Do The World's Energy Policies Make Sense? [zero hedge]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: zero hedge
Do The World's Energy Policies Make Sense? Authored by Gail Tverberg via Our Finite World blog,The world today has a myriad of energy policies. One of them seems to be to encourage renewables, especially wind and solar. Another seems to be to encourage electric cars. A third seems to be to try to move away from fossil fuels. Countries in Europe and elsewhere have been trying carbon taxes. There are alsoprograms to buy carbon offsets for energy uses such as air travel.Maybe it is time to step back and take a look. Where are we now? Where are we really headed? Have the policies implemented since the Kyoto Protocol in 1997 had any positive impact?Let’s look at some of the issues involved.[1] We have had very little success in reducing CO2 emissions.CO2 emissions for all countries, in total, have been spiraling upward, year after year.Figure 1. Carbon dioxide emissions for the world, based on BP’s 2019 Statistical Review of World Energy.If we look at the situation by part of th
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