"Accountants Will Save The Planet" (My Manifesto)
- Some Good News -
U.S CO2 emissions are the lowest in 20 years
UK CO2 output for new cars down By 24%
And "Natural" Gas is replacing Coal in Coal fired Power stations
Because U.S. "Natural" Gas is CHEAPER and slightly cleaner than Coal for electricity generation
Naturally, BigOil Has invested BILLIONS IN GAS!!
Secret tactics =
Control ALL electricity generation by replacing Coal with cheap Gas
While "Natural" Gas Allows BigOil And Other Oil Dealers To Replace Our Addiction To OIL
It Is MORE ADDICTIVE Than OIL To Electricity Generators
Because It Is CHEAPER than COAL
- The Bad News -
Global climate change 2012 and climate change effects are becoming more and more obvious -
U .S. Midwestern Drought Intensifies 2012
Arctic Sea Ice Extent 1938 vs 1943 shows that a rapid melt begins in July, 2012 where the September 2012 ice extents fall far below the historical average.
The National Snow and Ice Data Center (www.nsidc.org) will confirm the final minimum ice extent data and area once the melt stabilizes, usually in mid-September.
Prof Peter Wadhams of Cambridge University calls for "urgent" consideration of new ideas to reduce global temperatures because he predicts final collapse of sea ice within four years
Oil Companies fear The Financial Impacts of Climate Change
Because it is getting too expensive for Power Plants to be built and to buy fuel and make a profit, including India and China...
New power plant investment is running into the problem of becoming locked into power plant investments that are -
Expensive to build and run
Cost billions up front
Ongoing costs are constantly climbing every year, versus Renewable power plants -
Which are install once, pay once, then -
Sit back and make profits from then on
Which one will make more financial sense to accountants?
MORE - From Accountants, not Global Warmists >
It will now be almost impossible to keep the increase in global average temperatures up to 2100 within the 2C target that scientists believe might avert dangerous and unpredictable climate change, according to a study by the accountancy giant Price Waterhouse Coopers (PwC).
An analysis of how fast the major world economies are reducing their emissions of carbon dioxide from fossil fuels suggests that it may already be too late to stay within the 2C target of the UN's Intergovernmental Panel on Climate Change, it found.
To keep within the 2C target, the global economy would have to reach a "decarbonisation" rate of at least 5.1 per cent a year for the next 39 years. This has not happened since records began at the end of the Second World War, according to Leo Johnson, a PwC partner in sustainability and climate change.
"Even doubling our current rate of decarbonisation would still lead to emissions consistent with 6C of warming by the end of the century. To give ourselves a more than 50 per cent chance of avoiding 2C will require a sixfold improvement in our rate of decarbonisation," he said.
Leo Johnson, partner, Price Waterhouse Coopers (PwC) said:
“While we’ve reversed the increase in emissions intensity reported last year, we’re still seeing results that are simply too little too late. We’ve now got to achieve, for the next 39 years running, a target we’ve never achieved before.”
“This isn’t about shock tactics, it’s simple maths. We’re heading into uncharted territory for the scale of transformation and technical innovations required. Whatever the scenario, or the response, business as usual is not an option.”
Jonathan Grant, director, sustainability and climate change, PwC said:
“The challenge now is to implement gigatonne scale reductions across the economy, in power generation, energy efficiency, transport and industry, as well as REDD+ in forested nations.”
Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt C02e per annum).
However the report warns that while it may “buy some time”, it reduces the incentive for investment in lower carbon technologies such as nuclear and renewables, and could lock in emerging economies with high energy demand to a dependence on fossil fuels.