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Cutting carbon emissions has become a central focus of countries and companies alike in the past decade. The oil majors are racing to ‘go green, Microsoft has pledged to go ‘carbon negative’, and over 20 nations have either committed to or achieved net-zero carbon targets. For public companies, the incentives to go green are clear, with a recent boom in ESG investing, the continued threat of activist divestment, and a growing body of government regulation. Meanwhile, for governments, the environment is becoming an increasingly important electoral issue and political parties are eager to be seen as being proactive on the issue. But just as the ESG investment boom has led to an increase in the phenomenon of ‘greenwashing’, countries who are eager to make grand statements about being carbon zero within a decade or two may be overselling exactly what it is that they are doing.

Climate change is, by its very nature, a global problem. With that in mind, it is possible for one country to reduce its carbon emissions to zero without any reduction in the level of carbon emitted worldwide. As long as that same country continues to trade and consume, the carbon-reliant products it needs will simply be imported from a nation without any limits on carbon emissions. To claim ‘real’ net-zero emissions, countries would have to go significantly further.

That isn’t to say that the net-zero initiatives are entirely without merit. Increasing renewable energy usage, building more energy-efficient homes, and electrifying transportation would all have a tangible effect on decreasing global carbon emissions. But, as economist Dieter Helm points out in his recent book, if an individual state wants to truly become a net-zero carbon emitter, then it would need to have a carbon tax at its border as well as reducing its production of carbon domestically.

…click on the above link to read the rest of the article…

Morgan Stanley: “Climate Will Be A Key Driver Of Asset Prices In The Months And Years Ahead”

November 10, 2019

Morgan Stanley: “Climate Will Be A Key Driver Of Asset Prices In The Months And Years Ahead”

“Sunday Start”, authored by Morgan Stanley equity strategist, Jessica Alsford

In three weeks, the world’s leaders will begin to gather in Madrid for the 25th United Nations Climate Change Conference. The intensity of the global climate strikes this year suggests that the proceedings will be scrutinized as never before. But the decisions made, or not made, will also have repercussions for global markets.

We’re transitioning towards a lower carbon economy, albeit at a slower pace than needed to stay within a two degrees Celsius climate scenario (2DS). For companies that can build offshore wind installations, develop electric vehicles and manufacture renewable diesels, we see potential for material earnings growth. In Decarbonisation: The Race to Net Zero, we estimated that more than US$50 trillion of capital will need to be deployed into renewables, EVs, hydrogen, biofuels and carbon capture and storage over the next 30 years, putting US$3-10 trillion of EBIT up for grabs.

Decarbonising electricity is the largest opportunity to reduce carbon emissions, with the power sector responsible for a quarter of global emissions. Strong renewables growth should be achievable given the significant improvements we’ve seen in solar and wind economics. But costs continue to constrain many other clean technologies, including battery storage, green hydrogen, CCS and biofuels.

If governments are serious about halting climate change, some form of stimulus will be needed.

Subsidies have already been key in industries like renewables. In the US, federal subsidies have helped to drive the transition to renewable energy, which rose from 14% of total power generation capacity in 2000 to 24% in 2018.

…click on the above link to read the rest of the article…

Rainforest on Fire

August 27, 2019

RAINFOREST ON FIRE

On the Front Lines of Bolsonaro’s War on the Amazon, Brazil’s Forest Communities Fight Against Climate Catastrophe

THE RIVER BASIN at the center of Latin America called the Amazon is roughly the size of Australia. Created at the beginning of the world by a smashing of tectonic plates, it was the cradle of inland seas and continental lakes. For the last several million years, it has been blanketed by a teeming tropical biome of 400 billion trees and vegetation so dense and heavy with water, it exhales a fifth of Earth’s oxygen, stores centuries of carbon, and deflects and consumes an unknown but significant amount of solar heat. Twenty percent of the world’s fresh water cycles through its rivers, plants, soils, and air. This moisture fuels and regulates multiple planet-scale systems, including the production of “rivers in the air” by evapotranspiration, a ceaseless churning flux in which the forest breathes its water into great hemispheric conveyer belts that carry it as far as the breadbaskets of Argentina and the American Midwest, where it is released as rain.

In the last half-century, about one-fifth of this forest, or some 300,000 square miles, has been cut and burned in Brazil, whose borders contain almost two-thirds of the Amazon basin. This is an area larger than Texas, the U.S. state that Brazil’s denuded lands most resemble, with their post-forest landscapes of silent sunbaked pasture, bean fields, and evangelical churches. This epochal deforestation — matched by harder to quantify but similar levels of forest degradation and fragmentation — has caused measurable disruptions to regional climates and rainfall. It has set loose so much stored carbon that it has negated the forest’s benefit as a carbon sink, the world’s largest after the oceans.

…click on the above link to read the rest of the article…

Gaia Exists! Here is the Proof

August 4, 2019

Gaia Exists! Here is the Proof

Gaia is neither benevolent nor merciful. She is harsh and ruthless.

Environmentalists are sometimes defined as “Gaia worshippers,” a term supposed to be an insult. That’s a little strange because most people on this planet openly worship non-existing entities and that doesn’t normally make them targets for insults. Maybe it is because there is an important difference, here: Gaia exists. Oh yes, she does exist!

Who or what is Gaia, exactly? The name belongs to an ancient Goddess but the modern version is something completely different. As you probably know, the term was proposed for the first time by James Lovelock in 1972 and co-developed with Lynn Margulis. As it happens for many innovative ideas, it was the result of a simple observation: if the Sun radiative intensity increases gradually over the eons, how come that the Earth’s surface temperature has remained within the boundaries necessary to keep the biosphere alive? There has to be something that keeps it like that and Lovelock proposed that the mechanism was based on regulating the concentration of greenhouse gases, mainly CO2.

So, Gaia is not supposed to be benevolent nor merciful, and not even a Goddess: we could say that She is what She is. But does She really really exist? Not everyone agrees on this point, the concept is often referred as the “Gaia hypothesis” and entire books have been written to demonstrate that there is no such a thing. Indeed, in the beginning, the idea was mostly qualitative and not proven. Lovelock proposed a clever model called “Daisyworld” that showed how a simple biosphere could control the temperature of a planet. But the Earth’s biosphere is not just made out of daisies and something more than that was needed. And, yes, over time proofs have accumulated to show that Gaia is much more than a qualitative hypothesis (or an object of worship by people believing in non-existing beings).

…click on the above link to read the rest of the article…

Household tissue is a climate issue

June 30, 2019

Household tissue is a climate issue

Trees are the source of much of our household tissue. And trees and soil store huge quantities of carbon to add to greenhouse gas totals.

LONDON, 27 June, 2019 − The household tissue you use to blow your nose could be adding to the problems of climate change.

A substantial portion of the tissue products we buy – toilet paper, paper towels and facial tissues – comes from boreal forests, the dense ring of trees which encircles much of the globe just below the Arctic Circle.

These forests – and the soils they stand in – contain vast amounts of carbon; when trees are felled and the land they are growing in is disturbed, carbon is released into the atmosphere, adding to the already dangerously high levels of climate-changing greenhouse gases.

A new report looking at tissue use in the US says Americans are voracious consumers of tissue products; they make up only 4% of the world’s population yet account for more than 20% of global tissue consumption.

The report, by the US-based environmental organisation, the Natural Resources Defense Council (NRDC), says much of the tissue in the US originates from trees in Canada’s boreal forests.

“The consequences for indigenous peoples, treasured wildlife and the global climate are devastating”

“This vast landscape of coniferous, birch and aspen trees contains some of the last of the world’s remaining intact forests, and is home to over 600 indigenous communities, as well as boreal caribou, pine marten and billions of songbirds”, says the NRDC.

It says that when boreal forests are degraded, their ability to absorb man-made greehouse gas emissions declines.

“In addition, the carbon that had been safely stored in the forests’ soil and vegetation is released into the atmosphere, dramatically undermining international efforts to reduce greenhouse gas emissions.”

…click on the above link to read the rest of the article…

Climate Change Mitigation: Is it a Good Idea to Sweep the Carbon Under the Carpet?

April 11, 2019

Climate Change Mitigation: Is it a Good Idea to Sweep the Carbon Under the Carpet?

Above: our paper recently published in Nature Energy. Our conclusion is that, in terms of energy returns, renewable energy in the form of solar or wind is much better than carbon capture and storage for mitigating of climate change. Sweeping the carbon underground is not a good idea.

We have a little problem: for more than thirty years, the climate scientists of the International Panel on Climate Change (IPCC) have been telling us that if we don’t stop emitting greenhouse gases into the atmosphere — mainly CO2 — we are in dire trouble. And we have done very little, nearly nothing. As predicted, we ARE in dire trouble.

There is some element showing that things may change: the polls indicate that more and more people are starting to understand the mess we are in and the action of the young Swedish activist Greta Thunberg is making waves in the memesphere. We may be awakening from a 30 years slumber to discover that we have to hurry up and do something. But what?

Not that we lack plans: every IPCC report released includes plans on what we could or should do to avoid the worse. We have to follow a steep trajectory of de-carbonization while, at the same time, maintaining a vital minimum supply of energy to society. But how to do that?

The most common idea floated in these discussions is to use Carbon Capture and Sequestration (CCS). It is straightforward: instead of releasing into the atmosphere the CO2 emitted by a power plant, you pump it underground, sequestering it in a porous reservoir, maybe one that, earlier on, had contained gas or petroleum.

…click on the above link to read the rest of the article…

David Holmgren: A Baby Boomers’ Apology

March 16, 2019

David Holmgren: A Baby Boomers’ Apology

Raphael **The miraculous draught of fishes** 1515

There are days, though all too scarce, when very nice surprises come my way. Case in point: yesterday I received a mail from David Holmgren after a long period of radio silence. Australia’s David is one of the fathers of permaculture, along with Bill Mollison, for those few who don’t know him. They first started writing about the concept in the 1970s and never stopped.

Dave calls himself “permaculture co-originator” these days. Hmm. Someone says: “one of the pioneers of modern ecological thinking”. That’s better. No doubt there. These guys taught many many thousands of people how to be self-sufficient. Permaculture is a simple but intricate approach to making sure that the life in your garden or backyard, and thereby your own life, moves towards balance.

My face to face history with David is limited, we spent some time together on two occasions only, I think, in 2012 a day at his home (farm) in Australia and in 2015 -a week- in Penguin, Tasmania at a permaculture conference where the Automatic Earth’s Nicole Foss was one of the key speakers along with Dave. Still, despite the limited time together I see him as a good and dear friend, simply because he’s such a kind and gracious and wise man.

In his mail, David asked if I would publish this article, which he originally posted on his own site just yesterday under the name “The Apology: From Baby Boomers To The Handicapped Generations”. I went for a shorter title (it’s just our format), but of course I will.

Dave has been an avid reader of the Automatic Earth for the past 11 years, we sort of keep his feet on the ground when they’re not planted and soaking in that same ground: “Reading TAE has helped me keep up to date..”

…click on the above link to read the rest of the article…

World may hit 56m year carbon level by 2159

February 26, 2019

World may hit 56m year carbon level by 2159

Next stop the Pole? Crocodiles were once common in Arctic waters. Image: By Balaji Malliswamy on Unsplash

Long ago the polar ice vanished and tropical animals swam the Arctic. Greenhouse gases could reach that 56m year carbon level again in 140 years.

LONDON, 26 February, 2019 – Humankind could be about to open the throttle on greenhouse gas emissions and revert to a 56m year carbon level – to a world with a global temperature marked by ice-free poles and crocodiles in the waters of the Arctic.

And it could happen by the year 2159 – just five human generations or 140 years from now.

By then, if humans go on burning ever-greater quantities of fossil fuels to underwrite ever-accelerating destruction of forests, wetlands and savannahs, they will have pumped into the atmosphere about as much carbon as accumulated during a geological period called the Palaeocene-Eocene Thermal Maximum (PETM), a dramatic global warming event that reached its peak 56 million years ago.

The long-ago warming event occurred naturally, and the build-up of carbon dioxide in the atmosphere happened over a timespan of between 3,000 and 20,000 years.

The present sprint from a cool to an uncomfortably warm state will have happened in fewer than 300 years, because greenhouse gases from coal, oil and natural gas fumes are building up in the atmosphere nine or 10 times faster than in the PETM, according to a new study in the American Geophysical Union journal Paleoceanography and Paleoclimatology.

“You and I won’t be here in 2159, but that’s only about four generations away,” said Philip Gingerich, of the University of Michigan and author of the new study. “When you start to think about your children and your grandchildren, and your great-grandchildren, you’re about there.”

…click on the above link to read the rest of the article…

Hothouse Earth

August 18, 2018

Hothouse Earth

An interesting new study: “Trajectories of the Earth System in the Anthropocene,” Will Steffen, Johan Rockström et al, Proceedings of the National Academy of Sciences (PNAS), Aug. 6, 2018 lays out the pathway for Earth entering a Hothouse Climate State.

“Our planet is still in danger of becoming a ‘Hothouse’ Earth despite our current efforts to manage global warming.”

Counter-intuitively, that sounds like a breath of fresh air, meaning, get the bad news out of the way ahead of time so people can brace for it, no surprises. Assuming the Hothouse Planet happens, certain areas would be uninhabitable as global temps crank up to 4C-to-5C beyond pre-industrial. The planet would be gnarled and unattractive, a nasty place to live, no more Goldilocks climate. And, all kinds of warfare would breakout as mobs vie for tillable land.

The article’s general thesis is that, as of today, the planet retains its Goldilocks “not too hot, not too cold” swagger because of a series of natural mechanisms that “maintain a balance,” for example, carbon sinks, like the ocean or like the Amazon Rain Forest keep the balance in place. In fact, the study identifies ten tipping elements that maintain a balance for the planet, any one of which, once out of whack, would cascade into all the others, bringing on the onset of a hothouse planet.

Assuming the world exceeds the 2C pre-industrial marker set by the Paris Agreement, the study envisions a dangerous out of control spiral downwards, as planetary mechanisms crash in domino fashion, resulting in a planetary climate hothouse. Maybe that’s what happened to Venus (865F, CO2 950,000 ppm) millennia ago.

According to the PNAS article, hothouse prevention is reducing carbon emissions ASAP with countries working together towards a common goal, including decarbonization, enhancement of carbon sinks, blah-blah-blah. Stop right there!

…click on the above link to read the rest of the article…

Making charcoal

August 14, 2018

Making charcoal

Growing up I knew charcoal as the square, chemical-soaked briquettes people bought in bags and poured into the barbecue grill once a summer. Like so much else in our lives it came from a store, wrapped in plastic and pre-treated for shelf life, with no sense that it shared a name with something amazingly useful, which hundreds of generations had made themselves.

Charcoal is simply wood that has been burned without oxygen, either by being heated but sealed away from oxygen or, more commonly, setting it on fire and then cutting it off from the air, keeping the wood from burning completely into ash. Most other substances in the wood are driven off, leaving a porous shape of almost pure carbon, lightweight and easy to transport.

It can purify water by soaking up impurities, as in many kitchen sink filters, and treat poison victims when crushed and drunk in a fluid. It allows people to burn fires hotter than wood, enabling people to smelt iron or shape glass in a way that wood fires cannot. It can be added to soap for abrasion, crushed to make ink or paint or mixed with minerals to make gunpowder.

Perhaps the most surprising use, one that gained a burst of attention in recent years, involves trapping carbon from the atmosphere. Frequent readers of this blog might have already heard of this and can feel free to skip ahead a few paragraphs – but for the unfamiliar, I will recap the basics.

Farmers in Brazil have long known about the “black earth,” or terra preta, found over vast areas of the Amazon. In the last decade or two archaeologists have begun to realise that the terra preta was not a naturally occurring phenomenon, but had been cultivated over centuries, if not millennia.

…click on the above link to read the rest of the article…

The National Forests Should be Off Limits to Logging

May 4, 2018

The National Forests Should be Off Limits to Logging

Photograph Jeff Gunn | CC BY 2.0

Logging, conducted ostensibly to “thin the forest,” “reduce fuels” or for so-called “restoration,” causes a net loss of carbon from forest ecosystems.

One of the best strategies for reducing CO2 levels is by protecting our forests. Yet few environmental groups, even those who focus on climate change, advocate for the reduction of logging on federal lands.

Indeed, there are economic studies that demonstrate that protecting all our federal forests from logging/thinning and subsequent carbon sequestration that occurs is far more valuable than any wood produced.

Another study concludes that thinning forests costs more than the wildfire suppression costs that “may” be avoided. Not to mention, that most thinned forests will not encounter a fire during the period they might be effective.

Wildfires are not a significant contributor to greenhouse gas emissions. Even in the largest blazes, only a very small percentage of carbon stored in forest stands is released into the atmosphere by fire.

Even the remaining burnt trees hold more carbon than thinned/logged forests. In a forest fire, what burns are the fine fuels like needles, cones and small branches. The actual tree trunks seldom burn. So even in a high-severity blaze, the bulk of the carbon is left on site, stored in the snags and roots. These carbon storage units last for decades. During that same period, regrowth of vegetation packs even more carbon on to the site.

By contrast, logging forests remove the carbon that would otherwise remain stored on site. In addition, research shows that 45-60 percent of the carbon stored in trees that are logged is released as CO2 emissions during processing into wood products.

Policies that are advocated in the latest Farm Bill and elsewhere to speed taxpayer-subsidized logging/thinning on public lands ignores the significant value of these lands for carbon storage.

…click on the above link to read the rest of the article…

Conflict Over the Future of the Planet

April 23, 2018

Conflict Over the Future of the Planet

On this Earth Day, it is difficult to look at the state of the planet and the current political leadership and see much hope. In “Junk Planet”, Robert Burrowes writes a comprehensive description of the degradation of the atmosphere, oceans, waterways, groundwater, and soil as well as the modern pollution of antibiotic waste, genetic engineering, nanowaste, space junk, military waste and nuclear, a description of a planet degraded by pollution impacting our bodies and health as well as the planet’s future.

Burrowes includes another form of waste, junk information, that denies reality, e.g. climate change, the dangers of extreme energy extraction and food polluted by genetic engineering, pesticides, and depleted soils. This false reporting results in policies that create a risk of ecosystem collapse.

Political and economic elites want people to believe these problems do not exist. Those in power seek to protect profits from dirty energy rather than transition to 100 percent clean energy. They seek to protect agribusiness food, pesticides, and genetically modified foods rather than transform food to organic, locally grown foods using regenerative agriculture. They deny the reality of environmental racism rather than correct decades of racism and provide reparations. They seek to put profits ahead of the health and necessities of people as well as ahead of protecting and restoring the planet.

Despite this, a growing portion of the public understands these realities and is taking action to challenge the system. People know, for example, as activist Steven Norris writes, that they should be concerned about the impact of carbon infrastructure on their communities and the planet.

…click on the above link to read the rest of the article…

Rampant Wildfires Will Affect Our Drinking Water

October 24, 2017

Rampant Wildfires Will Affect Our Drinking Water

In a world of bigger, hotter fires, it is time to think of forests as vital infrastructure, and to invest in preserving these resources for the future.

If you live in the northwestern half of the continent, as I do, there has been no escaping this year’s extraordinary wildfire season.

Tens of thousands of people have been forced to evacuate their homes. Tourists and hikers destined for national parks such as Glacier, Waterton, Yosemite and Mount Rainier have had to cancel plans or suffer through noxious smoke drifting in from fires, some hundreds of miles away. Hardly a day goes by when a public health official isn’t warning people to stay inside or reduce physical activity.

Once the smoke clears, a more enduring problem will emerge. Forests play a large role in regulating climate change and rainfall patterns over land. They also act as filters for water consumed by hundreds of millions of people.

But once trees catch fire, they unleash ash, sediments and various noxious chemicals. And heat from fires undermines soil stability. Then, when heavy rain falls, tainted water slides into rivers rather than seeping into underground aquifers. If it rains hard enough, flooding often follows, especially when there are no trees to take up what moisture is absorbed into the soil.

The inevitable overload of carbon and sediment coming from a big fire can interfere with a water treatment plant’s disinfection process, just like a dishwasher with a plugged drain. When that happens, carbon reacts with chlorine and produces undesirable chemical byproducts, including known and suspected carcinogens.

The science of wildfire hydrology has been around for some time. But most government agencies wouldn’t consider funding research into this field until the 2002 Hayman fire burned nearly 138,000 acres of forest in the Colorado Rockies, producing catastrophic results.

…click on the above link to read the rest of the article…

Heal the Planet for Profit

December 18, 2016

Heal the Planet for Profit

Parisians duck down to evade German sniper fire following Nazi surrender of Paris, 1945If you ever wondered what the odds are of mankind surviving, let alone ‘defeating’, climate change, look no further than the essay the Guardian published this week, written by Michael Bloomberg and Mark Carney. It proves beyond a moonlight shadow of a doubt that the odds are infinitesimally close to absolute zero (Kelvin, no Hobbes).

Yes, Bloomberg is the media tycoon and former mayor of New York (which he famously turned into a 100% clean and recyclable city). And since central bankers are as we all know without exception experts on climate change, as much as they are on full-contact crochet, it makes perfect sense that Bank of England governor Carney adds his two -trillion- cents.

Conveniently, you don’t even have to read the piece, the headline tells you all you need and then some: “How To Make A Profit From Defeating Climate Change” really nails it. The entire mindset on display in just a few words. If that’s what they went for, kudo’s are due.

These fine gents probably actually believe that this is perfectly in line with our knowledge of, say, human history, of evolution, of the laws of physics, and of -mass- psychology. All of which undoubtedly indicate to them that we can and will defeat the problems we have created -and still are-, literally with the same tools and ideas -money and profit- that we use to create them with. Nothing ever made more sense.

That these problems originated in the same relentless quest for profit that they now claim will help us get rid of them, is likely a step too far for them; must have been a class they missed. “We destroyed it for profit” apparently does not in their eyes contradict “we’ll fix it for profit too”. Not one bit. It does, though. It’s indeed the very core of what is going wrong.

…click on the above link to read the rest of the article…

The Boiling Pot

June 4, 2016

The Boiling Pot

On the surface, things appear normal. The status quo of life in America circa 2016 isn’t to everyone’s liking, but at least the system is still working after a fashion. The price of oil is going up a bit: that means the cost of driving is also creeping higher, but steeper prices provide a little welcome relief for an oil industry otherwise teetering on the brink of financial ruin. There are tiresomely long lines at airports, but that means people have the wherewithal to pay for plane tickets. Most people are disgusted with the presumptive U.S. presidential candidates, but at least the machine of electoral politics is still marginally functioning. The stock market is up, unemployment is down. We’re muddling through.

Or are we? Beneath the lid, a pot of trends is coming to a boil. If Carl Jung was right about the existence of a collective unconscious, it must be seething with nightmares right about now.

So far, 2016 is the hottest year in history. And not by just a smidgen: every single month so far has set a record. This handy little animation has been making the rounds of environmental websites in the last couple of weeks; it shows a climate system that is shooting off the rails.

Slow, linear change is giving way to self-reinforcing feedbacks and non-linear lurches. Last December (just 6 months ago), delegates to climate talks in Paris agreed to try to limit global warming to 1.5 degrees centigrade. Extend the temperature trend shown in that animation for just another few months and we may well be beyond that threshold. How long until we get to two degrees? Three?

Arctic sea ice this month is by far at the lowest extent ever recorded and temperatures in Siberia are rising four times faster than in the rest of the world, releasing enormous amounts of methane and carbon stored in permafrost.

…click on the above link to read the rest of the article…

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