The Paris agreement on climate change has been ratified, earlier than most people expected. Some believes that means the issue is on its way to being resolved. That is absolutely not the case.
Donald Trump’s election as president is a major setback because it removes any sense of American leadership on the issue. But that is not the only cause for concern. The inconvenient truth is that the use of coal in growing emerging economies continues to outpace anything being achieved elsewhere. The global energy market is changing; oil demand is coming to a peak and renewables are getting cheaper. But that, however important, is as yet having no more than a minor effect on the climate issue. We have to be realistic and prepare accordingly. Read more