Rich people around the world should pay more than they do to curtail the climate crisis. This is the view of Laurence Tubiana, the chief executive of the European Climate Foundation, speaking to The Guardian. The paper reported her comments: “Rich individuals in all countries must pay more to tackle the climate crisis, whether through taxes or charges on consumption, one of the architects of the Paris agreement has said.” Climatecrisis247 believes that while this point of view is accurate regarding the carbon footprint of the very rich compared to other individuals, passing a series of laws around the world to tax them is virtually impossible. Not only is it a problem of jurisdiction. The rich have many means to hide their total wealth, so enforcing such laws would be impossible.
Climate Analysis Problem –War Emissions
US Energy Challenge –$5 Gas
The New York Times reports that scientists believe recent massive rainstorms and floods in Brazil were caused by climate change. The observation is part of the research recently published. “To conduct their analysis, the researchers looked at historical records of four-day and 10-day rainfall events in Rio Grande do Sul. They used models of the global climate to estimate how the probability of rain levels as high as the ones experienced this year had changed over the past two centuries as human-induced warming took place.” Climatecrisis247 believes this analysis is part of a fast-growing body of evidence that extreme weather events around the world are triggered by climate change. This includes, recently, a 100 MPH windstorm in Houston, 120 degrees F weather in India, and flash floods in Dubai.
Panama Floods
A new study of Panama’s coast shows that 2% of it could be underwater by 2050. This means several small islands near the coast could be completely flooded. Climatecrisis247 believes this is part of a two-sided coin in Panama. Drought in another part of the country has partially closed the Panama Canal, one of the world’s largest. It is the primary way for ships to move from the southern Atlantic to the Pacific. These droughts have cost shipping companies millions of dollars.
Challenges To A Green World
The world’s nations could hit a renewable energy goal established at the COP28 meeting. A new report lays out the path to reaching these goals. Published by the IEA, this analysis says, “COP28 Tripling Renewable Capacity Pledge: Tracking countries’ ambitions and identifying policies to bridge the gap, published today, finds that while renewable power is at the heart of achieving international energy and climate goals, very few countries have explicitly laid out 2030 targets for installed capacity in their existing “ The hurdles, the authors wrote are the wait times for government permits to build green energy installations, aged grid structure, and high financing costs. Climatecrisis247 believes the reasons behind the lack of progress will not disappear. Regulations about energy efficiency vary widely from country to country. The failure of many alternative energy projects has made capital for more projects expensive.
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