If the Congressional Budget Office is half wrong, what is the correct response to climate change in the United States?

If the Congressional Budget Office is half wrong, what is the correct response to climate change in the United States?

Posted on 1 CommentPosted in Chairman’s Blog

The US must both decarbonise (at less than $25/tonne CO2) and re-join the Paris Accord if the US economy is to survive this century.   In our last blog we explained why the CBO is half right – the impact of climate change on the US economy in the coming decades may be relatively small. […]

If the Congressional Budget Office is half wrong, what is the correct response to climate change in the United States? was last modified: January 5th, 2019 by Bruce Menzies
GDP growth grid (for the historical range of US GDP growth): long term survival of the US economy depends on the US adopting actions in support of (or equivalent to) the Paris Climate Agreement, but not at any cost.

The Congressional Budget Office is half right… but also half wrong

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In being half wrong, the CBO imperils the US economy. Climate change costs may be relatively small today but like the Boiled Frog Syndrome if and when the costs grow it will be too late to do anything. The Trump Administration should accept the climate science and start addressing the issue realistically. There need be […]

The Congressional Budget Office is half right… but also half wrong was last modified: January 2nd, 2019 by Bruce Menzies
The Global Climate Risk Map shows Dollar values of climate risk for 520 cities worldwide. This snapshot shows the risks at play in the southern US, Central America and northern South America. The massive eastern US risk is on the horizon.

Apply Carbon Financial Risk Metrics to identify Responsible Investments that reward investors while saving the planet

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December 2018 – with populist riots against carbon taxation in France, and a weak agreement at COP24 in Poland, ESG-based Responsible Investment propositions can take the heat out of climate change and reap financial rewards too.   Done well, Responsible Investment is a virtuous circle, rewarding investors for choosing corporations who are ESG (Environmental, Social […]

Apply Carbon Financial Risk Metrics to identify Responsible Investments that reward investors while saving the planet was last modified: January 4th, 2019 by Bruce Menzies
Climate loss projections expressed as carbon prices for 2017 for five South American countries and China using PAL’s Universal Carbon Price (PAL-UP). If adopted globally, PAL-UP would be over 90% revenue efficient.

The price of carbon is y = Lx / C

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Using this simple equation, Dollar-based climate losses for Mexico, Brazil, Chile, Colombia and Peru are compared with those for China and the US in Dollars per tonne CO2 – not just tonnes CO2   Financial metrics applied to economic scenarios are invaluable for assessing the risks associated with climate change at global, national and city […]

The price of carbon is y = Lx / C was last modified: January 4th, 2019 by Bruce Menzies
PAL Climate Risk Map

London’s annual cost of climate change is already a staggering $3.9Bn and is rising much faster than its GDP

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New Global Climate Risk Map identifies, quantifies and puts Dollar figures on Climate Change Risk for 520 cities worldwide With international agreement on climate change policy still a distant dream, the need for individual cities to grasp the financial implications of their local vulnerability to the ravages of unabated global warming has never been so […]

London’s annual cost of climate change is already a staggering $3.9Bn and is rising much faster than its GDP was last modified: November 23rd, 2018 by Bruce Menzies
UK: 250 scenarios of GDP growth and climate effect

UK faces 88% risk of economic collapse from Climate Change this century

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An unprecedented 4% growth in GDP is the UK’s only hope for survival – but at what cost of decarbonisation? In our new modelling, we examine a full range of decarbonisation costs from $0-100 per tonne CO2. It shows the calamitous effect upon the UK of high decarbonisation costs and a failure to increase GDP […]

UK faces 88% risk of economic collapse from Climate Change this century was last modified: January 4th, 2019 by Bruce Menzies
For global GDP to survive requires both China and the United States to balance growth ambitions with the destructive effects of climate change.

New study shows multiple, ruinous impacts of Climate Change on global GDP, country by country – some within a generation

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By 2100, two thirds of all US GDP growth scenarios are predicted to have collapsed or be in the process of collapse. For China, all scenarios grow. On 8th October 2018, Professors William Nordhaus and Paul Romer were awarded the Nobel Prize for their work on economic growth and climate change. The UN IPCC’s landmark […]

New study shows multiple, ruinous impacts of Climate Change on global GDP, country by country – some within a generation was last modified: November 4th, 2018 by Bruce Menzies

The Thames Barrier has saved London – but is it time for TB2?

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Its increasing deployment trend compares well with that of PAL’s correlation of extreme weather-related disasters and global warming – another evidence-based validation of PAL’s algorithm-based predictability. The Thames Barrier has saved London – but is it time for TB2? was last modified: November 25th, 2018 by Bruce Menzies

The Thames Barrier has saved London – but is it time for TB2? was last modified: November 25th, 2018 by Bruce Menzies
economic growth and climate change - real GDP tipping point plotted against time.

Our on-going ‘business-as-usual’ CO2 emissions will collapse the global economy by mid century – we must reduce them much faster or we’ll become ‘boiled frogs’

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Boiled frog syndrome is when you think nothing much is wrong until suddenly you realise it’s too late and you have run out of time to prevent catastrophe. The boiled frog fable imagines that a frog dropped into boiling water will jump out immediately. However, if the frog is immersed in tepid water that is then slowly heated, the frog gets […]

Our on-going ‘business-as-usual’ CO2 emissions will collapse the global economy by mid century – we must reduce them much faster or we’ll become ‘boiled frogs’ was last modified: October 22nd, 2018 by Bruce Menzies

The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality

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The twin threats to London of fluvial flooding and storm surges are no longer exceptional. The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality was last modified: November 25th, 2018 by Bruce Menzies

The ever-increasing deployment of London’s River Thames Barrier is stark testimony that climate change is now a grim reality was last modified: November 25th, 2018 by Bruce Menzies