What You Need To Know From The Recent Findings Of 7 Big Climate Reports

The world is rapidly accelerating toward climate catastrophe, our financial institutions have their foot on the gas and pinning our hopes on Chinese leadership to desperately wrench the steering wheel away from the guardrail looks increasingly foolish.

But, hey! At least a growing percentage of Americans recognize that the federal government should do more about climate change.

Those are just a few findings contained in seven reports published in the past week examining the climate emergency ahead of next week’s United Nations summit in Madrid.

The 25th Conference of the Parties was intended to be a forum for countries to up the ante from the 2015 Paris Agreement. They were supposed to come with new, more ambitious pledges to meet the targets and build on the momentum of the four years since the agreement was reached. Instead, the reports out since Nov. 20 illustrate the extent to which the world’s most powerful institutions are still engaged in a game of lethal procrastination that threatens to speed up global ecological collapse and sow chaos throughout human civilization in the decades to come.

Here’s a quick breakdown of what the reports found:

1. Global temperatures are on pace to rise as much as 3.2 degrees Celsius by the end of the century ― more than double what scientists project to be a safe range that remotely resembles our world today.

That came from the United Nations’ latest grim assessment of the so-called emissions gap between the amount of planet-heating gases countries agreed to cut and where the current projections are headed. The Paris Agreement aimed to cap average temperatures at 2 degrees Celsius above pre-industrial levels; a U.N. report last year determined that the pact’s more ambitious goal of 1.5 degrees Celsius of warming would likely cost hundreds of millions of lives and about $54 trillion in today’s dollars. Global temperatures are already a little over 1 degree Celsius compared with the period before the advent of industrial fossil-fuel use.

Top greenhouse gas emitters by country. (Photo: United Nations)
Top greenhouse gas emitters by country. (Photo: United Nations)

To keep warming within 1.5 degrees (about 2.7 degrees Fahrenheit), the world will need to cut emission 7.6% every year from 2020 to 2030, the report published Monday found.

“The summary findings are bleak,” the assessment stated.

2. The top 10 fossil-fuel-producing countries are on track to extract 120% more oil, gas and coal than would be consistent with 1.5 degrees of warming.

A chart from the report shows the so-called production gap between the emissions cuts needed to keep global warming in a safe range and the amount of fossil fuel projected to be drilled.  (Photo: SEI)
A chart from the report shows the so-called production gap between the emissions cuts needed to keep global warming in a safe range and the amount of fossil fuel projected to be drilled. (Photo: SEI)

There isn’t just an emissions gap. There’s a production gap, too. That’s what this first-of-its-kind analysis by scientists at six organizations, including the United Nations Environment Programme, found last week. Projections to extract new fossil fuel reserves in China, the United States, Russia, India, Australia, Indonesia, Canada, Germany, Norway and the United Kingdom exceed the limits to keep warming within 2 degrees Celsius by 50%. That figure surges to 120% when modeled for 1.5 degrees Celsius.

3. The world’s biggest asset managers remain heavily invested in climate-polluting industries ― and do little if anything to convince those companies to change.

That’s the finding of a sweeping survey by the British think tank InfluenceMap of the 15 largest asset managers that control a combined $37 trillion. Only three big firms ― UBS Asset Management, Allianz and Legal & General ― “strongly and consistently engage with the companies they invest in to align their business models with Paris targets.” The report found $8.2 trillion invested in four top-polluting industries: oil and gas, coal mining, automobiles and electric power.

A chart from InfluenceMap shows which of 15 biggest asset managers control investments aligned with the Paris Agreement's less ambitious 2-degrees Celsius goal. (Photo: InfluenceMap)
A chart from InfluenceMap shows which of 15 biggest asset managers control investments aligned with the Paris Agreement's less ambitious 2-degrees Celsius goal. (Photo: InfluenceMap)

“Forceful engagement with the companies in these sectors to hasten their transition to low carbon technologies must occur if the finance sector wishes to align its portfolios with climate goals,” the report stated. “The majority of companies in these sectors are very far from aligning their business models to meet the goals of Paris.”

4. The insurance industry looks stunningly unprepared for the “extremely high” risks of climate change.

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A third of the regulators surveyed did not know how prepared insurers were to respond to potential effects of climate change on their financial stability. (Photo: Deloitte)
A third of the regulators surveyed did not know how prepared insurers were to respond to potential effects of climate change on their financial stability. (Photo: Deloitte)

So say insurance regulators in a survey released Monday by the professional services giant Deloitte. As the costs of extreme weather have soared over the past decade, with the number of disasters causing $1 billion or more spiking dramatically since 2010, the 27 regulators surveyed from the National Association of Insurance Commissioners painted a picture of an industry stumbling largely in the dark. One-third of regulators said they did not know how well insurers are prepared to deal with the effects of climate-linked financial instability. Among those who said they were prepared, no more than four respondents in the weighted survey said insurers were “largely or fully prepared.”

Similarly, one-third of regulators said they did not know whether current insurer risk models were up to the task of capturing and testing climate-related risks. Among those who knew, only two said the models were “very good” and none rated them as excellent.

5. New investments in wind, solar and other renewable energy projects dropped sharply in the developing world last year. Coal, meanwhile, hit a record high.

A Bloomberg New Energy Finance chart shows investments in new solar, wind and other non-hydroelectric power projects dropping from 2017 to 2018. (Photo: Bloomberg New Energy Finance)
A Bloomberg New Energy Finance chart shows investments in new solar, wind and other non-hydroelectric power projects dropping from 2017 to 2018. (Photo: Bloomberg New Energy Finance)

From 2017 to 2018, investments in new clean-energy infrastructure in 104 emerging markets fell from $169 billion to $133 billion, according to a report published Monday by the research firm Bloomberg New Energy Finance. China ― the world’s No. 1 emitter of greenhouse gases ― led the decline, investing $86 billion in renewable energy projects in 2018 compared with $122 billion in 2017.

Coal surged. The volume of coal-fired power generated and consumed in developing countries climbed to 6,900 terawatt-hours in 2018, up from 6,400 in 2017.

6. China is building more new coal plants than exist in all of the European Union.

From January 2018 to June 2019, countries outside of China decreased their total coal power capacity by 8.1 gigawatts, while China increased its coal capacity by 42.9 gigawatts. (Photo: Global Energy Monitor)
From January 2018 to June 2019, countries outside of China decreased their total coal power capacity by 8.1 gigawatts, while China increased its coal capacity by 42.9 gigawatts. (Photo: Global Energy Monitor)

In 2017, China earned worldwide acclaim for canceling plans to build 103 new coal plants. It was a convenient political narrative that drew a stark contrast with the United States, where newly inaugurated President Donald Trump was preparing to withdraw the world’s second-largest greenhouse gas emitter from the Paris climate pact.

But a Global Energy Monitor report published Nov. 20 found that China has close to 147.7 gigawatts of coal power capacity under construction or likely to be resumed after being suspended. That nearly amounts to the European Union’s entire 150 gigawatts of coal capacity.

7. The vast majority of Americans want the federal government to do more to curb climate change and protect the environment.

New polling from Pew Research Center found majorities of U.S. adults think the federal government is doing too little to curb climate change.  (Photo: Pew Research Center)
New polling from Pew Research Center found majorities of U.S. adults think the federal government is doing too little to curb climate change. (Photo: Pew Research Center)

The numbers released Monday by the Pew Research Center illustrate why the issues are taking on such a big role in this election cycle. At 67%, the vast majority of American adults said “the federal government is doing too little to reduce the effects of global climate change.” Another 67% said the same of protecting air quality, and 68% said officials in Washington should do more to “protect water quality of lakes, rivers, and streams.”

Yet the climate question broke down along partisan lines. Among Democrats and voters who lean Democratic, 90% said the federal government needed to do more to curb the climate crisis. Among Republicans and those who lean Republican, that figure fell to 39%.

PAID FOR BY Happy Family Organics

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Spring Break, Wohoo!

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Cute Baby Polar Bear Videos

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PB and Js

Thanks to a failing peanut crop due to last summer's scorching hot weather, <a href="http://www.huffingtonpost.com/2011/10/10/peanut-butter-price-jump_n_1003732.html" target="_hplink">there was a shortage of peanuts in supply</a> at the end of 2011. If temperatures continue to rise, a jump in peanut butter prices is just the prelude to what could be in store for the beloved spread.

Chocolate Cravings

<a href="http://www.ciat.cgiar.org/Newsroom/Documents/ghana_ivory_coast_climate_change_and_cocoa.pdf" target="_hplink">A report released by the International Center For Tropical Agriculture </a>warns chocolate could become a luxury item if farmers don't adapt to rising temperatures in Ghana and the Ivory Coast, where a majority of the world's cocoa is grown.  The October 2011 report, funded by the Bill and Melinda Gates Foundation, "calls for increased research into heat and drought resistant crops, and to help transition cocoa farming to new regions that will be suitable for production in the future," <a href="http://thinkprogress.org/climate/2011/09/30/332951/chocolate-climate-change-cocoa-industry-study/" target="_hplink">reported ThinkProgress</a>.

'Friday Night Lights' & 'Varsity Blues'

As average temperatures rise over the course of this century, states in the Southern U.S. are expected to see a greater number of days with temperatures over 90 degrees Fahrenheit each year. Hotter temperatures will mean that football players in the South will face a greater risk of hyperthermia, <a href="http://txchnologist.com/post/41213194156/heres-a-reason-to-care-about-climate-change-it-could" target="_hplink">explains GE's TXCHNOLOGIST blog</a>.  <a href="http://thinkprogress.org/climate/2012/02/05/419061/will-global-warming-ruin-football-in-the-south/" target="_hplink">ThinkProgress suggests</a>, "Indeed, it is the conservative southern U.S., especially the South central and South east, who have led the way in blocking serious climate action, as it were, making yesterday's worst-case scenario into today's likely outcome."

Not Sneezing

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Keg Stands

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Valentine's Day Cliches

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Coffeehouse Snobs

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Rudolph (And Donner And Blitzen)

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Yummy Pancake Breakfasts

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Gone Fishin'

According to a <a href="http://www.nrdc.org/globalwarming/ntrout.asp" target="_hplink">2002 study by the Natural Resources Defense Council and Defenders of Wildlife</a>, a warming planet does not bode well for species that thrive in cold streams. The study found that "global warming is likely to spur the disappearance of trout and salmon from as much as 18 to 38 percent of their current habitat by the year 2090."  A 2011 study published in the <em>Proceedings of the National Academies of Science</em> produced "models [which] forecast significant declines in trout habitat across the interior western United States in the 21st century," <a href="http://green.blogs.nytimes.com/2011/08/16/trout-fishing-in-a-climate-changed-america/" target="_hplink">reported <em>The New York Times</em></a>.  The study claims, "The decline will have significant socioeconomic consequences as recreational trout fisheries are valued in the hundreds of millions of dollars in the United States alone."

NYC's Waterfront Real Estate

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The Best Part Of July 4th

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The Non-.com Amazon

Along with <a href="http://www.huffingtonpost.com/2011/12/06/brazil-amazon-rainforest-deforestation-levels_n_1130554.html" target="_hplink">deforestation</a>, climate change also poses a serious threat to South America's Amazon rainforest.  A 2009 study from the U.K. Met Office found that a global temperature rise of four degrees Celsius above pre-industrial levels would cause 85 percent of the Amazon to die off in the next 100 years. Even a two degree Celsius rise would kill 20 to 40 percent of the rainforest, <a href="http://www.guardian.co.uk/environment/2009/mar/11/amazon-global-warming-trees" target="_hplink">reported the <em>Guardian</em></a>.  In May, The Club of Rome think tank predicted a global average temperatures rise of "2 degrees Celsius by 2052 and a 2.8 degree rise by 2080," <a href="http://www.huffingtonpost.com/2012/05/08/club-of-rome-climate-change_n_1499183.html" target="_hplink">reported Reuters</a>. Jorgen Randers, author of the club's report, said, "It is unlikely that governments will pass necessary regulation to force the markets to allocate more money into climate-friendly solutions, and (we) must not assume that markets will work for the benefit of humankind."  He added, "We are emitting twice as much greenhouse gases every year as are absorbed by the world's forests and oceans. This overshoot will worsen and will peak in 2030."

Island Getaways

As global sea levels rise during the 21st century, low-lying island nations like the Maldives could see their very existence threatened. With a three to six foot sea level rise predicted by 2100, nations like the Maldives could become uninhabitable, <a href="http://www.nytimes.com/cwire/2011/05/25/25climatewire-island-nations-may-keep-some-sovereignty-if-63590.html" target="_hplink">explained <em>The New York Times</em></a>.  <a href="http://www.huffingtonpost.com/2012/07/06/mohamed-nasheed-maldives-climate-change-united-states_n_1652409.html" target="_hplink">Maldives' former president, Mohamed Nasheed</a>, has been a tireless campaigner for the urgent need for countries to take action against climate change, arguing "You can't pick and choose on science."

Ski Bums

Although seasonal fluctuations occur and El Nino/La Nina weather patterns affect snowfall, global temperature rise may impact conditions for skiers and boarders.  "The long-term trend is less snow and earlier snowmelt. This means more frustration for snow sport enthusiasts and a negative impact on the snow sports industry," <a href="http://switchboard.nrdc.org/blogs/tspencer/skiing_snow_blog_2312.html" target="_hplink">writes the Natural Resources Defense Council's Theo Spencer</a>.  In May, a snow-less ski race was held in Aspen, Colorado to "highlight the effect climate change has on the outdoor recreation industry," <a href="http://www.huffingtonpost.com/2012/05/06/aspen-ski-area-climate-change_n_1489390.html" target="_hplink">reported the Associated Press</a>.

Thanksgiving Dinner Food Comas

A 2010 paper in the journal <em>Food Research International</em> found that climate change may one day affect the cost and quality of traditional Thanksgiving dishes, <a href="http://news.discovery.com/earth/thanksgiving-climate-change.html" target="_hplink">reported Discovery News</a>.  Future temperature rises could impact the quality of turkey meat. Additionally, foods like "pumpkins, sweet potatoes, potatoes, grains [and] green beans ... will be sensitive to water shortages should they arise," study author Neville Gregory told Discovery News.  In fact, common Thanksgiving foods were <a href="http://www.huffingtonpost.com/2011/11/21/thanksgiving-dinner-battles-weather_n_1099899.html" target="_hplink">impacted by weather events in 2011</a>, with shortages and price spikes hitting over the holidays.

"Lady & The Tramp"-Like Scenes

Scientists at the British Met Office warn that Italy may soon be forced to<a href="http://www.theaustralian.com.au/news/world/climate-threat-to-italys-pasta/story-e6frg6so-1225797946930" target="_hplink"> import the basic ingredients to make pasta because climate change will make it impossible to grow durum wheat domestically</a>. The crop could almost disappear from the country later this century, scientists say.

Super Duper Fast Wi-Fi Connection

A 2011 report from the U.K.'s Department for Environment, Food and Rural Affairs found that climate change could affect certain infrastructure, like wireless internet. <a href="http://www.guardian.co.uk/environment/2011/may/09/climate-change-wi-fi-connections" target="_hplink">The <em>Guardian</em> reports</a>, "higher temperatures can reduce the range of wireless communications, rainstorms can impact the reliability of the signal, and drier summers and wetter winters may cause greater subsidence, damaging masts and underground cables," according to secretary of state for the environment.  The <em>Guardian</em> notes, "The government acknowledges that the impact of climate change on telecommunications is not well understood, but the report raises a series of potential risks."

The Great Smoky Mountains' Smoke

The Great Smoky Mountains have the most annual rainfall in the southeastern U.S., which mostly falls as a light, misty rain, <a href="http://www.huffingtonpost.com/2012/04/28/great-smoky-mountains-climate-change_n_1461482.html" target="_hplink">explains OurAmazingPlanet</a>.  A study by a team from NASA's Precipitation Measurement Missions found that "light rainfall is the dominant form of precipitation in the region, accounting for 50 to 60 percent of a year's total, governing the regional water cycle."   <a href="http://www.huffingtonpost.com/2012/04/28/great-smoky-mountains-climate-change_n_1461482.html" target="_hplink">OurAmazingPlanet</a> notes:  <blockquote>The results suggest the area may be more susceptible to climate change than thought; as temperatures rise, more of the fine droplets from light rain will evaporate in the air and fail to reach the ground. Lower elevations will have to contend with not only higher temperatures, but less cloud cover.</blockquote>

California Beach Bums

Along the California coast, beach communities are finding that it may be impossible to stop coastal erosion as global sea levels rise.   <a href="http://www.huffingtonpost.com/2012/06/02/beach-communities-moving-inward_n_1565122.html" target="_hplink">According to AP</a>, David Revell, a senior coastal scientist at <a href="http://www.pwa-ltd.com/" target="_hplink">ESA PWA</a>, acknowledged the relentless power of the sea, saying, "I like to think of it as getting out of the way gracefully."  A <a href="http://www.huffingtonpost.com/2012/06/22/west-coast-sea-level-rise_n_1619568.html" target="_hplink">report released in June by the Natural Resources Defense Council</a> found that West Coast ocean levels will rise several inches in the next few decades. Sea levels along the California coast are expected to be six inches higher by 2030 and three feet higher by the end of the century.  Despite the risks, another recent NRDC study found that <a href="http://www.huffingtonpost.com/2012/04/08/california-climate-change-study_n_1409312.html" target="_hplink">California is one of several states</a> with the best plans to deal with the effects of climate change.

Repeats Of The Titanic

2012 could be a record year for the extent of Arctic sea ice at its yearly summer minimum. Walt Meier, a research scientist at the U.S. National Snow and Ice Data Center, said that with recent satellite observations, "It definitely portends a low-ice year, whether it means it will go below 2007 (the record minimum in September), it is too early to tell," <a href="http://www.huffingtonpost.com/2012/06/18/arctic-sea-ice-levels_n_1605441.html" target="_hplink">reported LiveScience</a>.  As sea ice declines in the Arctic, countries are anticipating a <a href="http://www.huffingtonpost.com/2012/04/16/arctic-climate-change-military-activity_n_1427565.html" target="_hplink">competition for control of shipping lanes and mineral extraction</a> in the region.  In Antarctica, research from the United States' Palmer Station on the Antarctic Peninsula has found that "87 percent of the peninsula's land-bound glaciers are in retreat," <a href="http://www.huffingtonpost.com/2012/07/12/environmental-threats-antarctica_n_1669023.html" target="_hplink">reported OurAmazingPlanet</a>.  Decreasing sea ice levels were also addressed in <a href="http://www.huffingtonpost.com/2012/07/18/shell-arctic-ready-hoax-greenpeace_n_1684222.html" target="_hplink">a recent spoof of Shell's plans to drill for oil in the Arctic this summer</a>.

Crazy Sugar Highs

Climate change has already impacted sugarcane production in Indonesia.   In late 2011, the <a href="http://www.thejakartapost.com/news/2011/11/09/sugar-association-blames-climate-change-production-drop.html http://www.thejakartapost.com/news/2011/11/09/sugar-association-blames-climate-change-production-drop.html" target="_hplink">chairman of the Indonesian Sugarcane Farmers Association said</a>, "sugarcane production decreased by up to 30 percent in 2011 due to climate change that has occurred since 2009."
Climate change has already impacted sugarcane production in Indonesia. In late 2011, the chairman of the Indonesian Sugarcane Farmers Association said, "sugarcane production decreased by up to 30 percent in 2011 due to climate change that has occurred since 2009."

This article originally appeared on HuffPost.