Instead of panicking, fight climate change with innovation
3 years, 9 months ago

Instead of panicking, fight climate change with innovation

China Daily  

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend $500 billion each year on climate policies－about 13 percent of the entire federal revenue. The UN Intergovernmental Panel on Climate Change found that of the 128 analyzed climate policies, all made us poorer. Tellingly, European Commission Vice-President Frans Timmermans recently admitted that climate policies would be so costly that it would be a "matter of survival for our industry" without huge, protective border taxes. Yet politicians focus on ever stronger climate policies that would lower and potentially eradicate growth over the coming decades.

Energy Climate Change Change Climate Policies Green Energy China Daily Spend Policies Rich Countries Fight Climate Equivalent Cost  growth  change  rich  countries  innovation  energy  green  equivalent  cost  instead  panicking  policies  spend  fight  climate

History of this topic

Why green investments have become the last line of defense for Biden’s climate agenda
4 weeks ago

Why green investments have become the last line of defense for Biden’s climate agenda

CNN  

CNN — Can the green shoots of clean energy break through the “brown blockade”? The brown blockade is the phrase I’ve used to describe the hardening tendency of the states most deeply integrated into the existing oil and gas economy, as either major producers or consumers of fossil fuels, to support Republican presidential and congressional candidates who are resolutely opposed …

COP29 negotiators seek climate finance deal as deadline looms
Trending News
1 month ago

COP29 negotiators seek climate finance deal as deadline looms

Al Jazeera  

Vulnerable nations are seeking $1.3 trillion to deal with damage from climate change and to adapt to that change. With time running down, negotiators at the United Nations’ annual climate talks have returned to the puzzle of finding an agreement to bring far more money for developing countries to adapt than wealthier countries have shown they are willing to pay. …

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare
1 month, 1 week ago

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare

BBC  

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare Getty Images As countries negotiate a new global goal to raise climate cash, these five charts show why discussions are so fraught. "Developing countries eager to act are facing many obstacles: scant public finance; raging cost of capital; crushing climate disasters; and debt servicing that soaks up funds," …

The energy transition will be much cheaper than you think
1 month, 1 week ago

The energy transition will be much cheaper than you think

The Economist  

Your browser does not support this video. Briefing | Carbon bargain The energy transition will be much cheaper than you think Most analysts overestimate energy demand and underestimate technological advances Video: Jiaqi Wang P eople who want to do more to fight climate change and those who want to do less tend to have one thing in common. Donald Trump, …

Countries at COP29 urged to invest trillions to cope with climate change
1 month, 1 week ago

Countries at COP29 urged to invest trillions to cope with climate change

Al Jazeera  

Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit. “Investments in all areas of climate action must increase across all economies,” said the report published on …

A shadow ‘financial crisis’ has cost the world $2 trillion
1 month, 2 weeks ago

A shadow ‘financial crisis’ has cost the world $2 trillion

CNN  

CNN — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. The report from the International Chamber of Commerce, which comes as the United Nations Climate Change Conference begins in Azerbaijan this week, estimated that the …

European climate agency says this will likely be the hottest year on record — again
Trending News
1 month, 2 weeks ago

European climate agency says this will likely be the hottest year on record — again

New Indian Express  

CHICAGO: For the second year in a row, Earth will almost certainly be the hottest it’s ever been. And for the first time, the globe this year reached more than 1.5 degrees Celsius of warming compared to the pre-industrial average, the European climate agency Copernicus said Thursday. Buontempo said the data clearly shows the planet would not see such a …

The Climate Crisis: A Crucial Choice for the Future of Earth
1 month, 3 weeks ago

The Climate Crisis: A Crucial Choice for the Future of Earth

CNN  

The upcoming election in the United States will have significant implications for the planet, as voters will decide whether to address the issue of climate change or to continue down a path of denial. The outcome of this election could have a major impact on the future of the planet, with the potential to either save humanity or destroy it.

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns
2 months ago

Climate Crisis: World Paying a Terrifying Price for Inaction, UN Warns

Al Jazeera  

UN Secretary-General Antonio Guterres has warned that current climate policies will result in global warming of more than 3 degrees Celsius (5.4 degrees Fahrenheit) by the end of the century. The report also finds that the world faces as much as 3.1C (5.6F) of warming above pre-industrial levels by 2100 if governments do not take greater action on slashing planet-warming …

Opinion: Desperate for good news about climate change? Consider the pace of clean energy growth
2 months, 3 weeks ago

Opinion: Desperate for good news about climate change? Consider the pace of clean energy growth

LA Times  

Climate change has been viewed almost universally as a burden, a hot potato to be passed from country to country at annual climate change conferences. Although it’s widely known that climate-friendly solar and wind energy have become cheaper and easier to produce, most don’t realize that they are very likely to get even less expensive and grow quickly. Applying these …

Who should bear the costs of global warming? The consumer or industry?
4 months ago

Who should bear the costs of global warming? The consumer or industry?

Hindustan Times  

The regularity and costs of natural and human made disasters has only grown in the 21st century. The top five greenhouse gas emitting countries have collectively caused about $ 6 trillion in global economic losses between 1990 and 2014, and the losses have been felt disparately. Global warming The top five greenhouse gas emitting countries in 2024 are China, the …

A nation supporting renewables, green transition should be commended
6 months, 1 week ago

A nation supporting renewables, green transition should be commended

China Daily  

People visit the 21st Guangzhou International Automobile Exhibition held in Guangzhou of Guangdong province, Nov 19, 2023. Without China's development in the renewable energy sector, the global progress on climate change would be much slower and more costly. China's new energy vehicle sales rose 33.5 percent year-on-year in April 2024, far outpacing the overall increase in vehicle sales, and the …

New study calculates climate change’s economic bite will hit about $38 trillion a year by 2049
8 months ago

New study calculates climate change’s economic bite will hit about $38 trillion a year by 2049

Associated Press  

Climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary hit, a new study said. “Our analysis shows that climate change will cause massive economic damages within the next 25 years …

Fresh global model needed in climate change fight
10 months, 2 weeks ago

Fresh global model needed in climate change fight

China Daily  

A person walks past a "#COP28" sign. The agreement reached at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP28, held in the United Arab Emirates from Nov 30 to Dec 13, signals the beginning of the end for the fossil fuel era, with a tripling of renewable energy capacity sought by …

Countries promise millions for damages from climate change. So how would that work?
1 year ago

Countries promise millions for damages from climate change. So how would that work?

NPR  

Countries promise millions for damages from climate change. Enlarge this image toggle caption Spencer Platt/Getty Images Spencer Platt/Getty Images As climate change negotiations kicked off in Dubai, countries reached a historic agreement for a new fund to help developing countries which bear the brunt of climate impacts. More than $400 million was announced, with the largest pledges coming from Germany …

Climate change’s $150 billion hit to the US economy
1 year, 1 month ago

Climate change’s $150 billion hit to the US economy

Live Mint  

The U.S. now experiences an extreme weather event in which damages and costs top $1 billion every three weeks. Other economic consequences of climate change will become more severe unless the country invests more in clean energy and adapts cities to higher temperatures and rising sea levels, according to the assessment. “While some economic impacts of climate change are already …

Aiming for sustainable development
1 year, 3 months ago

Aiming for sustainable development

China Daily  

WANG XIAOYING/CHINA DAILY The extreme weather events across the world are just some of the consequences of climate change. In 2020, the UN Intergovernmental Panel on Climate Change, in its Sixth Assessment Report, painted a grim picture of the disastrous consequences of rising global temperatures, and urged UN member states to limit global temperature rise to below 1.5 C. Since …

Aiming for sustainable development
1 year, 3 months ago

Aiming for sustainable development

China Daily  

WANG XIAOYING/CHINA DAILY The extreme weather events across the world are just some of the consequences of climate change. In 2020, the UN Intergovernmental Panel on Climate Change, in its Sixth Assessment Report, painted a grim picture of the disastrous consequences of rising global temperatures, and urged UN member states to limit global temperature rise to below 1.5 C. Since …

Fossil fuel reform can finance our future
1 year, 5 months ago

Fossil fuel reform can finance our future

Al Jazeera  

Last week, representatives from states and international organisations attended the Summit for a New Global Financial Pact in Paris – a first-of-its-kind conference aimed at examining how the global financial system exacerbates economic challenges for the Global South. It is no coincidence that the countries benefitting from the current system are the same states that have been instrumental in the …

Editorial: We’re cementing climate denial with every fossil fuel project
1 year, 9 months ago

Editorial: We’re cementing climate denial with every fossil fuel project

LA Times  

A coal-fired power plant in Germany. A United Nations climate report warns that global warming is on track to exceed 1.5 degrees Celsius by the early 2030s without swift reductions in greenhouse gas pollution. The U.N’s scientific assessment, approved by 195 nations, says that existing and planned fossil fuel infrastructure — all of the coal-fired power plants, oil wells and …

World’s most promising anti-greenwashing tool scuttled
1 year, 9 months ago

World’s most promising anti-greenwashing tool scuttled

Al Jazeera  

One year ago, hopes were high for what was considered to be the most important environmental legislation in Europe. But a long-delayed decision was made by the European Commission that ultimately included nuclear power and gas as “environmentally sustainable economic activities”. Their argument is that the “sustainable” label given to nuclear energy and natural gas breaches the EU’s climate commitments, …

Climate change could cost Germany 900 billion euros by 2050
1 year, 9 months ago

Climate change could cost Germany 900 billion euros by 2050

India Today  

With climate change raging across the world and extreme weather events becoming the norm of the day, countries are highly vulnerable to massive financial damage. A study has now revealed that extreme weather events could cost Germany up to 900 billion euros in cumulative economic damage by mid-century. Germany's economy and environment ministries cited the study as showing that extreme …

Can poor countries afford to go green?
2 years ago

Can poor countries afford to go green?

The Hindu  

The 27th United Nations Climate Change Conference concluded on November 20 in Sharm el-Sheikh Egypt. Nearly 200 countries pledged to set up a ‘loss and damage fund’ to help vulnerable countries affected by climate change. How can poor countries weigh the cost of climate change against the economic cost of cutting down on fossil fuel use? COP27 | India hails …

Sunanda K. Datta-Ray | Deal on climate, but hard decisions put off till 2023
2 years, 1 month ago

Sunanda K. Datta-Ray | Deal on climate, but hard decisions put off till 2023

Deccan Chronicle  

Hearing Gianni Infantino, Fifa’s Swiss-born ethnic Italian president, declare “I think for what we Europeans have been doing the last 3,000 years, we should be apologising for the next 3,000 years before starting to give moral lessons to people”, millions of TV watchers worldwide may have wondered if it was the moment of truth, the epiphany that would erase the …

Behind the smokescreen around private climate finance
2 years, 1 month ago

Behind the smokescreen around private climate finance

The Hindu  

Over the last few years, developed countries have insisted upon two points on the issue of climate finance. The OECD 2020 data, however, shows that the mobilisation of private climate finance has underperformed against the expectations of developed countries falling short by 60 percentage points, $13.1 billion in 2020 against $33 billion in the road map. Further, although many developed …

Why it makes economic sense to shift to renewable energy now
2 years, 2 months ago

Why it makes economic sense to shift to renewable energy now

Live Mint  

One of the commonest bogeys raised by those resisting the transition from fossil fuels to renewable energy, is that doing so will be too expensive. The International Monetary Fund stated earlier this month that steps to reduce greenhouse gas emissions by 25% by 2030 would lead to higher inflation and lower growth. In its World Economic Outlook 2022, the IMF …

Carbon should cost 3.6 times more than US price, study says
2 years, 3 months ago

Carbon should cost 3.6 times more than US price, study says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Our results suggest that we …

Carbon should cost 3.6 times more than US price, study says
2 years, 3 months ago

Carbon should cost 3.6 times more than US price, study says

Associated Press  

Each ton of carbon dioxide that exits a smokestack or tailpipe is doing far more damage than what governments take into account, researchers conclude in a scientific paper published Thursday. “Our results suggest that we are vastly underestimating the harm from each additional ton of carbon dioxide in the atmosphere,” said Kevin Rennert, a study author and director of the …

US House poised to pass sweeping climate bill to push American energy to go green
2 years, 4 months ago

US House poised to pass sweeping climate bill to push American energy to go green

Firstpost  

The crux of the long-delayed bill, singularly pushed by Democrats in a closely divided Congress, is to use incentives to spur investors to accelerate the expansion of clean energy such as wind and solar power, speeding the transition away from the oil, coal and gas that largely cause climate change Washington: After decades of inaction in the face of escalating …

Sweeping climate bill pushes American energy to go green
2 years, 4 months ago

Sweeping climate bill pushes American energy to go green

Associated Press  

WASHINGTON — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The climate bill is likely to spur billions in private investment, she said: “That’s what’s going to be so transformative.” The bill promotes vital technologies such …

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show
2 years, 4 months ago

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show

Huff Post  

LOADING ERROR LOADING The potential climate and economic benefits of the surprise reconciliation package Democrats unveiled last week and are likely to pass as soon as this weekend are starting to come into a clearer view. Researchers have crunched the numbers to forecast how the more than 100 climate provisions in the $740 billion deal, called the Inflation Reduction Act, …

Here’s what’s in the Senate’s $369 billion climate and energy bill
2 years, 4 months ago

Here’s what’s in the Senate’s $369 billion climate and energy bill

Salon  

It's been a dangerously hot, rainy, fiery summer in the United States. And it contains a bounty of new funding for clean energy, mostly in the form of tax credits for businesses and individuals that would substantially reduce the nation's reliance on dirty fuels. There's also a whole slew of new tax credits that will help other forms of clean …

Editorial: Surprise Senate deal on climate change should be only the beginning
2 years, 4 months ago

Editorial: Surprise Senate deal on climate change should be only the beginning

LA Times  

Sen. Joe Manchin III is met by reporters outside the hearing room where he chairs the Senate Committee on Energy and Natural Resources. Just weeks after President Biden’s climate agenda was declared dead because of opposition from West Virginia Sen. Joe Manchin III, a sudden reversal came Wednesday night: a deal to move forward with legislation to fight climate change. …

Does the climate crisis fill you with dread? It doesn’t have to
2 years, 5 months ago

Does the climate crisis fill you with dread? It doesn’t have to

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Most people don’t want to read depressing news all the time, according to research – they just switch to …

Biden Says Energy Plan Will Fight Climate Change, Inflation In State Of The Union Speech
2 years, 9 months ago

Biden Says Energy Plan Will Fight Climate Change, Inflation In State Of The Union Speech

Huff Post  

LOADING ERROR LOADING President Joe Biden honed a pragmatic new message on climate change in his first State of the Union speech Tuesday evening, recasting his sweeping proposal to spend more than any country ever has on clean energy as a way to simultaneously combat the rise in U.S. planet-heating emissions and inflation. And we’ll do it to withstand the …

Climate change will be expensive. Who should pay?
2 years, 10 months ago

Climate change will be expensive. Who should pay?

Politico  

Message to business: Pay up! Among U.S. respondents, 41 percent said corporations should fund “a lot” of the costs associated with combating global warming. The feeling is global The sentiment isn’t limited to the U.S. More than 40 percent of respondents in the U.K., Canada, France, Germany, Mexico, Russia, and South Africa also said companies should bear a lot of …

Editorial: Go narrow and deep. The three things the U.S. must accomplish in 2022
2 years, 11 months ago

Editorial: Go narrow and deep. The three things the U.S. must accomplish in 2022

LA Times  

Our nation has waffled on climate change or introduced only minor changes. Rising sea levels threaten populations in low-lying coastal areas across the world — it’s already felt in Africa, according to a Nigerian climate report — and large-scale resettlement of those people would almost certainly lead to widespread famine and political destabilization. It contains $555 billion to incentivize renewable …

US climate pledge faces test in Senate with global impact
3 years, 1 month ago

US climate pledge faces test in Senate with global impact

Associated Press  

WASHINGTON — After talking the climate talk at U.N. negotiations in Scotland, the Biden administration now tests whether a divided United States can walk the climate walk: push a massive investment for a new era of clean energy through the narrowest of margins in the Senate. “The problem is that when you have these storms that are coming with such …

Money For Green Energy Creates More Jobs Than Fossil Fuel Investment, New Study Finds
3 years, 2 months ago

Money For Green Energy Creates More Jobs Than Fossil Fuel Investment, New Study Finds

Huff Post  

Wind turbines turn in a strong wind in Germany. picture alliance via Getty Images As Congress debates whether to pare down the Biden administration’s signature climate proposals or allow the fossil fuel industry to benefit more from new government programs, new research suggests doing so would create far fewer jobs. For every million dollars the United States government invests, solar …

United States nears first major steps to control CO2 emissions
3 years, 4 months ago

United States nears first major steps to control CO2 emissions

Al Jazeera  

As scientists raise alarm on global warming, the US is close to adopting sweeping green energy and emissions measures. The United States is preparing to adopt a raft of new energy policies that will for the first time put the US – the world’s second-worst polluter after China – on a path to meeting its pledge to cut greenhouse emissions …

Costs in climate change fight unevenly distributed; Big business paying too little
3 years, 5 months ago

Costs in climate change fight unevenly distributed; Big business paying too little

NL Times  

Citizens and SMEs in the Netherlands pay far more energy tax than the climate damage they cause, while industry, aviation and shipping pay too little, the Netherlands' environmental assessment agency PBL concluded in a study into who exactly pays for which greenhouse gas emissions. The energy tax on electricity and gas in the Netherlands is structured in such a way …

New infrastructure deal must focus on climate,...
3 years, 5 months ago

New infrastructure deal must focus on climate,...

Daily Mail  

Climate activists and their Democratic allies in Congress are pressing with renewed urgency for huge investments to slow global warming, after a bipartisan infrastructure plan cut out some of President Joe Biden's key climate initiatives. Climate activists and their Democratic allies in Congress are pressing with renewed urgency for huge investments to slow global warming, after a bipartisan infrastructure plan …

Global emissions goals come with big cost and political hurdles
3 years, 7 months ago

Global emissions goals come with big cost and political hurdles

Live Mint  

Countries aiming to sharply reduce their emissions to meet climate goals must be prepared for staggering costs and looming political battles as they seek to overhaul swaths of their economies, climate analysts and economists say. China needs to invest $21 trillion over three decades to overhaul transportation, industry and construction while building nuclear, wind and solar production facilities to reach …

Instead of panicking, fight climate change with innovation
3 years, 9 months ago

Instead of panicking, fight climate change with innovation

China Daily  

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend $500 billion each year on climate policies－about 13 percent of the entire federal revenue. The UN Intergovernmental Panel on Climate Change found that of the 128 analyzed climate policies, all made us poorer. Tellingly, European Commission …

Want to Know More About the Candidates and Climate Change? Read This.
4 years, 2 months ago

Want to Know More About the Candidates and Climate Change? Read This.

New York Times  

This is the most common question asked of any politician who proposes to fight climate change: How much will it cost? But there is another equally important question: How much will it cost to not fight climate change? The federal government’s National Climate Assessment warns that even moderate warming could cost the American economy hundreds of billions of dollars each …

Climate change is actually pretty easy to solve — even easier than Joe Biden thinks
4 years, 5 months ago

Climate change is actually pretty easy to solve — even easier than Joe Biden thinks

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. And the message behind Democratic presidential …

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