Tag Archives: Intergovernmental Panel on Climate Change

Citing $69 Trillion Price Tag by 2100, Moody’s Warns Central Banks of Far-Reaching Economic Damage of Climate Crisis

“There is no denying it: The longer we wait to take bold action to curb emissions, the higher the costs will be for all of us.”

By Jessica Corbett, staff writer for Common Dreams. Published 7-3-2019

Arid soils are shown in Mauritania in 2012, when crops failed because of a severe drought which led to a food crisis that impacted millions of people across West Africa. (Photo: Oxfam International/Flickr/cc)

Noting previous warnings that the human-caused climate crisis could cause trillions of dollars in damage to the global economy by the end of the century, a new report from Moody’s Analytics explores the economic implications of the international community’s failure to curb planet-warming emissions.

Moody’s Analytics chief economist Mark Zandi told The Washington Post—which first reported on the new analysis—that this is “the first stab at trying to quantify what the macroeconomic consequences might be” of the global climate crisis, and it comes in response to European commercial banks and central banks. The climate emergency is “not a cliff event. It’s not a shock to the economy. It’s more like a corrosive,” Zandi added. But it is “getting weightier with each passing year.” Continue reading

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‘Blatant Attempt to Politicize the Science’: Trump Reportedly Moving to End Long-Term Studies of Climate Crisis

“The Trump gang is attacking the scientific process itself in an attempt to prop up fossil fuel industries, delay inevitable action, and run the carbon bubble as long as it will last.”

By Jake Johnson, staff writer for Common Dreams. Published 5-28-2019

The Camp and Woolsey fires in California cost at least $9-13 billion in damage, according to a Christian Aid report published Thursday. (Photo: U.S. Forest Service)

In what environmental experts warned could be President Donald Trump’s most dangerous assault on science yet, the White House is reportedly moving to end long-term assessments of the impacts of the climate crisis while pushing a polluter-friendly agenda that is making the planetary emergency worse.

As the New York Times reported late Monday, “the White House-appointed director of the United States Geological Survey, James Reilly, a former astronaut and petroleum geologist, has ordered that scientific assessments produced by that office use only computer-generated climate models that project the impact of climate change through 2040, rather than through the end of the century, as had been done previously. Continue reading

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Over 1,351 Climate Strikes in 110 Countries Planned for Friday as Global Revolt Escalates

“Activism works. So act.”

By Julia Conley, staff writer for Common Dreams. Published 5-21-2019

People in more than 100 countries are expected to take part in well over 1,000 strikes on Friday, May 24 to demand climate action from their governments. (Photo: @ExtinctionR/Twitter)

Two months after what was reportedly the largest international climate demonstration ever, young people around the world are expected to make history again on Friday with a second global climate strike.

Sixteen-year-old Greta Thunberg, who began the global movement in which students around the world have walked out of their classrooms on a weekly basis since last fall to demand climate action, reported Tuesday that at least 1,351 separate strikes are now scheduled to take place all over the world on Friday. Continue reading

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Warnings of ‘Destructive and Irreversible Impacts’ as Greenhouse Gases Hit Highest Levels in 3-5 Million Years

“The science is clear,” says the head of the World Meteorological Organization. “The window of opportunity for action is almost closed.”

By Jessica Corbett, staff writer for Common Dreams. Published 11-22-2018

Atmospheric concentrations of planet-warming gases have hit record highs, according to a leading U.N. climate agency. (Photo: Tony Webster/Flickr/cc)

As communities most impacted by the climate crisis ramp up demands for urgent global action, atmospheric concentrations of the top three greenhouse gases driving global warming have hit record high levels, according to the World Meteorological Organization (WMO) out Thursday.”

Last year, as the latest WMO Greenhouse Gas Bulletin (pdf) details, average concentrations of carbon dioxide, methane, and nitrous oxide all rose—with CO2 hitting 405.5 parts per million (ppm), its highest level in a few million years.

The report also noted that there was a “resurgence of a potent greenhouse gas and ozone-depleting substance”—called trichlorofluoromethane, or CFC-11—likely tied to “increased emissions associated with production of CFC-11 in eastern Asia.” Continue reading

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In ‘Historic Moment’ for Climate Action, Wales Pledges to Leave Its Remaining Coal in the Ground

“More countries must rapidly follow the path of Wales in leaving fossil fuels in the ground and transitioning to renewables.”

By Julia Conley, staff writer for Common Dreams. Published 10-22-2018

Breaking with its past as one of the world’s top coal users, Wales announced it would end its use of all fossil fuels following the IPCC’s report on the climate crisis. (Photo: Walt Jabsco/Flickr/cc)

Climate action groups on Monday applauded the government of Wales for demonstrating that it is taking seriously the existential and planetary threat posed by fossil fuels by announcing that the country would end its extraction of coal.

Wales’ new proposed plan to reject all future coal mining applications is set to be finalized by the end of the year, a government spokesperson told the BBC last week, as part of the country’s new energy strategy which will aim to ensure that 70 percent of Wales’ energy is derived from renewable sources by 2030. Continue reading

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