Coronavirus could weaken climate change action and hit clean energy investment, researchers warn (only 10.87 years left)

CNBC ^ | 3/13/20 | Emma Newburger

[Libloather]

The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.

While the crisis has led to a temporary decline in global carbon dioxide emissions, experts are warning it poses a serious threat to long-term climate change action by compromising global investments in clean energy and weakening industry environmental goals to reduce emissions.

The International Energy Agency, or IEA, has warned the virus outbreak will likely undermine clean energy investment and is urging governments to offer economic stimulus packages that invest in clean energy technologies.

“If the lesson learned is, let’s get back to the status quo ante, then [the virus] probably will slow down the energy transition,” author and climate activist Bill McKibben told CNBC.

[Libloather]

“If the global economy crashes, emissions will drop short term as we produce fewer goods, but climate action will slow. Employment trumps environment in politics,” Jackson said. “If companies are hurting, they may delay or even cancel climate-friendly policies that require investments up front.”

You want the New Green Deal Scam? You got it.

Oh, and the flu didn't cause oil prices to drop. Emma should know that - but doesn't.

[Oscar in Batangas]

OMG OMG OMG

Does this mean we might drown in that 12 inch tidal wave a full 10.5 years after we all Die from the virus???

[txrefugee]

$33 oil would destroy “clean energy,” that could not compete with that bargain price.

[shanover]

Never let a crisis go to waste.

[dp0622]

10.87????

I’ve only got enough money left for 7!!

If I keep drinking it goes down to 3.

I’ll have to hope this virus does the trick

[chris37]

[gibsonguy]

CNBC -The last few has shown us they’re worthless rats trying to pass themselves off as a serious business news outlet

[DarthVader]

BFD!

[windsorknot]

Looks like he just got back from the grocery store.

[Rocky]

LOL!!!!

[rfp1234]

Boo Fricking Hoo.

[jetson]

Climate crisis? I think war is something of more immediate concern. Chinese EMP strike right now would not be good.

[Terry L Smith]

So what? If you survive the virus, just start over.
Otherwise truck it!

[madison10]

Good!

[gogeo]

There’s just no end to the death and destruction...

[cgbg]

If CV shuts up the climate change con artists, that is a strong item on the plus side of the ledger!

[mylife]

Aww Jeeze! It’s the perfect fraud!

[mylife]

:)

[ilgipper]

If heat kills he virus, sound like we need global warming to survive.

[DannyTN]

If everyone is staying home, oil isn’t being used.

We may not be transitioning to new energy. But we have 10.87 years + a couple of months thanks to Coronavirus.