Natural gas releases fewer harmful air pollutants and greenhouse gases than other fossil fuels. That’s why it is often seen as a bridge technology to a low-carbon future. A new study by the Institute for Advanced Sustainability Studies (IASS) has estimated emissions from shale gas production through fracking in Germany and the UK. It shows that CO2-eq. emissions would exceed the estimated current emissions from conventional gas production in Germany.
The days of Germany’s lignite-mining industry are numbered, that much is clear. The Coal Commission appointed by the Federal Government now has the job of planning how exactly the phaseout will proceed. One issue that is often overlooked in this context is the question of how the rehabilitation of former coal-mining sites is to be financed. A new IASS Discussion Paper examines the risks inherent in the existing financing practice and makes concrete proposals for changes.
The German naturalist, writer, and statesman Alexander von Humboldt taught that all things are truly connected to everything else; that our entire world is an interwoven tapestry. The only way to ensure a dignified life for all, without poverty and hardship, is to make climate change and the limits of global resources central criteria in all political and economic decisions. One proposed solution to the growing problem of poverty is unconditional basic income (UBI).
Ever since Mark Carney, the Governor of the Bank of England, spoke in 2015 before Lloyd’s of London about climate change, the future of the energy industries, and financial stability, finance ministers and central bank governors around the world have underscored climate protection’s systemic threat to the world’s financial system.
As a child, I lived near the forests and walked everywhere on foot because we did not have motorable roads, nor could my parents afford to buy a family car. If I were to narrate this story to sociologists or media reporters, then I would feel that I was exposing my limited wealth compared with people in developed countries. But when I shared my story with scientists at the IASS, I narrated it confidently, because they think that we are on the right path towards achieving the Sustainable Development Goals (SDGs).