Energy

Oct 15 (Reuters) - The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA. U.S.

Is time running out for powerdown? Many climate policy professionals and climate activists are now reassessing whether there is anything more they can do to help prevent the global catastrophe that climate change appears to be.   The passing of the symbolic 400ppm CO2 level certainly has seen some prominent activists getting close to a change of strategy.  As the Transition Town movement founder and permaculture activist Rob Hopkins says, the shift in the mainstream policy circles from mitigation to adaptation and defence is underway (i.e.

My friends and I get together once a month to play Texas HoldEm poker - great conversation, a few drinks, snacks and laughs. But I don't like high-stakes poker. Gambling with high-value is not a wise choice, particularly if the pain of the loss translates beyond oneself. The fossil fuel industry is bluffing society in a multi-trillion dollar high-stakes poker game.

The United Nations climate chief has urged global financial institutions to triple their investments in clean energy to reach the $1 trillion a year mark that would help avert a climate catastrophe. In an interview with the Guardian, the UN's Christiana Figueres urged institutions to begin building the foundations of a clean energy economy by scaling up their investments.

China has embarked on the greatest push for renewable energy the world has ever seen. A key element involves more than doubling the number of wind turbines in the next six years. Already the world's largest producer of wind power, China plans further massive increases. From a current installed capacity of 75 gigawatts (GW), the aim is to achieve a staggering 200GW by 2020. By contrast, the European Union countries together have just over 90GW of installed wind capacity. The far western province of Xinjiang is one of seven areas designated for wind development.

The results are in: No amount of "green capitalism" will be able to ensure the profound changes we must urgently make to prevent the collapse of civilization from the catastrophic impacts of global warming. The following is an updated version of an article that originally was published in the Real-World Economics Review. We consider Richard Smith's article foundational to understanding the world we live in.

Every day, the news about climate change and the harms that are sure to accompany it gets worse and worse. To many environmentalists, the answer is simple: power shift. That is, shift from fossil fuels to clean, green, renewable, alternative energy. Well-meaning concerned citizens and activists have jumped on the bandwagon.

This year has been the nuclear power industry's annus horribilis and the nuclear renaissance can now be pronounced stone cold dead. Nuclear power suffered its biggest ever one-year fall in 2012 - nuclear generation fell 7% from the 2011 figure. Nuclear generation fell in no less than 17 countries, including all of the top five nuclear-generating countries.

With climate change concerns on the table, proponents push nuclear power as a "clean" energy. But the aftermath of the Fukushima meltdown provides one of many reasons why nuclear energy should be examined more closely. It's been nearly three years since the Fukushima Daiichi nuclear disaster, but its effects are still being felt in Japan and elsewhere in the world.