Monday, July 10, 2006

Brokaw joins fight against global warming

On the Discovery documentary, producers travel great distances to make the case that man has contributed to a rapid warming of the planet's atmosphere that has already had noticeable effects and will potentially have much more.

A scientist in the Arctic explains how the increased melting of summertime sea ice is slowly starving the polar bear population. Rising sea water seeping through the ground threatens to eventually swallow entirely the South Pacific island of Tuvalu. Drought threatens the giant

Amazon rain forest.

More frightening are the scenarios that scientists can see for the future: increased sea levels swallowing cities like New York, more vicious hurricanes like Katrina, more land turning to desert. One expert even envisions half of the planet's species disappearing by the end of this century.

"By the year 2100, in the lifetime of our children and grandchildren, our world will be a drastically different place," Brokaw says in the documentary.

posted by Chris Irwin at 2:23 PM

1 Comments:

Blogger Per Kurowski said...

The Amazon

Dear Friends and Colleagues,

Today we approved a US$505 million Programmatic Reform Loan for Environmental Sustainability to Brazil. Frankly, how could it be otherwise, when in fact we should be on our knees thanking a country like Brazil that with so many other problems commits to repaying 100% of principal plus interest of an environmental-sustainability loan that will benefit the whole world and all of us.

Honestly, I do believe the World Bank should occupy a stronger leadership in these matters from the very beginning, advocating for the cooperation of the rest of the world. If silly windmill projects can have access to carbon credits, the Brazilian environmental program should too.

For instance, if 20% of a loan like this were to be repaid by some international-support mechanism, this would not only motivate the Brazilian government to sell environmental protection locally, but it would also be a clear sign that in these matters, Brazil does not stand alone. Of course any external assistance would have to come with the clear understanding that it does not impose additional conditions on the country, as this is the best and perhaps only way to guarantee true sustainability and ownership of such programs.

This morning we had a two-hour discussion about the Development Committee agenda. Frankly, however, the issue of how the world can help in crucial global matters, as in the case of the Amazon—where the need of avoiding the very negative externalities of large deforestation have to compete with so many other urgent local needs, as well as with the rising opportunity costs of not exploiting the forests—should be a foremost issue. If it already is there—for instance hidden in a global taxation initiative—I very much welcome it but, if not, we should strive to put it there.

Last year at least 25,000 hectares were deforested in the Amazon. At a low carbon value of US$20 per hectare/year, this would indicate a value of about US$50 million a year if the program were successful at stopping deforestation. Add ten years of stopped deforestation, and the value of this would be—in approximate Kyoto terms—about US$500 million a year for the rest of the world. If this is so, how come we can spend so much time and money on expensive initiatives such as the Extractive Industry Review, and not come up with something more reasonable for the Amazon, than to have the Brazilians pay for it, 100%?

Per

Extract from Voice and Noise by Per Kurowski, BookSurge 2006.
http://voiceandnoise.blogspot.com/

7:34 AM  

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