Climate Letter #469

The Islamic climate declaration has been released. This post reviews its contents, methodology and a number of reactions, all of which view it as sensitive and constructive.  The thesis is supported with many quotes from the Qur’an, and even treats Prophet Muhammad as something of an environmentalist.

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Climate change in the Middle East.  This piece by Thomas Friedman in the NY Times provides an account of extreme conditions in a part of the world that is mostly dominated by Muslim populations.  No mention is made of the newly released Islamic declaration, reviewed above, but it is obvious that people who are being “smacked in the face” by climate change should be unusually responsive.  Government policies could thus be influenced more quickly than anyone has imagined.
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An objective report on the economics involved in making a massive shift to renewable energy.  This was done by Citigroup, an investment banking giant, showing an undiscounted positive return on initially heavy investment by 2040.  The cost of a failure to act is also analyzed, showing global GDP shortfalls rising far into the trillions as temperatures move past 2C increases.  Work of this type should at least be studied by government policy makers, with clear reasons offered if they do not find it acceptable.
Separately, here is how Citigroup is advising its clients about the future of the coal industry:
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A major development in LED lighting technology.  This invention might very well be the perfect solution to the need for high efficiency, high quality lighting at low cost.  “Experiments with some materials have shown that the team’s technology can cut LED costs by as much as 90 percent from current methods that rely on rare-earth elements.”
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Charging electric vehicles while you drive will be given a real test.  The British government will be spending 500 million pounds over five years on a demonstration project that seems like something out of science fiction.
Carl

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