Kevin Grandia's blog

AIG to insure against losses due to climate change

America Public Media and Fortune are both reporting today that AIG, one of the world's largest insurers, will shortly announce new insurance products aimed at covering losses due to the effects of climate change.

This echos earlier statements made in a report by Marsh , the world's largest insurance broker, last spring:

“Climate change - often referred to as 'global warming' - is one of the most significant emerging risks facing the world today, presenting tremendous challenges to the environment, to the world economy, and to individual businesses.”

Public Opinion Pushes Action on Climate Change, Usually

Jack Sparrow's compassWhy is it that California is able to take such a strong lead on  climate change, while the U.S. federal administration stands around questioning the science and refusing to undertake any real action on the issue?

It's tempting to blame the polls. While there are many altruistic and economic reasons Gov. Arnold Schwarzenegger and California legislators are taking such a strong stance on climate change, it would be naïve to overlook the importance of public opinion polls showing that Californians are concerned and want action.

BP: climate action or damage control?

BP announced today a new program that will allow drivers to maintain carbon-neutral without changing their driving habits or make of car. The program, called “Target Neutral” is a web-initiative that allows drivers to cancel out their carbon emissions by funding renewable energy and green technology ventures out of their own pockets. While emission trading is nothing new, it is always encouraging to see industry leading the way.

DeSmogBlog in Edmonton

This feature piece appeared in the Edmonton Journal on the weekend outlining the more-questionable-by-the day “Friends” of Science and their efforts to sow doubt about the realities of climate change.

Arnie and Gore in 2008!

Between Gore's Inconvenient Truth and Arnie set to push through an unprecedented US State climate change initiative, are we seeing the makings of a 2008 climate change bi-partisan presidential run? With climate change on America's mind and everyone sick and tired of the same political rhetoric dividing important issues on partisan lines, who knows… it's politics, stranger things have happened.

Below is some not-so-good footage of Schwarzenegger talking about California's Global Warming Solutions Act that will cap C02 emissions and aim to reduce green house gas emissions to 1990 levels by 2020. And below that is some footage of Gore out on the hustings in a chat with Letterman.

Make a good pair don't they?

Now I know Arnie can't run for prez, and this a pretty tongue-in-cheek post, but it's Friday and I say Gore and Arnie in 2008!

California carbon cap bill good for economy too

As California's widely supported Global Warming Solutions Act, gets set to pass this summer, a new University of California study finds that the new Act could create as many as 17,000 new jobs.

Author of the report, David Roland-Holst, concludes:

“Our study demonstrates that meeting the 2020 [green-house gas] limits under debate in Sacramento can stimulate the state economy… Climate action can be profitable.”

The report also finds that the annual Gross State Product (GSP) could see a $60 billion increase as California aggressively moves on its proposed new carbon emissions cap program.

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