In the U.S., our buildings — schools, homes, and offices — consume one third of the energy we use. That makes them a major source of carbon dioxide emissions. And when your home isn’t properly insulated, you need more energy to heat it. That
According to a BBC report, the Commission for a Sustainable London 2012 said only the original 20% target will not be met as only 9% of the carbon-reduction measures in place will come from clean power.
Economy versus the Environment. This is a slogan for many when they consider the challenges of dealing with Climate Change and the reduction of greenhouse gas (GHG) emissions.
In 2007, McKinsey issued Reducing US Greenhouse Gas Emissions: How Much at What Cost? that provided a a significant contribution to this discussion. McKinsey’s conclusion: at an “affordable” cost of well below $50 per ton, in aggregate, the United States can meet necessary 2030 targets for GHG emission reductions. All-in-all, this was quite good news for those advocating acting to deal with Climate Change.
There was (and is) reason why the original study and McKinsey’s continuing work in this arena have been widely discussed / cited over the past two years. And, variants of the graphic on cost abatement have shown up in briefing after briefing, article after article, book after book. Good news.
Or, well, is it? McKinsey’s work provides significant data that addressing the environment will have economic cost. Even if a low number, with many actions providing economic benefit, the McKinsey work has a serious underlying thematic: it will cost to address climate change.
In spite of the fact that President Obama is facing an uphill battle – in his own party – on domestic climate change legislation; and, with China taking every opportunity to hide behind their “developing” status, both the US and China used the UN General Assembly to ramp up rhetoric on climate change. To misquote the Bard, “methinks they doth protest too much.”
With every new splashy promise made, the December climate change conference in Copenhagen is threatening to become little more than a public relations event with little real concerted action. More climate talks are on the agenda for the G20 in Pittsburgh, but Obama and his team should avoid making the push for global leadership on climate change into a new breed of arms race because its a battle that the US cannot win.
European nations are wary about a perceived trend in France and the United States to use international competition as a reason to back off on carbon-reduction pledges.
They are concerned that carbon tariffs could be used to fend off competition from countries which have not committed to reducing emissions, in effect triggering a green trade war.
So far, France has been the only European Union member state to openly rally for the introduction of border measures to secure the competitiveness of European industry against emerging economies. It put the measure on the table in 2008 when the EU was immersed in discussions on a revision of its emissions trading scheme (EU ETS).