Grumpy Climate Change Commentator: Emissions Targets - Do They Add Up?


Balancing Money and the Earth Another weird day in Climate Change, where I just cant quite get things to add up.

LONDON, Feb 18 (Reuters) - Britain’s goal of cutting emissions of climate warming carbon dioxide by 60 percent by 2050 will be reviewed by the end of the year and may be raised, Environment Secretary Hilary Benn said on Monday.

Ok. All other arguments aside, there is nothing wrong with ambition. Good for the environment and all that stuff. Although one does wonder just how the UK will ever achieve this based on current performance. The report goes on:

“The scientific evidence has moved rapidly, and as part of a new global climate deal, developed countries may have to cut their emissions by as much as 80 per cent by 2050. That’s why we announced a review of the UK target last year,” Benn said.

I understand that 2050 is far away, but I just don’t understand how countries such as the UK believe that they have even a slight chance of achieving this. Let’s look at a few options:

  • Renewable Energy: Umm, no. The UK already has one of the lowest renewable energy production rates in Europe, with very little chance of improving since each proposal gets immediately stonewalled by a different set of environmental groups who obviously don’t seem to need electricity.
  • Nuclear Power: Umm, no. Not in my backyard is the usual answer. Or in your backyard either, unless it is several thousand miles away.
  • Energy Conservation: Probably not. Our demand for energy is increasing - caused by phenomena called economic growth and population expansion. One of which is hard to argue against, since it pays for everything, and the other since… Since.. Well, we don’t talk about that.
  • Use of Public Transportation: Not really. In 90% of the UK, for example,  there is no public transportation. At least not in a form that meets most people’s basic transportation needs, such as getting to work on time and without feeling like you’ve just spent an hour in a sewer.

There are probably a few more options, all equally implausible. But, just when I was giving up altogether, I read the next sentence of the Reuters story:

The bill allows Britain to buy carbon emission credits abroad to help towards meeting its national reduction targets, an allowance critics see as a fundamental weakness.

Yep, those good old carbon credits again. Where would we be without them? However, I think I may have spotted a flaw in this strategy - in another story from Reuters:

Monaco said on Thursday it would become the fifth country to commit to carbon neutrality under the UNEP project, joining Costa Rica, Iceland, Norway and New Zealand.

I also noticed this week that Switzerland announced that it too would be using carbon offsets to help meet its emissions reduction targets. That’s a lot of countries, trying to offset a lot of emissions. So just where are all these emissions credits going to come from? I can think of several dubious possibilities:

  • The price for emissions credits goes through the roof, but all these countries continue buying them anyway to cleanse themselves of their carbon sins - to hell with the national budget. Unlikely.
  • Rich countries buy cheap credits by paying poor countries to stay poor, so that we can keep emitting. This one should probably be the subject of a separate blog post. Still, unlikely.
  • Many countries and several industries dramatically reduce their carbon emissions. They sell their carbon credits to countries such as the UK who can’t get their act together on Co2. Rich with the proceeds of all these credits, they thank their lucky stars that they had the foresight to accept the challenge of reducing emissions early, such that they could develop technologies and practices which have now made them world economic leaders. Not impossible, but a huge gamble.
  • The proceeds from all of these carbon offsets are invested into developing new, low carbon technologies. The availability of these technologies dramatically reduces world carbon emissions and keeps the price of carbon credits reasonable. Possible - perhaps the Bill Gates of Climate Change has yet to be discovered?
  • Governments manipulate the price of carbon credits, by allocating large amounts of them to their own industries for free, or for well below market value. Very likely - it wouldn’t be the first time.

I am perhaps being a little too cynical in this case, but some important facts remain - many nations are way behind on their targets, and purchasing carbon offsets may be their only way out of binding obligations. In this case the price of carbon credits is set to rise enormously, the results of which may be unpredictable.

In such a situation someone stands to make an awful lot of money. With the price of the congestion charge for my Porsche set to increase, I’m open to any offers.

Sources:

 http://www.reutersinteractive.com/Carbon/90374, http://www.reutersinteractive.com/Carbon/90688

More about carbon trading from TalkClimateChange:

The End of Cheap Electricity in Europe-

Is The New EU Climate Plan a Heroic Attempt at Leadership- Or Economic Suicide-

The Pro’s and Con’s of Emissions Cap & Trade

Information and Links

Join the fray by commenting, tracking what others have to say, or linking to it from your blog.


Other Posts
How Warm Is It Really?
Are Porsche Drivers Being Unfairly Treated?

Tags


Write a Comment

Take a moment to comment and tell us what you think. Some basic HTML is allowed for formatting.

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

Reader Comments

please allow me to vent more skepticism here. i like this carbon trading system.. it means that somewhere, there is a Mecca where all our sins can be deposited albeit for a fee.
then we may dance around the much darkened stone guilt-free.. why hadn’t i thought of that?

and think of all these poor people who now will have ample resources for easy money. this scheme could be applied to nutritional deficiency as well.

all my obese neighbors could purchase food credits which would nourish a third world country, thereby absolving them of gluttony, zowie!

from here the view is dismal.

With the sort of thinking by “Blue Team”, whoever that is, the entire British Empire would have surrendered when the Germans encircled Dunkirk.

Yes there are obstacles. No, it’s not easy. If we try, we may fail. If we don’t try, we’ll certainly fail. I’ll take possible or even probable failure over certain failure any day.

Whenever I see a wail of helplessness like this I think of that scene in The Godfather when Johnny Fontane is wailing and crying. “I don’t know what to do!”

*SLAP, SLAP* “You can act like a man!”

It’s amazing what can be achieved when you act like a man, or act like a woman, instead of a whining adolescent, and just plain give it a go. It’s 42 years, for God’s sake. A hell of a lot can be achieved in 42 years, provided we don’t sit around wailing about how impossible it is.

This is part of the problem, there is no clear message as everyone rushes to get out of the blocks first.

I had hoped the expected results of the UNFCCC talks ending in 2009 would be the starting point for global action.

So the messages in the media will change until that time and we will have to roll with the punches until a clear message is arrived at.

The goal posts have been moved many times since 2001, that is part of my personal view of the problem, there is no clear targets.

So as with all things political, they will have to do it no less than 5 times to either get it right or give up.

Kiashu,

I agree with you in part, that over the next 42 years a lot will be possible. And from a purely technical standpoint I am sure that we will make great advances.

But socially, politically, and financially I think it will be very difficult to effect real change. The UK is a case in point - despite seemingly huge political will, what has been practically achieved is very little.

This is really the point of this post.

You see Carbon Tax countries held up as shining examples, specifically Norway, by the AGW mitigation crowd who do not read the fine print. They only read the country’s press releases.

The reason I am focusing on this is because it was used in a open meeting here by a AGW proponent on Thursday Night while discussing the Carbon Tax just introduced by my regional Government. Norway has a similar tax.

I promply produced the report by his own environmental group that clearly states that Norway is side-stepping the system and not addressing actual emissions, and chopped him off at the knees debate wise. Should have read his own and other research, but when you are so sure you are right you do not think you have to.

Norway is cash rich so why cannot they solve the problem with money like environmentalists keep telling us can be done?

Because of the conditions, both geogaphically and climate wise, the current options DO NOT WORK for Norway. I really believe they are trying, I mean they built the seed vault after all, should be worth a couple of points to save all the plant species on the planet. So I am sure they are actively seeking solutions.

So their current solution is to off-set as they are not even close to their Kyoto commitments, they have actually increased emissions so they are scrambling to meet their carbon-nuetral claims!

I say real reductions must be made in self-proclaimed carbon-nuetral countries, you want to lead then lead, so we can judge the impact economically to allow for real progress in the managing of these changes, as far as carbon credits, sorry they do not count, please hang up and try your call again.

It doesn’t matter how nations plan to cut carbon dioxide, or pay for carbon credits of any of the other silly schemes to stop “climate change. Long before 2050 is reached the climate will continue cooling, as it now seems to be doing. By 2050 we will look back at the Al Gores, IPCC, James Hansen, the “hockeystick”,and all the other frauds in disbelief that nearly the whole world could be scammed into believing something so preposterous as our current panic over AGW. Its all within the natural range of climate variance and we can’t do a damn thing to stop the changes.

Certainly the social, political and financial obstacles are greater than the technical obstacles - and I say that as a sceptic that Science! will save us all.

Nonetheless, social and political change can be faster than you expect. Again, it’s 42 years. Compare the world in 1900 with that in 1942, or 1984.

Hell, just look at 1966 to 2008. In 1966, poor civil rights in the US, most of Africa still or only recently colonies, few or no satellites, military dictatorships in most of South America and significant parts of Europe, the Red Army across most of Eastern Europe, much of African and Asia under the threat of mass famine, computers still the size of houses… and 42 years later…?

Many changes since 1966 have been very positive, or at least neutral (eg people living in sub-Saharan African countries are overall neither better nor worse off independent than they were as colonies) for the world - and most of them haven’t depended on cheap fossil fuels, though they have to some extent depended on technology, for example many civil rights and liberation movements were greatly helped by television and radio.

Now, I don’t mean to say that everything will automatically turn out alright. It may or may not. But I do mean to say that while the obstacles to positive change are significant, they are not insurmountable. Had you told people in the US in 1966 that in 2008 a half-African man would be campaigning for the US Presidency with a significant chance of victory, or told Chinese that they’d be able to put men in space, or told Muscovites that the entire Soviet empire would fall with barely a shot fired in the process (though some shots after it’d fallen), or indeed told anyone in the West that fossil fuel depletion and climate change would be a serious concern, well… :)

We can do a lot in 42 years, if we set our minds and hands to it. Sustained effort may or may not bring results, while giving up will definitely not bring results.

Negative change always seems terrifyingly fast, and positive change painfully slow.

“Hell, just look at 1966 to 2008. In 1966, poor civil rights in the US, most of Africa still or only recently colonies, few or no satellites, military dictatorships in most of South America and significant parts of Europe, the Red Army across most of Eastern Europe, much of African and Asia under the threat of mass famine, computers still the size of houses… and 42 years later…?

Yes, computers are a lot smaller nowadays.

The world is going to undergo a massive change before 2050. Ray Kurzweil predicts “the next half century will see 32 times more technical progress than the last half century”. Also that artificial intelligence will be with us.

“or indeed told anyone in the West that fossil fuel depletion … would be a serious concern

They would believe that. The idea was first introduced to Congress around 1910 if memory serves, and reports of it have been hitting headlines ever since.

http://liberty.pacificresearch.org/docLib/20070920_Hysteria_History.pdf

“Predictions of oil shortages have run throughout the last half-century. In 1943, U.S. Secretary of the Navy Frank Knox predicted a serious oil shortage by 1944 and oil exhaustion in the United States by 1963.”