A few climate change tidbits

There was good news, bad news and ludicrous news that occurred this week. Here is a Friday rundown.

On the good news front, The Charlotte Observer did an excellent editorial called “Federal disaster relief: Tossing cash in the ocean in NC.” The gist is the US Army Corps of Engineers is spending “$237 million to rebuild dunes and widen the beach on 10 miles of Topsail Island shoreline.” The sad part is the rebuild is occurring only a year after an earlier rebuild. Per Orrin Pilkey a Duke emeritus professor of geology and an expert on coastal erosion, “‘These projects can only be characterized as madness. The sea-level rise is clearly accelerating, increasing intense storms are expected as has happened in the last four years, and the amounts of money spent on these beaches will need to be expended again and again for years into the future.'” Per the Observer, “piling cash into the sand won’t stop that for long.” Ten years ago, the largest global pension trustees did a study that noted the cost of addressing climate change was in the multiple tens of trillions of US dollars.

On the ludicrous front, US Secretary of the Treasury Steve Mnuchin decided to follow his boss’ lead and pick on Greta Thunberg. In essence, Mnuchin said she needs to go back and get an economic degree and then explain why we should fight climate change. OK, Mr. Mnuchin, please tell me how spending cash to rebuild sand dunes over and over again makes financial sense? Help explain why the present value cost of renewable energy such as wind and solar, which includes the cost of acquisition, transportation, environmental degradation, production, maintenance of byproduct, and litigation is far cheaper than the present value cost of coal energy? And, while your at it, why did a Mayor, with an accounting background, in a Texas town choose a 100% renewable energy proposal over a fossil fuel one due to cost and guaranteed pricing for twenty-five years? What this shows to me is grown people are trying to denigrate a young girl as if they do, then climate change is not an issue.

On the bad news front, the courts threw out the climate change inaction case against the US by twenty-one children and now young adults. The case had merit and moved up to a district courts where it was dismissed by a 2 to 1 vote. The courts did agree with the plea to do more about climate change, but did not feel the case warranted further action. It has spawned other cases in other cities and helped fuel an advocacy to do something about climate change. What the plaintiffs will do next is uncertain at this point. It should be noted the suit against Exxon Mobil by three states is still pending. Using Exxon’s own data, the lead state New York Attorney General, is arguing that Exxon Mobil misled its shareholders and possible investors on the impact of climate change on its financials. That is securities fraud under the guise of the SEC.

The takeaways from the above are clear in my mind. Dealing with climate change is a “pay me now or pay me later” proposition. A key is we cannot put the climate back together again if we wait too long to act more aggressively. I have quoted Pilkey before, but one message bears repeating. People would be foolish to buy property on the shore and should think about selling what they have now. That cuts to the chase.

The other takeaway is the young people get it. The older people in positions of power either don’t get it or cannot say that they do, as they take so much funding from the fossil fuel industry. Coal is in the demise and more coal plants have been closed under this president than under his predecessors. That would be a good question for Messers. Mnuchin and Trump that Ms. Thunberg might want to ask. She might also want to ask why the Trump Organization petitioned, in writing, the Irish government to build a sea wall at a Trump golf course to hold back the rising ocean due to climate change. It does not take an economist to call BS on that one.

A royal push for climate change action

Strong on the heels of Greta Thunberg’s visit to the United States and United Nations climate change conference in Spain, a royal member of the UK family is making a very public statement backed with funds to match. In an article by Simon Perry in People Magazine, of all places, a very important global mission was revealed in an article called: Prince William Unveils Ambitious New Environmental Mission: ‘The Earth Is at a Tipping Point and We Face a Stark Choice’.

The first three paragraphs from the article (see link below) are as follows:

“On Tuesday, the royal unveiled a multimillion-dollar international award to harness the best ideas for tackling the biggest environmental challenges in the world.

William, 37, has set his sights on spending the next decade rewarding visionaries and innovation. Called Earthshot, it will be awarded to five winners a year for the next decade, generating what William hopes will be 50 solutions by 2030.

‘The earth is at a tipping point and we face a stark choice: either we continue as we are and irreparably damage our planet or we remember our unique power as human beings and our continual ability to lead, innovate and problem-solve,’ William said in a statement. ‘Remember the awe inspiring civilizations that we have built, the life-saving technology we have created, the fact that we have put a man on the moon. People can achieve great things. And the next 10 years presents us with one of our greatest tests: a decade of change to repair the earth.’”

The case for change to reward climate change action innovation was echoed when “Dr. M. Sanjayan, CEO of Conservation International, added in a statement, ‘We have a very small window, 10 years, to jolt earth onto a path of sustainability. It can sound terrifying – or it can sound like one of history’s greatest opportunities. Yes, the challenges are daunting. But how we react is still, in this sliver of time left, entirely up to us – and that is what the Earthshot Prize is all about. It’s about this opportunity in front of us, right now, to choose to put our energies towards taking action and uncovering solutions, to choose to create the future we want over settling for the one that we fear.’”

It is good to see more public figures cite the need to act, especially with the recalcitrant US president who is beholden to the fossil fuel industry. Fortunately, good things are happening around the globe and in the US, but more is needed to address the climate change impact which is already happening. I applaud the future King. We all should.

https://www.msn.com/en-us/lifestyle/royals/prince-william-unveils-ambitious-new-environmental-mission-the-earth-is-at-a-tipping-point-and-we-face-a-stark-choice/ar-BBYun7r?ocid=spartandhp

Greta Thunberg joins a ninth grader in Charlotte for climate change strike

Her words were clear. We must “unite behind the science.” Sixteen year-old climate change activist Greta Thunberg joined ninth-grader Mary Ellis Stevens in Charlotte along with 1,200 other people for a climate change strike. I was one of the 1,200. Several young people spoke, with only a few adult voices making it to the dais. The crowd was multi-generational, multi-ethnic and multi-racial. It was wonderful to witness.

Below is a brief article from The Charlotte Observer on the strike. I was struck by several things she and others said.

– Thunberg made a point of referencing many of the indigenous tribes from our area. To me, this is representative of the saying “we are not inheriting our land from our forebears, we are borrowing it from our children.”
– a young UNCC student activist who is African-American noted that people of color are more impacted by climate change than other groups, yet they get under-represented at these events. The reason is the events are held during the working day, and not everyone has the luxury of getting away from work or school.
– Thunberg handled a heckler with the aplomb of a seasoned politician. After listening for a few seconds, she said why don’t you come back stage afterwards and we can talk about your comments?

I was incredibly proud of the young folks in attendance. I think Thunberg is a hero for her courage and candor. My favorite sign was from a young adult woman standing near me that said “You cannot renew lost time.” I told her that her sign was excellent. In my view, we have lost eleven years due to the Bush/ Cheney White House and the Trump White House. Good things have happened in spite of their lack of leadership on this topic, but these efforts could have been leveraged even more by concerted federal action.

https://www.charlotteobserver.com/news/local/article237108539.html

Climate change shout out

Earlier this week, the US president began the official process to abandon the rest of the world by leaving the Paris Climate Change Accord. As a response, I posted the following on the websites of many Democrat presidential candidates. Please feel free to modify and use accordingly.

“Please shout from the roof tops that if you win the presidency you will have the US rejoin the Paris Climate Change Accord the day of your inauguration. Leaving this agreement is poor stewardship of our planet and detrimental to our global leadership.

In less than three short years, we have recurringly ceded our global leadership role forsaking our allies and trading partners. We have also become less trustworthy because our president cannot be trusted. Rejoining Paris would be a huge step back to being a good neighbor.”

Wednesday walkabout once again

It is a Greenwich time Wednesday, so I thought I would meander over several paths on my walkabout. So, get out your hiking boots and let’s go for a walk.

On one path, I thought of the passionate advocacy of the young kids over insufficient climate change action. Greta Thunberg is a hero to our planet and her efforts should be applauded. A couple of months ago a conservative Australian pundit decided to attack her person making fun of her having Asperger’s syndrome. He was roundly and rightfully criticized.

It was followed up yesterday by a Fox News guest speaker who equated Thunberg’s Asperger’s with a mental illness and was roundly and rightfully denounced even by the Fox network. Then there is the US president who likes to denigrate people tweeting “tongue-in-cheek” how happy she looked. Many of us had predicted the president would act true to form because he simply cannot help himself from picking on critics. And, he called himself the “Chosen One” recently. Chosen by whom for what?

Down another path, I thought of poor Boris being ruled against by the UK high court for canceling parliament for so long before Brexit. Right now, the UK is so ill-prepared for Brexit, that who would think canceling parliament could even resemble a good idea. Yet, while Boris is short on doing his homework, he is never bashful. Let me say this for the umpteenth time, Brexit is not the best of ideas in the view of many financial people, but I understand the rationale. Yet, please do not let people that don’t know any better convince the UK a “no-deal Brexit” will be OK. It will be about as big a disaster as can be imagined. Brits should be worried that the US president thinks it will be OK as he is as studious as Boris.

Moving on to another path, the US president does not think it is wrong to try and strong arm a country for dirt on an opponent. He also does not think it is wrong to avoid the whistleblower rules. Both of these are crimes. I will not be surprised to learn that the departures of Dan Coats and Sue Gordon, two well thought of Intelligence leaders, in August are related. When people say the Mueller report cleared Trump, it did not. He obstructed justice and would have done more if some folks followed his orders. He continued to obstruct Congress after then. Yet, the Mueller report also showed a lot of poor action and behavior on his staff in courting Russian officials. Mueller did not delve far enough, but I feel he would have found more. But, what he did find showed sloppiness that was easily taken advantage of.

As I said last week to staff of Republican Senators, what will the Senator have to rationalize next week, next month or next year about the president? And, what may have scared them the most is when I said he or she won’t know if the sin has already been committed or will be committed in the future. The whistleblower stuff had already been committed. That should scare the hell out of Republicans. And, should because they have fed this monstrous behavior. The president is a clear and present danger to our democracy, our planet and the Republican party.