The president of the World Bank on Saturday warned the finance chiefs of the world’s leading economic powers that global warming is a real risk to the planet and already affecting the world economy in unprecedented ways.
Addressing the G20 finance ministers at their meeting in Moscow, Jim Yong Kim called on the world powers to ‘tackle the serious challenges presented by climate change.’
‘These are not just risks. They represent real consequences,’ said Kim, calling the lack of attention to the issue by finance ministers and central bank chiefs ‘a mistake’.
He said failing to tackle the challenges of climate change risked having ‘serious consequences for the economic outlook’.
‘Damages and losses from natural disasters have more than tripled over the past 30 years,’ said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects ‘spread across borders disrupting international supply chains.’
‘Years of development efforts are often wiped out in days or even minutes,’ Kim said, asking the G20 to ‘face climate change, which is a very real and present danger.’
The G20 finance ministers’ agenda in Moscow is dominated by concerns about competitive currency devaluations and a new drive by EU powers to force big business […]
Behind the counter at Seattle’s Taylor Shellfish Market, a brawny guy with a goatee pries open kumamoto, virginica, and shigoku oysters as easily as other men pop beer cans. David Leck is a national oyster shucking champion who opened and plated a dozen of them in just over a minute (time is added for broken shells or mangled meat) at the 2012 Boston International Oyster Shucking Competition. You have to be quick, these days, to keep up with demand. The oysters here were grown nearby in Taylor’s hundred-year-old beds, but the current hunger for pedigreed mollusks on the half shell stretches to raw bars and markets across the country.
A similar oyster craze swept the United States in the 1800s, when the bivalves were eaten with alacrity in New York, San Francisco, and anywhere else that could get them fresh. Development of a fancy new technology, canning, meant there was money in preserved oysters, too. Gold miners in Northern California celebrated their riches with an oyster omelet called hangtown fry. New Yorkers ate them on the street; late at night they ate them in ‘oyster cellars.
It is still considered highly uncool to ascribe a person’s political beliefs, even in part, to that person’s biology: hormones, physiological responses, even brain structures and genes. And no wonder: Doing so raises all kinds of thorny, non-PC issues involving free will, determinism, toleration, and much else.
There’s just one problem: Published scientific research keeps going there, with ever increasing audacity (not to mention growing stacks of data).
The past two weeks have seen not one but two studies published in scientific journals on the biological underpinnings of political ideology. And these studies go straight at the role of genes and the brain in shaping our views, and even our votes.
First, in the American Journal of Political Science [1], a team of researchers including Peter Hatemi of Penn State University and Rose McDermott of Brown University studied the relationship between our deep-seated tendencies to experience fear-tendencies that vary from person to person, partly for reasons that seem rooted in our genes-and our political beliefs. What they found is that people who have more fearful disposition also tend to be more politically conservative, and less tolerant of immigrants and people of races different from their own. As McDermott carefully emphasizes, that does not […]
The stunning set of data, cost profiles and market analysis produced in the first few weeks of calendar 2013 have confirmed what many had long suspected – that the global energy markets are changing faster than anyone had thought possible.
The implications for the incumbent energy industry – be they generators, network operators or retailers – couldn’t be more significant. The business models that supported the ageing infrastructure are broken, and if they can’t adapt to the new environment, they may soon be out of business. The idea of a rapid change to a largely renewable energy grid no longer seems aspirational, it could be inevitable.
Consider what we have learned this month:
– The price of wind energy (and in some isolated cases solar PV), is already cheaper than coal and gas in Australia. This gap is likely to widen considerably in the coming decade.
– By the time new baseload capacity is required in 10 years time, other technologies, including solar thermal with storage, and concentrated solar PV, will also be cheaper than coal and gas. Marine energy and geothermal could be close to parity.
– But not only do we have ‘grid parity