Global warming currently cuts into the planet’s Gross Domestic Product (GDP) by 1.6 percent annually. This translates into $1.2 trillion, and the number is expected to double to 3.2 percent by the year 2030 if carbon dioxide emissions aren’t curbed.
According to the “Climate Vulnerability Monitor: A Guide to the Cold Calculus of a Hot Planet” report, the costs of inaction far outweigh the costs of taking on climate change. The report estimates reducing emissions at a cost of 0.5 percent GDP over the next 10 years.
And if money isn’t motivation enough, take a look at the almost 5 million deaths annually due to climate change. The report estimates it causes an average of 400,000 deaths each year, mainly from hunger and contagious diseases, plus an additional 4.5 million deaths annually from related global warming causes such as air pollution, dangerous occupations in the fossil fuel industry, and cancer.
The average of 3.2 percent losses to global GDP disguises the plight of poorer, developing nations who are disproportionately affected. The estimate for these countries, such as Bangladesh, for example, is an average of 11 percent of GDP by 2030. This is not to say that major economies avoid the effects either. China alone is estimated to lose more than $1.2 trillion in less than 20 years. By 2030, the total economic losses for the United States, India, and China will reach $2.5 trillion. According to the report, these three nations also will suffer over 3 million deaths annually, or half of all deaths.
A report released in July by the European Commission Joint Research Centre and PBL, the Netherlands’ environmental assessment agency calculated that last year global carbon dioxide emissions reached their highest point ever at 34 billion metric tons.
It’s time to tackle climate change now to reverse this scary trend and save lives. The price tag for doing nothing is too high.
In what is easily the best environmental action in a generation, this week, the Obama Administration announced new CAFE (Corporate Average Fuel Economy) standards for cars and light trucks (think minivans and sport utility vehicles). By 2025, these vehicles will be required to average 54.5 miles per gallon (MPG).
The National Highway Traffic Safety Administration regulates CAFE standards and the U.S. Environmental Protection Agency measures vehicle fuel efficiency. An agreement in support of acceptable standards was made between the government, automakers and their unions, and environmental organizations.
The stage for these historic fuel economy standards was set by an energy law enacted in 2007 under President George W. Bush. Additionally, the 2009 federal bailouts of General Motors and Chrysler were tied to better fuel efficiency.
Fuel-efficient cars and trucks were the U.S. auto industry’s saving grace. It makes good sense on multiple levels to continue these efforts. For one, 570,000 new jobs can be created by 2030. Not to mention saving consumers more than $1.7 trillion at the gas pump and reducing U.S. oil consumption by 12 billion barrels. This also translates to strengthening national security by lessening the country’s dependence on foreign oil.
What about fighting man-made global warming? The new standards will cut greenhouse gas emissions from cars and light trucks in half by 2025. This reduces emissions by 6 billion metric tons, which is more than the total amount of carbon dioxide emitted by the United States in 2010. We thank President Obama for his leadership on combating climate change, pollution prevention and national security.
Starting in 2017, the standards will be phased in over the course of eight years. New fuel-saving technology is projected to increase the cost of new car or light truck by $3,000 on average. This means consumers will pay a little more when they buy the vehicle, about $50 more a month over a five-year loan, but they’ll more than make up for it at the pump with expected gas savings per vehicle between $7,000 - $8,000. And that is good for the environment and our wallets.
Undeniably, the vehicle fuel-efficiency standards represent an unbeatable combination of protecting the environment and strengthening the economy. They’re also the nation's single largest effort to combat climate-altering greenhouse gases, but we can’t stop building our carbon-reduction portfolios now. Wonderful news like this should push us to continuing to find more ways to reduce our carbon footprint, as individuals and a nation. Now let’s go invest in some renewable energy projects!
Carbonfund.org supports several carbon reduction and energy efficiency projects such as the Truck Stop Electrification system, a project that is supported in part by Clean Air Cab’s fleet emissions neutralization program.
Clean Air Cab is central Arizona’s first carbon-neutral taxicab fleet; they partner with Carbonfund.org to calculate and neutralize the carbon emissions generated by its fleet of Toyota Priuses.
"We chose Carbonfund.org because unlike most companies selling offsets, Carbonfund.org is a non-profit. Clean Air Cab believes in giving back and we are happy to support a non-profit organization," affirms Clean Air Cab founder, Steve Lopez.
The company started by selecting the Toyota Prius, a fuel efficient vehicle for its taxicab fleet. A Ford Crown Victoria, the “traditional” taxicab vehicle, produces two and half times the amount of CO2 per year compared to the 2010 Toyota Prius. But the Prius still creates carbon emissions, so each quarter Clean Air Cab checks its total fleet mileage with Carbonfund.org to ensure that it has secured a sufficient quantity of carbon credits to completely neutralize fleet emissions.
Clean Air Cab’s mission “to make it affordable and convenient for everyone to go green” is in lockstep with Carbonfund.org. We are happy to partner with an environmentally conscientious company that provides a carbon neutral transportation alternative to central Arizona communities.
Just when we were about to succumb to the gloomy picture that is global climate change, a ray of hope breaks through the clouds. A technical report released this month by the U.S. Energy Information Agency calculated that energy related U.S. carbon dioxide emissions, which account for about 98 percent of total CO2 emissions, for the first four months of 2012 decreased to around 1992 levels.
The dramatic decrease is attributed to a switch from dirtier burning coal to cleaner natural gas. Almost everyone in the energy and environmental industries believes the shift could have major long-term implications for U.S. energy policy.
Scientists didn’t predict the amount of carbon dioxide being released into the atmosphere in the U.S. falling to its lowest level in 20 years in part because the decrease is not attributed to legislation limiting greenhouse gases such as carbon dioxide. The switch to natural gas was driven by the market.
The state of the economy, increasing efforts for energy efficiency and a growing utilization of renewable energy are certainly aspects that contribute to lowering U.S. carbon emissions. However, at the moment, the lion’s share is due to the current low price of natural gas. There has been an upsurge in shale gas drilling in the northeast, Texas, Arkansas and Louisiana, which has made natural gas more affordable than coal per unit of energy generated. Gas production is on the increase because of the modernization of the process of hydraulic fracturing, also called fracking, where highly pressurized water, sand and chemicals are inserted to fracture shale rock which releases natural gas.
While natural gas is a cleaner-burning energy source than coal, it is not emission-free. There is still some carbon dioxide emitted and drilling can have environmental impacts such as contamination of ground water, air quality risks, migration of gases and hydraulic fracturing chemicals to the surface, and surface contamination from spills and flowback.
There are also concerns that the rise in use of natural gas could stall renewable energy efforts. The ultimate goal should still be a mix of increasing energy efficiency and clean energy with the balance kept to a minimum of natural gas.
So the upshot is that the U.S. energy picture is far from perfect, but the news concerning a drastic decline in U.S. carbon dioxide levels is welcome and positive because it reminds us that there is still time to turn around the fate of the planet’s climate.
Last month it was revealed that a diverse group of stakeholders with political ties that cover the entire spectrum from left to right have been holding secret meetings about climate change with the support of the American Enterprise Institute, a conservative think-tank based in Washington D.C.
Climate change is an unavoidably, politically charged issue. These meetings are an attempt to discover ways to approach global warming in a politically viable manner. The July 2012 meeting was the fifth of such meetings, which are held secretly and speakers not revealed in order to facilitate true brainstorming, an open discussion where all sides could offer solutions without fear of reprisal.
The agenda for the most recent meeting, which was leaked online, was titled, “Price Carbon Campaign / Lame Duck Initiative: A Carbon Pollution Tax in Fiscal and Tax Reform”. However, participants claim putting a price on carbon emissions was not the only item of discussion, and neither was focus limited to the short-term.
Proponents of a carbon tax put it forward as a less complex method to begin pricing carbon emissions than cap-and-trade. Legislation for cap-and-trade collapsed in 2010 in the nation’s capital and preceded these meetings.
At the moment tax increases, carbon or otherwise, are unlikely to get off the ground, but the long-term view is that taxing CO2 could win support over taxing income. Furthermore, there is potential to use a carbon tax to tackle both global warming and the deficit.
So the question as to whether we can deal with climate change in a politically viable manner is still unanswered, but the future is looking brighter with the news that open discussions are occurring among bipartisan groups.
Your carbon footprint is the total amount of greenhouse gases produced to directly and indirectly support your activities. It is usually expressed in equivalent metric tonnes of carbon dioxide (CO2).
The average American is responsible for a whopping 50,000 pounds of greenhouse gas emissions annually. Some examples of your carbon footprint are:
- When your car’s engine burns fuel it creates CO2, the amount generated depends on its fuel consumption and the driving distance.
- Heating your house with oil, gas, or coal also generates CO2.
- Even if you heat (or cool) your house with electricity, CO2 is emitted during the generation of electrical power, most of which comes from coal in the US.
- When you buy food and goods, the production of the food and goods creates CO2; again, the amount depends on where the foods and goods came from and how they were created.
- Traveling on a plane generates CO2 in the same ways a car does.
- Weddings even create CO2 emissions! See this past post for more information about how to reduce your wedding’s environmental impact.
- Also consider all the indirect emissions you are in part responsible for: the roads we drive on, the schools our kids attend, the mall and grocery story, our shared military and city hall. It all adds up.
The bottom line is your carbon footprint is the sum of all carbon dioxide emissions that were generated by your activities in a given time period, typically one year.
The carbon footprint is a powerful tool in understanding your personal impact on global warming. Most people are surprised by the amount of CO2 their activities create. If you personally want to reduce your contribution to global warming, the calculation and monitoring of your carbon footprint is critical.
Carbonfund.org offers helpful calculators to estimate your carbon footprint. Individuals can follow this link for more information. http://www.carbonfund.org/individuals There is also a calculator for businesses here.
June has traditionally been the most popular month for weddings. According to the U.S. Centers for Disease Control’s National Vital Statistics Report for 2009, the latest data available on marriages, June is tied with July and closely followed by August, then September, and then October in order of most to least popular months for weddings. This means wedding season is just getting underway.
Travel, whether by air or car, generates large amounts of CO2 emissions into the atmosphere, and for most weddings is the biggest contributor to its carbon footprint. Carbonfund.org offers a helpful and easy-to-use emissions calculator to determine the level of carbon dioxide your wedding events will emit into the air.
It’s simple and affordable to have a carbon neutral wedding. If you don’t know the exact numbers try a preset amount. For example, the 15-ton preset option may be right for you if you have more than 100 guests and many of them are flying. The 50-ton option can be used for larger weddings of over 200 guests, many of whom are flying, or destination weddings, which involve a lot of travel.
As you prepare for the beginning of a new life together, it is important to share this special time with friends and family. Your wedding is a celebration of the future, and you can make it a celebration for our planet's future as well!
Go to http://www.carbonfund.org/weddings to learn more about how you can offset the global warming emissions impact of your special day.