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<font size="+2" face="Calibri"><i><b>February 17, 2023</b></i></font><font
face="Calibri"><br>
</font>
<p><font face="Calibri"><i>[ from Nature Climate Change -
overvalued properties, risky economic impact] </i><br>
</font> <font face="Calibri"><b>Unpriced climate risk and the
potential consequences of overvaluation in US housing markets</b><br>
</font> </p>
<blockquote><font face="Calibri"><b>Abstract</b></font><br>
<p><font face="Calibri">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.</font></p>
</blockquote>
<p><font face="Calibri">Main<br>
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...<br>
</font></p>
<font face="Calibri"><a class="moz-txt-link-freetext"
href="https://www.nature.com/articles/s41558-023-01594-8">https://www.nature.com/articles/s41558-023-01594-8</a><br>
</font>
<p><font face="Calibri"><br>
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<p><font face="Calibri"><br>
</font></p>
<font face="Calibri"><i>[ Amazon heat melting glaciers on the other
side of the world ]</i><br>
</font><font face="Calibri"><b>Burning Trees in the Amazon Melts
Snow in the Himalayas</b><br>
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. <br>
</font><font face="Calibri">Laura Millan Lombrana<br>
January 27, 2023</font><br>
<font face="Calibri">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. <br>
<br>
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.<br>
</font><br>
<font face="Calibri">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.<br>
<br>
“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.”<br>
<br>
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. <br>
<br>
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. <br>
<br>
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. <br>
<br>
“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.” ..<br>
</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext"
href="https://www.bloomberg.com/news/articles/2023-01-27/amazon-climate-disaster-could-cascade-across-earth-new-study-shows?leadSource=uverify%20wall">https://www.bloomberg.com/news/articles/2023-01-27/amazon-climate-disaster-could-cascade-across-earth-new-study-shows?leadSource=uverify%20wall</a><br>
</font>
<p><font face="Calibri"><br>
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<p><font face="Calibri"><br>
</font></p>
<i><font face="Calibri">[ Anderson "tells us about the moral
framing" radical talk - video ]</font></i><br>
<b>Professor Kevin Anderson: From iniquity to integrity … there’s no
hiding from carbon budgets</b><br>
Cambridge Climate Lecture Series<br>
<font face="Calibri">Winstanley Theatre, Trinity College, Cambridge
(live stream information to follow)<br>
</font>
<blockquote><b><font face="Calibri">Talk Abstract:</font></b><br>
<font face="Calibri">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.</font><br>
</blockquote>
<font face="Calibri">Short Bio:<br>
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.<br>
</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext"
href="https://www.youtube.com/watch?v=LUwSNuHlve8">https://www.youtube.com/watch?v=LUwSNuHlve8</a><br>
</font>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font> </p>
<font face="Calibri"> <i>[ Yale Climate Connections is a trusted
web site - describing current predicament ]</i></font><br>
<b>Myth-buster: Why two degrees of global warming is worse than it
sounds</b><br>
Breaking down the myth that a couple of degrees is no big deal.<br>
by DAISY SIMMONS<br>
FEBRUARY 13, 2023<br>
A couple of degrees Celsius might not sound like a lot. But in terms
of global warming, it’s a big deal.<br>
<br>
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.<br>
Picture yourself:<br>
<blockquote>-- In Phoenix, Arizona, where you have to endure roughly
nine additional days of over 110 degrees Fahrenheit per year than
people here used to. <br>
-- 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.<br>
-- 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.<br>
</blockquote>
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.<br>
<br>
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)...<br>
<br>
<a class="moz-txt-link-freetext"
href="https://yaleclimateconnections.org/2023/02/myth-why-two-degrees-of-global-warming-is-worse-than-it-sounds/">https://yaleclimateconnections.org/2023/02/myth-why-two-degrees-of-global-warming-is-worse-than-it-sounds/</a><br>
<font face="Calibri"><br>
</font>
<p><font face="Calibri"><br>
</font> </p>
<font face="Calibri"> <i>[The news archive - looking back at an
early attempt to tax carbon energy usage ]</i><br>
<font size="+2"><i><b>February 17, 1993</b></i></font> <br>
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."<br>
<br>
</font>
<p><font face="Calibri">(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.)</font></p>
<p><font face="Calibri"><b>The 1993 State of the Union (Address to a
Joint Session of the Congress)</b><br>
clintonlibrary42<br>
87,505 views Apr 10, 2012<br>
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.<br>
</font></p>
<font face="Calibri"> <a class="moz-txt-link-freetext"
href="https://www.youtube.com/watch?v=840MahAgJh0">https://www.youtube.com/watch?v=840MahAgJh0</a>
<br>
<br>
<br>
</font>
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