An analysis of CO2 emissions growth in China, setting a new high in 2018. This data (from Greenpeace) is closely watched because China is by far the largest contributor to the global trend, and no one can be quite sure of where national policies will take it from here. Last year proved to be a setback for a declining trend in its rate of growth, but there are reasons for hoping that was only temporary.
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Our society remunerates people who do exactly the wrong things. This article from Carbon Tracker is about incentives given to executives in the oil and gas industry who achieve maximum rates of growth in production, sometimes at the expense of shareholder returns. It struck me as an eye-opener, because the same principles apply to our entire system of corporate achievement. There is a quest for growth of practically everything at the highest possible rate, and whenever it is achieved the rewards are great for, not just executives, but also shareholders, their brokers and money managers, etc. That may be a good practice during development stages of an economy when growth is really needed, but becomes counterproductive by draining valuable natural resources (not to mention overextending of debt) when there are larger reasons for scaling back.
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When will we see the first ice-free Arctic Ocean in the month of September? A new study explains why it may come earlier than the standard forecast, which is around mid-century. There are models that could bring that forward to as early as 2030, mainly dependent on long-term phases in temperature affecting the tropical Pacific Ocean, by a process known as the Interdecadal Pacific Oscillation, or IPO. The phases are not easy to predict, but there are some indications of a warm phase being close at hand. It would influence not just the Arctic Ocean but global averages as well, as it has in the past.
–Note: A study published early in 2015 connected the IPO to the long hiatus in global temperatures and came to this conclusion: “Recent history suggests that the IPO could reverse course soon. Should that happen, we may see accelerated global warming rates in the coming decades.” Here is a reference:
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The US congress is completely polarized over environmental issues (The Hill). This “score card” was assembled by the League of Conservation Voters, and the numbers are even more lopsided than I would have guessed. Regular party voters are surely not that far apart, or are they, because of one man’s dominating effect?
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How sea level rise is affecting property values on the US east coast (Inside Climate News). “The analysis, published Wednesday by First Street Foundation, estimates that property value losses from coastal flooding in 17 states were nearly $16 billion from 2005 to 2017. Florida, New Jersey, New York and South Carolina each saw more than $1 billion in losses…..This isn’t a forward-facing issue…..It’s something that’s been occurring. It’s something that’s affecting people’s homes now.”
Carl