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Tuesday, June 21, 2016

Climate Links: 06/20/2016

Antarctica’s CO2 Level Tops 400 PPM for First Time in Perhaps 4 Million Years. Bob Berwyn, Moyers & Co.

Shattered records show climate change is an emergency today, scientists warn. Damian Carrington, The Guardian.
May was the 13th month in a row to break temperature records

Toward a more reflective planet. David Keith and Gernot Wagner, Project Syndicate.
The last time the atmosphere held as much carbon dioxide as it does today was about three million years ago – a time when sea levels were 10-30 meters higher than they are now. Climate models have long struggled to duplicate those large fluctuations in sea levels – until now. Indeed, for the first time, a high-quality model of Antarctic ice and climate has been able to simulate these large swings. That is smart science, but it brings devastating news....
We need to turn down the heat – and fast. To this end, albedo modification – a kind of geoengineering intended to cool the planet by increasing the reflectivity of the earth’s atmosphere – holds tremendous promise.

Globalization made economic production more vulnerable to climate change. Phys.org.
"Our study shows that since the beginning of the 21st century the structure of our economic system has changed in a way that production losses in one place can more easily cause further losses elsewhere." The study examines the example of local heat-stress-related productivity reductions causing global effects.

“We continue to see banks signing up to voluntary commitments like the Paris Pledge for Action, strongly stating their support for the implementation of the Paris Agreement. But in reality they continue to finance sectors and projects that are completely incompatible with that transition,”
Citigroup and Bank of America are named “the Western World’s coal banks”, based on financing patterns over the past three years, while JPMorgan Chase, Barclays and Bank of America are called “the bankers of extreme oil and gas”. Royal Bank of Canada is identified as the biggest banker of tar sands.

Mark Carney: Green Investments need ground rules, fast. Craig Mellow, Institutional Investor.


Greening the trillions. Nick Robins and Simon Zadek. Huffington Post.
The sheer scale of the investment requirements to deliver the world’s Sustainable Development Goals and the Paris Agreement on climate change has stimulated a new conversation on how to mobilise private capital. Strong sector policies to channel private capital to sustainability priorities from agriculture through cities to energy and transport are required more than ever. Real pricing of natural resources and pollution is vital to generate attractive risk:return profiles for sustainable solutions. And smart deployment of scarce public finance is essential to pay for things that the market will not provide and to ‘crowd in’ private capital to critical areas of green infrastructure and clean tech innovation.

WATCH: Nicholas Stern, Robert Orr, and Sri Mulyani Indrawati discuss what it will take to deliver on the Paris climate agreement. Planet Policy. Brookings.

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