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Sep 30, 2013

Climate Change—The Time for Action is Now

 

Let me start this blog by quoting—verbatim—several key conclusions from the Intergovernmental Panel on Climate Change’s Climate Change 2013, also known as the IPCC’s Fifth Assessment Report (AR5):

Warming of the climate system is unequivocal, and since the 1950s, many of the observed changes are unprecedented over decades to millennia… The atmosphere and the ocean have warmed, the amounts of snow and ice have diminished, sea level has risen, and the concentrations of greenhouse gases have increased… Each of the last three decades has been successively warmer at the Earth’s surface than any preceding decade since 1850… Changes in many extreme weather and climate events have been observed since about 1950… It is extremely likely that human influence has been the dominant cause of the observed warming since the mid-20th century…

The IPCC does not mince words. And despite a frontal assault by climate skeptics, attempting to use the scientific nuances of the report to sow doubt, the conclusions stand as a rock. Some media outlets are emphasizing the small shifts in scientific understanding or the recent reduction in the rate of warming of the atmosphere (as opposed to oceans), leaving casual readers confused if indeed this is the most definitive assessment of the risks of human-caused warming. It is! The most rigorous scientific peer review process ever assembled by humankind is leaving no more room for doubt.

With a 95 percent certainty of the main conclusion that mankind’s emissions are the leading cause for continued climate change, the debate around the science is now truly settled. Yes of course, climate models will be fine-tuned further, and more research will shed light on many important aspects of our earth’s climate system. But at this point there is no more need for continued debate over the causes. We are now more certain than ever that burning fossil fuels and deforestation are responsible for the warming of the planet and its oceans, leading to the melting of glaciers, the retreat of arctic sea ice, the rise in sea levels, and the increased occurrence of extreme weather events.

It is strange how our assessment of risk, when it comes to the only planet we have to live on, seems out of kilter with the perception of other risks. If such dire warnings were conveyed to anyone with regards to one’s health, they would rush to seek treatment overnight. If a Wall Street trader was so warned with regards to his portfolio exposure, he would rush back to the office to liquidate his position. And if told we were facing such risk in an upcoming flight, we would no doubt decline to board the plane in question. However, it seems too difficult to take the challenging yet clear steps needed to change course on greenhouse gas emissions.

Inaction on climate change has calamitous costs—economical, social, and environmental. The IPCC report states: “Continued emissions of greenhouse gases will cause further warming and changes in all components in the climate system. Limiting climate change will require substantial and sustained reductions of greenhouse gas emissions.” More specifically, the IPCC for the first time has calculated a limit of the additional carbon that can be emitted if warming is to be limited to 2 degrees Celsius. Such a reduction in emissions is still possible if we act now, but it will take serious commitment—commitment to energy efficiency, to the renewable energy sector, to our forests and agricultural lands, and to advanced information technology.

Organizations such as RMI that are working to advance market-based solutions can have great impact. RMI’s Reinventing Fire: Bold Business Solutions for the New Energy Era provides a roadmap describing how the United States can cut fossil carbon emissions by 82 to 86 percent by 2050, at a cost $5 trillion less than maintaining a business-as-usual scenario, stabilizing energy prices, and making the U.S. grid highly resilient. Market-based solutions empower anyone, including businesses, to act. With a roadmap such as that in Reinventing Fire, we can—and must—start to act today.

Image courtesy of Shutterstock

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Showing 1-2 of 2 comments

October 4, 2013

Excellent and thoughtful piece, Mr. Kortenhorst. We clearly need to move fast, and a market-based approach will prove the most nimble. But as long as carbon pollution remains profitable, the growth curves for renewables, while impressive, won't catch up to those natural fearsome tipping points we are approaching. But pricing carbon emissions, internalizing the social costs of the energy sources upon which our civilization is based, will provide the kick that the renewable revolution needs to not only double, but jump orders of magnitude.

We need a progressively-rising, revenue-neutral carbon tax with all the proceeds returned to households, and border tax adjustments to level the playing fields between economies. Organizations like RMI can help create the political will for meaningful legislation of that sort. Does RMI support such an approach? If not, why? Clearly, the market alone in its current configuration, isn't working.


October 4, 2013

Very exciting to see the new leader of RMI take strong leadership on this issue!

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