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Study: US owes $80 trillion in climate reparations. Major polluting countries could be responsible for a collective $170 trillion for overshooting their fair share of carbon emissions. Countries like the United States and those in Europe could be on the hook for an eye-popping $170 trillion in climate reparations for their excessive carbon emissions, according to new research from the University of Leeds. The study highlights inequities in the remaining carbon that the world can emit before invoking even more catastrophic climate events. Wealthier countries like the U.S, United Kingdom, and Germany are not only responsible for the largest share of current and historic emissions, but they are also on track to overshoot their existing carbon budgets, or the amount that the world can emit before exceeding the current global target of 1.5 degrees C (about 2.7 degrees F) of warming.Researchers used estimates from the Intergovernmental Panel on Climate Change, a group of experts assembled by the United Nations, to measure the total global carbon budget as well as a country’s individual budget. They also looked at the deep cuts in emissions that countries in the Global South will have to make if they are to counteract the countries that use more than their fair share, and the study attempts to quantify the dollar amount that would properly compensate them for it. “The problem is that the Global North would be overshooting its collective fair share of the 1.5-degree carbon budget by nearly three times,” said Andrew Fanning, the study’s lead author and a visiting research fellow at the University of Leeds. “And, of course, if some countries are overshooting, then other countries need to pick up the slack.” The oversized carbon footprint of wealthier nations has been an ongoing roadblock in the race to cut emissions and curb the worst impacts of climate change. Researchers sought to quantify how much excess emissions would cost and used the existing framework from the IPCC to price out the difference in emissions. The topic of unequal carbon emissions has become a central issue in recent years at U.N. climate conferences, including last year’s in Egypt. Other academic studies also attempt to put a price on carbon emissionsin order to better understand the economic impact of climate change. “Carbon pricing is supposed to help shift the cost away from the broader society to those responsible for the emissions, while providing an incentive to reduce emissions,” said Yamide Dagnet, director of climate justice at Open Society Foundations. “[It’s] supposed to be used to deter the use of fossil fuels.” Research like Fanning’s follows other academic studies that attempt to put a price on carbon emissions in order to better understand the economic impact of climate change. Carbon pricing is supposed to help shift the cost away from the broader society to those responsible for the emissions, while providing an incentive to reduce emissions,” said Yamide Dagnet, director of climate justice at Open Society Foundations. “[It’s] supposed to be used to deter the use of fossil fuels.” https://grist.org/
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Just Build the Homes- public housing is ready to make a comeback. It’s no surprise that the debate about how to solve the housing crisis has become one of the most contentious issues in city halls, state legislatures, and on your Twitter timeline. Thanks to rising mortgage interest rates, persistently high rents, andinadequate housing availability, finding an affordable home is harder than it’s been in decades. Much of the recent debate has focused on reducing barriers to housing construction through a process called upzoning, or allowing developers to build more and more densely. Upzoning, for example, could allow homeowners to add rental cottages behind their houses or allow developers to construct mid rise apartment buildings near transit where previously only single-family homes were allowed. Some on the left, once reflexively skeptical of developers, are now agitating to lift regulations on them. Others remain highly skeptical.Research generally shows that upzonings, particularly large ones, eventually result in additional housing and reduced rent growth. But the typical effects of upzoning are rather modest, especially in the short term. Because upzonings mostly rely on the private sector to get housing built, even in the most development-friendly locales, like Houston, developers don’t always build enough. In particular, developers overlook homes that are affordable for the low-income people who need it the most; these are less likely to be profitable. And in the absence of rent control, many renters won’t be able to afford private-market units—no matter how many of them are built. In other words, the case for upzoning is relatively solid but deeply underwhelming as a standalone position. we haven’t stopped investing in new subsidized housing; the federal government devotes billions of dollars to the Low Income Housing Tax Credit, which supportsmore than 100,000 units of new and renovated affordable housing each year. But relying on tax credits has major disadvantages—private investors must take up credits, which is complicated and expensive; the government hasfailed to keep the program accountableas construction costs have risen; and subsidies are inadequateto make a large number of units affordable for families with low incomes. As a result, organizers and policymakers are advocating for new investments in mixed-income, public housing—social housing—that can serve everyone who wants or needs it. Those proposals are beginning to take shape as actual housing policy that can be implemented hand-in-hand with upzonings designed to attract more market-rate development (best complemented with rent control). YIMBY, meet PHIMBY: Public housing in my backyard. This new generation of public housing departs from earlier investments in several ways. First, it would largely be funded at the state and local level. Second, the housing is intended not just for the very poor, but rather for a wide swath of residents, which could complement public subsidies to finance more construction. After decades of retrenchment, cities like London and countries like Spain and Portugal are reinvesting in publicly owned homes.Vienna and even Singapore offer long-standing models for social housing, with the majority of each country’s population in comfortable, high-quality, public, cooperative, or otherwise subsidized homes. After decades of retrenchment, cities like London and countries like Spain and Portugal are reinvesting in publicly owned homes as well. https://slate.com/
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From the Time of Aristotle, Mankind has been plagued by 'The tragedy of the Commons......is a phenomenon described in economics and ecology in which common resources, to which access is not regulated by formal rules or fees/taxes levied based on individual use, tend to become depleted.[1][2] If users of such resources act to maximise their self-interest and do not coordinate with others to maximise the overall common good, exhaustion and even permanent destruction of the resource may result, if the number of the users and the amount they demand exceeds what is available.[3]The concept of unrestricted-access resources becoming spent, where personal use does not incur personal expense, has been discussed for millennia. Aristotle wrote that "That which is common to the greatest number gets the least amount of care. Men pay most attention to what is their own: they care less for what is common."[4] The foundation for scholarly discussion of the topic however came in an 1833 essay by British economist William Forster Lloyd.[5] Lloyd supposed that, should common land parcels shared between cattle herders in Great Britain and Ireland (known as "the commons" in Anglo-Saxon Law) come to ruin, this should be attributed to those herders that allowed more than their allocated quota of cattle to graze on them.[6][7] While it may appear economically rational to an individual to over-consume in this context as doing so bears no immediate personal cost, such common land became barren and even permanently ruined where sufficient numbers of herders engaged in such activity.[6] Although provided as a hypothetical example, according to critical scholars the commons’ destruction came about from landholders of the commons who claimed and enclosed these lands, preventing common use https://en.wikipedia.org/wiki/Tragedy_of_the_commons .......and....... If we keep abusing nature, it will collapse taking us with it. We need a new mindset.....At Cop meetings in Egypt and Canada, humanity faces two doors. Door one leads to untold misery. We have no choice but to take door two by Christiana Figueres Over the last 50 years, an ill-fated paradigm has shaped western thought and action: the “tragedy of the commons”. This is a situation in which everyone operates according to their own self-interest and ultimately depletes our shared resources. Ever since the term was first coined in 1968, we have been acting it out to its fullest with devastating consequences for our land, water and atmosphere. The climate and biodiversity crises have made it abundantly clear that we need to correct this fallacy and take care of the global commons. We all need clean air, fertile soil, thriving biodiversity and healthy oceans to survive and prosper. The temperature limits set by the Paris agreement will not be achieved without halting the conversion of intact ecosystems now, and regenerating what’s already been depleted. Much of nature is on the brink of collapse because of rising CO2 emissions, industrial farming and pollution. That’s why this year at the twin Cops – the climate Cop in Egypt, and the biodiversity Copin Canada – we need an ambitious, joined-up action that delivers on promises to cut emissions and commits to stopping and reversing catastrophic biodiversity loss and species extinction. It’s time to halt the tragedy, and focus on the necessity of the commons. Every drop of water we drink, every molecule of oxygen we breathe and every morsel of food we eat comes from nature. The evolution of the human race shows that we need nature much more than she needs us!! The major challenge in front of us is not technical or financial. What’s needed is a mindset shift. Yet changing mindsets is not mentioned in many of the excellent climate action and nature conservation roadmaps that leaders consult. It’s time we called that out.Sticking with the idea that the self-serving use of common resources is inevitable or irreversible, at a time in which deep, systemic collaboration is called for, will not deliver good results. For us to achieve a decarbonised economy in which people and nature thrive, we need action at both the local and global levels. One company or one government alone cannot make the kind of difference we need; the transformations must be systemic and exponential, and delivered with justice in mind. It’s only by changing the way we think, from competitive towards collaborative, that we will be able to work together and accelerate these efforts. This radical mindset shift would open up our horizons and allow us to seek others in our sectors, cities, neighbourhoods and regions who we can collaborate with. https://www.theguardian.com/commentisfree/2022/nov/02/nature-climate-crisis-new-mindset
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The difference between the carbon emissions of the rich and the poor within a country is now greater than the differences in emissions between countries, data shows. The finding is further evidence of the growing divide between the “polluting elite” of rich people around the world, and the relatively low responsibility for emissions among the rest of the population. It also shows there is plenty of room for the poorest in the world to increase their greenhouse gas emissions if needed to reach prosperity, if rich people globally – including some in developing countries – reduce theirs, the analysis has found. Most global climate policy has focused on the difference between developed and developing countries, and their current and historical responsibility for greenhouse gas emissions. But a growing body of work suggests that a “polluting elite” of those on the highest incomes globally are vastly outweighing the emissions of the poor. This has profound consequences for climate action, as it shows that people on low incomes within developed countries are contributing less to the climate crisis, while rich people in developing countries have much bigger carbon footprints than was previously acknowledged. In a report entitled Climate Inequality Report 2023, economists from the World Inequality Lab dissect where carbon emissions are currently coming from. The World Inequality Lab is co-directed by the influential economist Thomas Piketty, the author of Capital in the Twenty-first Century, whose work following the financial crisis more than a decade ago helped to popularise the idea of “the 1%”, a global high-income group whose interests are favoured by current economic systems. The report found that “carbon inequalities within countries now appear to be greater than carbon inequalities between countries. The consumption and investment patterns of a relatively small group of the population directly or indirectly contribute disproportionately to greenhouse gases. While cross-country emission inequalities remain sizeable, overall inequality in global emissions is now mostly explained by within-country inequalities by some indicators.” The report also found that although overseas climate aid – a key focus of the recent Cop27 climate negotiations – would be needed to help developing countries reduce their emissions, it would not be enough and developing countries also needed to reform their domestic tax systems to redistribute more from the wealthy. The authors suggest windfall taxes on excess profits could help to fund low-carbon investment, as well as progressive taxation in countries, including developing countries, which often under-tax rich citizens and companies. https://www.theguardian.com/
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- Written by: Glenn and Rick
- Category: Equality & Governance
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The difference between the carbon emissions of the rich and the poor within a country is now greater than the differences in emissions between countries, data shows. The finding is further evidence of the growing divide between the “polluting elite” of rich people around the world, and the relatively low responsibility for emissions among the rest of the population. It also shows there is plenty of room for the poorest in the world to increase their greenhouse gas emissions if needed to reach prosperity, if rich people globally – including some in developing countries – reduce theirs, the analysis has found. Most global climate policy has focused on the difference between developed and developing countries, and their current and historical responsibility for greenhouse gas emissions. But a growing body of work suggests that a “polluting elite” of those on the highest incomes globally are vastly outweighing the emissions of the poor. This has profound consequences for climate action, as it shows that people on low incomes within developed countries are contributing less to the climate crisis, while rich people in developing countries have much bigger carbon footprints than was previously acknowledged. In a report entitled Climate Inequality Report 2023, economists from the World Inequality Lab dissect where carbon emissions are currently coming from. The World Inequality Lab is co-directed by the influential economist Thomas Piketty, the author of Capital in the Twenty-first Century, whose work following the financial crisis more than a decade ago helped to popularise the idea of “the 1%”, a global high-income group whose interests are favoured by current economic systems. The report found that “carbon inequalities within countries now appear to be greater than carbon inequalities between countries. The consumption and investment patterns of a relatively small group of the population directly or indirectly contribute disproportionately to greenhouse gases. While cross-country emission inequalities remain sizeable, overall inequality in global emissions is now mostly explained by within-country inequalities by some indicators.” The report also found that although overseas climate aid – a key focus of the recent Cop27 climate negotiations – would be needed to help developing countries reduce their emissions, it would not be enough and developing countries also needed to reform their domestic tax systems to redistribute more from the wealthy. The authors suggest windfall taxes on excess profits could help to fund low-carbon investment, as well as progressive taxation in countries, including developing countries, which often under-tax rich citizens and companies. https://www.theguardian.com/environment/2023/jan/31/emissions-divide-now-greater-within-countries-than-between-them-study
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