carbon emissions

Thu, 2014-11-13 13:02Chris Rose
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G20 Governments are Spending $88B Each Year to Explore for New Fossil Fuels. Imagine if Those Subsidies Went to Renewable Energy?

oil change international, subsidies, oil gas exploration

Rich G20 nations are spending about $88 billion (USD) each year to find new coal, oil and gas reserves even though most reserves can never be developed if the world is to avoid catastrophic climate change, according to a new report.

Generous government subsidies are actually propping up fossil fuel exploration which would otherwise be deemed uneconomic, states the report, “The fossil fuel bail-out: G20 subsidies for oil, gas and coal exploration.”

Produced by the London-based Overseas Development Institute and the Washington-based Oil Change International the 73-page analysis also noted the costs of renewables is falling and the investment returns are better than fossil fuels.  

Every U.S. dollar in renewable energy subsidies attracts $2.5 in investment, whilst a dollar in fossil fuels subsidies only draws $1.3 of investment,” said the report released Tuesday, just days ahead of the G20 leaders meeting in Brisbane, Australia.

The report also notes the G20 nations are creating a ‘triple-lose’ scenario by providing subsidies for fossil-fuel exploration.

Mon, 2014-10-13 08:00Chris Rose
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New Report: Who Will Pay for the Costs and Damages of Climate Change?

people's climate march, zack embree

Canadian oil and gas companies could be liable for billions of dollars of damages per year for their contribution to climate change caused by toxic greenhouse gas emissions, according to a study published Thursday.

The study looked at five oil and gas companies currently trading on the Toronto Stock Exchange — Encana, Suncor, Canadian Natural Resources, Talisman, and Husky — and found they could presently be incurring a global liability as high as $2.4 billion annually.

Climate change is increasingly discussed not as some far-off threat but in terms of current realities,” said the 62-page study — Payback Time? What the internationalization of climate litigation could mean for Canadian oil and gas companies.

Published by the Canadian Centre for Policy Alternatives and West Coast Environmental Law (WCEL), the study found data showing the global financial cost of private and public property and other damage associated with climate change in 2010 has been estimated at $591 billion, rising to $4.2 trillion in 2030.

Tue, 2014-09-16 10:48Chris Rose
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Future of Our Climate Depends on Next Fifteen Years of Investment, New Report States

fossil fuel subsidies, clean energy, better growth better climate, kris krug

Investments in renewable energies and low-carbon infrastructure can help the environment and the economy at the same time, says a comprehensive new report released Tuesday.

The report — Better Growth Better Climate — found that about US $90 trillion will likely be invested in infrastructure in the world’s cities, agriculture and energy systems over the next 15 years, unleashing multiple benefits including jobs, health, business productivity and quality of life.

The decisions we make now will determine the future of our economy and our climate,” Nicholas Stern, Co-Chair of the Global Commission on the Economy and Climate, said in a media release.

If we choose low-carbon investment we can generate strong, high-quality growth – not just in the future, but now. But if we continue down the high-carbon route, climate change will bring severe risks to long-term prosperity,” he said.

Felipe Calderón, Chair of the Global Commission on the Economy and Climate, said the report refutes the idea that humankind must choose between fighting climate change or growing the world’s economy.

That is a false dilemma,” Calderón said. “Today’s report details compelling evidence on how technological change is driving new opportunities to improve growth, create jobs, boost company profits and spur economic development. The report sends a clear message to government and private sector leaders: we can improve the economy and tackle climate change at the same time.”

Tue, 2014-09-09 12:18Chris Rose
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Global Economies Failing to Meet Global Warming Pollution Reduction Targets

global warming effect

Global economies must lower carbon emissions by at least five times the levels currently achieved, according to the 2014 Low Carbon Economy Index compiled by PricewaterhouseCoopers (PwC).

The report – Two degrees of separation: ambition and reality – clearly shows that the global economy has missed the decarbonization target needed to limit global warming to 2 ̊C for the sixth year in a row.

The Low Carbon Economy Index paints a bleak picture of what might happen if politicians and national governments don’t soon get much more aggressive at fighting climate change.

Confronted with the challenge in 2013 of decarbonizing at 6% a year, we managed only 1.2%,” the report noted.

To avoid two degrees of warming, the global economy now needs to decarbonize at 6.2% a year, more than five times faster than the current rate, every year from now till 2100. On our current burn rate we blow our carbon budget by 2034, sixty-six years ahead of schedule. This trajectory, based on IPPC [Intergovernmental Panel on Climate Change] data, takes us to four degrees of warming by the end of the century.”

But the index also provided some optimism for the future.

Wed, 2011-09-28 14:04Carol Linnitt
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Dogwood Initiative Exposes BC's Dirty Coal Export Secret

British Columbia plays a special role in the pollution and warming of the atmosphere, according a new report from the Dogwood Initiative on BC’s rapidly expanding coal industry and its implications for the province’s contributions to climate disruption. 

The BC government plans to reduce emissions by 33 percent from 2007 levels by 2020. Yet BC is preparing to emit more than its fair share of climate threatening pollution due to the province’s steady increase in coal production and export.

As the Dogwood Initiative report shows, BC is outsourcing more than just dirty energy: the province’s carbon emissions are nearly doubled when you factor in BC coal burnt in other countries.

Wed, 2011-08-17 15:27TJ Scolnick
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Canada Right On Target, To Miss 2020 Emissions Targets

According to Environment Canada’s peer-reviewed July report on Canada’s Emissions Trends [pdf], government action to date is not putting the country on track to meet the carbon emissions reductions it commited to in 2009.

Thu, 2010-11-11 17:32Nathanael Baker
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God Will Not Allow Global Warming Proclaims Rep. John Shimkus, Seeking Top U.S. Congress Energy Position

U.S. House Representative John Shimkus (Republican-Illinois), who has opposed cap and trade legislation because he believes God will not allow the earth to be destroyed by global warming, is running to become the House Energy and Commerce Committee chairman.

In 2009, at a congressional hearing on cap and trade legislation, Rep. Shimkus said, “The Earth will end only when God declares it’s time to be over.  Man will not destroy this Earth.  This Earth will not be destroyed by a Flood.”  This week in an interview with Politico, Shimkus reaffirmed these views:  when asked about climate change he stated once again that God will not allow the world to be washed away in a flood.

Fri, 2008-12-19 15:36Page van der Linden
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Nightmare On Coal Street: The Video

Earlier this week, President-elect Barack Obama announced his picks for his energy team, with Dr. Steven Chu to head up the Department of Energy.

Dr. Chu is not the happy holiday gift the “clean coal” folks were hoping for.

The blogosphere has been abuzz with something Chu said about coal in an alternative energy talk he gave at UC Berkeley in April 2007. The video of the talk is nearly two hours long, but we snagged the important bit, where he talks about coal.

Wed, 2008-06-04 10:14Kevin Grandia
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General Electric Press Release Claims CO2 "a possible" Factor in Climate Change

Coal-energy powerhouse General Electric states in a May 28th, 2008 press release that “C02 is a possible contributing factor to climate change.”

This claim by General Electric, one of the largest power producers in the world, was made despite the scientific evidence, and the world's governments (including the US) now in agreement that greenhouse gas emissions caused by the burning of fossil fuels are heating our planet.

Tue, 2008-03-25 16:13Bill Miller
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Global warming threatens millions in teeming South Asia, study finds

About 125 million people could be made homeless by rising sea levels due to a projected four-to-five degrees Celsius increase in global temperature this century.

Research released by Greenpeace said Bangladesh, Pakistan and India have almost 130 million people living in the coastal zone most vulnerable to sea-level rise, erosion and drought.

The study comes at a time of rapid growth throughout South Asia, not only in energy consumption but also population. Not surprisingly, nobody is suggesting cutbacks on either front.

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