Category: Canada

Anything related to Canada or Canadians

Carney on the carbon bubble and stranded assets

By some measures, based on science, the scale of the energy revolution required is staggering.

If we had started in 2000, we could have hit the 1.5°C objective by halving emissions every thirty years. Now, we must halve emissions every ten years. If we wait another four years, the challenge will be to halve emissions every year. If we wait another eight years, our 1.5°C carbon budget will be exhausted.

The entrepreneur and engineer Saul Griffith argues that the carbon-emitting properties of our committed physical capital mean that we are locked in to use up the residual carbon budget, even if no one buys another car with an internal combustion engine, installs a new gas-fired hot-water heater or, at a larger scale, constructs a new coal power plant. That’s because, just as we expect a new car to run for a decade or more, we expect our machines to be used until they are fully depreciated. If the committed emissions of all the machines over their useful lives will largely exhaust the 1.5°C carbon budget, going forward we will need almost all new machines, like cars, to be zero carbon. Currently, electric car sales, despite being one of the hottest segments of the market, are as a percentage in single digits. This implies that, if we are to meet society’s objective, there will be scrappage and stranded assets.

…

To meet the 1.5°C target, more than 80 per cent of current fossil fuel reserves (including three-quarters of coal, half of gas, one-third of oil) would need to stay in the ground, stranding these assets. The equivalent for less than 2°C is about 60 per cent of fossil fuel assets staying in the ground (where they would no longer be assets).

When I mentioned the prospect of stranded assets in a speech in 2015, it was met with howls of outrage from the industry. That was in part because many had refused to perform the basic reconcilliation between the objectives society had agreed in Paris (keeping temperature increases below 2°C), the carbon budgets science estimated were necessary to achieve them and the consequences this had for fossil fuel extraction. They couldn’t, or wouldn’t, undertake the basic calculations that a teenager, Greta Thunberg, would easily master and powerfully project. Now recognition is growing, even in the oil and gas industry, that some fossil fuel assets will be stranded — although, as we shall see later in the chapter, pricing in financial markets remains wholly inconsistent with the transition.

Carney, Mark. Value(s): Building a Better World for All. Penguin Random House Canada, 2021. p. 273–4, 278

Photos from the Yellowknife drive

In the summer of 2003, I broke with my long avoidance of air travel so that I could first help my brother Sasha move from Behchokǫ̀, in the Northwest Territories near Yellowknife, back to Victoria, BC.

We did the drive through a vast terrain of wildfires in three intensive days, with Sasha driving.

I had been meaning for ages to get our photos processed, but because of the financial pain of the long PhD all my computers and software are quite obselete and were unable to handle the RAW files from his specific Fuji camera.

I have finally figured a workaround using Adobe’s digital negative (DNG) format, so now the photos are up.

Living across the country and avoiding flying, I have seen far too little of my brothers in recent years. I justified it because I thought I was living my values by making lifestyle choices to reduce my climate impact, and because I still hoped humanity might be reaching a level of understanding where we take the crisis seriously and respond in a useful and adaptive way.

Now I think I need to do a complete re-evaluation of what sort of political project makes sense. Ever since I first became involved in environmentalism in the 1990s, I had thought that eventually the universal experience of how the world is changing in frightening ways would make people willing to make changes themselves. Now, I really don’t know.

Still, I am immensely grateful that I got to spend this intensive time with Sasha and that our relationship is still deep and meaningful after years of almost exclusively telecommunicating. His integrity and determination are inspirations to me, and I try to draw from his example while trying to live my own life well.

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Trump ending the postwar security order

Having read extensively about international security and the post-WWII US-backed security order, it is very disturbing to see it all being smashed apart. From Foreign Affairs today:

Carrying out economic warfare on allies sows distrust and risks fracturing the transatlantic and Indo-Pacific security architectures that have underpinned global stability for decades. If Washington imposes tariffs on European and Asian allies, it will create a wedge that adversaries such as China and Russia will eagerly exploit. Beijing, for example, is seeking to drive a deeper divide between the U.S. and Europe by presenting itself as a more reliable economic partner. For its part, Moscow is capitalizing on transatlantic tensions to weaken NATO cohesion. The growing strategic partnership between these two authoritarian powers—cemented through military cooperation, economic agreements, and shared hostility toward the West—represents a direct challenge to the U.S.-led global order. By undermining trust with allies through indiscriminate economic aggression, Washington risks isolating itself at a time when maintaining strong, unified alliances is more critical than ever.

I think my work on regional nuclear weapons proliferation is going to become a lot more pertinent-seeming in the weeks, months, and years ahead.

Waiting for America’s decision

These past eleven months of working and slowly recovering from the PhD have altered my stress responses a great deal.

Literally for years, I was in a constant state of such anxiety that it interfered every day with both productivity and sleep. During the worst parts, all I could do was alternate between trying to focus on other things and jumping back to the news to see if there had been an act of mass violence.

Today’s US election is as stressful a thing as has ever happened in my life, perhaps more so because literally all of the predictions I have heard (from political experts to my brother Mica who is much better at handicapping elections than me) have been for a Trump win.

It’s staggering, distressing, and disturbing to me that this election could even be close, given Trump’s obvious incompetence and the danger he poses. The January 6th insurrection left me with a terrific fear that the forces tearing America apart are stronger than those holding it together. If America makes another sociopathic and self-destructive choice today, that breakdown will accelerate.

I fear that the dynamic which now dominates the democratic world is this: as our fossil fuel addiction keeps damaging the climate, more and more societal systems which were previously able to cope will begin to fail instead. As people notice this breakdown, they give up on conventional political candidates willing to do the slow incremental work of changing policy in favour of ideological blowhards who promise drastic changes for the benefit of the masses but who are really controlled by self-interested cadres of extremists and the ultra-wealthy. While all this is happening, there is too much drama and emotional turmoil to properly diagnose what is putting society under such strain, along with no willingness to act on abolishing fossil fuels. Our broken politics are breaking the world.

None of these worries are new, and I suppose what is striking me most right now is how subjectively OK I feel despite my extreme anxiety and terror. I think perhaps it’s the difference between confronting a potential tragedy after being awake 24 hours on a forced march versus on a day after decent sleep. The fear is just as intense, but with at least the stability of housing and employment it seems less like a constant personal catastrophe than it did during the PhD.

Good luck to us all tonight.

Toronto is a bike city

A friend from the Toronto group bike ride community directed me to Jeff Allen’s intringuing and beautiful cartographic work.

One especially striking map – which supports my view that bicycling has become the best and fastest form of transport in Toronto – shows which areas it is faster to reach from Yonge-Bloor by bike than by transit during rush hour:

You can get a long way! Straight north to York Mills. Southwest past the mouth of the Humber. Southeast past Tommy Thomson Park and into Scarborough.

The map is from 2016, but I would imagine things are worse now with transit underfunding and all the slowdown zones, plus all the streets blocked up by summer construction.

Group bike rides build community

I have been getting a lot of satisfaction lately from group bike rides. Community emerges naturally when people ride bikes in groups. The contrast underscores how automobile culture is a death cult: every driver gets their own sarcophagus for the living to move them through places while keeping the driver sealed apart. The driver is isolated from nature, from community, and from life at a human scale. They begin to live at a car scale where our instincts and experiences no longer bind us to our neighbours. The car is built to move at 60, 80, 100 km per hour, and to be indifferent to anything it might need to kill to do so.

Group bike rides provide a tangible vision for an idealized future without private cars. That’s a world where people who take the same routes and live in the same neighbourhoods know each other and talk: where they are neighbours. That’s a world with flower fairy girls on lavishly decorated cruiser bikes, and with guys in motorcycle helmets and body armour riding on zippy electric unicycles.

On a bike in the city, you live with the constant awareness of being killed. When riding alone, the great majority of my attention is always directed to nearby drivers and what abrupt, dangerous, or illegal thing they may do next. For drivers in the city, they may live with a mild awareness that their every careless action threatens to kill others, but they are distracted by bluetooth calls and streaming media, alienated from their fellow residents by socially atomized affluence, and shielded by public opinion and a legal system where killing someone with your car through simple carelessness is a minor and unimportant oversight which ought not to impede your happy motoring.