Social Cost Of Carbon Drastically Underestimated: Report

The U.S. government could be drastically underestimating how much climate change is going to cost us, according to a study published by Stanford researchers in the journal Nature Climate Change.

The researchers concluded that the Obama Administration is using a Social Cost of Carbon estimate that may be just one-sixth of the true cost—and that the true cost is high enough to justify aggressive measures for lowering emissions enough to limit global temperature rise to the 2 degrees Celsius that scientists tell us is the threshold for averting catastrophic climate change.

The Social Cost of Carbon is an official estimate of how much economic damage will be caused per metric ton of carbon emitted into our atmosphere—damages like lower crop yields and higher healthcare costs. It is used by the EPA and other federal agencies to calculate the benefits of policies intended to improve energy efficiency, lower emissions, and combat climate change. It is also often used to justify not taking action if the proposed action would cost more than the damage it is intended to mitigate.

The Obama Administration raised its official estimate of the economic cost of a metric ton of CO2 from $21 to $37 in November 2013. Even back then, however, many experts challenged that estimate as far too low.

According to the team at Stanford, that estimate was way too low—they calculate the true Social Cost of Carbon as $220 per metric ton.

Energy Shift Requires Shift In Conversation

This is a guest post by David Suzuki.

Abundant, cheap fossil fuels have driven explosive technological, industrial and economic expansion for more than a century. The pervasive infrastructure developed to accommodate this growth makes it difficult to contemplate rapidly shifting away from coal, oil and gas, which creates a psychological barrier to rational discourse on energy issues.

The ecological and true economic costs of energy use force us to scrutinize our way of living. And because our infrastructure doesn’t allow us to entirely avoid fossil fuels, we must face the contradiction between how we should live and constraints against doing so.

Canada has no national energy plan, other than governmental desire to be a fossil-fuelled energy-export superpower. Given the consequences of human-induced climate change already hitting home, you’d think the highest priority of governments at all levels would be to decide on the lowest-emission energy path. But politicians focused on election intervals have difficulty dealing with generational issues.

DeSmogBlog’s Top 10 Stories of 2014

It was a year of highs and lows as far as climate change and energy issues. Perhaps unsurprisingly, the lows got a lot of the attention, which is why the top 10 posts on DeSmog this year are mostly of the outrageous, infuriating or depressing variety.

We’ve already collected the top clean energy revolution stories of the year, so if this post gets too heavy for you, you can always pop over there and have some of your hope for the future restored.

But for those of you who can't look away, here are the top ten stories we posted on DeSmog this year, as measured by the amount of traffic each received:

Climate Legacy: Report Offers Stark Reminder Why Fossil Fuel Industry Is So Intent To Avoid Accountability For Pollution

If the governments of the world get serious about tackling climate change and adopt aggressive limits on global warming emissions, many fossil fuel companies’ could see their assets become stranded, forcing them to fundamentally change their business models or go out of business altogether.

But there’s another reason why those companies are so desperate to forestall any and all attempts to rein in climate emissions by holding polluters accountable: fossil fuels companies themselves are responsible for a massive amount of the greenhouse gases cooking our climate.

The Climate Accountability Institute has updated its Carbon Majors Project in time for the climate talks in Lima, Peru, “detailing the direct and product-related emissions traced to the major industrial carbon producers in the oil, natural gas, coal, and cement industries” through 2013. CAI has found that the carbon-based fossil fuels and cement produced by just 90 entities were responsible for 65% of the 1,443 billion metric tonnes of CO2 emitted between 1751, the dawn of the industrial era, and 2013.

Some 50 investor-owned companies are among the 90 entities on the Carbon Majors list, and they are collectively responsible for nearly 22% of all global warming emissions up to 2013, while the 36 state-owned companies on the list are responsible for another 20%.

Climate Negotiations Should Stop Focusing On “Burden Sharing” And Start Focusing On Sustainable Development: Report

While a key element of negotiations aimed at achieving an international agreement for combating climate change has understandably been fair treatment of all parties, there has been too narrow a focus on “burden-sharing” and “atmospheric rights,” according to a new report that suggests this approach has led to unnecessary divisiveness and is likely to yield nothing more than the “minimum acceptable level of individual action.”

Instead, the report concludes, a better approach would be to refocus the debate over the equitability and ambition of climate targets based on a “right to sustainable development” model.

Titled “Taming the beasts of ‘burden-sharing’” and written by analysts with the Grantham Research Institute on Climate Change and the Environment, the report examines seven different burden-sharing approaches based on the “right to emit,” which they define as “determining how the costs and burdens should be shared between countries.” In focusing on the costs and burdens of climate action, the reports finds, these approaches fail to take into account the fact that all countries stand to benefit substantially from reducing global warming pollution.

George Shultz, Reagan's Secretary Of State, On Climate Change: "The Potential Results Are Catastrophic"

George Shultz, who served as President Ronald Reagan's Secretary of State from 1982 to 1989, is not only willing to buck the Republican Party's orthodoxy on global warming by acknowledging climate science, he's outright calling for action. And he's even willing to walk the talk.

Shultz, a former University of Chicago economics professor and president of Bechtel, has installed solar panels on his house and drives an electric car around the Stanford University campus, where he’s a distinguished fellow at the Hoover Institution on War, Revolution, and Peace.

According to Bloomberg, Shultz’s climate awakening came when a retired Navy admiral showed him time-lapse footage of disappearing Arctic sea ice and “explained the implications for global stability.”

“The potential results are catastrophic,” Shultz says to his fellow Republicans. “So let’s take out an insurance policy.”

BLM Hasn't Performed An Environmental Review of Coal Leasing Program Since 1979

It has been 35 years since the Bureau of Land Management (BLM) last performed an environmental review of its coal leasing program.

Two environmental groups are suing the BLM to force a review of the program.

Given advances in scientific knowledge of the risks posed by mining and burning coal to human health and Earth’s climate made since 1979, the groups argue that the review will “compel the Bureau of Land Management to deliver on its legal obligation to promote environmentally responsible management of public lands on behalf of the citizens of the United States.”

Friends of the Earth and the Western Organization of Resource Councils filed the lawsuit last week in the U.S. District Court for the District of Columbia, naming Secretary of the Interior Sally Jewell and BLM Director Neil Kornze as lead defendants, along with the Department of the Interior and the BLM.

Edelman and TransCanada Part Ways After Leaked Documents Expose Aggressive PR Attack on Energy East Pipeline Opponents

Russ Girling TransCanada

Last week internal documents from Edelman, the world’s largest PR firm, were leaked to Greenpeace, exposing an aggressive strategy to target opponents of TransCanada’s Energy East pipeline.

The release of the documents brought TransCanada under fire for using dirty public relations tricks to manipulate public opinion and divide communities on the issue of the company’s 4,600 km Energy East pipeline that will carry 1.1 million barrels a day of Alberta oilsands crude to one small refinery and to export facilities on the east coast.

Today a press release from Edelman confirms the firm is parting ways with TransCanada after “attention…moved away from the merits of TransCanada’s Energy East Pipeline project.”

According to the release, “Edelman and TransCanada have mutually agreed not to extend Edelman’s contract beyond its current term,” which completes at the end of December.

The release also states the communications strategy Edelman devised was meant to “drive an active public discussion that gives Canadians reason to affirmatively support the project.”

China-U.S. Climate Deal Is Historic, But On Its Own Is Not Enough

Despite the fact that they've been using the “climate action is useless because China won't act” canard as one of their favorite arguments for years now, Republicans' outraged response to the historic climate deal between China and the U.S. probably took noone by surprise.

Because that's the thing: it is historic. For the first time ever, China has agreed to put a cap on the emissions produced by its rapid, voracious economic expansion. While it's certainly not true that the U.S. taking responsibility for its share of global warming pollution wouldn't have had a meaningful impact anyway, it also can't be ignored that averting runaway climate change would be nearly impossible if China's emissions keep growing unabated.

But to say it's historic that two of the world's biggest economic superpowers—and the world's two largest carbon polluters, together responsible for nearly half of global emissions—have agreed to begin to lower their respective contributions to global warming is not the same thing as saying that the deal President Obama and Chinese President Xi Jinping struck is enough to get the job done.

The most important issue, of course, is the emissions targets themselves, which come nowhere near what climate scientists say are needed to prevent catastrophic warming. We must lower global warming pollution 80% below 1990 levels by mid-century, yet the US is still using 2005 as its baseline, and has only committed to lowering emissions 26-28% by 2025. China, meanwhile, needs to see its emissions peak by 2020, climate scientists say, but has only committed to doing so by 2030.

The Worst Koch-Funded Lies About Climate Change in 90 Seconds

The Koch brothers have spent far more than even ExxonMobil to spread doubt and misinformation about the 97% scientific consensus on climate change in recent years — over $67 million on climate denial, in fact. Out of 13,950 peer-reviewed scientific journals, only 24 reject global warming. But the Kochs and the extensive, well-funded network of front groups and media echo chambers would prefer that we ignore our responsibility to stay well below 2 degress Celsius of warming so that the Koch brothers and their friends can continue to profit from pollution-based enterprises. 

The folks at Brave New Films compiled this great 90-second video of some of the worst Koch-funded lies about global warming for your viewing displeasure. Watch “The Worst Koch-Funded Lies About Climate Change”: 


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