WHY ARE WE WAITING? The Logic, Urgency, and Promise of Tackling Climate Change Nicholas Stern Richard Layard, M.P. (Fwd.) Cambridge: The MIT Press, April 2015 |
Rating: 5.0 High |
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ISBN-13 978-0-262-02918-6 | ||||
ISBN-10 0-262-02918-9 | 406pp. | HC/GSI | $27.95 |
Tracking progress on mitigating the effects of climate change begins with tracking the carbon dioxide emissions of nations. This can be a frustrating endeavor. First, not all nations report their data, and those that do may not be accurate. Second, reporting requirements differ from nation to nation and from year to year. And third, some interests (e.g. fossil fuel producers and distributors) have incentives to understate these numbers.
All that said, however, I attempt to provide here some tables of carbon-dioxide-equivalent emissions data by country.
This first table seems to give data for CO2 only.
Country or Region |
GHG Emissions | Change in GHG Emissions (%) |
Share of World Total (%) | ||
---|---|---|---|---|---|
2005 | 2018 | 2005 | 2018 | ||
Source: Annex A to https://www.canada.ca/content/dam/eccc/documents/pdf/cesindicators/global-ghg-emissions/2021/global-greehouse-gas-emissions-en.pdf | |||||
China | 7,194 | 12,355 | 71.7 | 18.6 | 26.0 |
United States | 6,802 | 6,024 | -11.4 | 17.6 | 12.7 |
European Union (EU27) | 4,288 | 3,567 | -16.8 | 11.1 | 7.5 |
India | 1,970 | 3,375 | 71.3 | 5.1 | 7.1 |
Russian Federation | 2,373 | 2,543 | 7.2 | 6.1 | 5.3 |
Japan | 1,284 | 1,187 | -7.6 | 3.3 | 2.5 |
Brazil | 889 | 1,033 | 16.0 | 2.3 | 2.2 |
Indonesia | 703 | 970 | 37.9 | 1.8 | 2.0 |
Iran | 613 | 828 | 35.1 | 1.6 | 1.7 |
Canada | 705 | 725 | 2.8 | 1.8 | 1.5 |
Rest of World | 11,847 | 14,946 | 26.2 | 30.6 | 31.4 |
World | 38,669 | 47,552 | 23.0 | 100.0 | 100.0 |
The natural gas produced along with petroleum, or from hydraulic fracturing ("fracking"), which is mostly methane, has contributed to net reductions in greenhouse gas (GHG) emissions in the U.S. in recent years. However, methane is an even more potent GHG than carbon dioxide. The question, then, is how much methane leaks into the atmosphere from U.S. oil and gas facilities.
A 2018 study found that much more is leaking annually than even the EPA understood.
One way to quantify the magnitude of the methane leakage is to divide the amount of methane emitted each year by the total amount of methane pumped out of the ground each year from natural gas and oil wells. The EPA currently estimates this methane leak rate to be 1.4 percent. That is, for every cubic foot of natural gas drawn from underground reservoirs, 1.4 percent of it is lost into the atmosphere. *
* * All told, based on the results of the new study, the U.S. oil and gas industry is leaking 13 million metric tons of methane each year, which means the methane leak rate is 2.3 percent. This 60 percent difference between our new estimate and the EPA's current one can have profound climate consequences. Methane is a highly potent greenhouse gas, with more than 80 times the climate warming impact of carbon dioxide over the first 20 years after it is released. An earlier EDF study showed that a methane leak rate of greater than 3 percent would result in no immediate climate benefits from retiring coal-fired power plants in favor of natural gas power plants. That means even with a 2.3 percent leakage rate, the growing share of U.S. electricity powered by natural gas is doing something to slow the pace of climate change. However, these climate benefits could be far greater. – See URL below. |
Let's look at price. The spot price of natural gas varies greatly, but in March 2022 is was $4.90 per million BTU. Now, 13 million metric tons equates to $$2,618,197,400 by my figuring. I could be off by 10 percent. But that number looks to me like it represents a potential profit that any industry would want to capture.
This second one gives CO2e, or carbon dioxide equivalent — accounting for CO2 and all other greenhouse gases. It comes from the source Lord Stern cites in his book.
Country | Tonnes CO2eq. (Millions) | |||
---|---|---|---|---|
1990 | 2000 | 2010 | 2018 | |
Source: https://www.climatewatchdata.org/ghg-emissions?end_year=2018&start_year=1990 | ||||
China | 2,874 | 4,250 | 9,872 | 11,706 |
United States | 5,543 | 6,446 | 6,042 | 5,794 |
India | 1,009 | 1,498 | 2,577 | 3,347 |
Russia | 2,885 | 1,831 | 1,691 | 1,992 |
Indonesia | 1,257 | 1,192 | 1,125 | 1,704 |
Brazil | 1,642 | 1,807 | 2,105 | 1,421 |
Japan | 1,109 | 1,199 | 1,130 | 1,155 |
Iran | 241 | 446 | 699 | 828 |
Germany | 1,109 | 925 | 863 | 777 |
Canada | 626 | 740 | 976 | 763 |
United Kingdom | 746 | 674 | 584 | 441 |
Australia | 558 | 662 | 601 | 619 |
Mexico | 417 | 559 | 584 | 695 |
Congo | 435 | 427 | 444 | 682 |
South Korea | 244 | 469 | 586 | 673 |
Saudi Arabia | 191 | 292 | 515 | 638 |
Italy | 457 | 488 | 451 | 387 |
France | 478 | 484 | 404 | 361 |
Poland | 429 | 359 | 320 | 357 |
Ukraine | 874 | 385 | 345 | 262 |
Third, I reproduce this table from the book as a crosscheck. My point is to illustrate the difficulties in arriving at a uniform set of emissions numbers for all countries, in all years of interest.
Country | Tonnes CO2eq. (billions) | Share of World Total (%) |
---|---|---|
Source: Stern, Table 9-1, page 283 | ||
China | 10.08 | 21.37% |
United States | 6.77 | 14.36% |
EU27 | 4.82 | 10.22% |
Russia | 2.32 | 4.91% |
India | 2.30 | 4.88% |
Brazil | 2.14 | 4.53% |
Japan | 1.30 | 2.75% |
Indonesia | 1.17 | 2.48% |
Beyond tracking emissions lies the question of allocating reduction targets fairly.
It is clear that reduction on the necessary scale—to cut emissions by a factor of 2.5 in the next four decades (from global emissions of around 50 billion tonnes CO2e in 2010 to below 20 billion tonnes CO2e, and from around 7 tonnes per capita on average in 2010 to around 2 tonnes CO2e per capita)—requires all countries to be involved: it is not a task that any country can do alone. If, in 2050, 2.5 billion people (the likely population of China, the US, and the EU) of the around 9 billion people were on average emitting 8 tonnes per capita, then the other 6.5 billion would have to be emitting below zero on average. At present, the US emits around 20 tonnes per capita and China is likely around 9 and rising. Looked at from another angle, if India and Africa, likely to be around 3 billion people or more in 2050, were at 7 tonnes per capita, quite likely on current trajectories, the other 6 billion or so of the world's population, including China, the US, and the EU, would have to be at zero or below. These calculations are not morally or economically prescriptive. They take no account of the history of emissions or of income per capita. They simply illustrate the immensely important quantitative point that the scale of the necessary change is such that all countries must be involved in strong cutbacks of emissions. We shall argue that this can and must be consistent with overcoming poverty and with development and growth. That is the recurrent theme of this book. – Page 40 |
Finally, the world faces the problem of which low-carbon technologies to embrace or discard. It is not an easy question to answer.
Embracing a broad range of technologies for the transition makes sense. We cannot predict with certainty how costs will change. Different technologies provide different energy profiles—for example, nuclear provides primarily base load—and contribute to a system in different ways. Ruling out technologies may turn out to raise costs of the transition in the longer run and increase vulnerabilities. A portfolio approach seems wise. But support for some low-carbon technologies can change, as can perception of their risk. The Fukushima Daiichi nuclear disaster in 2011 shifted public perceptions on nuclear power across the world, with major adjustments to energy policy in some countries in the weeks and months following. Public opposition to nuclear energy in Italy and Germany strengthened considerably; Germany decided to close several older nuclear plants immediately and committed to a total phase-out of nuclear by 2022. In Italy, a referendum on nuclear energy was held just months after Fukushima, with 94% of the electorate (in a high voter turnout of around 55%) voting for a ban on construction of new plants. Evidence suggests that changes in attitudes and perceptions following events like Fukushima may be temporary. Whether opposition proves to be temporary or persistent, rapid policy adjustments caused by such events may have wide-ranging and often unexpected implications. Germany's policy shift has seen greater coal use. And as more nuclear plants shut over the coming years, it is likely that coal will fill a large part of the gap, with 12 new plants planned by 20202. The lesson is that a relatively rapid phasing-out of low-carbon plant (here nuclear) has significant implications, with, in Germany's case, increasing emissions and possible medium- or long-term lock-in to unabated coal. – Page 124 |