This Changes Everything: Capitalism vs. The Climate
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Major cities will very likely drown, ancient cultures will be swallowed by the seas, and there is a very high chance that our children will spend a great deal of their lives fleeing and recovering from vicious storms and extreme droughts. And we don’t have to do anything to bring about this future. All we have to do is nothing.
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Of course a Marshall Plan for the Earth would be very costly—hundreds of billions if not trillions of dollars
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Slavery wasn’t a crisis for British and American elites until abolitionism turned it into one. Racial discrimination wasn’t a crisis until the civil rights movement turned it into one. Sex discrimination wasn’t a crisis until feminism turned it into one. Apartheid wasn’t a crisis until the anti-apartheid movement turned it into one.
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As I discussed in my last book, The Shock Doctrine, over the past four decades corporate interests have systematically exploited these various forms of crisis to ram through policies that enrich a small elite—by lifting regulations, cutting social spending, and forcing large-scale privatizations of the public sphere. They have also been the excuse for extreme crackdowns on civil liberties and chilling human rights violations. And there are plenty of signs that climate change will be no exception—that, rather than sparking solutions that have a real chance of preventing catastrophic warming and ...more
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Communal forests around the world are being turned into privatized tree farms and preserves so their owners can collect something called “carbon credits,” a lucrative scam I’ll explore later. There is a booming trade in “weather futures,” allowing companies and banks to gamble on changes in the weather as if deadly disasters were a game on a Vegas craps table (between 2005 and 2006 the weather derivatives market jumped nearly fivefold, from $9.7 billion to $45.2 billion). Global reinsurance companies are making billions in profits, in part by selling new kinds of protection schemes to ...more
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Droughts and floods create all kinds of business opportunities besides a growing demand for men with guns. Between 2008 and 2010, at least 261 patents were filed related to growing “climate-ready” crops—seeds supposedly able to withstand extreme weather conditions; of these patents close to 80 percent were controlled by six agribusiness giants, including Monsanto and Syngenta.
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Finding new ways to privatize the commons and profit from disaster is what our current system is built to do; left to its own devices, it is capable of nothing else.
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Preliminary data shows that in 2013, global carbon dioxide emissions were 61 percent higher than they were in 1990, when negotiations toward a climate treaty began in earnest.
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In Copenhagen, the major polluting governments—including the United States and China—signed a nonbinding agreement pledging to keep temperatures from increasing more than 2 degrees Celsius above where they were before we started powering our economies with coal. (That converts to an increase of 3.6 degrees Fahrenheit.) This well-known target, which supposedly represents the “safe” limit of climate change, has always been a highly political choice that has more to do with minimizing economic disruption than with protecting the greatest number of people.
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When the 2 degrees target was made official in Copenhagen, there were impassioned objections from many delegates who said the goal amounted to a “death sentence” for some low-lying island states, as well as for large parts of Sub-Saharan Africa. In fact it is a very risky target for all of us: so far, temperatures have increased by just .8 degree Celsius and we are already experiencing many alarming impacts, including the unprecedented melting of the Greenland ice sheet in the summer of 2012 and the acidification of oceans far more rapidly than expected. Allowing temperatures to warm by more ...more
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In a 2012 report, the World Bank laid out the gamble implied by that target. “As global warming approaches and exceeds 2-degrees Celsius, there is a risk of triggering nonlinear tipping elements. Examples include the disintegration of the West Antarctic ice sheet leading to more rapid sea-level rise, or large-scale Amazon dieback drastically affecting ecosystems, rivers, agriculture, energy production, and livelihoods. This would further add to 21st-century global warming and impact entire continents.”15 In other words, once we allow temperatures to climb past a certain point, where the ...more
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And it’s not just environmentalists who are raising the alarm. The World Bank also warned when it released its report that “we’re on track for a 4°C warmer world [by century’s end] marked by extreme heat waves, declining global food stocks, loss of ecosystems and biodiversity, and life-threatening sea level rise.” And the report cautioned that, “there is also no certainty that adaptation to a 4°C world is possible.” Kevin Anderson, former director (now deputy director) of the Tyndall Centre for Climate Change Research, which has quickly established itself as one of the U.K.’s premier climate ...more
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We don’t know exactly what a 4 degrees Celsius world would look like, but even the best-case scenario is likely to be calamitous. Four degrees of warming could raise global sea levels by 1 or possibly even 2 meters by 2100 (and would lock in at least a few additional meters over future centuries). This would drown some island nations such as the Maldives and Tuvalu, and inundate many coastal areas from Ecuador and Brazil to the Netherlands to much of California and the northeastern United States, as well as huge swaths of South and Southeast Asia. Major cities likely in jeopardy include ...more
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Meanwhile, brutal heat waves that can kill tens of thousands of people, even in wealthy countries, would become entirely unremarkable summer events on every continent but Antarctica. The heat would also cause staple crops to suffer dramatic yield losses across the globe (it is possible that Indian wheat and U.S. corn could plummet by as much as 60 percent), this at a time when demand will be surging due to population growth and a growing demand for meat. And since crops will be facing not just heat stress but also extreme events such as wide-ranging droughts, flooding, or pest outbreaks, the ...more
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When you add ruinous hurricanes, raging wildfires, fisheries collapses, widespread disruptions to water supplies, extinctions, and globe-trotting diseases to the mix, it indeed becomes difficult to imagine that a peaceful, ordered society could be sustained (that is, where such a thing exists in the first place).
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In 2011, the usually staid International Energy Agency (IEA) issued a report projecting that we are actually on track for 6 degrees Celsius—10.8 degrees Fahrenheit—of warming. And as the IEA’s chief economist put it: “Everybody, even the school children, knows that this will have catastrophic implications for all of us.” (The evidence indicates that 6 degrees of warming is likely to set in motion several major tipping points—not only slower ones such as the aforementioned breakdown of the West Antarctic ice sheet, but possibly more abrupt ones, like massive releases of methane from Arctic ...more
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we have not done the things that are necessary to lower emissions because those things fundamentally conflict with deregulated capitalism, the reigning ideology for the entire period we have been struggling to find a way out of this crisis. We are stuck because the actions that would give us the best chance of averting catastrophe—and would benefit the vast majority—are extremely threatening to an elite minority that has a stranglehold over our economy, our political process, and most of our major media outlets.
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It was always about using these sweeping deals, as well as a range of other tools, to lock in a global policy framework that provided maximum freedom to multinational corporations to produce their goods as cheaply as possible and sell them with as few regulations as possible—while paying as little in taxes as possible.
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Even more directly, the policies that so successfully freed multinational corporations from virtually all constraints also contributed significantly to the underlying cause of global warming—rising greenhouse gas emissions.
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The numbers are striking: in the 1990s, as the market integration project ramped up, global emissions were going up an average of 1 percent a year; by the 2000s, with “emerging markets” like China now fully integrated into the world economy, emissions growth had sped up disastrously, with the annual rate of increase reaching 3.4 percent a year for much of the decade. That rapid growth rate continues to this day, interrupted only briefly in 2009 by the world financial crisis.
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Once carbon has been emitted into the atmosphere, it sticks around for hundreds of years, some of it even longer, trapping heat. The effects are cumulative, growing more severe with time. And according to emissions specialists like the Tyndall Centre’s Kevin Anderson (as well as others), so much carbon has been allowed to accumulate in the atmosphere over the past two decades that now our only hope of keeping warming below the internationally agreed-upon target of 2 degrees Celsius is for wealthy countries to cut their emissions by somewhere in the neighborhood of 8–10 percent a year.
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The “free” market simply cannot accomplish this task. Indeed, this level of emission reduction has happened only in the context of economic collapse or deep depressions.
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our economic system and our planetary system are now at war. Or, more accurately, our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction in humanity’s use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it’s not the laws of nature.
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So we are left with a stark choice: allow climate disruption to change everything about our world, or change pretty much everything about our economy to avoid that
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In 2012, twenty-one past winners of the prestigious Blue Planet Prize—a group that includes James Hansen, former director of NASA’s Goddard Institute for Space Studies, and Gro Harlem Brundtland, former prime minister of Norway—authored a landmark report. It stated that, “In the face of an absolutely unprecedented emergency, society has no choice but to take dramatic action to avert a collapse of civilization. Either we will change our ways and build an entirely new kind of global society, or they will be changed for us.”
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The International Energy Agency warns that if we do not get our emissions under control by a rather terrifying 2017, our fossil fuel economy will “lock-in” extremely dangerous warming. “The energy-related infrastructure then in place will generate all the CO2 emissions allowed” in our carbon budget for limiting warming to 2 degrees Celsius—“leaving no room for additional power plants, factories and other infrastructure unless they are zero-carbon, which would be extremely costly.” This assumes, probably accurately, that governments would be unwilling to force the closure of still-profitable ...more
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changed—one woman described killing a moose on a hunting trip only to find that the flesh had already turned green. I heard a lot about strange tumors too, which locals assumed had to do with the animals drinking water contaminated by tar sands toxins.
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“Rapid Climate Changes Turn North Woods into Moose Graveyard,” reads a May 2012 headline in Scientific American.
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A year and a half later, The New York Times was reporting that one of Minnesota’s two moose populations had declined from four thousand in the 1990s to just one hundred
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some 100,000 dead and dying bats raining down from the sky in the midst of record-breaking heat across part of Queensland, Australia. Whole colonies
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But in the fall of 2013, stories began to appear about a strange wasting disease that was causing starfish along the Pacific Coast to die by the tens of thousands. Termed the “sea star wasting syndrome,” multiple species were disintegrating alive, their vibrant bodies melting into distorted globs, with legs falling off and bodies caving in. Scientists were
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the world’s leading authority on climate change, the United Nations’ Intergovernmental Panel on Climate Change (IPCC), a collaboration of thousands of scientists and 195 governments.
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A 2013 study by Riley Dunlap and political scientist Peter Jacques found that a striking 72 percent of climate denial books, mostly published since the 1990s, were linked to right-wing think tanks, a figure that rises to 87 percent if self-published books (increasingly common) are excluded.23 Many of these institutions were created in the late 1960s and early 1970s, when U.S. business elites feared that public opinion was turning dangerously against capitalism and toward, if not socialism, then an aggressive Keynesianism. In response, they launched a counterrevolution, a richly funded ...more
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Under this liberationist banner, they fought for such policies as tax cuts, free trade deals, for the auctioning off of core state assets from phones to energy to water—the package known in most of the world as “neoliberalism.”
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And there is also the matter of “global equity” that keeps coming up in the climate negotiations. The equity debate is based on the simple scientific fact that global warming is caused by the accumulation of greenhouse gases in the atmosphere over two centuries. That means that the countries that got a large head start on industrialization have done a great deal more emitting than most others. And yet many of the countries that have emitted least are getting hit by the impacts of climate change first and worst (the result of geographical bad luck as well as the particular vulnerabilities ...more
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And that is what is behind the abrupt rise in climate change denial among hardcore conservatives: they have come to understand that as soon as they admit that climate change is real, they will lose the central ideological battle of our time—whether we need to plan and manage our societies to reflect our goals and values, or whether that task can be left to the magic of the market.
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Climate change detonates the ideological scaffolding on which contemporary conservatism rests. A belief system that vilifies collective action and declares war on all corporate regulation and all things public simply cannot be reconciled with a problem that demands collective action on an unprecedented scale and a dramatic reining in of the market forces that are largely responsible for creating and deepening the crisis.
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In 2012, the Heartland Institute even landed itself in hot water by running a billboard campaign that compared people who believe in climate change (“warmists” in denialist lingo) to murderous cult leader Charles Manson and Unabomber Ted Kaczynski. “I still believe in Global Warming. Do you?” the first ad demanded in bold red letters under a picture of Kaczynski. For Heartlanders, denying climate science is part of a war, and they act like it.
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As British blogger and regular Heartland speaker James Delingpole has pointed out, “Modern environmentalism successfully advances many of the causes dear to the left: redistribution of wealth, higher taxes, greater government intervention, regulation.”
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Bast, who has little of the swagger common to so many denialists, is equally honest about the fact he and his colleagues did not become engaged with climate issues because they found flaws in the scientific facts. Rather, they became alarmed about the economic and political implications of those facts and set out to disprove them.
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So here’s my inconvenient truth: I think these hard-core ideologues understand the real significance of climate change better than most of the “warmists” in the political center, the ones who are still insisting that the response can be gradual and painless and that we don’t need to go to war with anybody, including the fossil fuel companies. Before I go any further, let me be absolutely clear: as 97 percent of the world’s climate scientists attest, the Heartlanders are completely wrong about the science. But when it comes to the political and economic consequences of those scientific ...more
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The ties between the deniers and those interests are well known and well documented. Heartland has received more than $1 million from ExxonMobil together with foundations linked to the Koch brothers and the late conservative funder Richard Mellon Scaife. Just how much money the think tank receives from companies, foundations, and individuals linked to the fossil fuel industry remains unclear because Heartland does not publish the names of its donors, claiming the information would distract from the “merits of our positions.” Indeed, leaked internal documents revealed that one of Heartland’s ...more
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To cite just two examples, the Cato Institute’s Patrick Michaels, who gave the 2011 conference keynote, once told CNN that 40 percent of his consulting company’s income comes from oil companies (Cato itself has received funding from ExxonMobil and Koch family foundations). A Greenpeace investigation into another conference speaker, astrophysicist Willie Soon, found that between 2002 and 2010, 100 percent of his new research grants had come from fossil fuel interests.
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The people paid to amplify the views of these scientists—in blogs, op-eds, and television appearances—are bankrolled by many of the same sources.
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A February 2013 report in The Guardian revealed that between 2002 and 2010, a network of anonymous U.S. billionaires had donated nearly $120 million to “groups casting doubt about the science behind climate change . . . the ready stream of cash set off a conservative backlash against Barack Obama’s environmental agenda that wrecked any chance of Congress taking action on climate change.”
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the only parts of the U.S. where opinions about climate change are slightly less split along political lines are regions that are highly dependent on fossil fuel extraction—such as Appalachian coal country and the Gulf Coast. There, Republicans still overwhelmingly deny climate change, as they do across the country, but many of their Democratic neighbors do as well (in parts of Appalachia, just 49 percent of Democrats believe in human-created climate change, compared with 72–77 percent in other parts of the country).
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Canada has the same kinds of regional splits: in Alberta, where incomes are soaring thanks to the tar sands, only 41 percent of residents told pollsters that humans are contributing to climate change. In Atlantic Canada, which has seen far less extravagant benefits from fossil fuel extraction, 68 percent of respondents say that humans are warming the planet.35 A similar bias can be observed among scientists. While 97 percent of active climate scientists believe humans are a major cause of climate change, the numbers are radically different among “economic geologists”—scientists who study ...more
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When heat stress and vicious storms wipe out small farms and fishing villages, the land will be handed over to large developers for mega-ports, luxury resorts, and industrial farms. Once self-sufficient rural residents will lose their lands and be urged to move into increasingly crowded urban slums—for their own protection, they will be told.
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Drought and famine will continue to be used as pretexts to push genetically modified seeds, driving farmers further into debt.
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Yet rather than compete for the best, most effective supports for green energy, the biggest emitters in the world are rushing to the WTO to knock down each other’s windmills.
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