We're no longer talking about a situation where global warming is something in the future. It's here. It's now." NASA scientists confirmed in a report Wednesday that 2018 was one of the hottest years on record, continuing what the New York Times called “an unmistakable warming trend.” Last year was the fourth-warmest on record since scientists began recording such data 140 years ago, according to NASA’s Goddard Institute for Space Studies (GISS). This finding makes the last five years the five hottest years ever, scientists said, slapping down any question that the planet is growing warmer. “2018 is yet again an extremely warm year on top of a long-term global warming trend,” said GISS director Gavin Schmidt in a statement. “The five warmest years have, in fact, been the last five years,” he told the Times. “We’re no longer talking about a situation where global warming is something in the future. It’s here. It’s now.” Read More
Friday, February 8, 2019
Wednesday, December 5, 2018
Saturday, November 24, 2018
Should nation-states be allowed to destroy pieces of the global commons just because they lie within their borders?
Saturday, November 10, 2018
Standard Chartered Plc in partnership with the World Bank, has launched the world’s first sovereign blue bond for the Republic of Seychelles.
The bond raised US$15 million from international investors, which would help expand and protect marine areas, improve governance of priority fisheries and develop the Seychelles’ blue economy.
The World Bank assisted in developing the blue bond and reaching out to the three investors: Calvert Impact Capital, Nuveen, and Prudential. Standard Chartered acted as placement agent for the bond.
Speaking about the landmark placement, the Chief Executive, Corporate, Commercial and Institutional Banking at Standard Chartered, Simon Cooper, was quoted in a statement to have said: “The world’s first sovereign blue bond is a landmark transaction and one in which Standard Chartered is proud to have played a role, in partnership with the World Bank and the Republic of Seychelles.
Sunday, October 28, 2018
“The first step toward taking climate action is creating an emissions inventory,”
The city-level leaders overseeing this task won’t have the same tools available to their national peers. Most of them won’t have an Environmental Protection Agency (or its equivalent), a meteorological bureau, a team of military engineers, or nasa. So where will they start? Never mind how to reduce their city’s greenhouse-gas emissions; how will they know what’s spewing carbon dioxide in the first place?
Maybe Google will do it for them. Or, at least, do it with them. Read More
Tuesday, September 18, 2018
One only need look outside the window to understand that human-caused climate disruption is in overdrive.
Record warm temperatures, floods, droughts, wildfires and increasing incidents of extreme weather events have run rampant across the Northern Hemisphere this summer. These events, at least in part, stem from a global temperature increase of “only” 1 degree Celsius (1°C) above preindustrial baseline temperatures.
Harvard and MIT biogeochemist and climate and coral reef expert Dr. Thomas Goreau put this in stark perspective.
“Today’s carbon dioxide levels at 400 parts per million (ppm) [are] akin to bringing about a steady state temperature of 7°C higher and sea levels 23 meters higher than they are today,” Goreau, who is also president of the Global Coral Reef Alliance and coordinator of the Soil Carbon Alliance, told Truthout. In other words, the last time there was this much carbon dioxide in the atmosphere, it increased the Earth’s temperature to a point 7°C higher than it is today, and increased sea levels 23 meters above their current level. Hence, we are now only waiting for the planet to catch up to what we’ve done to the atmosphere.
Sunday, September 16, 2018
In the 1980s, oil companies like Exxon and Shell carried out internal assessments of the carbon dioxide released by fossil fuels, and forecast the planetary consequences of these emissions. In 1982, for example, Exxon predicted that by about 2060, CO2 levels would double relative to the 1800s, and that this, according to the best science at the time, would push the planet’s average temperatures up by about 3°C.
Later that decade, in 1988, an internal report by Shell projected similar effects, but also found that CO2 could double even earlier, by 2030. Privately, these companies did not dispute the links between their products, global warming, and ecological calamity. On the contrary, their research confirmed the connections.
Shell’s assessment foresaw a 60-70 cm rise in sea level, and noted that warming could also fuel the disintegration of the West Antarctic Ice Sheet, resulting in a worldwide rise in sea level of “five to six meters.” That would be enough to inundate entire low-lying countries.
Shell’s analysts also warned of the “disappearance of specific ecosystems or habitat destruction,” predicted an increase in “runoff, destructive floods, and inundation of low-lying farmland,” and said that “new sources of freshwater would be required” to compensate for changes in precipitation. Global changes in air temperature would also “drastically change the way people live and work.” All told, Shell concluded, “the changes may be the greatest in recorded history.”
For its part, Exxon warned of “potentially catastrophic events that must be considered.” Like Shell’s experts, Exxon’s scientists predicted devastating sea-level rise, and warned that the American Midwest and other parts of the world could become desert-like. Looking on the bright side, the company expressed its confidence that “this problem is not as significant to mankind as a nuclear holocaust or world famine.”
The documents make for frightening reading. And the effect is all the more chilling in view of the oil giants’ refusal to warn the public about the damage that their own researchers predicted. Shell’s report, marked “confidential,” was first disclosed by a Dutch news organization earlier this year. Exxon’s study was not intended for external distribution, either; it was leaked in 2015. Read More