July 20 Energy News
Science and Technology:
¶ The energy costs of operating the world’s largest oil fields can rise dramatically as extraction rates begin dropping, according to a study published in the journal Nature Climate Change. As extraction begins to ramp down, the net energy from the process can begin to fall rapidly, so that each unit of oil becomes more carbon intensive. [CleanTechnica]
¶ Global asset manager Schroders launched a Climate Progress Dashboard designed to provide investors “a unique insight” into the global progress towards limiting global warming to the 2°C target and the overall progress of the transition to a low-carbon global economy. It currently says we are on path for a 4°C rise in temperature. [CleanTechnica]
World:
¶ Eddie O’Connor’s Mainstream Renewable Power’s plans to develop a £2 billion ($2.59 billion) wind farm off the Scottish coast passed a significant legal milestone…
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