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Year 4, Month 5, Day 16: Go Talk To Ownership
From The Economist:
Either governments are not serious about climate change or fossil-fuel firms are overvalued
MARKETS can misprice risk, as investors in subprime mortgages discovered in 2008. Several recent reports suggest that markets are now overlooking the risk of “unburnable carbon”. The share prices of oil, gas and coal companies depend in part on their reserves. The more fossil fuels a firm has underground, the more valuable its shares. But what if some of those reserves can never be dug up and burned?
If governments were determined to implement their climate policies, a lot of that carbon would have to be left in the ground, says Carbon Tracker, a non-profit organisation, and the Grantham Research Institute on Climate Change, part of the London School of Economics. Their analysis starts by estimating the amount of carbon dioxide that could be put into the atmosphere if global temperatures are not to rise by more than 2°C, the most that climate scientists deem prudent. The maximum, says the report, is about 1,000 gigatons (GTCO2) between now and 2050. The report calls this the world’s “carbon budget”.
It took a while to find the hook for this letter. May 4:
“Either governments are not serious about climate change or fossil-fuel firms are overvalued” reads the subhead on your May 4th article, “Unburnable Fuel.” But the two propositions are hardly mutually exclusive. It is obvious that the governments of the world’s developed nations are averse to the political risk-taking demanded by meaningful action on climate — and the staggering long-term costs of oil and coal demonstrate that the real price of these energy sources has been profoundly miscalculated.
Once disaster mitigation, public health impacts, and runaway global warming (not to mention the various expensive wars fought over oil) are considered, it is apparent that unburned fossil fuel reserves are only “assets” if a stockpile of unexploded nuclear bombs is likewise valued.
No, it’s far from an either/or proposition. Rather, it is precisely because fossil-fuel corporations are grotesquely overvalued that industrialized governments aren’t serious about addressing the climate crisis.
Warren Senders
environment Politics: automobiles corporate irresponsibility economics sustainability
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Year 4, Month 5, Day 13: See The U.S.A. In Your Chevrolet
Well, that’s a relief. The Detroit Free Press:
General Motors officially acknowledged today that implementing policies to prevent climate change is “good business.”
GM became the first automaker to sign the “Climate Declaration” pledge, which is promoted by nonprofit Ceres’ Business for Innovative Climate & Energy Policy (BICEP) coalition.
The decision to sign the pledge comes as GM has been pressuring the U.S. government to establish a national energy policy focused on promoting energy security with a diverse range of sources, including natural gas and renewables. The automaker sends no waste to landfills from 105 of plants, and is trying to boost that figure.
GM CEO Dan Akerson told the Fortune Green conference on Tuesday that “sustainability is woven into our global strategies.”
“It’s not a regional strategy; it’s a global strategy for us,” Akerson said, adding that it’s “pretty hard not to be convinced that something is going on in the world” with the climate.
I remain unconvinced. May 1:
While it’s good news that General Motors acknowledges the existence of climate change and the importance of a robust strategy for combating the greenhouse effect, this turnaround in corporate thinking won’t make much of an impact unless we address some of the root causes of the problem. Our national addiction to fossil fuels goes hand in hand with our consumer society; as long as we continue to believe that we can buy our way out of trouble, we will never be able to make the broader societal transformations necessary to provide happiness and prosperity for our descendants.
There are deeper questions that need asking. Can profit-fixated corporate systems function sustainably over the long term? Is an economy focused on consumption good for our species or our planet? Yes, preventing climate change is “good for business,” and allowing it to continue is “bad for business.” But is business good for us?
Warren Senders
environment Politics: economics extreme weather fossil fuels Republican obstructionism sustainability
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Year 4, Month 5, Day 11: Headless Body In Topless Bar
The Denver Post runs an AP story on the Human Interest angle:
MANTOLOKING, n.j. — The 9-year-old girl who got New Jersey’s tough-guy governor to shed a tear as he comforted her after her home was destroyed is bummed because she now lives far from her best friend and has nowhere to hang her One Direction posters.
A New Jersey woman whose home was overtaken by mold still cries when she drives through the area. A New York City man whose home burned can’t wait to build a new one.
Six months after Hurricane Sandy devastated the Jersey shore and New York City and pounded coastal areas of New England, the region is dealing with a slow and frustrating recovery.
Tens of thousands of people remain homeless. Housing, business, tourism and coastal protection remain major issues with the summer vacation — and hurricane — seasons almost here.
“Some families and some lives have come back together quickly and well, and some people are up and running almost as if nothing ever happened, and for them it’s been fine,” New York Gov. Andrew Cuomo said at a news conference Thursday. “Some people are still very much in the midst of recovery. You still have people in hotel rooms, you still have people doubled up, you still have people fighting with insurance companies, and for them it’s been terrible and horrendous.”
Getting your life destroyed has gotta suck big time. April 29:
People will still be reeling from the devastation of Superstorm Sandy for years to come. Losing a home, a business, or a cherished community to the impersonal forces of extreme weather can’t be healed with an insurance payment or a renovation plan. As we rebuild, let us recognize that as climate change intensifies, so too will the number of dislocated and traumatized individuals and families. The future will bring even more sad and disturbing stories as the consequences of our planetary greenhouse emergency make themselves felt, not just on our storm-battered coastlines, but in forests turned to tinder by invasive insect pests, in shrinking and algae-choked lakes, and in the drought-cracked farmlands whose yields once fed millions.
State and federal governments must develop and implement reality-based climate and energy policies, including initiatives to end our dependence on the fossil fuels that started the problem in the first place, infrastructure projects to mitigate the climate change that’s already inevitable, and, finally, humanitarian programs to ensure that those whose lives are shattered can again be part of a vibrant and generous civil society.
Warren Senders
environment Politics: agriculture denialists economics skiing sports sustainability
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Year 4, Month 5, Day 10: You Need A Hug
The Berkshire Eagle assesses climatic impact on the economy of Western Massachusetts:
By the end of the century, the Berkshire County economy — much like the global economy — may be forever altered by the effects of climate change. Some local economic changes have already begun in response to impacts expected from climate change in the coming decades.
Land-use planners and policy specialists in the insurance industry are preparing for changes likely to be brought on by warmer temperatures and more severe weather events. Local farmers and business owners are already looking to their future, many doubtful about the climate change concept, but still determined to build revenue streams that will withstand climate changes or compensate for weather-generated losses.
In one example of a specific local economic effect likely to result from climate change, Cameron Wake, associate professor with the Institute of Earth, Oceans and Space at the University of New Hampshire and a lead author of the Northeast Climate Impacts Assessment issued by the Union of Concerned Scientists, had a dire assessment of the local ski industry: “By the end of the century, the only ski areas that remain viable [in the Northeast] will be in the western mountains of Maine.”
It’s one of my favorite parts of the world. April 27:
The Berkshires aren’t alone in experiencing the accelerating impact of climate change, a real-world crisis that even the most vehement denialists cannot ignore much longer. Between dwindling snowpacks, multi-year droughts, unseasonal monsoons, and the arrival of invasive insect pests, this planetary phenomenon manifests itself at local and regional levels in ways that will bring significant economic, social and environmental effects. There may be temporary benefits for a few species here and there, a few communities poised to take advantage of short-term circumstances — but the future offered by our radically transforming climate is almost entirely bleak.
Are there positive aspects to this slo-mo disaster? Only that we humans may, at long last, fully grasp that our individual and collective behaviors have effects far distant in space and time. The lives of our descendants hinge on our recognition that the greenhouse effect renders political and cultural distinctions utterly and finally irrelevant.
Warren Senders
environment Politics: denialists economics idiots Republican obstructionism sustainability
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Year 4, Month 5, Day 2: Crips And Dips
The York County Journal-Tribune (ME) talks about Earth Day and climate change:
Climate change is the focus of Earth Day 2013, a movement that is now in its 43rd year, and it’s a timely theme for anyone who cares about the environment in which we live.
For years, this phenomenon was labeled as “global warming,” but it’s much more complex than just increased temperatures. It’s true that Earth’s average temperature has risen by 1.4°F over the past century, according to the Environmental Protection Agency, and it’s projected to rise another 2 to 11.5°F over the next 100 years.
It’s also well-documented by scientific evidence that human beings – particularly our burning of fossil fuels – are the main contributor to this, since greenhouse gas emissions trap heat in the atmosphere. Global warming, however, is only part of bigger picture of climate change. The extra heat, in turn, causes long-term changes in rainfall that lead to floods, droughts or intense rain; as well as more frequent and severe heat waves, according to the EPA. As well, the EPA notes that oceans are warming and ice caps melting, raising sea levels and changing the nature of the ocean in which so many creatures live.
It’s easy to laugh off “global warming” when you’re shivering in subzero temperatures during a Maine winter, but we have to keep in mind that it’s the big picture over many years, not the day-to-day temperatures, that reveal the warming trend. And this phenomenon is no laughing matter, as it will affect all of our lives through its impact on our health, agriculture, air and water quality, electrical power and transportation.
Political action is necessary to combat climate change, since the biggest problems cannot be addressed by individuals alone. It’s great for each of us to do our own part – by recycling, cleaning up litter on our beaches and parks, conserving energy, planting a tree, and limiting our contribution to pollution – but while those efforts certainly add up to make a difference, they’re small potatoes in the face of major contributors such as the coal burning power industries.
It’s no small task to convince political leaders around the world that we must take significant action to reduce our greenhouse gas emissions. The energy industries are powerful and have significant amounts of money to lobby for their cause rather than for the cause of the environment, which is why the world is so delayed in responding to this threat. As well, some politicians can’t even be convinced that climate change is happening, or believe it’s just the natural course of the environment, despite the solid evidence that it’s a man-made and dangerous phenomenon.
Just reinforcing their sentiments here; these are just ii-V-I licks I’ve strung together. April 20:
Meaningful responses to the threat of climate change have to happen in multiple ways, and on multiple levels. All of us have to be activists and educators — mobilizing our fellow citizens to put pressure on the political establishment, while making it clear to everyone that the science of global heating is absolutely unambiguous. On the individual level, we’ve got to change our lightbulbs and scrutinize our buying habits to eliminate waste — and on the national level, we’ve got to fight against the largest and most powerful corporate lobby in existence.
Major energy corporations are the biggest source of funding for many American politicians, a state of affairs that has hindered the formation of a robust national policy on climate change. Transforming the entrenched thinking of our leadership and the economic models that they exemplify is far more challenging than installing an energy-efficient water heater or composting our lawn clippings.
The coming century could be the saddest story ever told, the farewell of a species doomed by destructive ignorance and hubris. Or it could be the greatest story ever told — a tale of knowledge, conscience, cooperation and progress. The choice is ours.
Warren Senders
environment India Politics: corporate irresponsibility economics sustainability
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Year 4, Month 4, Day 29: Truth Alone Prevails?
The Hindu (India) lets us know that Bharat Mata is stepping up to the plate:
Stating that India had launched itself to double the renewable energy capacity to 55000 MW by 2017, Prime Minister, Manmohan Singh on Wednseday expressed serious concern over the “painfully slow” progress of climate change talks, Prime Minister Manmohan Singh on Wednesday lamented that the goal of stabilising global temperatures at acceptable levels was nowhere in sight.
Delivering the inaugural address at the Fourth Clean Energy Ministerial, Dr. Singh said India had drawn up plans to double its renewable energy capacity to 55,000 MW by 2017 as part initiatives to promote renewable energy use. “It is proposed to double the renewable energy capacity in our country from 25000 MW in 2012 to 55000 MW by the year 2017. This would include exploiting non-conventional energy sources such as solar, wind power and energy from biomass,” he added.
The Prime Minister said rich nations, who were responsible for a bulk of greenhouse gas emissions, were best placed to provide workable solutions to mitigate climate change. “The industrialised nations have high per capita incomes, which gives them the highest capacity to bear the burden. They are technically most advanced, and to that extent best placed to provide workable solutions not only for themselves but for the whole world. Unfortunately, progress in these negotiations is painfully slow. The goal of stabilising global temperatures at acceptable levels is nowhere in sight,” he remarked.
“In India, we have set ourselves a national target of increasing the efficiency of energy use to bring about a 20 to 25 per cent reduction in the energy intensity of our GDP by 2020. The 12th Plan envisaged an expanded role for clean energy, including hydro, solar and wind power. The cost of solar energy for example has nearly halved over the last two years, though it remains higher than the cost of fossil fuel based electricity. If the cost imposed by carbon emissions is taken into account, then solar energy is more cost effective, but it is still more expensive,” added.
Long way to go, but at least headed in the right direction. Sent April 17:
Doubling the role of renewables in India’s energy economy is a hugely important step which can serve both as an inspiration to developing nations and a prod of conscience to the industrialized West. For too long American politicians, deep in the thrall of fossil fuel corporations, have used China and India as excuses for their own failure to act on climate change, arguably the gravest threat humanity has faced in its long and troubled history.
However, Prime Minister Singh is in error when he states that even when carbon emissions are taken into account, solar energy is “still more expensive” than fossil fuels. When we consider the costs of spill and leak mitigation and cleanup, of the complex and problematic public health impacts of these energy sources, and of the grave economic impacts of global climate change, it becomes clear that sustainable energy sources are by far the better deal.
Warren Senders
Education environment Politics: careers economics sustainability
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Year 4, Month 4, Day 16: What About Appliance Repair?
The Bozeman Daily Chronicle (MT) describes an interlude of career counseling:
Climate change will affect much of the future, so young people might do well to turn the results into opportunity.
That was the message Nobel Laureate Steve Running gave to the more than 150 students and Bozeman residents that almost filled Reynolds Hall at Montana State University.
Running has lectured at MSU six or seven times in the past five years on climate change, so he said a better topic for this appearance would be how students can take advantage of the global change that is already occurring.
Running couldn’t help but reprise some of the work that he and other climate scientists continue to produce, showing how a continuing increase in the amount of atmospheric carbon dioxide corresponds with a warming climate and an increasing number of annual weather disasters.
High-school guidance counselors unite! April 3:
At first glance, the notion that global heating will open a plethora of new jobs seems fairly obvious. Whether it’s renewable energy technology, sustainable agriculture, the developing field of carbon sequestration, or a host of other vocations, there’s no doubt that a transformed climate will have impacts on employment everywhere throughout America and the world, which makes advice like that of climatologist Steve Running very important.
But there is a necessary caveat. A stable climate is the stage upon which our civilizational drama unfolds, and the notion that our economy will remain stable and absorb its consequences is just that: a notion. Far more likely in the years to come is the kind of systemic collapse which will render all our economic preconceptions outdated and irrelevant.
Young people of course need to consider their futures — but a metastasizing greenhouse effect is a planetary disaster, not a career opportunity.
Warren Senders
environment Politics: assholes economics Keystone XL Tar Sands
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Year 4, Month 4, Day 13: You Can’t Spell Exaggerations And Lies Without X and L
The Chicago Tribune runs an op-ed strongly advocating approval of the KXL. Because fuck the facts, bitches. It’s all about FREEDOM.
President Barack Obama has a big decision to make about this nation’s economic future. The call is an easy one, and it’s long overdue.
The president should approve the Keystone XL pipeline, which would link the rich oil sands in the Canadian province of Alberta to U.S. refineries and ports in the Gulf of Mexico. Last Friday evening, 17 Democrats joined all of the U.S. Senate’s Republicans in urging Obama to do just that. The 62-37 vote was nonbinding but signaled bipartisan frustration with the administration’s reluctance to approve the project.
The president is expected to make a decision by this summer. He rejected a Keystone plan a year ago, in the midst of his re-election campaign. That was applauded by some environmental groups and angered the Canadian government. But the most significant impact was this: It kept Americans from getting good-paying jobs.
They’re hardly even trying anymore.
Leaving aside the thousands of short-term construction jobs guaranteed to last exactly as long as it takes to build a segment of the Keystone XL pipeline, we can anticipate a hundred times that number in the long term. For example, the demand for toxic waste mitigation and cleanup experts will spike hugely along the pipeline’s route — not to mention the need for more oncologists, pharmacists, and medical support staff. And let’s not forget funeral directors!
Complex legal actions are guaranteed to proliferate, and no matter who “wins” a civil action against a Canada-based multinational corporation which inadvertently destroyed a region’s water supply, lawyers on both sides will profit hugely.
But the corporate consultants who wrote the State Department’s environmental impact statement say there’s nothing to worry about — a “fact” that’s probably a surprise to citizens of Arkansas and Utah whose communities have recently been devastated by pipeline leaks.
It is indeed an easy call to make.
Warren Senders
environment Politics: carbon tax corporate irresponsibility economics
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Year 4, Month 3, Day 30: A Ham Sandwich Is Better Than Eternal Happiness
The Kennebec Journal (ME) runs an AP story from March 11 on China’s introduction of a carbon tax:
Finally, a nation that is contributing heavily to climate change is taking a major step to reduce its emissions. Unfortunately, this global leadership is not coming from the United States. It’s coming from China.
China is the world’s largest emitter of greenhouse gases, so the news (reported by Xinhua, a state-owned media service) that it’s going to introduce a carbon tax is huge. The tax is unlikely to be on the scale that experts suggest would make a serious dent in climate change: In 2010, China’s ministry of finance suggested levying a carbon tax of 10 yuan ($1.60) per ton in 2012, to rise to 50 yuan ($8) per ton in 2020. Experts have suggested a tax of 500 yuan, or $80 per ton.
Still, even a small Chinese carbon tax would mean a dramatic step forward for the planet. And it’s a lot more than anything the United States has done.
China’s announcement also comes as a bit of a surprise. For years, China has been a strident opponent of coordinated international efforts to combat climate change — rivaled only by the United States in this opposition.
Yet China has much to lose from the steady encroachment of climate change, and it’s finally starting to acknowledge that fact.
AMERICA!!! March 18:
As Europe expands its investments in renewable energy and China embarks on a carbon-taxing scheme, whither American exceptionalism in the first decades of the twenty-first century? While our national output of greenhouse gases may have fallen behind that of India and China, America is still number one in pollution per capita — a dubious distinction that fits well with our capacity for generating trash.
For years, far too many US politicians have argued in favor of doing nothing about climate change, contending that it’s silly to address a runaway greenhouse effect, since China and India are contributing to the problem. Aside from the absurdity of claiming a world leadership position while abdicating the obligations that accompany it, one wonders what those same lawmakers will do now that this policy stance is undermined by events. China’s carbon tax may be a baby step, but at least it’s in the right direction.
Warren Senders
atheism Education environment Politics: denialists economics sustainability timescale
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Year 4, Month 2, Day 28: Right Now, Over Me…
The Loveland Reporter-Herald (CO) runs a thoughtful op-ed by a smart young man named Reid Maynard. He’s in high school:
Before opening our discussion, let us leave some baggage behind. Let us release prejudices regarding media misinformation, sensationalism and hypocritical vice presidents.
With minds unhindered, let us approach the table and discuss climate change. Much passionate argument emerges in this debate with logic and demagoguery on both sides, but it presents high stakes and sacrifices for all generations: adult, youth and child. Therefore, we must carefully consider the subject without the stain of bias.
The existence of climate change is no longer a debate. Simply observe modern evidence, such as the fact that nations now dispute maritime boundaries in the Arctic as shipping routes emerge where ice once reigned. Today, politicians and pundits argue about causes. Most researchers agree that human activity exacerbates this phenomenon, accelerating change beyond natural pace. Others dispute anthropogenic change and insist that mitigation creates unacceptable costs. Throw in lobbyists, profiteers and screaming extremists and we have painful gridlock.
I could have done without the dig at Al Gore. But rahne do, he’s a good kid. We need more like him. Feb 19:
When it comes to the long-term future of our species, we ignore the voices of the young at our peril. Even as the market-driven consumer economy encourages us to adopt the short-term mindset of immediate gratification, thoughtful young people cannot ignore the damage this is doing to the planet and the environment upon which all of us depend. They see, all too clearly, that a lifestyle based on continuous consumption will end by consuming us all; as Reid Maynard demonstrates in his op-ed column, they understand that there are no easy options.
And what of us, their parents and grandparents? If we are prepared to accept the facts of global heating — no matter how uncomfortable, disquieting, or inconvenient — then we can collaborate with our children in solving the problems of survival and prosperity in a transformed world. On the other hand, if we reject the science of climate change because it conflicts with our preconceptions and ideologies, we are no longer partners, but adversaries.
It’s up to us.
Warren Senders
