Region: International
Climate Change and the Financial Industry
How is one of the world’s largest industries responding to climate change?
As of 2018, the U.S. financial industry contributed $1.5 trillion to GDP. How is the financial sector responding to climate change? The short answer is “slowly so far, but there are signs of progress.” For instance, just last Friday, the NY Times reported that European Central Bank began a strategy review with climate change on …
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CONTINUE READINGAntacids for the Sea: Artificial Ocean Alkalinization
A potential tool for adaptation and carbon removal, but more research is needed.
The carbonate cycle helps make the oceans one of the largest carbon sinks on the planet. As the oceans’ surface waters mingle with the open air, they absorb enormous amounts of carbon dioxide (CO2), storing it in the water as carbonic acid and carbonates and as limestone on the seafloor. The carbonate cycle is a …
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CONTINUE READINGDeciding a Climate Case in the Shadow of the Supreme Court
Juliana Judges Surely Had The Higher Court in Mind in Drafting Their Decision
The irony of the Ninth Circuit decision dismissing the Juliana v. United States case this week is plain to see. Two branches of government — the legislative and executive – have failed to act to address an environmental problem that may cause the destruction of the federal government itself. The third branch, the judiciary, recognizes the …
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CONTINUE READINGThe Real Lesson From Madrid’s Failed Climate Conference? Spain’s Success On Urban Quality of Life & Carbon Emissions
Southern European nation excels at walkability, reduced emissions & resident happiness
The UN climate conference in Madrid last month may have ended poorly, but conference attendees had a big success story right in front of them in the host country. Spain’s success achieving efficient – and enjoyable – land use and transportation outcomes is a model other countries and states should emulate to address climate change. …
CONTINUE READINGWe Can’t Count on Cutting Greenhouse Gas Emissions to Prevent Dangerous Climate Change
Although reducing emissions remains essential, it is time to focus on additional responses
Last month, representatives of all countries gathered for their annual meeting to prevent climate change. Despite the motto “Time for Action,” the New York Times described it as “one of the worst outcomes in a quarter-century of climate negotiations.” Should we be surprised? Disappointed? Despairing? I believe that insufficient cuts in greenhouse gas emissions — …
CONTINUE READINGA Continent on Fire Ignores Climate Change
Conditions in Australia keep getting worse. The government offers platitudes.
Australia is remarkably exposed to climate change and remarkably unwilling to do much about it. Conditions keep getting worse. Yet climate policy in Australia has been treading water or backpedalling for years, as I discussed in an earlier post. Let’s start with the temperature. The Guardian reports that in the year up to July 2019, …
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CONTINUE READINGGifts We Receive Daily
Our everyday gifts: a livable climate, clean water and air, and biodiversity.
This is a time of year when by religious tradition or secular custom, many people exchange gifts. It’s worth remembering that we also reach receive daily gifts in the form of what economists call public goods. I thought it might be worth reposting some Holiday Season musings on that subject. After all, the holiday season …
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CONTINUE READINGWhither Climate Ambition
China can lead the way in 2020, but will it?
China, the world’s largest carbon emitter, has the opportunity to enhance global ambition on climate change action this coming year in the run-up to COP26 in Glasgow, Scotland. The question is whether it will do so. I attended COP25 in Madrid this month with colleagues and students on behalf of UCLA’s Emmett Institute on Climate Change and …
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CONTINUE READINGNetherlands’ Supreme Court Demands More Emissions Cuts
However, today’s ruling will likely have little direct impact
Today the Netherlands’ supreme court sided with an environmental organization and ruled that the Dutch government has an obligation to reduce greenhouse gas emissions more aggressively. This is being widely praised by environmentalists and others concerned about climate change. However, this historic ruling will likely have little impact on actual emissions, at least directly. At …
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CONTINUE READINGPost-Madrid, China And California Have An Opportunity To Lead
As international climate action falters, the two climate leaders can fill the void
Note: this post is co-authored with Fan Dai, director of the University of California’s California-China Climate Institute. With the high-profile failure of last week’s UN climate conference in Madrid, the focus of international action on climate change will need to shift to political leaders of key global economies. We attended the conference in Madrid on …
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