We must embrace the positive developments so that we can build effectively from them, the progressive economist argues.
As the climate warms, conditions once experienced only in saunas and deep mineshafts are rapidly becoming the open-air reality for hundreds of millions of people, who have no escape to air conditioning or cooler climes. After a few hours with humid heat above 95° F — a measure known as the wet-bulb temperature — even healthy people with unlimited shade and water will die of heatstroke. For those carrying out physical labor, the threshold is closer to 88° F or even lower.
By far, the major driver of rising global temperatures is burning fossil fuels — oil, coal and natural gas — to produce energy. Therefore, the first and most important task for fighting global warming must be, simply, to stop burning oil, coal and natural gas to produce energy.is correct that 2022 brought a series of devastating setbacks on this front.
Coal was also revived in 2022. This was due in part to the natural gas shortages created in Europe by the Ukraine war. But the largest increases in coal consumption were not due to the war, but rather to the continued increases in consumption in India and especially China. China now accounts for aboutThese developments led Chevron’s chief executive Mike Wirth to triumphantly pronounce that, “The reality is [fossil fuel] is what runs the world today.
Amid this, where can we possibly also see significant positive developments? We can start in the U.S., with the enactment of the Inflation Reduction Act last August. The law is deliberately misnamed. It is mostly a measure to channel large-scale financing into clean energy investments. But the Biden administration couldn’t openly advertise this fact without losing the support of West Virginia Sen. Joe Manchin.
in the last three months of 2022 to $40 billion, equal to the total level of such investments for all of 2021. Moreover, most of this new investment money has been flowing into Republican-dominated states, where, as the
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