Climate change – The daily blog of behavioral and cognitive economics

CO2 emissions from new North Sea drilling sites would match 30 years’ worth from UK households

Potential new North Sea oil and gas fields with early stage licences from the UK would emit as much carbon dioxide as British households produce in three decades. The finding has led to calls to the government to reject demands from fossil fuel producers for the final permits needed to allow their operations to go ahead. Dozens of small potential sites, and several controversial large projects such as the Jackdaw and Rosebank fields, have received some form of licence, though they are not yet operational. If they all went aheadthe resulting emissions would have a global impact on the ability to stave off catastrophic levels of climate change, according to research by the campaigning group Uplift. ….[READ]