Business

For China, Climate Change Is No Hoax – It’s a Business and Political Opportunity

Chinese wind farm

By , University of Southern California  

In mid-November, while Americans were preoccupied with election returns, China sent some of its clearest signals yet that it will continue to pursue an international leadership role on issues including climate.

At an international climate change summit in Marrakech, the Chinese government reasserted its commitment to reduce its greenhouse gas emissions. The government announced that its aggregate emissions will peak by 2030 or earlier, and that its emissions per dollar of economic output will decline sharply.

These 5 Companies Are Showing Trump, a Climate Denier, the Value of Investing in the Climate

Ben and Jerry's ice cream van

By Brooke Cary

Since reaching the historic Paris climate agreement in 2015, global leaders have stressed the need to make even stronger commitments to limit the impacts of climate change. And while U.S. President-elect Donald Trump is making promises to bring back coal jobs and “unleash” fossil fuel production., U.S. businesses are forging the kind of low-carbon economy envisioned in the Paris Agreement.

Hundreds (yes, hundreds) of U.S. corporations and investors have made their own commitments to uphold the international climate accord.  

Renewable Energy in the Age of Trump: Open for Business

Solar panel installation in Oregon

By Joel Stronberg

“I am white…a woman…pro-choice…educated…The government needs to run like a corporation, simple as that.”
—Trump supporter

In the age of Trump, all sustainability programs and policies will not be equal. Proven technologies and designs will surely be easier to market to the incoming administration than environmental regulation.

Trump’s surrogates would have us believe that he follows in the footsteps of Ronald Reagan. In fact, he patters the path of our 30th president: Calvin Coolidge. 

Donald Trump’s Anti-Environment Agenda Could Tank US Economy

United States President-elect Donald Trump has already made it clear that his administration will be far more friendly to fossil fuel companies than it will be to the environment, both with his appointment of noted climate change denier Myron Ebell to head up the EPA transition team, and with his stated desire to pull the United States out of the Paris Climate Agreement.

While Ebell’s appointment spells environmental disaster, it is Trump’s desire to withdraw from the Paris Agreement that could cripple the United States both environmentally and economically. And it is that second point – the economic impacts – that might actually have a chance of resonating with the American public.

Cost Of Doing Nothing To Hit $400 Trillion

The numbers are in, and they aren’t looking good for climate change deniers. According to the latest reports, the cost of doing nothing on climate change, even based on moderate warming models, will top $400 trillion in economic losses.

If that figure isn’t startling enough, then consider the additional $43 trillion in damages that we’ll see in the next few decades just from the additional release of CO2 and methane from melting permafrost. That $43 trillion figure assumes all current emissions stay the same, or even fall slightly. If emissions continue to rise, that $43 trillion number is going to climb rapidly.

'Greater Public Scrutiny' Needed of Secret US-EU Trade Negotiations, MPs Warn

The debate over the controversial Transatlantic Trade and Investment Partnership (TTIP) continues to suffer from a lack of transparency, warns a report by the UK Business, Innovation and Skills (BIS) Committee.

The secretive nature of the negotiations between the European Union and the United States on this major free trade deal has resulted in an “oversimplification and misrepresentation of arguments on both sides” the Committee concludes.

Adrian Bailey, Chair of the BIS Committee said: “More detail needs to be made available to allow greater public scrutiny of this extensive trade agreement.”

Contrary To BP PR, Most Oil Spill Claims Are Legit

For more than a year, oil giant BP has waged a massive public relations battle to convince Americans that the company has been bamboozled by the oil spill claims process relating to the 2010 Deepwater Horizon oil rig blowout.

This BP PR campaign has involved full-page newspaper ads paid for by the company suggesting it is being swindled by Gulf Coast residents who were not affected by the oil spill. BP spokesepeople have appeared in the media to argue that the claims process has been “absurd.” And evidence even suggests that the company has employed online “trolls” to attack legitimate victims on social media websites.

BP has spent hundreds of millions of dollars on this PR blitz, all because they want to avoid paying out any more claims to Gulf Coast residents. But the problem the company is running into now is that independent investigations have shown that the claims process is not rife with fraud, as BP has claimed.

At least 99.5% of the claims that have been filed are legitimate, according to an audit.

US Chamber Predicts Economic Apocalypse From New Carbon Rules Despite Opposite Reality

It has been less than a week since the EPA announced new rules for carbon emissions — rules that are being heralded as the most comprehensive effort to tackle climate change by any sitting U.S. president — but big business groups have been spreading misinformation about these new rules for weeks.

Leading the charge against the administration’s proposals is the U.S. Chamber of Commerce, the largest business interest group in the country, and arguably the most well-funded. 

Just days before the new rules that will limit the amount of carbon that existing power plants can release were made public, the Chamber released a report predicting that any form of carbon regulation would result in economic chaos for the United States.  And this all happened before the Chamber even know what the rules would actually say.

The Chamber’s report issued these dire warnings to Americans, summarized by Think Progress:

Their study determined that it would cost American industry $28.1 billion annually to comply with EPA’s new regulations, that as many as 224,000 jobs would be lost between now and 2030, that the economy would average $50.2 billion lower a year, that Americans would cumulatively pay $289 billion more for electricity over that period, and that they’d lose $586 billion in disposable income.

The U.S. Chamber is attempting to strike at the heart of American fears that it will cost them dearly.  Whether it is their job or their hard-earned money, the Chamber wants Americans to be afraid of losing everything they’ve worked so hard to achieve in life.

Back in the land of reality, the Chamber’s claims are easily debunked.  To start with, as we’ve previously discussed here on DeSmogBlog, safety regulations create jobs rather than destroy them.  Even energy industry CEOs have been willing to admit that this is true in recent years.  The EPA’s estimates show that the new standards will create tens of thousands of new jobs, and the administration’s commitment to invest more in renewable energy will add hundreds of thousands of jobs, thus resulting in a net gain of U.S. jobs.

Facing the Facts: Climate Change Is Bad For Business

As leaders of the industrialized world continue to squabble at home over how to address the threat of climate change – and even as they battle internal factions who don’t believe the science of climate change – one group of leaders has come out in favor of swift, comprehensive action to prevent global catastrophe.  Those leaders come from some of the largest businesses on the planet.

Just one year ago, Hurricane Sandy hit the Northeast with a force not seen in the region in decades.  In the aftermath, shipping and distribution of goods in and out of the Northeast was severely disrupted.  The costs of these disruptions, as well as the physical damage from the storm, are projected to cost the U.S. economy $20 billion

Sandy served as a wake up call to business leaders, as it highlighted how grossly unprepared they are in the face of climate change related disasters.  In the Midwest, floods and wildfires in recent years have also impacted the business supply chain, costing untold millions worth of economic activity.

But many within the business community understood what was happening, and what it means for the future of business.  They know that, at the end of the day, climate change is bad for business.

US Chamber Rejoices As Courts Rule For Polluters

Earlier this week, an appellate court in Washington, D.C. ruled that the U.S. Environmental Protection Agency (EPA) had overstepped their authority with their Transport Rule that was put in place to reduce the amount of air pollution being spewed from coal burning plants. The rule would have put stringent limits on the amount of pollution that was being emitted and carried across state lines by weather.

The Courier-Journal has more:

A panel of the U.S. Court of Appeals for the District of Columbia Circuit found in a 2-1 ruling that the EPA, in its so-called “Transport Rule,” had required too much pollution cutting when regulating power plants in 27 upwind states.

In looking at the rule’s “good neighbor” provisions under the Clean Air Act, the court found the EPA did not allow states time to reduce pollution on their own before taking its own action.

The EPA’s own estimates show that the rule could have prevented as many as 15,000 heart attacks a year, 19,000 emergency room visits, and would have reduced sulfur dioxide emissions by 73% and nitrogen oxide emissions by 54%. Both of those are known lung irritants.

Wasting no time, the U.S. Chamber of Commerce sent their astroturf division out to tout the court’s ruling as a victory for businesses, and for America. The Institute for 21st Century Energy, the Chamber’s energy front group, released the following statement from their president, Karen Harbert:

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