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New UN Report Is Cautious On Making Climate Predictions by Fred Pearce: Yale Environment 360

New UN Report Is Cautious On Making Climate Predictions by Fred Pearce: Yale Environment 360.

24 MAR 2014: ANALYSIS

The draft of the latest report from the Intergovernmental Panel on Climate Change warns that the world faces serious risks from warming and that the poor are especially vulnerable. But it avoids the kinds of specific forecasts that have sparked controversy in the past.

by fred pearce

Batten down the hatches; fill the grain stores; raise the flood defenses. We cannot know exactly what is coming, but it will probably be nasty, the latest report from the UN’s Intergovernmental Panel on Climate Change (IPCC) will warn next week. Global warming will cause wars, displace millions of people, and do trillion-dollar damage to the global economy.

But careful readers will note a new tone to its discussion of these issues that is markedly different from past efforts. It is more humble about what scientists can predict in advance, and far more interested in how societies can make themselves resilient. It also places climate risks much more

IPCC cautious predictions

Rob Elliott/AFP/Getty Images
The draft IPCC report cites sea level rise and storm surges among eight “key risks.”

firmly than before among a host of other problems faced by society, especially by the poor. That tone will annoy some for taking the edge off past warnings, but gratify others for providing a healthy dose of realism.

The study, the result of a five-year review of published papers, is from the IPCC’s scientists working on the impacts of climate change. It complements an IPCC study late last year on the planetary science and will be followed next month by another that will focus on what we should do about it.

A leak of the final draft prepared by scientists at the end of October 2013 is circulating. It is not the final version, which will be a summary for policymakers that will be released on March 31, though there is unlikely to be much change. And, since government delegates at international talks in Japan this week will scrutinize the final draft before signing off

Hopes that better science and greater computer power would allow more precise forecasts have often proved wrong.

for publication, what we have is effectively “the scientists’ cut.”

Past impacts reports from the IPCC were based around attempts to produce detailed forecasts of local climate in future decades and somewhat mechanistic assessments of what this would mean for society. But the new report is much more wary, especially of putting numbers on likely changes. Many previously firm-sounding forecasts have disappeared since the last major IPCC climate-impacts report in 2007, such as spreading droughts and crop losses in Africa and more violent hurricanes in the Atlantic.

The reason for avoiding precise forecasts is twofold. First, overly precise predictions got the authors of the 2007 report into trouble. The most famous faux pas was the claim that Himalayan glaciers would be gone by 2035, when 2350 is a more likely date. But there were other unsubstantiated forecasts, such as that “projected reductions in [crop] yield in some countries [in Africa] could be as much as 50% by 2020” — a misinterpretation of a paper, which was not peer-reviewed, that looked at rain-fed agriculture in just three North African countries.

The hundreds of authors of the draft report have been silent for some time, following IPCC rules by refusing to discuss their draft with journalists. But their chairman, Chris Field of the Carnegie Institution in Stanford, California, told me soon after taking on the job in 2009 that he recognized serious mistakes had been made last time and that he was “committed to sufficient checking and cross-checking to ensure a truly error-free product next time.”

Another reason for the more measured tone is that hopes that better science and greater computer power would allow more precise forecasts than seven years ago have often proved wrong. For parts of the world, model forecasts of regional climate change are diverging rather than converging. The more we know, it seems, the less we know for sure.

Caution is the watchword. Take the treatment of Africa. Last time, the chapter on that continent began with a declaration that up to a quarter of a billion Africans “are projected to be exposed to increased water stress due

The draft report lays out eight ‘key risks,’ including sea level rise and storm surges that could affect hundreds of millions.

to climate change.” This time, the leaked draft states simply that while “a reduction in precipitation is likely over North Africa … projected rainfall change over sub-Saharan Africa is uncertain.”

The draft agrees that “climate change will amplify existing stress on water availability in Africa” and will “very likely” reduce cereal crop productivity. But this time the discussion is not about how big or small those reductions might be, but on how African farmers might cope with less water, through terracing and agroforestry for instance.

Asia has fallen into a similar forecasting limbo. Last time, the IPCC warned that there would be less water in most Asian river basins and up to a billion people could experience “increased water stress” as early as the 2020s. This time, “there is low confidence in future precipitation projections at a subregional level and thus in future freshwater availability in most parts of Asia.” Last time the IPCC predicted “an increase of 10 to 20% in tropical cyclone intensities” in Asia. This time it reports “low confidence in region-specific projections of [cyclone] frequency and intensity.”

Some certainties do remain. The leaked draft suggests growing agreement among climate modelers that Scandinavia and much of Canada will see more precipitation and that the southwestern U.S., southern Australia, the Middle East, southern Europe, and North Africa can expect more droughts and emptier rivers.

Southern Europe looks set to fry, with crops shriveling in the fields, reservoirs emptying, deserts spreading, tourists staying away, and demand for air conditioning going through the roof. Even its vineyards will suffer, though a reference in a March 2013 draft to Venice being “lost forever” beneath the waves has since been removed.

Globally, the draft report lays out eight “key risks”: sea level rise and storm surges in coastal areas that could affect “hundreds of millions… by 2100”; food insecurity for the poor from warming and drought; inland flooding of cities; loss of access to water for drinking and irrigation; breakdown of infrastructure due to extreme events; loss of fisheries, due to a “global redistribution of maximum catch potential”; loss of terrestrial ecosystems such as

The idea that climate change is of an entirely different order to other threats faced by the world has been rooted out.

“forest dieback … in the next one to three decades”; and extreme heat, especially for the poor in cities.

But it asks us to be grown-up about the uncertainties involved in what plays out when. “Responding to climate-related risks involves making decisions and taking actions in the face of continuing uncertainty about the extent of climate change and the severity of impacts in a changing world,” the draft report says. Or as Field put it to journalists in 2010: “Most people spend their lives making decisions under uncertainty, and that’s what dealing effectively with climate change demands — the same kind of decisions you make when you decide to buckle your seatbelt.”

The 2007 report was almost all about the impacts of climate change. Most of this report, and in particular most of the summary for policymakers, is about resilience and adaptation to inevitable climate change.

Central to that new take is setting climate change in a context of other risks, uncertainties and mega-trends such as poverty and social inequality, urbanization, and the globalization of food systems. What some call “climate exceptionalism” — the idea that climate change is something of an entirely different order to other threats faced by the world — has been rooted out. Here climate change is painted as pervasive, since nobody can avoid it wholly, but as usually only one among many pressures, especially on the poor.

“Climate-related hazards constitute an additional burden to people living in poverty, acting as a threat multiplier,” it says. “Vulnerability is rarely due to a single cause.” Even for someone living on a sand spit in coastal Bangladesh, at constant risk of being washed away by rising tides and

On food security, the report is markedly more gloomy than the previous assessment in 2007.

superstorms, the country’s pervasive land inequality may be a bigger threat.

Thus climate will exacerbate and amplify pre-existing problems. The report notes how a drought in Australia in 2007 sent global food prices soaring in 2008. But it cannot answer whether we should blame climate change or a dysfunctional food system.

Food security is, nonetheless, one area where the report is markedly more gloomy that its immediate predecessor. The 2007 assessment argued that increases in crop yields in mid-latitudes could offset losses in hotter climates, at least for the next few decades. “Globally,” it said, “the potential for food production is projected to increase with increases in local average temperature over a range of 1-3 degrees C.” But that optimism has faded. The leaked draft forecasts that “local temperature increases of 1 degrees C or more… are projected to negatively impact yields.”

Average yields of major grains could fall by up to 2 percent a decade from here until the end of the century, it predicts. With demand for food crops likely to rise by 14 percent a decade, that sounds a daunting prospect — though it also suggests that climate change is only a small element in the emerging 21st century crisis over global food security.

Some nightmare scenarios are robustly defused. Past IPCC reports have warned that there might be as many as 50 million “climate refugees” around the world, who will flee drought, rising tides and spreading deserts. This report is set to dismiss that idea. “The current alarmist predictions of massive flows of so-called ‘environmental refugees’ are not supported by past experiences of responses to droughts and extreme weather,” the draft

MORE FROM YALE e360

Has the U.N. Climate Panel
Now Outlived Its Usefulness?

sea level rise

Some scientists are saying the latest report from the Intergovernmental Panel on Climate Change is overly conservative and fails to mention some of the most worrisome possible scenarios. The panel, they contend, is no longer fulfilling its mission of informing policy makers of the risks of global warming.
READ MORE

says. “Predictions for future migration flows are tentative at best.” It also points out that migration is a good “coping strategy,” often to be encouraged rather than feared.

The report may irritate politicians in poor countries who look to blame climate change caused by the rich world for the ills of their people and want to demand reparations. But it may also dismay those who want to cite other factors to “prove” that climate change is never to blame. The world is more complicated, the scientists who prepared the draft conclude. The lesson of their report is that climate change will be implicated in a vast array of global ills, but it will rarely be the sole cause.

Climate change skeptics may want to characterize the report as debunking what they regard as the scaremongering of past reports. They may latch onto statements such as that “for most economic sectors,” factors such as changing demography, technology, lifestyles, and governance “will be large relative to the impacts of climate change.” And the report is, on the face of it, more optimistic than the famous review of the economics of climate change by Britain’s Nicholas Stern in 2006.

Stern put the likely cost to the global economy of warming this century at 5-20 percent of GDP. The new IPCC draft says that a global average temperature increase of 2.5 degrees from pre-industrial levels may lead to a global loss of income of between 0.2 and 2 percent.

But if Americans think this puts them in a good position, they are wrong. While the report is silent on whether there might be more or stronger hurricanes hitting North America from the Atlantic (and “Katrina aside,” saw no trend in U.S. hurricane deaths since 1970), it states that “much of North American infrastructure is currently vulnerable to extreme weather events.”

The message is clear. We may not be able to make hard and fast predictions, but prudency requires that we prepare for the worst.

Dmitry Orlov: Ukraine Crisis, Russia and Crimea Update | Greg Hunter’s USAWatchdog

Dmitry Orlov: Ukraine Crisis, Russia and Crimea Update | Greg Hunter’s USAWatchdog.

By Greg Hunter On March 19, 2014

4Dmitry Orlov:  Ukraine Crisis, Russia and Crimea UpdateBy Greg Hunter’s USAWatchdog.com

Dmitry Orlov is a Russian blogger who writes about the parallel between the U.S and the USSR.  Orlov lived through the financial collapse of the Soviet Union in the early 1990’s, and he thinks the U.S. is on the same trajectory.  Orlov contends, “The trajectory is defined by this sort of incompetent militarism where more and more money results in bigger and bigger military fiascos around the world and less and less of actual foreign policy that can be pursued or articulated.  There are massive levels of corruption.  The amount of money that is being stolen by the U.S. Government and its various appropriations processes is now in the trillions of dollars a year.  Runaway debt, the United States now has a level of debt that is un-repayable.  All we’re waiting for is interest rates to go across the magic threshold of 3% and the entire budget of the country explodes.  There are also all types of other tendencies that point in the direction of collapse and systemic failure at all levels.”

So, how close are we to collapse or system failure?  Orlov contends, “I am pretty sure that anyone who makes a prediction when the collapse will happen is wrong.  Nobody can say when it will happen.  It’s the same as saying a bridge that is structurally deficient; you don’t know when a truck is going to fall through into the river below. . . . You can be chronically sick for a long time, and then one day, you go into a coma or your heart stops.  You cannot predict what day that will happen.  Orlov does say, “The United States right now, from my point of view and the point of view from observers from around the world, is on suicide watch.  It’s a country that is going to self-destruct at some point in the near future.”

On the Ukraine crisis, Orlov thinks, “The Crimea referendum was the first legal way to find out what the people wanted to do.  The turnout was remarkable, and they voted overwhelmingly to rejoin Russia, to become part of Russia once again.  The interesting thing here is it was not just the Russians that voted to join Russia but the Ukrainians in Crimea, which makes a sizable part of the population voted to join Russia. . . Ukraine is composed of sort of a no man’s land in the West and then Russian territories in the East. . . .  If that trend holds, you are basically left with this insolvent nugget of nothingness, and it will be up to the international community to decide what to do with these people.  They are right now marching around Kiev with baseball bats and going into government offices and beating up members of local government and installing their own members.  They are basically running amok.  They don’t even have the support of the Ukrainian military at this point.  So, it will be a mop-up operation against these neo-fascists that are running amok.”  Orlov goes on to say, “In Washington, in the Obama Administration and in the Kerry State Department, we have absolutely breathtaking levels of incompetence.  These people really don’t know what they’re doing and are dangerous at any speed; and everywhere else, we have this follow the incompetent leader thing taking place, and it’s really, really frightening because the incompetents are leading the world to a really dangerous place.”

Orlov goes on to say, “What are these people doing trash talking the Russians?  What would these people do without Russia?  How would they get out of earth’s orbit and visit the international space station?  Who would negotiate international deals with Syria and Iran because all they can do is blunder and lose face.”  Russia doesn’t need the United States for anything.  The United States is the most dispensable country on earth.”

On possible war between Ukraine and Russia, Orlov contends, “They are not going to fight because the Ukraine military is part of the Russian military.  There really isn’t any opposition.  The Ukrainian military will decide what to do in a few days, and then they will inform the Russians, and after that, maybe they will inform their own government.  Maybe they will just go into the government offices and just round them up.  Last I heard, 60% of Ukrainian military accepted Russian passports already.  The remaining parts are being shipped out to the mainland.  That is happening peacefully.  So, there isn’t going to be any fight.  The really important point is the Ukrainian military all over Ukraine does not support the government in Kiev.  They are withholding support, and what they really want is to join the Russian military. . . . The best thing Russia can do is sit back and relax and let this work out.  I don’t think the government in Kiev has any legs.”

Join Greg Hunter as he goes One-on-One with Dmitry Orlov of ClubOrlov.com coming from Central America.

(There is much more in the video interview.)

 


After the Interview:
Dmitry Orlov is currently working on a new book that will be out later this year.  Orlov says, “The new book is about communities and what makes them resistant to adverse events such as financial collapse.”  Orlov adds, “The U.S., as a whole, is not resistant to shocks, but some parts of America are.”  You can find Dmitry Orlov at ClubOrlov.com.  

Dmitry Orlov: Ukraine Crisis, Russia and Crimea Update | Greg Hunter’s USAWatchdog

Dmitry Orlov: Ukraine Crisis, Russia and Crimea Update | Greg Hunter’s USAWatchdog.

By Greg Hunter On March 19, 2014

4Dmitry Orlov:  Ukraine Crisis, Russia and Crimea UpdateBy Greg Hunter’s USAWatchdog.com

Dmitry Orlov is a Russian blogger who writes about the parallel between the U.S and the USSR.  Orlov lived through the financial collapse of the Soviet Union in the early 1990’s, and he thinks the U.S. is on the same trajectory.  Orlov contends, “The trajectory is defined by this sort of incompetent militarism where more and more money results in bigger and bigger military fiascos around the world and less and less of actual foreign policy that can be pursued or articulated.  There are massive levels of corruption.  The amount of money that is being stolen by the U.S. Government and its various appropriations processes is now in the trillions of dollars a year.  Runaway debt, the United States now has a level of debt that is un-repayable.  All we’re waiting for is interest rates to go across the magic threshold of 3% and the entire budget of the country explodes.  There are also all types of other tendencies that point in the direction of collapse and systemic failure at all levels.”

So, how close are we to collapse or system failure?  Orlov contends, “I am pretty sure that anyone who makes a prediction when the collapse will happen is wrong.  Nobody can say when it will happen.  It’s the same as saying a bridge that is structurally deficient; you don’t know when a truck is going to fall through into the river below. . . . You can be chronically sick for a long time, and then one day, you go into a coma or your heart stops.  You cannot predict what day that will happen.  Orlov does say, “The United States right now, from my point of view and the point of view from observers from around the world, is on suicide watch.  It’s a country that is going to self-destruct at some point in the near future.”

On the Ukraine crisis, Orlov thinks, “The Crimea referendum was the first legal way to find out what the people wanted to do.  The turnout was remarkable, and they voted overwhelmingly to rejoin Russia, to become part of Russia once again.  The interesting thing here is it was not just the Russians that voted to join Russia but the Ukrainians in Crimea, which makes a sizable part of the population voted to join Russia. . . Ukraine is composed of sort of a no man’s land in the West and then Russian territories in the East. . . .  If that trend holds, you are basically left with this insolvent nugget of nothingness, and it will be up to the international community to decide what to do with these people.  They are right now marching around Kiev with baseball bats and going into government offices and beating up members of local government and installing their own members.  They are basically running amok.  They don’t even have the support of the Ukrainian military at this point.  So, it will be a mop-up operation against these neo-fascists that are running amok.”  Orlov goes on to say, “In Washington, in the Obama Administration and in the Kerry State Department, we have absolutely breathtaking levels of incompetence.  These people really don’t know what they’re doing and are dangerous at any speed; and everywhere else, we have this follow the incompetent leader thing taking place, and it’s really, really frightening because the incompetents are leading the world to a really dangerous place.”

Orlov goes on to say, “What are these people doing trash talking the Russians?  What would these people do without Russia?  How would they get out of earth’s orbit and visit the international space station?  Who would negotiate international deals with Syria and Iran because all they can do is blunder and lose face.”  Russia doesn’t need the United States for anything.  The United States is the most dispensable country on earth.”

On possible war between Ukraine and Russia, Orlov contends, “They are not going to fight because the Ukraine military is part of the Russian military.  There really isn’t any opposition.  The Ukrainian military will decide what to do in a few days, and then they will inform the Russians, and after that, maybe they will inform their own government.  Maybe they will just go into the government offices and just round them up.  Last I heard, 60% of Ukrainian military accepted Russian passports already.  The remaining parts are being shipped out to the mainland.  That is happening peacefully.  So, there isn’t going to be any fight.  The really important point is the Ukrainian military all over Ukraine does not support the government in Kiev.  They are withholding support, and what they really want is to join the Russian military. . . . The best thing Russia can do is sit back and relax and let this work out.  I don’t think the government in Kiev has any legs.”

Join Greg Hunter as he goes One-on-One with Dmitry Orlov of ClubOrlov.com coming from Central America.

(There is much more in the video interview.)

 


After the Interview:
Dmitry Orlov is currently working on a new book that will be out later this year.  Orlov says, “The new book is about communities and what makes them resistant to adverse events such as financial collapse.”  Orlov adds, “The U.S., as a whole, is not resistant to shocks, but some parts of America are.”  You can find Dmitry Orlov at ClubOrlov.com.  

Cuba prepares for Venezuela energy disruptions | StratRisks

Cuba prepares for Venezuela energy disruptions | StratRisks.

Source: Miami Herald
Cuba prepares for Venezuela disruptions

As political violence in Venezuela rolls on, Cubans say they are hearing reports that Havana is making energy or military preparations for a possible disruption of its tight alliance with the South American nation.

Cuba’s stagnant economy depends overwhelmingly on Venezuelan subsidies estimated at well over $6 billion a year — even more than the former Soviet Union once provided to the Caribbean island.

“If something ugly happens in Venezuela, we are fried like in the Special Period,” said Havana teacher Yadiel Ramirez.

The end of Soviet subsidies in 1991 plunged Cuba into a brutal crisis, shrinking the economy by 33 percent and sparking widespread hunger.

Former top Cuban government economist Jesús “Marzo” Fernandez said close Cuban friends working in Venezuela for that country’s state-owned PDVSA oil company have told him Havana has prepared for a sudden stop in Venezuelan oil imports.

The friends said all oil storage facilities on the island, including those set aside for military, government and strategic reserves, were full to the top as of March 4, Fernandez said. Caracas sends Cuba abour 115,000 barrels per day, two-thirds of its consumption.

“They are preparing? No. They are prepared,” added Fernandez, who now lives in Miami. “They won’t be surprised. The Cubans work with a long-distance view.”

Most analysts remain skeptical of claims by the Venezuelan opposition of Cuban troops arriving in the country in recent weeks to defend President Nicolas Maduro and quell the anti-government protests that have left 25 dead and more than 300 injured.

Opposition activists have published long-distance photos of unidentified soldiers landing in a military airport, and reports of people with Cuban accents beating up anti-Maduro protesters.

Read More @ Source

Cuba prepares for Venezuela energy disruptions | StratRisks

Cuba prepares for Venezuela energy disruptions | StratRisks.

Source: Miami Herald
Cuba prepares for Venezuela disruptions

As political violence in Venezuela rolls on, Cubans say they are hearing reports that Havana is making energy or military preparations for a possible disruption of its tight alliance with the South American nation.

Cuba’s stagnant economy depends overwhelmingly on Venezuelan subsidies estimated at well over $6 billion a year — even more than the former Soviet Union once provided to the Caribbean island.

“If something ugly happens in Venezuela, we are fried like in the Special Period,” said Havana teacher Yadiel Ramirez.

The end of Soviet subsidies in 1991 plunged Cuba into a brutal crisis, shrinking the economy by 33 percent and sparking widespread hunger.

Former top Cuban government economist Jesús “Marzo” Fernandez said close Cuban friends working in Venezuela for that country’s state-owned PDVSA oil company have told him Havana has prepared for a sudden stop in Venezuelan oil imports.

The friends said all oil storage facilities on the island, including those set aside for military, government and strategic reserves, were full to the top as of March 4, Fernandez said. Caracas sends Cuba abour 115,000 barrels per day, two-thirds of its consumption.

“They are preparing? No. They are prepared,” added Fernandez, who now lives in Miami. “They won’t be surprised. The Cubans work with a long-distance view.”

Most analysts remain skeptical of claims by the Venezuelan opposition of Cuban troops arriving in the country in recent weeks to defend President Nicolas Maduro and quell the anti-government protests that have left 25 dead and more than 300 injured.

Opposition activists have published long-distance photos of unidentified soldiers landing in a military airport, and reports of people with Cuban accents beating up anti-Maduro protesters.

Read More @ Source

The Radio Ecoshock Show: California Drought: Is this the big one?

The Radio Ecoshock Show: California Drought: Is this the big one?.

RADIO ECOSHOCK SPECIAL ON CALIFORNIA DROUGHT Despite recent rains, California’s reservoirs are near empty, snow-pack light, and groundwater depleted. Four experts on a drought that really started in 2006, impacts on economy, food, farming, and nature. Guests: Dr. Peter Gleick, Dr. Jay Famiglietti, David Schroeder, Dr. Reagan Waskom

http://tinyurl.com/lrqaxqe

THE CALIFORNIA DROUGHT IS NOT OVER!

Rainstorms finally arrived in California, after a 14 month drought with no significant rain. But the big reservoirs are still pitifully low, and snow pack is less than a quarter of normal. Hundreds of thousands of acres will not be planted, and food bills will likely go up in North America, and possibly around the world.

This is the Radio Ecoshock special on the California drought, as a case study of what we can expect in many parts of the Earth. I’ve lined up 4 experts all with something new for you.

Dr. Peter Gleick is a climate and water specialist who has been warning this could happen for years.

Dr. Reagan Waskom is another water and agriculture expert from Colorado.

We connect with boots-on-the ground water conservation specialist David Schroeder in Montclair, right on the edge of thirsty Los Angeles.

Finally, we get back to the big picture, as Professor Jay Famiglietti at University of California Irvine warns of depletion of the ground water under one of the world’s biggest food producing areas. That’s a trend all over the world, as we race toward peak water.

Download/listen to this Radio Ecoshock show in CD Quality or Lo-Fi

PETER GLEICK: Is the drought climate change?

Our first guest is Dr. Peter Gleick. He’s president of the Pacific Institute in Oakland, California, one of the world’s leading independent think tanks on water issues. Peter is also a scientist known around the world.

Peter introduced the term “Bellwether Drought” for this event. We know climate change threatens the water cycle. Scientists believe the wet areas (like the UK!) will get wetter, and the dry areas like California, will get dryer. So the dice are loaded for more droughts to occur in this major food producing area.

Dr. Gleick points out we could say this drought started in at least 2006. There have been several drier-than-normal years since then. Scientists have found records showing California has experienced droughts lasting more than a hundred years in the past, in the 1100’s for example.

So we may be asking if human-induced climate change has triggered this drought cycle. The causes of regional weather events are complex. We have ocean currents, natural cycles like El Nino and El Nina, and changes to the Jet Stream. All of those, especially the Jet Stream (as shown by the work of Jennifer Francis et al at Rutgers) can be influenced by climate change.

It’s a Bellwether event because whether or not we can nail down direct causation by climate disruption – it’s a sure test of what is likely during the coming decades. As in Australia, it is possible Euro-humans arrived in California during a cyclical wet spell that was bound to end. But have we hastened that process?

I also talk with Peter about desalination, it’s promises and obstacles. A new desalination plant has been build to feed the San Diego water system. But really, it’s so energy intensive and expensive that desalination cannot save the whole California agricultural system.

Peter Gleick is an influential scientist in many places. He talks about the global work his institute is involved in, and it’s heavy-duty stuff. It’s cool he Tweeted this program link out to his 11,000 plus followers.

You can download or listen to this 18 minute interview with Dr. Peter Gleick inCD Quality or Lo-Fi.

DR. JAY FAMIGLIETTI: Looking at the drought from space.

When the rains don’t fall in California, every one checks their wallet for rising food prices. But rain or not, cities and farmers are pumping out California groundwater at an alarming rate. Thanks to new satellite science, now we know how much of that unseen wealth has been depleted. It’s a problem for farmers and all humans all over the world, as we grab water stored over the ages, to keep us alive right now. At some point, the water runs out.

Dr. Jay Famiglietti is a Professor of Earth System Science, and Director of the Center for Hydrologic Modeling at the University of California, Irvine. He’s an expert’s expert.

When the federal government, and state agencies cut off water supplies, as they did just this past month, farmers don’t just roll over and die. All those who can start pumping up groundwater furiously. They’ve been doing that for decades, always at an increasing level. You may think ground water gets replenished with rains, but some of it was captured and contained over millions of years. When I have a glass of water in my village, that water is 100,000 years old.

So just like oil, ground water is a limited resource. When you run out, that’s it.

Amazing to tell, scientists can measure the rate of groundwater depletion in California from space. The twin GRACE satellites have shown the loss of mass in Greenland as the glaciers melt. Now scientists at the University of California Irvine report that California is setting new records for groundwater loss. The state is literally getting lighter.

Find out about the GRACE satellites here. Oh, and by the way, one of their top stories is the discovery that climate change is causing the Earth’s poles to migrate. Don’t believe that? Read about it here.

One result is the land starts to sink, once the water below is removed. That’s serious in the Sacramento delta, where so much of North America’s fruits and vegetables are grown. Once it goes too low, a rush of salt water, say from a storm surge, can take thousands and thousands of prime acres out of production.

Jay Familietti describes what we know. He says the average of prediction of when California will run out of groundwater at current rates is 60 years from now. After that, the glory days of big populations and big cities may be done. Some experts say it will come sooner than that.

That same story is being repeated, even worse, in countries like China and India. India is pumping out the water tables at an alarming rate. In both countries, as thousands of wells go dry, they drill deeper, and burn even more energy with bigger pumps, just to keep up. Some places are already out of water, and out of production.

Keep this story in mind as you build the big picture: peak groundwater. It’s coming.

By the way, I ask Dr. Famiglietti what happens to all the water we pump out for our fields and cities. Some of it goes into the ocean, to become salt water. The warmer atmosphere can hold 4% more water vapor already, since 1970, and that’s a huge amount. Other water ends up falling in those places that are already wet.

Don’t miss this 12 minute interview with Jay Famiglietti. It’s short but powerful. Listen or download in CD Quality or Lo-Fi

Read a key article by Dr. Famiglietti “Epic California Drought and Groundwater: Where Do We Go From Here?“. And check out his LA Times Op-Ed from 2013, “California’s water house of cards“.

DR. REAGAN WASKOM – Feeding the western food supply

I was referred to Dr. Waskom by Michael Cohen of the Pacific Institute. Even though Waskom is the University of Colorado in Fort Collins, he’s one of the country’s wisemen when it comes to water supplies and our food system.

Reagan Waskom is the Director of the Colorado Water Institute, and Chair of the Colorado State University Water Center.

It turns out Colorado supplies much of the water to Southern California. We are not talking about the big food production areas, but more the heavy populations in places like Los Anglees. So what happens in Colorado matters a lot to California.

The good news is there is a heavy snow pack this year in Colorado. How useful that is depends on how fast the snow melt is, among other factors.

I ask Dr. Waskom what happens if California really is in a long-term drought. Could we replace all that food with farming somewhere else in the country?

Dr. Waskom has also been studying the big use of water by the fracking industry. We touch on that.

My final question is more personal: “You’ve taught a lot of students, and graduate students. Do you think young people are more disconnected from natural reality than when you were growing up?”

I learned a lot just talking with the man. You probably will too. Download this 17 minute interview in CD Quality or Lo-Fi.

DAVID SCHROEDER on the ground outside of LA

I wanted to get you some reporting from right on the ground in southern California. Acting on a tip from a Radio Ecoshock listener, we’ve reached David Schroeder. He’s a Water Conservation Specialist with the Chino Basin Water District. That’s based in Montclair California, right on the edge of one of America’s biggest cities, Los Angeles.

We talk about where water for southern California comes from, and what to do when it doesn’t. Dave specializes in getting the public involved in tearing up grass to install natural vegetation, to use less water in the home, and so on. There isn’t much farming left in the south of the state. Now the challenge is huge cities and endless suburbs.

Dave lives in the mountains that used to be white with snow in winter, when I lived in L.A. many moons ago. No snow there this year he reports. That’s not good news for the coming fire season, for anything.

Download/listen to this 10 minute interview with David Schroeder in CD Quality

WRAP UP

That wraps up my Radio Ecoshock special on the California drought, 2014. I hope you learned, as I did, about where our water comes from, where it’s going, and the dangerous tightrope we walk trying to feed a growing world population during climate disruption.

Radio Ecoshock is provided free to more than 75 non-profit radio stations. I depend on your financial help to keep going. Find ways to support this program in this blog, and at the show archive and web site, ecoshock.org

I’m Alex Smith. As always, thank you for listening, and caring about your world.

Posted by at 5:37 PM

Is the Earth overpopulated? » peoplesworld

Is the Earth overpopulated? » peoplesworld.

assets/Uploads/_resampled/CroppedImage6060-Meeropol.jpg

march 13 2014overpop520x300

Recently I’ve been facilitating two groups studying global warming. (I will send my annotated 10-book syllabus to anyone who asks for it). Our current discussions are based on Alan Weisman’s new book, “Countdown.”While the book contains statements indicating it is not so simple, Weisman’s main point is that overpopulation is at the core of our environmental problems.

I’ve also been reading Clive Ponting’s “A New Green History of the World.” Ponting concludes that: “The current environmental problems in the world can only be understood in the context of the nature of the world economy produced since 1500.”

At first glance these points of view appear to restate the old argument between Malthus and Marx. Malthus argued in 1798 that food production could never match population growth, and so, the masses were doomed to starvation. Marx, on the other hand, maintained that there would be enough for everyone if the earth’s resources were distributed fairly. He attacked Malthus for placing blame on the victims of capitalist exploitation rather than on the capitalists, who were the real culprits.

Raised by two sets of Old Left parents, and coming of age as a New Left Marxist, I initially rejected all claims that we could eliminate poverty and environmental damage through population control. However, in 1798 when Malthus first staked out his position, there were fewer than one billion people on the planet, and when Marx critiqued him there were no more than 1.5 billion. The world’s population has recently topped 7 billion, and is headed for nine or ten billion in the next several decades. Marx was right that when Malthus propounded his theory it was a self-serving defense of inequality, but since then, overpopulation has become a major problem.

I also agree with Ponting that the world’s current unequal distribution of resources is responsible for environmentally-devastating first world overconsumption and mass human suffering. But capitalism’s love affair with increasing population is a key part of the current global economy. More people equals more workers willing to work for less as they compete with each other. More consumers buy more, generating more profit. A system based on perpetual growth serves its principal beneficiaries when individuals consume more AND there are more individuals doing the consuming. Is it possible that Weisman and Ponting are both correct?

Seven billion people are way too many, and 10 billion will just hasten disaster. Weisman’s point is well-taken; we must and can bring down the population through universal education, and government assisted family planning programs, and doing so is a necessary condition of controlling global warming. Weisman, laments that all we lack is the political will to do so. He writes: “why [are] health decisions about Mother Nature … made by politicians, not by scientists who know how critical her condition is.” But as Ponting makes plain, the nature of our global economy means that politicians serving multinational corporate masters will continue to make such decisions. As long as the world’s economy is driven by competition, profit and growth, efforts to reduce substantially either our population or consumption will be ineffective.

It is not a question of one or the other. Both are essential and we must address them in conjunction.

This article originally appeared at the Robert Meeropol’s blog.

Photo: Tomonari Suzuoki CC

oftwominds-Charles Hugh Smith: How The Fed Has Failed America, Part 2

oftwominds-Charles Hugh Smith: How The Fed Has Failed America, Part 2.

The only way to eliminate the financial parasites is to stop subsidizing their skimming and scamming, and the only way to stop subsidizing the financial parasites is to shut down the Fed.

Before I explain how the Federal Reserve has failed America, let’s do a little thought experiment. Let’s imagine that instead of creating $3.2 trillion and giving it to the banking sector to play with–funding carry trades and high-frequency trading, for example–the Fed had invested in carry trades itself and returned the profits directly to taxpayers.

Before we go through the math, let’s recall how a carry trade works: Financiers borrow billions at near-zero interest from the Fed and then use the free money to buy bonds in other countries where the return is (say) 5%. The financiers are skimming 4.75% or more for doing nothing other than having access to the Fed’s free money.

If the bonds rise in value (because interest rates decline in the nation issuing the bonds), the financiers skim additional profit. If the trade can be leveraged via derivatives, then the annual return can be bumped up from 5% to 10%.

OK, back to the experiment. The Fed created $3.2 trillion in its quantitative easing (QE) programs. let’s say the Fed’s money managers (or gunslingers hired by the Fed to handle the trading) earn around 5% annually with various low-risk carry trades.


That works out to an annual profit of $160 billion (5% of $3.2 trillion). Now let’s say the Fed divvied the profit up among everyone who paid Social Security taxes the previous year. That’s around 140 million wage earners. Every person who paid Social Security taxes would receive $1,100 from the Fed’s carry trade profits.

The point of this experiment is to suggest that there were plenty of things the Fed could have done with its $3.2 trillion that would have directly benefited taxpaying Americans, but instead the Fed funneled all those profits to financiers and banks.

The Fed apologists claim that lowering interest rates to zero benefited American who saw their interest payments decline. Nice, but not necessarily true. Try asking a student paying 9% for his student loans how much his interest rate dropped due to Fed policy. Or ask someone paying 19.9% in credit card interest (gotta love that .1% that keeps it under 20%)–how much did your interest drop as a result of Fed policy?

Answer: zip, zero, nada. The Fed’s zero interest rate policy (ZIRP)funneled profits to the banks, not to borrowers.

And let’s not forget that many Americans chose not to borrow at all. What did the Fed do for them? It stole the interest they once earned on their savings. Estimates vary, but it is clear that the Fed’s ZIRP transferred hundreds of billions of dollars in interest to the banking sector, income forceably “donated” by savers to the banks.

Lowering interest rates to zero is effectively a forced subsidy of borrowers by savers. But that’s not the only subsidy: who makes money from originating and managing loans? Banks. The more loans that are originated, the higher the transaction fees and profits flowing to banks. So incentivizing borrowing generates more profits for banks.

Humans make decisions based on the incentives and disincentives in place at the time of their decision. Lowering the cost of money (interest) to zero creates an incentive to gamble the money on low-yield bets. After all, if you can earn 3% on the free money, then why not skim the free 3%?

If speculators had to pay 6% for money and 7.5% for mortgages (the going rate in the go-go 1990s), then the number of available carry trades plummets. The only carry trades that make sense when you’re paying 6% for money are those with yields of 10%–and any bond paying 10% carries a high risk of default (otherwise, the issuer wouldn’t have to offer such a high rate of interest to lure buyers).

All of these incentives to borrow money at zero interest rate are only available to banks and financiers. And that’s the point of the Fed’s policies: to stripmine the bottom 99.5% and transfer the wealth to banks and financiers. Lowering interest rates to zero incentivizes carry trades and speculative bets that do absolutely nothing for America or the bottom 99.5% of taxpayers.

A self-employed worker pays 50% more tax than a hedge funder skimming billions of dollars in carry trades. A self-employed worker pays 15.3% in Social Security and Medicare taxes and a minimum of 15% Federal income tax for a minimum of 30.3%. (The higher your income, the higher your tax rate, which quickly rises to 25% and up.) The hedge funder pays no Social Security tax at all because the carry trade profits are “long-term capital gains” which are taxed at 15% (20% if the Hedgie skims more than $400,000 a year).

Despite the Fed apologists’ claims that ZIRP and free money handed to banks and financiers create jobs and start businesses, there is absolutely no evidence to support this claim. The only beneficiaries of Fed policies are tax accountants for the banks and financiers and luxury auto dealerships. Since Porsches and Maseratis are not made in the U.S., the benefits of the top .5% buying costly gew-gaws and evading taxes is extremely limited.

Attention, all apologists, lackeys, toadies, minions and factotums of the Fed: is there any plausible explanation for the wealthiest .5% pulling away from everyone else since the Fed launched ZIRP and QE other than Fed policies? And while we’re at it, how about publishing a verifiable list of companies that were founded and now employ hundreds of people because the owners could borrow millions of dollars at zero interest?



Get real–no new business can borrow Fed money for zero interest. The only entities that can borrow the Fed’s free money are banks and other financial parasites.

The truth is the Fed incentivizes and rewards the most parasitic, least productive sector of the economy and forcibly transfers the interest that was once earned by the productive middle class to the parasites. Though the multitudes of apologists, lackeys, toadies, minions and factotums of the Fed will frantically deny it, the inescapable truth is that the nation and the bottom 99.5% would be instantly and forever better off were the Fed closed down and its assets liquidated.

The only way to eliminate the financial parasites is to stop subsidizing their skimming and scamming, and the only way to stop subsidizing the financial parasites is to shut down the Fed.


Source: Wealth, Income, and Power (G. William Domhoff)

Godzilla is good for you? | Business Spectator

Godzilla is good for you? | Business Spectator.


3 Mar, 7:15 AM 

Fans of Japanese schlock fiction will be pleased to know that that old mega-favourite Godzillais returning in 2014, to stomp on simulated cities in a cinema near you. And of course, he’s bigger and better: the original Japanese movie had him at about 50-100 metres and weighing 20-60,000 tons; I’d guess he was about twice that size in the 1998 US remake; and by the looks of the trailer for the 2014 movie, he’s now a couple of kilometres tall and probably weighs in the millions.

That’s good: when you want thrills and spills in a virtual world, then as it is with sport (according to Australian comedic legends Roy and HG) too much lizard is barely enough. The bigger he gets, the more he can destroy, which makes for great visual effects (if not great cinema).

But in the real world? The biggest dinosaur known came in at about 40 metres long, weighed “only” about 80 tonnes, and had an estimated maximum speed of eight kilometres an hour. In the real world, size imposes restriction on movement, and big can be just too big. So a real-world Godzilla is an impossibility.

Cinema — especially CGI-enhanced cinema — can overcome the limits of evolution, and therein lie the thrills and spills of Godzilla: the bigger he is, the more terrifying. Godzilla is scary purely because of his scale: a 100 metre Godzilla is scary; the 1 metre iguana species from which he supposedly evolves is merely cute. In Godzilla, there is a positive relationship between size and destructive capacity.

Maybe Bank of England governor Mark Carney should attend the UK premiere, because he clearly needs to learn this lesson and apply it to his own bailiwick. If he can’t learn it from economics, then maybe he can learn it from the movies by analogy: finance is dangerous in part because, like Godzilla, it is too big.

Instead, as Howard Davies — himself an ex-deputy governor of the Bank of England — observed in a recent Project Syndicate column, Carney seems almost to celebrate the prospect that the UK’s financial sector — now with assets four times the size of its economy — might grow to nine times the size of GDP if current trends continue.

“Bank of England Governor Mark Carney surprised his audience at a conference late last year by speculating that banking assets in London could grow to more than nine times Britain’s GDP by 2050… the estimate was deeply unsettling to many. Hosting a huge financial center, with outsize domestic banks, can be costly to taxpayers. In Iceland and Ireland, banks outgrew their governments’ ability to support them when needed. The result was disastrous,” Davies said.

In a speech marking the 125th anniversary of The Financial Times, Carney noted that when the paper was founded, “the assets of UK banks amounted to around 40 per cent of GDP. By the end of last year, that ratio had risen tenfold.” He then noted that if the UK maintains its share of global finance, and “financial deepening in foreign economies increases in line with historical norms”, then “by 2050, UK banks’ assets could exceed nine times GDP, and that is to say nothing of the potentially rapid growth of foreign banking and shadow banking based in London.”

From 40 per cent to 400 per cent of GDP in 125 years, and then from 400 per cent to 900 per cent in another 35: even the Godzilla franchise would be impressed with that rate of growth. And Carney seems to relish the prospect. Though he notes that “some would react to this prospect with horror. They would prefer that the UK financial services industry be slimmed down if not shut down”, he next stated that “in the aftermath of the crisis, such sentiments have gone largely unchallenged”. And he proceeds to challenge them.

After stating that “if organised properly, a vibrant financial sector brings substantial benefits”, he denied any responsibility in determining how big the financial sector should be — either absolutely or relative to the economy:

“It is not for the Bank of England to decide how big the financial sector should be. Our job is to ensure that it is safe,” Carney said.

Oddly, as well as seeing no necessary relationship between size and safety, he also takes a lopsided position on this non-responsibility: while he is not responsible for determining the finance sector’s size, he nonetheless thinks that his role is to make it as big as it can be:

“The Bank of England’s task is to ensure that the UK can host a large and expanding financial sector in a way that promotes financial stability…”  Carney said.

Herein lies the rub, and the non-sequitur: bigger cannot mean more stable, for the simple reason that the assets of the financial sector are, in large measure, the debts of the real economy to the banks. The bigger the assets of the financial sector, the higher the debts of the real economy have to be. Ultimately, even with near-zero interest rates, servicing this debt is likely to prove impossible to large segments of the economy, leading to a financial crisis.

That logic is what led me to expect a financial crisis back in 2005: when I saw the data for Australia’s and America’s private debt to GDP ratios (figure 1), I was convinced that a crisis was in the offing. That rate of growth of debt compared to GDP could not continue. Figure 1 shows that I was right: the rate of growth of debt turned negative, ushering in the economic crisis that no central bank foresaw (except the Bank of International Settlements, thanks to its Minsky-aware research director Bill White). Debt to GDP levels fell as, for a while, the private sector deleveraged.

Growth is now returning — strongly in the US, meekly in the UK — largely because private debt is rising once more. But rather than seeing danger here, the UK’s central banker happily contemplates a world in which the UK financial sector is more than twice as big as it is now — which would require the liabilities of the non-bank side of the economy to grow to roughly four times GDP.

Figure 1: The UK’s Godzilla is bigger and faster growing than the US Godzilla

 

Graph for Godzilla is good for you?

 

There is a line of thought that blames central banks for causing the crisis — with Scott Sumner being the first to outright blame the 2007 crisis on Ben Bernanke. I don’t blame them for causing the crisis, but rather for letting the force build up that would make one inevitable — by letting bank debt get much, much larger than GDP without batting an eyelid.

Now we’ve had the crisis, and if Carney’s speech is any guide, they’re once again letting private debt levels rip again, because even after the experience of 2008, they can’t see a problem. Given this complete failure of oversight, I expect that the sequel to the economic crisis of 2007 will appear before the next sequel for Godzilla.

Steve Keen is author of Debunking Economics and the blog Debtwatch and developer of theMinsky software program.

 

Godzilla is good for you? | Business Spectator

Godzilla is good for you? | Business Spectator.


3 Mar, 7:15 AM 

Fans of Japanese schlock fiction will be pleased to know that that old mega-favourite Godzillais returning in 2014, to stomp on simulated cities in a cinema near you. And of course, he’s bigger and better: the original Japanese movie had him at about 50-100 metres and weighing 20-60,000 tons; I’d guess he was about twice that size in the 1998 US remake; and by the looks of the trailer for the 2014 movie, he’s now a couple of kilometres tall and probably weighs in the millions.

That’s good: when you want thrills and spills in a virtual world, then as it is with sport (according to Australian comedic legends Roy and HG) too much lizard is barely enough. The bigger he gets, the more he can destroy, which makes for great visual effects (if not great cinema).

But in the real world? The biggest dinosaur known came in at about 40 metres long, weighed “only” about 80 tonnes, and had an estimated maximum speed of eight kilometres an hour. In the real world, size imposes restriction on movement, and big can be just too big. So a real-world Godzilla is an impossibility.

Cinema — especially CGI-enhanced cinema — can overcome the limits of evolution, and therein lie the thrills and spills of Godzilla: the bigger he is, the more terrifying. Godzilla is scary purely because of his scale: a 100 metre Godzilla is scary; the 1 metre iguana species from which he supposedly evolves is merely cute. In Godzilla, there is a positive relationship between size and destructive capacity.

Maybe Bank of England governor Mark Carney should attend the UK premiere, because he clearly needs to learn this lesson and apply it to his own bailiwick. If he can’t learn it from economics, then maybe he can learn it from the movies by analogy: finance is dangerous in part because, like Godzilla, it is too big.

Instead, as Howard Davies — himself an ex-deputy governor of the Bank of England — observed in a recent Project Syndicate column, Carney seems almost to celebrate the prospect that the UK’s financial sector — now with assets four times the size of its economy — might grow to nine times the size of GDP if current trends continue.

“Bank of England Governor Mark Carney surprised his audience at a conference late last year by speculating that banking assets in London could grow to more than nine times Britain’s GDP by 2050… the estimate was deeply unsettling to many. Hosting a huge financial center, with outsize domestic banks, can be costly to taxpayers. In Iceland and Ireland, banks outgrew their governments’ ability to support them when needed. The result was disastrous,” Davies said.

In a speech marking the 125th anniversary of The Financial Times, Carney noted that when the paper was founded, “the assets of UK banks amounted to around 40 per cent of GDP. By the end of last year, that ratio had risen tenfold.” He then noted that if the UK maintains its share of global finance, and “financial deepening in foreign economies increases in line with historical norms”, then “by 2050, UK banks’ assets could exceed nine times GDP, and that is to say nothing of the potentially rapid growth of foreign banking and shadow banking based in London.”

From 40 per cent to 400 per cent of GDP in 125 years, and then from 400 per cent to 900 per cent in another 35: even the Godzilla franchise would be impressed with that rate of growth. And Carney seems to relish the prospect. Though he notes that “some would react to this prospect with horror. They would prefer that the UK financial services industry be slimmed down if not shut down”, he next stated that “in the aftermath of the crisis, such sentiments have gone largely unchallenged”. And he proceeds to challenge them.

After stating that “if organised properly, a vibrant financial sector brings substantial benefits”, he denied any responsibility in determining how big the financial sector should be — either absolutely or relative to the economy:

“It is not for the Bank of England to decide how big the financial sector should be. Our job is to ensure that it is safe,” Carney said.

Oddly, as well as seeing no necessary relationship between size and safety, he also takes a lopsided position on this non-responsibility: while he is not responsible for determining the finance sector’s size, he nonetheless thinks that his role is to make it as big as it can be:

“The Bank of England’s task is to ensure that the UK can host a large and expanding financial sector in a way that promotes financial stability…”  Carney said.

Herein lies the rub, and the non-sequitur: bigger cannot mean more stable, for the simple reason that the assets of the financial sector are, in large measure, the debts of the real economy to the banks. The bigger the assets of the financial sector, the higher the debts of the real economy have to be. Ultimately, even with near-zero interest rates, servicing this debt is likely to prove impossible to large segments of the economy, leading to a financial crisis.

That logic is what led me to expect a financial crisis back in 2005: when I saw the data for Australia’s and America’s private debt to GDP ratios (figure 1), I was convinced that a crisis was in the offing. That rate of growth of debt compared to GDP could not continue. Figure 1 shows that I was right: the rate of growth of debt turned negative, ushering in the economic crisis that no central bank foresaw (except the Bank of International Settlements, thanks to its Minsky-aware research director Bill White). Debt to GDP levels fell as, for a while, the private sector deleveraged.

Growth is now returning — strongly in the US, meekly in the UK — largely because private debt is rising once more. But rather than seeing danger here, the UK’s central banker happily contemplates a world in which the UK financial sector is more than twice as big as it is now — which would require the liabilities of the non-bank side of the economy to grow to roughly four times GDP.

Figure 1: The UK’s Godzilla is bigger and faster growing than the US Godzilla

 

Graph for Godzilla is good for you?

 

There is a line of thought that blames central banks for causing the crisis — with Scott Sumner being the first to outright blame the 2007 crisis on Ben Bernanke. I don’t blame them for causing the crisis, but rather for letting the force build up that would make one inevitable — by letting bank debt get much, much larger than GDP without batting an eyelid.

Now we’ve had the crisis, and if Carney’s speech is any guide, they’re once again letting private debt levels rip again, because even after the experience of 2008, they can’t see a problem. Given this complete failure of oversight, I expect that the sequel to the economic crisis of 2007 will appear before the next sequel for Godzilla.

Steve Keen is author of Debunking Economics and the blog Debtwatch and developer of theMinsky software program.

 

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