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.
According to a study by the American Bus Association, motor coaches are the most fuel-efficient transportation mode in North America, in terms of passenger miles per gallon of fuel. As a result, motor coaches are on average seven times more fuel-efficient than single occupancy automobiles, making motor coaches the most environmentally-friendly option for group transportation needs.
Carbonfund.org makes it simple for environmentally-conscious transportation companies, such as CarbonFree® partner The Convention Store (TCS), to further enhance their fuel-efficient coaches by offsetting fuel-related emissions. TCS specializes in providing ground transportation services to large-scale meeting planners, conferences and events throughout the United States and Canada.
TCS monitors, designs and implements the most efficient travel routes for their clients to decrease the distance of each trip; then they augment their large-capacity fuel-efficient transportation services by offsetting all carbon emissions from their motor coach services. This in turn supports Carbonfund.org’s clean air and carbon reduction technology projects.
“We chose to partner with Carbonfund.org because they not only offer ways to offset our carbon footprint but are building a network of other companies that care about our environment as much as we do,” says TCS CEO Sean Higgins. “It is amazing to watch the list of partners grow and know the amount of change that we will all bring by partnering with Carbonfund.org.”
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.
More than a couple of our past blog posts have covered how increasingly extreme weather is the product of climate change. However, have you stopped to ask yourself what that really means? How will climate change affect us and future generations? What things that we currently enjoy will be unavailable to our children?
A recent article covers some things that global warming is likely to ruin for our kids; things such as coffee, chocolate, strawberries. And the list isn’t limited to agricultural food items. Say goodbye to blazing fast Wi-Fi. Also your favorite vacation spot or even your home may be underwater in a few, short decades time. The country you live in may disappear. The article has some shocking images of Greenland melting away.
So what’s it going to take to help preserve the Earth as we know it? Global carbon emissions need to be reduced 80% by 2050. The U.S. has already pledged to reduce greenhouse gas emissions from 2005 levels by approximately 17%. Eventually legislation will be enacted increasing the goal to a 30% reduction in 2025 and a 42% reduction in 2030, with the ultimate goal of reducing emissions 83% by 2050.
Do your part in reducing carbon emissions and getting us closer to meeting the goals outlined above. Start by switching your Internet browser to www.envirosearch.org. Your regular, daily Internet search activities will begin contributing to renewable energy, reforestation, and energy efficiency projects. Then go to www.carbonfund.org for ideas on how to reduce your carbon footprint and offset carbon emissions. By working together, and each doing our part, we can change the fate of the planet.
We can do a lot as individuals to combat global warming. But it is undeniable that governments can do more since they harness the power of the collective. The Obama administration’s strategy is to control global warming emissions through regulation. This week a huge victory was given to both the administration and the Environmental Protection Agency (EPA) by the federal appeals court in the District of Columbia. The decision was unanimous in upholding the agency’s landmark rulings to control greenhouse gases.
The issue seems like a “no brainer” that the EPA should regulate greenhouse gases. However, dozens of lawsuits from industry groups and 14 states challenged four rules that aim to limit greenhouse gases. The biggest rule is the EPA’s 2009 “endangerment finding” and the foundation on which the other three rules rest. The EPA contended, and was vindicated in this ruling, that carbon dioxide and other greenhouse gas emissions constitute a danger to public health and therefore could be regulated under the Clean Air Act. The three-judge panel acknowledged and gave credence to climate change as a real and legitimate threat to public health and safety. So now climate change deniers have less of a leg to stand on; the EPA based its case on sound science and careful research which stood up to a rigorous judicial review and emerged victorious.
The ruling cleared the way for the EPA to proceed with clean car standards and restrictive permits on power plants and other major industrial polluters. Perhaps now power plants will put increased effort into developing cost-effective and reliable methods to capture carbon emissions, or at least offset them. If not, the future will certainly be in renewable energy sources now that there are stricter limitations on greenhouse gas emissions.