How the benefits of climate action may outweigh the costs

For two economists, the probability of true catastrophe due to human-caused global warming prompted them to write “Climate Shock: The Economic Consequences of a Hotter Planet,” which examines looming dangers and possible solutions. Economics correspondent Paul Solman takes a look at how we might weigh the costs and benefits of taking serious action to prevent…

Study: 2°C target at risk, without moving subsidies (Updated)

The study, Energy investments under climate policy: A comparison of global models, published in the journal Climate Change Economics (DOI: 10.1142/S2010007813400101 | 2013) explored global energy spending and concluded that low-carbon energy and energy efficiency investments of about 1.1 trillion annually are required, to meet the emissions reduction targets to keep the world below 2°C. In context, additional $0.8…

Conservative Senator Calls out Hypocrisy of Fossil Fuel Incentives

Published on Apr 3, 2014 Senator Grassley on the importance of renewing the wind energy PTC absent comprehensive energy tax reform. Senator Charles Grassley is known to be a long time fiscal conservative Republican Senator from Iowa. Obviously, the size and scope of the Iowa wind industry belies the anti-renewable propaganda of the science denial…

Spot on! Michael Mann: The irreversible impacts from Climate Change

Mann’s interview starts at 15 minutes in. Mike Mann discusses his new piece in Scientific American, which outlines critical thresholds in climate warming in the not-too-far-off future, based on the sensitivity of Earth climate. Scientific American: Most scientists concur that two degrees C of warming above the temperature during preindustrial time would harm all sectors of…

EU could afford to lead international climate action

Late-comers face a clear trade-off between lower short term costs and higher transitional challenges PIK (Potsdam Institute for Climate Impact Research) 03/19/2014 (Translation: Artikel in Deutsch) – This week, the heads of the EU member states will meet in Brussels to discuss the adoption of a 40 percent greenhouse gas reduction target for 2030. Despite…