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Did you know that there is a number that may hold the key to our planet's survival? It's called the social cost of carbon, and it represents the long-term economic damage caused by each additional ton of carbon dioxide emitted into the atmosphere. While this number may seem obscure, its impact is immense, and understanding it is crucial to addressing the looming threat of climate change. So, what is the social cost of carbon? Put simply, it's the monetary value of the negative impacts that carbon emissions have on society, including damage to human health, property, and the environment. It's calculated based on a wide range of factors, including projected temperature increases, sea level rise, and changes in agricultural productivity. According to some estimates, the social cost of carbon could be as high as $220 per ton by the end of the century. But the social cost of carbon isn't just a theoretical concept – it has real-world implications. For example, it's used to determine the costs and benefits of climate policies, such as carbon taxes and emissions regulations. In fact, some of the world's most influential economists and policymakers have called for the use of the social cost of carbon in decision-making, including former U.S. Treasury Secretary Lawrence Summers and Nobel Memorial Prize laureate Dr. Joseph Stiglitz. One of the biggest challenges in estimating the social cost of carbon is its complex and dynamic nature. For example, the impacts of carbon emissions are felt differently in different parts of the world, and they can have cascading effects that are difficult to predict. Nevertheless, researchers and experts continue to refine their estimates and develop new approaches to understanding the social cost of carbon. Some of the leading academics in this field include Dr. Nicholas Stern, an economist and author of the influential Stern Review on the Economics of Climate Change; Richard Tol, an environmental economist who has written extensively on the social cost of carbon; and William Nordhaus, a Nobel Memorial Prize laureate who has developed some of the most widely cited models for estimating the social cost of carbon. In conclusion, the social cost of carbon may be the most important number you've never heard of, but its significance cannot be overstated. By understanding this concept and its implications, high school students can become informed and engaged citizens who are better equipped to address the urgent challenge of climate change.
A new study reveals that while ExxonMobil publicly denied the existence and cause of climate change, its own scientists were producing accurate projections and models of global warming between 1977 and 2003. The company's projections were even better than those provided by NASA scientist James Hansen to U.S. Congress.
Brace yourselves for impact! The Great Disruption by Paul Gilding is a wake-up call to the impending crisis of climate change. Forget carbon footprints and fossil fuels, we have reached the end of Economic Growth 1.0, where we lived beyond our planet's means. In the coming decades, we will see loss, suffering and conflict as we pay our planetary overdraft, but also humanity's best qualities: compassion, innovation, resilience and adaptability. Gilding offers a roadmap to fight and win the "One Degree War" to prevent catastrophic warming of the earth and replace our addiction to growth with an ethic of sustainability. Recommended for environmentalists, economists, entrepreneurs and anyone concerned with the future of our planet. The Great Disruption by Paul Gilding is a must-read for those who want to understand the challenges posed by climate change and the opportunities for a sustainable future. Gilding's well-informed polemic offers a stark and unflinching look at the crisis humanity faces, but also a deeply optimistic message. He argues that the coming decades will bring out the best humanity can offer, with new companies reshaping our economy and a new ethic of sustainability replacing our addiction to growth. This book is essential reading for anyone who wants to be part of the solution to the greatest challenge of our time.
Coffee capsules - environmentally unfriendly or misunderstood? A study by the University of Quebec debunks the notion that coffee pods are wasteful and highlights their potential as a more sustainable way to enjoy your daily cup of joe.
As more businesses pledge to reduce greenhouse-gas emissions, the demand for carbon credits could increase by a factor of 15 or more by 2030, making the market worth upward of $50 billion. But the current market is fragmented and complex, with limited pricing data and questionable emissions reductions. Learn how market participants and other constituencies can address these issues to scale up the voluntary carbon market and direct private financing to climate-action projects.
Have you ever heard of the butterfly effect? It's the idea that small, seemingly insignificant events can have a big impact on the world around us. This concept also applies to our climate. Small changes in weather patterns can lead to big impacts on our planet. One example of this is the El Niño Southern Oscillation (ENSO). ENSO is a natural climate pattern that occurs when the ocean and atmosphere interact in the tropical Pacific. It can cause droughts, floods, and other extreme weather events around the world. In fact, the 1997-1998 El Niño caused $45 billion in damages and over 20,000 deaths. But it's not just natural events that can impact our climate. Human activities like burning fossil fuels and deforestation also contribute to changes in our weather and climate. The emissions from these activities trap heat in the atmosphere, leading to global warming and climate change. One of the leading academics in the field of climate science is Dr. James Hansen. He was one of the first scientists to warn the public about the dangers of climate change back in the 1980s. He has continued to be an advocate for action on climate change and has published numerous papers on the topic. Another important concept in climate science is the feedback loop. A feedback loop occurs when a change in one part of the climate system causes a change in another part of the system, which in turn can cause more changes in the original part. This can lead to amplification or damping of the original change. So what can we do about the butterfly effect on our climate? It starts with small actions we can take in our daily lives, like reducing our carbon footprint and supporting clean energy. But it also requires larger actions from governments and businesses to reduce emissions and invest in renewable energy. Remember, small actions can have a big impact on our climate. So let's work together to make a difference.
Can economic growth and climate goals be reconciled? McKinsey's research suggests a tenfold increase in carbon productivity is needed by 2050, comparable to the Industrial Revolution. The cost of this "carbon revolution" is manageable, but without it, we face stark consequences. Explore how we can capture the lowest-cost abatement opportunities to achieve critical emissions targets and avoid a major drop in lifestyle.
Scientists at MIT have developed a process that could significantly reduce the cost of using carbon capture to fight global warming by drawing CO2 out of seawater. The process could appeal to small nations whose economies rely on tourism, aquaculture, and fishing industries that could be severely damaged by climate change. Another company, Captura Corp., is also working on a similar process and has received financial support from Saudi Arabian Oil Co. and a $1 million grant from a carbon removal XPRIZE competition.
A 1°C temperature rise can cause a tenfold increase in displacement, and a 50mm reduction in rainfall per month can double it. Conflict is a major driver, but displacement itself doesn't cause further conflict. Discover the impact of climate change on vulnerable regions across African drylands and the urgent need for adaptation measures.
The fashion industry contributes 4% of global greenhouse-gas emissions, emitting as much as France, Germany, and the UK combined. McKinsey research shows that the industry is on track to overshoot its 1.5-degree pathway to mitigate climate change by almost twofold. However, almost 90% of the measures required for accelerated abatement would cost less than $50 per metric ton of GHG emissions abated. Discover how the entire fashion value chain can drive decarbonization and bring about real and lasting change for the better in the industry.
Heat waves caused by climate change have already cost the world economy trillions of dollars since the early 1990s, with the world's poorest and lowest carbon-emitting nations suffering the most. A Dartmouth study stresses the immediate need for policies and technologies that protect people during the hottest days of the year, particularly in the tropics and the Global South where the warmest and most economically vulnerable nations are located. The study also highlights issues of climate justice and inequality.
Did you know that visiting a website can generate up to 10 times the recommended carbon emissions? Learn how businesses are reducing their web carbon footprint through renewable hosting and optimizing web design. Discover the tools that can help you calculate your website's environmental impact and explore the case study of a product design studio that reduced its homepage carbon emissions by 96%.
Asia faces lethal heat waves, extreme precipitation, droughts, and rising sea levels, making it more exposed to physical climate risk than other parts of the world. By 2050, up to one billion people in Asia will face lethal heat waves, and $2.8-$4.7 trillion of GDP will be at risk annually due to increased heat and humidity. This report examines physical climate risk in Asia, quantifying risk within and across different countries, and highlights the path forward through adaptation and mitigation strategies for policy makers and business leaders in the region to consider.
Carbon dioxide (CO2) is one of the most dangerous greenhouse gases that is causing global warming and climate change. It stays in the atmosphere for much longer than other gases such as methane, which only stays in the atmosphere for about 12 years, while CO2 can remain in the atmosphere for thousands of years. Leading climate scientists such as Dr. James Hansen agree that increasing levels of CO2 in the atmosphere are causing global temperatures to rise, leading to melting glaciers, rising sea levels, and more frequent and intense natural disasters such as hurricanes, droughts, and wildfires. Decarbonization is the process of reducing the carbon footprint of our economy by transitioning from fossil fuels to cleaner, renewable energy sources such as wind and solar. This is crucial in order to prevent dangerous levels of global warming and ensure a sustainable future for generations to come. One promising innovation in the field of decarbonization is carbon capture and storage (CCS), which involves capturing CO2 emissions from power plants and industrial processes and storing them underground. Another is the development of electric vehicles, which produce zero emissions and have the potential to greatly reduce our reliance on fossil fuels. Leading academics in the field, such as Dr. David McCollum, have emphasized the importance of decarbonization in limiting global temperature rise to below 2 degrees Celsius, a threshold beyond which the impacts of climate change would become catastrophic and irreversible.
Imperial researchers have found that integrating solar and battery power in refugee camps can drastically reduce fuel expenditure and emissions while also boosting the local economy. The system, funded in part by a grant from the UKRI Global Challenges and Research Fund, could provide reliable access to electricity for more people. Find out how this innovative solution can improve the lives of displaced people.
Are you passionate about making a positive impact on the world? Do you want to help companies and organizations reduce their environmental footprint and operate in a more sustainable way? If so, then a career as a Sustainability Consultant might be perfect for you! As a Sustainability Consultant, you'll work with a wide variety of clients to identify and implement sustainable practices and solutions. You'll help companies reduce their carbon footprint, conserve resources, and improve their overall environmental performance. You'll also help them comply with regulations and meet sustainability standards. One great thing about being a Sustainability Consultant is that you get to work on a wide range of projects. For example, you might work with a restaurant to help them reduce food waste and switch to more sustainable packaging. Or, you might work with a large corporation to help them implement renewable energy sources and reduce their greenhouse gas emissions. To be successful in this field, you'll need to have a strong understanding of sustainability principles and practices. You'll also need to be able to communicate effectively with clients and stakeholders, and be able to think creatively to come up with innovative solutions. Typical duties for a Sustainability Consultant might include conducting sustainability audits, developing sustainability plans and strategies, conducting research on sustainability issues, and providing training and education to clients and stakeholders. There are many areas of specialization within the field of sustainability consulting, including renewable energy, waste management, sustainable agriculture, and green building. You might also work in related fields such as environmental policy or corporate social responsibility. To become a Sustainability Consultant, you'll typically need a bachelor's degree in a related field such as environmental science, sustainability, or engineering. Some popular undergraduate programs and majors include Environmental Studies, Sustainable Business, and Renewable Energy. Helpful personal attributes for a career in sustainability consulting include strong analytical skills, excellent communication skills, and a passion for sustainability and environmental stewardship. Job prospects for Sustainability Consultants are strong, with many opportunities available in both the public and private sectors. Some notable employers in this field include consulting firms such as Deloitte and PwC, as well as government agencies and non-profit organizations. In conclusion, if you're passionate about sustainability and want to make a positive impact on the world, a career as a Sustainability Consultant might be the perfect fit for you. With a wide range of projects and opportunities available, and a strong job outlook, this is a field worth exploring further!
In "Eaarth," Bill McKibben paints a vivid picture of our planet's alarming transformation, urging us to confront the harsh reality that we have created a new world, one that is melting, drying, flooding, and burning in ways never seen before. He argues that we must abandon old habits and embrace fundamental change to build societies and economies that can weather the unprecedented challenges ahead. With powerful insights and a call to action, this book is a must-read for anyone seeking to understand the urgency of our changing planet. Recommended for environmental science students, policymakers, activists, and concerned citizens alike, "Eaarth" offers a sobering yet compelling analysis of the consequences of our actions on the planet. It highlights the need for fundamental change in our economic and social systems to adapt to the new reality we have created. The book's insights are relevant to a wide range of fields, including sustainability, climate change, public policy, and social justice. It is a call to action for all those who care about the future of our planet and the well-being of future generations.
Natural climate solutions offer a way to address both the climate crisis and nature loss, while increasing resilience. Private-sector commitment to climate action is gaining momentum, with companies adopting strategies aimed at reaching net-zero emissions and investing in nature through the purchase of Natural Climate Solutions (NCS)-generated carbon credits. NCS projects could yield nearly a third of the emissions reduction target by 2030, with substantial co-benefits for biodiversity, water quality, and sustainable development. However, challenges remain in ensuring genuinely additional and permanent carbon reductions. Learn about six proposed steps to address these deficiencies.
Want to finance forest carbon credits and help mitigate climate change? A new report from Imperial College Business School reveals that diversifying forest investments can reduce investment risk and yield financial returns. Discover the exciting potential for forestry projects to protect biodiversity and become a more predictable asset class.
Scotland leads the way in funding "loss and damage" projects, providing aid to developing countries for the impact of climate change. Malawi, with ties to Scotland, is already benefiting from the fund with a significant difference made in 10 areas. This model has been endorsed by Malawi's President, who believes it should be replicated by other countries. This article highlights the potential of smaller countries to make a meaningful impact on global issues.
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