Welcome back to our monthly roundup of climate news … both encouraging and, well, not-so-much. Just days before the presidential election, though, it’s striking to note more optimistic signs than expected. And we’re not alone. Some are describing a ‘sea change’ in the way the American electorate, politicians, and business people are now talking and acting on the issue of global warming. We concur. To set the tone, watch this new video about the biggest, baddest vehicle of the automotive world — which is now electric! The closing lines say it all.
 
Warmly,
The C-Change Conversations Team

Notable Quote
“Introducing the world’s first all-electric supertruck, the revolutionary GMC Hummer EV, with no limits, no emissions and no equals. It will leave everything you thought possible in a cloud of dust.”

Sometimes it is difficult not to get depressed. On the surface, this election cycle has laid bare that the polarization around climate change created in the early 2000’s continues to divide us at a time when we must come together to stay safe. But delve deeper and there are glimmers of hope.
 
More Americans, including conservatives, say they believe climate change is happening and that they want government action to address it. In fact, latest polls show that 65% of Americans believe climate legislation should be a key priority. And the steady drumbeat of recent devastating natural disasters, which scientists say have been exacerbated by climate change, is making the concern more visceral and immediate.
 
In addition, we’re also seeing a groundswell of alarm about climate change from businesses, investment groups, regulators, and the military. A growing contingent of sober-minded leaders find it impossible to ignore the costs of climate change. They’re calling for immediate action to protect our economy, our homes, and our national security against systemic risk. Among these leaders is H. R. McMaster, a three star General who was President Trump’s National Security Advisor for 13 months and who considers climate change a top security threat to our nation and the world. 
 
If you’re a returning reader, thank you for revisiting this newsletter and please let us know how we can improve upon it. Our format presents a sampling of non-partisan news grouped in two moods: hope and concern. As we all know, both are in large supply this election season.
 
Please let us know what you think — and please share this newsletter with others.
 
Appreciatively,
The C-Change Conversations Team

Notable Graph
We don’t know where 2020 will end up, but it is in the running to be one of the hottest years ever.

Notable Quote

“So what should be the goal? To effectively decarbonize the U.S. and the global economies by mid-century without shock and disruption. It will be hard, but so was going to the moon.”

Rear Admiral David W. Titley, U.S. Navy, (Ret.)
(Calling for an Apollo-scale, public-private program to address climate change;
C-Change Conversations speaker, 2016)

News of Hope
Even the highly polarized U.S. Senate has found some common ground. Senate Republicans and Democrats joined forces earlier in September to cut the use of hydrofluorocarbons — refrigerants that are considered ‘super greenhouse gases’ and among the most powerful drivers of climate change.

The Commodity Futures Trading Commission released a seminal report concluding that “climate change poses a major risk to the stability of the U.S. financial system and to its ability to sustain the American economy.” The report proposes 53 climate change solutions, including a price on carbon and a Securities and Exchange Commission mandate for companies to fully disclose climate risk. Bob Litterman, who spoke at a 2017 C-Change Conversations event, chaired the subcommittee that produced the report. The subcommittee was made up of diverse interests like Morgan Stanley, ConocoPhillips, and the Environmental Defense Fund.
 
The Business Roundtable, a business lobbying group composed of CEOs from more than 200 of the largest US corporations, now supports market-based carbon pricing to fight climate change.
 
And an investing group managing more than $47 trillion in collective assets has ratcheted up pressure for net zero emissions among companies it holds. Led by investment giants like BlackRock and PIMCO, Climate Action 100+ sent a letter this month advising companies to set concrete objectives to reduce emissions by 45% within 10 years to try to meet the 1.5℃ goal set at the Paris Agreement.

News of Concern
National Geographic says that science has “incontrovertibly shown” that historic fires like those raging across the American West have everything to do with climate change. In California alone, more than 3 million acres have burned so far. And fire season is just beginning. The LA Times aptly describes this year as “The worst fire season ever. Again.” And record-setting fires also bring record-setting health threats. Washington, Oregon, and California suffered “the worst air quality on earth” this month due to the fires.
 
Fires aren’t the only climate-related disaster the West had to endure in September. CBS News described a simultaneous heat wave of “insane” and “unprecedented” levels with temperatures “never before seen in modern history.”
 
Meanwhile, scientists report that rising sea levels caused by melting ice sheets in Greenland and Antarctica are in sync with the ‘worst case scenarios’ projected by the Intergovernmental Panel on Climate Change.
 
Despite it all, the federal government remains dangerously out of step with the scientific consensus. So much so that six former directors of the Environmental Protection Agency from both Republican and Democratic administrations issued an appeal this month for an agency ‘reset’ after the election. They were endorsing hundreds of pages of recommendations by a bipartisan group of more than 500 former EPA senior managers and employees.

What a month … The California wildfires. The Iowa derecho. And now, Hurricane Laura. Back-to-back, high intensity natural disasters are exactly what we’ve been warned about and are harder to respond to due to the pandemic. Each is a sobering reminder why C-Change Conversations makes it a priority to understand and discuss climate change and demand more from our elected officials at all levels to address it.

To assist in that effort, we offer this month’s curated list of non-partisan articles that focus on important developments in the story of global warming.

You may be struck, as we are, by the sense that the issue of climate change is gathering velocity on all fronts. The stories shared below describe acceleration in the speed of planetary warming and in the impacts that warming is having on people, businesses, and ecosystems. At the same time, the stories also suggest acceleration in humanity’s response to those challenges — even amid the overshadowing immediacy of the COVID pandemic.

As we did last month, we’re offering you this collection in two groups: developments that inspire hope and those that cause concern. You will find an equal number of both — but we look forward to the day when the balance tips toward optimism.  

We welcome your feedback and invite you to share this newsletter with others.
 
With gratitude for your support and interest,
The C-Change Conversations Team

Notable Quote
“Don’t live in your own echo chamber. A lot of the polarization starts with us. And it’s because we’ve been afraid to engage with people with whom we don’t agree … I tell my students this all the time, ‘If you constantly find yourself in the company of people who say “amen” to whatever you say, find different company.'”

— Condoleezza Rice
Former U.S. Secretary of State
Faculty Member, Stanford University

News of Hope
A substantial majority of Americans think the government should do more about climate, according to a Pew Research Center report …

And a MacArthur “Genius Grant” winner makes a convincing case that the transition to a low carbon economy now could supercharge the economy for the future. 

Fossil fuel companies wonder about exploring for new oil and whether even tapping known fields makes business sense. 

And BP announced that it is radically cutting back its oil and gas business and basically rethinking its business model.

There’s good news in bad: COVID-19 hasn’t caused the financial sector to backpedal its climate focus. Instead, there’s evidence that the pandemic may be galvanizing money managers to be more proactive on the crisis. And …

One large investor group just launched the world’s first step-by-step plan to help pension funds and others align their portfolios to bring us to net zero emissions by 2050.

News of Concern
The Environmental Protection Agency issued a methane regulation rollback unpopular with fuel companies,  climate scientists, Wall Street, and public opinion …

While at the same time, projections for planetary heating are getting worse.

As if on cue, California’s Death Valley hit an unfathomable 130 degrees earlier this month, and Baghdad’s temperatures were close to that a few weeks before. The descriptions and images of the Iraqi experience are breathtaking.

Some 19% of the world might face hot zones with similarly uninhabitable temperature peaks by 2070, fueling massive waves of human migrations that some say have already begun …

And experts believe even the Earth’s more temperate zones will be facing the overwhelming challenge of overlapping crises on an ongoing, rolling basis.

Notable Graph
CHARTING PROGRESS IN RENEWABLE ENERGY

To end on an optimistic note, the amount of solar energy generated around the world, led by Asia and the Pacific, has grown exponentially in the last 20 years. Wind generation shows a similarly sharp upward curve, with Europe and the United States generating a larger proportion.