[✔️] June 7, 2023- Global Warming News Digest | Climate Econ - "Pricing the Priceless", Global Stocktake, Ethics in economics - Rhodes Center

[Richard Pauli]

/*June*//*7, 2023*/

/[  A wonderful interview about the economics of global warming --  
Putting a price on carbon, //Environmental P&L, Environmental costs. //. 
YouTube 18 mins with Paula DiPerna - author of "Pricing the Priceless"   ] /
*Pricing the Planet: How Valuing Natural Assets Might Solve the Climate 
Crisis | Amanpour and Company*
Amanpour and Company
Jun 6, 2023  #amanpourpbs
 From wildfires to record-breaking heatwaves, the climate crisis is 
dealing devastating blows to humans and wildlife. Paula DiPerna’s new 
book "Pricing the Priceless" explores how capitalism can be used to 
fight the climate crisis and protect the planet’s essential assets. 
DiPerna talks to Hari Sreenivasan about attaching monetary value to 
commodities like water and fresh air in order to incentivize people and 
businesses in the fight against climate change.
Originally aired on June 6, 2023
https://www.youtube.com/watch?v=afpMLp0zY0s


/
/

///[  Clips from long, important text  ]/
*What Is The “Global Stocktake” & How Can It Accelerate Climate Action?*
By World Resources Institute
Published June 5, 2023
*This year is a critical moment for climate action*.

The mounting impacts of climate change, from floods and droughts to 
hurricanes and heat waves, are taking a major toll on human lives and 
economies globally — particularly in vulnerable developing nations with 
the fewest resources to protect themselves.

Current climate actions are not nearly enough to keep global warming 
below 1.5 degrees C (2.7 degrees F) and avoid the worst of these climate 
impacts, and countries must accelerate efforts to get on track. The 
latest Intergovernmental Panel on Climate Change (IPCC) report tells us 
that actions taken this decade will have impacts “for thousands of years.”..
- -
The Global Stocktake, happening in 2023 for the first time ever, offers 
a pivotal opportunity to correct course.

The Paris Agreement’s Global Stocktake process is designed to assess the 
global response to the climate crisis every five years. It evaluates the 
world’s progress on slashing greenhouse gas emissions, building 
resilience to climate impacts, and securing finance and support to 
address the climate crisis.

But this cannot be just another global assessment showing how far off 
track we are. The Stocktake process should also serve as a global 
accelerator, driving nations to step up their climate action and pursue 
the transformational change needed to secure a zero-carbon, 
climate-resilient and equitable future.

The Stocktake will conclude by the end of the UN climate summit in 
December 2023 (COP28). Countries must then agree on how they will 
leverage its findings to keep the global goal of limiting temperature 
rise to 1.5 degrees C alive and address the impacts of climate change...
- -
*What Is the Purpose of the Global Stocktake?*
Established under Article 14 of the Paris Agreement, the Global 
Stocktake is designed “to assess the collective progress towards 
achieving the purpose of [the Paris] Agreement and its long-term goals.” 
Those goals include: cutting greenhouse gas emissions to limit global 
temperature rise to well below 2 degrees C (3.6 degrees F) and ideally 
1.5 degrees C (2.7 degrees F); building resilience to climate impacts; 
and aligning financial support with the scale and scope needed to tackle 
the climate crisis

Extreme flooding in Sylhet, Bangladesh in 2022 led to a shortage of 
clean drinking water. The Global Stocktake will assess the world’s 
progress on addressing the climate crisis and its escalating impacts...
- -
A summary report is developed after each dialogue. At the conclusion of 
the technical phase, an overarching synthesis report will summarize key 
technical findings and inform the final political phase of the Global 
Stocktake. This report will likely be released in September 2023; it is 
expected to reveal how far off the world is from achieving the goals of 
the Paris Agreement and provide concrete guidance on actions needed to 
close these gaps...
- -
How Should Countries Respond to the Global Stocktake Findings at COP28?
While the Global Stocktake synthesis report won’t be released until 
September 2023, we already know it will show us that the world is far 
off track from achieving its climate goals. But it will also provide the 
world with a roadmap for transformation. At COP28, it’s essential that 
governments respond assertively to the Stocktake’s findings and make 
concrete, ambitious commitments that can accelerate transformative 
action to cut emissions, build resilience and boost climate finance.

The success of the first Global Stocktake hinges on whether countries — 
along with companies, cities, and others — use it as an opportunity to 
turn findings into action and set us on a path to a safer world.

Some of the key actions to include could be:

    *1. Accelerating emissions reductions*
    Current national climate plans fall significantly short of the
    ambition required to limit global temperature rise to 1.5 degrees C,
    creating a clear emissions gap. Moreover, countries’ current actions
    are inadequate to fulfill their own commitments. In response to the
    Global Stocktake, countries can send a clear signal at COP28 that
    they will put forward more ambitious national climate plans (NDCs)
    by 2025.

    These updated NDCs — which will set emissions reduction targets for
    2035, and can strengthen them for 2030 — should align with the best
    available climate science, aiming for a collective emissions
    reduction of 43% by 2030 and 60% by 2035, relative to 2019 levels.
    Additionally, countries can agree to incorporate targets for
    sectoral action and other issues (such as methane emissions) in
    their NDCs, accelerating the systemwide transformations needed to
    limit global temperature rise and avoid the worst climate impacts.

    *2. Driving transformative change across systems*
    In addition to informing stronger national climate commitments, the
    Global Stocktake will reveal opportunities for targeted action
    across sectors and systems that contribute the most to the climate
    crisis. A response plan to the Global Stocktake findings can
    catalyze action in these key areas. For example:

    The world needs to address the most fundamental cause of the
    problem: burning and financing fossil fuels. Agreeing to rapidly and
    equitably transition away from all fossil fuels, improve efficiency
    and productivity of energy use, and scale up zero-carbon energy,
    particularly renewables, would mark a turning point in the fight
    against climate change. Countries can also commit to shifting
    finance from dirty energy to clean energy infrastructure.
    The Global Stocktake’s political process can also address
    transforming food systems, which account for roughly one-third of
    global greenhouse gas emissions. Actions should not only help
    mitigate climate change but also enhance the resilience of food
    systems in the face of climate-related impacts. This can include
    scaling up sustainable agricultural practices to boost yields on
    existing farmland, while lowering emissions, reducing food loss and
    waste, and encouraging healthier, more sustainable diets.
    Other crucial commitments that can be driven by the Global Stocktake
    outcome at COP28 include: ending deforestation and the degradation
    of important carbon-rich ecosystems and advancing efforts to restore
    and sustainably manage them; reducing emissions from the transport
    sector, both through zero-carbon vehicles and shifting modes of
    transport; promoting sustainable consumption and circular economy
    approaches; and accelerating fundamental shifts in industry,
    infrastructure, cities and health.
    Across these sectors and systems, many cost-effective climate
    solutions already exist; decision-makers must now make firm
    commitments and take large-scale action to implement them. If these
    changes are implemented with a focus on inclusivity, equity and a
    just transition, they can yield significant social and economic
    benefits, from creating job opportunities to improving health and
    increasing energy access.

    *3. Tackling the intensifying impacts of climate change*
    The Global Stocktake also provides an important opportunity to
    advance global resilience-building efforts and address
    climate-related losses and damages. It can uncover woefully
    inadequate funding for adaptation and the persistent lag in action.
    Furthermore, it can expose the alarming reality of intensifying
    climate impacts and the level of support needed to protect
    vulnerable communities. In response to the Stocktake’s findings,
    developed and wealthier nations must assure developing countries
    that they will follow through on doubling accessible adaptation
    finance by 2025 to assist those who have contributed the least to
    the climate crisis but bear the greatest burden.

    And it’s not just the amount of money available — it’s where it ends
    up, how quickly it gets there and who controls it. Local actors
    require more accessible, high-quality funding, more quickly, as well
    as greater decision-making authority over expenditures. As part of
    the Stocktake’s political response, developed nations can agree to
    increase technical and capacity-building assistance for developing
    nations — in addition to increased finance — to support their shift
    from adaptation planning to implementation and tracking.

    With the expectation that loss and damage funding arrangements will
    be operationalized at COP28, countries can also use the Stocktake as
    an opportunity to prioritize the need for new, innovative and
    additional grant-based finance for the Loss and Damage Fund. And
    they can take other steps to address loss and damage; these include
    demonstrating support for early warning systems and post-disaster
    recovery efforts that improve infrastructure reconstruction and
    community resilience, and finding ways to address non-economic
    losses and damages such as loss of culture and heritage.

    *4. Realigning financial and technical resources with climate
    priorities*
    The transition to a low-carbon and resilient future will require
    significant investment — though not as much as the expense from the
    failure to take action — and shifting financial and technical
    resources toward climate-resilient development is critical. The
    Global Stocktake will likely reveal misalignment between global
    finance and the efforts required to combat climate change. To
    address this yawning gap in alignment, countries can commit at COP28
    to shift finance and investment globally, as well as to provide
    increased support and technical resources to developing countries to
    address climate challenges.

    For instance, countries can commit at COP28 to reallocate misaligned
    finance, such as funds currently directed toward subsidies and other
    forms of support for fossil fuels, to finance cleaner energy sources
    like renewables. Governments can also commit to pursue innovative
    financing mechanisms such as levies on sectors like aviation and
    shipping and fair corporate taxes to help raise budgets for
    investment in zero-carbon solutions. Additionally, countries can
    send strong signals through the Stocktake outcome to reform
    international financial institutions and multilateral development
    banks and enhance their climate funding.

    To ensure that all countries are able to take the climate action
    needed, the political outcome of the Global Stocktake should
    highlight the gap in finance and investment needed by many
    developing countries. It should then prioritize a collective
    commitment by wealthy countries to increased climate support that
    responds to those countries’ urgent needs and strengthens their
    long-term institutional capacity-building.

    *5. Laying the groundwork for increased implementation*
    Finally, the Global Stocktake will address existing roadblocks to
    climate action and suggest improvements to help ensure these
    commitments are more than mere promises on paper. For instance, the
    Global Stocktake political outcome can include provisions to:

        Encourage governments to arrange national and regional
        stocktakes in 2024 that can drive forward outcomes from the
        Global Stocktake and assist countries in developing their 2025
        NDCs.Enhance international cooperation for climate action. For
        example, it can call for dialogues and initiatives to strengthen
        intergovernmental coordination, including in key sectors, and
        improve cooperation between UNFCCC processes, UN entities and
        other international organizations.

        Prioritize inclusive participation, just transition and equity
        considerations both at the global and domestic levels, and
        integrate them into all thematic areas. This can be guided by
        essential principles such as common but differentiated
        responsibilities and respective capabilities, right to
        sustainable development and human rights.

        Encourage a comprehensive collection of reliable and actionable
        data to enhance transparency, including addressing gaps in the
        quality and quantity of data on finance, adaptation, loss and
        damage, and just transition. Without this reliable data, climate
        action risks becoming a blindfolded endeavor.
        Strengthen processes for working with non-state actors to
        advance transparency and accountability of their action. Such
        processes are crucial for building trust among stakeholders and
        providing information on the progress (and gaps) in implementation.

        Integrate with other UNFCCC dialogues and processes, such as
        those focused on the Global Goal for Adaptation, just
        transition, loss and damage, mitigation and the new finance
        goal. Leveraging existing processes can energize a cohesive and
        strengthened implementation for climate action and support in
        this decade...

*What’s Next on the Road to COP28?*
After the technical phase of the Global Stocktake concludes in June 2023 
in Bonn, focus will shift to the political phase. During the Bonn 
meetings, countries will begin to deliberate on political outputs from 
the Global Stocktake at COP28, including how to focus and structure 
them. A key milestone will be the Climate Ambition summit, to be 
convened by the UN Secretary-General during the UN General Assembly in 
September 2023. The summit will expect countries, business, cities and 
regions, civil society and financial institutions to come forward with 
new, tangible and concrete climate actions and commitments that support 
the objectives of the Global Stocktake...
- -
Ultimately, the success of the first Global Stocktake hinges on whether 
governments adequately respond to its findings by the conclusion of 
COP28 — not with vague platitudes but with commitments to real action. 
Success depends on countries’ commitment to significantly scaling up 
their climate actions and support, putting forward ambitious national 
climate plans in 2025, and accelerating key transformative actions over 
the next decade.

Following the conclusion of COP28, everyone — from countries and CEOs to 
cities and governors — must seize the moment to reevaluate their own 
targets and action, ensuring their alignment with a zero-carbon future 
that increases resilience and boosts support for the countries and 
communities that need it most. The Global Stocktake at COP28 should not 
just be a catalog of our failures, but a global springboard to keep 1.5 
degrees C and climate-resilient development pathways within reach.
https://cleantechnica.com/2023/06/05/what-is-the-global-stocktake-how-can-it-accelerate-climate-action/



/[ Must-read history - this is disruptive, difficult record.   ]/
*We Now Know the Full Extent of Obama’s Disastrous Apathy Toward The 
Climate Crisis*
Barack Obama’s official oral history contains new evidence of his 
indifference and foot-dragging on the most important issue of our time.
Nathan J. Robinson
Columbia University’s oral history of the Obama presidency consists of 
interviews with 470 people ranging from administration officials to 
activists who tried to shape Obama era public policy. It’s the 
“official” oral history, conducted with funding from the Obama 
Foundation, which I would argue makes the entire project unethical at 
its core. Academia has a duty to pursue truth uncorrupted by financial 
influence, which you can hardly do if your project is funded by the 
personal foundation of the controversial figure you’re supposed to be 
studying. Nevertheless, any giant repository of interview data will 
contain some revealing information, and there’s much to be learned about 
Obama by reading official accounts, like memoirs by sycophants or his 
own gargantuan self-exonerative autobiography.

The official oral history is mostly still unreleased, but Columbia has 
just put out a special preview of 17 interviews related to climate and 
the environment. And even though, predictably, it’s full of people 
praising Obama’s statesmanship and humility and wisdom and so forth, it 
also reinforces what critics have said for years: Obama mostly did not 
take the climate crisis seriously until far too late in his presidency, 
and activists had to fight him tooth and nail on issues where anyone who 
cared about the fate of the planet should have been on their side to 
begin with. Bill McKibben, in an interview for the project, has a 
damning verdict: “No matter how much I liked him, it was very clear he 
could care less about any of this stuff at some deep level, and wasn’t 
willing to sacrifice—suffer any political pain in order to raise the issue.”

It became clear early on in Obama’s presidency, McKibben says, that the 
administration felt it only had enough “political capital” to deal with 
healthcare, and so climate change fell by the wayside. “I don’t think 
there was any real hope that we were going to see significant climate 
action out of at least the first-term Obama administration,” McKibben 
says. Frances Beinecke of the National Resources Defense Council says 
that “We wanted climate to be on a par, and it wasn’t,” citing a 
relative lack of White House effort on even weak clean energy 
legislation. In his interview for the project, former Energy Secretary 
Steven Chu confirms that “a decision was made in the first year to 
concentrate on healthcare. At which the president took me aside and 
said, ‘Look, I know I said energy and healthcare, but next year; energy 
is next.’” McKibben explains why this approach of kicking the can down 
the road on climate was so infuriating to those who understood the 
nature of the problem:

“The thing to remember about climate change, and the reason that Obama’s 
failures on it and things are important, is because climate change, 
unlike every other political issue we’ve ever faced, is a timed test. … 
[O]nce you’ve melted the Arctic, no one’s got a plan for how to freeze 
it again. So that was always in my mind, and my impatience with Obama 
and many others on this front is that I think they tended to group it 
with other problems that they faced, and think about it in the same way 
that they thought about other things, as one item on a checklist.”

Chu, whose opinion of Obama is positive throughout, nevertheless quietly 
admits that Obama didn’t put much effort into trying to mobilize 
political support on climate:

I think, in terms of talking and dealing with Congress on the energy 
side, the president was more hands off—in my opinion. I’m not a 
historian. But looking back at how people deal with Congress, I would 
say, LBJ [Lyndon B. Johnson] is probably the most effective person. He 
was not afraid of browbeating people with a very strong will. And I 
think President Obama was almost the opposite, very gentlemanly: “Okay, 
I told you the facts. You’re reasonable people. You’re going to come to 
some conclusion.” ​… He was less connected with Congress than I would 
have hoped. … I remember this line in [the Spielberg film] Lincoln where 
Abraham Lincoln says, “I am cloaked in the immense authority of the 
president.” He wasn’t above shaking down people. He wasn’t above 
offering patron jobs, postmaster jobs, things like that, to get the 
Thirteenth Amendment. … [T]o shake down and use the power of the 
presidency to really garner votes was something I wish [Obama] had done 
more of. He was too much of a gentleman, too standoffish about that.

https://www.currentaffairs.org/2023/06/we-now-know-the-full-extent-of-obamas-disastrous-apathy-toward-the-climate-crisis



/[ some academic economics history- later topics to include global 
warming  ]/

*The Rhodes Center Podcast: Nazi Billionaires, Capitalist Ethics, and 
Other Notable Contradictions**
*Watson Institute for International

May 15, 2023  Rhodes Center Podcast
On this episode Mark Blyth talks with this year’s invited speaker at the 
Rhodes Center’s annual 'Ethics of Capitalism’ lecture series, journalist 
D​​avid de Jong.

David’s groundbreaking book “Nazi Billionaires: The Dark History of 
Germany's Wealthiest Dynasties”, looks at the individuals and companies 
that accumulated unimaginable wealth under the Third Reich. Through his 
incredible investigative work, he exposes how these companies – 
including iconic German businesses like Volkswagen, BMW, and Allianz – 
thrived under the Nazi regime. He also looks at how, despite their dark 
history, most have never fully reconciled with their past – and how the 
families that founded such enterprises have only grown more wealthy in 
the decades since.

David and Mark discuss this dark history, and explore the questions it 
poses about the nature of capitalism: how can businesses operate 
responsibly in a world where it’s so easy to profit off the suffering of 
others? And what do private companies owe the rest of us, above their 
bottom line?

Learn more about and purchase “Nazi Billionaires: The Dark History of 
Germany's Wealthiest Dynasties”

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



/[The news archive - looking back]/
/*June 7, 2010*/
June 7, 2010: Washington Post writer Ezra Klein condemns Sen. Lisa 
Murkowski (R-AK) for her proposal to strip the EPA of its authority to 
regulate carbon emissions.

http://voices.washingtonpost.com/ezra-klein/2010/06/with_friends_like_lisa_murkows.html


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