There’s something surreal about the ongoing World Trade Organization talks in Geneva, which aim at coming up with a new agreement to bring down tariffs in order to expand world trade and resuscitate global growth. In the face of the looming specter of climate change, these negotiations amount to arguing over the arrangement of deck chairs while the Titanic is sinking.
While drafting the so-called Bali Roadmap during the UN Conference on climate change last December, delegates faced a painful choice. They could specifically mention the necessity of reducing greenhouse gas (GHG) emissions by 25-40% by 2020 and face the possibility of a U.S. walkout from the negotiations. Or they could drop all mention of targets to keep Washington in the negotiations – and risk of the United States fatally obstructing the process of coming up with a tough regime of mandatory emissions cuts that would have to be in place by the UN’s climate meeting in Copenhagen in December 2009.
Over the past few years, attention to the recycling of nuclear power spent fuel has grown. Fears of global warming due to fossil fuel burning have given nuclear energy a boost; over the next 15 years dozens of new power reactors are planned world-wide. To promote nuclear energy, the Bush administration is seeking to establish international spent nuclear fuel recycling centers that are supposed to reduce wastes, recycle uranium, and convert nuclear explosive materials, such as plutonium to less troublesome elements in advanced power reactors.
For those following economic trends, the past 18 months are notable primarily for two reasons. First, the U.S. housing market, long seen as overvalued by alternative economists and even powerful economic institutions including the International Monetary Fund (IMF), finally went from boom to bust. Over the span of a few months, housing in some markets depreciated by as much as 30%, and some economists estimate that losses may ultimately reduce value by as much as 50% in some cities.
This essay originally appeared in TomDispatch, a website run by Tom Engelhardt and associated with The Nation magazine.
The number of Americans who believe that the war in Iraq was a mistake has surpassed the number who felt the same way about Vietnam during that war. At the same time, a much quieter U.S. military build-up is underway on another continent. The ultimate objective of the two efforts is the same: securing Big Oil’s access to the regions’ oil. The impact in Africa will likely be the same as in Iraq: perpetual occupation, instability, and growing anti-Americanism.
Gas prices are above $4 a gallon; global food prices surged 39% last year; and an environmental disaster looms as carbon emissions continue to spiral upward. The global economy appears on the verge of a TKO, a triple whammy from energy, agriculture, and climate-change trends. Right now you may be grumbling about the extra bucks you’re shelling out at the pump and the grocery store; but, unless policymakers begin to address all three of these trends as one major crisis, it could get a whole lot worse. Just ask the North Koreans.
When New York City wanted to make the biggest purchase of subway cars in U.S. history in the late 1990s, more than 3 billion dollars worth, the only companies that were able to bid on the contract were foreign. The same problem applies to high-speed rail today: only European or Japanese companies could build any of the proposed rail networks in the United States. The U.S. has also ceded the high ground to Europe and Japan in a broad range of other sustainable technologies. For instance, 11 companies produce 96% of medium to large wind turbines; only one, GE, is based in the United States, with a 16% share of the global market. The differences in market penetration come down to two factors: European and Japanese companies have become more competent producers for these markets, and their governments have helped them to develop both this competence and the markets themselves.
A devastating earthquake leveled the Chinese town of Wenchuan, leaving in its wake over 60,000 dead and five million homeless throughout Sichuan Province. It will take years to heal the damage of this tragedy. Nevertheless, even as aid organizations and local government scramble to erect temporary housing and supply drinking water, it’s important to step back and consider how the international community can properly contribute long after the last rescue crew has left. With international help, it can rebuild Wenchuan as an eco-city of energy efficiency and Green common sense that can inspire the world
“Green-collar jobs” are a hot topic these days. This is good news, certainly, for those who seek to alter our present course toward climate catastrophe. Greater awareness of the promise of a green economy allows us to challenge the too-familiar framing of “jobs vs. the environment” that has defeated so many attempts at environmental protection. Washington State Governor Christine Gregoire tapped into the power of reframing with the Climate Action and Green Jobs Bill, which combines a framework to reduce greenhouse gas emissions with a green jobs initiative. After she announced it in her 2008 budget request, the Seattle Post-Intelligencer’s headline read: “Gov. Gregoire announces bill to fight climate change, create jobs.”