Breaking the Fossil Fuel Habit: Just Say No or Buy Shell?

We must end our dependence on Fossil Fuels. “There is no choice,” Claudia Romo Edelman says. But it is not as simple as just stopping, experts explain in this episode, produced in cooperation with the Alphaville blog of the Financial Times. Eighty percent of our energy today comes from Fossil Fuels, explains Izabella Kaminska, editor of Alphaville. If we just go cold turkey, or even transitioned too suddenly, the global economy would shudder. That, in turn, would push other important goals out of reach and cause worldwide disruption and potential political upheaval.  Claudia and co-host Edie Lush frame this challenge in terms of the Sustainable Development Goals: How do we achieve Goal 13, Climate Action, while also moving toward Goal 1, eradicating extreme poverty or Goal 8, decent work and economic growth? To find answers, they speak with experts who are working on the transition from fossil fuels.  Adam Matthews, Director of Ethics and Engagement for the Church of England Pensions Board, describes the Transition Pathway Initiative (https://www.transitionpathwayinitiative.org), which assesses corporations on how effectively they are moving away from Fossil Fuels. Investors like the Pensions Board can then increase their investment in companies that are part of the transition while withdrawing from those that are not, Matthews explained. For example, Royal Dutch Shell makes the list of recommended investments while ExxonMobil does not, Matthews said.  Izabella Kaminska shares an interview with the iconoclastic environmentalist, Michael Shellenberger, who says that Nuclear power will be an essential component of any plan that maintains adequate power supplies while reducing greenhouse gas emissions. Claudia says it is important to have open conversations with all options on the table. Facts and Actions are presented in this episode by the United Nations Development Programs Senior Climate Advisor, Cassie Flynn. The UNDP has just launched Mission1point5 (https://mission1point5.org/us), a mobile game that educates people about climate policy and provides a platform for them to vote on the solutions they want to see. Flynn said these results will be presented to world leaders later in 2020. Learn more about your ad choices. Visit megaphone.fm/adchoices