Felix Salmon

The Climate Desk launches

By Felix Salmon
April 19, 2010

The Climate Desk has launched! It’s an exciting collaboration, and I’m pleased to be a part of it. My piece is one of two complementary articles; the other comes from Clive Thompson, and explores a lot of the ways that companies are looking to profit from climate change. I, on the other hand, look at corporate attempts to mitigate the downside of climate change — and find them few and far between.

One case in point can actually be found in Clive’s piece: ski resorts like Aspen have a business model which gets destroyed if they can’t attract lots of skiers during spring break in March. If March skiing goes away, as it well might, they could end up losing a great deal of money.

But what’s Aspen Skiing Company doing about it? Well, it’s lobbying Congress, of course, claiming that the ski resort industry “is as endangered as the Polar Bear” and that if people can’t ski in March, “we go out of business”. But this is a risk it’s very hard to hedge, and maybe all it can do, pace Thompson, is call for a cap on carbon emissions.

In any case, the Climate Desk is only just getting started: expect to see lots more great reporting on climate issues going forwards. And, of course, many thanks to everybody who responded to my blegs on this issue. You were invaluable!

6 comments so far | RSS Comments RSS

You could not have timed it better. Is a ‘bleg’ and Icelandic blog ?

Anyhow, further to your Greek spreadsheet model: Foreign reserves graph good:

X1 axis: Months of imports;
Y axis: Calendar Years from 1999;
X2: International liquidity in $ billions;

where International liquidity =

Gold reserves+SDR holdinbgs+Forex reserves = Gross reserves;

Less foreign loans, less foreign deposist received =

International liquidity position = Net Reserves.

Posted by Ghandiolfini | Report as abusive

I missed your previous ‘blegs’ about what companies are doing to adapt to climate change, and I’m sorry I didn’t have a chance to post this before.

One company that is looking very seriously at this is Lloyd’s of London. Take a look at the series of reports that they’ve put out on the subject. http://www.lloyds.com/News_Centre/360_ri sk_insight/The_debate_on_climate_change/ Reports_and_views_on_climate_change.htm

The latest is a pamphlet that they put out on the security risks of climate change to business with the International Institute for Strategic Studies last year.

Posted by hollar01 | Report as abusive

I made a blig mistake blunder, that is Y1, X1 and Y2, the Iranian Chewbacca army and the dozing Pope slides threw me. It is getting all too bloggy much.

Lloyd’s, when they get into the environment, we are really scraping the bottom.

Posted by Ghandiolfini | Report as abusive

W = 3/6(+-cubic kilometers air emissions) + 2/6(+-cubic kilometers water emissions) +1/6 (+-cubic kilometers ground emissions).

Where W = Waste is a positive or negative result.

Let’s refine this:W = ½(+-x cubed kilometres air) + 1/3(+-y cubed kilometres water) + 1/6(+-z cubed kilometres ground).

If positive, i.e. in your favor, you sit with a carbon debit, as an asset, and with a credit to a non-distributable reserve

If negative, i.e. against your favor, you sit with a carbon credit, as a liability, and with a debit to a distributable reserve.

The hob knobs must just ask all 190 countries to come up with a fuzzy ‘y’ and stick it into a terraflop (sic) computer for simultaneous solving. The result WILL be a net debit as an asset, as everybody will cheat.

So then we redo it with optimized equation solving until we sort it out and start carrying it on governments’/corporates’ balance sheets as assets or liabilities.

Only then can we start trading carbon debits and credits.

Posted by Ghandiolfini | Report as abusive

…all I see on this web page today is cars and aeroplanes, whatever happened to Amtrak ?

Posted by Ghandiolfini | Report as abusive

Climate change is a global problem, and yet each one of us has the power to make a difference. Even small changes in our daily behaviour can help prevent greenhouse gas emissions without affecting our quality of life. In fact, they can help save us money!

Posted by ascoss | Report as abusive

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