Study: Social cost of carbon emissions much higher than what U.S. is using

New study finds incredibly high carbon pollution costs – especially for the US and India, Guardian, October 1, 2018, and Climate change will cost U.S. more in economic damage than any other country but one, Inside Climate News, September 24, 2018. A study (abstract only) by an international team of researchers uses social costs of carbon calculations to estimate how …

Greener growth could add $26 trillion to world economy by 2030. Why Aren’t We Doing It?

Low-Carbon Growth Is a $26 Trillion Opportunity. Here Are 4 Ways to Seize It. By Andrew Steer, Helen Mountford and Molly McGregor at WRI.org- September 05, 2018  Solar panels and wind turbines. Photo by Kenueone/Pixabay We are on the cusp of a new growth era, one where growth is driven by the interaction between rapid technological innovation, sustainable infrastructure investment and increased resource productivity.  Ambitious climate …

The simple arithmetic of carbon pricing and stranded assets (2018)

Energy Efficiency  March 2018, Volume 11, Issue 3, pp 627–639| The simple arithmetic of carbon pricing and stranded assets by Frederick van der Ploeg Armon Rezai  Open Access 20 December 2017   Energy and Climate Economic Modelling  Abstract A simple rule for the optimal global price of carbon is presented, which captures the geophysical, economic, and ethical drivers of climate policy as well as the effect of uncertainty about future growth of consumption. There …

How inequality creates the social and political divisions that isolate us from each other, eroding our mental health

By Kate Pickett, Richard Wilkinson on Common Dreams and OpenDemocracy.net, 14 Aug 2018 We’ve known for a long time that inequality causes a wide range of health and social problems, including everything from reduced life expectancy and higher infant mortality to poor educational attainment, lower social mobility and increased levels of violence.(Photo: Flickr/mSeattle. CC BY 2.0.) When people are asked what matters most for their …

The benefits of distributed storage would well exceed its costs, yielding $2-3 of grid savings for each dollar spent

According to a recent study, the benefits of distributed storage would well exceed its costs, making storage a cost-effective resource that utilities must employ under Massachusetts law. The benefit/cost findings may be applicable in other states, to the extent that the Massachusetts grid is representative of other grids nationwide. By William Driscoll in PV Magazine, 24 Aug 2018 Image: Flickr  A …

Properties exposed to rising sea levels sell at a 7% discount to comparable properties not subject to climate-related risk

By David Morris, 21 Apr 2018, Fortune.com, Climate Change Is Already Depressing the Price of Flood-Prone Real Estate New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change makes coastal communities untenable. …

NYC can expect a Hurricane Sandy-like flood every 5 years if we turn around fossil fuel use now (1.5 C) or three per decade if temps rise around 2 C

The study found that New York City can expect two Hurricane Sandy-like floods per decade by the year 2100 if global temperatures rise 1.5 degrees Celsius above pre-industrial levels, and three such events per decade if temperatures rise to 2.0 and 2.5 C. Credit: DJ Rasmussen, Princeton University The 2015 Paris climate agreement sought to stabilize global temperatures by limiting …

Security risk: retired admirals and generals say climate change is putting key military facilities at risk of costly damage that could knock out critical operations for weeks

Also, in this morning’s Washington Examiner, FedEx CEO Fred Smith and former Commandant of the Marine Corps, General James T. Conway, articulate both why and how to strike a deal that serves America’s interests. They write:  The reopening of the midterm evaluation of fuel efficiency standards has created an opportunity to strengthen and modernize the fuel economy regime. As technology offers a …