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For all the pronouncements about the United States and China reaching a historic climate pact, the agreement they announced Wednesday does not signal a seismic shift in policies by either nation, experts said. The deal is important for what it shows the rest of the world, particularly other large carbon emitters like India and Russia, in advance of a meeting in Paris next year to negotiate a new climate treaty.
The dangers of climate change have grown and become palpable in myriad ways but nations have made little progress. In fact, having put the car in reverse, they are accelerating in the wrong direction. The planet has a big problem. I’m here to argue that divestment from fossil fuel companies is an important strategy for fiduciaries of all types to pursue. Divestment by any group, but particularly by thought leaders such as those responsible for public pension funds, helps to stigmatize the oil, gas and coal giants as repugnant social pariahs and rogue political forces bent on profit at whatever cost to the planet and its people.
At a windy mountain pass on the edge of the Mojave Desert, North America’s most potent collection of batteries used for storing unused power is humming its way toward an electricity revolution. Southern California Edison, a utility that serves about 14 million people, has amassed more than 600,000 lithium-ion battery cells at a substation in Tehachapi, California. The $54 million, two-year test project aims to collect power generated from the area’s 5,000 wind turbines and store it for future use.
Ban’s message was simple: Beyond the long-term shared benefits of such action, countries and businesses would benefit in the short term. There are no losers in the fight to mitigate climate change and its consequences and for some the “win-win” character of climate action seems finally to be sinking in. Today’s carbon-intensive businesses may see far more risk than opportunity in climate action. But this view is shortsighted from a financial point of view and neglects the impact of public opinion.
The Energiewende will go on despite its obvious setbacks. There are countries in Europe that already generate more than half of their electricity from renewable sources, such as Sweden, and others that are getting there, such as Austria, and the continent’s biggest economy is trying hard to catch up. The German government’s determination to experiment, and citizens’ continued willingness to pay for these experiments if they lead to a cleaner future, carry important lessons for the U.S. and other countries where politicians are afraid of the kind of upheavals that Germany has faced.
Saving the planet would be cheap; it might even be free. But will anyone believe the good news? Where is the new optimism about climate change and growth coming from? It has long been clear that a well-thought-out strategy of emissions control, in particular one that puts a price on carbon via either an emissions tax or a cap-and-trade scheme, would cost much less than the usual suspects want you to think. But the economics of climate protection look even better now than they did a few years ago.
After decades of cynical and often secret interventions by the US, Britain, France, Russia, and other outside powers, the Middle East’s political institutions are based largely on corruption, sectarian politics, and brute force. The damage in Libya, Gaza, Syria, and Iraq demands that a political solution be found within the region, not imposed from the outside.
It is well known that globalization has put strong downward pressure on wages and benefits of workers in wealthy countries, as companies have offshored and outsourced labor to lower-wage locations and justified wage cuts to try to stay competitive. But politicians and economists have yet to come to terms with the fact that in the rich world the income distribution system itself has broken down irretrievably.
The four founders of the Centre for the Study of Existential Risk, cosmologist Martin Rees, Skype co-founder Jaan Tallinn, economic theorist Sir Partha Desgupta and philosopher Huw Price, are in the business of “horizon scanning” – identifying low-probability-but-high-consequence events – and are concerned mainly with risks we have created ourselves – the consequences of being too clever for our own good. One prominent risk is that artificial intelligence (AI) will outcompete our own for predominance, ultimately allowing AI to relate to humans much as humans currently do to chimpanzees. There is also the risk of the deliberate or accidental release of a virus with a modified genome, the adoption of stratospheric aerosol geo-engineering, and the use of 3-D printers to create military-grade weapons.
Until now the story of human prosperity has been all about cheap, abundant energy. However, something big has been happening. For the first time in history, we are growing richer while using less energy. That is unalloyed good news for budgets, incomes and the planet. We have reached a technological tipping point. Energy-saving is working. Green growth makes sense, and is happening. There is a future that preserves the gains of industrialisation without its polluting losses.
Every piece of garbage can be turned into raw material that can be used in future products. With his influential Cradle to Cradle movement, Germany’s Michael Braungart espouses a form of eco-hedonism that puts smart production before conservation. In Braungart’s universe, every product is basically designed to either decompose without causing any harm or to be recycled without loss of quality. His vision is of a planet on which no garbage accumulates, because all waste becomes food.
Aid group Oxfam has called on other rich nations to follow the example of Germany, which has promised €750m ($1bn) for the UN’s fledgling Green Climate Fund. The announcement by Chancellor Angela Merkel on Monday at the Petersberg Climate Dialogue in Berlin, where some 35 ministers from around the world are meeting to discuss international climate action, is the only large pledge of money for the Green Climate Fund so far.
The United States passed a major milestone last month, having now regained all 8.7 million of the jobs lost during the Great Recession. But many American families, businesses, and communities are still living with the legacy of the most severe contraction in decades. Wages have stagnated, poverty has increased, social mobility has decreased, and too much human potential is being left untapped.
To look for aliens, most people peer towards the sky. But if you look down, you’ll discover they already live among us. These aliens have brains, like we do, but they’re mostly inside their arms, and each arm acts as if it has a mind of its own – the aliens are cephalopods. The kinds of decisions that octopus arms can make on their own, such as those involved in self recognition and in complex camouflage, appear to be more complex than simple pain avoidance, and in addition to their arms’ impressive sensory abilities, cephalopods have excellent vision, are capable of generating and storing both short-term and long-term memories, and can learn new tasks with ease. Some species even use tools.
Taking a transit-oriented development approach can make public transport not just viable, but effective in its implementation. Three key elements of urban design support quality public transport, and can help cities move towards a transit-oriented development model. City leaders must reshape the roadways connecting communities within cities; create density around public transport to fuel demand; and design facilities that ensure safe and user-friendly transport systems.
Piketty is right that our political economy favors the growth of inequality, and that inequality in turn poisons our politics. But while we should aspire to create a society that shares its prosperity, we need to address a much bigger gap than the one between rich and poor. We need to address the gap between what’s demanded by our planet and what’s demanded by our economy.
Two major injustices – inequality and climate change – are threatening to undermine the efforts of millions of people to escape poverty and hunger. By concentrating wealth and power in the hands of a few, inequality robs the poorest people of the support they need to improve their lives. And as climate change devastates crops and livelihoods, it undoes poor people’s efforts to feed their families.
President Obama on Tuesday will announce his intent to make a broad swath of the central Pacific Ocean off-limits to fishing, energy exploration and other activities. The proposal, slated to go into effect later this year after a comment period, could create the world’s largest marine sanctuary and double the area of ocean globally that is fully protected. The announcement is part of a broader push on maritime issues by an administration that has generally favored other environmental priorities. On Capitol Hill, some Republicans have sought to limit the administration’s ability to influence offshore activities, viewing it as another attempt by the president to test the limits of White House power.
A new rule from the EPA proposes to cut emissions of carbon dioxide from power plants, which account for 39% of overall emissions, by 30% from their 2005 level by 2030. To reach that goal, each state has been handed its own target. Lawsuits are inevitable.
It took little time for Alison Lundergan Grimes, the Democrat who is challenging Senator Mitch McConnell of Kentucky, the Republican minority leader, in the most high-profile Senate race this year, to distance herself from the Obama administration’s proposal for sharp cuts to emissions from power plants.
We cannot succeed if we define ourselves solely by the things that we’re against. We must be just as effective, creative, and tenacious at identifying and establishing the positive solutions we do want to see. If we don’t articulate a vision for a prosperous society powered by clean energy, then the only “optimistic” perspective is to deny reality and bury one’s head in the sand. And that’s a dangerous thing to do when the seas are rising. So here’s what I want everyone to remember this Earth Day: The world is a wonderful place. In just 90 minutes, enough sunlight strikes this planet to provide our planet’s entire energy needs for one year. The contiguous United States has enough potential wind energy to provide all of our nation’s electricity — nine times over. Renewable energy has become economically competitive faster than anyone imagined just a few years ago — in many places it is already beating all fossil fuels and nuclear power on price alone. Got it? Now, make like Muir and spread the word!
The anti-oligarchy argument claim is that the rich have too much money, which they use to elect politicians who will enact laws that favor their interests. But it seems better to argue about the best policies to improve income distribution efficiently, and to point out which politicians support them. “Yes” to the EITC and pre-school education; “no” to subsidies for oil, agriculture, and mortgage debt.
Wind was responsible for 4.8 percent of America’s electricity used in January. That’s the highest January total ever, breaking the record from last January. In many areas of the country wind has reached an important tipping point: becoming cheaper than coal and natural gas.
The grieving mother accomplished what would have been inconceivable a few short years ago, much less back when the nation launched its war on drugs: She helped pass a bill, signed by a Republican governor, that lets people get away with using drugs for the sake of saving lives.
As part of an effort to make the public see global warming as a tangible and immediate problem, the White House has inaugurated a website, climate.data.gov, aimed at turning scientific data about projected droughts and wildfires and the rise in sea levels into eye-catching digital presentations that can be mapped using simple software apps.
Climate change and its regulation pose significant risks and opportunities to investors and corporations. The key regulator that leads federal efforts to provide investors with information about corporate risks and opportunities is the SEC. This report examines the state of such corporate reporting and associated SEC comment letters.
When customers speak, businesses listen. It’s an old adage in business that Oxfam and its supporters tested to see if this would be true on issues of sustainability and human rights. First we asked the 3 biggest chocolate companies, Mars, Mondelez and Nestle to address the inequality and injustices that women cocoa farmers and workers faced in their cocoa supply chains.
To have an 80 percent chance of maintaining this 2 °C limit, the IEA estimates an additional $36 trillion in clean energy investment is needed through 2050—or an average of $1 trillion more per year compared to a “business as usual” scenario over the next 36 years.This Ceres report provides 10 recommendations for investors, companies and policymakers.
Yale Project on Climate Change Communication presents their report on Americans’ Actions to Limit Global Warming. The report provides insight into public interest as regards governmental process and political action, and business activities and consumer action. It also sheds light on efforts to achieve greater domestic energy efficiency.
REmap 2030 is a roadmap to double the share of renewable energy by 2030. It is the first global study to provide renewable energy options based on a bottom-up analysis of official national sources. The study not only focuses on technologies, but also on the availability of financing, political will, skills, and the role of planning.
We face an urgent need to provide innovative responses to natural resource use. Bamboo could play an important role in forest and landscape restoration. With adequate attention, investment, and the right standards in place, it could become a major renewable and sustainable crop—if we can update our outmoded view of it.
A companion to shoppers for a half-century, the plastic bag is now under siege in California, where a growing number of policy makers have come to regard it as a symbol of environmental wastefulness. Lawmakers in Sacramento are trying to make California the first state to approve a blanket ban on this most ubiquitous of consumer products.
U.S. manufacturing—and the jobs that go with it—have been steadily increasing since 2010. Whether the resurgence of U.S. manufacturing jobs continues depends on a range of factors—including environmental initiatives. While the future of U.S. manufacturing jobs is uncertain, energy-efficiency and clean-energy investment can help ensure that this sector continues to thrive.
One of the great hopes of health care reform is that it will reduce the number of Americans who file for bankruptcy because of medical debt. A new study in Massachusetts is providing evidence that the reform law passed in that state in 2006, and which served as the model for the Affordable Care Act, is indeed making a significant dent in bankruptcy filings.
Putting aside GMOs for the moment, how many of the groceries sold at Walmart would never be stocked on Whole Foods shelves? The 78 ingredients on their blacklist end up comprising over 54% of all the foods sold in Walmart stores. What’s more, approximately 97% of the soft drinks/soda sold at Walmart contain ingredients that Whole Foods considers “unacceptable.”
A billionaire retired investor is forging plans to spend as much as $100 million during the 2014 election, seeking to pressure federal and state officials to enact climate change measures through a hard-edge campaign of attack ads against governors and lawmakers.
Climate change may be the world’s “most fearsome” weapon of mass destruction, and urgent global action is needed to combat it, U.S. Secretary of State John Kerry said on Sunday, comparing those who deny its existence or question its causes to people who insist the earth is flat.
At the dawn of a new year, the world is in the midst of several epic transitions. Economic growth patterns, the geopolitical landscape, the social contract that binds people together, and our planet’s ecosystem are all undergoing radical, simultaneous transformations, generating anxiety and, in many places, turmoil.
Utility-sized solar plants are beginning to appear across the US, with 232 under construction, in testing or granted permits, many in the south-west and California. In the west, ample sun, wide-open spaces, financial incentives, falling costs and state mandates have made big solar plants possible.
US President Barack Obama recently declared that growing income inequality and the inequality of opportunity that it creates are the defining challenges now facing America. These problems have risen to the top of the political agenda in the United States, but they are not uniquely American problems.
The primary distribution through the free market economy, whose distributive principle is “to each according to his production,” delivers progressively more market-sourced income to capital owners and progressively less to workers who make their contribution through labor.
Our generation can end the ancient scourge of extreme poverty, but it can also destroy the earth’s life-support system through human-induced environmental devastation. By necessity, then, we have entered The Age of Sustainable Development. Jeffrey Sachs of Columbia University is launching a free, global, online university course by the same name in January 2014. Sustainable development is both a way of understanding the world and a way to help save it, it will become the organizing principle for our politics, economics, and even ethics in the years ahead.
In the United States, two very different worlds have come into existence along the same coastline.New York City and New Bern, North Carolina both face the same projected rise in sea levels, but while one is preparing for the worst, the other is doing nothing on principle. A glimpse into America’s contradictory climate change planning.
UN member States have affirmed that the rights to water and sanitation are legally binding in international law, yet their agreement is marred by the reluctance of the United States to join in a universal agreement on the definition of these rights. The U.S. government’s position works against the interests of the billions of people who lack adequate access to water and sanitation.
The sophisticated banks that dominate the financial system will directly incorporate the effects of capital regimes into their internal pricing models. This will result in the incentive effects flowing directly through to almost all decisions about business mix and pricing. Thus, incentive effects will be much more than academic constructs, they will play through into actual business decisions via banks’ internal markets.
The same kinds of politics that influence other aspects of society also help explain why some countries, such as the United States, suffer repeated banking crises, while others, such as Canada, avoid them altogether. A country does not choose its banking system; it gets the banking system it deserves, one consistent with the institutions that govern its distribution of political power.
Since the 2008 financial crash, our country has been reeling without getting its economic policy right. What we needed then, and need now, is a new kind of macroeconomics; one that aims for investment-led growth, not consumption-led growth. But investment-led growth can’t be achieved by a temporary stimulus. It requires a very different kind of strategy and policy.
In 2012, drought struck nearly eighty per cent of the nation’s farmland, and the growing season was the hottest and driest in decades. Unpredictable weather is hardly rare, or new. For thousands of years, floods, droughts, tornadoes, heat waves, and early frosts have been agriculture’s unyielding enemies. But even the most sophisticated farmer would have trouble planning for the vagaries of today’s climate.
A new solar cell material has properties that might lead to cells more than twice as efficient as the best on the market today. The researchers haven’t yet demonstrated a high-efficiency solar cell based on the material. But their work adds to a growing body of evidence suggesting that perovskite materials could change the face of solar power.
Unconditional Cash Transfers work better than almost anyone would have expected. They dent the stereotype of poor people as inherently feckless and ignorant. But Conditional Cash Transfers are usually better still, especially when dealing with the root causes of poverty and, rather than just alleviating it, helping families escape it altogether.
A diverse group of highly respected global leaders is calling for a radical shake-up in politics and business to deliver progress on climate change, reduce economic inequality, improve corporate practices and address the chronic burden of disease.
Ever since man first picked up a spear, other species have suffered. As his technology improved, so his destructive power increased. In a sense, this orgy of destruction was natural. In the wild, different species compete for resources, and man proved a highly successful competitor. Religion sanctioned his ascendancy. But in recent times attitudes have changed.
A group of scientists led by Dutch conservation expert Frans Schepers has launched a unique experiment centered on the return of the large grazing animals and predators that populated the Continent long ago. The scientists expect the greatest possible diversity of species to develop around the spectacular mammals, including insects, vultures, toads and snakes — all the kinds of animals that were once forced out of their habitats by human activity.
The Global Risks Report 2013 analyses 50 global risks in terms of impact, likelihood and interconnections, based on a survey of over 1000 experts from industry, government and academia. This year’s findings show that the world is more at risk as persistent economic weakness saps our ability to tackle environmental challenges.
The gambler’s fallacy is a cognitive bias we show by taking a long-term average and assuming it applies to every observation. Averages are a blend of varying numbers and multiple factors that may or may not be relevant at a given time. However, despite knowing that the past is not prologue, we still expect averages to produce clockwork-like results that we can bet on with certainty.
The latest IPCC report describes our current predicament with disturbing clarity. The details near the top of the knowledge pyramid can and should be intensely debated. But our solid understanding of the fundamentals of global warming – the base of our knowledge of climate science – should provide reason enough to press on with the implementation of carbon-free energy technologies.
The latest IPCC Report puts a new debate center stage: how to reconcile increased action to reduce greenhouse gas emissions with strong economic growth. The primary question that we need to ask is how public policy can help to achieve its core goals while reducing emissions and building a more climate-resilient economy. As science makes clear how imperative the climate question is, it is time for economists and policymakers to explain how it can be answered.
A world “government” could never have democratic legitimacy, but the idea of world government can illuminate a sensible path for capturing the benefits of a more effective global polity. Given a fully interdependent global market, we should worry less about the risk of bad rules and policies from imperfect global institutions and more about how to exploit these institutions’ potential to lock in policies at home and abroad that minimize risks and maximize opportunities for people everywhere.
Ikea is to sell solar panels at its British stores for the first time in an attempt to tap growth in the heavily subsidised green energy market. The Swedish company has its own ambitious clean energy target, aiming to source at least 70% of its energy needs from wind and solar by 2015 and 100% by 2020.
The state has played a central role in producing game-changing breakthroughs, its contribution to the success of technology-based businesses should not be underestimated. There are many reasons why policymakers must modernise the state and bring entitlements under control. But one of the most important is that a well-run state is a vital part of a successful innovation system.
Corporations are authoritative organizations that can channel extraordinary levels of human, technical, and fiscal resources toward specific problems and missions. Multinational corporations dominate markets, trade, investment, research and development, and the spread of technology. To fight climate change, the international community needs to harness this power
There is a never-ending supply of business gurus telling us how we can, and must, do more. Yet the biggest problem in the business world is not too little but altogether too much busy-ness. All this “leaning in” is producing an epidemic of overwork, and has been producing negative returns for some time now. It is time to try the far more radical strategy of leaning back.
A small but – anecdotally – growing group of Americans are leaving the structure and security of an office job for the gruelling, yet rewarding work of earning money from the land. Some want to be a part of improving the food supply for themselves and their community; others are excited by the prospect of becoming self-sufficient, or simply working outdoors like their ancestors did.
Researchers at the Swiss Federal Institute of Technology in Zurich have developed an ultra-efficient new engine that runs on a combination of natural gas and diesel. When combined with a battery and electric motor to make a hybrid vehicle, it could allow a car to get the equivalent of 80 miles per gallon, the researchers say.
Hurricane Sandy, the monster storm that hit the Atlantic Seaboard on Oct. 29, left at least 159 dead and caused $65 billion in damages. But as a presidential task force made clear this week, Sandy cannot be considered a seasonal disaster or regional fluke but as yet another harbinger of the calamities that await in an era of climate change.
Elon Musk proposes to revive an old science-fiction idea called the vac-train (short for “vacuum train”), albeit with a few important tweaks. The Hyperloop would carry passengers across California at more than 1,200kph—faster than a jet airliner—allowing them to zoom between San Francisco and Los Angeles in little over half an hour.