True to their history as the first company to apply seriously the ideas of scenario planning, oil major Shell has released two scenarios for the future development of energy markets. The two scenarios are:

“In the Scramble scenario, nations rush to secure energy resources for themselves, fearing that energy security is a zero-sum game, [...]

Global shipping traffic may generate nearly three times more carbon emissions than previously believed, according to a UN report seen by the UK Guardian.
“It calculates that annual emissions from the world’s merchant fleet have already reached 1.12bn tonnes of CO², or nearly 4.5% of all global emissions of the main greenhouse gas.
The report suggests that [...]

As mentioned earlier, British environmental campaigner and journalist, George Monbiot, has argued that producing sustainable biofuels without adding to net carbon emissions is not possible. He argues for a reduction in the world’s consumption of oil for transport, claiming that:
“All these convoluted solutions are designed to avoid a simpler one: reducing the [...]

The British Government does not have its own, independent assessment of the global supply of oil, according to an article by environmental campaigner, George Monbiot, in today’s UK Guardian. If correct, this is surely gross dereliction of a Government’s duty — to ensure adequate supplies of affordable energy, to anticipate possible future shortages or [...]

For those of our readers new to the European Emissions Trading Scheme (ETS), here’s a handy question-and-answer guide to the scheme.
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