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from the did-you-check-to-turn-the-lights-off dept.
Germany's economy nowadays emits as much carbon dioxide as it did in the 1950s, when it was 10 times smaller.
According to the International Energy Agency (IEA), carbon dioxide emissions trends for 2019 suggest clean energy transitions are underway. Global power sector emissions declined by some 170 Mt, or 1.2%, with the biggest falls taking place in the advanced economies of the European Union, Japan and the United States. There, CO2 emissions are now at levels not seen since the late 1980s, when electricity demand was one-third lower.
In these advanced economies, the average CO2 emissions intensity of electricity generation declined by nearly 6.5% in 2019. This is a rate three times faster than the average over the past decade.
This decline is driven by a switch from coal to natural gas, a rise in nuclear power and weaker electricity demand, combined with the seemingly unstoppable growth in renewables. These now constitute over 40% of the energy mix in Germany (wind power +11%) and the United Kingdom, where rapid expansion in offshore wind power generation is happening.
The bummer lies with the rest of the world.
There emissions continue to expand with close to 400 Mt last year. About 80% of that increase is happening in Asia. Coal demand here continues to expand, accounting for over 50% of energy use.
(Score: 2) by meustrus on Thursday February 13 2020, @03:26PM (2 children)
You're going to have to explain what I'm looking at there. I still don't understand what crashing "up" means, and now I'm even more confused any of this has to do with Venezuela.
If there isn't at least one reference or primary source, it's not +1 Informative. Maybe the underused +1 Interesting?
(Score: 0) by Anonymous Coward on Thursday February 13 2020, @08:04PM (1 child)
There is numerator and denominator for the y-axis.
When the numerator crashes, the crash is down. When the denominator crashes the crash is up, like in venezuela. You get hyperinflation and shortages of everything.
(Score: 2) by meustrus on Friday February 14 2020, @03:03PM
Now I'm not sure what you mean by numerator and denominator. I mean, I know what those things are in general. You just haven't told me where those numbers are coming from.
But I think I'm starting to get what you mean about the market. You're suggesting that the opposite of the market crashing "down" (i.e. long-term investments are worth less) is hyperinflation.
If that's what you're saying, you're wrong. Hyperinflation is better understood as a crash in currency value. It's often associated with general market crashes, rather than being some alternate form of them.
I would go on, but I'm not an economist. There is probably some theoretical framework I'm not aware of where crashing "down" or "up" is a meaningful distinction, but frankly if it exists, its theoretical jargon is so far removed from common English that its terminology is meaningless outside the context of the framework itself.
If you're applying some specific theoretical framework here, you've left no clues as to what the theory is or where I could go to find out; please point me somewhere with something more instructive than 4 sentences of unexplained metaphor. If not, would you please stop repurposing the English language into jargon of an academic field you invented in your own head? We have enough real indecipherable academic jargon without all the not-textbook-writers vying to redefine market crashes and depressions.
If there isn't at least one reference or primary source, it's not +1 Informative. Maybe the underused +1 Interesting?