That is the question behind a new paper published in Science magazine last week. According to the analysis, the money countries addressing COVID-19 have far exceeded the low-carbon investments scientists need to avoid a climate catastrophe over the next five years – by about an order of magnitude.
If only 12 percent of the currently pledged COVID-19 stimulus funds were spent each year through 2024 on low-carbon energy investments and reducing our dependence on fossil fuels, researchers would limit global warming to 1.5 degrees Celsius (2.7 degrees F.) ), the most ambitious climate target of the Paris Agreement. At present, countries' voluntary commitments are putting the world on the right track 3.2 degrees C. (5.8 degrees F) or more by the end of the century.
Joeri Rogelj, a lecturer in climate change and the environment at Imperial College London and one of the study's authors, said the results demonstrated a “win-win” opportunity for governments to address not just the acute effects of the pandemic and the associated economic crisis, but to bring their economies to a more sustainable, successful and resilient long-term development. (…)
“Richard Nixon is a bad, lying bastard. It can lie out of both sides of his mouth at the same time, and if he ever caught himself telling the truth, he'd just lie to put his hand in it. "
~~Harry S. Truman
TWEET OF THE DAY
BLAST FROM THE PAST
At Daily Kos that day in 2011– What do you call a job plan that doesn't create jobs? The Republican Plan!
Ouch. This is just the heading for Washington Post fact sheet verification on the Republican job bill: "The GOP's ridiculous claim about their job bill." Ridiculous looks generous.
At the heart of the problem is the claim that the plan, "mostly a mix of previously offered bills like this sturdy perennial – a balanced budget change to the Constitution" would create five million jobs. The fact checker, also known as Glenn Kessler, looks at the methodology used by Republicans Sens. Rand Paul, John McCain, and Rob Portman to claim that five million figure.
Moira Bagley, a spokesman for Paul, said the figure was derived from three proposals: tax cuts for individuals and businesses that cut the top tax rate of 25 percent tThe Heritage Foundation said it would increase employment by 1.6 million jobs in the next decade; a tax vacation that allows US companies to return cash held overseas, which would create 2.9 million jobs in two years, according to a Chamber of Commerce study; and a study by energy consultant Wood MacKenzie found that access to domestic energy resources and imports of Canadian oil would create more than 1 million jobs by 2018.
There are several problems with these numbers.