Five Stories: Barclays Says Paris Deal to Boost Clean Energy, Cause $33 Trillion Loss to Fossil Fuel Industry

Here are five recommended reads for today (12/15/15).

  1. Renew Economy writes: “Energy analysts from the UK-based investment bank Barclays said the Paris deal, which aims to cap global warming well below 2°C, with an aspirational target of 1.5°C, will result in a boost to renewable energy, and will cause a rethink from investors about new investments in fossil fuel sources. Lead analyst Mark Lewis says the implications for the fossil fuel industry are profound, and will likely cause it to suffer a loss in revenue of around $US33 trillion out to 2040 over business as usual.”
  2. Climate Progress explains why the fact that the Paris climate deal is “non-binding… does not mean meaningless.”
  3. Forbes reports, “A landmark deal to curb global warming dented shares of fossil fuel companies on Monday and lifted renewable energy stocks, although some price swings were muted by the non-binding nature of the pact.”
  4. The New York Times argues, “If Congress decides to change a 40-year-old law that restricts the export of crude oil, as is likely this week, that move must be accompanied by measures like tax credits for renewable energy to help in the fight against climate change.”
  5. Media Matters reports: “A professor who was caught agreeing to hide the oil funding behind a climate denial research paper named Breitbart News as a media outlet that could ‘likely help’ publicize the research, according to emails unearthed as part of an undercover investigation by Greenpeace. Indeed, Breitbart News has frequently cited Princeton Emeritus Professor William Happer to promote the supposed “benefits” of climate-warming carbon pollution and argue against a “war on CO2” —  including just days before the Greenpeace investigation was released. And now that Greenpeace has exposed Happer’s ethically dubious actions, Breitbart News is defending Happer’s behavior as ‘morally and scientifically unimpeachable.'”