{"id":622968,"date":"2018-10-17T03:24:54","date_gmt":"2018-10-17T03:24:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/the-latest-report-on-climate-change-is-an-unmitigated-disaster-this-is-why-you-should-care\/"},"modified":"2018-10-17T03:24:54","modified_gmt":"2018-10-17T03:24:54","slug":"the-latest-report-on-climate-change-is-an-unmitigated-disaster-this-is-why-you-should-care","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/the-latest-report-on-climate-change-is-an-unmitigated-disaster-this-is-why-you-should-care\/","title":{"rendered":"The latest report on climate change is an unmitigated disaster. This is why you should care."},"content":{"rendered":"

The latest report on climate change is an unmitigated disaster. This is why you should <\/strong>care. <\/strong>The UN Intergovernmental Panel on Climate Change report<\/a> warned last week that we only have 12 years to avoid climate change disasters by keeping global warming to a maximum rise of 1.5 \u00b0C. The report has been rattling cages since its release as scientists had previously thought a temperature increase of 2 degrees was enough for all hell to break loose. Boiled down to its essence: we have a lot more to do in a shorter period of time before disaster strikes. For many pessimists<\/a>, the scale of the change needed for the global economy are simply too large to be met, and official inaction (including by the sitting president of the United States<\/a>) is just making it worse. In short, we\u2019ve probably already failed as a species and geoengineering may our only (very bad<\/a>) option.<\/p>\n

The UN report holds special significance for Egypt:<\/strong> It claims we\u2019re among the countries most at risk from rising sea levels. Some 50 mn people in Egypt, the US, Bangladesh, China, India, Indonesia, Japan, the Philippines and Vietnam face the prospect of being displaced by 2040 if global warming hits 2.7\u00b0C. It argues that transforming the world economy, including imposing hefty taxes on carbon dioxide emissions, at an estimated cost of USD 54 tn (and fast) is one key way to meet the 1.5\u00b0C limit.<\/p>\n

Africa is already feeling the heat:<\/strong> \u201cToday at only 1.1 degrees of warming globally, crops and livestock across the region are being hit and hunger is rising, with poor small-scale women farmers, living in rural areas suffering the most. It only gets worse from here,\u201d Pan Africa Director of Oxfam International Appolos Nwafor said on the IPCC report<\/a>. He urged governments to take action to rely on clean energy to protect vulnerable communities. Oxfam notes that If global temperature rises by more than 2 degrees by the end of the century, by 2050 daytime temperatures in North Africa (and the Middle East) could rise to 46 degrees on the hottest days, \u201cwhich can be deadly.\u201d<\/p>\n

Nobel Prize in Economics highlights the scale of the dangers: <\/strong>The 2018 Nobel Prize in economics<\/a> was awarded jointly to Yale\u2019s William Nordhaus and NYU\u2019s Paul Romer. The Royal Swedish Academy awarded Nordhaus the prize for \u201cintegrating climate change into long-run macroeconomic analysis\u201d and Romer for \u201cintegrating technological innovations into long-run macroeconomic analysis.\u201d<\/p>\n

This year\u2019s prize carries a particular significance as it is a testament to the <\/strong>ever-expanding domain of economics as it overlaps with other social sciences.<\/strong> \u201cRomer saw the frontiers of knowledge as also having central economic determinants. Similarly, Nordhaus recognized that the global climate \u2013 broadly speaking, nature \u2013 is not just an important determinant of human activity, but is simultaneously affecting society and affected by its economic activity. Thus, the two laureates have brought knowledge and nature into the realm of economic analysis and made them an integral part of the endeavour.\u201d<\/p>\n

Politically, the award could be seen as one that takes a swipe at free-market purists<\/strong> by picking winners who show that market economy can generate inefficient future outcomes at the global level. The award also recognizes the real threat of climate change and nudges observers towards seeing how technological improvements could help combat it.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest report on climate change is an unmitigated disaster. This is why you should care. The UN Intergovernmental Panel on Climate Change report warned last week that we only have 12 years to avoid climate change disasters by keeping global warming to a maximum rise of 1.5 \u00b0C. The report has been rattling cages […]<\/p>\n","protected":false},"author":1,"featured_media":622969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"0432cc0b-dfc4-41f5-b008-8042fef3b6a9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/10\/2170.jpg","photo_position":"above","related_issue":[622945],"teaser":"","voice_url":""},"yoast_head":"\nThe latest report on climate change is an unmitigated disaster. 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Meat consumption may have peaked globally, as increased strain on resources \u2014 including land and water \u2014 and growing health and environmental concerns will increasingly prompt consumers to eat less meat and seek alternative sources\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583802,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/effectively-climate-change-probably-needs-bigger-more-systemic-changes-than-what-were-doing-right-now\/","url_meta":{"origin":622968,"position":5},"title":"Effectively climate change probably needs bigger, more systemic changes than what we\u2019re doing right now","author":"enterpriseam admin","date":"20 March 2023","format":false,"excerpt":"? UNDER THE LAMPLIGHT- Could the way we\u2019re tackling the climate crisis be misguided? The Value of a Whale: Onthe Illusions of Green Capitalism by Adrienne Buller takes on various shortcomings in how world leaders and financial institutions are going about trying to address climate change. To Buller, focusing on\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622968"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622968\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/622969"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622968"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622968"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}