Transition Brockville archive

Tag : Global warming (516)

Climate change to take big chunk of Canadian economy

Globe and Mail / Bob Weber / 22 April 2021

Canada will be more than $100 billion poorer by 2050 if the world doesn’t work harder to fight climate change, says one of the world’s largest insurers.

That anticipated drop in GDP is much higher than the economic effect the COVID-19 pandemic is projected to have on the country’s gross domestic product, said Jerome Haegeli, chief economist for Swiss Re, a multinational corporation that insures insurance companies, large corporations and governments.

“That’s huge,” Haegeli said from Zurich on Thursday.

[ FULL ARTICLE ]

‘Relentless’ climate crisis intensified in 2020, says UN report

The Guardian / Damian Carrington / 19 April 2021

There was a “relentless” intensification of the climate crisis in 2020, according to the UN’s World Meteorological Organization.

The coronavirus pandemic made the accelerating impacts of global heating even worse for millions of people. But the temporary dip in carbon emissions due to lockdowns had no discernible impact on atmospheric concentrations of greenhouse gases, the WMO report said.

Last year was ranked as the hottest on record, in a tie with 2016 and 2019, despite the cooling effect of the cyclical natural climate phenomenon, La Niña. Without this, 2020 would most likely have been the hottest year yet. The decade 2011-20 was the hottest on record.

[ FULL ARTICLE ]

Benefits of ‘drastic’ climate action outweigh costs: economists

CTV News / Patrick Galey / 30 March 2021

The cost of global warming will far outweigh the cost of rapidly cutting greenhouse gas emissions, more than 700 economists from around the world said Tuesday in an unprecedented call to climate action.

A major international survey found that nearly three-quarters of the economists responding believed that “immediate and drastic” action was needed to limit the fallout of climate change, warning that the costs of failing to slash carbon pollution would rapidly balloon to reach trillions of dollars every year.

[ FULL ARTICLE ]

Value(s) by Mark Carney – call for a new kind of economics

The Guardian / Will Hutton / 21 March 2021

In a mix of rich analysis mixed with pages that read like a dry Bank of England minute, he blames the three great crises of our times – the financial crash, the pandemic and the climate emergency (he is the UN’s special envoy on climate action and finance) – on twisted economics, an accompanying amoral culture, and degraded institutions whose lack of accountability and integrity accelerate the system’s dysfunction. Thus banks lost control of reality in a fantasy world in which balance sheets could grow exponentially without risk – another market would handle that – indulged by governments and regulators who believed that markets were always right. Then came the Covid pandemic, for which western governments were singularly unready, relying on dubious cost-benefit analysis rather than valuing what we as humans tend to – our lives and looking out for one another. The same mistake is being made with climate change.

[ FULL ARTICLE ]

‘Hot Money’: a dire warning on climate change, financial system

NBC News / 2 March 2021

Scientists are raising the alarm about the worsening impact of climate change, and a new documentary, “Hot Money,” is issuing a dire warning on the ripple effect that climate change could have on the financial system.

Mann: ‘Good people fall victim to doomism. I do too sometimes’

The Guardian / Jonathan Watts / 27 February 2021

The author and eminent climate scientist on the deniers’ new tactics and why positive change feels closer than it has done in 20 years

Michael E Mann is one of the world’s most influential climate scientists. He rose to prominence in 1999 as the co-author of the “hockey-stick graph”, which showed the sharp rise in global temperatures since the industrial age. This was the clearest evidence anyone had provided of the link between human emissions and global warming. This made him a target. He and other scientists have been subject to “climategate” email hacking, personal abuse and online trolling. In his new book, The New Climate War, he argues the tide may finally be turning in a hopeful direction.

[ FULL ARTICLE ]

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