“Bringing down carbon emissions means retiring more fossil fuel-burning facilities than we build,” said Steven Davis, assistant professor of Earth system science at UCI and the study’s lead author. “But worldwide, we’ve built more coal-burning power plants in the past decade than in any previous decade, and closures of old plants aren’t keeping pace with this expansion.”
“We’ve been hiding what’s going on from ourselves: A high-carbon future is being locked in by the world’s capital investments,” said Socolow, professor emeritus of mechanical & aerospace engineering. “Current conventions for reporting data and presenting scenarios for future action need to give greater prominence to these investments. Such a rebalancing of attention will reveal the relentlessness of coal-based industrialization, long underway and showing no sign of abating.”
GR: This is bad. We need to decommission power plants faster than we build them. Much faster.