24/02/2020

Oil And Gas May Be A Far Bigger Climate Threat Than We Knew

New York Times

Emissions from human activity like the burning of fossil fuels may have been sharply underestimated. Credit...Gabriella Demczuk for The New York Times
Oil and gas production may be responsible for a far larger share of the soaring levels of methane, a powerful greenhouse gas, in the earth’s atmosphere than previously thought, new research has found.
The findings, published in the journal Nature, add urgency to efforts to rein in methane emissions from the fossil fuel industry, which routinely leaks or intentionally releases the gas into air.
“We’ve identified a gigantic discrepancy that shows the industry needs to, at the very least, improve their monitoring,” said Benjamin Hmiel, a researcher at the University of Rochester and the study’s lead author. “If these emissions are truly coming from oil, gas extraction, production use, the industry isn’t even reporting or seeing that right now.”
Atmospheric concentrations of methane have more than doubled from preindustrial times. A New York Times investigation into “super emitter” sites last year revealed vast quantities of methane being released from oil wells and other energy facilities instead of being captured.
The extent to which fossil fuel emissions, as opposed to natural sources, are responsible for the rising methane levels has long been a matter of scientific debate. Methane seeps from the ocean bed, for instance, and also spews from land formations called mud volcanoes.
To shed light on the mystery, researchers at Rochester’s Department of Earth and Environmental Studies examined ice cores from Greenland, as well as data from Antarctica stretching back to about 1750, before the industrial revolution.
They found that methane emissions from natural phenomena were far smaller than estimates used to calculate global emissions. That means fossil-fuel emissions from human activity — namely the production and burning of fossil fuels — were underestimated by 25 to 40 percent, the researchers said.
The scientists were helped in their analysis by different isotopes found in methane emissions from natural sources, compared to emissions from the production of fossil fuels. Isotopes are versions of an element that have very slight differences, allowing the researchers to differentiate between them.
They used a melting chamber with a set of high-power burners to melt more than 2,000 pounds of ice cores to extract and examine air samples from the past. “It looked like a little rocket ship,” said Vasilii Petrenko, a co-author of the Nature study and an associate professor at Rochester. “Think of a rocket engine, but except the flames pointing at the device.”
Robert Howarth, an earth system scientist at Cornell University who was not involved with the research, called it “a very important study.” He said it was consistent with recent research, like a study he published last year that estimated that North American gas production was responsible for about a third of the global increase in methane emissions over the past decade.
“Emissions from fossil sources are correspondingly larger than many have been estimating,” Dr. Howarth said. “I find it very convincing.”
A device used to extract ice cores, which were melted and studied by the researchers.
Credit...Benjamin Hmiel
Daniel J. Jacob, professor of atmospheric chemistry and environmental engineering at Harvard University, also described the findings as significant. Current estimates of methane from geological sources “were widely considered too high by atmospheric modelers such as myself,” he wrote in an email.
But he took issue with the suggestion that emissions from fossil fuel production were larger than previously estimated. Fossil fuel emissions are “based on fuel production rates, number of facilities, and direct measurements if available. The natural geological source is irrelevant for these estimates,” he said.
The disagreement reflects an overall discrepancy between what are called “bottom-up” measurements of emissions, those from individual oil and gas sites, as opposed to “top-down” calculations like the ones carried out by the Rochester researchers. “Bottom-up” measurements can be unreliable because of a lack of data from individual oil and gas sites. With “top-down” measurements, on the other hand, the exact source of emissions can be hard to pin down.
The findings come as oil and gas companies face increased pressure to rein in greenhouse gas emissions from their operations to address rising concerns about climate change.
Methane, the main component of natural gas, is of particular concern, because it can warm the planet more than 80 times as much as the same amount of carbon dioxide over a 20-year period. On top of fossil fuel production, livestock, landfills and other sources linked to human activity also emit methane.
Last week, the British oil giant BP set an ambitious climate change goal, saying it aimed to eliminate or offset by 2050 all planet-warming emissions from its oil and gas production, as well as emissions caused by the burning of the oil and gas it pumps from the ground. The company provided few details on how it would achieve that feat, however.
Adding to climate concerns, the Trump administration is moving forward with a plan that effectively eliminates requirements that oil companies install technology to detect and fix methane leaks from oil and gas facilities. By the Environmental Protection Agency’s own calculations, the rollback would increase methane emissions by 370,000 tons through 2025, enough to power more than a million homes for a year.
Dr. Petrenko, one of the Rochester study’s authors, said that the huge undertaking of studying giant ice cores meant the study relied on a small sampling of data. “These measurements are incredibly difficult. So getting more data to help confirm our results would be very valuable,” he said. “That means there’s quite a bit more research to be done.”

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Climate Change May Doom 1 In 3 Species Of Plants And Animals In The Next 50 Years



Take a moment to cherish your plants and appreciate the animals you see around you.
In 50 years, a third of them may no longer exist.
Using data from surveys that studied 538 animals, insects and plants from 581 sites across the globe, researchers John J. Wiens and Cristian Román-Palacios from the University of Arizona found that approximately one in three plant, insect and animal species could face extinction by 2070. However, things could be even worse if emissions continue to rise as rapidly as they have in recent decades.
In a worst-case scenario, that number could rise to over 55%.
Of the 538 species studied, 44% of them have already experienced an extinction in a particular local area. The researchers found that local extinction sites had larger and faster changes in the hottest yearly temperatures than those that did not.
While many species were able to tolerate a moderate increase in maximum temperatures, 50% of the species had local extinctions if maximum temperatures increased by more than 0.5 degrees Celsius. That number rose to 95% if temperatures increased by more than 2.9 degrees Celsius.
The researchers found that the key to predicting whether a population will go extinct is the maximum annual temperature, as opposed to the average yearly temperature. This is notable because average temperatures are typically used as markers in measuring climate change.
With January going in the record books as the warmest January in 141 years and statistical analysis done by NOAA scientists predicting 2020 to be one of the five warmest years on record, the researchers believe there will be more local extinctions across the globe. And with summer heat waves potentially becoming more dangerous in the coming decades, the potential for loss of life will likely only grow from here.
However, that number could drop if we make a collective effort to address climate change, they say.

If we stick with the Paris climate agreement
The Paris Agreement was signed in 2015 by ministers from 195 countries from around the globe.
It committed these countries to keep global warming below 2 degrees Celsius above pre-industrial levels and below 1.5 degrees, if possible.
The researchers found that achieving the Paris goals could be the difference between extinction and survival for many species.
"Based on our sample of 538 species, we projected a loss of 30% of the species under a more extreme warming scenario, but only about 16% if we stick to the Paris Agreement," Wiens told CNN. "So, think in 1 in 6 species, not 1 in 3."
The researchers believe that some species loss is inevitable at this point, no matter what we do to curb greenhouse gas emissions. However, it is still possible to protect biodiversity and prevent massive species loss.
"I think that we should focus on preserving forests and other habitats in tropical areas, and this is part of the Paris Agreement," Wiens said. "Preserving forests protects biodiversity and can help reduce or even reverse global warming. It's a win-win."

If we don't stick with the Paris climate agreement
The Paris Agreement is an international pact aimed at curbing global emissions of heat-trapping gases.
Unfortunately, studies have shown that so far, many countries are failing to meet the emissions cuts they set to limit climate change.
Making matters worse, President Trump formally notified the United Nations that the U.S. would be pulling out of the Paris climate agreement in November. While it will take a full year for the U.S. to withdraw, losing the world's second-largest contributor of greenhouse gas emissions makes it more difficult to reach the agreement's goals.
"Some researchers have estimated that two-thirds of all species of plants and animals could be lost due to tropical deforestation alone," Wiens said. "If you combine that with climate change (which can impact species in protected forests and other reserves), then it really is terrible. Even from our data alone, there are extreme warming scenarios where 55% of the species would be lost from intact habitats. And note that deforestation also increases global warming. It is a double whammy against biodiversity."
Species that are in tropical regions are two to four times likelier to face extinction than those in temperate regions.
"This is a big problem, because the majority of plant and animal species occur in the tropics," Román-Palacios said.
Many species have migrated to cooler habitats to escape the warming temperatures, but the researchers found that most will not be able to disperse quickly enough to avoid extinction.
"In a way, it's a 'choose your own adventure,'" Wiens said. "If we stick to the Paris Agreement to combat climate change, we may lose fewer than two out of every 10 plant and animal species on Earth by 2070. But if humans cause larger temperature increases, we could lose more than a third or even half of all animal and plant species, based on our results."

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JP Morgan Economists Warn Climate Crisis Is Threat To Human Race

The Guardian |

Leaked report for world’s major fossil fuel financier says Earth is on unsustainable trajectory
The JP Morgan paper said ‘catastrophic outcomes’ could not be ruled out. Photograph: Dimitar Dilkoff/AFP via Getty Images
The world’s largest financier of fossil fuels has warned clients that the climate crisis threatens the survival of humanity and that the planet is on an unsustainable trajectory, according to a leaked document.
The JP Morgan report on the economic risks of human-caused global heating said climate policy had to change or else the world faced irreversible consequences.
The study implicitly condemns the US bank’s own investment strategy and highlights growing concerns among major Wall Street institutions about the financial and reputational risks of continued funding of carbon-intensive industries, such as oil and gas.
JP Morgan has provided $75bn (£61bn) in financial services to the companies most aggressively expanding in sectors such as fracking and Arctic oil and gas exploration since the Paris agreement, according to analysis compiled for the Guardian last year.
Its report was obtained by Rupert Read, an Extinction Rebellion spokesperson and philosophy academic at the University of East Anglia, and has been seen by the Guardian.
The research by JP Morgan economists David Mackie and Jessica Murray says the climate crisis will impact the world economy, human health, water stress, migration and the survival of other species on Earth.
“We cannot rule out catastrophic outcomes where human life as we know it is threatened,” notes the paper, which is dated 14 January.
Drawing on extensive academic literature and forecasts by the International Monetary Fund and the UN Intergovernmental Panel on Climate Change (IPCC), the paper notes that global heating is on course to hit 3.5C above pre-industrial levels by the end of the century. It says most estimates of the likely economic and health costs are far too small because they fail to account for the loss of wealth, the discount rate and the possibility of increased natural disasters.
The authors say policymakers need to change direction because a business-as-usual climate policy “would likely push the earth to a place that we haven’t seen for many millions of years”, with outcomes that might be impossible to reverse.
“Although precise predictions are not possible, it is clear that the Earth is on an unsustainable trajectory. Something will have to change at some point if the human race is going to survive.”
The investment bank says climate change “reflects a global market failure in the sense that producers and consumers of CO2 emissions do not pay for the climate damage that results.” To reverse this, it highlights the need for a global carbon tax but cautions that it is “not going to happen anytime soon” because of concerns about jobs and competitiveness.
The authors say it is “likely the [climate] situation will continue to deteriorate, possibly more so than in any of the IPCC’s scenarios”.
Without naming any organisation, the authors say changes are occurring at the micro level, involving shifts in behaviour by individuals, companies and investors, but this is unlikely to be enough without the involvement of the fiscal and financial authorities.
Last year, analysis compiled for the Guardian by Rainforest Action Network, a US-based environmental organisation, found JP Morgan was one of 33 powerful financial institutions to have provided an estimated total of $1.9tn (£1.47tn) to the fossil fuel sector between 2016 and 2018.
A JP Morgan spokesperson told the BBC the research team was “wholly independent from the company as a whole, and not a commentary on it”, but declined to comment further. The metadata on the pdf of the report obtained by Read said the document was created on 13 January and that the author of the file was Gabriel de Kock, executive director of JP Morgan. The Guardian has approached the investment bank for comment.
Pressure from student strikers, activist shareholders and divestment campaigners has prompted several major institutions to claim they will make the climate more of a priority. The business model of fossil fuel companies is also weakening as wind and solar become more competitive. Earlier this month, the influential merchant bank Goldman Sachs downgraded ExxonMobil from a “neutral” to a “sell” position. In January, BlackRock – the world’s biggest asset manager – said it would lower its exposure to fossil fuels ahead of a “significant reallocation of capital”.
Environmental groups remain wary because huge sums are invested in petrochemical firms, but some veteran financial analysts say the tide is changing. The CNBC money pundit Jim Cramer shocked many in his field when he declared: “I’m done with fossil fuels. They’re done. They’re just done.” Describing how a new generation of pension fund managers was withdrawing support, he claimed oil and gas firms were in the death knell phase. “The world has turned on them. It’s actually happening kind of quickly. You’re seeing divestiture by a lot of different funds. It’s going to be a parade that says, ‘Look, these are tobacco. And we’re not going to own them,’” he said. “We’re in a new world.”

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