Embedded Files
Fatal Calculations – How Economics Has Underestimated Climate Damage and Encouraged Inaction 0420.rtf - The world is currently on a path of 3–5°C of warming, according to the World Meteorological Organization (Reuters 2018). The damages may be so large as to be unquantifiable.
In 2019, Johan Rockström, the head of one of Europe’s leading research institutes, warned that in a 4°C-warmer world, it would be “difficult to see how we could accommodate a billion people or even half of that.... There will be a rich minority of people who survive with modern lifestyles, no doubt, but it will be a turbulent, conflict-ridden world” (Gaia 2019).
In fact, 4°C is “incompatible with an organized global community, is likely to be beyond ‘adaptation’, is devastating to the majority of ecosystems, and has a high probability of not being stable” according to Prof. Kevin Anderson (Roberts 2011). 8 years ago, the World Bank reported that “there is no certainty that adaptation to a 4°C world is possible” (World Bank 2012).
Social breakdown... countries disappearing...global conflict... billions dead. At 4°C of warming, the damages, for all practical purposes, are beyond quantification. They are infinite.
In 2019, Johan Rockström, the head of one of Europe’s leading research institutes, warned that in a 4°C-warmer world, it would be “difficult to see how we could accommodate a billion people or even half of that.... There will be a rich minority of people who survive with modern lifestyles, no doubt, but it will be a turbulent, conflict-ridden world” (Gaia 2019).
In fact, 4°C is “incompatible with an organized global community, is likely to be beyond ‘adaptation’, is devastating to the majority of ecosystems, and has a high probability of not being stable” according to Prof. Kevin Anderson (Roberts 2011). 8 years ago, the World Bank reported that “there is no certainty that adaptation to a 4°C world is possible” (World Bank 2012).
Social breakdown... countries disappearing...global conflict... billions dead. At 4°C of warming, the damages, for all practical purposes, are beyond quantification. They are infinite.
2016-2026 Articles
2016-2026 Articles
Asia Heat Waves Spell Double Trouble for Economies Hit by Oil 0526.rtf - Disruption of fertilizer deliveries, mostly from the Middle East, combined with climate uncertainty that brings soaring temperatures and dry weather, drives up food costs (inflation).
A Hotter World Will Be Pricier 0426.rtf - Extreme heat in 2022 [+5.7°C in some places] raised European food prices by an estimated 0.7% that year, nudging overall inflation up by about 0.3%.
Global Economy Must Move past GDP to Avoid Planetary Disaster - UN Chief 0226.rtfFlawed Economic Models Mean Climate Crisis Could Crash Global Economy 0226.rtfGreen Energy Sector Drove over 90% of China’s Investment Growth in 2025 - 0226.rtfEnvironmental Accountants Figure Out How Nature Contributes to the Economy 0126.rtfChina - The Reluctant Climate Leader 1125.rtfThe Real Winners of Trump Attack on Clean Energy Aren’t American 1025.rtfForcing Dirty Power Plants to Stay Open Would Cost Americans Billions 0825.rtfHow Trump’s Big Beautiful Bill Will Raise Household Energy Costs 0625.rtfGOP Mega-Bill Could Undermine US Energy Production, Republicans Warn 0625.rtfTrump EPA’a Weakened Rules Projected to Cost $ Billions & 1,000s of Lives 0625.rtfTrump Administration Issues Rule Undermining Biden Car Fuel Efficiency Rules 0625.rtfInflation Reduction Act Repeal Harms State Economies, Raises Consumer Costs 0325.rtfJust How Many Jobs and GDP Dollars Do US Clean Energy Factories Create? 0525.rtfLSE Group Study Finds $1 Trillion Industry in Climate Adaptation 0525.rtfTrump’s Clean Energy Rollbacks Could Derail a Factory Boom 0225.rtfBritain’s Net Zero Economy Is Booming 0225.rtf‘Unfettered’ Gas Exports Would Harm U.S. Economy, Energy Secretary Warns 1224.rtfThe Climate Cost of Trump’s Tariffs 1224.rtfDebt Payments by Countries Most Vulnerable to Climate Crisis Soar 0624.rtfFossil Fuel Profits Can Easily Cover Climate Losses 1022.rtfHalf of World’s Fossil Fuel Assets Could Be Worthless by 2036 - 1121.rtfClick for moreWhat Climate Neutrality Will Cost Germany 0921.rtfG.M.’s Electric Car Push Could Put China in the Driver’s Seat 0221.rtfCoronavirus Crisis Could Cause $25 Trillion Fossil Fuel Industry Collapse 0620.rtfThe Green New Deal Is Cheaper than Climate Change 0919.rtfThe Climate Crisis Is Our 3rd World War. It Needs a Bold Response. 0619.rtfRenewable Energy Jobs in UK Plunge by 1:3 - 0519.rtfClimate and Economic Risks ‘Threaten 2008-Style Systemic Collapse' 0219.rtfCarbon Markets Pay Off for These States as New Businesses, Jobs Spring Up 0418.rtfAs Climate Costs Grow, Some See a Money-Making Opportunity 0418.rtfFossil Fuel Subsidies Are a Staggering $5 Trillion per Year 0817.rtfObama Emissions Rules Could Yield $300 Billion Annually by 2030 - 0817.rtfClimate Policies Could Boost Economic Growth by 5%, OECD Says 0517.rtfRenewable Energy Powers Jobs for Almost 10 Million People 0517.rtfWhile Ohio Coal Employment Falls, Solar Jobs Double in Cleveland Area 0317.rtfClean Energy Is Now as Big as Pharmaceutical Manufacturing in the US 0317.rtfThere Are Now Twice as Many Solar Jobs as Coal Jobs in the US 0217.rtfA Climate Change Economist Sounds the Alarm 0117.rtfCost of Global Warming ‘Is Worse than I Feared’ - Nicholas Stern 1116.rtfCon Ed Says Plan to Install Rooftop Solar Panels Will Aid Poor New Yorkers 1016.rtf10 Years On from the Stern Report - Low-Carbon Future Is ‘Only One Available' 1016.rtfMore Coal Plants Will Deepen Poverty - Not Cut It, Researchers Warn 1016.rtfClimate Change May Trigger Next Financial Crisis, Bank of England’s Fisher Says 1016.rtfGlobal Economy Could ‘Self-Destruct' if World Carries On Burning Fossil Fuels 1016.rtfCalifornia - Taking the Economic Temperature 10 Years after A.B. 32 - 0916.rtf$8 Trillion Disagreement over Cost to Rid America of Fossil Fuel 0816.rtfClean Energy Groups See Opportunities in Clinton's Jobs Plan 0716.rtfThe Coal Industry Collapsed—Is Oil Next? 0716.rtfCoal’s Price Seen Surging, as China Production Cuts Collide With La Niña 0716.rtfCanada's Energy Superpower Status Threatened, as World Shifts off Fossil Fuel 0516.rtfGlobal Water Shortages to Deliver ‘Severe Hit' to Economies, World Bank Warns 0516.rtf - 7-14% GDP losses, by regionAn Oilman’s $7 Billion Course in the Economics of Drilling and Climate Change 0316.rtfBy Fighting Rooftop Solar, Utilities Set Themselves Up for Worse to Come 0216.rtfSwitch to Clean Energy Can Be Fast and Cheap 0116.rtfExxon Sees a World with Less Carbon, with Higher-Cost Emissions 0116.rtfClimate Change Disaster Is Biggest Threat to Global Economy in 2016 - Experts 0116.rtfArch Coal, 2nd Largest Coal Miner in US, Files for Bankruptcy 0116.rtf
2015 Articles and earlier
2015 Articles and earlier
Cut Global Emissions by Cutting Fossil-Fuel Subsidies 1215.rtfParis Climate Accord Is a Big, Big Deal (2.8¢:kWh Wind & 4.2 Solar) 1215.rtfClimate Change Action Won't Kill the Economy after All 1215.rtfBig Oil, Make Way for Big Solar - the Winners and Losers in Paris 1215.rtfRich Nations' Fossil Fuel Subsidies Exceed Climate Aid by 40 to 1 - 1215.rtfSolar Power May Be Cheaper than Coal in India by 2020 - 1115.rtfPoor Nations Need Support to Cut Emissions from Farming 1115.rtfWarning - Oil Company Defaults Are Coming 1115.rtfWhy a Paris Climate Agreement Could Actually Be Very Good for the U.S. 1115.rtfHow to Stop Deforestation? Make ‘Good Stuff' Cheaper 0915.rtfCutting Greenhouse Gas Emissions Won't Slow Global Economic Growth 0915.rtfEnormous Social Cost of Cheap Coal 0915.rtfUS and Australian Taxpayers Pay Billions a Year to Fund Coal 0915.rtfClimate Benefits from Electric Car Equals $425, Study Says 0915.rtf - < $0 in coal states. Car battery’s cabin heat problem.These Clean Energy Investments Could Save the World’s Cities $ Trillions 0915.rtfThis Ohio Utility Has Plan to Save Coal Power - Force Customers to Buy It 0915.rtf$190 Trillion Spending to Slow Warming, vs $192 Trillion for Business as Usual 0815.rtfDeveloping Nations Need $133 Billion Geothermal Investment by 2030 - 0815.rtfWhy Wind and Solar Are Already Better Value than Fossil Fuels 0815.rtfThe Huge Hidden Costs of Our Fossil-Fueled Economy 0815.rtfCarbon Caps Help Northeast Economy 0715.rtfAl Gore Says Climate Change Fight Will Spur Global Economic Growth 0715.rtfEnergy Taxes Are Misaligned with Environmental Impacts of Energy Use 0615.rtfFormer BP Boss, Tony Hayward, Calls for an End to Fossil Fuel Subsidies 0515.rtfOil Industry Has Few Climate Skeptics, Favors Carbon Tax 0415.rtf$5.3 Trillion in Coal, Oil, Gas Subsidies Exceed Public Health Spending 0515.rtfNew Climate Deal Seen Aiding GDP, Lacking Sanctions - U.N. Chief 0515.rtfFossil Fuels Just Lost the Race Against Renewables 0415.rtfClimate Change Is a 'Fundamental Threat', World Bank Says 0415.rtfRenewable Energy Surge Revives Europe's Power Trade 0415.rtfUS Coal Industry Lost Nearly 50,000 Jobs in Just 5 Years 0415.rtfLimiting Climate Change Could Have Huge Economic Benefits 0315.rtfThe New Optimism of Al Gore 0315.rtfReport Just Shot Down Key Argument Against Pres. Obama’s Climate Plans 0215.rtf - no shortage of gas pipeline capacityOne Upside of Cheap Oil - Countries Are Ditching Their Fossil-Fuel Subsidies 0115.rtfSeize the Day - Tax Carbon, End Fossil Fuel Subsidies 0115.rtfThere Are About as Many US Solar Jobs as Coal Ones 0115.rtfToo Dirty For The USA - High-Pollution Fuels Exported 0115.rtf9 Reasons Not to Be Depressed about the Planet 1214.rtfSouth American Commodity Boom Drives Deforestation and Land Conflicts 1214.rtfStringent Emission Rules Change the Way Energy Is Delivered 1114.rtfChina Must Change Economy to Meet Climate Targets 1114.rtfEnergy Efficiency, Renewables Are Lowest Risk:Cost Utility Investments 1214.rtfCanada’s Green Energy Sector Jobs Surpass Total Oil Sands Employment 1214.rtfKeystone Left Behind as Canadian Oil Pours into U.S. 1114.rtf$550 Billion Fossil Fuels Subsidies Hurt Renewables 1114.rtfEconomic Benefits of Preventing Global Warming Open New Front in Debate 0914.rtfChallenging the Economics of Climate Solutions 0914.rtfThe Benefits of Easing Climate Change 0914.rtfGovernment Auditors Say 'Social Cost of Carbon' Is by the Book 0814.rtfHow Ignoring Climate Change Could Sink the U.S. Economy 0714.rtfThe Coming Climate Crash - Lessons for Climate Change in the 2008 Recession - Paulson 0614.rtfClimate Change to Hit Sovereign Creditworthiness - S&P 0514.rtfU.S. Electricity Prices May Be Going Up for Good 0414.rtfClimate Costs 'May Prove Much Higher' 0414.rtfCosts of Climate Change Steep, But Tough to Tally 0314.rtfCool Head on Global Warming 1113.rtfExtreme Weather In Canada in 2013 Cost Insurers Billions 0114.rtf'Liconomics'- China's Green Revolution Arrives 0813.rtfThe East is Grey 0813.rtfUS Carbon Price Backed by Independent Office 0513.rtfUnburnable Carbon - Grantham Inst. 0413.pdf - 40 pagesMicrowave Oven Rule Shows Obama’s Climate Policies 0613.rtfRise in Carbon Costs Used to Analyze Rules 0613.rtfFirms Own Unburnable Fossil Fuels 0413.rtfAsia's Soaring Energy Use Poses Major Economic, Climate, Health Risks 0413.rtfObama Budget Promises Action on Climate Change 0413.rtf - summary of the report belowIMF - Get Rid of $1.9T Fossil Fuel Subsidies 0313.rtfNew York State Sees Climate Change as Risk to Bondholders 0313.rtfClimate Risk to Nest Egg 0313.rtfBillionaire Plans Effort to Calculate Cost of Climate Inaction 0313.rtfClimate Action Could Halve Energy Firms' Net Worth 0213.rtfCarbon Price Hits New Low in EU 0113.rtfCurbing Climate Change Will Cost Only $700B a Year 0113.rtfClimate Change May Wipe Out Pensions Industry 0113.rtfCarbon Bubble Looms for Fossil Fuel Industry 1012.rtfTackling Climate Change Offers Economic Benefits 0412.rtfEnvironmental Impacts Cost 41% of Earnings 0212.rtfCarbon Markets Grew 68% in 2009 - 0110.rtfOutsourcing CO2 - 1209.rtfCarbon Offset Markets to Grow 4x by 2015 1109.rtfCarbon Market Worth $59B in Jan-Jun 2008 - 0708.rtf
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