Trees Really Are as Close to a Panacea as it gets

Forests offer a wide range of benefits. It is hard to overestimate the power of trees to improve our world.  They are an important part of the solution to the climate crisis and they are one of the most powerful tools we have to combat air pollution.

The 3 trillion trees in the world today combat climate change by sequestering 400 gigatons or about a quarter of the carbon humans produce each year. A single tree can reduce particulate matter air pollution by 24 percent. They not only clean the air they also clean both water and soil. They protect fresh water and they enrich the earth.

Summary of Recent Reports on the Costs of Climate Action/Inaction

Reports are coming in that make it hard to ignore the economic benefits of action on climate change. This includes recent reports from Citi the world's third largest bank and the London School of Economics, one of the most prestigious and respected schools in the world.

In April 2015 the World Health Organization (WHO) and the US Department of Energy published reports that demonstrate just how high the costs of inaction could be.

An LSE Cost Benefit Analysis Supports Climate Action

Research from the London School of Economics (LSE) makes the economic case for acting on climate change. This study along with many others (see related posts below) make the point that the costs of inaction on global warming are far greater than the costs of acting. This is in addition to the costs directly related to the damage caused by climate change.

Much has been said about the costs of combating global warming but a slew of independent research indicates that the benefits of climate action far outweigh the costs. This was also the conclusion of Citibank study published in August.

Two research institutes at the London School of Economics found that there are significant economic gains from limiting emissions. The LSE study published in July says that improved air quality, energy efficiency and energy security combine with falling renewable energy prices to make climate action the more economically compelling option.

Acting on Climate Change Makes Good Economic Sense According to Citibank

A recent Citibank report showed that if we act to slow climate change we could save as much as $50 trillion. This finding is significant because cost is one of the most common reasons put forth to avoid acting on climate change. The Citi report is but the most recent study to soundly refute the contention that acting on climate change is too expensive. Research shows that climate action offers excellent ROI not to mention saving trillions of dollars of additional costs associated with the damaging affects of a warmer world.

In a report entitled, "Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth," Citi Global Perspectives & Solutions (GPS), conducted a cost benefit analysis of a low carbon energy economy. The research explored the costs of inaction (business as usual) versus the costs of acting (transitioning to a low-carbon energy economy).

Event - Green California Schools & Community Colleges Summit and Exposition

The 9th annual Green California Schools & Community Colleges Summit and Exposition will be held October 29 - 31, 2015, at the Pasadena Convention Center 300 East Green Street in Pasadena California. The Green Market Oracle is once again proud to be an outreach partner for this important event.

This is the first and largest green schools event in California it offers insights into achieving the full range of benefits associated with a high performance green school. Among the benefits are cost savings that can free up funds for core needs and improved student performance. Districts that have made a strong commitment to sustainability have also earned respect and gratitude from the communities they serve.

Middlebury Institute’s IEP Program: Focused on Today’s Sustainability Issues (Video)

Middlebury Institute’s International Environmental Policy degree program is designed to attract students who want to play a part in setting international agendas for worldwide sustainability issues and initiatives.

Event - Colorado Green Schools Initiative September Meeting

This meeting will take place on September 16, 2015, from 7:30 AM MDT to 9:00 AM MDT at The Alliance Center, 1536 Wynkoop St, Denver, Colorado CO 80202. This is one of several meetings planned, these meetings are free for all to attend.

Agenda

Educational Tool Assesses Scientific Veracity of Online Content

An educational tool has been developed that can assess the veracity of climate related online content. The resource helps to separate fact from fiction in the complex world of climate science to the general public. This tool is an ideal companion for those engaged in climate education. The resource was developed by Dr. Emmanuel Vincent, a tropical cyclone expert at the University of California.

Colorado Parents Support Green Initiatives in Schools

Parents in Colorado support green values and want to support environmental initiatives in their children's schools. This was the finding in a 2014 survey by the Colorado Chapter of the U.S. Green Building Council (USGBC).

In addition to support for a range of green school initiatives the results of this study indicate that there is also strong support for the teaching of sustainability.

key findings from the survey

Sustainability Ranking of US Colleges and Universities Reveal the West is the Best

Sierra magazine's much anticipated annual ranking of colleges and universities is now in its ninth year. This year the Cool Schools top ten ratings known as the "Eco-Valedictorians" is dominated by west coast schools and the state of California in particular. Two campuses of the University of California (Irvine and Davis) are at the top of the list. A total of five campuses belonging to the UofC have won half of the 10 best spots. When you add Seattle's University of Washington and Portland Oregon's Lewis and Clarke, a total of seven of the ten top schools are located on the west coast.

Infographic - Solar's Potential in US Public Schools

Peru's Massive Illegal Logging Industry

The murder of indigenous activists is drawing attention to the massive trade in illegal forest products from Peru. The vast majority of logging activities in the country are illegal. Although Peru has a large rainforest current rates of illegal logging are unsustainable.

According to a 2012 World Bank report, as much as 80 percent of Peru’s logging exports are harvested illegally. Sophisticated wood laundering schemes help to bring this wood to international markets. This involves doctored papers that make the wood appear legal.

The US is among the nations that buy this illegal timber. According to a 2012 report by the Environmental Investigation Agency, at least 40 percent of cedar exports to the US include illegally logged timber. The wood from a single old-growth mahogany tree can earn more than $11,000 on the US lumber market.

Climate Change: Frequency, Costs and Mortality (World Meteorological Organisation)

Climate change is not some distant event in the future it is affecting us today. This is the finding in a new report from the World Meteorological Organisation, titled Atlas of Mortality and Economic Losses from Weather, Climate and Water Extremes (1970 - 2012). Because of the increasing risks climate change, the world is currently five times as prone to flooding and extreme weather events as it was in the 1970s.

Increasing Frequency

The first decade of the 21st century saw 3,496 natural disasters from floods, storms, droughts and heat waves. That was nearly five times as many disasters as the 743 catastrophes reported during the 1970s – and all of those weather events are influenced by climate change.

Businesses Feel the Heat from Declining Labor Productivity

There have been several studies that show how a warming planet will decrease labor productivity. Diminished productivity has negative economic implications both for individual companies and the economy as a whole.

A National Oceanic and Atmospheric Administration (NOAA) study warned that climate change is likely to have a significant negative impact on productivity for the US workforce as a whole.

Acting on Climate Change: A Cost Benefit Analysis

We are getting a much clearer picture of the costs associated with climate change and the benefits of action to combat it.

Economists are increasingly quantifying the risks associated with global warming including the costs associated with extreme weather, declining global food stocks, degraded ecosystems, the loss of biodiversity, flooding, sea level rise, droughts, fires, the collapse of the permafrost sink, ocean acidification, loss of productivity, business disruptions, conflict, and climate refugees.

Economic Benefits of Combating Climate Change (IIED)

Scientists led by Professor Martin Parry (a former co-chair of the IPCC) in a 2013 report published by the International Institute for Environment and Development (IIED) calculated that the benefit of combating climate change amounts to $615 to $830 trillion.

This is the finding in the IIED report titled, Assessing the costs of adaptation to climate change: a review of the UNFCCC and other recent estimates. It concludes that the costs of costs will be even greater if we factor the full range of climate impacts. According to the study these costs could go as high as $1240 trillion with no adaptation. However, with appropriate adaptation efforts the costs are about $890 trillion.

Related Articles
Action on Climate Change a Cost Benefit Analysis
The Cost of Delaying Action to Stem Climate Change
Climate Change: Frequency, Costs and Mortality (World Meteorological Organisation)
Graphics - Cost of Delaying Action to Stem Climate Change
Businesses Feel the Heat from Declining Labor Productivity
Economic Costs of Combating Climate Change (IPCC)
Reducing Fossil Fuel Use: The Longer We Wait the More it will Cost
Infographic - How Much Would it Cost to Go Green Globally?
Graphic - The Cost of Mitigating Climate Change
The Financial Costs of Biodiversity Loss
Extreme Weather and the Costs of Climate Change
Extreme Weather
The Costs of Global Warming
The Costs of Climate Change Related Flooding
Graphs - Global Cost of Flooding
The Costs of Flood Damage will Rise Along with Sea Levels
Balken Flooding and the Costs of Climate Change
Tornadoes and Floods Underscore the Costs of Global Warming
Floods in the Philippines Underscore the Deadly Toll from Climate Change
Hurricane Irene and the Staggering Costs of Climate Change
Extreme Weather Makes a Convincing Case for Climate Change

Economic Costs of Combating Climate Change (IPCC)

According to the third U.N. Intergovernmental Panel on Climate Change (IPCC) report, keeping temperatures within the internationally agreed upon upper threshold limit of 2°C (3.6°F) would have a negligible impact on growth compared to the powerfully destructive impacts of unchecked climate change.

The third of four IPCC reports released in April indicated that addressing climate change would have a net effect on growth of 0.06 percent per year. This cost to economic growth does not factor the economic benefits of avoiding climate catastrophe.

Infographic - How Much Would it Cost to Go Green Globally?

Graphic - The Cost of Mitigating Climate Change

Arbor Day: A Time to Acknowledge the Vital Importance of Trees

As a celebration of trees Arbor Day is an important event, particularly in the context of ongoing forest degradation. The loss of forests are even more alarming in light of our growing awareness of the importance of trees to planetary health. Trees provide oxygen for us to breathe and they sequester carbon thereby combating climate change. We are also coming to a better understanding of the ways in which trees regulate our climate and combat drought.

Arbor Day was founded by J. Sterling Morton in 1872. As secretary of agriculture in Grover Cleveland’s second administration, Morton was a stalwart tree advocate for trees, as he explained “Other holidays repose upon the past; Arbor Day proposes for the future.”