For 45 years skeptics have been losing that bet and each decade costs more and more.
Yep, for 45 years skeptics have been overwhelmed in the political arena and each decade the remedial measures cost more and continue to not achieve anything.
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Yep, for 45 years skeptics have been overwhelmed in the political arena and each decade the remedial measures cost more and continue to not achieve anything.
God bless one more victory for supply side economics.
Who’da thunk we could be so screwed up some people would be proud of that?
Demand side econ makes the wealthy wealthier while balancing the budget. I guess caring that the real GDP growth is high makes no sense? What next? Oh I forgot the goal is nothing and bragging rights for retirees about their working days.
It’s not unusual for these to be found in glacial ice. As you know, glaciers move (slowly) from their head on high ground to their foot at lower ground. So the items were likely left on the glacier, buried inside the glacier by snow in the next couple of years, then travel with the glacier to the foot where they are revealed.
That works for some things. Most glaciers are moving.
Not so much for trees that are still rooted in spite of having been covered by gravel and ice for circa 1000 years. https://www.mentalfloss.com/article/503309/8-amazing-things-… (see #2 in list).
And some years ago I read of a Celtic tribe’s gold mine in the Alps that had been exposed by retreating glaciers; I doubt if the glaciers moved that very far either. But now I’m not finding a reference to it. (Doesn’t help that it seems there are some mountains named “Alps” on practically every continent, plus New Zealand and a few other islands.)
Where does this betting happen and how are outcomes adjudicated?
Every vote you cast, every consumer choice you make, and every investment you make is a bet on the future of the planet. Every post you make on climate change is kibbitzing at the table. The outcome is adjudicated by mother nature and the cost is floods and droughts and heat waves and sea level rise, lives and treasure.
If you want market action, you can invest in individual companies that have a stake in future CO2 levels or will be impacted by climate change. You can buy and short etfs such as iShares MSCI ACWI Low Carbon Target ETF (CRBN), BlackRock’s U.S. Carbon Transition Readiness ETF (LCTU), BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD), KraneShares California Carbon Allowance ETF (KCCA), KraneShares European Carbon Allowance Strategy ETF (KEUA), and KraneShares Global Carbon ETF (KRBN).
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Maybe, just possibly, CO2 is being given a bum rap.
Maybe. But probably not.
I’ll trust the climate scientists over wild speculation.
—Peter
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Maybe, just possibly, CO2 is being given a bum rap.
Maybe. But probably not.
I’ll trust the climate scientists over wild speculation.
—Peter
Agree, however after noticing the very high number on my recent birthday card I’m convinced it won’t matter to me much longer. }};-@
I try to limit my personal effect but can’t help but shudder at the weirdness of people against obvious answers such as Wind and Hydro where available and tearing down perfectly good nuclear power plants because they personally dislike the technology?
Solar in Canada has mostly been a Boondoggle, it just doesn’t work very well with half a meter of snow on the panels … no matter how much public money is thrown at it? This of course makes it seasonal and therefore not reliable enough to run the economy on.
I’m now convinced that we humans have wreaked this planet beyond repair and probably won’t find a similar one to move to in time?
Oh well, we had a pretty good run.
Anymouse
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We have had a pretty good run. Now, we are likely to see heretofore unwitnessed mass extinctions, possibly including us.
I take solace in the fact that in a relatively short 500,000 to 1,000,000 years the planet will be repopulated with new species and made whole. Continents will come together and move apart again, and climactic cycles will be slowed to a more normal pace.
It is my fervent hope that it is not revisited by another “intelligent” species.
fd
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Agree, however after noticing the very high number on my recent birthday card I’m convinced it won’t matter to me much longer.
They no longer recommend lighting candles on my birthday cake as that act alone is a major contributor to global warming.
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Every vote you cast, every consumer choice you make, and every investment you make is a bet on the future of the planet. Every post you make on climate change is kibbitzing at the table. The outcome is adjudicated by mother nature and the cost is floods and droughts and heat waves and sea level rise, lives and treasure.
I’ll take US$, otherwise no bet!
The Captain
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If you want market action, you can invest in individual companies that have a stake in future CO2 levels or will be impacted by climate change. You can buy and short etfs such as iShares MSCI ACWI Low Carbon Target ETF (CRBN), BlackRock’s U.S. Carbon Transition Readiness ETF (LCTU), BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD), KraneShares California Carbon Allowance ETF (KCCA), KraneShares European Carbon Allowance Strategy ETF (KEUA), and KraneShares Global Carbon ETF (KRBN).
ETFs are ‘products’ designed to take a cut of the action. I happen to be long two of the most visible “climate crisis” stocks not because they are “climate crisis” stocks but because they are good $$$$$$$$ investments. I don’t invest in Greta Whatshername cartoon stocks.
The Captain
Fiction:
Solar in Canada has mostly been a Boondoggle, it just doesn’t work very well with half a meter of snow on the panels … no matter how much public money is thrown at it? This of course makes it seasonal and therefore not reliable enough to run the economy on.
=============================================================
Facts:
CANADA SOLAR ENERGY MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECAST (2022-2027)
https://www.mordorintelligence.com/industry-reports/canada-s…
Canada has substantial solar energy resources due to its vast area. In Canada, solar power generation has registered significant growth since 2010, with total installed capacity increasing from 221 MW in 2010 to 3,325 MW at the end of 2020. Canada’s most valuable resources for solar generation are Alberta, Manitoba, Ontario, and Saskatchewan. ?
However, the solar potential in Ontario is significantly exploited. As of 2020, more than 96% of Canada’s solar power generation capacity was in Ontario, as many of the regulations have historically been limited to only Ontario. However, several other solar PV projects are upcoming in other provinces, such as Alberta, Quebec, and British Colombia.
In May 2021, the country commissioned the Claresholm Solar PV farm with 132 MW capacity located in Southern Alberta. The project comprises approximately 477,198 photovoltaic solar panels and supplies power for 33,000 households in Alberta.
In February 2020, Greengate Power Corporation and Copenhagen Infrastructure Partners signed an agreement to develop and construct the Travers Solar PV Project in Alberta. Travers Solar is expected to be Canada’s largest operating solar energy project, with an estimated capital cost of approximately CAD 500 million and a total generating capacity of 465 MW. Construction of the project commenced in 2020, with full commercial operations targeted at the end of 2022.
Furthermore, to support solar development in the country, the Government of Canada took two key strategic approaches: the first is to accelerate the deployment of solar power in Canada, and the second aims to exploit solar energy’s potential, supporting both on-grid and off-grid installations and driving the solar energy market in the country.
Jaak
P.S. - Nothing wrong with having hydro, wind and solar. Snow does not cover solar panels 6 month of the year so it can provide lots of electricity. Even when there is 1-4 centimeters of snow on a panel it still produces electricity. Canada has more solar potential than Southern France per square meter in Southern areas of Alberta, Manitoba, and Saskatchewan.
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They no longer recommend lighting candles on my birthday cake as that act alone is a major contributor to global warming.
Around the time the number of candles started to seem excessive, I ruled (to my then middle/high school sons) that henceforth my candles were to be in binary: so one color (e.g. blue) for ‘yes’ and another (e.g. red) for ‘no’
Hence, for my 50th birthday it was (32+16+no+no+2+no). Six candles.
It’s my job as their father to be arbitrary and dogmatic, after all
–sutton
(if they still need me, if they still feed me: next year, seven candles)
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Without getting into the politics of this discussion, I can only say that it is unbelievably dry in Europe this year.
Sunny warm weather in mainland Europe normally starts between early April and early June. This year started early. For April and May, the weather was glorious. It continued through June, but then it got too hot with the first heat wave with temperatures near 100 F. Two more rounds of extreme heat came through in July and again in early August. In a typical year, there might be a handful of nights when you can stay outside until midnight wearing a t-shirt. This year, it has been almost every night since about June 15.
Through it all, there has been almost no rain aside from a couple brief cloud bursts. There has been no dew on the grass in the morning. The lawns and fields across Belgium and Luxembourg are golden brown like the hills of California in September. Small fires break out almost every week, and locally we’ve been fortunate that none of them have gotten out of control.
There are a whole range of knock-on effects. Parts of some rivers like the Rhine have become too shallow to navigate, so barge traffic is disrupted. Fires rage across so much of France that they have insufficient firefighting planes. Agriculture, which is critically needed to compensate for lack of supply from Ukraine, is struggling as fields are burnt and brown. Houses are cracking as huge fissures open in the ground underneath.
It was supposed to rain for several hours last night. Instead we got about a 20 minute sprinkle. Maybe some rain later this week, but the forecast “dries up” every time I look at it. Instead of 5-7 days of rain, now it says only 2 days and lower chances.
Of course, last year was the opposite. Non-stop rain through April, May, June and July which led to record floods and $ billions in destruction.
Ignoring whether it is caused by human activity or if there is anything to be done about it, if these extreme weather events are the new normal, there is no doubt we will need to re-think our preparedness in many ways. But make no mistake, it is unusually, historically dry across Europe this summer.
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How are the people preparing for the winter in your area? Are they buying electric heaters? Is natural gas going to be in short supply?
Jaak
How are the people preparing for the winter in your area?
Not too much prepping going on. Very few houses use natural gas as the primary heat source. A lot of houses with heat pumps use nat gas as a backup. Older houses typically use fuel oil, many of which have converted to wood stoves as a primary source long ago. Houses built in the past 10 years frequently use solar/heat pumps.
Because energy prices in general have been high in Europe for a long time, houses tend to be more efficient (and they are smaller to begin with).
For now, however, still no rain. Forecast says maybe a sprinkle this afternoon, then next week it goes back to 90 F. I think keeping warm in the winter is the last concern people have for the moment.
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Europe’s Scorching Summer Puts Unexpected Strain on Energy Supply
NYT Aug. 18, 2022
The dry summer has reduced hydropower in Norway, threatened nuclear reactors in France and crimped coal transport in Germany. And that’s on top of Russian gas cuts.
In a Nordic land famous for its steep fjords, where water is very nearly a way of life, Sverre Eikeland scaled down the boulders that form the walls of one of Norway’s chief reservoirs, past the driftwood that protruded like something caught in the dam’s teeth, and stood on dry land that should have been deeply submerged.
“You see the band where the vegetation stops,” said Mr. Eikeland, 43, the chief operating officer of Agder Energi, pointing at a stark, arid line 50 feet above the Skjerkevatn reservoir’s surface. “That’s where the water level should be.” … “We are not familiar with drought,” he added with a shrug. “We need water.”
It has been a summer of heat and drought across Europe, affecting nearly every part of the economy and even its normally cool regions, a phenomenon aggravated by man-made climate change. France has been scarred by vast wildfires, and its Loire Valley is so dry the river can be crossed in places on foot. The Rhine in Germany is inches deep in parts, paralyzing essential commerce and stranding riverboat cruises. Italy is drier than at any time since 1800, and the growers of its iconic rice used for risotto now risk losing their harvest.
https://www.nytimes.com/2022/08/18/world/europe/drought-heat…
Jaak
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No risotto! Now things are serious.
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