Environment vs. Economy

There has been a lot of discussion in recent months about the impact of environmental regulation on the economy. It strikes me as odd that efforts to improve the environment are seen as a potential drag on the economy when in reality there isn't a strong causal link between the two. In fact, it's worth noting that prior to the financial crisis, the UK managed to reduce its greenhouse gas (GHG) emissions by roughly 17% while its economy grew by 45% since 1990.

Climate Change and Clean Energy

Global food prices have broken yet another record. February prices were 2.2% higher than January, the previous all-time high. February's high was well above the 2008 average when food prices led to riots and hording. Much of this has to do with climate related events - floods in Pakistan and wildfires in Russia. Add to this the recent rise in the price of US oil, which is currently hovering at around $100 a barrel while global prices are closer to the $120 range.

So is now a good time to talk about climate change and clean energy? Unfortunately, a number of people want to avoid the conversation. In doing so we expose ourselves to ever increasing levels of risk and greater instability, both in markets and in countries. The transition to low carbon is happening but not at the scale necessary to meet the challenge. We have to ramp up our efforts if we hope to minimize some of the impacts we're already seeing.