Archive for the ‘economics’ Category
[The two year anniversary of the Fukushima nuclear disaster is March 11. Little has changed from this 2011 article (except cleanup costs may be higher at $250 billion). Generations of Japanese taxpayers will have to cover those costs. Other countries also have liability caps which means the public provides 'free insurance' to the industry. As this article shows it'd be cheaper to give interest-free loans to solar or wind industry. -- Stephen.]
“…it is basically insanity to shoulder the public with risk to get relatively small amount of electricity…”
By Stephen Leahy
UXBRIDGE, Canada, May 6, 2011 (IPS)
The nuclear energy industry only exists thanks to what insurance experts call the “mother of all subsidies”, and the public is largely unaware that every nuclear power plant in the world has a strict cap on how much the industry might have to pay out in case of an accident.
In Canada, this liability cap is an astonishingly low 75 million dollars. In India, it is 110 million dollars and in Britain 220 million dollars. If there is an accident, governments – i.e. the public – are on the hook for all costs exceeding those caps.
Japan has a higher liability cap of 1.2 billion dollars, but that is not nearly enough for the estimated 25 to 150 billion dollars in decommissioning and liability costs for what is still an ongoing disaster at its Fukushima Daiichi nuclear plant. Seven weeks after the tsunami caused the disaster, radiation levels continued to spike higher.
No one knows when the reactors will finally be in cold shutdown, or when the costs of the Fukushima disaster will stop piling up. One report suggests decommissioning will take 30 years.
Japan’s credit rating was downgraded because of the accident, noted Mycle Schneider, a Paris-based energy and nuclear policy analyst who has worked in Japan. “The Japanese know it’s just a matter of time before another large earthquake occurs,” Schneider told IPS.
“Japan will never build another nuclear plant.“
Read the rest of this entry »
By Stephen Leahy
Uxbridge Cosmos, Feb 2013
There is quite a bit of misinformation about climate science and climate change (global warming). This is the most important issue of our time but it can be a complex subject. Here are some tips to help sort fact from fiction based on my experience of writing about science and climate change for the past 15 years.
Tip #1: Consider the source
It’s important to know where the information is coming from. Are they an expert or someone with an impressive looking website but no climate science training? No one goes to an engineer if they want their appendix removed.
If someone says a group of retired NASA scientists claim there is no evidence carbon dioxide causes global warming, I check to see if they are climate scientists — they’re not. Then I go to the official NASA website and in a big headline it says: “97% of climate sciences agree” climate change is happening. This is followed by a long list of well-regarded scientific societies from around the world who also agree.
A reader once sent me a link to a “science” article from Investor’s Business Daily that said increased activity of the sun was entirely responsible for the current warming according to the Max Planck Institute for Solar System Research, a well-known research centre in Germany. A quick check of the Max Planck Institute’s website revealed their actual conclusion: “Solar activity affects the climate but plays only a minor role in the current global warming.”
Tip#3 Brush up on some science
Our atmosphere traps and retains the suns heat which is called the greenhouse effect. Without this the Earth would be more like the moon: +100C in the day and -170C at night. Carbon dioxide (CO2) is a greenhouse gas that helps keep the planet warm by retaining some of the sun’s heat. John Tyndall proved this 150 years ago in 1861. In the last 100 years our burning of oil, gas and coal has added 40% more CO2 to the atmosphere. That extra CO2 has warmed the planet 0.8C globally and 1.5C to 2.0C in Canada so far.
Tip # 4: Follow the money
Ask this question who has the most to gain or lose? Climate scientist’s largely rely on getting research money from governments. Scientists are smart people who are good with numbers so if they just wanted to make money they’d be working on Bay St or Wall St.
On the other hand the oil, coal and gas companies represent by far the richest industry in human history. In 2010 their revenues were estimated to be $5 trillion, far more than Canada’s $1.7 trillion gross domestic product (GDP) that year. (A trillion is one thousand billion. A trillion seconds is nearly 32,000 years).
The five biggest oil companies made a record $137 billion in profits in 2011. Surprisingly Canada’s largely foreign-owned oil and gas industry still receives $1.3 billion a year in public subsidies despite many promises to end this taxpayer handout.
Some fossil fuel companies have been caught sowing confusion and doubt about climate change just like the tobacco companies did regarding the link between smoking and lung cancer. Fossil fuel interests fund organizations that look official or science-based and they publish reports, write opinion pieces or do media interviews stating that global warming is a hoax and there is no real need to burn less oil, gas or coal. One of these organizations is Canada’s Friends of Science and its related site ClimateChange101 that received funding from Calgary oil company Talisman Energy to put out false and long-debunked critiques of climate science.
Here’s two of the best sources I use to help me sort fact from fiction:
For climate science go to “Skeptical Science”, a volunteer community with clearly written, rock solid science-based answers on climate.
For everything else go to “DeSmogBlog – Clearing the PR Pollution that Clouds Climate Science” . There is now a Canadian version “DeSmogCanada” that I will be contributing to.
No one really wants to think about climate change and what it means for our children’s future. It is too difficult, too painful to even consider. But avoiding or denying global warming and its dangers prevents us from taking action to minimize future impacts. Inaction and delay are truly terrifying. However taking action at the personal, family and community levels is liberating and empowering. We need to start a conversation about this.
Uxbridge’s Stephen Leahy is the 2012 co-winner of the Prince Albert/United Nations Global Prize for Climate Change reporting . He is the senior science and environment correspondent at IPS, Inter Press Service News Agency, based in Rome. His work is also published in National Geographic, The Guardian (UK), New Scientist, Al Jazeera, Earth Island Journal and others.
Or Just Print This Cheat Sheet Will Help You Win Every Climate Argument (thanks to Mother Jones)
Smartest Thing You Can Do Is Dump Your Car
By Stephen Leahy
Uxbridge Cosmos, Feb 2013
Cars and trucks are extraordinarily expensive. The full cost of driving 100 km is between between $50 and $75 when fuel, wear and tear, insurance, depreciation, and repairs are included. The cost of owning and operating a car, van, SUV or truck ranges between $9,000 to $15,000 a year depending on the purchase price of the vehicle according to automobile clubs like the CAA . That’s a big chunk of aftertax income spent each and every year. Double this for two-car families.
If you pay $50 at the pump about $33 will go directly to oil companies. The gas station gets around a dollar and the rest is for provincial and federal taxes.
Finally ask yourself how many hours a day your vehicle isn’t being used? Most are parked 22 hours a day.
Why not your car a day off once a week? A No Car Day is easy to do, saves money and reduces emissions of climate-heating carbon dioxide (CO2). The average passenger vehicle emits around 4.8 tonnes of CO2 a year.
The biggest savings by far is to get rid of one vehicle. When you consider the full costs of ownership, the $9 000 to $15,000 saved will let you rent vehicles or taking taxi as needed with plenty of cash left over. For maximum savings use the bus or train. A bus from Uxbridge is only $10 to downtown Toronto. By car that 75 km trip really costs $45 not including parking.
New study – drive less lose weight guaranteed: If drivers nationwide traveled 1 mile less by car each day, not only would fuel consumption fall, but annual health care costs could drop by billions of dollars as fewer people would be classified as obese or overweight, Jacobson estimates.
My related articles:
By Stephen Leahy
UXBRIDGE, Canada, Feb 25 2013 (IPS)
Green energy is the only way to bring billions of people out of energy poverty and prevent a climate disaster, a new study reveals.
Conservative institutions like the World Bank, the International Energy Agency and accounting giant Price Waterhouse Coopers (PwC) all warn humanity is on a path to climate catastrophe unless fossil fuel energy is replaced by green energy.
The U.N.’s Sustainable Energy for All initiative intends to bring universal access to modern energy, doubling the share of renewable energy globally, and doubling the rate of improvement in energy efficiency by 2030.
If those targets are met and similar efforts undertaken to reduce deforestation, then climate disaster can be avoided, said Joeri Rogelj of the Institute for Atmospheric and Climate Science in Zurich who headed the analysis published Sunday in the journal Nature Climate Change.
“Poverty eradication, sustainable development and the transition away from fossil fuel energy go hand in hand,” Rogelj told IPS. Read the rest of this entry »
[This is my first exclusive blog post - virtually everything else on this site are my published articles. Not sure if I'll have time to do more. Let me know what you think - Stephen ]
A new study released Feb 13 revealed that the volume of Arctic sea ice is declining rapidly. Ice volume in September 2012 had fallen 80 percent compared with the volume of ice in September 1980 according to the latest data from European Space Agency satellite, CryoSat-2. As the Arctic heats up Most of the ice loss has been in recent years. Between 2003 and 2012 the volume declined a whopping 36 percent. Summers with a sea ice-free Arctic are only a few years away, scientists now agree. This will have significant and permanent impacts on weather patterns in the Northern Hemisphere.
My previous article Ice-Free Arctic Is “Uncharted Territory” documented last September’s one year record area decline of 18 percent. Here’s what this means:
The impacts are already being felt across the entire northern hemisphere. The loss of sea ice in recent years has been affecting weather patterns, recent research has shown. The all-important jet stream – the west-to-east winds that are the boundary between the cold Arctic and the warm mid-latitudes – is slowing down, moving north and become more erratic.
When continent-sized areas of the Arctic Ocean flip from the all-white ice to dark blue, tremendous amounts of heat are absorbed from the 24-hour summer sun. When the bitter cold Arctic winter sets in over the next few weeks, all the heat in the ocean must be released into the atmosphere before ice can form again.
The Arctic will be ice-covered in winter for decades to come but what’s fundamentally changed is that every fall, unprecedented amounts of heat and water vapour will be released into the atmosphere.
“The polar meltdown shows we’re teetering on the brink of climate change catastrophe,” said Shaye Wolf, climate science director at the Center for Biological Diversity’s Climate Law Institute.
As the sea ice declines, Arctic temperatures increase, thawing more and more permafrost, which will release more climate-heating carbon and methane. Permafrost is frozen soil, sediment and rock spanning 13 million square kilometres of the land in Alaska, Canada, Siberia and parts of Europe. It has twice the carbon that the atmosphere currently holds.
A Swedish study released Feb 17 has found a link between sea ice declines and increases in methane emissions. Methane has 40x the warming of carbon. This is may lead to an even faster meltdown of the Arctic risking the release of huge amounts of permafrost carbon and methane.
By Stephen Leahy
UXBRIDGE, Canada, Feb 16 2013 (IPS)
The largest climate rally in U.S. history is expected Sunday in Washington DC with the aim of pressuring President Barack Obama to reject the Keystone XL tar sands pipeline.
Activists are calling Keystone “the line in the sand” regarding dangerous climate change, prompting the Sierra Club to suspend its 120-year ban on civil disobedience. The group’s executive director, Michael Brune, was arrested in front of the White House during a small protest against Keystone on Wednesday.
“The Keystone XL pipeline is part of the carbon infrastructure that will take us to dangerous levels of climate change,” said Simon Donner, a climate scientist at the University of British Columbia.
“By itself, Keystone won’t have much of an impact on the climate, but it is not happening on its own,” Donner told IPS.
Carbon emissions are increasing elsewhere, and the International Energy Agency recently warned humanity is on a dangerous path to four degrees C of warming before the end of this century. Children born today will experience this. Preventing that dire future is inconsistent with expanding tar sands production, Donner said.
A new study released this week revealed that the volume of Arctic sea ice is declining rapidly. Ice volume has fallen 80 percent since 1980, according to the latest data from European Space Agency satellite, CryoSat-2. Summers with a sea ice-free Arctic are only a few years away, scientists now agree. This will have significant and permanent impacts on weather patterns in the Northern Hemisphere.
“Keystone XL is the key to opening up the expansion of the tar sands industry,” said Jim Murphy, senior counsel with the National Wildlife Federation.
“By rejecting the Keystone XL tar sands pipeline, we can keep this toxic oil in the ground,” Murphy said in a statement.
Re-engineering our societies to prosper on green alternatives is only option
By Stephen Leahy
UXBRIDGE, Canada, Jan 4 2013 (IPS)
Around the world, 2012 was the year of extreme weather, when we unequivocally learned that the fossil fuel energy that powers our societies is destroying them. Accepting this reality is the biggest challenge of the brand new year.
Re-engineering our societies and lifestyles to prosper on green alternatives is the penultimate challenge of this decade.There is no more important task for all of us to engage in because climate change affects everything from food to water availability.
A number of scientific analyses have demonstrated we already have the technology to re-engineer our society to thrive on green alternative energy. The newest of these was published Wednesday in the prestigious journal Nature. It plainly states that politics is the real barrier, not technology nor cost. (It is far cheaper to act than not.)
Keeping global warming to less than two degrees C is mainly dependent on “when countries will begin to take serious action to reduce greenhouse gas emissions”, according to the study “Probabilistic cost estimates for climate change mitigation”.
Climate change has already pushed global temperatures up 0.8 degrees C, with significant consequences. No climate scientist thinks two degrees C will be “safe”. Many countries, especially least-developed countries and small island states, want the global target to be less than 1.5C of heating. Even then large portions of the Arctic and Antarctic will continue to melt raising sea levels, albeit at a slower rate.
Delay in making the shift to non-fossil fuel energy sources will be very costly. Waiting until 2020 to curb global emissions will cost twice as much compared with peaking emissions by 2015, the Nature analysis shows.
Serious action to reduce greenhouse gas emissions means 65 percent of current coal power plants will have to be shut down in the next decade or two, a previous Nature study reported by IPS shows.
New study reveals a major trend is underway. More and more countries are acting on climate – only Canada going backward
By Stephen Leahy
UXBRIDGE, Canada, Jan 15 2013 (IPS)
A majority of major economies have made significant progress in addressing climate change, with countries like South Korea and China taking aggressive action so they can benefit from energy- and resource-efficient economies, a new report released Monday found.
The study by GLOBE International and Grantham Research Institute profiled 33 major economies in an annual examination of climate and energy legislation. 32 of them, including the United States, made significant progress in 2012, while only Canada regressed.
“The study reveals a major trend is underway. More and more countries are acting on climate,” said Adam Matthews, secretary general of GLOBE International, an organisation of legislators.
While major international climate conferences such as the Conference of the Parties (COP) held in Doha in November and December 2012 have made little progress, cities, states and national governments around the world are taking action.
The political reality, Matthews told IPS, is that local and national climate regulations and legislation must come first. “An environment minister in Doha couldn’t commit his country to an ambitious carbon reduction target unless the country has already decided to chart a new economic course,” he said. Read the rest of this entry »
Countries cannot afford to miss the green wave of Rio+20
No alternative to low-carbon, resource-efficient economies
By Stephen Leahy
UXBRIDGE, Canada, May 25, 2012 (IPS)
Think of Rio+20 as the hothouse to grow the green ideas and values humanity needs to thrive in the 21st century.
No one is expecting, or even wants, a big new international treaty on sustainable development said Manish Bapna, interim president of the World Resources Institute, a global environmental think tank based in Washington, D.C.
“The important action will be on the sidelines of the formal negotiations,” Bapna told IPS in an interview.
Blocs of countries, civil society organisations and representatives of business will meet, create coalitions and make commitments on specific issues and on regional concerns.
“There could be some exciting specific commitments coming out of Rio,” Bapna said.
Perhaps the most important outcome from Rio+20 would be to put to rest the erroneous belief that protecting the environment comes at the cost of economic growth when it is in fact the opposite. Without a healthy, functioning environment, humanity loses the benefits of the environment’s “free products”: air, water, soil to grow food, stable climate and so on.
“One of the big hurdles to a sustainable future is that officials in many countries think they can’t afford to move onto a more sustainable pathway,” he said.
Bapna hopes Rio+20 will generate a “new narrative” – a wider understanding that there is no viable alternative to the transition to low-carbon, resource-efficient economies that alleviate poverty and create more jobs. Read the rest of this entry »
Climate change plays a role in all extreme weather now – atmosphere is 0.8C hotter and 4-6% wetter – turns out small increases can have big impacts. — Stephen
Originally posted on Stephen Leahy, International Environmental Journalist:
By Stephen Leahy
CAIRNS, Australia, Apr 3, 2012 (Tierramérica)
Extreme weather is fast becoming the new normal. Canada and much of the United States experienced summer temperatures during winter this year, confirming the findings of a new report on extreme weather.
For two weeks this March most of North America baked under extraordinarily warm temperatures that melted all the snow and ice and broke 150-year-old temperature records by large margins.
Last year the U.S. endured 14 separate billion-dollar-plus weather disasters including flooding, hurricanes and tornados.
A new report from the Intergovernmental Panel on Climate Change (IPCC), released Mar. 28, provides solid evidence that record-breaking weather events are increasing in number and becoming more extreme. And if current rates of greenhouse gas emissions are maintained, these events will reach dangerous new levels over the coming century.
Since 1950 there have been many more heat waves and record warm temperatures than…
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