“It is maddening right now that when we have this cosmic challenge to our communities, with the entire West Coast of the United States on fire, to have a president to deny that these are not just wildfires, these are climate fires,” Washington Gov. Jay Inslee said Sunday on ABC’s “This Week.”
*Survey methodology The Carbon Majors Database report was based on publicly available emissions data collected from 100 companies and can be read in full here. The study by Harvard University looking at the relationship between air pollution and COVID-19 deaths focused on more than 3,000 counties across the U.S. and found that a small increase […]
The government has also been working to promote electric energy and mobility to reduce overall emissions and improve air quality. “We have come up with an electric vehicle policy, aiming to have 150 buses powered with electric batteries,” said Orakzai. A station has already been set up in the national capital, Islamabad.
The economic impact of these natural catastrophes is growing quickly, according to Swiss Re, with total losses increasing fivefold since the 1980s to about $170bn today. This increase is partly due to an increase in extreme weather but also due to an increase in assets as cities and towns have grown, especially in vulnerable locations […]
The report emphasizes the potential role of a tax on carbon dioxide emissions. “A price on carbon is central to prompt mitigation,” the report concludes. It estimates that to be effective, such a price would have to range from $135 to $5,500 per ton of carbon dioxide pollution in 2030, and from $690 to $27,000 […]
The effects have been painfully felt. At least seven people have died since the start of this year’s fire season, according to Cal Fire, with thousands of homes reduced to embers. Many communities have had to order mandatory evacuations, and more than 170,000 recently went without power to prevent future blazes.
But the CFTC climate subcommittee emphasized that the “single most important step to manage climate risk” is for the United States to set a “fair, economy-wide and effective” price on carbon. The goal would be to steer capital towards clean energy and ensure that markets are appropriately pricing the disruption caused by climate change.
A Fee and Dividend bill now stands before Congress — The Energy Innovation and Carbon Dividend Act. Some politicians suggest using some of the collected fee for specific programs, but that makes the policy regressive. Other people want income restrictions on who receives the dividend, but that makes the policy more complex and makes it harder […]
“A large-scale transition to a net-zero emissions economy will pose risks to the financial system if markets and market participants prove unable to adapt to rapid changes in policy, technology, and consumer preferences. Financial system stress, in turn, may further exacerbate disruptions in economic activity, for example, by limiting the availability of credit or reducing access to certain financial […]
“THRIVE makes it very clear that we’re not leaving behind any of those communities,” said Sen. Ed MarkeyEdward (Ed) John MarkeyHillicon Valley: Election officials prepare for new Russian interference battle | ‘Markeyverse’ of online fans helps take down a Kennedy | GOP senators unveil bill to update tech liability protections Biden and taxes: He’s no […]