by Emily Atkin Heated World The richest man in the world has a new message about climate change: It’s real, but don’t knock the industry most responsible. “I don’t think we should vilify the oil and gas industry,” Elon Musk said while speaking about climate change during his two-hour conversation with former president Donald Trump last week. It was a sentiment Musk repeated four times throughout the 10-minute climate discussion....
Read More »That’s one small step for carbon capture
The existential crisis of our time is global warming. The planet is already in deep trouble, with polar ice melting, permafrost thawing, sea level rising, increased desertification and more violent storms. The hour is late.“The quest for net zero needs to be fought on many fronts. You have your vanguard offense: simply reducing the carbon footprint of the things we already do. Then there’s the field medics: tactics like planting more trees and...
Read More »The totally predictable economics of climate change
Back when we were grad students at UNC-Chapel Hill from 1977-82, my wife and I made several trips to the Outer Banks. One reason was to visit her uncle and his family, who lived in Buxton, just north of Hatteras lighthouse. What struck me then was how many people lived in homes on the coast in spite of the flooding risk. Not only the storm surge from the Atlantic that washed over the barrier islands from the east, but after the storm passed, the...
Read More »Collection of Articles Accumulated Over the Last Few Days
GOP’s attack on Americans’ retirement savings just went to the next disgusting level, Opinion, Alternet. “To protect older Americans’ life savings, President Biden pledged in October to crack down on financial advisers who recommend investments just because they pay higher commissions. Then the insurance industry got to work.” Explained: The Controversy Over Tim Walz’s Military Service, Snopes. The claim that Walz “abandoned” his...
Read More »But for Beryl, housing construction would have warranted hoisting a yellow caution flag for recession
– by New Deal democrat The effects of Hurricane Beryl had just enough of an effect on home building in July to cause me not to hoist a yellow recession caution flag in this important leading sector. While the hurricane had no significant effect on permits, it likely did have an effect on starts and on units under construction, as I’ll go into further below. Let’s start with the overall view. Starts (blue in the graph below), which are noisier...
Read More »Have I been wrong about 3D printed houses?
by Lloyd Alter Carbon Upfront! The economist John Maynard Keynes purportedly said, “When the facts change, I change my mind. What do you do, sir?” I am considering changing my mind about 3D printed houses. I wrote eight years ago: “I am not a total skeptic about 3D-printed houses. I think there is a place for them—on the moon, for example.” The first commenter noted: “What a stupidly conservative view… the article is absolute garbage.”...
Read More »US Workers Rally After a String of Heat-Related Deaths
Workers across the US rally after string of heat-related deaths. Grist This story was originally published by Grist. Ayurella Horn-MullerFor the last two years, Cecilia Ortiz has worked as a passenger service agent at Phoenix Sky Harbor International Airport. She typically has to walk 10 to 15 miles a day, up and down ramps, pushing heavy wheelchairs and carrying passengers’ luggage. This summer, temperatures have reached over 110 degrees Fahrenheit...
Read More »Jobless claims still a positive, even with some lingering Hurricane Beryl after-effects in Texas
– by New Deal democrat Last week I pointed out that the YoY increases in initial and continuing jobless claims appeared to be all about Texas in the wake of Beryl. This week there was good news even with some continued hurricane Beryl effects in Texas. Initial claims declined -7,000 to 227,000 for the week, while the 4-week average declined -4,500 to 236,500. Continuing claims with the typical one-week delay declined -7,000 to 1.864 million:...
Read More »California and the war on rooftop solar
About ten years ago, we had 22 solar panels installed on the roof of our St. Louis house. Half the cost was paid by Ameren, the electric utility, and we got a 30% tax rebate on the balance. But even with reversible metering, we hadn’t made back our cost when we sold the house two years ago. At that time, ours was among only about a half-dozen homes in our neighborhood with rooftop solar. Here in Rumford RI, there are at least twice as many.California...
Read More »Climate adaptation options
by The one-handed economist Humans are not doing enough mitigation to slow — let alone reverse — climate change chaos. Average global temperature is now +1.2C, far above which is on track to exceed the 2015 Paris Agreement’s target of “holding the increase in the global average temperature… increase to 1.5 °C above pre-industrial levels” by 2034.* In this 2011 post (“We’re screwed, now what?”), I wrote: Mitigation-focused investments...
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