Jan 27th 2014

Deep Decarbonization

by Jeffrey D. Sachs

 

Jeffrey D. Sachs, University Professor at Columbia University, is Director of the Center for Sustainable Development at Columbia University and President of the UN Sustainable Development Solutions Network.

NEW YORK – Have a look at what happened around the world this past month. Australia’s heat wave filled headlines when temperatures reaching 45° Celsius disrupted the Australian Open tennis tournament. California’s extreme drought forced the governor to declare a state of emergency. Major floods in Indonesia killed dozens and displaced tens of thousands. Beijing’s coal-induced smog forced people to stay in their homes, closed highways, and diverted flights. Such events are daily warnings to the world: wake up before it is too late.

We have entered the Age of Sustainable Development. Either we make peace with the planet, or we destroy our hard-won prosperity. The choice seems obvious, but our actions speak louder than words. Humanity continues on a path of ruin, driven by short-term greed and ignorance.

Much (though not all) of the global environmental crisis stems from the world’s fossil-fuel-based energy system. More than 80% of all primary energy in the world comes from coal, oil, and gas. When these fossil fuels are burned, they emit carbon dioxide, which in turn changes the Earth’s climate. The basic physics has been known for more than a century.

Unfortunately, a few oil companies (ExxonMobil and Koch Industries are the most notorious) have devoted enormous resources to sowing confusion even where there is clear scientific consensus. But, in order to save the planet we know, and to preserve the world’s food supply and the well-being of future generations, there is no alternative to shifting to a new, low-carbon energy system.

There are three parts to this transition. The first is improved energy efficiency, meaning that we should use much less energy to achieve the same level of well-being. For example, we can design our buildings to use sunlight and natural-air circulation so that they require far less commercial energy for heating, cooling, and ventilation.

Second, we need to shift to solar, wind, hydro, nuclear, geothermal, and other forms of energy that are not based on fossil fuels. The technology exists to use these alternatives safely, affordably, and at a scale large enough to replace almost all of the coal, and much of the oil, that we use today. Only natural gas (the cleanest-burning fossil fuel) would remain a significant source of energy by mid-century.

Finally, to the extent that we continue to rely on fossil fuels, we must capture the resulting CO2 emissions at power plants before they escape into the atmosphere. The captured CO2 would then be injected underground or under the ocean floor for safe long-term storage. Carbon capture and sequestration (CCS) is already being used successfully on a very small scale (mainly to enhance oil recovery in depleted wells). If (and only if) it proves successful for large-scale use, coal-dependent countries like China, India, and the United States could continue to use their reserves.

American politicians have proved to be incapable of designing policies to shift the US to low-carbon energy use. Such policies would include a rising tax on CO2 emissions, large-scale research-and-development efforts in low-carbon technologies, a shift to electric vehicles, and regulations to phase out all coal-fired power plants except those that install CCS.

Yet politicians are pursuing none of these policies adequately. Climate-change foes have spent billions of dollars to influence policymakers, support election campaigns by defenders of fossil fuels, and defeat candidates who dare to promote clean energy. The Republican Party as a whole attracts massive financial support from opponents of decarbonization, and these donors aggressively fight even the smallest step toward renewable energy. For their part, many Democratic members of the US Congress are also in the pro-fossil-fuel camp.

A few big players in the energy industry, showing no concern for truth (much less for our children, who will bear the consequences of our present folly), have teamed up with Rupert Murdoch. Indeed, Murdoch, the Koch Brothers, and their allies behave just like Big Tobacco in denying scientific truths; even use the same experts for hire.

The situation is generally the same around the world. Wherever powerful lobbies defend existing coal or oil interests, politicians typically are afraid to tell the truth about the need for low-carbon energy. Brave politicians who do tell the truth about climate change are found mainly in countries that do not have a powerful fossil-fuel lobby.

Consider the fate of one courageous exception to this rule. Kevin Rudd, the former Australian prime minister, tried to implement a clean-energy policy in his coal-producing country. Rudd was defeated in his re-election bid by a candidate whose backing from an alliance of Murdoch and coal companies enabled him to outspend Rudd by a huge margin. Murdoch’s tabloids pump out anti-scientific propaganda opposing climate-change policies not only in Australia, but also in the US and elsewhere.

The reason all of this matters is that the path to deep decarbonization is open to us. Yet time is very short. The world needs to stop building new coal-fired power plants (except those that implement CCS) and to shift to low-carbon electricity. It needs to phase out the internal combustion engine for almost all new passenger vehicles by around 2030, shifting to vehicles powered by electricity. And it needs to adopt energy-saving technologies that consume less commercial energy. The technologies are available and will get better and cheaper with use, if only fossil-fuel lobbies can be held at bay.

If this happens, people around the world will discover something wonderful. Not only will they have saved the planet for the next generation; they will also enjoy sunshine and clean, healthy air. And they will ask what took so long when the Earth itself was at dire risk.



Copyright: Project Syndicate, 2014.
www.project-syndicate.org

 


This article is brought to you by Project Syndicate that is a not for profit organization.

Project Syndicate brings original, engaging, and thought-provoking commentaries by esteemed leaders and thinkers from around the world to readers everywhere. By offering incisive perspectives on our changing world from those who are shaping its economics, politics, science, and culture, Project Syndicate has created an unrivalled venue for informed public debate. Please see: www.project-syndicate.org.

Should you want to support Project Syndicate you can do it by using the PayPal icon below. Your donation is paid to Project Syndicate in full after PayPal has deducted its transaction fee. Facts & Arts neither receives information about your donation nor a commission.

 

 

Browse articles by author

More Current Affairs

Apr 13th 2024
EXTRACT: "That said, even if Europe were to improve its deterrence capabilities, it would be unwise to assume that leaders necessarily make rational decisions. In her 1984 book The March of Folly, historian Barbara Tuchman observes that political leaders frequently act against their own interests. America’s disastrous wars in the Middle East, the Soviet Union’s ill-fated campaign in Afghanistan, and the ongoing war of blind hatred between Israel and Hamas in Gaza, with its potential to escalate into a larger regional conflict, are prime examples of such missteps. As Tuchman notes, the march of folly is never-ending. That is precisely why Europe must prepare itself for an era of heightened vigilance."
Apr 13th 2024
EXTRACTS: " Nathan Cofnas is a research fellow in the Faculty of Philosophy at the University of Cambridge. His research is supported by a grant from the Leverhulme Trust. He is also a college research associate at Emmanuel College. Working at the intersection of science and philosophy, he has published several papers in leading peer-reviewed journals. He also writes popular articles and posts on Substack. In January, Cofnas published a post called “Why We Need to Talk about the Right’s Stupidity Problem.” No one at Cambridge seems to have been bothered by his argument that people on the political right have, on average, lower intelligence than those on the left." ---- "The academic world will be watching what happens. Were the University of Cambridge to dismiss Cofnas, it would sound a warning to students and academics everywhere: when it comes to controversial topics, even the world’s most renowned universities can no longer be relied upon to stand by their commitment to defend freedom of thought and discussion."
Apr 13th 2024
EXTRACTS: "Word has been sent down from on high that there is room for only “good stories of China.” Anyone who raises questions about problems, or even challenges, faces exclusion from the public sessions. That was certainly true for me." ----- " But my admiration for the Chinese people and the extraordinary transformation of China’s economy over the past 45 years persists. I still disagree with the consensus view in the West that the Chinese miracle was always doomed to fail. Moreover, I remain highly critical of America’s virulent Sinophobia, while maintaining the view that China faces serious structural growth challenges. And I continue to believe that US-China codependency offers a recipe for mutually beneficial conflict resolution. My agenda remains analytically driven, not politically motivated."
Apr 11th 2024
EXTRACTS: "The insurrection began just after 8 p.m. on November 8, 1923, when Hitler and his followers burst into a political rally and held the crowd hostage. ---- The Nazi attempt to seize power ended the following morning, ---- After two and a half days in hiding, Germany’s most wanted man was discovered ----- Hitler was charged with treason, and his trial began on February 26, 1924. ---- .....the judge, having found Hitler guilty, imposed the minimum sentence....That miscarriage of justice was facilitated by the trial’s location in the anti-democratic south, and by the role of the presiding judge, Georg Neithardt, a conservative who was happy to allow Hitler to use his court as a platform to attack the Republic. ----- Like Hitler in 1924, Trump is using the courtroom as a stage on which to present himself as the victim, arguing that a crooked 'deep state' is out to get him."
Apr 9th 2024
EXTRACTS: "If Kennedy’s emphasis on healing suggests someone who has been through “recovery,” that is because he has. Following the trauma of losing both his father and his uncle to assassins’ bullets, Kennedy battled, and ultimately overcame, an addiction to heroin. Like Kennedy, Shanahan also appears to be channeling personal affliction. She describes grappling with infertility, as well as the difficulties associated with raising her five-year-old daughter, Echo, who suffers from autism," ----- "Armed with paranoid conspiracy theories about America’s descent into chronic sickness, loneliness, and depression, Kennedy has heedlessly spread lies about the putative dangers of life-saving vaccines while mouthing platitudes about resilience and healing. To all appearances, he remains caught in a twisted fantasy that he just might be the one who will realize his father’s idealistic dreams of a better America."
Mar 18th 2024
EXTRACT: "....the UK’s current economic woes – falling exports, slowing growth, low productivity, high taxes, and strained public finances – underscore the urgency of confronting Brexit’s catastrophic consequences."
Mar 18th 2024
EXTRACTS: Most significant of all, Russia’s Black Sea fleet has suffered significant losses over the past two years. As a result of these Ukrainian successes, the Kremlin decided to relocate the Black Sea fleet from Sevastopol to Novorossiysk on the Russian mainland. Compare that with the situation prior to the annexation of Crimea in 2014 when Russia had a secure lease on the naval base of Sevastopol until 2042." --- "Ukrainian efforts have clearly demonstrated, however, that the Kremlin’s, and Putin’s personal, commitment may not be enough to secure Russia’s hold forever. Kyiv’s western partners would do well to remember that among the spreading gloom over the trajectory of the war."
Mar 8th 2024
EXTRACT: "As the saying goes, 'It’s the economy, stupid.' Trump’s proposed economic-policy agenda is now the greatest threat to economies and markets around the world."
Mar 8th 2024
EXTRACT: "Russia, of course, brought all these problems on itself. It most certainly is not winning the war, either militarily or on the economic front. Ukraine is recovering from the initial shock, and if robust foreign assistance continues, it will have an upper hand in the war of attrition."
Mar 8th 2024
EXTRACT: "...... with good timing and good luck, enabled Trump to defeat [in 2016] political icon Hillary Clinton in a race that appeared tailor-made for her. But contrary to what Trump might claim, his victory was extremely narrow. In fact, he lost the popular vote by 2.8 million votes – a larger margin than any other US president in history. Since then, Trump has proved toxic at the ballot box. " -----"The old wisdom that 'demographics is destiny' – coined by the French philosopher Auguste Comte – may well be more relevant to the outcome than it has been to any previous presidential election. "----- "Between the 2016 and 2024 elections, some 20 million older voters will have died, and about 32 million younger Americans will have reached voting age. Many young voters disdain both parties, and Republicans are actively recruiting (mostly white men) on college campuses. But the issues that are dearest to Gen Z’s heart – such as reproductive rights, democracy, and the environment – will keep most of them voting Democratic."
Mar 8th 2024
EXTRACTS: "How can America’s fundamentalist Christians be so enthusiastic about so thoroughly un-Christian a politician?" ---- "If you see and think outside the hermeneutic code of Christian fundamentalism, you might be forgiven for viewing Trump as a ruthless, wholly self-interested man intent on maximizing power, wealth, and carnal pleasure. What your spiritual blindness prevents you from seeing is how the Holy Spirit uses him – channeling the 'secret power of lawlessness,' as the Book of 2 Thessalonians describes it – to restrain the advent of ultimate evil, or to produce something immeasurably greater: the eschaton (end of history), when the messiah comes again."
Mar 1st 2024
EXTRACT: "The lesson is that laws and regulatory structures are critical to state activities that produce local-level benefits. If citizens are to push for reforms and interventions that increase efficiency, promote inclusion, and enable entrepreneurship, innovation, and long-term growth, they need to recognize this. The kind of effective civil society Nilekani envisions thus requires civic engagement, empowerment, and education, including an understanding of the rights and responsibilities implied by citizenship."
Feb 9th 2024
EXTRACT: "Despite the widespread belief that the global economy is headed for a soft landing, recent trends offer little cause for optimism."
Feb 9th 2024
EXTRACT: " Consider, for example, the ongoing revolution in robotics and automation, which will soon lead to the development of robots with human-like features that can learn and multitask the way we do. Or consider what AI will do for biotech, medicine, and ultimately human health and lifespans. No less intriguing are the developments in quantum computing, which will eventually merge with AI to produce advanced cryptography and cybersecurity applications."
Feb 9th 2024
EXTRACTS: "The implication is clear. If Hamas is toppled, and there is no legitimate Palestinian political authority capable of filling the vacuum it leaves behind, Israel will probably find itself in a new kind of hell." ----- "As long as the PLO fails to co-opt Hamas into the political process, it will be impossible to establish a legitimate Palestinian government in post-conflict Gaza, let alone achieve the dream of Palestinian statehood. This is bad news for both Israelis and Palestinians. But it serves Netanyahu and his coalition of extremists just fine."
Jan 28th 2024
EXTRACTS: "According to estimates by the United Nations, China’s working-age population peaked in 2015 and will decline by nearly 220 million by 2049. Basic economics tells us that maintaining steady GDP growth with fewer workers requires extracting more value-added from each one, meaning that productivity growth is vital. But with China now drawing more support from low-productivity state-owned enterprises, and with the higher-productivity private sector remaining under intense regulatory pressure, the prospects for an acceleration of productivity growth appear dim."
Jan 28th 2024
EXTRACT: "When Chamberlain negotiated the notorious Munich agreement with Hitler in September 1938, The Times did not oppose the transfer of the Sudetenland to Germany without Czech consent. Instead, Britain’s most prestigious establishment broadsheet declared that: “The volume of applause for Mr Chamberlain, which continues to grow throughout the globe, registers a popular judgement that neither politicians nor historians are likely to reverse.” "
Jan 4th 2024
EXTRACTS: "Another Trump presidency, however, represents the greatest threat to global stability, because the fate of liberal democracy would be entrusted to a leader who attacks its fundamental principles." ------"While European countries have relied too heavily on US security guarantees, America has been the greatest beneficiary of the post-war political and economic order. By persuading much of the world to embrace the principles of liberal democracy (at least rhetorically), the US expanded its global influence and established itself as the world’s “shining city on a hill.” Given China and Russia’s growing assertiveness, it is not an exaggeration to say that the rules-based international order might not survive a second Trump term."
Dec 28th 2023
EXTRACT: "For the most vulnerable countries, we must create conditions that enable them to finance their climate-change mitigation" ........ "The results are already there: in two years, following the initiative we took in Paris in the spring of 2021, we have released over $100 billion in special drawing rights (SDRs, the International Monetary Fund’s reserve asset) for vulnerable countries.By activating this “dormant asset,” we are extending 20-year loans at near-zero interest rates to finance climate action and pandemic preparedness in the poorest countries. We have begun to change debt rules to suspend payments for such countries, should a climate shock occur. And we have changed the mandate of multilateral development banks, such as the World Bank, so that they take more risks and mobilize more private money."
Dec 27th 2023
EXTRACT: "....if AI causes truly catastrophic increases in inequality – say, if the top 1% were to receive all pretax income – there might be limits to what tax reforms could accomplish. Consider a country where the top 1% earns 20% of pretax income – roughly the current world average. If, owing to AI, this group eventually received all pretax income, it would need to be taxed at a rate of 80%, with the revenue redistributed as tax credits to the 99%, just to achieve today’s pretax income distribution; funding the government and achieving today’s post-tax income distribution would require an even higher rate. Given that such high rates could discourage work, we would likely have to settle for partial inequality insurance, analogous to having a deductible on a conventional insurance policy to reduce moral hazard."