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Corporations That Fail To Reduce Carbon Will Face Stock Depreciation & Devaluation

The researchers further determined that the failure of companies within the emission-intensive sector to take carbon reduction actions could start negatively impacting the general stock market in as little as 10 years' time. "Over the long-term, companies from the carbon-intensive sectors that fail to take proper recognizable emission abatements may be expected to experience fundamental devaluations in their stocks when the climate change risk gets priced correctly by the market," said lead author Mingyu Fang, a PhD candidate in Waterloo's Department of Statistics & Actuarial Science. "More specifically for the traditional energy sector, such devaluation will likely start from their oil reserves being stranded by stricter environmental regulations as part of a sustainable, global effort to mitigate the effects caused by climate change.

Climate Emissions From Gulf Coast’s New Petrochemical, Oil And Gas Projects Same As 29 New Coal Power Plants

In the last six years, officials in Texas and Louisiana issued permits allowing 74 petrochemical, oil, and gas projects to pump as much climate-warming pollution into the atmosphere as running 29 coal-fired power plants around the clock, according to numbers released September 26 by the nonprofit watchdog Environmental Integrity Project. And construction appears to be speeding up, with over 40 percent of those projects permitted between 2016 and mid-2018. The 31 most recent projects combined will add 50 million tons of greenhouse gases — equal to 11 new coal-fired power plants — to the world’s atmosphere in a year, the watchdog adds. Environmentalists pointed to the risks that climate change poses to Gulf Coast states...

Peak Carbon Emissions By 2020, Or Else!

That’s the message from the IPCC (Intergovernmental Panel on Climate Change), which has come out from under the shadows of Paris 2015 swinging like a heavyweight champion boxer, and in fact they’ve taken the gloves off in preparation for bare-knuckled fisticuffs. The world’s leading scientists met at the Forty-Eighth Session of the IPCC and First Joint Session of Working Groups I, II, and III, 1-5 October 2018 in Incheon, Republic of Korea and openly declared that civilization is on track for collapse because of reckless use of fossil fuels, unless the beast is corralled, meaning start reacting now, no more waiting around! Peak emissions must be achieved by 2020, a slap in the face wakeup call issued by the gathering of scientists in South Korea...

Capturing CO2 From Air: To Keep Global Warming Under 1.5°C, Emissions Must Go Negative, IPCC Says

The UN's latest global warming report made it clear that if the world is to avoid the worst impacts of climate change, society urgently needs to move away from fossil fuels completely. But to keep the planet from warming more than 1.5 degrees Celsius, the report says, we'll also have to figure out how to undo some of the damage that's already been done. "Given our current knowledge, we can't get to 1.5 degrees without removing carbon from the atmosphere and storing it," said Kelly Levin, a senior associate at the World Resources Institute. With 1.5°C of warming just around the corner, the UN Intergovernmental Panel on Climate Change (IPCC) considered several solutions for removing CO2 from the air—some as simple as planting more trees...

IPCC: Radical Energy Transformation Needed To Avoid 1.5 Degrees Global Warming

Without a radical transformation of energy, transportation and agriculture systems, the world will hurtle past the 1.5 degree Celsius target of the Paris climate agreement by the middle of the century, according to a new report from the Intergovernmental Panel on Climate Change. Failing to cap global warming near that threshold dramatically increases risks to human civilization and the ecosystems that sustain life on Earth, according to the documents and summaries released Oct. 8. To keep warming under 1.5°C, countries will have to cut global CO2 emissions 45 percent below 2010 levels by 2030 and reach net zero by around 2050, the report found, re-affirming previous conclusions about the need to end fossil fuel burning.

City-Level Action Is The Right Way To Tackle Emissions

Countries seeking to meet Paris Agreement targets on CO2 emissions must get a grip on the amount of pollution produced at city level, according to researchers at the University of East Anglia (UEA). In a new study, published in Science Advances, the researchers set out a framework for gathering and analysing local information about how cities contribute to pollution levels, and show how these insights could be used to target climate mitigation initiatives most effectively. Using China as a model, the team has compared emissions data from 180 cities across the country, looking at the industrial make-up of each city, its socioeconomic profile, and the types of energy produced and consumed. The researchers used the data to classify cities according to different levels of industrial development and worked out the potential for emission reduction amongst the different groups.

Can We Stop FERC From Rushing Us Toward Climate Catastrophe?

It could be argued that, outside of the companies involved in the actual extraction, transmission and sale of fossil fuels, no group of people on Earth can take as much responsibility for our current climate catastrophe as the commissioners at the Federal Energy Regulatory Commission (FERC). In 1977, FERC was established to regulate national energy policy independently of Congress and even, to a great extent, the president. The commissioners are nominated by the president and then confirmed by the Senate. Under the Natural Gas Act (1938), FERC reviews interstate pipeline applications for “convenience and necessity,” as well as compliance with the National Environmental Policy Act (NEPA).

17 States Sue EPA Over Auto Emissions Standards Rollback

A coalition of 17 states and the District of Columbia sued the Environmental Protection Agency on Tuesday, asking a federal court to block a Trump administration attempt to weaken automobile emissions standards. The states, led by California Attorney General Xavier Becerra, argue that a recent EPA decision to revise the Obama-era emissions rules was made without clear reasoning or evidence to support it and should be struck down. "The evidence is irrefutable: today's clean car standards are achievable, science-based and a boon for hardworking American families," Becerra said in a statement. "But the EPA and Administrator Scott Pruitt refuse to do their job and enforce these standards." The standards ratchet up fuel economy requirements for cars and light trucks through model year 2025.

America’s Biggest Beef Eaters Responsible For Large Chunk Of Climate Emissions

The biggest eaters of burgers, steaks and ribs contribute the largest hunk of diet-related greenhouse gas emissions in the United States, according to a new study that examined individual eating habits across the country. New research from the University of Michigan and Tulane University finds that 20 percent of American eaters accounted for nearly half of total diet-related emissions, and that their diets were heavy on beef. If those people consumed fewer calories and shifted to a more moderate diet with less beef, that could achieve almost 10 percent of the emissions reductions needed for the U.S. to meet its targets under the Paris climate agreement, the researchers found. The study, published Tuesday in Environmental Research Letters, adds to a growing pile of evidence linking beef with high greenhouse gas emissions, but it is the first to look at what people ate...

“Do We Really Need to Fly?”: Meet Climate Scientists Walking Their Talk

Last December, atmospheric scientist Peter Kalmus ruffled some feathers when he called out 25,000 of his colleagues for flying to the American Geophysical Union's Fall Meeting. Being acutely aware of the worsening impacts from anthropogenic climate disruption (ACD) -- since it was, after all, his job -- Kalmus had already made some dramatic changes in his own life to reflect some of the steps he knew the larger culture needed to take. In 2010 he quantified his own carbon emissions and realized they were dominated by flying: More than three-quarters of his emissions were from flying alone. So, over the next two years he made an effort to fly less, and began to think of his airplane trips within the context of a warming planet. "In 2012, I was sitting on a plane -- the last flight I've taken -- and I had this strong, visceral sense that I didn't belong there, that I didn't want to continue being part of the problem," Kalmus told Truthout...

Fossil Fuel Emissions Set To Hit All-Time High In 2017

By Alexander C. Kaufman for The Huffington Post - Global carbon dioxide emissions from fossil fuels are surging again after staying flat for three years, climate scientists reported on Monday, a sign that efforts to rein in planet-warming gases still have a long way to go. Emissions from fossil fuels and industrial uses are projected to grow 2 percent this year, reaching 41 billion tons by the end of 2017, according to the report presented at the United Nations’ climate summit in Bonn, Germany. The increase was predicted to continue in 2018. Total greenhouse gas emissions remained level, at about 36 billion tons per year from 2014 to 2016, even as the global economy grew, which suggested carbon dioxide emissions had crested with the rise of renewable electricity sources and improved fuel efficiency standards. But emissions from fossil fuels will hit 37 billion tons this year, a report from the Global Carbon Project finds. The report draws from three papers in the journals Nature Climate Change, Environmental Research Letters and Earth System Science Data Discussions. “This is very disappointing,” Corinne Le Quéré, director of the Tyndall Centre for Climate Change Research at the University of East Anglia, said in a statement. “We need to reach a peak in global emissions in the next few years and drive emissions down rapidly afterwards to address climate change and limit its impacts.”
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