01/04/2019

'Woefully Dirty': Government Accused Over Australia's Failure To Cut Vehicle Emissions

The Guardian - 

Australia has not set efficiency standards, despite years of talking, in contrast to China, India, Japan, US and EU
The shipment of electric cars arrives in Australia in 2010. The government has been criticised for failing to introduce standards for vehicle efficiency and emissions. Photograph: William West/AFP/Getty Images 
Cuts to carbon emissions from vehicle efficiency standards have been left out of government projections for meeting Australia’s Paris climate commitments, indicating the policy has been shelved.
The office of the transport minister, Michael McCormack, said the government had not made a decision on “how or when” standards to cut carbon pollution from vehicles might be implemented.
After almost five years of submissionsa spokesman said the government “is not going to rush into a regulatory solution” with regards to vehicle emissions.
New data shows Australia’s emissions from transport are soaring and projected to be 82% higher in 2030 than they were in 1990.
Australia lags behind the rest of the world in setting vehicle efficiency standards, with most countries in the OECD adopting policies to reduce emissions and improve the efficiency of cars.
The ministerial forum on vehicle emissions was set up under the Turnbull government in 2015, and stakeholders are frustrated at the lack of progress.
Fact sheets produced by the government that set out how it intends to reach Australia’s emissions reduction targets under the Paris agreement suggest any policy on vehicle emissions standards has been abandoned.
In 2015, the government produced a graph indicating it expected to achieve cuts of about 100m tonnes between 2020 and 2030 through vehicle emissions standards.
The government’s latest climate package contains no mention of this, and projects only about 10m tonnes of abatement through an electric vehicle strategy, with no reference to vehicle emissions standards.
The Victorian government asked what progress had been made on vehicle standards at the December meeting of environment ministers, but its questions were dismissed, sources told Guardian Australia.
Environment groups and the automotive lobby have asked for clarity before the election.
The chief executive of the Australian Conservation Foundation, Kelly O’Shanassy, said it had hoped for more progress towards cleaning up the “woefully dirty” national car fleet.
“But 18 months of radio silence and the removal of proposed standards from pollution abatement estimates out to 2030 strongly suggests the government now has no intention of establishing them.”
In 2017, interest groups consulted as part of the ministerial forum were sent a model proposing a standard of 105g of carbon dioxide per kilometre for Australian light vehicles, phased in from 2020 to 2025.
The proposal would have brought Australia broadly into line with vehicle standards in the US and was forecast to deliver a net economic benefit of $13.9bn. But it faced opposition from the National party and the automotive lobby, and was painted as a carbon tax on cars.
The independent senator Tim Storer, who chaired a Senate inquiry into electric vehicles last year, said the lack of progress was “embarrassing”, given there was “clear evidence of cost benefit” in bringing in the standards.
Labor’s climate policy, due to be announced soon, is expected to point to a target of 105g of carbon dioxide per kilometre. The Greens have proposed vehicle emissions standards “that lead up to a complete ban on new internal combustion vehicles by 2030”.
The chief executive of the Australian Automobile Association, Michael Bradley, said the industry wanted both sides of politics to make their positions clear, but the AAA remained opposed to the 2017 model.
“We’re supportive of an emissions standard but we’re supportive of one that’s reflective of Australians’ vehicle preferences and our market,” Bradley said.
A spokesman for McCormack said the ministerial forum was exploring ways to encourage the uptake of electric and low emissions vehicles.
“The government has not made a decision on how or when noxious emission or fuel efficiency standards may be implemented,” he said.
“It is interested in developing a sensible framework that places savings for motorists and health benefits for the community front and centre while ensuring that the vehicles that Australians enjoy and love remain in the market.”
He added: “The government is not going to rush into a regulatory solution, especially where it has the potential to increase the up-front costs of motor vehicles for Australians”.
Much of the focus on Australia’s carbon emissions has been on the electricity sector. But climate scientists and environment groups have been calling for more attention to carbon pollution from other industries.
Transport accounts for 18% of Australia’s greenhouse gas emissions, making it the second largest source.
Modelling produced by climate scientist Bill Hare for the Australian Conservation Foundation shows emissions from transport are climbing fast and are projected to be 82% higher in 2030 than they were in 1990. Cars represent the largest source of transport emissions and have grown by 25% since 1990.
Nearly 80% of new light duty vehicles sold globally, including in China, Japan, India, UK, the US and the EU, are subject to emission or fuel economy standards, while Australia has failed to implement any policy.
“Australia is almost alone in not having any motor vehicle emissions standards for carbon dioxide and/or vehicle efficiency standards for litres per 100km,” Hare said.
“That means that vehicles in Australia are much more inefficient and more costly to run than in the US or Europe or Japan.”
Sarah Fumei, the project manager for ClimateWorks, said the federal government’s own estimates showed emissions from the transport sector would grow by a further 9% from 2018 to 2030.
She said introducing standards would be “a win-win policy” for the environment and motorists’ hip pockets.
“The Australian government should implement the strongest standard put forward in the 2016 Regulatory Impact Statement, which by 2030 would save motorists $500 a year on fuel and reduce emissions by 12m tonnes,” she said.
“Weaker standards will not achieve the same benefits.”

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Polar Warning: Even Antarctica’s Coldest Region Is Starting To Melt

Yale Environment 360 - 

East Antarctica is the coldest spot on earth, long thought to be untouched by warming. But now the glaciers and ice shelves in this frigid region are showing signs of melting, a development that portends dramatic rises in sea levels this century and beyond. 
Melting ice on the coast of Adélie Land in East Antarctica. REUTERS/Pauline Askin
No place on Earth is colder than East Antarctica. Home to the South Pole and making up two-thirds of the southernmost continent, the vast ice sheets of East Antarctica — formed over tens of millions of years — are nearly three miles thick in places. The temperature commonly hovers around -67 degrees Fahrenheit (-55 degrees Celsius); in 2010, some spots on East Antarctica’s polar plateau plunged to a record-breaking -144 degrees F.
Now, however, parts of the East Antarctic are melting.
Research into what’s happening in East Antarctica is still in its early stages. It’s hard to decipher what exactly is taking place on a gigantic continent of ice with just a few decades of satellite data and limited actual measurements of things like snowfall and ocean temperatures. But according to one controversial paper released earlier this year, East Antarctica is now, in fact, shrinking, and is already responsible for 20 percent of the continent’s ice loss.
For decades, researchers considered this portion of the continent to be stable. While warming sea and air temperatures have caused ice shelves and glaciers in the lower-altitude, warmer western regions of the Antarctic to melt and collapse, the larger, colder East had seemed an untouchable behemoth. If anything, climate change was expected to bring more snow to its interior, making its ice sheets grow in size.
The Antarctic contains about 90 percent of the planet’s ice, enough to raise global sea levels 200 feet.
But that picture is starting to change. Scientists are seeing worrying signs of ice loss in the East Antarctic. Glaciers are starting to move more quickly, dumping their ice into the Southern Ocean; in satellite images, depictions of the fast-moving ice light up in red, like a panic sign. The biggest and most obvious, the Totten Glacier, alone contains enough ice to raise global sea levels by 12.6 feet. “That’s the big red bullseye,” says Ted Scambos, a glaciologist at Colorado’s National Snow and Ice Data Center. The most recent data shows that Totten isn’t alone.
A melting East Antarctic is deeply worrying. The Antarctic as a whole contains about 90 percent of the planet’s ice — enough in theory to raise global sea levels an average of roughly 200 feet should it all melt. The eastern half is the big player in this game: it holds 10 times more ice than the West — enough, on its own, to raise sea levels by 170 feet. The full force of a melting Antarctic might not be felt for many thousands of years, but the continent could add a foot to sea level by 2100, says University of Massachusetts, Amherst geoscientist Robert DeConto, and possibly more than 3 feet by the mid-22nd century. Combined with melting mountain glaciers, the thawing Greenland Ice Sheet, and the expansion of water as it gets warmer, global sea levels could rise as much as 6 feet by the end of this century, swamping low-lying islands as well as large sections of coastline in places like Florida.
Annual ice loss in glaciers along the Wilkes Land coast in East Antarctica. The top four glaciers shown have lowered their surface height by about 9 feet since 2008. NASA Earth Observatory/Joshua Stevens
Concerns about eastern Antarctica are not that its interior plateau will soon start to melt — it’s still extremely cold and should remain so for a long while. But its edges, in contact with warming ocean waters, are another matter. As the region’s ice shelves — floating atop the Southern Ocean — erode, the vast glaciers behind them could rapidly accelerate their slide into the sea. This phenomenon occurred in 2002 when the Larsen B ice shelf famously collapsed off the Antarctic Peninsula. In the ensuing years, the glaciers behind the Larsen B, which had been held in place by the massive ice shelf, accelerated their slide to the sea by 5 to 8 times. Theoretically, if that happens continent-wide, points out Eric Rignot, a glaciologist at the University of California, Irvine, it would raise sea levels by 13 feet per century.
“You want to be scared by something?” says Rignot. “That’s the worst-case scenario. Antarctica can do that.”

The Antarctic is split into two unequal portions by the Transantarctic Mountains, a 2,200-mile-long range whose highest peaks are about half as tall as Mount Everest. The smaller area to the west, holding enough ice to raise sea levels by about 17 feet, has seen dramatic changes in recent decades. Today, satellites show huge glaciers moving rapidly toward the coast, with these wide rivers of ice sometimes moving several miles a year. “Since they’re maybe half-a-mile thick, that’s cubic miles of ice being pushed into the ocean: hundreds of billions of tons,” says Scambos. A recent review by nearly 100 polar scientists — known as the Ice Sheet Mass Balance Inter-comparison Exercise, or IMBIE — shows that from 2012 to 2017, the West Antarctic lost some 159 billion tons of ice annually, more than twice the rate of the early 2000s.
How climate change could jam the world's ocean circulation. Read more.
The main reason for the western half’s rapid ice loss is its topography. The bowl-shaped bedrock under its ice is mostly below sea level. As warming ocean waters lick away at the underside of the floating ice shelves, a runaway effect lifts more and more ice up and off the bedrock to where it can be melted from underneath. As the ice shelves melt and break away, the massive glaciers behind them start to flow into the sea.
At the same time, shifting wind patterns linked to climate change are driving the top layer of cold, fresh water around the Antarctic away from shore, and the bottom layer of warmer water is moving upward to take its place. While that water is still frigid, it is nevertheless warm enough to cause some serious melting in a place like Antarctica, says Scambos. “It’s 3 to 4 degrees Celsius above freezing,” he says. “That represents a tremendous amount of heat. Once that gets started, it acts as a pump to draw more warm water in.”
“Early satellite data showed something going on in East Antarctica, but I don’t think anyone took it seriously,” says one scientist.
The eastern half of the continent, by comparison, sits higher above sea level than its western cousin. The ice here is thicker and the air colder. For decades, researchers hardly bothered to look at it. “The satellite data very early on showed something going on in the East Antarctic, but I don’t think anyone took it seriously,” says Rignot. “Now that has changed.”
A few large basins in the East, including the Wilkes and Aurora sub-glacial basins, actually share the same sub-sea-bowl topography as the West. And although there are just a handful of glaciers here, their ice can be more than 6,500 feet thick. That’s a lot of vulnerable ice. “The majority of East Antarctica is in balance, and some might be gaining mass,” says Chris Stokes, a glaciologist at Durham University in England. “But it is often overlooked that just one or two of its basins hold nearly as much ice as the West Antarctic.”
The Totten Glacier — that big red bullseye in the satellite maps — is flowing faster today than in 2000. Catherine Walker at NASA’s Jet Propulsion Laboratory in California has seen rapid outflows not just at Totten, but also at four much smaller glaciers in a region known as Vincennes Bay. “They’re small glaciers,” she says, “but they’re changing fast.” In Rignot’s paper, Denman Glacier is reported to have sped up 16 percent since the 1970s. And Stokes is starting to pay close attention to the massive Cook Glacier, which lies above the Wilkes basin and lost half of its ice shelf in the 1970s.
“There aren’t many studies on Cook, but it’s one of the biggies,” says Stokes, with the potential to raise sea level by 5 feet. “That’s one we should be looking at in more detail.”
Warm ocean water has begun eating away at East Antarctica's Totten Glacier, with cracking in the ice and pockets of open water visible in satellite imagery taken in September 2013. NASA
Figuring out exactly what all this means for the East Antarctic’s ice balance — and, ultimately, for global sea level rise — isn’t easy. Is that portion of the continent gaining more from snowfall, or losing more from flowing glaciers? Answering that involves adding up some very tiny numbers over a huge area, which leads to big uncertainties. Satellites have to detect an annual snowfall of a few centimeters or less, for example, over the vast area of the continent; most of East Antarctica is a polar desert, receiving only small amounts of snow annually.
“For every centimeter that falls, that’s about 100 billion tons of mass,” says Scambos. “Getting that right when you’ve got almost no weather data is a real challenge for a model.” In addition, satellite altimetry has a tough time in areas that aren’t flat — like the coastline, where the most dramatic changes are happening. And there is still disagreement about how fast the bedrock beneath the East Antarctic is moving upward, which complicates calculations of ice mass from satellites that measure gravity.
In West Antarctica, says Rignot, “The changes are so big, even with a paintbrush and a stick you’d be able to measure that. In the East, you need long-term records — not one decade, several decades.” For these reasons and more, the IMBIE review (which Rignot helped with) was far less certain about East Antarctica than the West Antarctic. The review concluded that the East might have gained a few billion tons of ice per year, on average, since the early 1990s; and in the last few years it might have lost ice mass, perhaps as much as the rapidly warming Antarctic Peninsula (the closest part of Antarctica to South America.)
In the face of rapid change and limited data, it is challenging to predict what Antarctica will do in the future.
In January, Rignot and colleagues published a paper that looked back to 1979. Like the IMBIE study, they found an acceleration in ice loss over the continent as a whole: it went up six times over the four decades of their study. But, more strikingly, they could say that East Antarctica was a big player in that loss: from 2009 to 2017, they concluded, West Antarctica accounted for 63 percent of the continent’s ice loss, and East Antarctica accounted for 20 percent — more than the Antarctic Peninsula’s contribution of 17 percent.
That result is controversial. It used only one method, while the less-certain IMBIE review looked at 24 studies using a combination of 3 different methods. As Scambos sees it, Rignot’s result relies too heavily on one particular model of snowfall, which is on the low side. But other researchers say that Rignot’s numbers look right. “We have some unpublished data that would certainly be in agreement with that,” says Stokes. “We are thinking along the same lines, but we haven’t come up with a figure.”
In the face of rapid change and limited data, it is extremely challenging to predict what the Antarctic will do in the future. The models, says Rignot, “all have fundamental flaws. None of them are right.” Their resolution is coarse and they don’t include all the physics; plus they are lacking in critical input data. Very little is known, for example, about water temperatures and the seafloor shape off the coast of much of East Antarctica. That affects things like ocean currents and sea ice buildup, both of which affect glacier flow.
An iceberg (right) breaks off the Knox Coast in East Antarctica. TORSTEN BLACKWOOD/AFP/Getty Images
In 2016, the University of Massachusetts’ DeConto and colleague David Pollard added two important mechanisms to a model of Antarctic ice: the effect of hulking cliffs of vertical ice collapsing under their own weight, and the effect of melting surface waters trickling down through cracks to lubricate the flow of ice against rock. In their most recent model, DeConto and Pollard calculate that the Antarctic might contribute more than 3 feet to sea level rise by the middle of the next century. One recent paper, again with DeConto as co-author, estimates that by 2070, if greenhouse gas emissions remain unchecked and the world warms by 3.5 degrees Celsius (6.3 degrees F), the Antarctic will be contributing some 5 millimeters (.2 inches) to sea level rise a year — that’s more than 15 times its average contribution to sea level over the past 25 years.
For now, DeConto says, his models show that “the East Antarctic is stable for a few decades, but in the high emissions scenarios it starts to become a player in the late 21st century.” But, he adds, “If I went back and put [Rignot’s] numbers in…” He trails off, waving his hands at the potentially large, unknown increase that would cause.
Scambos is waiting to see what the next round of satellite data says before backing results like Rignot’s. Two next-generation satellites with improved resolution — ICESat-2 and GRACE-Follow-On — were both launched in 2018 to collect better altimetry and gravity data, respectively. Give them and other satellites about four to five years, says Scambos, and our view of the Antarctic’s present-day situation will be much clearer.
Contemplating the future of the ice-bound continent, Stokes uses this analogy: If the Antarctic were to walk into an emergency room clinic, West Antarctica would be the guy having a heart attack, and East Antarctica would be the drunk in the corner: The patient doesn’t seem to be in urgent trouble now, but that could change in an instant. “It’s tempting to ignore it,” says Stokes, “but you have to keep checking in.”

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Climate Change: Global Impacts 'Accelerating' - WMO

BBC - Matt McGrath

Tomwang112
The World Meteorological Organization (WMO) says that the physical and financial impacts of global warming are accelerating.
Record greenhouse gas levels are driving temperatures to "increasingly dangerous levels", it says.
Their report comes in the same week as the International Energy Agency (IEA) reported a surge in CO2 in 2018.
However, new data from the UK suggests Britain is bucking the trend with emissions down by 3%.
This year's State of the Climate report from the WMO is the 25th annual record of the climate.
When it first came out in 1993, carbon dioxide levels were at 357 parts per million (ppm) in the atmosphere. These have now risen to 405.5ppm and are expected to increase further.
This is having a significant impact on temperatures, with 2018 the fourth warmest year on record, almost 1C above what they were in the period between 1850-1900.
Hurricane Florence was one of 14 disasters causing over $1bn in damages. Getty Images
The years between 2015 and 2018 were the four warmest on that record, the study says.
"This report makes it very clear that the impacts of climate change are accelerating," said Prof Samantha Hepburn who is director of the Centre for Energy and Natural Resource Law at Deakin University in Australia.
"We know that if the current trajectory for greenhouse gas concentrations continues, temperatures may increase by 3 - 5 degrees C compared to pre-industrial levels by the end of the century and we have already reached 1 degree."
While some of these figures were published in a preliminary release of the study from last November, the full version has data on many key climate indicators, that the WMO says break new ground.
One example is ocean heat content. More than 90% of the energy trapped by greenhouse gases goes into the seas and according to the WMO, 2018 saw new records set for the amount of ocean heat content found in the upper 700 metres of the seas, and also for the upper 2,000 metres.
Sea levels also continued to increase with global mean sea level rising 3.7mm higher in 2018 than the previous year.
"This report highlights the increase in the rate of sea-level rise, and this is a real concern for those living in low-lying coastal areas, for both developed and developing countries," said Dr Sally Brown, a research fellow at the University of Southampton.
"We know that sea-level rise is a global problem that will not go away, and efforts need to be made to help those who are really vulnerable to adapt to sea-level rise or move to safer areas."

2018 Climate impacts
  • According to the report, most of the natural hazards that affected nearly 62 million people in 2018 were associated with extreme weather and climate events.
  • Some 35 million people were hit by floods.
  • Hurricane Florence and Hurricane Michael were just two of 14 "billion dollar disasters" in 2018 in the US.
  • Super Typhoon Mangkhut affected 2.4 million people in and killed 134, mainly in the Philippines.
  • More than 1,600 deaths were linked to heat waves and wildfires in Europe, Japan and US.
  • Kerala in India suffered the heaviest rainfall and worst flooding in nearly a century
The head of the WMO say that the signals of warming continue to be seen in events since the turn of the year.
"Extreme weather has continued in the early 2019, most recently with Tropical Cyclone Idai, which caused devastating floods and tragic loss of life in Mozambique, Zimbabwe and Malawi. It may turn out to be one of the deadliest weather-related disasters to hit the southern hemisphere," said WMO Secretary General Petteri Taalas.
"Idai made landfall over the city of Beira: a rapidly growing, low-lying city on a coastline vulnerable to storm surges and already facing the consequences of sea level rise. Idai's victims personify why we need the global agenda on sustainable development, climate change adaptation and disaster risk reduction," said Mr Taalas.
The report has been launched at a news conference in New York attended by the UN Secretary General Antonio Guterres.
Image caption Emissions from energy grew at a fast rate in 2018. Getty Images
"There is no longer any time for delay," he wrote in a foreword to the new study.
However earlier this week the International Energy Agency published worrying data, indicating that in 2018 carbon emissions were up 1.7%, as a result of the fastest growth in energy use in the last six years.
The UK government has also released emissions data about greenhouse gas emissions over the past year. The figures show that emissions across the UK have fallen by 3% over the last year, the equivalent the government says, of taking 5 million cars off the road.
Factors driving UK emissions down include the fact that coal was the source of just 5% of electricity in 2018.
The government now says that carbon emissions are at their lowest level since before the turn of the 20th century, when Queen Victoria was on the throne.

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31/03/2019

5 Surprising Ways Major Cities Are Going Green

World Economic Forum - Douglas Broom

Eco-innovations involving cockroaches and cow dung have the potential to clean up urban life.
Image: REUTERS/Thomas Suen
What do cow dung, cockroaches, wood pellets and empty plastic bottles have in common? It’s not a trick question. The answer is that they could help us save the planet.
When the Pakistan port city of Karachi had to shut down its public transport authority, the 14.9 million people who live there were left without a formal bus service. An informal network of brightly decorated but often overcrowded private buses struggles to keep people moving.
Karachi could soon have the world's first biomethane bus fleet.
Image: REUTERS/Caren Firouz
Now the UN-backed Green Climate Fund and the Asian Development Bank have stepped in to fund a 30km zero-emission bus network that will be safe and accessible to all. Buses will be powered by methane from cow dung, making it the world’s first biomethane hybrid bus fleet.
A new plant is being built outside the city to generate methane from dung which would otherwise find its way into the Arabian Sea. The $584 million project includes 25 new bus stations, secure pedestrian crossings, cycle lanes and segregated bus lanes to speed buses past Karachi’s notoriously slow traffic.

Cockroaches to the rescue
If the idea of cow dung makes you hold your nose, how about a billion cockroaches? That’s how many they have at a plant in Jinan, capital of eastern Shandong province, China and they are eating their way through 50 tonnes of food waste every day.
The city, in common with many others, produces more food waste than can be accomodated in local landfill. So the Shandong Qiaobin Agricultural Technology Co came up with the idea of feeding it to cockroaches, which can in turn be fed to pigs.
China bans the feeding of food waste to pigs to prevent transmission of African swine fever. By next year, the Shandong Qiaobin Agricultural Technology plans to have three more plants operating that will be capable of handling a third of the kitchen waste produced by Jinan’s 7 million people.
As well as a protein-rich food for pigs, cockroaches are also believed to provide a cure for oral and peptic ulcers and heal skin wounds and other conditions. In Sichuan, a company called Gooddoctor is rearing 6 billion cockroaches for medicinal use.

Pay with plastic
In China’s capital, Beijing, and Surabaya, Indonesia’s second largest city, you can buy your ticket for the bus or metro with a bag of recycling plastic.
In Surabaya, a two-hour bus ticket costs 10 plastic cups or up to five plastic bottles, depending on their size. Each bus can collect up to 250kg of plastic bottles a day, helping the city towards its target of eliminating plastic waste by next year.
Plastic is a big issue for Indonesia. A study in the journal Science named the country’s archipelago of a thousand islands as a major source of plastic in the world’s oceans, second only to China.
In Beijing, ticket machines in the city’s subway system now take plastic bottles as well as more conventional payment methods. Passengers receive a credit of between five and 15 cents for each bottle and can top up their fare with cash. China’s rivers are among the 10 major sources of plastic pollution. Eight of the 10 are in Asia.
Image: Statista

World’s first carbon neutral city
As nations take action to reduce waste and their environmental footprints, one of the greenest cities in the world is on the verge of becoming fully carbon neutral. Copenhagen plans to be carbon neutral - meaning it will produce no more carbon emissions than it can offset elsewhere - by 2025, a quarter of a century ahead of the targets set in the Paris climate agreement.
It helps that the city owns its electricity generation, which is mostly wind powered. A happy legacy of the last century is that most buildings in the city are on a district heating system, where heat is supplied to homes from a single neighbourhood plant, instead of by each household having its own system.
Virtually all of Copenhagen’s 600,000 residents own a bicycle, and the city has 375km of cycle lanes. But what happens if the wind fails to blow? The city-owned energy company HOFOR is converting a coal-fired plant to burn renewable wood pellets. They will still emit some carbon but the city expects to be 95% carbon neutral even if it has to fall back on pellet power.

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Fed Official: Climate Change Is An ‘International Market Failure’

Grist - 

U.S. Federal Reserve official: Global warming is an international market failure – “Climate-based risk could threaten the stability of the financial system as a whole”
Floodwaters surround office buildings on September 5, 2017 in Houston, more than a week after Hurricane Harvey hit Southern Texas. Justin Sullivan / Getty Images
Climate change was already worrying enough — now a report from the U.S. central bank cautions that rising temperatures and extreme storms could eventually trigger a financial collapse.
A Federal Reserve researcher warned in a report on Monday that “climate-based risk could threaten the stability of the financial system as a whole.”
But possible fixes — using the Fed’s buying power to green the economy — are currently against the law.
Glenn Rudebusch, the San Francisco Fed’s executive vice president for research, ranks climate change as one of the three “key forces transforming the economy,” along with an aging population and rapid advances in technology.
Climate change could soon hit the banking system “by storms, droughts, wildfires, and other extreme events” making it harder for businesses to repay loans.
Rudebusch warns that crops and inundated cities have already started to hurt the economy: “Economists view these losses as the result of a fundamental market failure: carbon fuel prices do not properly account for climate change costs,” he writes.
“Businesses and households that produce greenhouse gas emissions, say, by driving cars or generating electricity, do not pay for the losses and damage caused by that pollution.”
A hefty carbon tax alone wouldn’t be enough to fix the problem — what he calls an “intergenerational and international market failure.”
Since Congress has yet to take sufficient action, Rudebusch says that the Fed could, in theory, take matters into its own hands by encouraging a shift away from fossil fuels.
The problem is, the Fed’s only official job is to keep inflation tame and unemployment low. And its tools are limited to buying and selling government debt to tweak interest rates.
That means it can’t help companies make a shift to a low-carbon economy by, for instance, lending them money in the bond market.
By contrast, the European Central Bank has been buying “green” bonds since 2016. An ECB research note last July found that those purchases have helped boost the market for these kind of investments, helping spur environmental improvements.
Along with a report last week from the insurance industry saying that climate change could eventually make insurance unaffordable for most people, Rudebusch’s report is part of a growing body of evidence that climate change poses an existential threat to the world economy as it currently exists.
Last month, Fed chairman Jerome Powell told legislators that asking why the Fed doesn’t currently consider the risks of climate change was a “fair question.”

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Climate Change Denial Is Evil, Says Mary Robinson

The Guardian - 

Exclusive: chair of Elders group also says fossil fuel firms have lost their social licence
Mary Robinson: ‘I believe that climate change denial is not just ignorant, it is malign, it is evil.’
Photograph: Johnny Savage/The Guardian 
The denial of climate change is not just ignorant, but “malign and evil”, according to Mary Robinson, because it denies the human rights of the most vulnerable people on the planet.
The former UN high commissioner for human rights and special envoy for climate change also says fossil fuel companies have lost their social licence to explore for more coal, oil and gas and must switch to become part of the transition to clean energy.
Robinson will make the outspoken attack on Tuesday, in a speech to the Royal Botanical Gardens at Kew in London, which has awarded her the Kew International Medal for her “integral work on climate justice”.
She also told the Guardian she supports climate protests, including the school strikes for climate founded by “superstar” Greta Thunberg, and that “there is room for civil disobedience as a way of communicating, though we also need hope”.
Robinson is chair of the Elders, an independent group of global leaders founded by Nelson Mandela that works for human rights. She will say in her speech: “I believe that climate change denial is not just ignorant, it is malign, it is evil, and it amounts to an attempt to deny human rights to some of the most vulnerable people on the planet.”
“The evidence about the effects of climate change is incontrovertible, and the moral case for urgent action indisputable,” she will say.
“Climate change undermines the enjoyment of the full range of human rights – from the right to life, to food, to shelter and to health. It is an injustice that the people who have contributed least to the causes of the problem suffer the worst impacts of climate change.”
Robinson, a former president of the Republic of Ireland, told the Guardian her angry words were the result of seeing the impact on people’s lives. “In Africa, I saw the devastating impacts on poor farmers, villagers and communities when they could not predict when the rainy season was going to come.”
She also attacks big oil, gas and coal companies in her speech. She is expected to say: “We have entered a new reality where fossil fuel companies have lost their legitimacy and social licence to operate.” She says exploration for new reserves must end, given that most of existing reserves must be kept in the ground if global warming is to be tackled.
Robinson condemns the UK government for the £4.8bn support given by its export finance body for fossil fuels from 2010-16. “It stirs painful memories of past exploitative behaviour to see the UK and other rich, industrialised countries proclaim their good intentions and act in a progressive way at home, whilst effectively exporting their emissions to poorer foreign countries and leaving them to pay the price socially and environmentally.”
The US president, Donald Trump, is also criticised by Robinson for his “egregious act of climate irresponsibility” in withdrawing from the Paris climate agreement. “Bad leadership has consequences now that are really bad for the people in the poorest communities, including in the US,” she told the Guardian.
Robinson says as well as taking personal action – she has given up meat – people need to get angry with those who have more power and are not meeting their responsibilities, saying: “Just as the suffragettes needed to embrace militant tactics to win the fight for female emancipation, so today we need to be fiercely determined to challenge vested interests, especially in the fossil fuel sector.”
There have been several strong attacks on climate change denial in recent months, with critics saying that proposals in the US for a new national security council panel of climate change deniers are “Stalinist”.
In November, the New York Times columnist Paul Krugman said: “Smoking kills people, and tobacco companies that tried to confuse the public about that reality were being evil. But climate change isn’t just killing people; it may well kill civilisation. Trying to confuse the public about that is evil on a whole different level. Don’t some of these people have children?”
The BBC accepted in September it gets coverage of climate change “wrong too often” and told staff: “You do not need a ‘denier’ to balance the debate.”

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30/03/2019

The Young Minds Solving Climate Change

BBC - Chad Frischmann*

Factory billowing smoke. Credit: Getty Images
Global warming, and its effect on climate, is one the most pressing issues facing the world today. It is a metaproblem that exacerbates most other challenges that keep us up at night – from sea level rise or the loss of natural resources to increased conflict, poverty, and gender inequality.
Despite much already having been written on the urgency with which we must reduce greenhouse gas emissions, pull carbon out of the air, and redesign our social-environmental systems towards new ways of doing business, most decision makers, from individual consumers to world leaders, have been excruciatingly slow to take action.
What seems to be lacking is an understanding and consensus of real, workable technologies and practices to solve the crisis of growing concentrations of greenhouse gases in Earth’s atmosphere.
Younger generations, however, seem to be clued in to the reality that there are indeed climate solutions to this global problem.
"The climate crisis has already been solved. We already have all the facts and solutions. All we have to do is to wake up and change,” said Nobel Prize nominee Greta Thunberg in her 2018 TED talk.
Her bold, decisive, and informed rhetoric has inspired a global movement of school strikes for climate called #FridaysForFuture, orchestrated by students the worldwide. On 15 March 2019, 1.5 million young people and their allies hit the streets, striking in 2052 locations in 123 different countries.
The planet’s remaining forests will have to be protected, as they do vital work to soak up excess carbon.
While they are marching for a future they want, the endless debating over the different technologies needed to halt rising temperatures delay the necessary change. Climate solutions already exist and are scaling. There is no technology or economic barrier; rather, it is a lack of will and leadership to move farther and faster than the future of upcoming generations demand.
I lead a team of researchers from around the world, and together we map, model, and detail the world’s most impactful solutions to try and reverse global warming. Our research at Project Drawdown shows that there are better technologies and practices for electricity generation, transportation, buildings, industry, the food system, land use, and overconsumption. Climate solutions exist for nations, municipalities, businesses, investors, homeowners, so that consumers can shift towards a system that benefits all.
This is already happening across the globe through existing solutions that promote social justice, equity, and economic development, while restoring the planet’s natural carbon cycle. It is in younger generations that we will find the inspiration and courage for this change.
Adopting regenerative practices on current cropland, grassland and degraded land can restore soil health and fertility
Solutions abound, both scientifically proven and financially feasible. They are interventions that can shift the way the world does business. The global economy is based on extractive and exploitative growth models, spewing greenhouse gases into the atmosphere through fossil fuel combustion, land conversion, and excessive consumption of everything – but the economy does not need to be.
Instead, renewable energy options, such as solar photovoltaics, wind turbines, and geothermal plants, can produce clean, abundant access to electricity, which currently accounts for approximately 25% of global emissions. Along with enabling technologies like energy storage and grid flexibility, renewable energy systems can fully replace coal, oil, and gas-fired power plants.
A plethora of options are available to moving people and goods from Point A to Point B that reduce or avoid burning fossil fuels from the tailpipe. Hybrids or electric vehicles are a good choice for medium or longer distance travel, but biking, using public transport, or walking are better options for emissions and human health for most people’s daily lives.
As consumers, we have to take more responsibility about how our actions affect the planet – like how much our food travels, and how it is processed
By reducing food loss and waste and moving towards a healthy, plant-rich diet, all the extra emissions and energy associated with producing, processing, packaging, distributing, cooking, and decomposing of food left uneaten or overconsumed could be avoided, while also providing sustenance to populations in need. These are some of the most impactful decisions every individual can make every day to help solve the climate crisis
Rather than cutting down forests and degrading wetlands to supply our rapacious appetite for meat, timber, and energy, protecting ecosystems can safeguard, expand, and create new carbon sinks. Adopting regenerative practices on current cropland, grassland and degraded land can restore soil health and fertility, increase yield and provide the same abundance of materials without destroying the natural systems.
We do not need an economy based on exploiting fossil fuels; instead we can create a new economy that is based on restorative and regenerative growth
Taken together, implementing regenerative practices for agriculture and livestock management, adopting a plant-rich diet, and reducing food waste, could result in enough food being produced on current farmland to feed the world’s growing population, now until 2050 and beyond. Taking actions to change the food system from supply through demand can prevent the need to cut down forests for food production, with enough existing cropland to produce biomass to supply feedstocks for other materials such as bioplastics or alternative concrete.
Accomplishing all this, however, requires individuals to make different decisions every day on what is produced, purchased, and consumed. These decisions can be hard for some, but when the results help to solve global warming, food insecurity, human health, and deforestation, they become what might be called the solution ‘duh-factor’. With enough cascading benefits, or ‘win-win-win-wins’, implementing climate solutions simply become common sense.
Non-polluting forms of power like solar can replace those which burn fossil fuels – if the will is there to make the change.
The growth of these interventions needs to accelerate at a much faster rate. Young people know this, perhaps because it is the only future worth fighting for. Along with the world’s poor, women, and indigenous peoples, younger generations will disproportionately experience the worst effects of climate change if nothing is done; or too little is accomplished too late. Acting now is essential for everyone and everything on this planet; however, as a motivating principle, ensuring that future generations can live healthy, meaningful lives should be humanity’s highest priority.
Like Greta Thunberg, Lauren Howland is not waiting quietly for adults to figure it all out. A 23-year-old indigenous woman from the Jicarilla Apache Nation, Lauren is a co-founder of International Indigenous Youth Council (IIYC), which received the Robert F Kennedy Human Rights Award in 2018 for its continued work on environmental issues.
Older people who hold the reins of political, economic, and intellectual power today must listen to these voices of change
A voice for young indigenous peoples worldwide, Howland says: “Young people are more connected and in tune with each other and this planet than any other point in humanity's existence. We realise we are fighting to save humanity from literal extinction, and we need the policymakers of this planet to collectively realise this also. It is here, climate changed. We need climate policies enacted and enforced across the globe now, that include the solutions we are already implementing in our own local communities."
Other young people are jumping to into the solution space, actively working on potential game-changing innovations. Aäron Claeys, a self-taught young entrepreneur based in Antwerp, Belgium, works on developing nanotech solutions for sustainable materials with the aim of “reversing global warming, improving the health, energy efficiency and quality of life, while restoring the planet's biosphere”.
He and his team have already marketed products that can double the lifetime of textiles, leather, and footwear to the fashion industry, which may account for up to 10% of global greenhouse gases. He is now working on developing self-cleaning, air-purifying, and carbon-capturing building materials.
The recent climate strikes show how younger people are being galvanised over climate change.
The crisis we all are facing together is an opening to bring young people into the conversation. Creating the future we all want requires older and younger generations to work together for the change we need. Young people are hungry to take part. Older people who hold the reins of political, economic, and intellectual power today must listen to these voices of change, support new ideas and innovation, and rethink assumptions about the way the world works, because the world will not be ours forever. No discussion of our younger generations’ future should take place without them sitting at the same table.
“It is not enough to prepare youth to eventually assume the roles you [adults] currently hold. Youth are prepared to be impactful as we are right now. We need those above us to mentor us now, so that we don’t have to wait to have your jobs; so that when we are in your positions, we can be even more successful,” said Silas Swanson, a second-year student at Columbia University during a youth panel at the Omega Institute ‘Drawdown Learn’ event held last year in Rhinebeck, New York. Silas woke me up to this truth, and we have been in contact ever since.
Greta Thunberg launched a legion of young climate strike organisers around the world who are waking people up to the need for change
Every climate-motivated scientist, policymaker, engineer, architect, lawyer, city planner, investor, business person, activist, economist, environmentalist, thought leader, and every other interested professional should carve out time in their week to mentor at least one young person. Five would be better, and worth the effort.
Mentoring is not simply teaching in classrooms or offering advice during office hours. It is about committing to give to and learn from others; to do whatever one can to support, empower, and lift up others to achieve their fullest potential. It does not cost too much in time, and the potential rewards are incalculable.
Poorer people will bear a disproportionate burden of the worst effects of climate change, such as flooding.
Greta Thunberg launched a legion of young climate strike organisers around the world who are waking people up to the need for change. There are many other young unsung voices across the globe working to create the future they need. We older generations must look to youth for inspiration, motivation, and courage.
Rather than seeking the courage to “fight” climate change, we need to find the courage to see the common-sense solutions right in front of us. The youth of today can help us all find the way, and together we can create the future we want.

*Chad Frischmann is the vice-president and lead researcher of Project Drawdown, an organisation seeking to find ways the global community can help mitigate and reverse the effects of climate change. He is also a willing mentor, with two spots open.

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Lethal Heating is a citizens' initiative