|Clean Energy Economy Workshop | Net-Zero Emissions||2 days|
Climate change is real. The planet’s common floor temperature has risen about 2.05 levels Fahrenheit (1.14 levels Celsius) for the reason that delayed nineteenth century, a vary pushed largely by escalated carbon dioxide and different human-made emissions into the atmosphere. A lot of the warming occurred previously 40 years, with the six warmest years on document happening since 2014. But also was 2016 the warmest a period of 365 days on record, but eight months out of that a period of 365 days — from Jan via September, apart from June — had been the warmest on report for these respective months.
World local weather vary has already had observable Results on the environment. Glaciers own shrunk, ice on rivers and lakes is breaking apart earlier, plant and animal ranges hold shifted and timber are flowering sooner.
Effects that scientists had predicted prior to now would end result from world local weather vary at the moment are occurring: lack of sea ice, accelerated sea degree rise and longer, extra intense warmth waves.
Earth’s climate has changed throughout history. Just in the last 650,000 years there have been seven cycles of glacial advance and retreat, with the abrupt end of the last ice age about 11,700 years ago marking the beginning of the modern climate era — and of human civilization. Most of these climate changes are attributed to very small variations in Earth’s orbit that change the amount of solar energy our planet receives.
By 2050, cumulative damage from climate change may reach $8 trillion, impoverishing by 3% of gross world product and the poorest regions by more of their gross domestic product (GDP).
There are a variety of ways that climate change will have an economic impact — some are gradual changes such as increased cooling costs for buildings, while others are more dramatic, related to the higher frequency of extreme weather events, such as Superstorm Sandy or the heat wave of 2003 in Europe, which killed tens of thousands of people.
The costs of storms like Sandy are immense — New York is believed to have spent $35 billion responding to the damages. This is serious money, and it is the cost of just one storm in one state. Hurricane Katrina racked up damages that are estimated at $100 billion or more.
In a general sense, the economists who study this problem tend to divide the costs up into market and non-market costs. A market cost is a cost to some part of the economy that could be quantified in terms of dollars, while a non-market cost is a something that is not easily quantified because there is no market for it.
A damaged ecosystem like a coral reef is an example of a non-market cost. The damage to reefs has a cost and the cost is probably multifaceted and widespread, but it is not something that can be measured or expressed in dollars.
However, market costs are more tangible losses, and, the experts believe certain industries will suffer considerably. Market sectors expected to be hurt most by climate change include:
- Agriculture — All crops have an optimum range of temperature and precipitation and as these change throughout the globe, crops will generally do worse. It is estimated that 80% of the global croplands and almost 100% of the global rangelands depend on rainfall, and as rainfall patterns shift, agricultural production will likely suffer.
- Forestry — The consequences of climate change in the forestry sector of the economy will vary from place to place, but the onslaught of devasting fires and spread of new diseases brought on by shifts in increased heat and decreased rainfall will lessen the productivity of this part of the economy.
- Fisheries – Natural fisheries are in decline globally. In some regions, the dependence of a fishery on a broader ecosystem such as a coral reef will make it vulnerable to increased warming and acidification.
- Insurance — Insurance is actually the largest single industry in the world and insurers are concerned about climate change because it is clear from their records of premiums collected and payments made in relation to weather catastrophes that they are losing their ability to effectively insure people against climate-related damages.
- Public Infrastructures — Global warming and consequent sea level rise will place burdens of the system of roads, pipelines, water supply, water treatment, power transmission lines, etc., that make up the infrastructure of countries. Governments will have to spend more to keep these systems running and this will cause a drag on the economy.
- Tourism and Recreation — In mountainous areas around the globe, more and more snow-makers are appearing, as ski resorts try to keep themselves viable by preventing the ski season from decreasing its duration. There are vast economic stakes in the tourism industry that is based on recreation of this type. Also, beach resorts face challenges from a rising sea level.
In general, economists believe that for a 4°C increase in global temperature, the climate damages amount to about 4% of the global economy.
Clean Energy Economy Workshop | Net-Zero Emissions Course
Our Clean Energy Economy Workshop, Net-zero Emissions is a 2-day workshop focusing on key concepts on clean energy future and environmental justice.
- Clean Energy Economy
- Transitioning to 100% clean, renewable energy
- Shifting energy policy
- Changes to federal, state, and local incentives and policies
- Clean energy growth
- Renewable energy
- Wind and solar
- Opportunities for Hydrogen as an Energy Intermediate
- Dropping technology costs
- More demand for clean energy and efficiency technology
- Supportive policies and investments
- Energy storage and advanced grid
- Energy efficiency
- Climate Corps
- Advanced vehicles and transportation
- New opportunities for economic growth and fosters job creation
- Engineering Innovation
- Economic Development, Structure, and Opportunities
- Regional Growth Partnership
- Partnership for Renewable Hybrid Energy Systems Development
- Technology Acceleration
- Fuel Cell Technologies
- Energy Efficiency & Renewable Energy (EERE) Programs
- Hydrogen Production Demonstration Project
- Strategic Engineering
- Integrated Energy Systems
- Production of Clean Transportation Fuels
- Industrial Processes
- Electrification and Infrastructure
- Industry Drive for Clean Energy/Business Opportunities
- Holistic Energy Systems Evaluation and Optimization
- Energy Systems Modeling and Simulation
- Solid Oxide Technology Development