Pope Francis Demands The World Implement Carbon Pricing

By Eric Worral – Re-Blogged From WUWT

Pope Francis has demanded governments of the world punish the poor with regressive carbon pricing, to prevent an allegedly imminent anthropogenic climate catastrophe.

Pope to oil execs: We don’t ‘have the luxury’ to wait to fight climate change

Inés San MartínJun 14, 2019

ROME – Speaking to oil company executives, Pope Francis on Friday said that climate change “threatens the very future” of humanity, adding that the “doomsday predictions” can no longer be met with disdain.

“Time is running out!” Francis said. “Deliberations must go beyond mere exploration of what can be done, and concentrate on what needs to be done. We do not have the luxury of waiting for others to step forward, or of prioritizing short-term economic benefits.”

“The climate crisis requires our decisive action, here and now and the Church is fully committed to playing her part,” he said.

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A Third Look at Radiation Versus Temperature

By KEVIN KILTY – Re-Blogged From WUWT

Introduction

In a post on June 8, 2019, Willis Eschenbach showed an interesting plot of monthly average surface temperature against total irradiance absorbed at the ground surface. He has updated this original post. His original figure is at the top of this post. He made no hypothesis about the meaning of the plot. In the thread which followed no one suggested a reason for the relationship. However, it did lead a number of commenters to suggest that it demonstrated a doubling of atmospheric CO2 would produce only 0.38°C to 0.5°C of surface warming. I am going to provide a tentative explanation for the relationship. My tools will be some simple physics such as Newton‘s law of cooling or the Stefan-Boltzmann law, known to many who post here, and a block model of heat transfer at Earth’s surface.

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Divestment Goes Full-Billy Madison

By David Middleton – Re-Blogged From WUWT

This post employs Billy Madison as a euphemism.

Fossil fuel divestment is, by definition, Billy Madisoned. It is a concerted effort hold back or slow down fossil fuel production by cutting off access to capital. Fossil fuel divestment is “a really futile and stupid gesture”. An investment can only be divested if an investor is willing to invest in the divested interest.

Perhaps realizing that fossil fuel divestment is nothing but “a really futile and stupid gesture”, Alicia Seiger, a lecturer at Stanford Law School and an affiliate of the Steyer-Taylor Center for Energy Policy and Finance, has determined that divestment is not sufficient…

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What Gets Measured Gets Improved

By Keith Weiner – Re-Blogged From Gold Eagle

Let’s start with Frederic Bastiat’s 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass guy is making money (to which all we can say is, “plus ça change, plus c’est la même chose”). Bastiat says it is true, and this is the seen. The glazier does make money.

Then he introduces the concept of the unseen. The shoemaker does not earn the 6 francs he would have earned, had the shopkeeper not had to replace his window. The shopkeeper himself has the same window as before, but he is poorer by 6 francs. The unseen are the consumer, and the other producer. The consumer must consume less, and thus is impoverished. The other producer’s business shrinks in proportion to the gain in the glassmaker’s business.

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Al Gore Tells Harvard Students ‘Assault On Science’ Threatens Humanity’s Survival

Michael Bastasch From The Daily Caller – Re-Blogged From WUWT

Former Vice President Al Gore said President Donald Trump’s “assault on science” threatens “the capacity of the human species to endure” on Earth.

Gore issued his warning in a speech to Harvard University students and faculty Wednesday, stressing “reason” and “rational debate,” indeed democracy itself, were under threat from the “ideology of authoritarianism.”

Science “is now being slandered as a conspiracy based on a hoax,” Gore said, likely referring to a 2012 Trump tweet where he called man-made global warming a “Chinese hoax.”

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Inherent Unreliable Renewables Dictate GND “100% Renewable Electricity” Mandate Yields Unavoidable GHG Emissions

By Larry Hamlin – Re-Blrogged From WUWT

The Green New Deal (GND) and California’s SB 100 are both draconian and completely unrealistic pipe dreams that politically mandate “100% renewable electricity” for the U.S. and California respectively.

A new 117 page study from the American Enterprise Institute (AEI) has determined that these politically contrived schemes of “100% renewable energy” are self defeating because of the inherent unreliability of renewables which results in significant GHG emissions occurring from the unavoidable need for backup dispatchable and reliable fossil generation. This backup fossil generation is required to provide grid stability functions including frequency, voltage and synchronization control, daily system load ramping and to prevent power shortages and blackouts.

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Dancing Closer to the Exits

By Rick Mills – Re-Blogged From Ahead of the Heard

When Americans elect or re-elect a president in the fall of 2020, there is a very good chance the closest thing to their hearts – their wallets – will be top of mind.

 

That’s because many are predicting the longest-running economic expansion in US history is about to slam on the brakes. It’s been over a decade since The Great Recession of 2007-09 plunged the world into monetary despair. That downturn was particularly bad because it combined an economic slowdown with problems in the financial system, rudely exposed by the sub-prime mortgage crisis.

 

In this article we are asking, what is the best indicator for predicting the next recession? What does the current data say about a recession?

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