Climate business – Page 40

Exxon boss: intellectually obtuse position on climate impacts

I sometimes wonder what the CEOs of fossil fuel companies think about the effect of their products on the atmosphere and whether they harbour any anxieties about climate change. One of them, Rex Tillerson of ExxonMobil, has told us how he views the matter in his reply to a question following a speech he gave to the Council of Foreign Relations last week, a speech in which he had explained how unexpectedly vast the sources of extractable natural gas and oil in North American rocks are proving to be.

To get a full sense of his reply to the question you’ll need to look at it on the website – it’s about two thirds the way down the page. It’s copyrighted but I’ll try to give a fair paraphrase of his main points albeit accompanied by my criticisms. Tillerson is answering a question, not delivering a prepared statement, but his answer no doubt broadly reveals his basic stance on the question.

The questioner briefly outlined some of the devastating consequences for humanity of the burning of all the reserves Tillerson had talked about in his speech and asked what he was going to do about it. “We need your help to do something about this.”

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Introducing the Kyoto Escalator: did anyone sign the protocol in good faith?

Simon Johnson introduces the Kyoto Escalator chart (inspired by the Skeptical Science Escalator chart) and argues that New Zealand was just as complicit as the major European countries in negotiating the Kyoto Protocol so that it could be complied with while gross and net emissions continued to increase.

New Zealand's Gross net and Kyoto greenhouse gas emissions 1990 to 2012 — The Kyoto Escalator: New Zealand’s Gross greenhouse gas emissions (blue) increase by 19%; Net emissions (brown) increase by 23% and ‘Kyoto’ emissions (red) are less than average 1990 gross emissions.

Professor Dave Frame is the new director of the Climate Change Research Institute at Victoria University of Wellington. He is a University of Canterbury-trained scientist who has worked for some years in Britain. He has just joined the climate change fray with a very interesting opinion editorial “International focus needed over climate” in the Dominion Post. Welcome to climate change issues back in New Zealand, David.

Frame notes that New Zealand does not want to be thought of as the country that reneges on international treaties.

“Reputationally, accepting commitments and then failing to deliver on them is not a look New Zealand likes. “Doesn’t honour the treaties it’s signed” is not one of the few sentences we want people to remember about us.”

So, yes, I agree, New Zealand should honour the treaties it signs. I hate to nitpick, but isn’t New Zealand a country that is remembered for a treaty that we didn’t honour? Is our record on international climate change treaties any better?

Frame goes on to describe some of the different motivations underlying the negotiations that lead to the Kyoto Protocol.

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No dallying with denial

Will Hutton’s Observer column this week was forthright on the folly and danger of climate change scepticism. “Climate change is already hurting and, unchecked, will turn into a catastrophe.” Against that statement he points to the intellectual bankruptcy of allowing ideological preference for reducing the role of government in society to somehow justify climate change scepticism. It’s not even as if capitalism is under threat of disappearance. “Capitalism is not going away: the task is to reform it deploying a more agile, intelligent state.” But taxation and regulation will be part of that reform and the climate sceptics on the right need to come to their senses on that necessity.

Hutton’s was the sort of direct statement we should expect from informed journalists. He notes in passing that the media is often less interested in the evidence that it should be. “It likes a spat: the idiosyncratic brave climate change dissenter is pitched as the David against the Goliath of established opinion.”

The day after I’d read Hutton’s column the NZ Herald’s monthly magazine Element accompanied Monday’s edition of the paper and cheered up my morning. There was no dallying with denial here. Editor James Russell gave voice to the slight embarrassment many of us who worry about climate change probably feel in some company.

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Rio wrap: a real limp deal (where’s the way out?)

So it ended, as have most of the recent UN conferences on climate change, with a statement of platitudes and good intentions but nothing in the way of firm commitments to action. George Monbiot called the conference text 283 paragraphs of fluff, The Economist called the outcome “a limp agreement” and “a poor result for a summit billed by some as a “once in a generation” chance to save the planet from its intolerable burden.” Despite warnings of ecological tipping points looming, and the world’s top scientific organisations urging action on population and consumption, the leaders of the world (or at least, the ones who could be bothered to turn up) managed only to boot the ball downfield about as effectively as an English footballer in a penalty shoot out. It was all just too difficult. So they left it for another day — perhaps another generation — to sort out.

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Still time for the energy revolution

The International Energy Agency (IEA) continues to plug the energy transformation necessary if we are to have any hope of staying within a 2^oC rise in global temperature. This month has seen the publication of Energy Technology Perspectives 2012 (ETP 2012) in which they explain the technologies and behaviours that according to the press release “will revolutionise the entire energy system and unlock tremendous economic benefits between now and 2050”. My references to the book’s content in what follows are derived from the executive summary. (The book is priced.)

ETP 2012 argues that the technologies we already possess are adequate to the task of cutting emissions drastically if used in an integrated way. The resultant overhaul of the world’s energy system by 2050 will not come cheap. Considerable extra investment money will be needed, $36 trillion by their calculation. But that is genuine investment, not cost, and moreover investment with an excellent return of $100 trillion in savings through the reduced use of fossil fuel. Investing in clean energy makes excellent economic sense at the same time as assisting in the mitigation of climate change.

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