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American isolationism? New US EPA policy disallows the effect of US CO2 emissions on the rest of the world and vice-versa

America’s flawed logic does not reduce the Social Cost of Carbon

The Trump Administration’s assault on the US Social Cost of Carbon isolates America in a misinformed attempt to justify more fossil fuel infrastructure.

World Bank’s groupthink would leave Kosovo in the dark

The World Bank’s President Dr Jim Yong Kim has resigned. Now it is time for the bank to get real on coal power. The new President should use financial carbon metrics to re-assess the bank’s energy funding choices. While Germany’s exit from coal is long overdue, Kosovo desperately needs a new, smokeless baseload power station.   The climate science is pretty clear; to achieve the Paris 1.5°C goal the world’s carbon budget only allows us to emit another 500 gigatonnes of CO2 . While current fossil fuel infrastructure does not commit us to 1.5°C there is little scope for new fossil-fuel…

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?

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. The trouble is that by the time we find out that that all is not well, it will be too late. BAU (business as usual) is not a safe option for the US economy, which is why the CBO is also half wrong.   So,…

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

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 no additional costs.   Following the multi-agency US National Climate Assessment Report setting out the dramatic societal effects and costs that are coming with climate change, the Congressional Budget Office has dismissed the NCAR by saying that the costs will be negligible in the next decade…

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

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 and Governance) compliant and whose good governance boosts profits. As Janet Brown, of FundX Wealth Management, writes in “ESG investing — which accesses companies based in part on their environmental, social and governance policies — is a fast-growing segment of the financial landscape. Importantly,…

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

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 levels. Using data derived from the actual loss and damage costs attributable to manmade climate change triggered by fossil fuel burning since 1750, we published the world’s first, scientific carbon pricing methodology in our book ‘Predicting The Price Of Carbon’ by my colleague Richard H.…

For global GDP to survive requires both China and the United States to balance growth ambitions with the destructive effects of climate change.

Climate change ‘will inflict substantial damages on US lives’

After the recent release of the 4th US National Climate Assessment, detailing climate change impact ‘will inflict substantial damages on US lives‘, our new financial impact focused report shows two thirds of all US GDP growth scenarios are predicted to be in serious decline by 2100 as a result of the effects of climate change. Read more…

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

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 urgent.

UK: 250 scenarios of GDP growth and climate effect

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

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 to unprecedented levels. Result? Total economic collapse.

Posts | Wall was last modified: February 14th, 2018 by admin