CERAWeek
In the first event of the CERAWeek by S&P Global energy conference in Houston Monday, Special Presidential Envoy for Climate John Kerry laid out ambitious climate goals. "We have to do enough in 2020 to 2030 to be able to achieve net-zero by 2050," Kerry said, referring to a goal for the world to reach zero carbon emissions by 2050. "In order to get that zero by 2050, that's a 45% reduction in emissions in eight years."
This governmental representative on energy and climate thinks we can change 45% of our energy sources in eight years.
Immediately following the last event of CERAWeek Friday, conference host and prolific climate writer Daniel Yergin appeared to pour cold water on the former secretary of state's plans.
"I think the word is transition, and transitions unfold over a long period of time," Yergin said in an interview with FOX Business when asked about the future of fossil fuels. "And the notion that you can get everything done in 28 years, and half of it done in eight years, you're forgetting that this is a $90 trillion world economy that gets 80% of its energy from hydrocarbons. It's not going to change overnight."
In fact, Yergin said, he investigated energy transitions in his book, "The New Map," and discovered "they unfold over a century."
Immediately following the last event of CERAWeek Friday, conference host and prolific climate writer Daniel Yergin appeared to pour cold water on the former secretary of state's plans.
"I think the word is transition, and transitions unfold over a long period of time," Yergin said in an interview with FOX Business when asked about the future of fossil fuels. "And the notion that you can get everything done in 28 years, and half of it done in eight years, you're forgetting that this is a $90 trillion world economy that gets 80% of its energy from hydrocarbons. It's not going to change overnight."
In fact, Yergin said, he investigated energy transitions in his book, "The New Map," and discovered "they unfold over a century."
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