European Gas Prices Hit Record High As Germany Blocks Nord Stream 2

[bver_hunter]

More weather porn.

It cites all kinds of dubious numbers about the cost of hurricanes, etc., but no tangible numbers on how much those costs would be reduced. The conclusion that the net result would be a cumulative savings is completely baseless.

And I have a strong suspicion the "business-as-usual" model cited in that report is the notorious RCP.85 scenario that even climate change champions like Zeke Hausfather say is total bullshit.

Emissions – the ‘business as usual’ story is misleading

Stop using the worst-case scenario for climate warming as the most likely outcome — more-realistic baselines make for better policy.

www.nature.com

If you haven't followed this one, the so-called "business as usual" model is based on a projected five-fold increase in coal production by the end of the century - a forecast that no one believes is even remotely credible.

In fact, some have questioned whether there is a large enough supply of coal reserves left on the planet to fulfil that scenario.

That is a dubious climate change skeptic website that You posted. More Skeptic Porn from Movie-Fan!!

The creators of RCP8.5 had not intended it to represent the most likely “business as usual” outcome, emphasising that “no likelihood or preference is attached” to any of the specific scenarios. Its subsequent use as such represents something of a breakdown in communication between energy systems modellers and the climate modelling community.

While modelling potential worst-case outcomes is important, there is also a need to examine the wider range of no-policy baseline outcomes – the majority of which result in lower future emissions.

With global coal use having declined slightly since its peak in 2014, it is hard to envision a world where coal expands this dramatically in the future even in the absence of new climate policies. This is particularly true given the falling prices of alternative energy technologies in recent years. A forthcoming “expert elicitation” – where energy experts were asked to assess the likelihood of various outcomes – gives RCP8.5 only a 5% chance of occurring among all the possible no-policy baseline scenarios.

At the same time, however, it is important to recognise that predicting future emissions is inherently extremely uncertain. For example, a recent study co-authored by Nobel prize winning economist Bill Nordhaus argued that the world has a 35% chance of exceeding RCP8.5 by the end of the century. While most energy researchers think emissions of the magnitude in RCP8.5 are quite unlikely, they are by no means impossible.

While worst-case outcomes are important to take into account, particularly given the uncertainties in the magnitude of carbon cycle feedbacks, it is important that they not be considered in isolation. Taking the range of possible baseline outcomes from 6.0 to 8.5 W/m2 forcing would provide a more realistic set of scenarios for studying climate impacts in a no-policy future.

Explainer: The high-emissions ‘RCP8.5’ global warming scenario

A sizable portion of recent studies on future climate impacts have focused on a future warming scenario called “RCP8.5”. This high-emissions scenario is frequently referred to as “business as usual”, suggesting that is a likely outcome if society does not make concerted efforts to cut greenhouse...

www.carbonbrief.org

 

[dirtydaveiii]

This is amazing news I'm surprised fox News is not reporting. United States is the biggest oil producer so skyrocketing oil prices is great for the economy

 

[oil&gas]

This is amazing news I'm surprised fox News is not reporting. United States is the biggest oil producer so skyrocketing oil prices is great for the economy

Biden obviously understands the benefit of increasing oil production
to the economy at this time of rising oil prices.

Joe Biden Is Almost as Pro-Drilling as Trump

Despite pausing oil and gas leases on public land, Joe Biden approved nearly 1,200 drilling permits in a mere three months — a number almost as high as Donald Trump’s over a similar period at the end of his term.

www.jacobinmag.com

US drilling approvals increase despite Biden climate pledge

Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W

abcnews.go.com