1. Oil & gas companies still expect the world to consume large quantities of oil & gas in 2050. That view would seem to put the oil giants in conflict with the IPCC.
๐๐ง ๐๐๐๐ญ, ๐ญ๐ก๐ ๐จ๐ฉ๐ฉ๐จ๐ฌ๐ข๐ญ๐ ๐ข๐ฌ ๐จ๐๐ญ๐๐ง ๐ญ๐ซ๐ฎ๐...
@bstorrow
"It's just an element, a tool to explore different trajectories on the basis of the knowledge we have today & to see what ... might encounter."
Both critics & modelers agree such nuance is often lost
BP projected BECCS would reduce emissions by 1.5GtCOโ/yr in 2050.
Equinor didn't even model BECCS because it said the technology's future was too uncertain.
The IPCC sees BECCS capturing 3-7GtCOโ/yr in 2050
The pathways the models produce aren't necessarily the only ones possible. Most of the time, they're just the cheapest.
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐๐๐ฌ ๐ฆ๐จ๐๐๐ฅ๐ฅ๐ข๐ง๐ ?
What is cost-effective? We assume that this means discounting & optimising costs over the 100 years, assuming everything runs perfectly smoothly & everyone behaves, & we know everything (like costs).
The world is not this nice, unfortunately...
They could not model the cost effectiveness of this pathway. Is it cheaper or more expensive than a BECCS pathway? We don't know!
https://t.co/XnBaB1JDWZ
It is hard to trade-off supply-side & demand-side costs. This means we only estimate cost-effective on supply-side.
https://t.co/9lfUSFm8sp
https://t.co/WALF1IPZ9L
Is cost-effective, as defined in an IAM, the same as the real-world definition of cost-effective?
This is the question we need to address...
More from Economy
I know Iโve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.
But donโt take @ambermruffinโs word for it. You should get references...
A thread
How homes in Black neighborhoods are undervalued by $156
Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers
https://t.co/sx9tWWB98s
Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016
But donโt take @ambermruffinโs word for it. You should get references...
A thread
How did systemic racism get so dang strong? Find out a few of the like bajilliondy ways in our new segment, How Did We Get Here! pic.twitter.com/f4HfISckXh
— amber ruffin (@ambermruffin) January 30, 2021
How homes in Black neighborhoods are undervalued by $156
Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers
https://t.co/sx9tWWB98s
Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016