EON, Unilever & ministers from Germany, Italy, France are among those saying Europe’s post-crisis recovery plans must be green.
51d
Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
Bloomberg - Are you a robot?
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Kate Mackenzie
Some harsh lessons from COVID (which climate was already teaching us, in fits and starts):
1. The real world has hard limits. truly
2. There’s a lot that we can’t just appify or securitise away.
3. Interdependencies are everywhere.
57d
POLITICS: Skepticism soared during the last recession. Will it again?
An Obama-era phantom has returned to haunt climate hawks: Will voters care about the environment during a recession?
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Kate Mackenzie
I don’t think climate scepticism will rise or fall as a result of COVID. But how people think about science, risk and the future will be very different.
63d
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
1
Kate Mackenzie
Thoughts on this?
"If all is spent saving airlines, oil and carmaking companies, we will have wasted an opportunity to transition towards an environmentally sustainable future."
67d
Compound Growth Could Kill Us – or Make Us Stronger | by Gernot Wagner
The power of compound growth has long been recognized as essential to economic development. But in both the COVID-19 pandemic and the slower-moving climate crisis, this same mathematical force is cutting the other way, revealing dangerous...
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Kate Mackenzie
So, @GernotWagner has written the column I was trying to write (in my head, that is!) on what coronavirus shows us about exponential growth, externalities, & the need for a multi-faceted policy response.
78d
Bloomberg - Are you a robot?
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Kate Mackenzie
One of the few things that made me laugh recently is @liamdenning pointing out that Aramco being world's biggest IPO is a bit like Spinal Tap being the world's loudest band
79d
The UK Only Realised "In The Last Few Days" That Its Coronavirus Strategy Would "Likely Result In Hundreds of Thousands of Deaths"
Scientists advising the government say an aggressive new approach adopted to attempt to "suppress" the virus may have to be in place for 18 months.
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Kate Mackenzie
The UK Only Realised "In The Last Few Days" That Its Coronavirus Strategy Would "Likely Result In Hundreds of Thousands of Deaths"
80d
Bank of England considers bank capital charge on polluting assets
Britain's first stress test of the response of banks to climate change will...
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