Federal Report Warns of Financial Havoc From Climate Change – By Coral Davenport and Jeanna Smialek – The New York Times

“WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

“A world wracked by frequent and devastating shocks from climate change cannot sustain the fundamental conditions supporting our financial system,” concluded the report, “Managing Climate Risk in the Financial System,” which was requested last year by the Commodity Futures Trading Commission and set for release on Wednesday morning.

Those observations are not entirely new, but they carry new weight coming with the imprimatur of the regulator of complex financial instruments like futures, swaps and other derivatives that help fix the price of commodities like corn, oil and wheat. It is the first wide-ranging federal government study focused on the specific impacts of climate change on Wall Street.

Perhaps most notable is that it is being published at all. The Trump administration has suppressed, altered or watered down government science around climate change as it pushes an aggressive agenda of environmental deregulation that it hopes will spur economic growth.

The new report asserts that doing nothing to avert climate change will do the opposite.

John Houghton, Who Sounded Alarm on Climate Change, Dies at 88 – The New York Times

“John Houghton, a climate scientist and influential figure in the United Nations panel that brought the threat of climate change to the world’s attention and received a Nobel Prize, died on April 15 in Dolgellau, Wales. He was 88.

The cause was complications of the novel coronavirus, according to his granddaughter Hannah Malcolm, who announced the death, at a hospital, on Twitter.

A key participant in the United Nations Intergovernmental Panel on Climate Change, Dr. Houghton was the lead editor of the organization’s first three reports, issued in 1990, 1995 and 2001. With each report, the evidence underpinning global warming and the role humans play in causing it grew more ineluctableand the calls for international action became more pressing. The group received the 2007 Nobel Peace Prize jointly with Al Gore, the former vice president and climate campaigner.”

Climate Crash Course Part 1. How bad is climate change now? – The New York Times

A crash course on climate change, 50 years after the first Earth Day

The science is clear: The world is warming dangerously, humans are the cause of it, and a failure to act today will deeply affect the future of the Earth.

This is a seven-day New York Times crash course on climate change, in which reporters from the Times’s Climate desk address the big questions:

1.How bad is climate change now? 2.How do scientists know what they know? 3.Who is influencing key decisions? 4.How do we stop fossil fuel emissions? 5.Do environmental rules matter? 6.Can insurance protect us? 7.Is what I do important?

Opinion | Think This Pandemic Is Bad? We Have Another Crisis Coming – By Rhiana Gunn-Wright  – The New York Times

“. . . If history is any indication, rebounding from an economic disruption this large requires an equally large spike in demand and production. Outside of war, climate change is the only issue large enough to provide such a spike. Now is the time to create policies that provide immediate relief to communities, such as federal assistance to transition homes and businesses to renewable energy; give “green” fiscal aid to states; and fuel economic recovery with the creation of federally funded green jobs. But none of this can happen so long as our leaders keep convincing themselves that the greatest country in the world cannot walk and chew gum at the same time.A climate-focused economic recovery — much less a coronavirus response that acknowledges the climate crisis — could require a new Congress and a new president, a tall order in an America this divided. But maybe it is time to stop acting as though politics is a force of nature when we are facing actual and deadly forces of nature. It’s past time to elect leaders who are fit to handle the crises we face, instead of hoping for problems small enough to fit the leaders we have.”

Opinion | With the Coronavirus, It’s Again Trump vs. Mother Nature – by Thomas Friedman – The New York Times

“. . .  Mother Nature was not impressed by Trump or his markets. Mother Nature, alas, doesn’t “open” her workday at 9:30 a.m. or close it at 4 p.m. Monday through Friday and then take weekends off. So precisely when Trump was autographing his one-day stock chart to be touted by the knuckleheads at Fox, Mother Nature was silently, relentlessly, mercilessly and exponentially spreading the coronavirus among us.

As Rob Watson, one of my favorite environmental teachers, likes to remind people: “Mother Nature is just chemistry, biology and physics. That’s all she is.”

You cannot sweet-talk her. You cannot spin her. You cannot manipulate her. And you certainly cannot tell her, “Mother Nature, stop ruining my beautiful stock market.”

No, no, no. Mother Nature will always and only do whatever chemistry, biology and physics dictate, and “Mother Nature always bats last,” says Watson, “and she always bats 1.000.” Do not mess with Mother Nature.

But that is exactly what Trump did initially with the coronavirus — and is trying to do still with climate change. Yes, we must absolutely focus on combating this virus now. And Trump seems to have finally become properly awed by the power of Mother Nature’s Covid-19, ordering federal distancing guidelines to stay in place until April 30. That is a good thing.

But as we win this battle with the coronavirus and begin to think about the next round of stimulus that we want to inject into the economy — and there will be a next round — it is vital that we keep in mind just how much more destructive climate change could be for all of us, and make sure that we invest in long-term resilience against that as well.

Because there is one huge difference between the coronavirus and climate change: Climate change doesn’t “peak” — and then flatten out and then maybe dissipate or be permanently prevented by vaccine — so normal life resumes.

No, when the Greenland and Antarctic ice melts, it’s gone, and we humans will have to contend with the implications of sea level rise, mass movements of populations and various kinds of extreme weather — wetter wets, hotter hots and drier dries — forever.

There is no herd immunity to climate change. There are only endless impacts on the herd.”

The Gates Foundation has developed a cleaner, safer nuclear power plant and reactor – by David Lindsay Jr – InconvenientNews.Net

Yesterday was a wonderful day full of good news for environmentalists. And I’m not thinking about Pete Buttigieg or Amy Klobushar, but of Bill and Melinda Gates. Someone at a recent  CT League of Conservation Voters meeting recently suggested to Kathleen Schomaker that she watch the new Netflix documentary, “Inside Bill’s Brain: Decoding Bill Gates,” directed by Davis Guggenheim, who won an Academy award for “An Inconvenient Truth.”

There are three episodes, each about an hour. Part One, while describing Bill Gate’s blessed childhood in Seattle, bounces up to the work of the Bill and Melinda Gates Foundation. The short segments on the foundation, tell the story of it improving  sewage conditions in third world countries, especially by starting an international competition to invent a new toilet: a stand alone, recomposting toilet. The foundation also developed a new power plant that runs on fecal waste, creates electricity, and produces clean potable water. I have posted three reviews of the series at my blog, and one of them said that the reporting was full of technical “wonky” details on revolutionary toilet ideas!

Episode Two covered Bill’s high school years and getting to Microsoft, and how the Gates Foundation set about to eradicate polio from the planet. They were nearly successful in some of the worst places for polio in the world, like Nigeria, until the rise of Boko Haran. The terrorists started killing the vaccinators, and polio hasn’t been eradicated in Boko Haran territory.

But it is part three than got us wildly excited. The personal details of Bill and Melinda’s courtship and marriage, and the anti-trust cases against Microsoft were informative, but the big news was the third project of the Gates Foundation—developing a cleaner, safer nuclear power plant and reactor. A team of teams led by Bill came up with a new and radically different nuclear reactor design that they are quite confident will not be able to have a meltdown during even a missile strike. It will not run as hot, or need water for cooling, and it will run on nuclear waste–used and depleted uranium–so it will not create much more waste, and will give a use to all the nuclear waste dumps in the world today and use the waste up. If it works, it is a game changer. They decided the best place to build the first one was in China, since the Chinese were still actively building nuclear power plants, but when Trump came to office, he began tariffs and cancelled the carefully arranged partnership. The episode ended without more info. We just know that the Gates Foundation still has to build and test their first prototype somewhere, to see if the simulations in their labs and on their computers are accurate.

Inside Bill’s Brain review: a Netflix docu-series that keeps getting distracted – The Verge

“The title of Davis Guggenheim’s three-part Netflix documentary Inside Bill’s Brain: Decoding Bill Gates (which debuts on Friday, September 20th) speaks to its subject’s opacity. What makes one of the world’s wealthiest people tick? What formed him? How did he come to dominate a fiercely competitive industry so thoroughly that the US government sued Microsoft under antitrust statutes?

Guggenheim gets into all that… sort of. Over the course of nearly three hours, Inside Bill’s Brain covers the basics of Gates’ life: his childhood, education, Microsoft stewardship, marriage to his wife Melinda, and the charitable foundation they co-manage.

At times, though, it seems like the Bill & Melinda Gates Foundation is this doc’s real subject. Each episode of Inside Bill’s Brain focuses on one of the foundation’s major initiatives: improving sewage conditions in developing countries, eradicating polio, and developing a cleaner, safer form of nuclear power. Each of the three parts shifts rapidly between interviews, biographical material, and fly-on-the-wall footage of the Gates team’s philanthropic missions. Guggenheim eschews traditional transitions, and instead jumps from subject to subject, even when there’s no clear connection between them.”

Source: Inside Bill’s Brain review: a Netflix docu-series that keeps getting distracted – The Verge

‘Inside Bill’s Brain: Decoding Bill Gates’ Review – 9/4/2019 by Stephen Farber| Hollywood Reporter

Oscar-winning documentary director Davis Guggenheim enlists Gates’ cooperation for a three-part Netflix series on some of the billionaire’s passion projects.

“One of the hottest tickets at this year’s Telluride Film Festival was not one of the eagerly awaited narrative features but the first showing of a Netflix docuseries on Bill Gates. Patrons lined up for the screening of Inside Bill’s BrainDecoding Bill Gates, with the subject himself on hand for a discussion. The series was directed by Oscar winner Davis Guggenheim (An Inconvenient TruthWaiting for SupermanHe Named Me Malala), and it contains some of the filmmaker’s best work.

No doubt Gates trusted the director enough to provide candid interviews on his personal life, along with information on his ambitious projects to use his wealth to build a better world. Although the docuseries does not skirt controversial episodes in Gates’ past, it gives him credit as a visionary thinker while also painting a surprisingly human portrait of the computer geek turned philanthropist and concerned citizen.

The three parts of the series encompass Gates’ efforts to provide clean drinking water for people in the poorest countries of the world, his battle to eradicate polio and his efforts on behalf of safe nuclear power as an alternative to climate-destroying fossil fuels. Along with exploring these potent issues, the film delves into Gates’ early family life and his marriage to Melinda, who is partnered with him on his charitable foundation, which he has focused on since stepping down from Microsoft in 2008.

Guggenheim collected an impressive group of pundits to discuss some of these issues, including scientists and technical experts, along with New York Times correspondent Nicholas Kristof, who provides especially pithy interviews. But the series also includes interviews with Melinda, Gates’ two sisters and, of course, extensive talks with Gates himself. Some of the most revealing interviews concern Gates’ relationship with his mother, a strong woman and something of a community leader in Seattle; he describes her early death as the most difficult time in his life.

Gates’ developing relationship with Melinda also provides fascinating material. Clearly Bill had difficulty entering into personal relationships, and when he was debating whether to marry Melinda, he prepared a detailed chart listing the pros and cons of a union. She has proven to be an invaluable partner; for one thing, he acknowledges that she is much better at dealing with people, a crucial quality in accomplishing the goals that he wants his charities to produce.

One of the thorniest of these issues is Gates’ commitment to nuclear power. As the film indicates, he and his team were making progress on changing public opinion until the Japanese nuclear disaster at Fukushima in 2011 once again incited widespread fears. There are also issues regarding the disposal of nuclear waste, and Trump’s trade war with China has made Chinese cooperation on this project more challenging.”

Source: ‘Inside Bill’s Brain: Decoding Bill Gates’ Review | Hollywood Reporter

Review: Netflix documentary on Bill Gates reveals chaos, determination and love ‘Inside Bill’s Brain’ – BY KURT SCHLOSSER – GeekWire

“In his relentless pursuit to try to solve some of the world’s most pressing problems around sanitation, disease eradication and climate change, Bill Gates is practically robotic in his quest for information and in his inability to give up. It’s glimpses of the Microsoft co-founder’s human side that help power “Inside Bill’s Brain: Decoding Bill Gates,” a three-part documentary series from Netflix.

Directed by Academy Award winner Davis Guggenheim (“An Inconvenient Truth”), the series is at times an intimate and revealing look at Gates’ life, from his upbringing to his education, his family and friendships, the drive to make Microsoft a global powerhouse, the transition to philanthropy, and his love for and partnership with wife Melinda Gates.

For those familiar with many of the benchmarks and anecdotes from Gates’ long life in the public eye, there are repeated tales of his accomplishments and idiosyncrasies. They are spliced throughout three 50-minute episodes with footage from his home and offices in Seattle to far-flung locations around the planet.”

Source: Review: Netflix documentary on Bill Gates reveals chaos, determination and love ‘Inside Bill’s Brain’ – GeekWire

Opinion | My Journey to Radical Environmentalism – By Charles M. Blow – The New York Times

By 

Opinion Columnist

Credit…Drew Angerer/Getty Images

“I can’t quite remember the moment when I became radicalized about protecting the environment and the planet, but it happened last year. That’s late in life, I know. At 49 years old, it is very possible and even likely that I have more years behind me than in front of me, but that is when it happened.

Before that, I didn’t do more than was required by law.

I have lived in New York City since 1994. Mandatory recycling was phased in citywide by 1997. So, I recycled what was required.

Five years ago, when my last two children went away to college, I got rid of my car, but not for environmental reasons. I just didn’t need it anymore, and it was expensive to maintain.

But something happened to me last year.

Maybe it was Greta Thunberg’s advocacy, and hearing her impassioned United Nations speech in which she blasted world leaders, saying:

“You have stolen my dreams and my childhood with your empty words. And yet I’m one of the lucky ones. People are suffering. People are dying; entire ecosystems are collapsing. We are in the beginning of a mass extinction and all you can talk about is money and fairy tales of eternal economic growth. How dare you!” “

David Lindsay: I read this piece with delight. I wrote a comment that started: Welcome Charles Blow, welcome.

Here are the two most liked comments I approved:

Daniel Smith
Leverett, MA
Times Pick

I’m very glad to see that Charles Blow, someone I respect a great deal, has discovered the environment. But the environmentalism he describes is in no way radical. It is not radical in the popular sense of embracing major change and it is not radical in the classical sense of going to the roots of a problem. (On both of those counts, a good example of radical environmentalism would be the Green New Deal, which is notably absent here.) We are not going to be saved by changing individual consumption or by proselytizing–this has been the mantra for decades and it has failed miserably–but only by organized and massive political activism that changes the way our society as a whole governs itself. The problem is systemic and social, and the solution must occur at that level also. This is certainly Greta Thunberg’s message, and also the message of virtually every expert you can find on social change and social movements. So I hope Charles will keep us posted (and soon!) on how his environmentalism evolves in a truly radical dimension.

7 Replies380 Recommended

John Williams commented January 8

John Williams
Petrolia, CA

“I think that the only way to prevent the radical alteration of our planet is to commit to a radical alteration of our own behavior.” Yup, that’s what the Green New Deal is about. As an old man who learned the basic physics of global warming i 1970, and who watched economic inequality grow obscenely over the second half of his life, I say it is about time.

5 Replies331 Recommended