So says Goldman Sachs. This will be due to oil companies inability to finance new exploration due to climate change concerns. Prices will be driven much higher as a result. That will dramatically impact the global economy, perhaps sparking a depression.
The main point for urban planners and landscape architects is that we must be transitioning now to the low energy world that is coming. We can no longer be complacent in the face of overwhelming evidence that the world will be utterly different by mid-century regardless of whether we voluntarily address climate change or not.
steve austin 