Internalizing Climate Risk

From ‘natural’ disasters causing property damage, to climate mitigation measures rendering fossil fuel assets unburnable, to potential impacts of climate change on agricultural production, energy, food, insurance, real estate, and other sectors, it’s clear that private sector companies and all kinds of investments stand to suffer significant losses as a consequence of climate change.

The ‘new normal’ has been postponed (and probably canceled)

There remains a hope that once we get past the economic and social effects of the pandemic, all of us will be able to return to something resembling normal life before the pandemic—even if it is a “new normal” marked by heightened vigilance and protection against infectious disease … But the date for this recovery to a new normal seems to keep getting postponed.

If you can’t stand the heat…get off of the planet!

As I sit in 90-degree heat typical of Washington, D.C. in midsummer and a so-called “heat dome” hovers over much of the United States, I am reading the following: “At 11 or 12 degrees [Fahrenheit] of [global] warming, more than half the world’s population, as distributed today, would die of direct heat. Things almost certainly won’t get that hot this century, though models of unabated emissions do bring us that far eventually.”

Productivity, Energy and Climate Change—a View on the Links

Radical changes are needed if we are to avoid catastrophic climate change: 2 trillion dollars of fossil fuel related capital investment has to go. Without a better understanding of the basic relationships between energy and production it is hard to say how such changes will play out in the wider economy, and almost impossible to prepare to face them.

Don’t Call Me a Pessimist on Climate Change. I Am a Realist

So I present an unpopular but fact-based argument in the form of two “Am I wrong?” queries. If you accept my facts, you will see the massive challenge we face in transforming human assumptions and ways of living on Earth.

I welcome being told what crucial facts I might be missing. Even a realist — perhaps especially a realist in present circumstances — occasionally wants to be proved incorrect.

Of warnings and their ripple effects

The problem with this warning, and perhaps also why it is shedding supporters, is that it says all the right things but feels like it is speaking to an empty room. It has all been said before. I confess I have the same issue with street protests. At some point, you have to put down the placard and actually do something about the situation.