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
True that all the people cherishing the support of IMF or WTO for farm reforms need to cool it down a bit, because that is a model we do not want to emulate to the t in India here.
But here are some issues that deserve to be better discussed by all:
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
But here are some issues that deserve to be better discussed by all:
WTO backed by Western countries have always wanted to dismantle support systems for farmers in developing countries including India while pumping in federal payments to its farmers. Trump gave 46 billion dollars in 2020 alone to US farmers. pic.twitter.com/0V34ZQQq4J
— Ranveer Singh (@ranveersiiingh) February 4, 2021
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
