Tag Archives: climate change

11 square miles of moss

11 square miles covered with moss since 1986 just doesn’t sound all that dramatic to me, but apparently for Antarctica this is a big deal and not a good sign. Apparently it has been happening for awhile in (originally sarcastically named?) Greenland, and it is not as big of a surprise there, but it is still not a good sign.

Jeff Masters on U.S. Climate Havens

Jeff Masters at Yale Climate Connections has an article with a massive list of articles, books and tools on climate risks in various geographic areas of the U.S. You could really spend a lot of time drilling down through all these sources, even to research just one location. He does make the point, however, that moving away from extended family and other social ties can be bad for a person/family’s resilience in general, so you should consider that tradeoff before deciding whether to move.

June 2024 in Review

Most frightening and/or depressing story: Some self-labeled “conservatives” in the United States want to do away with the National Oceanic and Atmospheric Administration, the Census Bureau, the Internal Revenue Service, the Federal Emergency Management Agency, the National Institutes of Health, the Department of Education, and possibly even the Federal Reserve. All these are needed to have a competent, stable government and society and to be prepared to respond and recover from the shocks that are coming, so I would call this nihilist and not “conservative” at all. How is it conservative to want to destroy the institutions that have underpinned the success of our nation thus far? On the other hand, they also want to double down on the unimaginative pro-big-business, pro-war consensus of the two major parties over the last 50 years or so, which has also gotten us to where we are today. And it looks like the amateurs and psychopaths have the upper hand at the moment in terms of our November election. This is certainly not “morning in America”.

Most hopeful story: Computer-controlled cars are slowly but surely attaining widespread commercial rollout. I don’t care what the cynics say – this will save land, money and lives. And combined with renewable and/or nuclear energy, it could play a big role in turning the corner on the climate crisis.

Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: I had a misconception that if the world reduces greenhouse gases today, the benefits will not kick in for decades. Happily, scientists’ understanding of this has been updated and I will update my own understanding along with that. The key is the ocean’s ability to absorb excess carbon dioxide from the atmosphere relatively quickly. (I am not sure this is good for the ocean itself, but it is somewhat hopeful for temperatures here on land.) And it is not all or nothing – any emissions reductions will help, so the failure to act in the past is not an excuse to continue to fail to act.

today’s warming is not the result of emissions decades ago…well, it is and it isn’t

I’ve repeated a couple times that if emissions were stabilized today, the climate would continue warming for decades. I am not a complete idiot, because this was the scientific understanding at one time, but it is time for me to update my understanding. Michael Mann explains:

The conventional wisdom was once that warming would continue on for decades even if we stopped emitting carbon into the atmosphere due to the sluggishness of the oceans, which continue to warm up even after CO2 stops increasing. This is known as committed warming. But committed warming is only half of the story, an artifact of simplistic early climate modeling experiments in which CO2 levels are kept fixed after the hypothetical cessation of emissions.

Later, more comprehensive simulations with interactive ocean carbon cycle dynamics revealed that CO2 levels actually drop after emissions cease as the oceans continue to draw carbon down from the atmosphere. That decrease in the greenhouse effect cancels out the committed warming, and the result is an essentially flat line. In other words, global temperatures stabilize quickly once net carbon emissions drop to zero.

aps.org

So today’s temperatures are the result of emissions over the past decades, but today’s rate of increase in temperature is about the current rate of emissions or at least very recent emissions. This article doesn’t explain, but I think it makes sense, that global temperatures would start to drop at some point as the oceans continued to soak up carbon dioxide from the atmosphere. (I’m ignoring ocean acidification for the moment – perhaps this would never be reversed?) This would be encouraging if there were any serious commitment among the world’s governments and institutions to stop emissions in the near future. Nonetheless, Mann points out that the damage already done is not a logical excuse to stop doing further damage. Any action will reduce the severity of future impacts, even if the floor for those impacts has already been baked in.

the remaining carbon budget

The last IPCC release covered conditions as of about 2019. There is an effort now to update estimates of key indicators annually in between IPCC reports, called the Indicators of Global Climate Change 2023: annual update of key indicators of the state of the climate system and human influence. I could easily spend a whole day reading and trying to understand the details of this one paper. I’ll pull out just one indicator, which is the “remaining carbon budget”. This metric looks not at annual emissions but at the cumulative amount of carbon emitted since 1850 and how much can still be emitted to keep average global warming under 1.5 degrees C. The results are almost laughable. The IPCC put the remaining budget at 500 Gt (billion metric tons) of carbon dioxide from the start of 2020. This update puts the remaining budget as of the start of 2024 at 200 Gt. Annual emissions are in the 50-55 Gt range, so using very rough layman’s math we have 4 years remaining. There are many reasons this is complicated and uncertain, including periodic adjustment of the target itself, emissions of gases other than carbon dioxide, and aerosols to name a few. But nonetheless, we are a few years away and it is clear the world would be on track to miss this target even if it were making a coordinated effort to prevent this, which it is clearly not. This is not a reason to throw up our hands of course. Any effort to limit the damage, no matter how small or how late, may help lessen or delay the catastrophe we are currently headed for.

copernicus.org

Project 2025, Part 3

Continuing to tackle this thing with the section called “the general welfare”. I’m just reading the summary since the thing is so long. Various authors want to:

  • End Medicare and Medicaid. [We are the only developed country without a health care system, and our population is suffering for it. This is a shameless giveaway to the finance/insurance industry.]
  • Gut the National Institutes of Health and the CDC. The section makes wild, conspiracy theory-driven claims that there was no scientific evidence that masks or vaccines helped end the Covid-19 epidemic. [Pardon me, but this is radical, dangerous, ignorant, lying bullshit! This also means our nation will not be prepared to respond and recover from the next pandemic, be it of natural or bioweapon origin. This puts our nation at huge risk and is therefore wildly irresponsible and unpatriotic.]
  • Double down on fossil fuels, end promotion of alternative energy, fuel efficient and electric vehicles. [We are going to lose our food supply and our coastal cities. This is a shameless giveaway to the fossil energy industry, and it is EVIL.]
  • End the Department of Education and let parents decide what their children will believe about the world. This is basically driven by the Christian Nationalist, homophobic agenda, although somewhere in there is a shameless giveaway to the charter school lobby.
  • Regarding the EPA – well, finally, here is a federal agency I actually know something about, having spent decades helping local governments and water utilities comply with its mandates. This section doesn’t say a lot about water, and what it does say is not all that controversial – it even has some love for the state revolving loan funds. Otherwise, this section focuses mostly on rolling back regulation of fossil fuels and vehicle fuel efficiency (which in the EPA context means allowing more air pollution), ignoring greenhouse gases, and otherwise leaving most regulation to the states. They want to slash much of EPA’s research and science agenda, and shift oversight of enforcement actions from lawyers to political appointees. None of this is particularly radical, only “conservative” and would probably take us more or less back to the Bush or Reagan years. Failing to regulate greenhouse gases is a crucial moral and practical unforced error for our country of course, I am just saying it is fully consistent with the shameless giveaway to wealth and power agenda the Republican Party has been pushing for the last 50 years.
  • Basically bring the DOJ and FBI fully under the control of political appointees. Actually, the propaganda narrative is that the Biden administration has done this, while in reality this is a good example of doublespeak where you accuse your opponent of doing exactly the thing that you plan to do, so that any protest sounds like a childish “I know you are but what am I”?

2023 in Review

Warning: This post is not 100% family friendly and profanity free. 2023 was just not that kind of year!

I’ll start with a personal note. After 24+ years of engineering consulting practice, I have decided to leave the world of full-time professional employment and go back to school for a bit. This is some combination of mid-life crisis and post-Covid working parent burnout. I spent a lot of time thinking about it, ran all the financial numbers, and decided I can swing it for a year or so without major implications for my eventual retirement 15-ish years down the line. So, gentle reader, you too can do this sort of thing if you want to. Just be patient, plan, prepare, do the math, and be rational about it.

The Year’s Posts

Stories I picked as “most frightening or depressing”:

  • JANUARY: How about a roundup of awful things, like the corrupt illegitimate U.S. Supreme Court, ongoing grisly wars, the CIA killed JFK after all (?), nuclear proliferation, ethnic cleansing, mass incarceration, Guantanamo Bay, and all talk no walk on climate change? And let’s hope there is a special circle of hell waiting for propaganda artists who worked for Exxon.
  • FEBRUARY: Pfizer says they are not doing gain of function research on potential extinction viruses. But they totally could if they wanted to. And this at a time when the “lab leak hypothesis” is peeking out from the headlines again. I also became concerned about bird flu, then managed to convince myself that maybe it is not a huge risk at the moment, but definitely a significant risk over time.
  • MARCH: The Covid-19 “lab leak hypothesis” is still out there. Is this even news? I’m not sure. But what is frightening to me is that deadly natural and engineered pathogens are being worked with in labs, and they almost inevitably will escape or be released intentionally to threaten us all at some point. It’s like nuclear proliferation, accidents, and terrorism – we have had a lot of near misses and a lot of luck over the last 70 years or so. Can we afford the same with biological threats (not to mention nuclear threats) – I think no. Are we doing enough as a civilization to mitigate this civilization-ending threat? I think almost certainly, obviously not. What are we doing? What are we thinking?
  • APRIL: Chemicals, they’re everywhere! And there were 20,000 accidents with them in 2022 that caused injuries, accidents, or death. Some are useful, some are risky, and some are both. We could do a better job handling and transporting them, we could get rid of the truly useless and dangerous ones, and we could work harder on finding substitutes for the useful but dangerous ones. And we could get rid of a corrupt political system where chemical companies pay the cost of running for office and then reward candidates who say and do what they are told.
  • MAY: There are more “nuclear capable states” than I thought.
  • JUNE: Most frightening and/or depressing story: Before 2007, Americans bought around 7 million guns per year. By 2016, it was around 17 million. In 2020, it was 23 million. Those are the facts and figures. Now for my opinion: no matter how responsible the vast majority of gun owners are, you are going to have a lot more suicides, homicides, and fatal accidents with so many guns around. And sure enough, firearms are now the leading cause of death in children according to CDC. That makes me sick to think about.
  • JULY: Citizens United. Seriously, this might be the moment the United States of America jumped the shark. I’ve argued in the past or Bush v. Gore. But what blindingly obvious characteristic do these two things have in common? THE CORRUPT ILLEGITIMATE UNITED STATES SUPREME COURT!!!
  • AUGUST: Immigration pressure and anti-immigration politics are already a problem in the U.S. and Europe, and climate change is going to make it worse. The 2023 WEF Global Risks Report agrees that “large scale involuntary migration” is going to be up there as an issue. We should not be angry at immigrants, we should be angry at Exxon and the rest of the energy industry, which made an intentional choice not only to directly cause all this but to prevent governments from even understanding the problem let alone doing anything to solve it. We should be very, very angry! Are there any talented politicians out there who know how to stoke anger and channel it for positive change, or is it just the evil genocidal impulses you know how to stoke?
  • SEPTEMBER: “the accumulation of physical and knowledge capital to substitute natural resources cannot guarantee green growth“. Green growth, in my own words, is the state where technological innovation allows increased human activity without a corresponding increase in environmental impact. In other words, this article concludes that technological innovation may not be able to save us. This would be bad, because this is a happy story where our civilization has a “soft landing” rather than a major course correction or a major disaster. There are some signs that human population growth may turn the corner (i.e., go from slowing down to actually decreasing in absolute numbers) relatively soon. Based on this, I speculated that “by focusing on per-capita wealth and income as a metric, rather than total national wealth and income, we can try to come up with ways to improve the quality of human lives rather than just increasing total money spent, activity, and environmental impact ceaselessly. What would this mean for “markets”? I’m not sure, but if we can accelerate productivity growth, and spread the gains fairly among the shrinking pool of humans, I don’t see why it has to be so bad.”
  • OCTOBER: Israel-Palestine. From the long-term grind of the failure to make peace and respect human rights, to the acute horror causing so much human suffering and death at this moment, to the specter of an Israeli and/or U.S. attack on Iran. It’s frightening and depressing – but of course it is not my feelings that matter here, but all the people who are suffering and going to suffer horribly because of this. The most positive thing I can think of to say is that when the dust settles, possibly years from now, maybe cooler heads will prevail on all sides. Honorable mention for most frightening story is the 2024 U.S. Presidential election starting to get more real – I am sure I and everyone else will have more to say about this in the coming (exactly one year as I write this on November 5, 2023) year!
  • NOVEMBER: An economic model that underlies a lot of climate policy may be too conservative. I don’t think this matters much because the world is doing too little, too late even according to the conservative model. Meanwhile, the ice shelves holding back Greenland are in worse shape than previously thought.
  • DECEMBER: Migration pressure and right wing politics create a toxic feedback loop practically everywhere in the world.

Stories I picked as “most hopeful”:

  • JANUARY: Bill Gates says a gene therapy-based cure for HIV could be 10-15 years away.
  • FEBRUARY:  Jimmy Carter is still alive as I write this. The vision for peace he laid out in his 2002 Nobel Peace Prize acceptance speech is well worth a read today. “To suggest that war can prevent war is a base play on words and a despicable form of warmongering. The objective of any who sincerely believe in peace clearly must be to exhaust every honorable recourse in the effort to save the peace. The world has had ample evidence that war begets only conditions that beget further war.”
  • MARCH: Just stop your motor vehicle and let elephants cross the road when and where they want to. Seriously, don’t mess with elephants.
  • APRIL: There has been some progress on phages, viruses intentionally designed to kill antibiotic-resistant bacteria. Also, anti-aging pills may be around the corner.
  • MAY: The U.S. Congress is ponying up $31 billion to give Houston a chance at a future. Many more coastal cities will need to be protected from sea level rise and intensifying storms. Now we will see if the U.S. can do coastal protection right (just ask the Dutch or Danish, no need to reinvent anything), and how many of the coastal cities it will get to before it is too late.
  • JUNE: It makes a lot of sense to tax land based on its potential developed value, whether it has been developed to that level or not. This discourages land speculation, vacant and abandoned property in cities while raising revenue that can offset other taxes.
  • JULY: There is a tiny glimmer of hope that Americans might actually value more walkable communities. And this is also a tiny glimmer of hope for the stability of our global climate, driver/bicyclist/pedestrian injuries and deaths, and the gruesome toll of obesity and diabetes. But it is only a glimmer.
  • AUGUST: Peak natural gas demand could happen by 2030, with the shift being to nuclear and renewables.
  • SEPTEMBER: Autonomous vehicles kill and maim far, far fewer human beings than vehicles driven by humans. I consider this a happy story no matter how matter how much the media hypes each accident autonomous vehicles are involved in while ignoring the tens of thousands of Americans and millions of human beings snuffed out each year by human drivers. I think at some point, insurance companies will start to agree with me and hike premiums on human drivers through the roof. Autonomous parking also has a huge potential to free up space in our urban areas.
  • OCTOBER: Flesh eating bacteria is becoming slightly more common, but seriously you are not that likely to get it. And this really was the most positive statement I could come up with this month!
  • NOVEMBER: Small modular nuclear reactors have been permitted for the first time in the United States, although it looks like the specific project that was permitted will not go through. Meanwhile construction of new nuclear weapons is accelerating (sorry, not hopeful, but I couldn’t help pointing out the contrast…)
  • DECEMBER: I mused about ways to create an early warning system that things in the world or a given country are about to go seriously wrong: “an analysis of government budgets, financial markets, and some demographic/migration data to see where various governments’ priorities lie relative to what their priorities probably should be to successfully address long-term challenges, and their likely ability to bounce back from various types and magnitudes of shock. You could probably develop some kind of risk index at the national and global levels based on this.” Not all that hopeful, you say? Well, I say it fits the mood as we end a sour year.

Stories I picked as “most interesting, not particularly frightening or hopeful, or perhaps a mixture of both”:

  • JANUARY: Genetically engineered beating pig hearts have been sown into dead human bodies. More than once.
  • FEBRUARY: It was slim pickings this month, but Jupiter affects the Sun’s orbit, just a little bit.
  • MARCHChickie Nobs have arrived!
  • APRIL: I had heard the story of the Google engineer who was fired for publicly releasing a conversation with LaMDA, a Google AI. But I hadn’t read the conversation. Well, here it is.
  • MAY: Peter Turchin’s new book proposes four indicators presaging political instability: “stagnating or declining real wages, a growing gap between rich and poor, overproduction of young graduates with advanced degrees, declining public trust, and exploding public debt“. I found myself puzzled by the “overproduction of young graduates” part, and actually had a brief email exchange with Peter Turchin himself, which I very much appreciated! Anyway, he said the problem is not education per se but “credentialism”. I have to think some more about this, but I suppose the idea is that education, like health, wealth, and almost everything else, is not equally distributed but is being horded by a particular class which is not contributing its fair share. These are my words, not Peter’s, and he might or might not agree with my characterization here.
  • JUNE: The U.S. may have alien spacecraft at Area 51 after all. Or, and this is purely my speculation, they might have discovered anti-gravity and want to throw everybody else off the scent.
  • JULY: We are all susceptible to the “end of history effect” in that we tend to assume our personalities will not change in the future, when in fact they almost certainly will. So one way to make decisions is to imagine how a few different possible future yous might look back on them.
  • AUGUST: There are a number of theories on why “western elites” have not been (perceived to be) effective in responding to crises in recent years and decades. Many have to do with institutional power dynamics, where the incentives of the individual to gain power within the institution do not align with the stated goals of the institution. Like for example, not killing everyone. The possible silver lining would be that better institutions could be designed where incentives aligned. I have an alternate, or possibly complementary, theory that there has been a decline in system thinking and moral thinking. Our leaders aren’t educated to see the systems and or think enough about whether their decisions are on the side of right or wrong.
  • SEPTEMBER: Venice has completed a major storm surge barrier project.
  • OCTOBER: The generally accepted story of the “green revolution“, that humanity saved itself from widespread famine in the face of population growth by learning to dump massive quantities of fossil fuel-derived fertilizer on farm fields, may not be fully true.
  • NOVEMBER: India somehow manages to maintain diplomatic relations with Palestine (which they recognize as a state along with 138 other UN members), Israel, and Iran at the same time.
  • DECEMBER: Did an AI named “Q Star” wake up and become super-intelligent this month?

And Now, My Brilliant Analytical Synthesis!

Climate Change. Well really, I’m likely to just say things now I have said many times before. The climate change shit is really starting to hit the fan. Our largely coastal civilization and the food supply that sustains it is at risk. The shit we can obviously see hitting the fan right now is the result of emissions years if not decades ago, and we have continued to not only emit too much but to emit too much at an increasing rate since those emissions, and we continue to not only emit too much but to emit at an increasing rate today. This means that even if we stop emitting too much right now and going forward, the crisis will continue to get worse for some time before it eventually gets better. And we are not doing that, we are continuing to not only emit too much but we are doing it at an increasing rate. We are already seeing the beginnings of massive population movements fueling a downward spiral of nationalist and outright racist geopolitics, which makes it even harder to come together and address our critical planetary carrying capacity issue in a rational manner. We are not only seeing “the return of great power competition”, we are insanely patting ourselves on the back for aiding and abetting this, and piling nuclear proliferation on top of it. Is a soft landing possible in this situation? I am not going to tell you I think it is, or even if it is possible that our species and cowards that pass for our leadership have any hope of making it happen. I think about the best we can hope for is some kind of serious but manageable collapse or crisis that brings us to our senses and allows some real leaders to emerge. To throw out one idea, maybe we could come to a new era of arms reduction for the major nuclear powers, and halts to proliferation for all the emerging nuclear powers, in exchange for civilian nuclear power for everyone who wants it, all under a strict international control and inspection regime. This would begin to address two existential risks (nuclear war and climate change) at once. Or maybe, just maybe, we are on the verge of a massive acceleration of technological progress that could make problems easier to solve. Maybe, but new technology also comes with new risks, and we shouldn’t put all our eggs in this basket. Besides, the singularity is nearing but it still feels a decade or so away to me.

UFOs. Aside from all of that, maybe the weirdest single thing going on in the world right now is the UFOs. There seems to be no real controversy about them – they are out there. They are flying around and if not defying the laws of physics as we know them, defying any technology that is able to accommodate the laws of physics as we know them. And what this logically leads to is that somebody (or some intelligent entity) knows something about the laws of physics that the rest of us do not know. Einstein explained how gravity behaves, but he wasn’t able to fully explain what gravity is or certainly how or why it came to be the way it is. Einstein’s predictions have since been proven through incontrovertible evidence, and the predictions of quantum theory have also been incontrovertibly proven, but the two theories are still at odds and in need of unification despite the efforts of the most brilliant minds today. But…are the most brilliant minds today operating in the open, or are they behind closed doors at private defense contractors and subject to censorship on national security grounds? If there has been a major discovery, would it see the light of day or would it be suppressed? I have no information here, I am just saying this is a narrative that would fit the evidence, and I don’t see other plausible narratives that fit the evidence. Why would aliens be playing with relatively easily discoverable toys in our atmosphere, while in the meantime we have discovered no radio signal evidence, no evidence of their existence in our telescopes? Those things would be very hard if not impossible to cover up, so I think we would know. The Fermi Paradox persists.

Artificial Intelligence. I tend to think the AI hype is ahead of the reality. Nonetheless, the reality is coming. It will probably seize control without our noticing after the hype has passed. Is it possible we could look back in a decade and identify 2023 as the year it woke up? There were a couple queer (in the original dictionary sense – I just couldn’t think of a better word) stories in 2023. One was a Google engineer getting fired after publicly declaring his belief that a Google AI had become conscious. The other was the “ethics board” of a major corporation firing its CEO in relation to a rumored artificial general intelligence breakthrough. Only time will tell what really happened in these cases (if it is ever made public), but one thing we can say is that technological progress does not usually go backwards.

Synthetic Biology. It’s pretty clear we are now in an age of synthetic biology breakthroughs that was hyped over the last few decades, and the media and publics of the world are predictably yawning and ignoring. But we are hearing about vaccines and cures on the horizon for diseases that have long plagued us, genetically engineered organs, synthetic meat, engineered viruses to fight antibiotic-resistant bacteria, and anti-aging pills among other things. And then there is the specter of lab accidents and biological weapons, which might be the single most scary thing in the world today out of all the terrifying things I have mentioned in this post.

2024 U.S. Presidential Election. Ugh, I’m still not ready to think about it, but it is going to happen whether I am ready to think about it or not. I’ll get around to thinking and writing about it soon, I’m sure.

Happy 2024!

Project Syndicate 2024 Look-Ahead

There is nothing extremely surprising here, but here are a few things their commentators mention:

  • Things in Africa seem to be going in the wrong direction recently, for those who prefer peace and democracy, with a variety of military takeovers and regional conflicts in many parts of the continent. In North Africa, things are just kind of politically and economically stagnant.
  • The crypto-currency hype bubble seems to have burst for the time being.
  • The Russia-Ukraine and Israel-Gaza conflicts just grind on, with horrendous human consequences. It doesn’t seem crazy to think that we could hope for some sort of negotiations to start over the course of the next entire year. What will these lead towards – a demilitarized zone, semi-autonomous federalist regions of some sort, promises by NATO to table any expansion talk for a decade or so? These all seem rational to me. Biden could try to get this done before the U.S. elections. I like to think that at the situation in Gaza can’t be worse a year from now than it is this New Year’s Eve (as I write this), because it is about as awful as anything can get. It also occurs to me that this may be a particularly awful war in terms in civilian suffering, but it is also a very public and well-reported war partly because there were so many international and media organizations present in Gaza to begin with. I suspect all wars are horrible for civilians, and we just happen to be seeing more of this one up close and personal than we usually see. For example, there is a horrible conflict in Myanmar that we don’t hear much about in the U.S. media. And I think I already mentioned ugly conflicts in Africa. So let’s stop pretending there is any such thing as humanitarian war and start getting serious about peace and human rights in 2024.
  • Some people think there will be a U.S.-China military throwdown over Taiwan in 2024. I sincerely hope not, and I my sense is that China is a bit too rational and long-term thinking to let this happen. The U.S.? I’m not so sure. I will expect lots of heated rhetoric, maybe some dirty election/spy tricks, and maybe some limited naval conflict which hopefully won’t turn into a world war which clearly is in nobody’s interest. Everybody will try to show that they have the biggest, hairiest balls in the room during the U.S. election season. Or could some charismatic leader emerge with a compelling peace message? I am not this hopeful.
  • The U.S. election season is going to be simply looney tunes. I don’t know what else to say. Well, I will probably think of plenty to say when I get a chance to start thinking it through. There are also elections happening in other parts of the world, of course.
  • Hopefully the U.S. and world economy will continue to bump along, with inflation gradually subsiding and no major recessions. Inequality will continue to increase most likely.
  • The artificial intelligence hype bubble will continue to inflate in 2024. It will burst of course, but if I had to wager I would wager on this being the year it happens. A hype bubble bursting does not mean the technology will cease to progress, of course.
  • Serious action on climate change will be overshadowed by all the wars and geopolitical dirty tricks going on in the world today. And the crisis will continue to build. It’s about the security of our food supply and the continued existence of our coastal cities, idiots. Leaders, where are you?

“Our Megathreatened Age”

The “Megathreats” according to Nouriel Roubini are that “economic, monetary, and financial threats are rising and interacting in dangerous ways with various other social, political, geopolitical, environmental, health, and technological developments.”

This is a long article with a lot in it, but one thing I always like to puzzle over is how real-world phenomena translate to money and financial markets. One advantage of understanding this would be to find numbers provided by financial markets that translate back to the real world, and in an ideal case maybe these could even serve as early warnings when things are really about to go seriously wrong. Anyway, this article doesn’t have all the answers, only clues, but here are a few:

  • energy and food costs – this is fairly obvious, although short-term noise may obscure any useful predictive ability
  • labor costs – tells us something about demographics and population structure
  • public debt servicing costs – maybe a more useful thing to think about than just the size of the debt or deficit, because it tells us something about the size of the debt, interest rates, and inflation together, and it can be compared to tax revenues and/or a society’s overall productive capacity. This in turn tells us something about limits to (economic) growth and the ability of a society to weather potential shocks.
  • military spending on conventional and unconventional weapons – not exactly public information, but there are some sources out there, and this tells us something both about overall global risk and about government’s priorities and ability to solve other problems
  • climate change adaptation and mitigation spending, and gap between actual spending and what is needed to meet the agreed targets – not sure exactly how to measure this, but people must be trying. We could compare this spending with measured results to get some sense of efficiency, and again it tells us something about government priorities and ability to solve long-term problems. Roubini compares climate spending to reconstruction after a war, which I find interesting: “Though a surge of investment in reconstruction can produce an economic expansion, the country is still poorer for having lost a large share of its wealth. The same is true of climate investments. A significant share of the existing capital stock will have to be replaced, either because it has become obsolete or because it has been destroyed by climate-driven events.”
  • “unfunded implicit liabilities” to deal with pandemic preparedness. Again, seems hard to measure but people are undoubtedly trying.
  • “To prevent populist regimes from coming to power and pursuing reckless, unsustainable economic policies, liberal democracies will need to spend heavily to reinforce their social safety nets – as many are already doing.” Well, not the U.S. so much. At least we are not doubling down on this, and the political cost of advocating it seems high while opposing it seems to appeal to many voters.
  • Retirement pension and health care spending, actual and estimated gap with what is needed.
  • long-term government bond rates, and “risk premia on public bonds” – tells us something about perceived risk that a government can keep up with its obligations long-term
  • mix of foreign currency reserves held by governments – somewhat obscure, but again a measure of risk that governments can meet their obligations and solve their societal problems
  • We can always measure fun things like poverty, inequality, and migration, and of course “stagflation” which I would define as real GDP growth net of inflation.

Taken together, what all this suggests to me is an analysis of government budgets, financial markets, and some demographic/migration data to see where various governments’ priorities lie relative to what their priorities probably should be to successfully address long-term challenges, and their likely ability to bounce back from various types and magnitudes of shock. You could probably develop some kind of risk index at the national and global levels based on this. And then what would you do with it? If you were a rational government, you could choose policies that reduce it. Maybe you turn everything over to the AIs and ask them to figure it out.

November 2023 in Review

Most frightening and/or depressing story: An economic model that underlies a lot of climate policy may be too conservative. I don’t think this matters much because the world is doing too little, too late even according to the conservative model. Meanwhile, the ice shelves holding back Greenland are in worse shape than previously thought.

Most hopeful story: Small modular nuclear reactors have been permitted for the first time in the United States, although it looks like the specific project that was permitted will not go through. Meanwhile construction of new nuclear weapons is accelerating (sorry, not hopeful, but I couldn’t help pointing out the contrast…)

Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: India somehow manages to maintain diplomatic relations with Palestine (which they recognize as a state along with 138 other UN members), Israel, and Iran at the same time.