Category: Climate business

Swell maps, and other stories

GoogleBAS.jpg Time for another round up of climate-related news. Hot on the web today (for cartophiles, at least) is that Google Earth has gained a swag of new climate change related information, the result of collaboration between Google, the UK Government, the Met Office Hadley Centre and the British Antarctic Survey. The Climate Change in Our World project, launched at the Google Zeitgeist conference by UK PM Gordon Brown offers two new layers based on Hadley Centre predictions, BAS research in Antarctica, and impacts worldwide. You can animate global temperature changes, visit crumbling ice shelves, and view climate change impacts around the world. Google Earth blog here, download .kmz files here. Hours of geographical fun are guaranteed.

  • A major new study finds strong links between recent climate change and large scale changes in the planet’s natural systems. It’s our fault, in other words [Nature (behind a paywall), BBC, Science Daily News, Guardian]. Lead author Cynthia Rosenzweig from the Goddard Institute for Space Studies in New York told the BBC “…look at all the effects this relatively low amount of warming has had. It reveals the sensitivity to relatively low amounts of warming in many physical and biological systems.” A key point for anyone who thinks that “only a few degrees” won’t make much difference.
  • The growing number of humans on the planet is having a dramatic impact on wildlife populations, according to the Living Planet Index compiled by WWF and the Zoological Society of London. Populations of land-based species have fallen by 25%, marine by 28% and freshwater by 29% since 1970. We’re losing about 1% of all other species every year, and one of the “great extinction episodes” in the Earth’s history is under way, the index finds. [BBC, Independent, Guardian, Telegraph].
  • More bad wildlife news: the 2008 Bird Red List “warns that long-term droughts and extreme weather puts additional stress on key habitats,” according to the BBC. “The assessment lists 1,226 species as threatened with extinction – one-in-eight of all bird species.“
  • RNZ National’s science programme Our Changing World is always worth a listen, but last week’s (15/5/08) was a cracker. Ice core expert Richard Alley on Antarctica’s future, an update on the University of Waikato’s UltraCommuter EV, and one of the most cogent overviews of biofuel options I’ve ever heard from Doug Cameron, Chief Scientific Officer of Khosla Ventures, the Californian clean tech company. If those streaming links expire, podcast versions are available here, and the programme’s archive is here.
  • Wired reports on Renault’s plans to make EVs for Israel, and then the world, and EcoGeek discovers that Audi intends to have EVs in production in ten years. They might have to hurry… (my son announced yesterday that “one day’ he intends to own a Porsche. I’m willing to bet that by the time he can afford one (if ever) it’ll be a hybrid or EV).
  • #35 with a bullet! Tim Selwyn’s latest NZ blogosphere survey (at Tumeke!) finds that Hot Topic has moved up from #68 in February to #35 in March/April. I’d like to thank The Listener for making it all possible… 😉

So it goes

NZETS.jpg The cacophony of lobbying around the proposed Emissions Trading Scheme (ETS), coupled with high petrol prices, has prompted the government to announce a couple of changes to the scheme. Liquid fuels were supposed to enter the ETS in 2009, but this has now been delayed to 2011, and the phase out of the free allocation of emissions units to big emitters will now be postponed five years until 2018 [Herald, Radio NZ, Dominion Post].

Announcing the changes to the proposed legislation, Helen Clark also released the latest figures for the Kyoto liability:

… the provisional net position is projected to be a deficit of 21.7 million units during the first commitment period of the Kyoto Protocol (2008-2012). This compares with the projected deficit reported in May 2007 of 45.5 million units, and is a drop of 52 per cent. This means the liability halves from $1 billion to $481.6 million.

When the ETS was announced last year, it was projected that the net liability would be about 22 million units after taking the expected effects of the scheme on emissions into account. The government is clearly confident that high petrol prices will achieve the same effect as the ETS over the two year extension period. That’s a defensible position at the moment, but if fuel prices fall the Kyoto liability could increase. It signals, perhaps, that the government is reasonably confident that petrol prices won’t fall. Or perhaps simply that in an election year contentious new policy is up for grabs. The word pusillanimous springs unbidden to my mind…

The fuel move is getting the most attention, but the five year extension on allocations of free units to big emitters is a direct response to intensive lobbying from those sectors. It will significantly reduce the business costs of cutting emissions in the longer run, but also amounts to an extension of a tax payer subsidy to those businesses. It will be interesting to see how they respond. Looking into my crystal ball, I confidently predict someone will say “it’s a welcome move, but not big enough”.

White light/white heat

NZETS.jpg The proposed Emissions Trading Scheme (ETS) is under intense scrutiny at the moment. Lobbyists, economists and politicians are all pounding their respective beats, and as is usual in these matters, a great deal more heat than light is being shed on the proposed legislation. At the beginning of the week, the government’s climate change leadership forum – the great and the good of the business world – announced that it supported the broad outline of the ETS with some caveats (announcement, Herald), only for Business NZ to promptly withdraw its support. Then the Sustainability Council of NZ published a report [PDF] criticising the way that the ETS transfers revenue from consumers to key industries – especially agriculture – and warned that it wouldn’t do enough to reduce emissions. Not to be outdone, the NZ Institute for Economic Research produced its own report [PDF], warning that the scheme would do little good and cost the economy billions, and advising that we shold do nothing except buy Kyoto compliance on the world market. ACT leader Rodney Hide then announced that “the Government’s ETS is a crock and should be dumped.” There are now rumours that the government is running scared, and might delay implementing the petrol and fuels part of the scheme to avoid frightening consumers in the run up to the election. So, who’s right? Is Rodney’s incisive analysis on the money?

Continue reading “White light/white heat”

The law won

hot-topic-cover.jpg The LexisNexis legal symposium on climate change was an interesting couple of days. Some excellent presentations – including a particularly fine exposition of the science of climate from NIWA’s Katja Riedel, and a very good summary of the post-Kyoto options from Jonathon Boston. Peter Weir from the Forest Owners Association presented a characteristically direct assessment of the role of forestry in the ETS – and demonstrated just how challenging the business of forestry has just become. My own short talk covered New Zealand’s vulnerabilities to climate change, looking at potential winners in losers in a world where there’s a risk that rapid climate change is happening now. [PDF here – 4.5MB] One take home message: do not expect the price of carbon to go down. I’m not sure that investing in carbon is exactly a safe haven for retirement funds, but if I were a Treasury official considering whether to hedge against NZ’s 2008-12 Kyoto CP1 liability, I’d be buying now.

There will never be any peace (until God is seated at the conference table)

hot-topic-cover.jpg Some notes from Saturday’s conference. God may not have been at the conference table, but there was Swamiji, who is certainly revered amongst his followers. My presentation [PDF here: warning – 7MB] followed two Nobel prizewinners – David Wratt (NZ’s representative on the IPCC, who covered the basic AR4 findings) and Pene Lefale (lead author of the WG2 chapter on impacts in the Pacific). Pene’s talk was fascinating, based on a paper he’s preparing on what he’s called the “perfect political problem” – reconciling the differences between developed and developing countries views on how to approach climate change. All the other speakers were good, but it was Andrew West, CEO of AgResearch who made – for me – the most telling comments. Drawing on his background as an ecologist, he looked at the big issue – coping with 9 billion people. Not all of them will be able to eat a meat-rich diet… Andrew shares my enthusiasm for topoclimate studies as a means of adapting to climate change. Are you reading this MfE? Time for a full topoclimate survey of NZ…

Notes on my talk below the fold…

Continue reading “There will never be any peace (until God is seated at the conference table)”