Thursday, December 26

Tag: energy transition

Germany Gets Honest About What Net Zero Will Cost
3Dec By adminNo Comments
Health

Germany Gets Honest About What Net Zero Will Cost

If you had “net zero causing Germany’s government to collapse” on your 2023 bingo card, congratulations—you may end up a winner. Chancellor Olaf Scholz’s administration is falling apart because it turns out someone will have to pay for decarbonizing the eurozone’s largest economy.This shocking and horrifying revelation is brought to you by Germany’s highest constitutional court, which ruled in mid-November that Berlin’s favorite budget gimmick violates the balanced-budget amendment. The amendment, known as the debt brake, limits the federal general-budget deficit to 0.35% of gross domestic product in any year unless Parliament declares an emergency.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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‘Net Zero’ Fails the Cost-Benefit Test
29Nov By adminNo Comments
Business

‘Net Zero’ Fails the Cost-Benefit Test

Nov. 29, 2023 12:52 pm ETWorld leaders are gathering in Dubai for another climate conference, which will no doubt yield heady promises along the lines of the 2015 Paris climate agreement to keep the global temperature’s rise “well below” 2 degrees Celsius and pursue efforts to limit it to 1.5 degrees. But they’d be wiser not to. New research shows how extravagant climate promises are far more wasteful than useful.A new special issue of the journal Climate Change Economics contains two ground-breaking economic analyses of policies to hold global temperatures to 1.5 degrees and its practical political interpretation, mandates to reach net zero, usually by 2050. Though more than 130 countries, including most of the globe’s big emitters, have passed or are considering laws mandating net-zero ...
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India to Overtake US as World’s Second-Biggest Economy by 2075: Goldman Sachs
11Jul By adminNo Comments
Business

India to Overtake US as World’s Second-Biggest Economy by 2075: Goldman Sachs

Last Updated: July 11, 2023, 02:49 ISTUnited States of America (USA)A man carries empty water bottles past a bronze replica of the Charging Bull of Wall Street, inside the premises of the Bombay Stock Exchange (BSE) in Mumbai, February 1, 2023. (Reuters)India's long-term forecast predicts it will surpass the US and become the world's second-largest economy by 2075. There will be a number of key driversIndia is projected to become the world’s second-largest economy by the year 2075, surpassing the United States, according to a forecast by American investment bank Goldman Sachs. As the most populous nation on the planet with 1.4 billion people, India’s potential lies in boosting labor force participation and providing training and skills to its vast talent pool.At the moment, India stands t...
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