5 May 2017, Bloomberg Business Week, The Jersey Shore Would Rather Fight Flooding With Walls Than Retreat. The state’s $300 million fund to get coastal homeowners to relocate inland isn’t working. n a recent rainy afternoon near the Jersey Shore, John Spodofora, the mayor of Stafford Township, stood at the edge of the water and pointed to a spot in the salt marsh where he wants to build a giant berm to blunt the force of hurricanes. Stafford is on the western side of Barnegat Bay, the 40-mile body of brackish water north of Atlantic City that’s surrounded by blue-collar bungalows, cheap motels, and oceanfront mansions. In 2012, Stafford took a direct hit from Hurricane Sandy, which destroyed 3,000 of its homes. Rather than leave, most residents chose to rebuild. The berm project would cost as much as $100 million, money the town doesn’t have. Spodofora is hoping the federal or state government will fund it, even though most of the 5,000 homes the berm would protect will likely be underwater in a few decades with or without it. Still, Spodofora is committed. “There’s no areas of my town that I can say aren’t worth protecting,” he says. In coastal New Jersey, the debate about whether the climate is changing has been superseded by a more urgent question: What to do about it? While local officials such as Spodofora want to build walls against rising seas and fiercer storms, environmentalists say that delays the inevitable. The best policy, they say, is to encourage people to move inland and let the most vulnerable areas disappear into the water. They may have found allies in the Federal Emergency Management Agency. After spending more than $278 billion on disaster relief over the past decade, the agency has begun to consider a change in tactics. In March, Bob Fenton, FEMA’s acting administrator, told a meeting of state emergency directors that governments need to find ways to reduce risk. “We need to move out of threatened areas,” he said. New Jersey shows just how hard that will be. Read More here
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5 May 2017, The Guardian, Clive Hamilton, The great climate silence: we are on the edge of the abyss but we ignore it. After 200,000 years of modern humans on a 4.5 billion-year-old Earth, we have arrived at new point in history: the Anthropocene. The change has come upon us with disorienting speed. It is the kind of shift that typically takes two or three or four generations to sink in. Our best scientists tell us insistently that a calamity is unfolding, that the life-support systems of the Earth are being damaged in ways that threaten our survival. Yet in the face of these facts we carry on as usual. Most citizens ignore or downplay the warnings; many of our intellectuals indulge in wishful thinking; and some influential voices declare that nothing at all is happening, that the scientists are deceiving us. Yet the evidence tells us that so powerful have humans become that we have entered this new and dangerous geological epoch, which is defined by the fact that the human imprint on the global environment has now become so large and active that it rivals some of the great forces of nature in its impact on the functioning of the Earth system. This bizarre situation, in which we have become potent enough to change the course of the Earth yet seem unable to regulate ourselves, contradicts every modern belief about the kind of creature the human being is. So for some it is absurd to suggest that humankind could break out of the boundaries of history and inscribe itself as a geological force in deep time. Humans are too puny to change the climate, they insist, so it is outlandish to suggest we could change the geological time scale. Others assign the Earth and its evolution to the divine realm, so that it is not merely impertinence to suggest that humans can overrule the almighty, but blasphemy. Read More here
2 May 2017, Renew Economy, The angry denunciation of Westpac’s new climate policy – which rules out funding for new mines in the Galilee Basin – serves only to underscore how crucial support from at least one major Australian bank was to Adani’s push to win finance for its beleaguered Carmichael coal project. Now shunned by all of Australia’s big banks – the Commonwealth Bank, NAB, ANZ and now Westpac – as well as a further 15 banks around the world, Adani is desperate and financially dateless. In its media release following the release of Westpac’s revised climate policy Adani Australia complained Australian banks have “chosen to bow to environmental activists” and decided to “ignore the opportunity to invest” in the Carmichael project. The banks, Adani complained as it played the nationalist card, would continue to invest in overseas coal projects “at the expense of Australians, many of whom are their investors and depositors.” (Curiously, Adani’s media release is not posted on the company’s website.) In its policy Westpac committed to “limit lending to any new thermal coal mines or projects (including those of existing customers) to only existing coal producing basins and where the calorific value for that mine ranks in at least the top 15% globally.” With no existing mines in the Galilee Basin, the bank was explicitly ruling out the Carmichael project – along with other potential but even less viable nearby projects – irrespective of what quality coal they may produce. By any measure, Westpac’s policy is a cautiously-couched incremental improvement on its previous policy but far from being “anti-coal” as the headline on one Fairfax Media article tagged it. (The divestment campaign group Market Forces has a measured analysis of what the policy does and doesn’t mean.) Indeed, aside from the huge climate considerations, there are good financial reasons why a bank like Westpac wouldn’t risk backing any Galilee Basin project: the mines would produce low-quality coal and require huge investments in new railway and port capacity at a time the future price of thermal coal appears to be bleak. Read More here
28 April 2017, Climate News Network, Sea floor erosion causes coral reefs to sink. Five US coral reefs are sinking beneath the waves due to the erosion of the sea floor, robbing coastal communities of their natural storm barrier. The world’s coral reefs are not just in hot water and under threat from acid attack; they may even be getting out of their depth. New research around five US coral reefs shows that even as sea levels rise, the sea floor around the reefs is being eroded. And coral growth simply may not be fast enough to keep up, which means that coastal communities in Florida, the Caribbean and Hawaii could become increasingly at risk from storms, waves and erosion. The news comes close after revelations that great tracts of Australia’s Great Barrier Reef, like other coral colonies, have been devastated by bleaching, as ocean temperatures rise above the levels that corals – animals that live in symbiosis with algae – can tolerate, and researchers have warned that this could soon be happening to reefs almost everywhere, every year. Coral under threat There is already widespread alarm among marine scientists as the seas become measurably more acidic due to an increase in levels of carbon dioxide in the atmosphere, and this too poses a threat to corals everywhere. But while researchers in the tropics had monitored the living reefs of the surface waters, hardly anybody had paid attention to the sea floor around the reefs. Now, scientists of the US Geological Survey report in Biogeosciences that – possibly as a consequence of the degradation of the reefs of the Florida Keys, the US Virgin Islands and the Hawaiian island of Maui – the sea floor is being scoured of sand and sediments, just as sea levels continue to creep to a predicted rise of up to a metre by 2100. Read More here