[✔️] February 17, 2023- Global Warming News Digest |-Climate & housing, Bloomberg follows, Kevin Anderson radical, Yale Myth-busting, Vegan is a solution, Time's Up.

Fri Feb 17 05:37:58 EST 2023

/*February 17, 2023*/

/[  from Nature Climate Change - overvalued properties, risky economic 
impact] /
*Unpriced climate risk and the potential consequences of overvaluation 
in US housing markets*

    *Abstract*

    Climate change impacts threaten the stability of the US housing
    market. In response to growing concerns that increasing costs of
    flooding are not fully captured in property values, we quantify the
    magnitude of unpriced flood risk in the housing market by comparing
    the empirical and economically efficient prices for properties at
    risk. We find that residential properties exposed to flood risk are
    overvalued by US$121–US$237 billion, depending on the discount rate.
    In general, highly overvalued properties are concentrated in
    counties along the coast with no flood risk disclosure laws and
    where there is less concern about climate change. Low-income
    households are at greater risk of losing home equity from price
    deflation, and municipalities that are heavily reliant on property
    taxes for revenue are vulnerable to budgetary shortfalls. The
    consequences of these financial risks will depend on policy choices
    that influence who bears the costs of climate change.

Main
Climate change poses a range of financial and economic risks to 
households, communities and market sectors across the United States... 
These risks stem not only from the physical impacts of climate change, 
but also from how property owners, private companies and public 
institutions respond to growing climate hazards. Adaptation responses 
will not only determine the magnitude of total costs, but also whether 
these costs become increasingly borne by American taxpayers, or 
alternatively become internalized by those who are directly exposed to 
physical climate impacts...

https://www.nature.com/articles/s41558-023-01594-8

/[ Amazon heat melting glaciers on the other side of the world ]/
*Burning Trees in the Amazon Melts Snow in the Himalayas*
Scientists have found that the Earth’s largest rainforest and its 
so-called third pole are connected by atmospheric currents that carry 
heat and rain across the planet.
Laura Millan Lombrana
January 27, 2023
Trees set ablaze in Brazil’s Amazon rainforest could contribute to 
melting glaciers in the Himalayas and Antarctica because distant 
ecosystems that regulate the Earth’s climate are more closely connected 
than previously thought.

Scientists have discovered a new atmospheric pathway that originates in 
the Amazon, runs along the South Atlantic, then across East Africa and 
the Middle East until it reaches central Asia, according to a paper 
published this month in Nature Climate Change. That connection, which 
stretches 20,000 kilometers (12,400 miles) across the globe, means that 
when the Amazon warms, so does the Tibetan Plateau, whereas the more it 
rains in the Amazon, the less it rains in Tibet.

The study is among the first to investigate the interaction between 
ecosystems at risk of reaching a climate tipping point that would 
transform them irreversibly. More significantly, the newly-discovered 
pathway suggests that the collapse of one ecosystem could destabilize 
others too, leading to a cascade of tipping events across the planet.

“Tipping cascades are a risk to be taken seriously,” Hans Joachim 
Schellnhuber, a researcher at the Potsdam Institute for Climate Impact 
Research and a co-author of the report, said in a statement. 
“Inter-linked tipping elements in the Earth system can trigger each 
other, with potentially severe consequences.”

Scientists are only beginning to investigate the connections between 
far-flung components of the planet’s climate system. That knowledge is 
essential to understanding the full impact of global warming, which is 
caused by greenhouse gas emissions and is already raising sea levels and 
leading to more severe floods, drought and wildfires on every continent.

Deforestation in the Amazon, the world’s largest rainforest and home to 
a quarter of land species, reached its  fastest pace in at least 15 
years last year. The southeastern part of the rainforest, which plays a 
vital role in absorbing planet-warming carbon dioxide from the 
atmosphere, has become a net source of carbon emissions during the dry 
season, a 2021 paper concluded.

The latest report by the UN’s Intergovernmental Panel on Climate Change 
saw an increased probability that the Amazon will cross a tipping point. 
The question now is what that might mean for the Himalayas, one of the 
world’s great reserves of fresh water, which is already seeing 
unprecedented glacial melt.

“The Amazon region is of course an important Earth system element by 
itself,” said Jingfang Fan, a researcher with the Beijing Normal 
University and the Potsdam Institute. But the research “confirms that 
Earth system tipping elements are indeed inter-linked even over long 
distances — and the Amazon is one key example how this could play out.” ..

https://www.bloomberg.com/news/articles/2023-01-27/amazon-climate-disaster-could-cascade-across-earth-new-study-shows?leadSource=uverify%20wall

/[ Anderson "tells us about the moral framing" radical talk - video ]/
*Professor Kevin Anderson: From iniquity to integrity … there’s no 
hiding from carbon budgets*
Cambridge Climate Lecture Series
Winstanley Theatre, Trinity College, Cambridge (live stream information 
to follow)

    *Talk Abstract:*
    As climate change increasingly exacerbates extreme weather events
    around the globe, so government leaders are increasingly using the
    language of a “climate emergency”. But look beyond the fine words,
    and it is quickly evident that behind the relatively recent framing
    of ‘net zero’, many governments, companies and institutions are
    planning for little more than incremental adjustments to
    business-as-usual. But “nature will not be fooled” by empty
    rhetoric, subterfuge and unsubstantiated optimism – and nor should
    we. The challenges we face in delivering on our Paris climate
    commitments beg fundamental questions of almost every facet of
    modern society. This presentation will seek to lay bare the sheer
    scale, scope and urgency of emission cuts now required to meet our
    Paris climate commitments. It will conclude by offering an outline
    of the key characteristics delivering on such commitments needs to
    entail. Please note, for those with a more sensitive disposition,
    this is very much a “red pill” presentation.

Short Bio:
Kevin is professor of Energy and Climate Change at the University of 
Manchester and visiting professor at the Universities of Uppsala 
(Sweden) and Bergen (Norway). Formerly he held the position of Zennström 
professor (in Uppsala) and was director of the Tyndall Centre for 
Climate Change Research (UK). Kevin engages widely with governments, 
industry and civil society, and remains research active with 
publications in Climate policy, Nature and Science. He has a decade’s 
industrial experience in the petrochemical industry, is a chartered 
engineer and fellow of the Institution of Mechanical Engineers.

https://www.youtube.com/watch?v=LUwSNuHlve8

/[ Yale Climate Connections is a trusted web site - describing current 
predicament ]/
*Myth-buster: Why two degrees of global warming is worse than it sounds*
Breaking down the myth that a couple of degrees is no big deal.
by DAISY SIMMONS
FEBRUARY 13, 2023
A couple of degrees Celsius might not sound like a lot. But in terms of 
global warming, it’s a big deal.

In fact, every tenth of a degree that the Earth warms in the future will 
make a difference in the impacts that people experience worldwide and in 
your neck of the woods.
Picture yourself:

    -- In Phoenix, Arizona, where you have to endure roughly nine
    additional days of over 110 degrees Fahrenheit per year than people
    here used to.
    -- In Montecito, California, where if you’re not shopping for new
    air filters due to expected wildfire smoke, you’re practicing your
    evacuation plan in preparation for the mudslides that are becoming
    more common on fire-scarred hillsides.
    -- In a Gulf Coast community, where hurricanes are getting more
    frequent and more severe — like Hurricane Ian, which was 10% wetter
    than it would have been if not for climate change.

Those are just some of the impacts we’re already seeing as a result of 
the one degree Celsius the world has already warmed since the late 19th 
century.

And the consequences to everyday life will only get more severe with 
every degree of change. That’s why the world’s governments pledged in 
the Paris climate agreement to limit global warming below 2 degrees 
Celsius (3.6 degrees Fahrenheit) — and preferably to 1.5 degrees C (2.7 
F)...

https://yaleclimateconnections.org/2023/02/myth-why-two-degrees-of-global-warming-is-worse-than-it-sounds/

/[The news archive - looking back at an early attempt to tax carbon 
energy usage ]/
/*February 17, 1993*/
February 17, 1993: In an address to a joint session of Congress, 
President Clinton, noting the "challenges to the health of our global 
environment," declares, "Our plan does include a broad-based tax on 
energy, and I want to tell you why I selected this and why I think it's 
a good idea. I recommend that we adopt a BTU tax on the heat content of 
energy as the best way to provide us with revenue to lower the deficit 
because it also combats pollution, promotes energy efficiency, promotes 
the independence, economically, of this country as well as helping to 
reduce the debt, and because it does not discriminate against any area. 
Unlike a carbon tax, that's not too hard on the coal States; unlike a 
gas tax, that's not too tough on people who drive a long way to work; 
unlike an ad valorem tax, it doesn't increase just when the price of an 
energy source goes up. And it is environmentally responsible. It will 
help us in the future as well as in the present with the deficit."

(The effort to implement the BTU tax would ultimately fail, thanks to 
aggressive attacks on the concept by fossil-fuel-industry front groups 
such as the Koch Industries-funded Citizens for a Sound Ecnomy, the 
forerunner to Americans for Prosperity.)

*The 1993 State of the Union (Address to a Joint Session of the Congress)*
clintonlibrary42
87,505 views  Apr 10, 2012
This is video footage of President William Jefferson Clinton delivering 
a address to a joint session of Congress (State of the Union address). 
This footage is official public record produced by the White House 
Television (WHTV) crew, provided by the Clinton Presidential Library.

https://www.youtube.com/watch?v=840MahAgJh0

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