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<p><font size="+2"><font face="Calibri"><i><b>October </b></i></font></font><font
size="+2" face="Calibri"><i><b>25, 2023</b></i></font></p>
<font face="Calibri"><i>[ today's headline rings familiar ]<br>
</i></font><font face="Calibri"><b>15,000 Scientists Warn Society
Could 'Collapse' This Century In Dire Climate Report<br>
</b></font><font face="Calibri">"We are afraid of the uncharted
territory that we have now entered.”<br>
By Becky Ferreira<br>
October 24, 2023<br>
</font><br>
<font face="Calibri">Scientists are warning that we are now in
“uncharted territory” as a result of human-driven climate change
in a new “state of the climate” report that was signed by 15,000
researchers from 163 countries.<br>
<br>
Researchers emphasized the current suffering caused by
record-breaking climate extremes and raised alarms about the
possibility of widespread societal and ecological collapse in the
future, while also decrying recent increases in subsidies to the
fossil fuel industry, which is the primary driver of climate
change.<br>
</font><br>
<font face="Calibri">The 2023 report, published on Tuesday in the
journal BioScience, is the latest update in an annual series
called World Scientists Warning of a Climate Emergency. Since
2019, scientists have been tracking escalating threats that
warming global temperatures present to humans and ecosystems
around the world. <br>
<br>
The new report, led by Oregon State University ecologist William
Ripple, warns that 2023 was a particularly devastating year of
extreme wildfires, floods, heatwaves, and other natural disasters
that are amplified by climate change. The authors suggest that
temperatures this past July may well have been the warmest on
Earth over the past 100,000 years, which they called “a sign that
we are pushing our planetary systems into dangerous instability.”
<br>
<br>
“As scientists, we are increasingly being asked to tell the public
the truth about the crises we face in simple and direct terms,”
Ripple and his colleagues wrote in the report. “The truth is that
we are shocked by the ferocity of the extreme weather events in
2023. We are afraid of the uncharted territory that we have now
entered.”<br>
<br>
“Global daily mean temperatures never exceeded 1.5-degree Celsius
(°C) above pre-industrial levels prior to 2000 and have only
occasionally exceeded that number since then,” the researchers
noted. “However, 2023 has already seen 38 days with global average
temperatures above 1.5°C by 12 September—more than any other
year—and the total may continue to rise.”</font><br>
<font face="Calibri">The authors have spent years monitoring 35 of
Earth’s “vital signs,” such as global tree cover, greenhouse gas
concentrations, ocean temperatures, and populations of humans and
livestock. The new report cautions that 20 of those signs are now
at record extremes, which is up from 16 in 2022.<br>
<br>
Ripple’s team noted that natural effects, such as the El Niño
weather pattern and the 2022 eruption of an underwater volcano,
were a factor in the record-smashing climate extremes this year.
However, the researchers stressed that human-driven climate change
is exacerbating many of these natural processes in ways that will
generate more frequent and catastrophic anomalies in the coming
decades. <br>
<br>
The report includes a section entitled “Untold Human Suffering in
Pictures” that offers a powerful visual accounting of people
experiencing climate-related disasters over the past several
years. The people who are most vulnerable to the effects of
climate change tend to live in less wealthy nations that have
contributed the least to global greenhouse gas emissions,
highlighting the need for environmental justice movements.<br>
<br>
“In 2023, climate change likely contributed to a number of major
extreme weather events and disasters,” the researchers wrote,
referencing deadly floods in China and India, a devastating storm
in Libya that killed thousands of people, and heat-waves around
the world. “As these impacts continue to accelerate, more funding
to compensate for climate-related loss and damage in developing
countries is urgently needed.”<br>
</font><br>
<font face="Calibri">“The effects of global warming are
progressively more severe, and possibilities such as a worldwide
societal breakdown are feasible and dangerously underexplored,”
the team warned. “By the end of this century, an estimated 3 to 6
billion individuals—approximately one-third to one-half of the
global population—might find themselves confined beyond the
livable region, encountering severe heat, limited food
availability, and elevated mortality rates because of the effects
of climate change.”<br>
</font><br>
<font face="Calibri">“We warn of potential collapse of natural and
socioeconomic systems in such a world where we will face
unbearable heat, frequent extreme weather events, food and fresh
water shortages, rising seas, more emerging diseases, and
increased social unrest and geopolitical conflict,” the
researchers said.<br>
<br>
It’s natural to feel overwhelmed by the enormity of the challenge
presented by climate change, but Ripple and his colleagues offer
several solutions to avoid the worst possible outcomes. Of course,
the team urged the global community to rapidly transition from the
use of fossil fuels, even in the face of major geopolitical
obstacles, such as Russia’s invasion of Ukraine. <br>
</font><br>
<font face="Calibri">The researchers also advocated that more
resources be allocated to fight climate-related food insecurity
and to promote gender equality, as these efforts will reduce the
lopsided exposure of more vulnerable communities to climate
disasters around the world. The team also argued that key climate
tipping points require constant attention due to the “the possible
but less likely scenario of runaway or apocalyptic climate
change,” according to the report. <br>
<br>
Last, and perhaps most importantly, the report said that human
societies will also need to undergo a mindset shift from the
traditional focus on economic growth over all other metrics.<br>
<br>
“To address the overexploitation of our planet, we challenge the
prevailing notion of endless growth and overconsumption by rich
countries and individuals as unsustainable and unjust,” the team
wrote. “Instead, we advocate for reducing resource
overconsumption; reducing, reusing, and recycling waste in a more
circular economy; and prioritizing human flourishing and
sustainability.”<br>
</font><br>
<font face="Calibri">“As we will soon bear witness to failing to
meet the Paris agreement’s aspirational 1.5°C goal, the
significance of immediately curbing fossil fuel use and preventing
every further 0.1°C increase in future global heating cannot be
overstated,” the researchers concluded. “Rather than focusing only
on carbon reduction and climate change, addressing the underlying
issue of ecological overshoot will give us our best shot at
surviving these challenges in the long run. This is our moment to
make a profound difference for all life on Earth, and we must
embrace it with unwavering courage and determination to create a
legacy of change that will stand the test of time.”<br>
</font><font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.vice.com/en/article/7kxdxa/1500-scientists-warn-society-could-collapse-this-century-in-dire-climate-report">https://www.vice.com/en/article/7kxdxa/1500-scientists-warn-society-could-collapse-this-century-in-dire-climate-report</a><br>
</font>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font></p>
<font face="Calibri"><i>[Long term strategy for business survival
amidst fears of a climate calamity lurk in Big Oil's big deals -
AXIOS ]<br>
</i></font><font face="Calibri">Oct 24, 2023 - Energy &
Environment<br>
<b>Fears of a climate calamity lurk in Big oil's big deal<br>
</b></font><font face="Calibri">Andrew Freedman<br>
</font><br>
<font face="Calibri"><b>Two mega oil mergers,</b> combined with
other recent industry moves, threaten to prolong high amounts of
greenhouse gas emissions and endanger Paris climate targets,
climate activists warn.<br>
<br>
<b>Why it matters:</b> Chevron's $53 billion purchase of Hess
announced on Monday — along with ExxonMobil's deal with Pioneer
Natural Resources — signals that oil and gas firms foresee robust
fossil fuel demand into the 2030s, despite government moves to
slash greenhouse gas emissions and boost renewable energy.<br>
<b><br>
Zoom in:</b> Climate activists have criticized both deals as
doubling down on harmful energy sources.<br>
</font>
<ul>
<li><font face="Calibri">If regulators bless the deal, the Hess
merger will boost Chevron's oil and gas production and give it
a stake in important international plays.<br>
</font></li>
<li><font face="Calibri">Chevron said the merged firm "is expected
to grow production and free cash flow faster and for longer
than Chevron's current five-year guidance."<br>
</font></li>
<li><font face="Calibri">Exxon's purchase would also boost its oil
and gas production.<br>
</font></li>
</ul>
<font face="Calibri"><b>Threat level: </b>Boosting oil and gas
production, while viewed as a national security imperative, is
inconsistent with steps climate scientists argue are necessary to
meet the Paris Agreement's temperature targets.</font>
<ul>
<li><font face="Calibri">For example, to meet the more ambitious
target of holding climate change to 1.5°C (2.7°F) above
pre-industrial levels through 2100, global emissions would
have to decline by about 43% below 2019 levels by 2030.<br>
</font></li>
<li><font face="Calibri">Such cuts are nowhere near reality at the
moment.<br>
</font></li>
<li><font face="Calibri">Meanwhile, the likelihood of
climate-related "tipping points" like destabilized global ice
sheets, along with worsening extreme weather events, become
far more likely, studies show.<br>
</font></li>
</ul>
<font face="Calibri"><b>Between the lines: </b>According to Rapidan
Energy Group founder and president Bob McNally, the deals
demonstrate oil and gas leaders' rejection of the view that
climate policies are about to cause oil demand to peak.</font>
<ul>
<li><font face="Calibri">"These mergers are more powerful
manifestations of similar recent moves by BP and Shell to walk
back their plans to reduce upstream investment drastically,"
McNally told Axios in an email.<br>
</font></li>
<li><font face="Calibri">"Since late 2021, industry investment and
politics have shifted away from keep-it-in-the-ground and back
to all-of-the-above," he said.<br>
</font></li>
<li><font face="Calibri">"These moves and the dial-back on
decarbonization momentum generally deeply alarms climate
groups."<br>
</font></li>
</ul>
<font face="Calibri"><b>What they're saying:</b> "Big oil needs to
change or Paris will fail. That's a decision for shareholders,"
Mark van Baal, the founder of Follow This, an activist shareholder
movement, said in a statement.<br>
</font>
<ul>
<li><font face="Calibri">He pointed to risks for Chevron in this
deal, including falling costs of renewables; increasingly
stringent climate policies like those recently adopted in
California; and legal proceedings that could hold some fossil
fuel companies accountable for their role in climate change.<br>
</font></li>
</ul>
<font face="Calibri"><b>The intrigue: </b>There are likely to be
additional fossil fuel mergers and acquisitions to come, experts
told Axios. The result may be fewer (and bigger) companies better
able to withstand oil price fluctuations.</font>
<ul>
<li><font face="Calibri">"The companies see persistent global
hydrocarbon demand in the short term and consider the
transition to lower-carbon sources as a decades-long process,
with hydrocarbons remaining a vital piece of the global
economy through the end of the century," said Shon Hiatt,
director of the Business of Energy Transition Initiative at
the USC Marshall School of Business, told Axios via email.<br>
</font></li>
<li><font face="Calibri">"Consolidation serves as a safeguard
against declining consumption when peak hydrocarbon demand
eventually materializes," he said, while noting that Chevron
and Exxon are diversifying "into energy transition areas that
build upon their expertise."<br>
</font></li>
<li><font face="Calibri">These include lithium extraction,
hydrogen, carbon capture and sequestration and geothermal
technologies.<br>
Meanwhile, European oil majors are leaning into the energy
transition more, venturing farther afield into wind and solar
power.<br>
</font></li>
</ul>
<font face="Calibri"><b>What's next:</b> Ensuring emissions cuts
before 2030 will be a driving goal for the upcoming UN Climate
Summit in Dubai starting late next month.<br>
</font>
<ul>
<li><font face="Calibri">The two oil megadeals will form part of
the summit backdrop, with oil and gas firms officially invited
to the confab to an unprecedented degree.</font></li>
</ul>
<font face="Calibri"><b>Yes, but: </b>Incoming COP28 president
Sultan Ahmed al-Jaber has said he expects oil and gas leaders to
come to the summit with concrete commitments to help the world
meet its Paris goals.<br>
</font>
<ul>
<li><font face="Calibri">It's unclear if these mergers would
qualify.</font></li>
</ul>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.axios.com/2023/10/24/chevron-exxon-deals-climate-change">https://www.axios.com/2023/10/24/chevron-exxon-deals-climate-change</a></font>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font></p>
<font face="Calibri"><i>[ who is surprised? ]</i></font><br>
<font face="Calibri"> </font><font face="Calibri"><b>Earth’s ‘vital
signs’ worse than at any time in human history, scientists warn</b></font><br>
<font face="Calibri">Life on planet is in peril, say climate
experts, as they call for a rapid and just transition to a
sustainable future</font><br>
<font face="Calibri">Damian Carrington Environment editor</font><br>
<font face="Calibri">@dpcarrington</font><br>
<font face="Calibri">Tue 24 Oct 2023</font><br>
<font face="Calibri">Earth’s “vital signs” are worse than at any
time in human history, an international team of scientists has
warned, meaning life on the planet is in peril.</font><br>
<br>
<font face="Calibri">Their report found that 20 of the 35 planetary
vital signs they use to track the climate crisis are at record
extremes. As well as greenhouse gas emissions, global temperature
and sea level rise, the indicators also include human and
livestock population numbers.</font><br>
<br>
<font face="Calibri">Many climate records were broken by enormous
margins in 2023, including global air temperature, ocean
temperature and Antarctic sea ice extent, the researchers said.
The highest monthly surface temperature ever recorded was in July
and was probably the hottest the planet has been in 100,000 years.</font><br>
<br>
<font face="Calibri">The scientists also highlighted an
extraordinary wildfire season in Canada that produced
unprecedented carbon dioxide emissions. These totalled 1bn tonnes
of CO2, equivalent to the entire annual output of Japan, the
world’s fifth biggest polluter. They said the huge area burned
could indicate a tipping point into a new fire regime.</font><br>
<br>
<font face="Calibri">The researchers urged a transition to a global
economy that prioritised human wellbeing and cut the
overconsumption and excessive emissions of the rich. The top 10%
of emitters were responsible for almost 50% of global emissions in
2019, they said.</font><br>
<br>
<font face="Calibri">Dr Christopher Wolf, at Oregon State University
(OSU) in the US and a lead author of the report, said: “Without
actions that address the root problem of humanity taking more from
Earth than it can safely give, we’re on our way to the potential
collapse of natural and socioeconomic systems and a world with
unbearable heat and shortages of food and freshwater.</font><br>
<br>
<font face="Calibri">“By 2100, as many as 3 billion to 6 billion
people may find themselves outside Earth’s livable regions,
meaning they will be encountering severe heat, limited food
availability and elevated mortality rates.”</font><br>
<br>
<font face="Calibri">Prof William Ripple, also at OSU, said: “Life
on our planet is clearly under siege. The statistical trends show
deeply alarming patterns of climate-related variables and
disasters. We also found little progress to report as far as
humanity combating climate change.</font><br>
<br>
<font face="Calibri">“Our goal is to communicate climate facts and
make policy recommendations. It is a moral duty of scientists and
our institutions to alert humanity of any potential existential
threat and to show leadership in taking action.”</font><br>
<br>
<font face="Calibri">The analysis, published in the journal
Bioscience, is an update of a 2019 report that has been endorsed
by 15,000 scientists.</font><br>
<br>
<font face="Calibri">“For several decades, scientists have
consistently warned of a future marked by extreme climatic
conditions caused by ongoing human activities,” the report says.
“Unfortunately, time is up … we are pushing our planetary systems
into dangerous instability.”</font><br>
<br>
<font face="Calibri">Prof Tim Lenton, at the University of Exeter in
the UK, the co-author, said: “These record extremes are alarming
in themselves, and they are also in danger of triggering tipping
points that could do irreversible damage and further accelerate
climate change.</font><br>
<br>
<font face="Calibri">“Our best hope to prevent a cascade of climate
tipping points is to identify and trigger positive tipping points
in our societies and economies, to ensure a rapid and just
transition to a sustainable future.”</font><br>
<font face="Calibri">The report highlighted severe flooding in China
and India, extreme heatwaves in the US and an exceptionally
intense Mediterranean storm led to the deaths of thousands of
people in Libya.</font><br>
<br>
<font face="Calibri">The report said that by mid-September, there
had been 38 days with global average temperatures more than 1.5C
above pre-industrial levels, which is the world’s long-term goal
for limiting the climate crisis. Until this year, such days were a
rarity, the researchers said.</font><br>
<br>
<font face="Calibri">Other policies recommended by the scientists
included phasing out fossil fuel subsidies, ramping up forest
protection, a shift towards plant-based diets in wealthy countries
and adopting international treaties to end new coal projects and
phase out oil and gas.</font><br>
<br>
<font face="Calibri">“We also call to stabilise and gradually
decrease the human population with gender justice through
voluntary family planning and by supporting women’s and girls’
education and rights, which reduces fertility rates,” they said.</font><br>
<br>
<font face="Calibri">“Big problems need big solutions. Therefore, we
must shift our perspective on the climate emergency from being
just an isolated environmental issue to a systemic, existential
threat. Although global heating is devastating, it represents only
one aspect of the escalating and interconnected environmental
crisis that we are facing – eg, biodiversity loss, fresh water
scarcity, and pandemics.”</font><br>
<br>
<font face="Calibri">Dr Glen Peters, at the Global Carbon Project,
said recently that the preliminary estimate for global CO2
emissions in 2023 was a rise of 1% to yet another record. Global
emissions must fall by 45% to have a good chance of staying under
1.5C of heating.</font><br>
<font face="Calibri">In September, a different analysis of the Earth
system using nine planetary boundaries concluded that this
planet’s life support systems had been so damaged that Earth was
“well outside the safe operating space for humanity”. The
planetary boundaries are the limits of key global systems – such
as climate, water and wildlife diversity – beyond which their
ability to maintain a healthy planet is in danger of failing.</font><br>
<font face="Calibri"> -
<a class="moz-txt-link-freetext" href="https://apps.crossref.org/pendingpub/pendingpub.html?doi=10.1093%2Fbiosci%2Fbiad080">https://apps.crossref.org/pendingpub/pendingpub.html?doi=10.1093%2Fbiosci%2Fbiad080</a></font><br>
<font face="Calibri"> - <a class="moz-txt-link-freetext" href="https://doi.org/10.1093/biosci/biad080">https://doi.org/10.1093/biosci/biad080</a><br>
</font><br>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.theguardian.com/environment/2023/oct/24/earth-vital-signs-human-history-scientists-sustainable-future">https://www.theguardian.com/environment/2023/oct/24/earth-vital-signs-human-history-scientists-sustainable-future</a></font><br>
<font face="Calibri"> </font><br>
<p><font face="Calibri"><br>
</font></p>
<font face="Calibri"><i>[NYT clips “We are rebuilding the plane
while we’re flying it,” ]</i></font><br>
<font face="Calibri"><b>Gavin Newsom Wants to Export California’s
Climate Laws to the World</b></font><br>
<font face="Calibri">The Democratic governor is supercharging
climate policy and eyeing a future White House run. But critics
say some of his constituents could be left behind.</font><br>
<font face="Calibri">By Coral Davenport</font><br>
<font face="Calibri">Oct. 23, 2023</font><br>
<font face="Calibri">Gavin Newsom, the California governor, packed
his bags and his ambition Monday and flew to Chinese provinces on
a weeklong mission to negotiate climate agreements.</font><br>
<br>
<font face="Calibri">Last month, he was the only American invited to
address the United Nations about climate change, where he
excoriated the fossil fuel industry for what he called its decades
of “deceit and denial.”</font><br>
<br>
<font face="Calibri">He has signed a raft of laws and regulations to
speed the nation’s most populous state away from fossil fuels,
including a ban on the sale of new gas-powered cars by 2035 and a
mandate to stop adding carbon dioxide to the atmosphere by 2045.
He wants to end oil drilling in his state, a major oil producer,
also by 2045.</font><br>
<br>
<font face="Calibri">The two-term Democratic governor wants
California to set an aggressive pace for the nation — and the
world — as time is running out to deeply cut the carbon emissions
that are dangerously heating the planet. Mr. Newsom’s bold moves
on climate have elevated his national profile, just as he is
widely believed to be preparing for a White House run in 2028.</font><br>
<br>
<font face="Calibri">“We move the needle for the country and, as a
consequence, for the globe,” Mr. Newsom said in a telephone
interview Sunday night from Hong Kong. “And that is profound.”</font><br>
<br>
<font face="Calibri">Critics warn that some of Mr. Newsom’s climate
policies are so ambitious as to be unrealistic, making them
impossible to scale on a national or global level. Worse, they
say, his headlong pursuit of his goals could disrupt California’s
energy supplies, hike electric rates and devastate communities
that depend on gas and oil drilling.</font><br>
<br>
<font face="Calibri">“The Newsom administration has been pushing
harder and faster on a climate policy process that was already in
place,” said David Victor, co-director of the Deep Decarbonization
Initiative at the University of California San Diego. “The
challenge is how hard and fast can you push the system ‘til it
breaks?”</font><br>
<br>
<font face="Calibri">Mr. Newsom said that technological changes in
the way the United States produces and uses energy are happening
so fast, that it makes sense to set ambitious targets. “The
breakthroughs that are coming in the next few years will blow past
the paradigm of limited thinking we have today,” he said. “We have
proven again and again that through policy we can accelerate
innovation.”</font><br>
<font face="Calibri">In China this week, Mr. Newsom plans to sign
five agreements with leaders of Chinese provinces aimed in part at
exporting some of California’s climate policies and technologies.</font><br>
<font face="Calibri">- -<br>
</font><font face="Calibri">Mr. Newsom’s posture as a climate
warrior would seem to help him in 2028, when Gen Z and millennial
voters will dominate the electorate, said Celinda Lake, a
Democratic pollster and political strategist...</font><br>
- -<br>
<font face="Calibri">Mr. Newsom joins earlier California governors
who pushed the state to the vanguard of climate policy, including
Jerry Brown, a Democrat who promoted rooftop solar and later
traveled to China to talk climate policy with president Xi
Jinping, and Arnold Schwarzenegger, a Republican who helped craft
the nation’s first major law to require cuts in greenhouse gasses
and developed tailpipe emissions regulations that became a
national model.</font><br>
<p><font face="Calibri">But Mr. Newsom, 56, has seized the climate
mantle and made it his own. On top of the mandates to end
emissions and compel sales of electric vehicles, he pushed
California legislators to approve a record $52 billion in
climate spending. Earlier this month, he signed a first-in-the
nation law that would require major companies to publicly
disclose all their greenhouse emissions.</font></p>
<font face="Calibri">And his administration is suing the world’s
largest oil companies for the climate damages linked to their
products. In addition, California has nearly stopped issuing new
permits for oil and gas drilling. And it has created an agency to
monitor oil companies for price-gouging or other illegal
activities.</font><br>
- -<br>
<font face="Calibri">The governor has less empathy for the
multinational oil companies he is suing, including Chevron, which
is headquartered in his state...</font><br>
<font face="Calibri">“Yes, I use their product,” he said. “And yes,
I flew over here. And yes, I’m in a car that uses gas. I’m not
stupid. I’m not naïve. I didn’t walk here in my organic moccasins.
But nor am I naïve about their deceit and their denial and as a
consequence of the delay and how that’s literally accelerating the
destruction of our planet.”</font><br>
<font face="Calibri">“Well, we’ve got work to do,” Mr. Newsom said
on Sunday. “The work is exciting. You ain’t seen nothing yet. We
got work to do and every year we iterate.”</font><br>
<p><font face="Calibri">After the California legislature passed a
landmark bill last month requiring large companies to disclose
all their greenhouse gas emissions, Mr. Newsom appended an
unusual note to his signature on it, noting that the deadlines
are “likely infeasible” and asking legislators to work on a new
law to modify it.</font></p>
<font face="Calibri">And in an acknowledgment that the state may not
be able to produce renewable electricity fast enough to replace
its old polluting power sources, Mr. Newsom wants regulators to
extend the life of Diablo Canyon, the state’s sole nuclear power
plant, for another 20 years. The plant, which supplies about 9
percent of the state’s electricity without emitting greenhouse
gasses, is scheduled to close in 2025.</font><br>
<br>
<font face="Calibri">“Before I got elected I never heard of cleanup
legislation,” said Mr. Fong. “His argument is, this will have
costs but we’ll clean it up later. That’s not how you make
economic and energy policy for 40 million people.”</font><br>
<br>
<font face="Calibri">One area in which California appears to be
zooming ahead to meet its climate targets is in the adoption of
all-electric vehicles.</font><br>
<br>
<font face="Calibri">In the second quarter of 2023, 25 percent of
new cars sold in the state were electric (compared with 7 percent
nationally), putting California on track to meet Mr. Newsom’s
mandate that by 2035, every new car sold in the state will be
electric.</font><br>
<br>
<font face="Calibri">Charging stations are moving even faster. The
state has already met the governor’s goal of installing 10,000
fast-charging public stations by 2025.</font><br>
<br>
<font face="Calibri">“California is blowing these targets out of the
water,” said Sara Rafalson, a vice president at EVgo, an Los
Angeles-based charging company, who credits Mr. Newsom for the
work.</font><br>
<br>
<font face="Calibri">But as the E.V. network spreads, utilities are
facing a challenge: how to supply the additional electricity
required.</font><br>
<br>
<font face="Calibri">A report by Southern California Edison, one of
the state’s largest electric utilities, found that meeting Mr.
Newsom’s climate mandates would cause demand for electricity to
spike by more than 80 percent, primarily because of electric
vehicles. That rising demand comes as utilities would be required
to rapidly slash their greenhouse emissions.</font><br>
<br>
<font face="Calibri">To meet Mr. Newsom’s climate goals, Southern
California Edison would need to invest heavily in wind and solar
energy while erecting transmission lines and towers four times
faster than it does now and building smaller distribution lines 10
times faster. And it would need to keep that pace going for 20
years — at a cost of more than $370 billion.</font><br>
<br>
<font face="Calibri">“We are rebuilding the plane while we’re flying
it,” said Pedro Pizarro, the CEO of Edison International, the
parent company of Southern California Edison.</font><br>
<br>
<font face="Calibri">And even that won’t be enough, he said. To keep
the lights on and the cars charged, the company would have to
continue to run its existing fossil fuel-fired plants but equip
them with costly technology designed to capture carbon emissions
before they are released into the atmosphere. That nascent
technology is not yet in commercial use and no power plant in
California currently uses it.</font><br>
<br>
<font face="Calibri">“It’s not that the emperor doesn’t have
clothes, but the clothes are pretty thin,” said Mr. Pizarro.</font><br>
<br>
<font face="Calibri">Some California companies say that while they
find the Newsom climate regime burdensome, they also see it as
inevitable.</font><br>
<br>
<font face="Calibri">Hamid Moghadam, CEO of Prologis, a San
Francisco-based company that builds and leases warehouses for
products ordered online from retailers like Home Depot, said that
his global business must comply with 19 California climate
regulations, ranging from rules that limit carbon dioxide emitted
from cement manufacturing to restrictions on emissions from the
delivery trucks. The rules can add roughly 6 percent to project
costs, he said. “It drives up the cost of building, leasing and
maintaining the warehouses, which drives up the cost to the
consumers.”</font><br>
<br>
<font face="Calibri">Still, he said, “the smart companies are
looking at the climate thing as a business opportunity and instead
of fighting it, the forward-looking ones that have the capital are
embracing it. Twenty years from now we’ll be looking at what we’re
doing today in California as the norm.”</font><br>
<br>
<font face="Calibri"><a class="moz-txt-link-freetext" href="https://www.nytimes.com/2023/10/23/climate/gavin-newsom-california-climate-action.html">https://www.nytimes.com/2023/10/23/climate/gavin-newsom-california-climate-action.html</a></font><br>
<p><font face="Calibri"><br>
</font></p>
<p><font face="Calibri"><br>
</font></p>
<br>
<font face="Calibri"> <i>[ Fire and other risk investments - 53
minute video ]</i></font><br>
<b>Catastrophe for Sale | Planet Finance (5/6)</b><br>
vpro documentary<br>
Aug 26, 2023<br>
On Planet Finance, there is a market for almost anything. Even for a
future disaster that has not yet occurred and may never happen. As
the risks of climate change pile up, it appears that money can be
made in the Catbond Market on the risk of future wildfires, floods
and hurricanes. <br>
There is speculation on what the probability is that a catastrophe
will occur. And especially on how much damage it might cause. How
does this market work? And who are the winners and who are the
losers?<br>
- - <br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=jEwYDl5tl-s&t=2s">https://www.youtube.com/watch?v=jEwYDl5tl-s&t=2s</a><br>
<p><br>
</p>
<font face="Calibri"><br>
<i>[The news archive - looking back flood legacy ]</i><br>
<font size="+2"><i><b>October 25, 2013</b></i></font> <br>
October 25, 2013: On MSNBC's "The Cycle," writer David Gessner
discusses the grotesque legacy of Superstorm Sandy.<br>
<a class="moz-txt-link-freetext" href="http://www.msnbc.com/the-cycle/watch/hurricane-sandy-one-year-later-56848963789#">http://www.msnbc.com/the-cycle/watch/hurricane-sandy-one-year-later-56848963789#</a><br>
</font><br>
<p><font face="Calibri"> </font><font face="Calibri"><br>
=== Other climate news sources
===========================================<br>
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Newsletters<br>
We deliver climate news to your inbox like nobody else. Every
day or once a week, our original stories and digest of the web’s
top headlines deliver the full story, for free.<br>
</font> <font face="Calibri"><a class="moz-txt-link-freetext"
href="https://insideclimatenews.org/">https://insideclimatenews.org/</a><br>
--------------------------------------- <br>
*<b>Climate Nexus</b> <a class="moz-txt-link-freetext"
href="https://climatenexus.org/hot-news/*">https://climatenexus.org/hot-news/*</a>
<br>
Delivered straight to your inbox every morning, Hot News
summarizes the most important climate and energy news of the
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remain largely unexposed. 5 weekday <br>
================================= <br>
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class="moz-txt-star"><span class="moz-txt-tag">*</span></b> <br>
Every weekday morning, in time for your morning coffee, Carbon
Brief sends out a free email known as the “Daily Briefing” to
thousands of subscribers around the world. The email is a digest
of the past 24 hours of media coverage related to climate change
and energy, as well as our pick of the key studies published in
the peer-reviewed journals. <br>
more at <a class="moz-txt-link-freetext"
href="https://www.getrevue.co/publisher/carbon-brief">https://www.getrevue.co/publisher/carbon-brief</a>
<br>
================================== <br>
*T<b>he Daily Climate </b>Subscribe <a
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