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More Evidence We’ve Reached a “Peak Water” Tipping Point in California

More Evidence We’ve Reached a “Peak Water” Tipping Point in California

March in Yosemite, four years running (source; click to enlarge)

It may be a see-saw course, but it’s riding an uphill train.

A bit ago I wrote, regarding climate and tipping points:

The concept of “tipping point” — a change beyond which there’s no turning back — comes up a lot in climate discussions. An obvious tipping point involves polar ice. If the earth keeps warming — both in the atmosphere and in the ocean — at some point a full and permanent melt of Arctic and Antarctic ice is inevitable. Permanent ice first started forming in the Antarctic about 35 million years ago, thanks to global cooling which crossed a tipping point for ice formation. That’s not very long ago. During the 200 million years before that, the earth was too warm for permanent ice to form, at least as far as we know.

We’re now going the other direction, rewarming the earth, and permanent ice is increasingly disappearing, as you’d expect. At some point, permanent ice will be gone. At some point before that, its loss will be inevitable. Like the passengers in the car above, its end may not have come — yet — but there’s no turning back….

I think the American Southwest is beyond a tipping point for available fresh water. I’ve written several times — for example, here — that California and the Southwest have passed “peak water,” that the most water available to the region is what’s available now. We can mitigate the severity of decline in supply (i.e., arrest the decline at a less-bad place by arresting its cause), and we can adapt to whatever consequences can’t be mitigated.

But we can no longer go back to plentiful fresh water from the Colorado River watershed. That day is gone, and in fact, I suspect most in the region know it, even though it’s not yet reflected in real estate prices.

– See more at: http://downwithtyranny.blogspot.co.uk/2015/10/more-evidence-weve-reached-peak-water.html#sthash.Ou6zIx2b.dpuf

 

“It’s A Tipping Point” Marc Faber Warns “There Are No Safe Assets Anymore”

“It’s A Tipping Point” Marc Faber Warns “There Are No Safe Assets Anymore”

Markets have “reached some kind of a tipping point,” warns Marc Faber in this brief Bloomberg TV interview. Simply put, he explains, “because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks – there is no safe asset anymore.” The purchasing power of money is going down, and Faber “would rather focus on precious metals because they do not depend on the industrial demand as much as base metals or industrial commodities,” as it’s now “obvious that the Chinese economy is growing at nowhere near what the Ministry of Truth is publishing.”

Faber explains more… “I have to laugh when someone like you tries to lecture me what creates prosperity”

Some key exceprts…

On what central banks hath wrought…

I think that because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks there is no safe asset anymore. When I grew up in the ’50s it was safe to put your money in the bank on deposit. The yields were low, but it was safe.

But nowadays, you don’t know what will happen next in terms of purchasing power of money. What we know is that it’s going down.

On the idiocy of QE…

In my humble book of economics, wealth is being created through, essentially, a mixture of capital spending, and land and labor. And if these three production factors are used efficiently, it then creates a prosperous society, as America became prosperous from its humble beginnings in 1800, or thereabout, to the 1960s, ’70s. But it’s ludicrous to believe that you will create prosperity in a system by printing money. That is economic sophism at its best.

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

 

After the encyclical, lessons for climate activism?

After the encyclical, lessons for climate activism?

Note: This blog is based on and extends a short presentation at aLighter Footprints climate action group monthly meeting in Melbourne on 24 June.

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When I first heard early this year about the forthcoming papal encyclical on nature and climate change, my first reaction was that this could be one of the biggest moments so far in climate politics but, like many scientific “tipping points”, that can only be judged well after the fact. That Pope Francis will be addressing the UN General Assembly and the US Congress on consecutive days in September 2015, the drawing of his title from Francis of Assisi (patron saint of nature), and his training as a chemist all suggest that this issue is a core concern and his advocacy is far from over.

Laudato si, on the care of our common home was issued on 18 June and described by an editorial inThe Guardian as “the most astonishing and perhaps the most ambitious papal document of the past 100 years…[it] sets out a programme for change that is rooted in human needs but it makes the radical claim that these needs are not primarily greedy and selfish ones”.  Some key points:

  • It is addressed to everyone, to “every person living on this planet”, and not just to Catholics: “Whether believers or not, we are agreed today that the earth is essentially a shared inheritance, whose fruits are meant to benefit everyone.”
  • Nature is not separate from us: “When we speak of the ‘environment’, what we really mean is a relationship existing between nature and the society which lives in it. Nature cannot be regarded as something separate from ourselves or as a mere setting in which we live. We are part of nature…”…click on the above link to read the rest of the article…

 

 

The coming “tipping point” of the climate perception: enough to solve the problem?

The coming “tipping point” of the climate perception: enough to solve the problem?

Recognizing the existence of world scale problems takes time. For instance, the above Google “Ngram” search show that world hunger was not recognized as a serious problem until relatively recent times. However, starting in the 1960s, considerable efforts were dedicated to increasing agricultural yields (the “Green Revolution”), with a certain degree of success. But was the problem really solved? Or was it only postponed – or even worsened – as a result of agriculture becoming totally dependent on fossil fuels? Something similar may happen in the future for the problem of climate change; it may be recognized, at last, but that doesn’t mean it will be solved. 

Apart from a small number of diehard deniers, most people are perfectly aware that we have a serious problem with climate change. The public is just confused by a bombardment of contradictory statements pushed in the media, but probably that all what is needed to change the terms of the debate is just a push in the right direction. The pope’s encyclic on climate – expected for this week – could do just that, reaching a “tipping point” in the general perception of the problem.After the tipping point, a consensus may be reached that the idea that climate change doesn’t exist or is not caused by human activity is not just wrong, but positively dangerous for society. Something comparable to such ideas as – say – that there is really no evidence that smoking causes cancers, that wearing a seat belt while riding a car is useless, and that crack is no more dangerous than coffee as a recreational drug.

Of course, we can’t be sure that the pope’s encyclic will have this effect; but, suppose it does, then what can we expect to happen? Optimistically, we could think that most of the work is done and that, from then on, something serious and effective will be done to stop global warming. Unfortunately, things will not be so easy.

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

 

 

“We Reached The Tipping Point”: Income Inequality Is Highest Since Records Began

“We Reached The Tipping Point”: Income Inequality Is Highest Since Records Began

While soaring stock prices do nothing to boost the economy, because as 7 years of hard facts have shown, the only thing “trickle down” QE has done is forced economists to jump the shark and demand not one but two seasonal adjustments to goal seek collapsing economic data, the S&P hitting new all time highs on a daily basis has certainly succeeded in one thing: pushing inequality around the globe, and especially in the US, to new record highs.

And earlier today the latest OECD report confirmed just that, when it reported that gap between the rich and poor in most of the world’s advanced economies is at record levels.

In most of the 34 countries in the Organisation for Economic Cooperation and Development the income gap is at its highest level in three decades, with the richest 10 percent of the population earning 9.6 times the income of the poorest 10 percent.

In the 1980s this ratio stood at 7 to 1, the OECD said in a report.

The wealth gap is even larger, with the top 1 percent owning 18 percent and the 40 percent only 3 percent of household wealth in 2012.

“We have reached a tipping point. Inequality in OECD countries is at its highest since records began,” said OECD Secretary-General Angel Gurria.

Keep in mind this only looks at earnings, which have actually slowed down in recent years, and ignores the massive imbalance in accumulated assets: assets which almost exclusively are controlled by the top 10%. As for the bottom 10%, 50% and even 90%? Well they have “liabilities.”

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

 

 

It’s time to ‘Do the math’ again

It’s time to ‘Do the math’ again

Have we gone mad? A new reportreleased today explains why contemporary climate change policy-making should be characterised as increasingly delusional.

As the deadline approaches for submissions to the Australian government’s climate targets process, there is a flurry of submissions and reports from advocacy groups and theClimate Change Authority.

Most of these reports are based on the twin propositions that two degrees Celsius (2°C) of global warming is an appropriate policy target, and that there is a significant carbon budget and an amount of “burnable carbon” for this target, and hence a scientifically-based escalating ladder of emission-reduction targets stretching to mid-century and beyond.

A survey of the relevant scientific literature by David Spratt, “Recount: It’s time to ‘Do the math’ again”, published today by Breakthrough concludes that the evidence does not support either of these propositions.
The catastrophic and irreversible consequences of 2°C of warming demand a strong risk-management approach, with a low rate of failure. We should not take risks with the climate that we would not take with civil infrastructure.

There is no carbon budget available if 2°C is considered a cap or upper boundary as per the Copenhagen Accord, rather than a hit-or-miss target which can be significantly exceeded; or if a low risk of exceeding 2°C is required; or if positive feedbacks such as permafrost and other carbon store losses are taken into account.

Effective policy making can only be based on recognising that climate change is already dangerous, and we have no carbon budget left to divide up. Big tipping-point events irreversible on human time scales such as in West Antarctica and large-scale positive feedbacks are already occurring at less than 1°C of warming. It is clear that 2°C of climate warming is not a safe cap. 

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

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