Showing posts with label carbon pricing. Show all posts
Showing posts with label carbon pricing. Show all posts

Sunday, November 19, 2017

Even the National Post is Sounding the Alarm.


By now we all know how quickly and severely the Arctic is warming. Nobody's arguing that any more. What we don't know, as yet, is how that's going to impact the majority of us down here by the 49th parallel and below.

David Barberr, a lead author of a new report released by the Arctic Council, tells the National Post that we're in for an unbelievably costly and damaging experience.

“Most people don’t understand how bad it is.”

The report completed for the Arctic Council, the group of eight countries that ring the North Pole, was released last week. It represents the work of 90 scientists from around the world and summarizes the most recent research from 2010 to 2016.

Cumulative global impacts related to Arctic change are expected to be large,” the document said. “Adaptation costs and economic opportunities are estimated in the tens of trillions of U.S. dollars.”

How much? Trillions? TENS of trillions? That's some serious dinero.

The report concludes the Arctic continues to warm at twice the pace of mid-latitudes and is likely to see warming of up to five degrees Celsius as early as 2040.

By then, the report says, summer sea ice is likely to be a thing of the past. Glaciers and ice caps will continue to melt and contribute to continually rising seas.
...

Climate change in the Arctic is well underway and can’t be stopped. But the report says if nations meet their greenhouse gas reduction targets under the Paris agreement, changes in the Arctic will stabilize to a new normal some time around 2040.

We should have started 20 years ago,” Barber said. “We didn’t get our act together and we’re still dicking around trying to figure out how to price carbon.

“These things are costing us. And they’re costing the stability of our planet.”


And it's not just NatPo that may be experiencing a climate change epiphany. Even the Sunday Times is catching on. Now there's even talk of a popular "tipping point" in which the public is coming to accept the powerful scientific consensus on man-made climate change and the urgency for taking effective action. Are you paying attention, you lousy petro-pimps?

But wait, there's more. This time it's Britain's Mirror moaning on about how climate change could cost the UK 75 billion quid a year by 2050. What's next, the Daily Mail? Who am I kidding? Nah, forget the Mail.



Tuesday, October 11, 2016

Our New Normal



I've noticed it. Chances are good you have too. "It" is the marked change in local precipitation patterns.

I live in a place where we're used to pretty torrential downpours from squalls coming off the Pacific. They manifest in heavy rainfall and very high winds that can give the rains a horizontal effect. That had been the baseline for heavy storms.

It's not unusual today to experience significantly heavier rains of increasingly longer durations. Word has it we're in for a 4-day deluge starting later this week.

We all remember the floods that hit Toronto, then Calgary and just recently, Nova Scotia. In my town we had a massive downpour that lasted exactly 18-minutes, start to finish, but dumped enough water, about an inch and a half, that cars were floating down the mainstreet that itself was just a gently sloping block distant from the sea. Environment Canada has now issued a warning that we'll be hammered by heavy rains and high winds courtesy of four fronts that will arrive between Wednesday night and Sunday.

Now research is suggesting that Hurricane Sandy grade flooding is becoming the "new normal."

The frequency of floods of the magnitude of Hurricane Sandy, which devastated parts of New York City in 2012, is rising so sharply that they could become relatively normal, with a raft of new research laying bare the enormous upheavals already under way in the US due to climate change.

These findings and two other fresh pieces of research have highlighted how the US is already in the grip of significant environmental changes driven by warming temperatures, albeit in different ways to the processes that are fueling hurricanes.

The number of storms with Sandy-like floods is rising exponentially

An analysis of past storms and models of future events as the planet warms has shown that Sandy-like floods have become three times more common in the New York area since 1800. This frequency is set to climb further, from once every 400 years to once every 90 years by 2100, due to the effects of sea level rise alone.

Worse still, when the impact of future storm conditions, supercharged by the warming oceans and increased atmospheric moisture, is considered, New York could be swamped by Sandy-level flooding as frequently as once every 23 years by the end of the century, according to research led by Princeton University.

...Michael Mann, a climatologist at Penn State University, said that the studies deal with very different processes but are “examples of climate change impacts that are already threatening us here in the US and around the world, the devastating and unprecedented wildfires in Alberta last spring and the coastal flooding and massive loss of life from Hurricane Matthew being just the latest reminders, and which will only worsen if we do not act on climate”.

But the federal government, Justin's government, isn't taking this lying down. It's going to introduce carbon pricing. So? That won't do bugger all to answer our problem. The problem is what scientists call our "broken hydrological cycle." We've already heated the atmosphere. Warmer air (1) holds more water vapour which only (2) warms the air that much faster but also (3) shifts global precipitation patterns (4) triggering severe weather events of increasing frequency, intensity and duration and (5) creating both sustained and cyclical flooding and droughts. I don't care if you scored a D- in physics, you can still understand that.

This is where Justin hasn't thought things through. For the sake of political cover he's casting his carbon price as "revenue neutral." The taxes collected will be returned to the provinces in which they're harvested to go into general revenues and onward to whatever groups the governments of the day choose to reward. In this era of "everyday low taxes" that revenue doesn't have much chance of going where it's most needed.

So, where is that money most needed? It could be invested in adaptation measures to at least blunt the impacts of our broken hydrological cycle. Early 20th century storm sewer systems don't meet the demands of 21st century deluges. Cities need floodways. In my view the money collected should be directly linked to measures to cope with the impacts arising out of the problem on which the tax itself is justified. Sort of like diverting excise taxes on tobacco products to defray the cost of medical treatment of lung diseases. The whole yin/yang thing.

We have to start getting our minds about public policy responses to these challenges. So far that's just not happening.

Wednesday, October 09, 2013

OECD - We Need a "Big, Fat Price on Carbon"


The organization representing the industrialized, First World, isn't pulling any punches on climate change.  OECD Secretary-General, Angel Gurria, maintains we need to decarbonize by mid-century.

“We need to achieve zero emissions from fossil-fuel sources by the second half of the century,” Gurria told reporters at a briefing in London.
“That doesn’t mean by 2050 exactly but it means by that time we need to be pretty much on the way to achieving it,” he said.
“This is worse than a debt because there is no bailout and if you have two or three good budget years a debt can be reduced, but emissions hang around for 100 years,” he said.
[Gurria] said there needed to be a “big, fat price on carbon” – either through carbon taxes or emissions-trading schemes which send out consistent and clear price signals.
 Many countries already have national policies in place to lower emissions over the next decade or more. Governments are also working to get a global deal to cut emissions signed by 2015, to come into force by 2020.
However, a lot more progress needed to be made to cut emissions immediately, not after 2020, Gurria said.
A "big, fat price on carbon" would probably be the tipping point for expensive, high-carbon fossil fuels such as Athabasca bitumen.   We are loathe to acknowledge it in Canada.  Certainly none of our political leaders has the courage to say it.  That doesn't change the fact that the future is terrible for unconventional, dirty fossil fuels.