Business and Economic Opportunities Emerging from Climate Change Menas Kafatos, Schmid College of Science, Chapman University, Orange, CA [email protected] [email protected].
Download ReportTranscript Business and Economic Opportunities Emerging from Climate Change Menas Kafatos, Schmid College of Science, Chapman University, Orange, CA [email protected] [email protected].
Business and Economic Opportunities Emerging from Climate Change Menas Kafatos, Schmid College of Science, Chapman University, Orange, CA [email protected] [email protected] Climate Forcings, IPCC and Uncertainty: Implications for Decision Making? Source: IPCC 2007 The Importance of Observations in Reducing Uncertainty in Environmental-related Decisions: Global Mean Sea Level The Importance of Observations in Climate Change Decision Making (keeping model runs honest) The “smoking gun” of climate change 4 SATELLITE OBSERVATIONS: Economic value will increasingly become greater and greater A –Train of NASA. Instruments include photometers, lidars, radar and hyperspectral, following each other in short intervals 11/7/2015 Global Climate Change & Global Economy: How are they related? •Climate change is global but its effects are regional or local •For COP 15, and future agreements, how the dual issues of global climate and global economy are related to each other needs to be addressed •A lot of emphasis has been placed on carbon trading policies and the associated economic issues Fuel Emissions & Temperature Fossil fuel emissions and the rate of increase of CO2 concentration in the atmosphere. The monthly atmospheric increases have been filtered to remove the seasonal cycle. • Vertical arrows denote El Niño events. • Atmospheric data from Keeling and Whorf (2000), fossil fuel emissions data from Marland et al. (2000) and British Petroleum (2000) IPPC 2001 Cap and Trade • Market-based tool to reduce carbon emissions by groups of sources • Sets “cap” on a given source’s emissions • If source emits more than cap allows, can purchase carbon credits from a source that emits less • Promotes more environmental protections at lower costs • Incentives to lower emissions (can sell credits for profit), consequences if too high (must purchase more credits) • Can theoretically account for all emissions due to more accurate emissions reporting • Each source develops its own strategy for compliance, i.e., • trading carbon credits • install pollution controls • implement efficiency measures • alter business strategies, etc. Emission Trading Scheme (EU) Costa Rica/Norway Reforestation and Forest Conservation Pilot Program •The project aimed to sequester carbon through reforestation and conservation efforts • The total foreign investment was about $2 million (USD) to buy the equivalent of about 200,000 metric tons of carbon The EU developed international trading system for Carbon emissions. - Aims for cost-effective emissions reductions throughout the EU - Covers over 10,500 installations throughout the EU plus Iceland, Liechtenstein and Norway. - National Allocation Plans (NAPs) determine the total quantity of CO2 emissions that Member States grant to their companies - Member States limit CO2 emissions from the energy and industrial sectors through the allocation of allowances From: EUROPA: Gateway to the European Union (http://europa.eu/index_en.htm) 11/7/2015 Economic Opportunities: Examples of Some U.S. Companies •Cap and Trade CCX is a U.S. corporation, and today remains the only emissions reduction and trading system for all six greenhouse gases and the only operational cap and trade system in North America. CCX has nearly 300 Members from all sectors and Offset Projects worldwide •Companies studying future scenarios • Rand Corp. is a non-profit think tank that aims to help improve policy and decision-making through research and analysis, and pulled in $230 million in revenue in FY08 Economic Opportunities in Mitigation and Adaptation Issues • Investment in climate change mitigation or adaptation •Tools for Decision Making Business opportunities in climate change mitigation: • clean energy technologies • better energy efficiency • biomass to energy technologies Opportunities in climate change adaptation: • ecosystem restoration • forest management • water and watershed quality improvements • waste management Companies Invest in Climate Change Mitigation and Adaption • Daikin Industries – manufacture energy-efficient air conditioning systems • Achievement of 67% reduction of greenhouse gas emissions that exceeds the 40% reduction target compared to fiscal year 2005 •Obtainment of ISO14001 certificate by all production bases (excluding the OYL Group) •Achievement of 78% reduction for emission amount of toxic substances designated by the PRTR Law: a reduction that exceeds the 70% reduction target compared to fiscal year 2005 •United Technologies – building insulation, energy-efficient elevators, fuel-cells and power systems • $58.7Billion revenue for 2008 • Named a "Global 100" most sustainable corporation in the world by Corporate Knights, Inc. • Covanta Holding Corp. – largest energy-from-waste company • operates over 30 energy-from waste facilities in North America, Europe and Asia • Energy-from-Waste facilities process 14% of municipal solid waste in the United States, serving the disposal needs of more than 37 million people and producing enough electricity for 2.8 million homes. • processes more than 15 million tons of waste annually in U.S. • converted more than 250 million tons of waste into energy and offsetting 250 million tons of greenhouse gases 11/7/2015 Green Growth and the Economy: Examples • Korea Government policy: “New Growth industries and the creation of jobs are requisite to tide over the economic crisis, and green industries are the sole alternative.” (Senior Presidential Secretary Jae-wan Park) •Deutsche Bank (2009 white paper): “Each government will have to come up with a stimulus package to shore up their slumping economy in order to preempt a recession in the next 2 to 3 years, …this is a historic opportunity to invest in the green infrastructure”. •Report predicts that investments in the green growth sector will surge to $45 Trillion by 2050 globally. Areas such as clean energy generation, storage and other infrastructure; management of sources like water, agriculture and sewage; efficient use of energy and resources; and environmental services, will be major investment areas. According to the Climate Change Business Journal © 2008 Environmental Business International, Inc. (EBI), San Diego, California: There are 9 business segments in the definition of the Climate Change Industry, namely: 1. Low-Carbon & Renewable Power •Renewable or Clean Energy Systems, Equipment & Power Sales •Low Carbon Conventional Energy 2. Carbon Capture & Storage (CCS) 3. Energy Storage: Equipment & Systems 4. Energy Efficiency and Demand Response •Energy Efficiency Services •Energy Efficiency Equipment/Supply •Demand Response & Smart Grid Systems and Services 5. Green Buildings (the future will see new standards) 6. Transportation •Transportation Vehicles •Transportation Fuels •Transportation Systems 7. Carbon Markets; Trading & Projects 8. Climate Change Adaptation (this has huge potential for the future) 9. Consulting & Research (industry, academia, government labs) SOURCE: Climate Change Business Journal. © 2008 Environmental Business International, Inc. (EBI). San Diego, California. (comments in parentheses) Hazards & Impacts • The "clear and present danger" of global warming, natural and anthropogenic hazards, may have a much bigger impact beyond national economies, increasingly impacting the world economy, and in turn affecting economies of nations where a particular hazard is not an issue. •As such, decision making at local (city), regional (county or State) and national levels requires planning and implementation of adaptive measures for both climate change and hazards. Decision making also requires economic support from governments and institutions at the national level and continental or even global levels. For example, wild fires in southern Europe will eventually be impacting European economies beyond the region, and will require a European response. Hazards such as fires and hurricanes impacting selected U.S. States, will increasingly be affecting the entire U.S. economy, and by extension the global economy. •For developing nations—development banks, governmental development agencies, international organizations, and philanthropic foundations, all are involved in issues such as droughts and desertification and will increasungly need to include economic and health impacts. Landslides Extreme temperatures Floods and Flash floods Volcanoes Earthquakes Snow Avalanche Epidemics Wildland fires Remote Sensing Ocean Hurricanes Dust storms Thunderstorms Tornadoes Wind Fog Extreme precipitation Land Atmosphere Hazards Tsunamis Chlorophyll bloom (HABs) El Nino and La Nina Snow and ice Oil Spills Models and Analysis Prometheas – Embassy of Greece Climate 8 February, 2008 Climate Change, Economy, Energy, Health and Decision Making Climate Change Economy Relationships? Feedbacks? How will Policy Making be affected? Infrastructure, etc. Health Energy Hazards: The big unknown To understand the economic opportunities in climate change and associated hazards, we have to understand the costs of damage Global Change Signatures & Effects (partial list) Carbon dioxide increase, temperature increase, methane increase, etc. Global temperatures will rise further in the future than previous studies have indicated, according to research from two scientific teams. Deserts are expanding, dust storms are more frequent (?). The area covered by sea ice in the Arctic has shrunk for several years, according to data released by US scientists. With fires raging through southern Europe in the summers, and CA in the fall, e.g. the 2007 fires, the Australia fires of 2009, etc., regions are experiencing their worst drought for decades - and some parts of the continents submerged by floods, it is tempting to ascribe such extreme weather phenomena to the effects of global warming. Tropical storms are intensifying (still controversial). A new report from the Worldwide Fund for Nature (WWF) warns that temperatures in Europe's major cities are rising, etc. etc. Non-linear effects, feedback loops, climate hazards regional climate 11/7/2015 Climate Change and Land Cover Changes MC1 for California and U.S.A ecosystem: CC causes land cover change Distribution of the vegetation classes simulated for the historical (1961–1990) and PCM1-A2 future period (2070–2099). Source from Lenihan et al.(2008) and Bachelet et al.(2004) Potential vegetation distribution simulated for current conditions and for future conditions (2070–99 for MAPSS and 2095 for MC1) 11/7/2015 Fires Size of U.S. Wildfires, 1983 to 2008 National Interagency Fire Center249 Data on wildland fires in the United States show that the number of acres burned per fire has increased since the 1980s. From USGCRP – Global Climate Change Impacts in the United States, 2009 Economics of Forest Fires • Cost of fire suppression increases with fire intensity • Fire intensity increases with warmer/drier conditions • Annual suppression costs ~$1.3 billion (USFS 2006) • Over 7 million acres burned every year for last several years • Full costs of wildfires usually underestimated • only take into account suppression costs, structural damages and acres burned • don’t account for property/human life loss, public health, restoration efforts, lost tourist revenue Global Fire Emissions Global total carbon (C) emissions from deforestation fires (1997-2006) = Net release of carbon to the atmosphere: On average 0.6 billion t C / year 11/7/2015 Source: Van der Werf et al., 2006, ACP Impacts of the Parnitha Forest Fires on Athens Basin Weather and Microclimate Courtesy G. Kallos 1 C change in regional T between now and 2030: Economic impacts? Risk for further fires? 11/7/2015 Geospatial Decision Support Systems (DSS) For natural disasters and climate change impacts Wildfire DSS ► Risk management ► Early detection ► Incident management ► Recovery management This DSS is designed to support decision making for effectively managing wildfire hazards and can be customized for any particular regions. It is based on integrating remote sensing, GIS, GPS, modeling and risk analysis. 11/7/2015 Southern California Wildfire Geospatial Decision Support Systems (DSS) For Natural Disasters and Climate Change Impacts Land cover Wildfire DSS ► Risk management ► Early detection ► Incident management ► Recovery management Fuel Rank Precipitation Temperature Risk management is to assess wildfire risk levels by using biomass fuel rank information and climate condition information, and eventually to analyze the vulnerabilities of communities to wildfire Model Fire Risk Level 11/7/2015 Geospatial Decision Support Systems (DSS) For Natural Disasters and Climate Change Impacts Fire Risk Level Wildfire DSS ► Risk management ► Early detection ► Incident management ► Recovery management Asset Information from Aerial Image Community vulnerability: Exposure x Sensitivity - Coping Capacity Exposure - Total population and assets in high-risk fire zones Sensitivity - Relative impact calculated by dividing the amount of potential asset-loss by the total amount of that asset in the affected area. Coping Capacity - How ready the government and population are to cope with a wildfire incident (e.g. how many firefighting stations and firefighters available in the area and if there is sufficient water supply for firefighting) 11/7/2015 County A Population Exposure Population Density Population in High-Risk Zones: 102,000 Asset Exposure (million dollars) 57.5 Sensitivity 61% (35.2/57.5) Hurricane models project increasing hurricane intensities and rainfall rates with climate warming … Hurricane Intensity Hurricane Rainfall Rates Current climate Current climate ~Late 21st century ~Late 21st century 6-hr accumulated rainfall [cm] within ~100 km of storm center. Sensitivity: ~4% increase in wind speed per oC SST increase Sensitivity: ~12% increase in near-storm rainfall per oC SST increase Sources: Knutson and Tuleya, J. Climate, 2004 (left); Knutson and Tuleya, 2007; accepted for publication, Cambridge Univ Press (right). See also Bengtsson et al. (Tellus 2007) and Oouchi et (J. Meteor. Soc. Japan, 2006). 11/7/2015 Economic Costs of Hurricanes Year Fatalities Injuries Property Damage (million $) Crop Damage (million $) Total Damage (million $) *2000 0 1 8.10 0.10 8.20 **2001 24 7 5,187.80 2.70 5,190.50 ***2002 51 346 1,104.4 278.0 1,382.4 †2003 14 233 1,879.5 40.8 1,920.3 ††2004 34 840 18,901 667.3 19,569.1 †††2005 1016 130 93,064.4 2,075.2 95,139.6 ‡2006 0 1 2.4 43.3 45.7 ‡‡2007 1 13 38.80 0.01 38.80 Annual U.S. Hurricane & Tropical Storm Summary *Source: NOAA, 2000, **Source: NOAA, 2001, ***Source: NOAA, 2002, †Source: NOAA, 2003, ††Source: NOAA, 2004, †††Source: NOAA, 2005, ‡Source: NOAA, 2006, ‡‡Source: NOAA, 2007 From: NOAA Economics, www.economics.noaa.gov. Extreme Weather • Hurricane Katrina 2005 •Estimated total costs – $125 Billion in economic losses (~1.2% US GDP) • ~1300 people died, over 1 million displaced • European Heatwave 2003 • ~35,000 deaths due to heat and poor air quality • $15 billion in damages to farming, livestock and forestry due to drought, heat stress and fire From Stern Review: Economics of Climate Change Impacts of Flooding • With 1-m rise in sea level: • about 640,000km2 land lost in North America • Gulf Coast and Florida most affected • about 140,000km2 land lost in Europe • will affect 20 million people and put $300 billion worth of GDP at risk From Stern Review: Economics of Climate Change Impacts of Flooding • Currently, more than 200 million people live in coastal floodplains around the world, with 2 million Km2 of land and $1 trillion worth of assets less than 1-m elevation above current sea level. •The Association of British Insurers claim that in London, at least $220 billion worth of assets lie in floodplain • Bangladesh faces losing large coastal areas, thus affecting 35 million people From Stern Review: Economics of Climate Change Hurricane Decision Support System (New Orleans Case) 11/7/2015 Historical Hurricane Tracks 11/7/2015 Hurricane Risk Index 11/7/2015 Air Quality “Although air pollution levels in California have improved significantly in the past few decades due to aggressive controls on vehicles and industry, many Californians still breathe the worst air in the nation. California’s climate and geography are conducive to the formation and accumulation of air pollution (especially in Los Angeles and the Central Valley).” (Health Effects of Particulate Matter and Ozone Air Pollution, November 2007, CA EPA Air Resources Board) “Californians currently experience the worst air quality in the nation. More than 90 percent of the population lives in areas that violate state air quality standards for ground-level ozone or small particles. These pollutants cause an estimated 8,800 deaths and over a billion dollars in health care costs every year in California.292 Higher temperatures are projected to increase the frequency, intensity, and duration of conditions conducive to air pollution formation, potentially increasing the number of days conducive to air pollution by 75 to 85 percent in Los Angeles and the San Joaquin Valley, toward the end of this century, under a higher emissions scenario, and by 25 to 35 percent under a lower emissions scenario.293 Air quality could be further compromised by wildfires, which are already increasing as a result of warming.”252,294 From Global Climate Change Impacts in the United States, Thomas R. Karl, Jerry M. Melillo, and Thomas C. Peterson, (eds.). Cambridge University Press, 2009. Industries (TPPs), Population and NO2 distribution A. Prasad et al., Chapman Univ. Aerosol impacts over India June 9, 2003 Dust storms dominate during pre-monsoon and summer periods Indo-Gangetic basin December 28, 2004 Emissions from urban cities, bio-fuel cooking and thermal power plants form thick layers of haze 11/7/2015 H. El-Askary et al.; R. Singh, A. Prasad, M. Kafatos Winter Pollution (Anthropogenic) Courtesy A. Prasad 11/7/2015 Aerosols Global distribution of AOD (AT 0.55µm) GCM – MODIS – MISR – POLDER – AVHRR - AERONET July The numbers on the top right corners represent global area weighted means. Dust Storm Liu et al., 2005 Dust Storms • MODIS (Terra and Aqua) • TOMS • OMI • AIRS • METEOSAT Transport of Mongolian dust to N. America in April 2001. This image was made by compositing several days of TOMS data. (NASA) 11/7/2015 Thermal Power Plants 0.4% 1.7% 0.0% 1990 0.8% 0.0% 1.2% 17.2% 29.4% 48.4% 2.9% 1990 Petroleum 2% 00% % 17% Coal Natural gas Biomass 49% Hydroelectric 29% Geothermal, solar, wind and wave 3% Nuclear 2000 21.4% 33.6% 38.5% 4.4% •Decline in Biomass share by ~10% •Increase in Coal and Petroleum share by ~5% each • Anthropogenic pollution is rising due to increasing dependency on heavily polluting fossil fuel (Coal) A.K. Prasad, R.P. Singh and M. Kafatos, GRL (2006) Agriculture US Agriculture produces over $200 billion a year in food commodities • climate change will increase productivity in some regions, but decrease productivity in others • crops and livestock will increasingly be affected by drought, floods, higher sustained temperatures • some crops will migrate north and may even thrive in the short-term, but will eventually decline in productivity • higher temperatures and longer growing season will bring more disease and pests (From USGCRP – Global Climate Change Impacts in the United States, 2009) •The cost of climate change in India and South East Asia could be as high as a 9-13% loss in GDP by 2100 compared with what could have been achieved in a world without climate change. Up to an additional 145-220 million people could be living on less than $2 a day and there could be an additional 165,000 to 250,000 child deaths per year in South Asia and subSaharan Africa by 2100 (due to income losses alone). (from Stern Review) Droughts Drought in India: With the monsoon season delayed, India is suffering from severe drought. • Some regions have been suffering from severe drought for over a year •About 600 million people live off the land, depend on monsoon rains for agriculture • Agriculture accounts for about 17% GDP of India • India’s GDP for 2008 was $1.237 trillion (GDP official exchange rate) (from http://edition.cnn.com/2009/WORLD/asiapcf/06/26/india.drought/index.html) Health Diseases: Higher temperatures are encouraging the migration of malaria and other vector-borne diseases into new areas where, in some cases, health authorities are ill-equipped to cope, e.g. a new type of dengue fever in Java. According to one study, a 2°C rise in temperature may lead to 40 – 60 million more people exposed to malaria in Africa (9 – 14% increase on present-day), increasing to 70 – 80 million (16 – 19%) at higher temperatures, assuming no change to malaria control efforts. (from Stern Review, Calculations from Warren et al. (2006) based on research from Tanser et al. (2003)) Conclusions In decision making, multi-disciplinary skills and quantitative information on the costs/benefits and planning of responses such as regional adaptation, are currently limited. The need to organize and deploy multi-disciplinary expertise at the regional to national levels, to develop adaptation solutions for the regions which are particularly at risk , will likely become an international imperative. Expertise includes a variety of practicing economists, sociologists, agricultural specialists, public health professionals, climate and hazards scientists, hydrologists, engineers, and of course policy experts with regional knowledge. Existing wealth of scientific knowledge has a great potential for addressing a multitude challenges, including how to plan in an environment of increasing uncertainty, how to develop “policy under deep uncertainty” (e.g. Rob Lempert). We face huge challenges of both mitigation and adaptation as the science itself of coupling global climate to regional impacts involves socio-economic impacts, energy policy, along with understanding Earth system processes themselves. We don't have yet the science to address the total system, Earth/climate/society/economy, this would require a new interdisciplinary science combining different fields. There are great opportunities not to participate in this emerging field. Equally important are the business opportunities that will be generated for investment and technology approaches. Governments and businesses that will generate the right solutions, will provide economic opportunities beyond their own nations. However, the challenges remain great. Back up Slides 11/7/2015 Science Issues • Climate variability and temperature increase are over several decades while hazards occur over short timescales. Not easy to establish cause and effect. • However, as the IPCC indicates, one signature of global warming is extremes of weather, rise of sea level, etc. • There is no doubt there are feedback mechanisms between hazards and global climate, between regional and global properties; regional models coupled to global models, and observations by satellites and global networks need to continue. • Impacts of anthropogenic hazards can have long-term regional effects, e.g. fires of Greece, California, etc. They may even change the local climate. •Science still needs development (e.g. clouds, aerosols, ecosystem, effects, etc.) •International collaborations are essential. • More studies are needed by the scientists, particularly linking computer models to observations from space, as well as awareness of the public. 11/7/2015 The Global Environmental Management Initiative (GEMI) is a non-profit organization of leading companies dedicated to fostering environmental, health and safety excellence worldwide through the sharing of tools and information in order for business to help business achieve environmental excellence. Climos is exploring techniques for naturally removing large amounts of CO2 from the atmosphere. One such technique, Ocean Iron Fertilization (OIF), is based on a natural process that is one of the Earth's primary natural mechanisms to remove carbon dioxide. It has very high mitigation potential compared to other available methods, and also has relatively low cost. (March 5, 2008) -- Climos, a startup company focused on large scale techniques to mitigate climate change, today announced the close of a $3.5M Series A round of financing led by Braemar Energy Ventures. http://www.climos.com In 2003, 3M joined the EPA’s Climate Leaders initiative and pledged to reduce its 2002 absolute greenhouse gas emissions (GHG) by 30% in 2007. 3M exceeded its pledge and reduced GHG emissions by 60% from 2002-2007. On October 8, 2008, the EPA commended 3M and six other companies for meeting or exceeding their voluntary emissions reduction targets at an event in Chicago. With $24 billion in sales, 3M employs 79,000 people worldwide and has operations in more than 60 countries. • 3M reduced worldwide, absolute GHG emissions, in 2007, by 62% from a 1990 base year. • 3M reduced U.S., absolute GHG emissions, in 2007, by 60% from a 2002 base year. • In 2005, 3M exceeded its goal to reduce energy use indexed to net sales by 20% off a 2000 base year, reducing energy use by 29%. • 3M reduced worldwide energy use (indexed to net sales) at its operations by 37 percent from 1998 - 2007. • 3M reduced U.S. energy use (indexed to net sales) at its operations by 78 http://solutions.3m.com/wps/portal/3M/en_US/global/sustainability/management/climate-change-energy/ percent from 1973 - 2007. http://www.anheuser-busch.com/ Anheuser-Busch is the world’s largest user of BERS, an anaerobic method for processing brewing-related wastewater and capturing the resulting biogas (methane). The breweries with BERS burn this renewable energy source for fuel, supplying up to 15 percent of those breweries' on-site energy needs. In 2006, almost 1,888 billion BTUs (2 million gigajoules) were generated through the use of BERS, enough to provide heat to more than 25,000 homes.* Anheuser-Busch breweries avoided more than 258 million pounds of greenhouse gas emissions from fossil fuels by using this renewable fuel. - Made a 10-year, $20 billion commitment in lending, investments, products and services focused on addressing climate change. - Providing critical financing to encourage the development of environmentally sustainable products and technology - Set an aggressive voluntary goal to reduce greenhouse gas emissions across the company 9 percent by 2009 through the reduction of energy consumption. http://environment.bankofamerica.com In May 2007 Pfizer flipped the switch for a new solar power system at its La Jolla, CA facility that will not only help reduce GHG emissions but also contribute to Pfizer痴 goal to meet 35 percent of our electricity needs by 2010 through the use of "cleaner" energy technologies, such as co-generation. September 2008 — for the second consecutive year, Pfizer is named one of the top 34 companies in the carbonintensive sector and has been recognized by the Carbon Disclosure Project (CDP). Our approach to climate change is again included in CDP's Carbon Disclosure Leadership Index (CDLI). http://pfizer.com/responsibility/ehs/climate_change_and_energy.jsp THE DOW CHEMICAL COMPANY AND JOHNSON CONTROLS JOIN PEW CENTER’S BUSINESS ENVIRONMENTAL LEADERSHIP COUNCIL Industry Leaders Show Strong Commitments to Advance Climate Change Solutions WASHINGTON, D.C. – The Pew Center on Global Climate Change announced today that The Dow Chemical Company and Johnson Controls, Inc. have joined the Pew Center’s Business Environmental Leadership Council (BELC) and its efforts to address global climate change. Solar Power Company Ausra Launches First Solar Thermal Plant in California in Nearly 20 Years --- Governor Schwarzenegger on Hand as Next Generation Solar Technology Provides Power and Industrial Steam on CostCompetitive Basis Bakersfield, CA—October 23, 2008—Ausra, Inc. and California Governor Arnold Schwarzenegger today launched the company's Kimberlina Solar Thermal Energy Plant in Bakersfield, CA, showcasing the company's "next generation" concentrating solar thermal technology. Governor Schwarzenegger joined Ausra President, CEO and Chairman Bob Fishman, U.S. Reps. Jim Costa (CA-20) and Kevin McCarthy (CA-22), California Assembly member Jean Fuller and Pacific Gas and Electric (PG&E) CEO Peter Darbee in launching a new era of solar thermal power with the turning of Ausra's large solar thermal • Reduced our facility carbon dioxide emissions by 12.7 percent on an absolute basis when compared to a 1990 baseline. • Opened two more solar power installations,bringing to 10 the number of such installations in our U.S. Family of Companies. • Reduced our hazardous waste by four percent and our non-hazardous waste by six percent in the past two years. • Increased by 18 percent in 18 months,the amount of product shipped by rail instead of truck in the U.S.and Canada. • Decreased our water consumption six percent in the past two years. ASPECTS (From Johnson & Johnson 2007 Sustainability Summary) http://www.jnj.com/connect/caring/environment-protection/?flash=true Tiffany & Co. Tiffany’s corporate goal is to make certain that at least 90% of the paper used in our packaging materials and catalogues is certified to the standards of the Forest Stewardship Council (FSC). The FSC promotes environmentally and socially responsible management of the world’s forests. We also are proud to have partnered in the development of a new grade of FSC-certified paper that contains 30% post-consumer waste content. In 2006 we installed two very large solar power systems in our distribution facilities in New Jersey to replace carbon fuel-generated power. The installations generate approximately 1.4 megawatts annually, which represents 35% of the electricity needs of the facilities. http://www.tiffany.com/Sustainability/ A significant environmental milestone achieved in 2006 was the final elimination of sulfur hexafluoride, or SF6 a gas with an extremely high global warming impact from all of Nike’s running shoes. The elimination of SF6 alone represents a reduction of more than 80 percent of GHGs since 1997. Achieved 18 percent reduction from 1998 to 2005 on emissions for Nike facilities and employee business travel. Nike also aims to: > Continue to identify opportunities to reduce energy consumption through increasing energy efficiency projects > Increase direct renewable energy purchase, and renewable energy credit or “green tag” purchases. Work with major contract footwear manufacturers in China to audit and assess energy reduction opportunities as 35% of Nike’s manufacturing takes place in China Reach the goal to blend a minimum of 5 percent organic cotton into all of our cotton-containing apparel materials by 2010, while steadily expanding our offering of 100 percent certified organic cotton products. http://www.nikebiz.com/responsibility/ Environmental Stewardship in Lending…Wachovia • Does not finance logging in primary tropical moist forests,areas in which high conservation values are endangered or World Heritage sites. • Does not provide financial services to clients that purchase timber from illegal logging operations. • Encourages clients to adopt a credible forest certification program and show third-party verification of sustainable forestry practices. • Applies the Equator Principles to global project financing. Energy Efficiency…Wachovia • Will measure and report annually on the energy consumption and related carbon dioxide emissions from its own operations,beginning in 2007. • Will reduce absolute carbon dioxide emissions by 10 percent (from 2005 levels) by 2010. • Designed and is building a new 1.2 million square foot office tower in accordance with Leadership in Energy and Environmental Design (LEED) certification standards. • Built and opened its first LEED-certified financial center in Austin,Texas. • Will in 2007 develop a LEED-certified financial center design and uniform green building standards for use in our facilities. •Incorporates high-efficiency lighting and HVAC systems to replace older,inefficient systems in targeted financial centers. Recycling and Green Procurement…Wachovia • Recycled more than 20,000 tons of paper in 2006. • Introduced a recycling program for used toner cartridges. • Used recycled-content paper for 86 percent of 2006 print materials,including customer correspondence,marketing materials and the corporation’s Annual Report to shareholders. • Negotiated agreements with major copy center suppliers to use recycled-content paper. • Delivers employee pay statements online,reducing paper consumption and energy consumption. Wachovia is a recent signatory to the Equator Principles, a voluntary initiative developed by the World Bank Group's International Finance Corporation (IFC). By adopting the Equator Principles, financial institutions commit to apply the principles to global project financing to mitigate social and environmental risk factors. http://www.wachovia.com/inside/page/0,,132_10475_10476,00.html Over the next five years, The °Climate Group’s goal is to help government and business set the world economy on the path to a low-carbon, prosperous future. To reach this goal, we’ve created a coalition of governments and the world’s most influential businesses – all committed to tackling climate change. http://www.theclimategroup.org/ Electric Car Networks Heading For the West Coast Calif. Businesses Join Chorus of Support for Climate Laws By GreenBiz Staff, GreenBiz Published November 24, 2008 By ClimateBiz Staff Published November 21, 2008 The electric transportation company Better Place will enter the U.S. market and the San Francisco Bay Area in a partnership with the mayors of San Francisco, San Jose and Oakland. The company will invest about $1 billion on an electric car infrastructure meant to make the Bay Area the "Electric Vehicle Capital of the U.S.” http://www.climatebiz.com/news/2008/11/24/electric-carnetworks-heading-for-west-coast OAKLAND, Calif. -- A group of California businesses and trade associations on Thursday threw their support behind the state's climate change regulations, arguing the efforts to reduce greenhouse gas emissions amount to an enormous economic opportunity. http://www.climatebiz.com/news/2008/11/21/califbusinesses-join-chorus-support-climate-laws California to Create Climate Change Adaption Plan California Unveils Latest Plan to Curb Emissions By ClimateBiz Staff Published November 17, 2008 By ClimateBiz Staff Published October 17, 2008 SUNNYVALE, Calif. -- The California Air Resources Board (CARB) released a climate change plan Wednesday that will touch nearly every sector of the state's economy -- from the cars we buy to the places we live and the energy used power them. OAKLAND, Calif. -- A day after a University of California, Berkeley report predicted that trillions of dollars in state real estate assets are at risk from climate change, Gov. Arnold Schwarzenegger ordered state agencies to draw up an adaption strategy to plan for rising sea levels and other impacts. http://www.climatebiz.com/news/2008/11/17/californiacreate-climate-change-adaption-plan The proposed scoping plan, which must be approved in December, aims to meet an overarching goal embodied in the Global Warming Solutions Act of 2006: reducing greenhouse gas emissions in the country's most populous state to 1990 levels by 2020. http://www.climatebiz.com/news/2008/10/17/californiaunveils-latest-plan-curb-emissions California Governor Signs Law to Curb Sprawl, GHGs By Tilde Herrera Published October 2, 2008 OAKLAND, Calif. -- California Gov. Arnold Schwarzenegger signed a bill late Tuesday that will open a new front in the state's battle to reduce greenhouse gas emissions: land use. Senate Bill 375 will bring together city and county planners, home builders and public transit agencies to drastically change the way communities grow. The law is the first in the U.S. to reduce greenhouse gas (GHG) emissions by curtailing urban sprawl and traffic congestion through high-density development near transit corridors. http://www.climatebiz.com/news/2008/10/02/californialaw-curb-sprawl-ghgs Climate Change Could Cost Calif. Billions Annually: Report By ClimateBiz Staff Published November 14, 2008 OAKLAND, Calif. -- More than half of California's real estate assets are at risk from rising sea levels and wildfires caused by climate change, and the state could end up spending billions of dollars each year coping with its effects, a research report released Thursday found. There is, however, a chance the price tag could shrink if the state takes steps now toward mitigation and adaptation in its policy and infrastructure decisions, according to "California Climate Risk and Response" from the University of California, Berkeley and nonprofit Next 10. http://www.climatebiz.com/news/2008/11/14/climate-changecould-cost-calif-billions-annually-report Greening Distribution with Industrial Infills By Leslie Guevarra Published September 2, 2008 Steven E. Campbell is a senior vice president and director of environmental and development services for the AMB Property Corporation, based in San Francisco. Earlier this summer, AMB completed a project that helped a California city move a step closer to its goal of greening its community. The project involved an industrial infill. Urban areas that have a desire to grow, but no space to do it, are increasingly turning to former traditional industrial properties to create a place for smarter, more environmentally conscious enterprises that are near population centers and transportation hubs. Steve Campbell tells us how this strategy is being applied to distribution centers. http://www.greenbiz.com/podcast/2008/09/02/greeningdistribution-with-industrial-infills Climate Change: Past and Present Observations • World Temperature A Cost Curve for Greenhouse Gas Reductions From: A Cost Curve for greenhouse gas reduction: A global study of the size and cost of measures to reduce greenhouse gas emission yields important insights for business and policy makers, Per-Anders Enkvist, Thomas Naucler, and Jerker Rosander, McKinsey Quarterly 11/7/2015 Dust Storms in Greece Athens, 24 February 2006 2006/055 - 02/24 Satellite & Sensor: Aqua- MODIS (http://earthobservatory.nasa.gov) 11/7/2015 Aerosols affect Vegetation EOFs of NDVI and EOF1 of Aerosol optical depth. (a) EOF1 of NDVI , (b) EOF4 of NDVI and (c) EOF1 of aerosol index (AI). Sarkar and Kafatos (2004) 11/7/2015 Seasonal Variability of Global Vegetation Fires (2005) 11/7/2015 Fire smoke reached 5 km in the greater southern Greece (CALIPSO) and transported to N. Africa (METEOSAT optical depth, lower left panel) Courtesy V. Amiridis 11/7/2015 Science, Energy and Economics: Interdisciplinary Opportunities Global politics, development of new economic powers and associated industrial productivity, sustaining and expanding a modern way of life, and other factors, enter the picture and complicate any possible solutions: The Kyoto Protocol needs to be renewed but it is still not clear how, who will sign it and what it will mean; Copenhagen meeting in December will prove crucial; the emergence of India and particularly China as world economic powers, with their associated increasing need of energy production and thirst to find new energy sources; the lack of massive usage of alternative sources of energy production, which to compete with fossil fuels will require years of development and economic viability; and the dream of billions of people in the world to enjoy the same modern way of life that we in developed nations take for granted, all play an effect here. Promising signs of governments coming together 11/7/2015 Droughts, Health, etc. They may live on separate continents, in different countries with differing cultures, but the same message is being echoed by the world's poor, according to a new report by aid agency Oxfam. The report, "Suffering the Science," tells the stories of people who are discovering to their detriment that long-held truths about seasons and rainfall no longer apply. "I travel a lot and people are always saying to me, 'the seasons have changed,'Oxfam chief executive Barbara Stocking told CNN. "I think there's a real sense of uncertainty. People have lost confidence. They have a very close relationship with the Earth, nature and climate and suddenly they're finding that it doesn't work anymore.“ People such as Florence Madamu from western Uganda. "The sun is prolonged until the end of September," she told Oxfam. "And whenever it rains it rains so heavily it destroys all our crops in the fields. You can plant a whole acre or two and come out with nothing.“ July is a particularly harsh month in large swathes of Africa. It's the peak hunger season and this year people are expected to be more vulnerable than usual following record high food prices in 2008. Laborers are planting precious seeds in fields of dirt with no guarantee they'll produce a harvest, while the conditions they're working under are becoming more extreme. "For me the big worry is that many of them don't know why it's happening so they can't actually help themselves prepare for the changes," Stocking told CNN. And for unfamiliar diseases. Higher temperatures are encouraging the migration of malaria and other vector-borne diseases into new areas where, in some cases, health authorities are ill-equipped to cope. Twelve-year-old Laila was the second of her children to contract dengue fever at their home on the island of Java. "They said that this is a new type of dengue fever," Iha told Oxfam. "She has already had 30 bags of infusion water. After nine days her condition is still not stable." Talks in Copenhagen in December are being billed as an unmissable opportunity for developed and developing nations to agree a global plan to combat climate change. Stocking commended a proposal by British Prime Minister Gordon Brown to establish a $100 billion annual fund to help developing nations contend with climate change, but said closer to $150 billion was needed. Oxfam points out that's about the same amount the U.S. government spent on bailing out insurance company AIG. While scientists warn that a cut of 40 percent in carbon emissions by 2020 is vital to avoid severe repercussions, developed nations have yet to commit to anything close.