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Glasgow Agreement, A Plan of Our Own

By the Glasgow Agreement - Common Dreams, November 16, 2020

Rather than plans dictated from the top—which have proven not only to be unfair and destructive, but not even reach the necessary emissions cuts—we will build a plan of our own, from below.

We are once again at a crossroads. The COP-26 in Glasgow has been postponed due to the Covid-19 pandemic, but the climate collapse may already be upon us, with warning signs coming simultaneously from all around the world: the forest fires in California, in the Amazon and Pantanal, the floods in Bangladesh and Afghanistan, the collapse in Greenland’s ice shelves. These are now weekly events. They are the most visible symptoms of an ill-fated system.

Institutions, ministries, sections, departments, treaties, protocols and agreements have been created and signed, but greenhouse gas emissions' records kept on being shattered, as a consequence of the systematic failure to address the root causes of the problem from a systemic perspective. The demand from the climate justice movement to join the dots between overlapping crises (environmental degradation, social injustice, racial oppression, gender injustice, inequalities) which have been going for decades now, keeps being ignored.

Achieving a just and egalitarian world, which respects planetary limits, and therefore guarantees a safe climate system, implies addressing intrinsic elements such as colonialism, labour, imbalance of power, participation, or the search for benefits for a few at the cost of the majority, just to mention a few aspects. Patches and empty speeches will still not work; there will always be an economic or financial justification to legitimize the polluters who have caused the problem.

To say that institutions have not delivered on the struggle against climate change may be the biggest understatement in human history. Emissions have not only not decreased in the necessary level to stop us reaching the point of no return, they have not decreased at all. Since the beginning of climate negotiations, emissions from fossil fuels have only dropped in the years of 2008 and in 2020. Neither happened because of climate action or institutional agreements, but due to capitalist and health crises.

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Manufacturing Output and Extreme Temperature: Evidence from Canada

By Philippe Kabore and Nicholas Rivers - Smart Prosperity Institute, November 2020

This paper analyzes the effects of extreme temperature on manufacturing output using a dataset covering the universe of manufacturing establishments in Canada from 2004 to 2012. Extreme temperature can affect manufacturing activity by affecting separately or jointly labour productivity and labour inputs. Using a panel fixed effects method, our results suggest a non linear relationship between outdoor extreme temperature and manufacturing output. Each day where outdoor mean temperatures are below -18°C or above 24°C reduces annual manufacturing output by 0.18% and 0.11%, respectively, relative to a day with mean temperature between 12° to 18°C. In a typical year, extreme temperatures, as measured by the number of days below -18°C or above 24°C, reduce annual manufacturing output by 2.2%, with extreme hot temperatures contributing the most to this impact. Given the predicted change in climate for the mid and end of century, we predict annual manufacturing output losses to range between 2.8 to 3.7% in mid-century and 3.7 to 7.2% in end of century.

Read the text (PDF).

Bailed Out and Propped Up: US Fossil Fuel Pandemic Bailouts Climb Towards $15 Billion

By Dan L. Wagner, Christopher Kuveke, Alan Zibel, and Lukas Ross - Bailout Watch, Public Service, Friends of the Earth, November 2022

The fossil fuel industry received between $10.4 billion and $15.2 billion in direct economic relief from federal efforts under President Donald Trump.

During a year of massive economic losses caused by climate change-driven wildfires and hurricanes, the U.S. government has sent billions in pandemic-related economic aid to the fossil fuel companies most responsible for catastrophic climate damage.

An analysis by BailoutWatch, Public Citizen, and Friends of the Earth reveals the fossil fuel industry received between $10.4 billion and $15.2 billion in direct economic relief from federal efforts under President Donald Trump to sustain the economy through the pandemic.

These direct benefits were magnified by indirect lifelines, most notably the implied seal of approval conferred on some companies’ debt when the Federal Reserve bought $432 million in oil and gas bonds from private investors on the secondary market. The Fed earlier signaled its support for the broader bond market, including junk-rated debt, by buying Exchange-Traded Funds that included $735.4 million of fossil fuel bonds.

By demonstrating its willingness to take on fossil fuel debt — and risky debt from any part of the economy — the Fed drew private investors back into a shaky market. This fueled a lending boom of more than $93 billion in new bond issuances by oil and gas companies since the Fed intervened in March — the fastest rate of energy bond issuance since at least 2010.

The Fed’s bond purchases, along with the new issuances they spurred, amounted to indirect benefits totaling $94.7 billion. Together with direct benefits worth up to $15.2 billion, likely more, the 2020 fossil fuel bailouts add up to $110 billion.

Read the text (PDF).

European Journal of Industrial Relations Special Issue on Climate Change and Just Transition

By Elizabeth Perry - Work and Climate Change Report, October 20, 2020

“Trade Unions, Climate Change and Just Transition” is the theme of the December 2020 special issue of the European Journal of Industrial Relations (Volume 26 #4). In the introduction, EJIR editor Guglielmo Meardi acknowledges the paucity of academic industrial relations research on the issues of climate change, and states: “This Special Issue, edited with passion and experience by Linda Clarke and Carla Lipsig-Mummé, helps to fill the void. Its articles map the dilemmas of trade unions with regard to climate change and disentangle the issues raised by the idea of a Just Transition to a carbon-neutral economy. They show evidence of variation and influence in trade union actions on climate change and will certainly inspire more research on the complex problems they present.” 

All article abstracts are available here ; access to the full articles is restricted to subscribers. The following list links to the authors’ abstracts: “Future conditional: From just transition to radical transformation?” by Linda Clarke and Carla Lipsig-Mummé; “Just Transition on the ground: Challenges and opportunities for social dialogue”, by Béla Galgóczi; “Trade union strategies on climate change mitigation: Between opposition, hedging and support”, by Adrien Thomas and Nadja Doerflinger; “Unions and the green transition in construction in Europe: Contrasting visions”, by Linda Clarke and Melahat Sahin-Dikmen; “Innovating for energy efficiency: Digital gamification in the European steel industry”, by Dean Stroud, Claire Evans and Martin Weinel; and “From Treadmill of Production to Just Transition and Beyond” by Paolo Tomassetti.

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