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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.

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

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 report on the perils of exceeding 1.5°C of global warming, published on the same day, hardly mentions the effect of climate change on growth. Yet the survival of our global economy is at stake unless the balance between growth and climate change is tackled.

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

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.

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’

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 used to the gradually increasing heat before realizing – too late – that it cannot escape being boiled alive. How did this metaphor for our present day attitude to climate change come about?

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

The twin threats to London of fluvial flooding and storm surges are no longer exceptional.

How does PAL scientifically place a dollar cash valuation of over $6billion on New York City’s claim against the five Big Oil?

PAL’s methodology is a classic research narrative that reveals the tip of a $1.8 trillion iceberg of potential claims from cities across the globe. In brief, PAL’s step-by-step research narrative goes like this: historically GDP has driven emissions, emissions drive temperature increases, increased temperatures drive more extreme weather, which in turn increases insured and uninsured loss and damage.

Potential claims liability against 5 big oil for cities with climate risk

$1.8trillion in compensation claims against 5 Big Oil is potentially at stake – twice their combined market capitalization – if all major cities with climate risk follow New York City’s lead

New York City’s claim is paving the way to an enormous black hole in the share value of 5 Big Oil (and other oil companies too). The staggering sums scoping the size of their potential liability from climate-related claims is a warning to asset managers and pension fund administrators. The 5 Big Oil companies should identify this potential liability as Value at Risk (VaR) in their annual reports: failure to do so could be seen by shareholders as a lack of transparency.

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