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Trump rejects key conclusion of US government climate report

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WASHINGTON — President Donald Trump has rejected a central conclusion of a dire report on the economic costs of climate change released by his own administration, but economists said the warning of hundreds of billions of dollars a year in global warming costs is pretty much on the money.

Just look at last year with Hurricanes Harvey, Maria and Irma, they said. Those three 2017 storms caused at least $265 billion in damage , according to the National Oceanic and Atmospheric Administration.

The National Climate Assessment report , quietly unveiled Friday, warned that natural disasters are worsening in the United States because of global warming.

It said warming-charged extremes “have already become more frequent, intense, widespread or of long duration.” The report noted the last few years have smashed U.S. records for damaging weather, costing nearly $400 billion since 2015.

“The potential for losses in some sectors could reach hundreds of billions of dollars per year by the end of this century,” the report said. It added that if emissions of heat-trapping gases continue at current levels, labour costs in outdoor industries during heat waves could cost $155 billion in lost wages per year by 2090.

The president said he read some of the report “and it’s fine” but not the part about the devastating economic impact.

“I don’t believe it,” Trump said, adding that if “every other place on Earth is dirty, that’s not so good.”

Nearly every country in the world in 2015 pledged to reduce or slow the growth of carbon dioxide emissions, the chief greenhouse gas.

“We’re already there,” said Wesleyan University economist Gary Yohe, who was a reviewer of the national report, which was produced by 13 federal agencies and outside scientists. “Climate change is making a noticeable impact on our economy right now: Harvey, Florence, Michael, Maria.”

Yohe said, “It is devastating at particular locations, but for the entire country? No.”

Economist Ray Kopp, a vice-president at the think-tank Resources For the Future and who wasn’t part of the assessment, said the economics and the science in the report were absolutely credible.

“I believe this is going to be a devastating loss without any other action-taking place,” Kopp said Monday. “This is certainly something you would want to avoid.”

Earlier, the White House had played down the report. Spokeswoman Lindsay Walters said in an emailed statement that the report “is largely based on the most extreme scenario, which contradicts long-established trends by assuming that, despite strong economic growth that would increase greenhouse gas emissions, there would be limited technology and innovation, and a rapidly expanding population. “

Throughout the 29-chapter report, scientists provide three scenarios that the United Nations’ climate assessments use. One is the business-as-usual scenario, which scientists say is closest to the current situation. That is the worst case of the three scenarios. Another would envision modest reductions in heat-trapping gases, and the third would involve severe cuts in carbon dioxide pollution.

For example, the $155 billion a year in extra labour costs at the end of the century is under the business-as-usual scenario. Modest reductions in carbon pollution would cut that to $75 billion a year, the report said.

The report talks of hundreds of billions of dollars in economic losses in several spots. In one graphic, it shows the worst-case business-as-usual scenario of economic costs reaching 10 per cent of gross domestic product when Earth is about a dozen degrees warmer than now with no specific date.

Yohe said it was unfortunate that some media jumped on that 10 per cent number because that was a rare case of hyperbole in the report.

“The 10 per cent is not implausible as a possible future for 2100,” Yohe said. “It’s just not terribly likely.”

Kopp, on the other hand, said the 10 per cent figure seems believable.

“This is probably a best estimate,” Kopp said. “It could be larger. It could be smaller.”

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Associated Press writer Jonathan Lemire in New York contributed to this report.

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Follow Seth Borenstein at http://twitter.com/borenbears and Zeke Miller at http://twitter.com/zekejmiller

Seth Borenstein And Zeke Miller, The Associated Press


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Daily Caller

Climate Change Fanaticism Was The Big Election Loser

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From the Daily Caller News Foundation 

By Stephen Moore

A few days before last week’s election, Independent Vermont Sen. Bernie Sanders issued a dire warning to voters. If Trump won, “the struggle against climate change will be over.”

He had that right.

Climate change fanaticism was effectively on the ballot last week. That green energy agenda was decisively defeated.

It turns out the tens of millions of middle-class Americans who voted for Trump weren’t much interested in the temperature of the planet 50 years from now. They were too busy trying to pay the bills.

The result shouldn’t be too surprising. Polls have shown climate change ranks near the bottom of voters’ concerns. Jobs, inflation and illegal immigration register much higher on the scale of concerns.

But if you asked the elite of America in the top one percent of income, climate change is seen as an immediate and existential threat to the planet. Our poll at Unleash Prosperity earlier this year found that the cultural elites were so hyper-obsessed with climate issues, they were in favor of banning air conditioning, nonessential air travel and many modern home appliances to stop global warming. Our study showed that not many of the other 99 percent agree.

Wake up, Bernie and Al Gore.

Climate change has become the ultimate luxury good: the richer you are, the more you fret about it.

Among the elite, obsessing about climate change has become a favorite form of virtue-signaling at the country club and in the faculty lounges. There is almost no cross that the green elites — the people who donate six figures or more to groups like the Sierra Club — aren’t willing to make lower income Americans bear to stop global warming.

Herein lies the political curse of the climate issue. A millionaire doesn’t care much if the price of gas rises by $1 a gallon or if they have to pay another $100 a month in utility bills. But the middle class hates paying more.

It wasn’t just economic concerns that turned the voters against climate crusaders like President Joe Biden and Vice President Kamala Harris. Workers weren’t too thrilled with the heavy fist of government commanding them to buy an electric vehicle — whether they wanted one or not.

It hasn’t helped the greens’ cause that the same progressives who are out to save the planet with grandiose transformations and global government, seem to have no problem with the garbage polluting the streets of our major cities or the graffiti or the feces and urine smell on the street corners of San Francisco and New York. That’s real pollution. And it’s affecting us here and now.

The good news is this year’s voter revolts against the radical green agenda are not a vote for dirtier air or water. The air that we breathe and the water we drink is cleaner than ever — a point that President Donald Trump correctly made. We will continue to make progress against pollution.

To try to sell middle America on the climate-change agenda of abolishing fossil fuels, the greens peddled bogus arguments that climate change would hurt poor communities most. In reality the financial costs of the climate policies and the paychecks lost were felt by the non-elite.

Democrats forgot to visit the steel-mill construction sites or the auto plants or the oil patch and ask those workers what they thought.

Well, now we know the reality. Americans think their shrinking paychecks and the higher price of gas they pay at the pump is the real clear-and-present danger. If Democrats don’t start to get that, they too will go to bed worrying about their jobs.

Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of Unleash Prosperity.  His latest book is titled: “The Trump Economic Miracle.”

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Business

Biden-Harris Admin Reportedly Backs Off On Major Emissions Initiative At UN Climate Summit

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From the Daily Caller News Foundation 

By Nick Pope

The Biden-Harris administration is quietly backing away from a plan to use the ongoing U.N. climate conference to announce an international call for emissions reductions, according to Politico.

It is not clear whether it is because President-elect Donald Trump decisively won last week’s presidential election, but Biden-Harris officials reportedly intended to partner with several other countries in announcing “ambitious” carbon emissions reduction goals for 2035 before the announcement fell through, according to Politico, which cited a draft press release it obtained and several unnamed officials. Had it not fallen through, the announcement could have gone live as early as Monday, the first day of the conference — commonly referred to as COP29 — in Azerbaijan, a Caucasian petrostate with a questionable human rights record.

The aborted call to action would not have been legally binding, though it would have served as a signal to corporations to invest in emissions reduction initiatives and pave the way for other nations to get on board, according to Politico. The countries that would have been named in the announcement would have committed to slashing emissions across nearly every sector of their respective economies, and they would have taken aim at specific chemicals like carbon dioxide, methane and nitrous oxide.

The press release announcing the commitments “clearly won’t be published” at this point, one senior foreign diplomat told Politico, which granted the source anonymity to speak freely on the matter. Beyond Trump’s victory, other potential factors that may have interfered with the plan to roll out the 2035 targets include ambivalence from potential partners or bureaucratic logjam in the European Union, an American ally that typically collaborates on similar climate targets.

The U.S. circulated the idea of putting out a statement ahead of COP29 with “a lot of parties but never pushed for it to become something more,” a European official involved in climate negotiations told Politico.

Trump’s pending return to the White House is looming large at COP29, given the president-elect’s pledges to roll back green spending, regulations and initiatives and jack up fossil fuel production, according to CBS News. Moreover, Trump has also promised to withdraw again from the U.N.’s Paris Climate Accords, which he did in his first term before the Biden-Harris administration rejoined the deal.

The White House did not respond immediately to a request for comment.

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