Energy in Demand News, March 24, 2024

“The state of the climate in 2023 gave ominous new significance to the phrase

‘off the charts.'”

That quote introduced the World Meteorological Organization’s latest annual report. It confirms that 2023 was the hottest year on record by a clear margin. Records were broken for ocean heat, sea level rise, Antarctic sea ice loss and glacier retreat. The report adds that the cost of climate inaction is higher than the cost of climate action. “Sirens are blaring across all major indicators… Some records aren’t just chart-topping, they’re chart-busting. And changes are speeding-up,” United Nations Secretary-General António Guterres says in the WMO press release. When are we going to consider this a crisis? From our collective actions, certainly not yet.

Two headlines in the press this week truly show that climate is not being treated as a crisis. Pilita Clark writes in the Financial Times (behind a paywall): “Wall Street is letting Orwellian doublethink kill climate action.” And in the Guardian, Dharna Noor writes: “World’s largest oil companies ‘way off track’ on emissions goals, report finds.” This report from Carbon Tracker says that despite splashy climate pledges, firms including BP and Saudi Aramco have plans to expand fossil fuel production.

Crisis? What crisis?

In upcoming weeks there are two events not to miss. In May there is Australia’s 2024 Energy Efficiency National Conference. In June, eceee holds its bi-annual summer study. Check out details on the two events here. For the recent World Sustainable Energy Days, here is a good review of the event.

In planning travel over the upcoming weeks, here is some useful news to help you along:

Derek Bok (b. 1930), an American lawyer and educator, and the former president of Harvard University discusses the cost of education: “If you think education is expensive, try ignorance.”

EiD welcomes your views about this week’s selection of posts on the zero-carbon energy transition:

Please send your comments on any of the posts. Please follow us on X at @EnergyDemand and @rodjanssen. Please recommend EiD to your friends and colleagues.

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