The Citizen's Guide to Climate Success

The Citizen's Guide to Climate Success
Author: Mark Jaccard
Publisher: Cambridge University Press
Total Pages: 307
Release: 2020-02-06
Genre: Business & Economics
ISBN: 1108479375

Shows readers how we can all help solve the climate crisis by focusing on a few key, achievable actions.

Trading and Price Discovery for Crude Oils

Trading and Price Discovery for Crude Oils
Author: Adi Imsirovic
Publisher: Springer Nature
Total Pages: 262
Release: 2021-05-19
Genre: Business & Economics
ISBN: 3030717186

This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with ‘big oil’, economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of ‘oil price’ and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the ‘price of oil’. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own ‘posted’ price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or ‘paper barrels’ trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the ‘price of oil’ is explained in detail.

Carbon Democracy

Carbon Democracy
Author: Timothy Mitchell
Publisher: Verso Books
Total Pages: 289
Release: 2013-06-25
Genre: Political Science
ISBN: 1781681163

“A brilliant, revisionist argument that places oil companies at the heart of 20th century history—and of the political and environmental crises we now face.” —Guardian Oil is a curse, it is often said, that condemns the countries producing it to an existence defined by war, corruption and enormous inequality. Carbon Democracy tells a more complex story, arguing that no nation escapes the political consequences of our collective dependence on oil. It shapes the body politic both in regions such as the Middle East, which rely upon revenues from oil production, and in the places that have the greatest demand for energy. Timothy Mitchell begins with the history of coal power to tell a radical new story about the rise of democracy. Coal was a source of energy so open to disruption that oligarchies in the West became vulnerable for the first time to mass demands for democracy. In the mid-twentieth century, however, the development of cheap and abundant energy from oil, most notably from the Middle East, offered a means to reduce this vulnerability to democratic pressures. The abundance of oil made it possible for the first time in history to reorganize political life around the management of something now called “the economy” and the promise of its infinite growth. The politics of the West became dependent on an undemocratic Middle East. In the twenty-first century, the oil-based forms of modern democratic politics have become unsustainable. Foreign intervention and military rule are faltering in the Middle East, while governments everywhere appear incapable of addressing the crises that threaten to end the age of carbon democracy—the disappearance of cheap energy and the carbon-fuelled collapse of the ecological order. In making the production of energy the central force shaping the democratic age, Carbon Democracy rethinks the history of energy, the politics of nature, the theory of democracy, and the place of the Middle East in our common world.

The Future of Oil and Fiscal Sustainability in the GCC Region

The Future of Oil and Fiscal Sustainability in the GCC Region
Author: Mr.Tokhir N Mirzoev
Publisher: International Monetary Fund
Total Pages: 55
Release: 2020-02-06
Genre: Business & Economics
ISBN: 1513525905

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Energy Transition Metals

Energy Transition Metals
Author: Lukas Boer
Publisher: International Monetary Fund
Total Pages: 41
Release: 2021-10-12
Genre: Business & Economics
ISBN: 1513599372

The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario analysis. Metal prices would reach historical peaks for an unprecedented, sustained period in a net-zero emissions scenario. The total value of metals production would rise more than four-fold for the period 2021 to 2040, rivaling the total value of crude oil production. Metals are a potentially important input into integrated assessments models of climate change.

Shock Waves

Shock Waves
Author: Stephane Hallegatte
Publisher: World Bank Publications
Total Pages: 227
Release: 2015-11-23
Genre: Business & Economics
ISBN: 1464806748

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

Climate Change and the Oil Industry

Climate Change and the Oil Industry
Author: Jon Birger Skjærseth
Publisher: Manchester University Press
Total Pages: 264
Release: 2003
Genre: Business & Economics
ISBN: 9780719065583

This volume presents a detailed study of the climate strategies of ExxonMobil, Shell, and Statoil. With an innovative analytical approach, the authors explain variations at three decision-making levels: within the companies themselves, in the national home-bases of the companies, and at the international level. The analysis generates policy-relevant knowledge about whether and how corporate resistance to a viable climate policy can be overcome.

The Discovery of Global Warming

The Discovery of Global Warming
Author: Spencer R. Weart
Publisher: Harvard University Press
Total Pages: 241
Release: 2003
Genre: Political Science
ISBN: 0674011570

In 2001 a panel representing virtually all the world's governments and climate scientists announced that they had reached a consensus: the world was warming at a rate without precedent during at least the last ten millennia, and that warming was caused by the buildup of greenhouse gases from human activity. The consensus itself was at least a century in the making. The story of how scientists reached their conclusion--by way of unexpected twists and turns and in the face of formidable intellectual, financial, and political obstacles--is told for the first time in The Discovery of Global Warming. Spencer R. Weart lucidly explains the emerging science, introduces us to the major players, and shows us how the Earth's irreducibly complicated climate system was mirrored by the global scientific community that studied it. Unlike familiar tales of Science Triumphant, this book portrays scientists working on bits and pieces of a topic so complex that they could never achieve full certainty--yet so important to human survival that provisional answers were essential. Weart unsparingly depicts the conflicts and mistakes, and how they sometimes led to fruitful results. His book reminds us that scientists do not work in isolation, but interact in crucial ways with the political system and with the general public. The book not only reveals the history of global warming, but also analyzes the nature of modern scientific work as it confronts the most difficult questions about the Earth's future. Table of Contents: Preface 1. How Could Climate Change? 2. Discovering a Possibility 3. A Delicate System 4. A Visible Threat 5. Public Warnings 6. The Erratic Beast 7. Breaking into Politics 8. The Discovery Confirmed Reflections Milestones Notes Further Reading Index Reviews of this book: A soberly written synthesis of science and politics. --Gilbert Taylor, Booklist Reviews of this book: Charting the evolution and confirmation of the theory [of global warming], Spencer R. Weart, director of the Center for the History of Physics of the American Institute of Physics, dissects the interwoven threads of research and reveals the political and societal subtexts that colored scientists' views and the public reception their work received. --Andrew C. Revkin, New York Times Book Review Reviews of this book: It took a century for scientists to agree that gases produced by human activity were causing the world to warm up. Now, in an engaging book that reads like a detective story, physicist Weart reports the history of global warming theory, including the internal conflicts plaguing the research community and the role government has had in promoting climate studies. --Publishers Weekly Reviews of this book: It is almost two centuries since the French mathematician Jean Baptiste Fourier discovered that the Earth was far warmer than it had any right to be, given its distance from the Sun...Spencer Weart's book about how Fourier's initially inconsequential discovery finally triggered urgent debate about the future habitability of the Earth is lucid, painstaking and commendably brief, packing everything into 200 pages. --Fred Pearce, The Independent Reviews of this book: [The Discovery of Global Warming] is a well-written, well-researched and well-balanced account of the issues involved...This is not a sermon for the faithful, or verses from Revelation for the evangelicals, but a serious summary for those who like reasoned argument. Read it--and be converted. --John Emsley, Times Literary Supplement Reviews of this book: This is a terrific book...Perhaps the finest compliment I could give this book is to report that I intend to use it instead of my own book...for my climate class. The Discovery of Global Warming is more up-to-date, better balanced historically, beautifully written and, not least important, short and to the point. I think the [Intergovernmental Panel on Climate Change] needs to enlist a few good historians like Weart for its next assessment. --Stephen H. Schneider, Nature Reviews of this book: This short, well-written book by a science historian at the American Institute of Physics adds a serious voice to the overheated debate about global warming and would serve as a great starting point for anyone who wants to better understand the issue. --Maureen Christie, American Scientist Reviews of this book: I was very pleasantly surprised to find that Spencer Weart's account provides much valuable and interesting material about how the discipline developed--not just from the perspective of climate science but also within the context of the field's relation to other scientific disciplines, the media, political trends, and even 20th-century history (particularly the Cold War). In addition, Weart has done a valuable service by recording for posterity background information on some of the key discoveries and historical figures who contributed to our present understanding of the global warming problem. --Thomas J. Crowley, Science Reviews of this book: Weart has done us all a service by bringing the discovery of global warming into a short, compendious and persuasive book for a general readership. He is especially strong on the early days and the scientific background. --Crispin Tickell, Times Higher Education Supplement A Capricious Beast Ever since the days when he had trudged around fossil lake basins in Nevada for his doctoral thesis, Wally Broecker had been interested in sudden climate shifts. The reported sudden jumps of CO2 in Greenland ice cores stimulated him to put this interest into conjunction with his oceanographic interests. The result was a surprising and important calculation. The key was what Broecker later described as a "great conveyor belt'"of seawater carrying heat northward. . . . The energy carried to the neighborhood of Iceland was "staggering," Broecker realized, nearly a third as much as the Sun sheds upon the entire North Atlantic. If something were to shut down the conveyor, climate would change across much of the Northern Hemisphere' There was reason to believe a shutdown could happen swiftly. In many regions the consequences for climate would be spectacular. Broecker was foremost in taking this disagreeable news to the public. In 1987 he wrote that we had been treating the greenhouse effect as a 'cocktail hour curiosity,' but now 'we must view it as a threat to human beings and wildlife.' The climate system was a capricious beast, he said, and we were poking it with a sharp stick. I found the book enjoyable, thoughtful, and an excellent introduction to the history of what may be one of the most important subjects of the next one hundred years. --Clark Miller, University of Wisconsin The Discovery of Global Warming raises important scientific issues and topics and includes essential detail. Readers should be able to follow the discussion and emerge at the end with a good understanding of how scientists have developed a consensus on global warming, what it is, and what issues now face human society. --Thomas R. Dunlap, Texas A&M University

The Economics of Climate Change

The Economics of Climate Change
Author: Robert Shackleton
Publisher: Congressional Budget Office
Total Pages: 80
Release: 2003
Genre: Business & Economics
ISBN:

This Congressional Budget Office (CBO) study--prepared at the request of the Ranking Member of the House Committee on Science--presents an overview of issues related to climate change, focusing primarily on its economic aspects. The study draws from numerous published sources to summarize the current state of climate science and provide a conceptual framework for addressing climate change as an economic problem. It also examines public policy options and discusses the potential complications and benefits of international coordination. In keeping with CBO's mandate to provide impartial analysis, the study makes no recommendations.