Joe Bloggs and the Only Price of Carbon that Matters

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The incessant roar from governments and policy makers, international conglomerates, entrepreneurs and business leaders the world over, as they clamour vociferously for a carbon price, is not just deafening, it’s exhausting. Even poor old Joe Bloggs, that much-beloved proverbial man in the street, wants one – if only because he’s rapidly succumbing to climate change […]

Joe Bloggs and the Only Price of Carbon that Matters was last modified: June 16th, 2017 by Bruce Menzies
cyclone gafilo

Towards a Trillion Dollars of Carbon-Related Loss & Damage in 2016

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The global loss and damage arising from all weather events that were attributable to man-made climate change in 2016 was   $953,905,000,000   This is based upon estimated carbon emissions for 2016 of 37,705,000,000 tCO2, and PAL’s global one-year Carbon Loss Index (CLIX) of $25.30 per tonne of CO2. The CLIX benchmark measures loss and damage attributable to […]

Towards a Trillion Dollars of Carbon-Related Loss & Damage in 2016 was last modified: July 18th, 2017 by Richard Clarke

Are we CLEAR? Carbon Liability to Earnings and Assets Ratios are here

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What is “Carbon Liability to Earnings and Assets Ratio” Carbon Liability to Earnings Ratio (CLEAR) is the ratio of a company’s direct greenhouse gas (GHG) emissions liability to company earnings.   It is calculated as: CLEAR = (Direct GHG emissions x Carbon Price) / Earnings   When calculating, it is preferable to use an Earnings before interest, tax, depreciation […]

Are we CLEAR? Carbon Liability to Earnings and Assets Ratios are here was last modified: August 8th, 2017 by Edward Coe

Loss and damage associated with Climate Change impacts to reach $1 trillion a year by 2021

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Climate change  is once again under the microscope at COP22 this month and one point in particular will be a review of the previously established Warsaw International Mechanism for Loss and Damage and whether developed countries would be able to fulfil their commitment to provide a total of $100bn a year of financial aid by 2020. PAL’s view is that the […]

Loss and damage associated with Climate Change impacts to reach $1 trillion a year by 2021 was last modified: August 8th, 2017 by Edward Coe

Hinkley Point C Nuclear Power Station will save £40 billion in climate damages

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Hinkley Point C Nuclear Power Station – Enhanced Carbon Audit LCA Case Study This report published by PAL focuses on the proposed 3.2 GW Hinkley Point C nuclear power station. Its aim is to track direct and indirect carbon emissions over the total lifetime of the plant – cradle to grave – and to determine a […]

Hinkley Point C Nuclear Power Station will save £40 billion in climate damages was last modified: April 25th, 2017 by Edward Coe

How long will carbon emissions remain in the atmosphere?

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How long will anthropogenic (man made) CO2 remain in the atmosphere? It is an easy question to ask.  There is no simple answer, although ‘forever’ is a good and somewhat terrifying approximation.  However,  it partly depends on how fast we emit the CO2 and at what concentration we stop emitting CO2. “Equilibration among the various […]

How long will carbon emissions remain in the atmosphere? was last modified: August 16th, 2017 by Edward Coe

How will global warming impact insurance claims?

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In Science magazine, one of the leading US research journals, there is a comprehensive overview of the evolving impact of climate change on the insurance industry by Evan Mills[17], a senior scientist at LBNL (Lawrence Berkeley National Laboratory).  Mills is a respected chronicler of the insurance industry’s action on climate change.  One graph stands out. […]

How will global warming impact insurance claims? was last modified: May 12th, 2017 by Richard Clarke

A financial comparison of climate change impacts at 1.5C and 2C

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An article caught my eye recently: Scientists compare climate change impacts at 1.5C and 2C by Carbon Brief. We have some insight into the interconnectedness of extreme weather events and climate change, so we decided to take a look at the effect a 1.5°C at 2°C world might have on the expected financial loss and damage arising from extreme weather […]

A financial comparison of climate change impacts at 1.5C and 2C was last modified: August 10th, 2017 by Edward Coe
didcot power station, the price of carbon

Twenty Billionth Dollar | Carbon Damage 2016

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PAL estimated natural disaster damages attributable to climate change for 2016 so far are   $32,286,000,000   This is based on a carbon global one year carbon price of $22.84 /tCO2 and estimated carbon emissions for 2016 of 39,039,100,000 tCO2. Refer to  the 2015 Carbon Liability Clock for a comparison to what happened in the previous year. Twenty Billionth Dollar […]

Twenty Billionth Dollar | Carbon Damage 2016 was last modified: August 8th, 2017 by Edward Coe

Carbon Dioxide: Why is it bad, or is it just hot air?

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Carbon dioxide (CO2) is  a naturally occurring gas that is vital to life on earth.  Carbon dioxide exists in our atmosphere as a trace element of about 400 ppm (parts per million).  It is part of the Earth’s ‘carbon cycle’.  It is produced by plants (photosynthesis), produced by animals (a product of respiration) and by combustion […]

Carbon Dioxide: Why is it bad, or is it just hot air? was last modified: August 8th, 2017 by Edward Coe