Cameron Hepburn

30 October 2016

Energy companies warned against building new power stations – FT

Energy companies can keep building new coal and gas power stations for only one more year if the world is to avoid dangerous levels of global warming, Oxford university researchers have found. The startling finding dashes the widely-held assumption that climate change is a distant problem that today’s governments can safely leave to their successors.

It even shocked some of the Oxford academics who produced it. “I was surprised,” said economist Cameron Hepburn, co-author of a peer-reviewed paper on the findings to be published in the Applied Energy journal. “I think the general sense is that this is a problem, but not that it would have to be addressed next year,” he said. Read the whole article here: