Big banks predict catastrophic warming, with profit potential
Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree
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Reports by Geoffrey M. Heal • October 15, 2015
The dramatic fall in oil prices since mid-2014 has raised questions about whether the availability of cheap crude could derail the movement toward lower carbon energy sources, which has been gathering momentum in the last decade and is important to the stabilization of the world’s climate. In a new paper for the Center on Global Energy Policy, Dr. Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise at Columbia Business School, and his co-author Karoline Hallmeyer explore the ways in which oil competes with renewable fuels and examine the impact a lower oil price environment may have on them. The key findings are below and the full study is available here (PDF).
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Key Findings:
Earlier this month, China convened its “two sessions”—the annual concurrent meetings of the National People’s Congress (NPC), China’s legislature, and the Chinese People’s Political Consultative Congress, a political...
During a speech at the World Economic Forum in Davos last month, President Donald Trump urged Saudi Arabia and OPEC to increase oil production to lower prices and exert...
China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. Between 2000 and 2023, China accounted for 50 percent of...
Full report
Reports by Geoffrey M. Heal • October 15, 2015