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Capitalism, carbon
and climate change
Michael Jacobs
13 May 2013
Global temperature change 1880-2010
Source: NASA
Atmospheric CO2 1958-2012
Source: National Oceanic & Atmospheric Administration Earth System Research Laboratory
The sources of greenhouse gas emissions
Source: UNEP
Arctic sea ice summer melt 2012
Video: Arctic ice melt
Source: U.S. National Snow & Ice Data Center Source: European Envir...
Emissions pathways
Source: UNEP
The median 2C pathway
(66% chance) in 2020:
44 GtCO2e
Business as usual:
58 GtCO2e
Current country pledges:
52-57 GtCO2e
E...
The climate impacts of emissions trajectories
Projected impacts on coral reefs
Source: World Bank
Projected global mean sea level rise
Source: World Bank
Projected crop yields (2.2-3.6 C warming)
Source: World Bank
New York, United States, October 2012
Source: KeystoneUSA-ZUMA / Rex Features
Ashley, United States, August 2012
Marion Kujawa looks over a pond he uses to water the cattle on his farm.
Source: Scott ...
Beijing, China, July 2012
Source: Reuters
Punjab, Pakistan, 2010
Source: AP Photo/Khalid Tanveer
Negro River, Amazonas, Brazil, October 2010
Source: AFP/Getty Images
104F, France, 2003
Insured catastrophe losses 1970-2011
Source: Swiss Re
Source: Swiss Re
Global investment in renewable energy
Sources: Bloomberg New Energy Finance, IEA
Global renewable power generation
Solar power prices
Source: McKinsey & Company
Source: ICCT
Fuel efficiency standards 2000-2025Fuel efficiency standards for cars
Carbon taxes and emissions trading schemes
Source: Environmental and Energy Study Institute
US states with Renewable Portfolio Standards
Source: U.S. Energy Information Administration
Fossil fuel use emissions
Source: IEA World Energy Outlook 2012
Alberta, Canada, 2011
Fossil fuel reserves vs global 2°C carbon budget
Source: Carbon Tracker Initiative
Global carbon budgets and probabilities
Listed fossil fuel reserves v 2°C carbon budget
Listed reserves are a
quarter of all known
fossil fuel reserves
Current li...
Potential (P2) fossil reserves on stock exchanges
Fossil fuels on New York and London exchanges
Capitalism, carbon and climate change
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Capitalism, carbon and climate change

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Presentation by Michael Jacobs at the STEPS Centre Summer School, June 2013.
http://steps-centre.org/about/steps-summer-school/

Video here: http://www.youtube.com/watch?v=zqzcHzX6K8w

Published in: Education, Technology
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Capitalism, carbon and climate change

  1. 1. Capitalism, carbon and climate change Michael Jacobs 13 May 2013
  2. 2. Global temperature change 1880-2010 Source: NASA
  3. 3. Atmospheric CO2 1958-2012 Source: National Oceanic & Atmospheric Administration Earth System Research Laboratory
  4. 4. The sources of greenhouse gas emissions Source: UNEP
  5. 5. Arctic sea ice summer melt 2012 Video: Arctic ice melt Source: U.S. National Snow & Ice Data Center Source: European Environment Agency
  6. 6. Emissions pathways Source: UNEP
  7. 7. The median 2C pathway (66% chance) in 2020: 44 GtCO2e Business as usual: 58 GtCO2e Current country pledges: 52-57 GtCO2e Emissions gap: 8 to 13 GtCO2e Source: UNEP Emissions Gap Report 2012 The emissions gap
  8. 8. The climate impacts of emissions trajectories
  9. 9. Projected impacts on coral reefs Source: World Bank
  10. 10. Projected global mean sea level rise Source: World Bank
  11. 11. Projected crop yields (2.2-3.6 C warming) Source: World Bank
  12. 12. New York, United States, October 2012 Source: KeystoneUSA-ZUMA / Rex Features
  13. 13. Ashley, United States, August 2012 Marion Kujawa looks over a pond he uses to water the cattle on his farm. Source: Scott Olson/Getty Images
  14. 14. Beijing, China, July 2012 Source: Reuters
  15. 15. Punjab, Pakistan, 2010 Source: AP Photo/Khalid Tanveer
  16. 16. Negro River, Amazonas, Brazil, October 2010
  17. 17. Source: AFP/Getty Images 104F, France, 2003
  18. 18. Insured catastrophe losses 1970-2011 Source: Swiss Re Source: Swiss Re
  19. 19. Global investment in renewable energy Sources: Bloomberg New Energy Finance, IEA
  20. 20. Global renewable power generation
  21. 21. Solar power prices Source: McKinsey & Company
  22. 22. Source: ICCT Fuel efficiency standards 2000-2025Fuel efficiency standards for cars
  23. 23. Carbon taxes and emissions trading schemes Source: Environmental and Energy Study Institute
  24. 24. US states with Renewable Portfolio Standards Source: U.S. Energy Information Administration
  25. 25. Fossil fuel use emissions Source: IEA World Energy Outlook 2012
  26. 26. Alberta, Canada, 2011
  27. 27. Fossil fuel reserves vs global 2°C carbon budget Source: Carbon Tracker Initiative
  28. 28. Global carbon budgets and probabilities
  29. 29. Listed fossil fuel reserves v 2°C carbon budget Listed reserves are a quarter of all known fossil fuel reserves Current listed reserves (762GtCO2) far exceed a quarter of the total carbon budgets but could double (1541GtCO2) If we break the 2°C budget we very quickly hit 2.5°C and 3°C 30 Potential listed reserves Current listed reserves
  30. 30. Potential (P2) fossil reserves on stock exchanges
  31. 31. Fossil fuels on New York and London exchanges

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