Florida Sees Signals of a Climate-Driven Housing Crisis (excerpt): NYT

"Home sales in areas most vulnerable to sea-level rise began falling around 2013, researchers found. Now, prices are following a similar downward path."

In Florida, home sales in areas at high risk from sea-level rise

have fallen compared to areas at low risk.

"The idea that climate change will eventually ruin the value of coastal homes is neither new nor particularly controversial. In 2016, the then-chief economist for the federal mortgage giant Freddie Mac warned that rising seas “appear likely to destroy billions of dollars in property and to displace millions of people.” By 2045, more than 300,000 existing coastal homes will be at risk of flooding regularly, the Union of Concerned Scientists concluded in 2018.

The question that has occupied researchers is how soon, and how quickly, people will respond to that risk by demanding price discounts or fleeing the market. Previous research has begun to tackle that question, showing that climate change, far from being a distant threat, is already starting to hurt real estate values."

 

In places like Bal Harbour, Fla., climate worries have reduced demand for high-risk coastal real estate, researchers say.Credit...Rose Marie Cromwell for The New York Times

"Then, starting in 2013, something started to change. While sales in safer areas kept climbing, sales in vulnerable ones began to fall. By 2018, the last year for which Dr. Keys and Mr. Mulder obtained data, sales in vulnerable areas trailed safer areas by 16 percent to 20 percent.

A few things happened around that time that might have made prospective home buyers more worried about climate risk, Dr. Keys said. An international report the previous year highlighted the risks of extreme weather events. After that report came out, Google searches in Florida for “sea level rise” spiked.

And people from the Northeast, who account for a significant portion of Florida home buyers, had just lived through Hurricane Sandy, which damaged some 650,000 homes and caused 8.5 million people to lose power, some for months."

 

Go to NYT original full length story 

 

Related: I’m an American Climate Emigrant (excerpts): Sierra

 

I’m an American Climate Emigrant (excerpts): Sierra

 "My family moved northward for many reasons—climate chaos was among them

By Jason Mark | Oct 12 2020

We were only a few hours’ drive north of the California-Oregon border when I began to feel the pangs of survivor’s guilt. It was mid-August, and the news from back home was no good. We had busted out of the San Francisco Bay Area just as the heat wave began to sizzle California, and as we drove north through wine country, the temperature gauge in our car said it was 108 degrees outside. Days later, a freak electric storm swung across the state, sparking hundreds of fires. Some of our favorite places were burning: the forested mountains around Santa Cruz and the oak woodlands west of Davis, where we had spent many summer afternoons lounging on the banks of Putah Creek. Smoke was already beginning to choke our friends and former neighbors. “You got out just in time,” a buddy texted. “California is imploding.”

The Oregon coast felt, at that time, like a whole new world. As we threaded our way up Highway 1, the sky was cool and gray, and by evening a thick fog had turned into a spitting rain. The smoke and fires might as well have been on another planet. The rain was a relief, but I couldn’t shake a certain shame. I felt bad about our good fortune, about leaving our community behind to suffer.

I had lived in California for more than 20 years, and my family’s long-planned departure was supposed to be an adventure of sorts, an opportunity to start a new life for ourselves in the Pacific Northwest. For months, we had been looking forward to the move with a mix of trepidation and excitement, the swirl of emotions common to any emigrant: nostalgia for the life we had built, spiked with the thrill of surprising horizons. But now, as grim news piled up in our newsfeeds, the move had taken on a sour taste.

We weren’t merely heading toward a new home in another state. With a disaster unfolding behind us, we were fleeing."

Go to the Sierra article 

 

climate change refugees,climate refugees,#California,#USA,climate fires,floods,tidal flooding,

A nine-point plan for the UK to achieve net zero carbon emissions (excerpts): Guardian

"Author Chris Goodall says tackling the climate crisis is neither difficult nor expensive and can help boost the economy

Illustration: Guardian Design

Net zero. It’s a simple enough concept – the notion that we reduce carbon emissions to a level where we are no longer adding to the stock in the atmosphere. More and more companies and countries are taking the pledge, promising to hit net zero by 2050, 2030 or even sooner.

But it is easier said than done. Industrial processes remain carbon intensive, as do agriculture and aviation. Even the sudden economic halt brought about by the Covid-19 pandemic this year will result in a mere downward blip in global greenhouse gas emissions.

The sharp decline in energy use at the beginning of the pandemic has not persisted. Government stimulus programmes have done little to prioritise green projects – barely 1% of the funds made available around the world will target climate crisis mitigation. Hopes that the virus would push us into radical action to reduce emissions have proved illusory.

This may make us pessimistic about the future – but that would be a

mistake. The last six months have seen a growing realisation around the world that fully decarbonising our societies is technically possible, relatively cheap and potentially of major benefit to society, and particularly to less prosperous sectors.

A sensible portfolio of actions could reduce emissions, provide jobs and improve living standards in forgotten parts of the UK. It won’t be completely painless, but this nine-step plan can transform much of the British economy." ...

...................................

...."9. Carbon tax

Lastly, we should try to bring the reluctant oil and gas industries onside by instituting a tax on the production of anything that results in carbon emissions. Rarely in the past have businesses asked to be more heavily taxed. But today almost all large fossil fuel companies are pleading for a carbon levy that provides the necessary incentive for them to wean themselves off extracting oil and gas.

Fighting the causes and consequences of the climate emergency is neither particularly difficult or expensive. The net impact on jobs and living standards will be strongly positive. The programme will require direction from central government, and probably an effective carbon tax, alongside a willingness to hand over some powers to local authorities.

Perhaps this is the most contentious part of the programme I propose: the idea that Whitehall should recognise both that the free market needs some assistance when it comes to the climate crisis, and that devolution of real power to towns and cities could be beneficial to everybody."

• Chris Goodall is an author and environmentalist whose latest book, What We Need To Do Now, assesses the steps needed to build a low-carbon world and was shortlisted for the Wainwright Prize. He writes a weekly newsletter on low carbon progress around the world, available at www.carboncommentary.com.

Chris Goodall, Tue 6 Oct 2020

Go to complete Guardian article 

Related: Exxon Touts Carbon Capture as a Climate Fix, but Uses It to Maximize Profit and Keep Oil Flowing (excerpts): Inside Climate News

Anxiety Mounts Abroad About Climate Leadership and the Volatile U.S. Election (excerpts): InsideClimate News

"VIENNA, Austria—Whenever artist Michael Aschauer returns home after an extended stay in the United States, people here pepper him with questions about the direction America is heading. 

With gallows humor typical of the city, they often ask, "Will it fall apart slowly, or very fast?" he said, adding that Vienna has plenty of experience with how rising and falling empires can destabilize global systems.

Aschauer is married to an American and keenly watches climate and energy politics on both sides of the Atlantic while trying to imagine a post-carbon future. In an informal social media art project, he documents gas stations that have been abandoned or converted to other uses. 

He said it's hard to imagine that Americans would re-elect the

incumbent president, but that it can't be ruled out, either, given the current volatility of U.S. politics. "The outcome will have profound consequences for the future of Earth's climate," he added.

Carbon budgets detailed in recent climate reports show that four more years of pro-fossil fuel policies in the U.S. would make it much harder for the world to reach the Paris climate agreement goal of preventing catastrophic global warming, he said. On the other hand, Biden's decarbonization plan would accelerate demand for renewable energy in the world's biggest consumer economy and speed the global shift to a zero-carbon economy. "

.................

"Debate Debacle

But it's not all fear and loathing—people here say they feel a cultural, social and economic affinity with the U.S. And the interest is even more intense this year, after extensive international media coverage of the escalating cycle of police violence and destructive protests, as well as wildfires, hurricanes, the botched pandemic response and potential election chaos all painted a picture of a country in turmoil. 

Last week's presidential debate reinforced global concerns about the direction of the U.S., said Reimund Schwarze, an environmental economist with the Helmholtz Centre for Environmental Research in Germany. Trump's recent statements questioning the legitimacy of the election process raise the specter of widespread unrest, he said."   "

................................

"  "From what I see in the Democratic Party, there is a lot of movement, a lot of mobilization from the other side." Even with time running short for meaningful climate action, he said, there is a hopeful scenario that a generational shift in politics in the U.S. could upend the political landscape for many years to come, leading to fundamental changes in U.S. policy. 

All over the world, people are waiting in suspense to see if Nov. 3 marks the start of that shift.

"I don't want to put any pressure on anyone," Austrian ecologist Sarah Höfler posted on Twitter recently, "but the American election will, in my opinion, decide whether humanity has still a chance in the #ClimateCrisis. It is as simple as that."  "

Go to complete story by Bob Berwyn in InsideClimate News

Related: America's year of fire and tempests means climate crisis just got very real (excerpt): Guardian

 Pics from this blog

 

Trump,Biden,#climateaction,voters,#USA,European Union,#jailclimatecriminals, 

Exxon Touts Carbon Capture as a Climate Fix, but Uses It to Maximize Profit and Keep Oil Flowing (excerpts): Inside Climate News

Is Carbon Capture a tax scam?

"The company sells the CO2 to other companies that use it to revive depleted oil fields and has relentlessly fought EPA oversight of the practice.

Sprawled across the arid expanse of southwestern Wyoming is one of the world's largest carbon capture plants, a hulking jumble of pipes, compressors and exhaust flues operated by ExxonMobil.

The oil giant has long promoted its investments in carbon capture technology—a method for reducing greenhouse gas emissions—as evidence that it is addressing climate change, but it rarely discusses what happens to the carbon captured at the Shute Creek Treating Facility.

The plant's main function is to process natural gas from a nearby deposit. But in order to purify and sell the gas, Exxon must first strip out carbon dioxide, which comprises about two-thirds of the mix of gases extracted from nearby wells.

The company found a revenue stream for this otherwise useless, climate-warming byproduct: It began capturing the CO2 and selling it to other companies, which injected it into depleted oil fields to help produce more oil.

In 2008, when concerns about climate change led Congress to pass a tax credit meant to encourage companies to capture and store carbon dioxide, Exxon was presented with another way to make money from the technology. The massive amounts of carbon dioxide captured at its Wyoming facility put the oil and gas giant in a position to claim more credits under the tax break than any other company.

In the ensuing years, Exxon may have claimed hundreds of millions of dollars in tax credits, according to estimates based on publicly available data from the Internal Revenue Service, the Securities and Exchange Commission, and a global think tank that tracks the technology."

........................

 

 

"For skeptics of carbon capture and storage, the lobbying battle highlights the risks of devoting  government resources to propping up the technology. 

"Using public money to subsidize carbon dioxide enhanced oil recovery doesn't seem like a climate solution from where I'm sitting," said Doukas, of Oil Change International. "By doing that, we're enriching the industry that's done the most to delay climate action. And Exxon is the perfect example."  "

Go to Nicholas Kusnetz's story in Inside Climate News

 

Related: America's year of fire and tempests means climate crisis just got very real (excerpt): Guardian

 

ExxonMobil, carbon capture, tax, #climateaction ,#climatechange ,#climatecriminals ,#jail the climate criminals,

 

China's zero emissions target puts Australia on notice (excerpts): The Age

 

Flag: Peoples Republic of China

"Australia's former top climate diplomat has warned China's net-zero emissions target will leave Australia behind, threatening future trade deals and its influence in the Pacific as the Morrison government becomes wedged between the US and China on climate action.

Howard Bamsey, who was Australia's special envoy on climate change during the Rudd government, said the announcement from President Xi Jinping last week had turned the politics of emissions reduction into a sharp economic and diplomatic issue.

Renewables consumption by region

Exajoules

*Commonwealth of Independent States

Source: BP Statistical Review of World Energy 2020

 

Professor Bamsey, who was also Australia's ambassador for the environment under the Howard government, said the new policy "pulls the rug out from under the argument" that Australia's domestic climate goals do not need to accelerate because China was yet to increase its ambitions.

"It's clear now China is accepting a leadership role," he said. "Xi made the announcement. That carries all the weight of the state and party.".."

..............

".. Professor Bamsey said the UK, European Union and a potential Biden presidency will pressure Australia to match their climate goals ahead of Glasgow.

"We are an internationally connected economy and we will have to adopt the policies of our trading partners, including our main partner in China," he said. "We won't be able to continue to provide goods and services and ignore the climate dimension.".."

.....................

".. The director of the European Union's Centre of Excellence at RMIT, Bruce Wilson, said China's pledge would increase pressure on Australia as it attempts to negotiate free trade deals with the EU and Britain.

"If anyone is trying to do a trade deal with the EU, the Paris deal is non-negotiable," he said.

Professor Wilson said it was still not clear if the EU would accept Australia's use of Kyoto carryover credits to meet its obligations and said a "carbon border tax" was on the agenda for countries not compliant with the EU's environmental standards.

"If you are exporting an emissions heavy product into Europe there will be a tax on that," he said.

"Chief negotiators from the EU and Australia were expected to brief stakeholders about progress on the trade deal on Wednesday afternoon. ..."

Go to The Age article  

 

 Related: Class action to stop planned coal mine extension filed by climate action-focused Australian teenagers (excerpt): ABC

 

carbon tariffs,European Union,China,impose trade tariffs on carbon offenders,coal,#renewables,#Australia,#climatechange,

 

 

America's year of fire and tempests means climate crisis just got very real (excerpt): Guardian

Climate Fire 2018

(Pics from this blog) 

 
"In a flurry of recent fires and storms, the climate crisis has left unmistakable wounds on America. Even in a tumultuous year not short of anguish elsewhere, scientists warn the climate-fueled disasters of 2020’s summer point to major shifts that will upend Americans’ lives like no other threat.

The American west has experienced its biggest year of fire on record, with blazes the collective size of Connecticut roaring across a tinderbox-dry landscape, consuming thousands of buildings, claiming several dozen lives and turning the Bay Area’s sky an eerie orange.

Hurricane damage

Meanwhile, the Atlantic has been so festooned with hurricanes – atone stage this month five storms were strung out across the ocean at once – that meteorologists exceeded their 21 English-language names for major storms and for only the second time had to turn to the Greek alphabet. Appropriately, the two phenomena met on 15 September, when wildfire smoke pouring across the country wafted into Paulette, yet another tropical storm, off the eastern seaboard.

Erosion by rising sea level and storms

Such events are consistent with a heating-up planet, according to scientists, with studies showing that hurricanes are becoming stronger as ocean waters warm up and the atmosphere holds more water vapor. In the west, prolonged, intense heat – perhaps the hottest atmospheric temperature ever recorded on Earth occurred in California in August – has dried out forests and soils, making them more susceptible to huge conflagrations.

Add in the floods that have soaked swaths of the midwest and the Arctic sea ice that just shrank to its second lowest extent on record and it’s clear climate impacts are now piling upon America in multiples.

Rising sea levels will flood cities

“The changes from greenhouse gas emissions on the Earth’s climate system ain’t pretty and they do not come alone,” said Camilo Mora, an environmental scientist at the University of Hawaii and lead author of research that found climatic extremes are causing 400 different types of impacts upon humanity.

These threats are making people “unhealthy, thirsty, poor and homeless”, Mora said. “Climate change is like a horror movie with 400 endings to choose from.”.............."

30 Sep 2020

Go to complete Oliver Milman Guardian story 

Related: Wildfires Explained: The YEARS Project video

#jailclimatecriminals,#climateaction,#climatefires,#searise,#climatechange,