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Climate Change

The Economics of Climate Change

Last June, a group of MIT scientists released the results of what they describe as the most comprehensive modeling of how much hotter the Earth’s climate will get in this century. It shows that “without rapid and massive action, the problem will be about twice as severe as previously estimated” a couple of years ago. It could be even worse than that because their model does not fully incorporate positive feedbacks that can occur, such as the melting of permafrost in the Arctic regions caused by the increased temperature. It will release huge amounts of methane, which is worse than carbon dioxide. 

“There’s no way the world can or should take these risks,” says the lead scientist on the project. “The least-cost option to lower the risk is to start now and steadily transform the global energy system over the coming decades to low or zero greenhouse gas-emitting technologies.”

At present there’s very little sign of that happening. Furthermore, while new technologies are essential, the problems go well beyond that. In fact, they go beyond the current technical debates in Congress about how to work out cap-and-trade devices. We have to face something more far-reaching—the need to reverse the huge state-corporate and social engineering projects of the post-Second World War period, which very consciously promoted an energy-wasting and environmentally destructive fossil fuel economy.

U.S. Climate Bill Stalls Real Change in Climate Policy

Earlier this year, the United States House of Representatives passed the first major legislation aimed at addressing climate change—the American Clean Energy and Security Act of 2009 (ACES). A 'Frankentree' outside of the U.N. Convention on Biological Diversity in Bonn, Germany. ©2008 Orin Langelle GJEP-GFCInformally known as the Waxman-Markey bill—after Representatives Henry Waxman (D-CA) and Edward Markey (D-MA)—the bill faces an uncertain future in the United States Senate. But one thing that is all too likely: the aspects of the bill that address the needs of low-income workers, people of color, and indigenous peoples will be shortchanged.

As currently written, ACES will:

  •  Not protect the poor from price-hikes as the price of carbon gets internalized into our energy bills;
  •  Protect polluting industries by granting them free pollution permits;
  •  Encourage the creation of a huge carbon derivatives market leading to fraud, shell games, and an unprecedented carbon market “bubble” with dire economic consequences for all Americans;
  • Make a mockery of our common understanding of "renewable energy" by favoring dirty smokestacks over truly clean, renewable energy;
  • Strip the Environmental Protection Agency (EPA) of its authority to regulate greenhouse gas emissions from all power plants, including coal burners, under the Clean Air Act.
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Resilient Cities: Building Community Control

Oil is the life-blood of globalization. Along with its sister coal, it has made industrial capitalism hum at a feverish pace for the past 200 years. Globalization is the force that is pushing our ecological and economic systems to the brink. Should we choose to stay the current course, the planet’s health will face some serious and catastrophic tipping points.

The most common face of the crisis is climate chaos, but this is only one of several interconnected and mutually reinforcing problems: Toxic waste poisons our land, air, and water; a shortage of fresh water has left growing numbers of humanity without access to clean potable water; a food and agriculture crisis has resulted from land being industrially consumed and depleted to produce export crops; biological and cultural diversity are facing extraordinary rates of extinction; and indigenous communities are facing cultural and physical genocide. It’s apparent that our addiction to fossil fuels and a fixation on market-based ‘economic growth’ have placed the planet’s life-systems in a precarious situation.

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The Second Green Revolution

By Clifton Ross

It may seem hard to believe that the process that brought the head of lettuce to your salad—and all the other delicious components of your organic meal, like the baked potato and the grilled free-range chicken breast—are all a major cause of climate change. According to the Johns Hopkins Center for a Livable Future, “Approximately one-third of greenhouse gas emissions are produced by agriculture and land-use changes, with 18 percent of the overall total coming from livestock alone.”[1] While organic, free-range, or better yet, vegetarian diets are steps in the right direction, the steps are still circumscribed by a system that guarantees climate change, even in its “greenest” sectors.

Part of the problem is the amount of energy (inputs) required by standard agriculture to produce the world’s food: in the United States 7.3 calories of energy go into delivering one calorie of food.[2] From the tractors that break the ground for planting, then return to do the planting and harvesting, to the transport and processing, to the further transport to the supermarket, and all the way to your drive to make the purchase (unless you bicycle and cut a calorie or two off the process), energy is used and carbon produced.

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Oakland Coalition Charts New Course on Climate Strategy

In the wake of the recent debate over national climate legislation and the disastrous outcome of the House Bill, 380 different organizations sent a letter to California Senator Barbara Boxer, head of the Senate Environmental and Public Works Committee, urging her to draft a Senate bill “that provides the transformational change and greenhouse emissions reductions required to avert catastrophic climate impacts.”[1] But the efforts of these organizations to argue for meaningful legislation have for the most part been ignored.

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Urban Food Co-op Tackles Economic Empowerment

The green jobs conversation most often centers on industrialized sectors that require millions of dollars in capital—from high-tech clean energy to biodiesel. However, the world’s basic natural resources—land, water, and farming—are the essential building blocks for combating climate change and can provide immediate avenues to build an equitable green economy. Sustainable agriculture, urban food production, and environmentally sound distribution systems provide opportunity for economic revitalization through true local ownership. Urban planning and policy in the United States should embrace locally-owned sustainable food enterprises as essential to all economic development efforts.

Mandela MarketPlace is a leader in development, application, and assessment of food systems. The organization evolved over the last eight years, first as a project of the Environmental Justice Institute and Tides Center, and then as a nonprofit in 2006 with a mission to strengthen community health, integrity, and identity by providing economic opportunity and empowerment for inner-city Oakland residents and businesses, and local family farms. “We support our community by providing healthy, locally grown produce and educating them about organic and pesticide free food,” says Yuro Chavez, West Oakland Youth Standing Empowered (WYSE) team member and Mandela Food Cooperative worker-owner.

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