Showing posts with label The Cost Of Stopping Global Warming. Show all posts
Showing posts with label The Cost Of Stopping Global Warming. Show all posts

Wednesday, December 05, 2018

A Reckoning Is Coming



Two years ago, Justin Trudeau and Rachel Notley reached what Tom Walkom calls a classic Canadian compromise:

The federal government would help Alberta Premier Rachel Notley exploit and transport bitumen from the province’s oilsands. In return she would support Trudeau’s demand for some form of national carbon tax.

In normal circumstances, it should have worked. But the circumstances aren't normal:

The circumstances today are far from normal. Climate change is not simply another blip in federal-provincial relations that can be resolved by, say, changing the equalization formula.
If the scientific consensus is correct, it is a crisis on par with worldwide nuclear war.
Already, climate change is producing unusually severe droughts in some areas and unusually wild storms in others. It threatens to swamp much of Florida. It is melting the Arctic ice.
It has expressed itself through flooding in Europe and devastating wildfires in British Columbia, California and Alberta. It is generally accepted as one of the root causes of the Syrian civil war and is expected to lead to more conflict.

The federal Conservatives and their provincial brethren are ostrichs. They have their heads in the oil sands. Yet they claim that economics is their strong suit. They refuse to recognize that the oil sands are no longer economically viable:

Economically, the oil sands are doomed. In a world awash with cheap shale oil, new tar sands projects are ultimately too expensive to develop — even if the $4.5-billion Trans Mountain pipeline that Ottawa bought to deliver Alberta bitumen to the Pacific coast goes ahead.
Environmentally, they are a disaster — in terms of both the tailing ponds created to store their waste and the carbon emissions they spew into the air.

Our politicians refusing to admit a painful truth. The goo in northern Alberta -- one way or another -- will have to stay in the ground. Coming to terms with that reality is very painful. But, one way or another, a reckoning is coming.

Image: United Church Observer

Tuesday, July 10, 2018

The Cost Of Rising Seas


For those who don't live on a seacoast, rising oceans mean little -- unless you put the issue in dollars and cents terms. Tim Radford, who was the science editor for The Guardian  for twenty five years, does just that:

The rising seas’ cost may be $27 trillion a year in U.S. dollars for the world by 2100 if it fails to meet the UN’s 2ºC global warming limit by then, with sea level rise of, at its worst, almost six feet (nearly two meters), new research says.
A study led by the UK’s National Oceanography Centre (NOC) says the worldwide cost of flooding caused by rising sea levels, at their median level, could by 2100 be $14 trillion, if governments miss the United Nations target of keeping the rise in global temperatures, caused by unremitting fossil fuel use, to less than 2ºC above pre-industrial levels. But the extent and cost could be much higher.

It's not just that the financial costs are staggering.  Huge segments of humanity are looking into the maw catastrophe:

Svetlana Jevrejeva of the NOC is the study’s lead author. She said: “More than 600 million people live in low-elevation coastal areas, less than 10 meters above sea level. In a warming climate, global sea level will rise due to the melting of land-based glaciers and ice sheets, and from the thermal expansion of ocean waters. So sea level rise is one of the most damaging aspects of our warming climate.”

But, more than that, the poorest among us will pay the most:

Using World Bank income groups (high, upper-middle, lower-middle and low-income countries), they then assessed the impact of sea level rise in coastal areas from a global perspective.
The researchers also found that it was upper-middle income countries such as China that would see the largest increase in flood costs, while the richest ones would suffer the least, because of the high levels of protection infrastructure they already enjoyed. The research is published in the journal Environmental Research Letters.

So we in the West blindly stumble into the future. An American president claims it's all a hoax. And, besides, wealth has its privileges.

Image: Progressive Charlestown


Saturday, December 10, 2016

Pulling Together



Yesterday, Canada's first ministers met to finalize a strategy for fighting climate change. The plan puts a price on carbon -- and, as of now, the price is too low. Tom Walkom writes:

The per tonne carbon emission price he suggested two months ago — $10 in 2018 rising to $50 per tonne by 2022 — is simply too low to get the job done.

Experts I’ve talked to say if Canada hopes to meet even the minimal targets it agreed to at the Paris climate-change conference last year, it would have to implement a price of $30 per tonne now — rising to $200 by 2030.

That’s because the whole point of carbon pricing is to encourage people to use less fossil-fuel energy by making it more expensive.

That price is still too high for people like Brad Wall. Getting the premiers to pull together isn't easy. Justin's father knew all about that. But getting Canadians to pull together is even harder. In Alberta, Rachel Notley is feeling the heat:

But [the plan] hasn’t gone over as well at home. A poll earlier this fall estimated that a striking 63 per cent of Albertans oppose her carbon tax plan, which is expected to cost the average family $433 in the first year.

Opposition to the carbon tax was also the rationale for last week’s lock-her-up rally in Edmonton, where demonstrators called for Notley to be jailed.

It will cost money to stop global warming. The jury is still out on whether or not Canadians are willing to pay what it will take.

Image: Times Of India