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Global Warming and Climate Change, Global Warning Information, Updates

Global Warming and Climate Change

Updated January 2011

The year 2010 ended with an enormous blizzard that engulfed the northeast US, paralyzing New York and Boston and much of the Atlantic Coast.  That storm was followed almost three weeks later  by yet another severe snow storm that had the same effect.  Speculation started immediately that these events had their  roots in global warming – Time Magazine wrote:

“The World Meteorological Organization recently reported that 2010 is almost certainly going to be one of the three warmest years on record, while 2001 to 2010 is already the hottest decade in recorded history. Indeed, according to some scientists, all of these events may actually be connected.”

Just a few days before at the CNN debate on climate change, UN Climate Secretary Christiana Figueres said that “private businesses are better placed than governments to tackle global warming because they can act faster...”  There appeared to be an agreement at the event that the urgency to reduce carbon emissions was such that business could not afford to wait for governments to act.

Prior to the UN-sponsored Cancun Climate Conference in December 2010, the world's largest global investors were urging the conference delegates and the US Congress to “take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis.”

Unfortunately, at Cancun and the year before in Copenhagen, government progress to address climate change only inched slightly forward.  But while government consensus moved by inches, the scientists tell us we should be moving by miles   – or do they?

The last two years has seen the debate of the existence of human-caused climate change -- or any climate changed -- challenged by doubters.   Some poor science conducted by some believers/ supporters, followed by unfortunate media reporting and the issues identified as hot in the recent Congressional elections saw weak support for global warming among Americans. Witness this: “The poll, one of four annual surveys conducted by Shelton Group, surveyed 1,098 Americans who at least occasionally buy green products and found only about half believe climate change is occurring and caused by human beings…”

While the majority of the American  public apparently are yet to believe in the problems of climate change and global warming and world governments unable to agree on a course of action, AC will continue to focus on potentially one of the greatest issues world society faces. Since this section was begun in April 2008 more than 1,200 articles, commentaries and reports  have been posted for our readers.  No doubt there is more to come.  (We invite you to tell us where you stand on the issues.)

 -----------------------------

Institutional investors are focused on the potential or rising risk posed by climate change to the companies they hold in portfolios.  “Climate change,” “global warming” and “sustainability” (of the company owned, over the long-term) are trigger phrases now for all manner of shareholder activities – and corporate responses. The argument is not always about “if” climate change is occurring or “who” or “what” is responsible – often, the investors now ask:  What is the company doing to prepare for and mitigate the risk?  Investors have many questions:  Has the company charted its “carbon footprint” – has management taken steps to inform shareowners of real or potential climate change risks – what are the potential costs of mitigating such risks – and more.

Looking to put muscle behind these requests, shareowners are filing numerous proxy petitions (shareholder sponsored proxy resolutions) on the ballot in 2008.  Coalitions are being formed to address climate risk issues at public companies.  On September 18, 2007, a broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks related to climate change issues. The coalition formally asked the Commission's Division of Corporation Finance to immediately begin "[c]losely scrutinizing the adequacy of registrants' climate disclosures" under existing law.

The institutional investors involved represent $1.5 trillion in managed assets and include major public employee pension funds, state treasurers and comptrollers, state attorneys general and major environmental organizations.  Their “First of a Kind” resolution will create major waves on Wall Street and in the corporate suites as the campaign goes on.   (This issue is not going anyway anytime soon.)

The coalition includes the Environmental Defense, Ceres, the California State Treasurer Bill Lockyer, Florida Chief Financial Officer Alex Sink, Maine State Treasurer David G. Lemoine, New York State Comptroller Thomas P. DiNapoli, North Carolina State Treasurer Richard Moore and Oregon State Treasurer Randall Edwards, as well as New York State Attorney General Andrew M. Cuomo.

The Securities and Exchange Commission staff had no immediate reaction, but in the overall dialogue regarding shareholders rights, federal regulations and corporate governance, this measure landed like a bombshell in Washington, DC.  Accountability-Central will continue to present news and commentary as the climate change issue unfolds and various capital markets players present their views and opinions.

Learn more about climate change: http://www.learnstuff.com/climate-change-and-global-warming-an-objective-overview/

 

 


Latest on Global Warming and Climate Change

May 5, 2016 Economies could shrink by mid-century due to scarce water – World Bank

Source: Reuters

Economies across large swathes of the globe could shrink dramatically by mid-century as fresh water grows scarce due to climate change, the World Bank reported on Tuesday.

May 4, 2016 Climate change is already disrupting societies. A new study doesn’t let us forget it.

Source: Grist

An Inuit community notices grizzly bears are traipsing through their land more and more. Bangladeshi fishers, faced with stormy skies, must stay off the water more often every year. After thousands of Arctic winters, Sweden’s...

May 4, 2016 Global water shortages to deliver 'severe hit' to economies, World Bank warns

Source: The Guardian

Water shortages will deliver a “severe hit” to the economies of the Middle East, central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank warned on Tuesday.

May 3, 2016 From Commitment to Action: Signs of Progress Since the Paris Climate Talks

WRI - Last December, 196 countries adopted the historic Paris Agreement on climate change, creating the first universal pact to put the world on a path towards a zero-carbon, resilient future. Since then, some concrete steps have...

May 3, 2016 Summer of 2016(India): Water crisis is a reality, not mere a warning from environmentalists

Source: One India

After ignoring the warning from the environmentalists all these years, the enormity of water crisis is staring in our face this year.

May 3, 2016 Climate Change Could Make Parts of Middle East Uninhabitable

Source: VoA

Climate change may render parts of the Middle East -- now home to over 500 million people -- too hot for humans, according to a new study.

May 2, 2016 Global Warming and Heat concerns rise: Report suggests

Source: Tampa Bay Review

Global Warming and the increasing Heat is something that has been haunting the United Nations and various climate bodies all over the world. As it seems, one of the largest democracy has also had a say in this. According to the...

April 29, 2016 Investor network says utilities should face climate change stress tests

Source: Reuters

Electric utilities should undergo stress tests to show how their business models are in line with limiting global warming, a global network of investors said on Friday.

April 29, 2016 Unseasonably warm weather(Australia) a clear sign of climate change, say scientists

Source: The Guardian

Unseasonably warm weather across Australia, which is set to continue through the coming month, might be putting a spring in people’s step but is a clear sign of dangerous climate change, according climate scientists and...

April 28, 2016 Scientist Is Optimistic About Climate Change

Source: Jmportal News

“This is not a gloom and doom issue,” Somerville said. “It’s a serious issue but the world is taking the right steps to deal with it in a rational way.”

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