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do you know? Climate change is a salary and pension thief! The latest research in the internationally authoritative journal Nature estimates that climate change is expected to cause annual economic losses of US$38 trillion in 2049. In 2100, losses may double again. How big a loss is $38 trillion? It is roughly more than twice the annual GDP of the entire European Union, 1.5 times the annual GDP of the United States, or nearly 30 times the GDP of Taiwan in 2023. This paper studies the economic impact of climate on more than 1,600 regions around the world over the past 40 years, such as how changes in average annual temperature affect changes in economic growth rates, and then uses computer simulations to predict future trends. The results found that compared with the "no warming" scenario, climate change will cause global per capita income to decrease by 18.8% in 26 years. Although almost all countries face economic losses, the biggest losses are those that are the poorest, have the lowest historical cumulative carbon emissions, and are least responsible for carbon emissions. The study estimates that the income losses of the world's poorest countries are 61% higher than those of the richest countries; the income losses of countries with the lowest historical carbon emissions are 40% higher than those of countries with the highest historical carbon emissions. "These phenomena once again highlight the widespread injustice of climate shocks," the paper said. From a regional perspective, wealthy North America and Europe will suffer the least damage, with per capita income expected to decline by 11%; Southeast Asia and East Asia, where Taiwan is located, are expected to decrease by 19%, slightly higher than the global average; the worst-affected areas are South Asia and Africa, where income will decrease by more than 22%. This is just looking at lost income, but climate change also increases other costs of living

2024-05-16

Greenpeace reveals that all 20 of the country’s largest carbon emitters failed in their carbon reduction performance, Taiwan Micron

Greenpeace released the latest report today (10th), integrating the carbon reduction progress of the top 20 domestic carbon-emitting companies such as TSMC, Innolux, Sinosteel and Formosa Plastics, and found that 80% of companies have not reached the carbon reduction goals recommended by the United Nations; Renewal Except for TSMC, the other 19 companies failed in terms of energy use ratio. Greenpeace calls on large carbon emitters to keep up with the international carbon reduction trend, invest in green power for their own use as soon as possible, and take responsibility for carbon reduction. The net-zero goals of most companies are lagging behind the progress of carbon reduction, and they cannot catch up with the progress of carbon reduction. Greenpeace released the "Climate Action Warning Light: Climate Responsibility of Taiwan's 20 Largest Carbon Emissions" report today (10th), taking stock of the reduction of the top 20 carbon emitters in the country. Actions to respond to climate change in various aspects such as carbon and green electricity progress. According to Greenpeace statistics, these 20 largest carbon emitters will account for approximately 43.82% of national carbon emissions in 2022. The list includes 5 "ICT industries" such as TSMC, Innolux, Micron Taiwan, AUO, and UMC, as well as 15 "traditional industries" ” Such as China Steel, Formosa Plastics, PetroChina, etc. Regarding the carbon reduction goals of various companies, Xu Xiangcheng, director of Greenpeace’s climate and energy project, analyzed that most companies have medium and long-term carbon reduction goals, but they are not fully in line with the 43% emission reduction recommended by the United Nations Intergovernmental Panel on Climate Change (IPCC) in 2030. goals and therefore need to be strengthened. Among them, Micron Taiwan lacked the 2050 net-zero target, becoming the only one among the 20 companies that failed. Taking a closer look at the carbon reduction progress of each country, the IPCC recommends that in order to limit warming to 1.5°C, the world needs to reduce 43% by 2030 compared with 2019.

2024-04-10

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>Environmental and ecological related reports

Climate change is a salary and pension thief! Global per capita income in 2050 will be 19% less

2024-05-16

Greenpeace reveals that all 20 of the country’s largest carbon emitters failed in their carbon reduction performance, Taiwan Micron

2024-04-10