Bad News and Good News (based in ignorance)
In a week where scientists think we’ve reached an unwelcome global tipping point, here’s something to make you think we should try harder.
OK, so this is embarrassing! I’ve been labouring under a rather large misunderstanding about global energy, the only partial salve being that almost everyone else is under the same misconception. The good news, for once, is that this is GOOD NEWS.
I’d assumed that if the world requires 100 million barrels of oil a day to run, then we need to replace all 100 million barrels worth of energy with renewables and nuclear energy, i.e. very low CO2 alternatives. This is completely wrong, and not by a small margin. The fundamental issue is that not all sources of energy are equal. We use most fossil fuels to burn to create heat, and this is used to drive our machines, cars, power stations, foundries, etc. The practical efficiency…





In everyday business operations, financial roles often become clearer when viewed through comparison. The question of what is the difference between finance and accounting helps illustrate how each function contributes differently. Finance focuses on planning, budgeting, and future investments. Accounting is centered on recording and organizing past transactions. This distinction creates a structured financial system. The College of Contract Management often highlights these differences in learning contexts. This improves overall clarity.