A review of recent public opinion polls reveals that the public, when asked only about climate change, will agree overall that it’s a serious problem that demands action. When asked to rank climate change against other concerns, however, it comes well down the list. The implication is that the public really isn’t worried about climate change. Certainly the high level of public support that would be needed to implement an aggressive and highly disruptive transition to low-carbon energy, such as that called for by the Paris Agreement, does not exist. The climate change lobby is in fact losing the public support battle.
As illustrated in the inset, politicians pay a lot more attention to the results of climate change opinion polls than they do to climate change science. And since politicians are responsible for setting climate change policy a review of what climate change polls tell them becomes important. In this post I review the results of climate change polls from four countries – the US, the UK, Canada and Australia – along with two global polls. We begin with the global polls.
The Pew global poll
This poll was conducted in 2015 by the Pew Research Center, and republished in April this year. Responses were received from 43,435 people in 40 countries. The three main questions posed and the responses to them are summarized below:
Q32. In your view, is global climate change a very serious problem, somewhat serious, not too serious or not a problem?
Majorities in all 40 nations polled say climate change is a serious problem, and a global median of 54% believe it is a very serious problem.
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Have investors lost interest in “clean energy”?
Before 2011 global investment in clean energy (wind, solar, biomass, biofuels etc.) grew rapidly. Then in and around 2011 many governments abandoned renewables subsidies in favor of capacity auctions, and growth in global clean energy investment ceased. Investment in North and South America has not increased since 2007 and in Asia it has not increased since 2015. Clean energy investment in Europe has been declining steadily since 2011, and investment in the UK and Germany is now approaching zero. The current level of investment (~$300 billion a year) is also too low to support a global transition to renewable electricity and to meet global emissions targets. The indications are that it will reach adequate levels only if lavish government subsidies are reinstated. The global renewable electricity transition may fail simply because of a lack of funding.
A year ago, using data from Bloomberg New Energy Finance (BNEF), I put up a post discussing global “clean energy” investment between 1Q 2005 and 2Q 2017. BNEF has now published a new report adding a year of data through 2Q 2018 along with some more detailed graphics. This post reproduces some of the more interesting ones, with an emphasis on Europe.
First we will deal with the question of the inadequacy of clean energy funding. According to the BP Statistical Review global electricity demand in 2017 was 621 TWh higher than in 2016, an increase of 2.5%. Table 1 shows how this added demand was filled:
*Wind, solar, geothermal, biomass, waste, biofuels etc.
To decarbonize the world’s electricity sector and to meet emissions targets enough renewable generation must be added each year a) to cover increased global demand and b) to replace a significant amount of fossil fuel generation. Table 1, however, shows that the 307 TWh of renewable generation added in 2017 was enough to fill only about half of the increase in global demand.
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