The economics of 350


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This is a paper about need for 350 Economics.

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The economics of 350

  1. 1. The Economics of 350: Economic Way of Viewing Climate Stabilization Presentation by Dr.K.Prabhakar, Velammal Engineering College
  2. 2. <ul><li>What is the single scientific economic measure for climate stabilization? </li></ul>
  3. 3. <ul><li>The need for stabilizing the atmospheric CO2 to 350 parts per million is felt more than ever by scientists. However, reducing consumption to that level is likely to have disastrous economic consequences. </li></ul>
  4. 5. What is its implications? <ul><li>Arctic sea ice has anchored the ecosystems of northern regions and helped regulate global climate for at least 800,000 years (Overpeck et al., 2005). </li></ul><ul><li>Its seasonal disappearance would have far-reaching ecological, climatic, and economic impacts that the scientific community is beginning to understand. </li></ul><ul><li>Sea ice formation and melting help drive the world’s ocean currents, permafrost traps vast quantities of methane and other forms of carbon, and the Greenland Ice Sheet holds enough water to raise sea level by 7 meters (AMAP, 2009). </li></ul><ul><li>Greenland is in fact losing ice and contributing to sea level rise at a much faster rate than scientists predicted only a few years ago (Mernild et al., 2009). </li></ul><ul><li>There are three figures 275ppm (useful and needed to survive) </li></ul><ul><li>Present 391 un sustainable what is needed is 350 molecules in per million molecules and it is rising by 2 parts every year. </li></ul>
  5. 7. What is its impact? <ul><li>Mosquitoes love warm world </li></ul><ul><li>Rising sea levels </li></ul><ul><li>Draughts </li></ul><ul><li>Reduced food production </li></ul><ul><li>Oceans will become more acidic dissolving coral reefs </li></ul>
  6. 9. If we grow at present rate what will happen?
  7. 11. What are the solutions? <ul><li>Growing more trees </li></ul><ul><li>Extract-use-discard to Reduce and Reuse </li></ul><ul><li>Alternate sources of energy </li></ul><ul><li>Biomass-most promising in India-Carbon capture and Storage </li></ul>
  8. 12. Bio Mass <ul><li>The use of biomass as a fuel is typically described as carbon-neutral: the CO2 emissions released in combustion are balanced by the CO2 removed from the atmosphere by the growth of the plant material (although this common equation ignores other emissions from forestry or agricultural activities that lead to plant growth). To reduce total greenhouse gas emissions, biomass power plants must be combined with CCS. </li></ul><ul><li>The full life-cycle of biomass energy production with CCS would absorb atmospheric carbon into plants as they grow, burn the biomass to make energy, capture the resulting CO2 emissions, and store them. </li></ul>
  9. 13. Economic Costs <ul><li>If we reduce our consumption what are the economic implications? </li></ul><ul><li>US is having 9.1% unemployment rate. </li></ul><ul><li>If there is reduction consumption it will be approximately 15% which will have severe political and economic implications. </li></ul><ul><li>What is to be done? </li></ul>
  10. 14. Possible solutions <ul><li>Creation of educational eco system-Periyar Maniammai University is the torch bearer in this case. </li></ul><ul><li>Chipko Movements </li></ul><ul><li>Role of activists, NGOs and other organizations </li></ul><ul><li>Taxation of oil companies </li></ul><ul><li>Buddhist Economics by Shumacher. Small is beautiful. </li></ul><ul><li>Crateate local communities of consumptions rather than to for Globalization. Examples: Koothambakkam- Magarpatta </li></ul>
  11. 15. Questions Thank you