your money, your life, your choice | California, cars, CO2

California, in so many ways, could learn from the US Northeast. 

To reduce CO2 and and greenhouse gas emissions from cars, a continuing and increasing issue in California and elsewhere, cities need data—ways to accurately measure emissions, pinpoint sources, and monitor change over time; cities need to know how much CO2 they are producing and reducing.

A tool called ACES (Anthropogenic Carbon Emissions System) was developed in response to the requirement for data by researchers at Boston University and Harvard. ACES offers finely-grained maps of CO2 emissions, with a resolution of 1km2, totaled hourly.

As we know, per our atmosphere – the air, its particular mix of gaseous elements, and its temperatures, together vital to life, inclusive of human, animal, and plant – CO2 and other greenhouse gases are an issue, in many ways.

California has “targets” to meet by the year 2020 for limiting the greenhouse gases associated with the driving that people do on a daily basis. The approach to greenhouse gases associated with the driving that people do on a daily basis has a heightened level of complexity in California. Driving a car, rather than availing oneself of public transportation such as a subway, metro, or bus, is a norm that people are highly unwilling and actually afraid to examine and rethink. The many localities within the state have made limited investment in public transportation in significant part because taking such modes of transportation is largely considered to be beneath the dignity – whether personal, social, or professional – of and compromising to anybody with a sense of self esteem.

While the “hope” has been that climate emissions might be curbed largely by promoting regional planning of denser development along transit lines ( S.B. 375, the Sustainable Communities and Climate Protection Act, a landmark 2008 deal, with the California legislature recognizing the critical role of integrated transportation, land use, and housing decisions to meet state climate goals), the California Air Resources Board 2018 Progress Report released in November documents that driving of cars has skyrocketed statewide during the years following the recession of 2008 – 2009 through 2016.

A “key finding of this report is that California is not on track to meet the greenhouse gas reductions expected under SB 375 for 2020, with emissions from statewide passenger vehicle travel per capita increasing and going in the wrong direction” (page 4) and “emissions from the transportation sector continuing to rise despite increases in fuel efficiency and decreases in the carbon content of fuel” (page 5).

Top air quality officials in California state they currently have no way to fully assess whether regions from San Diego to Sacramento are on track to meet 2020 targets for reigning in greenhouse gases associated with daily driving. While “greenhouse gas emissions considered under the SB 375 program reflect carbon-dioxide (CO2) emissions only from light-duty passenger vehicles” (page 21, footnote 22), the California Air Resources Board 2018 Progress Report states, “SB 375 passenger vehicle greenhouse gas emissions reductions cannot be directly measured because greenhouse gas emissions come from many sources” (page 21).

Air board officials said that while they tracked the key metric of vehicle miles traveled, or VMT, available statewide through fuel sales, that same information wasn’t available regionally. Without that, officials say there is no consistent way to extrapolate greenhouse gas emissions from driving for each region.

There’s no unifying way to bring it all together and say ‘You’re at this particular performance metric,’” said Nicole Dolney, chief of the air board’s transportation planning branch. “Our hope was that we would have VMT data that we could rely on, but it wasn’t there.”

So what might California learn from ACES?

For cities to cut down CO2, they need to know how much they are producing and reducing. Most cities get rough estimates with “carbon calculators” that account for the size and population of a city, electricity used, and an estimate of how many cars zip (or crawl) through the city streets.

“The calculation would be fine except for all those cars. Cars are the hardest part of the emissions equation to quantify. They are moving all the time at different speeds, and there are different cars on the road at different times of day.”

“There are other factors to consider. There’s the make of the car, of course: a Toyota Prius gives off less CO2 than a Chevy Silverado. There’s also the speed; most cars give off the least CO2 when cruising in a “sweet spot” between 40 and 60 miles per hour.”

(Conor Gately, co-developer of ACES; PhD, Geography and Environment, Boston University, 2016; lead author on a study examining cities, traffic, and CO2, published in the Proceedings of the National Academy of Sciences (PNAS) in April 2015.)

ACES (Anthropogenic Carbon Emissions System) has been developed by Lucy Hutyra of Boston University and Conor Gately, now a postdoctoral associate working jointly at Boston University and Harvard. A tool for measuring and mapping CO2 emissions, ACES offers finely-grained maps of CO2 emissions, with a resolution of 1km2, totaled hourly, is relevant and could be helpful to the cities and the state of California.

Cities have the political will to change emissions, and they have policy levers to pull,” says Lucy Hutyra, a Boston University College of Arts & Sciences (CAS) associate professor of Earth and environment. And because cities are responsible for 70 percent of greenhouse-gas emissions, according to the United Nations, their actions matter. But to take effective action, cities need data—ways to accurately measure emissions, pinpoint sources, and monitor change over time. And so Hutyra and her colleague Conor Gately have developed a tool called ACES, for Anthropogenic Carbon Emissions System, that offers the finest-grained maps of CO2 emissions in the Northeastern US to date, with a resolution of 1km2, totaled hourly. The tool, funded by NASA’s Carbon Monitoring System and detailed in the October 12, 2017, issue of the Journal of Geophysical Research—Atmospheres, could provide valuable data to cities nationwide.

‘The goal was to take the finest grained, most local data possible and build a ‘bottom-up’ inventory,” says Gately. The research team started by divvying up the sources of emissions on a giant whiteboard. “We did every sector of emissions of CO2,” he says. “Roads, residential buildings, commercial buildings, industrial facilities, power plants, airports, marine ports, shipping, and railway.” The group searched for data from 2011, scouring every source they could find: city and country records, household fuel estimates, EPA databases, hundreds of traffic sensors located around New England. All of these data, when combined with the amount of fossil fuels consumed in the region (gasoline, diesel, home heating oil, coal and natural gas for power generation), allowed the team to calculate CO2 emissions for all of the major sources. The team then calculated emissions for every hour of the year.

Gately, working with a three-year, $1.5 million grant from the National Oceanic and Atmospheric Administration, is now expanding ACES to cover the entire continental United States and meeting with government, scientific, and policy stakeholders to help create a core set of methods and data products.”

DARTE might also be helpful. DARTE, the Database of Road Transportation Emissions (Conor Gately, Lucy Hutyra, Ian Sue Wing) is available for free download from the Harvard Dataverse

Funded by grants from the National Aeronautics and Space Administration (NASA), the National Science Foundation (NSF), and the Department of Energy (DOE), Gately has developed a more precise way to tally CO2 emissions from vehicles. He used 33 years of traffic data to build the Database of Road Transportation Emissions (DARTE), which displays CO2 data for the contiguous US on a finer scale than ever before—a one-kilometer grid. (He hopes to add Alaska and Hawaii later.) Available for free download, DARTE could change the way cities and states measure greenhouse gas emissions.

The science is coming together to bring us very fine measurements in a way never possible before,” says Lucy Hutyra, an assistant professor of earth and environment and a coauthor on the PNAS study. Hutyra says that DARTE complements NASA’s Orbiting Carbon Observatory 2, which is collecting global data on atmospheric carbon dioxide. “We need good bottom-up data to match what we’re measuring looking down from space. That’s what we need to really advance greenhouse gas policies.”

See:

2018 Progress Report: California’s Sustainable Communities and Climate Protection Act,” California Air Resources Board, November 2018

Regions across California likely off the hook for 2020 caps on greenhouse-gas emissions from driving,” Joshua Emerson Smith, The San Diego Union-Tribune, 27 November 2018

Poor forest management: Trump oversimplifies state’s fire problem,” Readers React, The San Diego Union-Tribune, 20 November 2018

A Fine-Tuned Map for CO2,” Barbara Moran, Boston University Research, 26 October 2017

A New Map for Greenhouse Gas,” Barbara Moran, Boston University Research, 10 April 2015

Gately, Conor, K.; Hutyra, Lucy, R.; Sue Wing, Ian, 2015, “Cities, traffic, and CO2: A multi-decadal assessment of trends, drivers, and scaling relationships“, https://doi.org/10.7910/DVN/28999, Harvard Dataverse, V6

 

It’s your money ・ Hurricanes, flooding, fires. Buying a home?

It’s your money. ・ Hurricanes, flooding, wildfires. Buying a home? Approach your investment with care and due diligence.

Buying a home involves an enormous amount of money, and few people do it often enough to be experts. Given the realities of climate change, the process is now set against a backdrop of radical uncertainty about the very ground you will live on and the air you will breathe.

Given all that, you owe it to yourself to call on every dispassionate expert you can find and grab all available data on any risk you are taking on.”

There is a case for optimism here, where the world comes together and manages to turn the (rising) tides. So if you are a positive thinker or can afford a big loss, by all means bet one of your biggest assets on that possibility.

Otherwise, ask yourself this: Just how much more science and weather will it take before ever larger numbers of people decide to settle in or retire to places that pose less risk? And once they do, do you want to be trying to unload your property in a danger zone so you can afford to join them?

You’re Buying a Home? Have You Considered Climate Change?”, Ron Lieber, The New York Times, 2 December 2016

Research and understand highly pertinent issues such as those that follow below. Examine flood zones, flood insurance, fire zones, and the term Wildland Urban Interface (WUI, indexes the conversion of wildland to developed territory).

In the context of wildfires, a cornerstone of risk evaluation is a metric called the Wildland Urban Interface, or WUI. WUI indexes the conversion of wildland to developed territory. WUI indicates an explosion in wildland development over recent years.

According to the Wildland Urban Interface (WUI) measurement framework, the conversion rate from wildlands to urban development has grown to 4,000 acres per day or close to 2 million acres per year.

The explosion in WUI development increasingly puts homeowners, firefighters and communities at risk of wildfire – a risk that is only growing across the United States as the globe warms and aridification worsens. Since the 1980s, large fires in Northern California have increased by 60 percent. Some forests in the Pacific Northwest have seen a 5,000 percent increase in annual burned land

According to the  2017 Verisk Wildfire Risk Analysis, more than 2 million of the 4.5 million homes at high or extreme risk of wildfire are in California.

We should start by learning which regions are most at risk. Many people assume that most WUI lands fall in the western states. The large eastern and southern states have the most land in the WUI. In 2016, Kansas and Oklahome saw over a million acres burn – that’s an area bigger than the state of Rhode Island. 

The so-called “fire season” has continued to lengthen over the past several decades, and that, since 2000, climate change has been attributed to adding 9 additional days of high fire season. The environmental context facing designers and developers is thus increasingly risky.

We Should Plan Homes to Minimize the Threat of Wildfires,” Jesse M. Keenan and Alice Hill, Newsweek, 21 October 2017

Services & infrastructure

Sources & uses of municipal services such as flood- and fire-prevention, -recovery, and related maintenance services.

How much does the locality (village, town, county, parish, state) pay for public services such as roads, pumps, fire services, drinking water, sewage, etc. Where does the money come from. 

Sources & uses of flood- and fire-prevention and -recovery service funds

How are flood- and fire-prevention and -recovery services financed and funded. How long will flood- and fire-prevention and -recovery services be affordable. How is “affordable” defined.

Home-purchase finance

If you plan to finance a purchase with a mortgage, examine how banks and insurance companies are currently managing flood- and fire-prone properties in their portfolios. What are the trend lines? What steps are being taken by banks and insurance companies vis a vis such properties to protect their balance sheets over the long term.

Insurance

Examine how insurance companies are managing flood- and fire-prone properties in their portfolios. What are the trend lines? What steps are being taken by insurance companies vis a vis such properties to protect their balance sheets over the long term.

What are current premiums? Is the appropriate insurance provided by private companies, by the government? How much will you receive in case of a disaster? Will you receive the full market value of the damaged property?

Sources & uses of energy

Energy matters. Know sources and uses of energy. A house designed and built for low energy unit intensity offers multiple advantages.

Sources, uses, costs, & quality of water

Water matters. Know sources, uses, costs, and quality of water.

Building materials

Building materials and construction matter. Know how and of what materials the house is constructed. Is the house built for fire resilience? Is the house built for flood resilience?

Access & transportation infrastructure

Access matters. How is the neighborhood served by transportation. Can you get to work / school / the doctor’s and dentist’s office / the grocery store and shops / all those important places by foot, bike, bus, train? Must you drive a car? (Think of the CO2 emissions that are exacerbating both the floods and the fires.) Are there multiple lines of access? One road?

Climate change

Research climate change and its effects in your geographical area of interest.

A team & teamwork matter

Develop a team of experts, whom you can trust and consult and with whom you can work together, in your geographical area of interest.

As you delve into these questions, here are links to articles, and there are many more, that provide information, insight, perspective and links to further sources of information.

See:

You’re Buying a Home? Have You Considered Climate Change?”, Ron Lieber, Your Money | The New York Times, 2 December 2016

Flooding Risk Knocks $7 Billion Off Home Values, Study Finds,” Laura Kusisto, The Wall Street Journal, 25 August 2018

Your coastal property has already lost value to sea rise. This site can tell you how much”, Alex Harris, Miami Herald, 25 July 2018

Fire Weather Outlooks (updated daily), NOAA’s National Weather Service Storm Prediction Center, Fire Weather Outlooks

Why does California have so many wildfires?”, Kendra Pierre-Louis, The New York Times, 9 November 2018

Forced Out by Deadly Fires, Then Trapped in Traffic,” Jack Nicas, Thomas Fuller, Tim Arango, The New York Times, 11 November 2018

Jesse M. Keenan in Newsweek: time is now to evaluate design risk, enhance resilience against wildfires,” Travis Dagenais, Harvard University Graduate School of Design, 24 October 2017

We Should Plan Homes to Minimize the Threat of Wildfires,” Jesse M. Keenan and Alice Hill, Newsweek, 21 October 2017

North Carolina, Warned of Rising Seas, Chose to Favor Development,” John Schwartz and Richard Fausset, The New York Times, 12 September 2018

Perils of Climate Change Could Swamp Coastal Real Estate,” Ian Urbina, The New York Times, 24 November 2016

Underwater. Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate,” Union of Concerned Scientists, 2018

Del Mar stands firm against ‘planned retreat”, Phil Diehl, The San Diego Union-Tribune, 22 May 2018

Can Miami Beach survive global warming?”, David Kamp, Vanity Fair, 10 November 2015

Rising seas, distressed communities, and ‘climate gentrification’: Jesse M. Keenan talks Miami in Vice, Scientific American,” Travis Dagenais, Harvard University Graduate School of Design, 14 August 2017

California Today: Now Comes the Insurance Challenge,” Mike McPhate, The New York Times, 11 October 2017

Climate change and commercial real estate: How resilient is your portfolio?” Jeffrey Kanne, Carlos Madex-Madani, Sam Bendix, Institutional Real Estate, Inc., 1 June 2017

Settling post-catastrophe insurance claims: What agents should know,” Bernice Ross, Inman, 5 September 2017

High Ground Is Becoming Hot Property as Sea Level Rises,” Erika Bolstad, Scientific American, 1 May 2017

Wildland-Urban Interface: Key Issues,” L. Annie Hermansen-Báez, Jennifer Seitz, and Martha C. Monroe, Joint product of InterfaceSouth of the Centers for Urban and Interface Forestry, Southern Research Station, U.S. Forest Service and the University of Florida, Institute of Food and Agricultural Sciences (IFAS). Published March 2009.

Key findings from the 2017 Verisk wildfire risk analysis,” Arindam Samanta, Verisk, 12 July 2017

The Wildland-Urban Interface in the United States,” Susan I. Stewart, Northern Research Station, USDA Forest Service, Evanston, IL (sistewart@fs.fed.us), Volker C. Radeloff, Department of Forestry, University of Wisconsin-Madison, Roger B. Hammer, Department of Sociology, Oregon State University

valuing climate-related risks, investing well, & avoiding stranded assets

The Task Force on Climate-Related Financial Disclosures (TCFD, @FSB_TCFD) has published a new report on June 29. The report is published as part of a G20 initiative led by the governor of the Bank of England Mark Carney and the former mayor of New York City Michael Bloomberg.

The report provides a framework for companies to disclose in their financial filings all of their direct and indirect greenhouse gas emissions and describe the risks and opportunities caused by climate change under a range of potential scenarios. The objective of such disclosures would be to allow economies to properly value climate-related risks and to help minimize the risk, to investors, banks, and insurers, that market adjustments to climate change will be incomplete, late and potentially destabilizing.

Importantly, the report recommends that banks should disclose lending to companies with carbon-related risks.

Climate change presents global markets with risks and opportunities that cannot be ignored. The framework can be of assistance to investors (such as banks, pension funds, sovereign wealth funds, university endowments, investors in commercial real estate, and homeowners) as they evaluate the potential risks and rewards of a transition to a lower carbon economy and avoid investing in assets that might become stranded, non-performing (such as non-performing loans made to entities that are cash-strapped due to rising carbon costs or houses and buildings that themselves cannot perform and/or are difficult or impossible to sell).

While the report’s recommendations are intended to be adopted by all companies, extra guidance is given to the financial sector. Other sectors, likely to be most affected by climate change and/or the transition to a lower carbon economy, are also given extra guidance. The other sectors likely to be most affected by climate change and/or the transition to a lower carbon economy include energy, transportation, construction, and agriculture, food, and forestry.

Christian Thimann, Group Head of Regulation, Sustainability and Insurance Foresight, AXA Group and a member of the TCFD, observes that insurers “see the frequency and intensity of natural disasters linked to climate change augmenting every year.” “Insurers,” Dr. Thimann says,
consider a world of plus two degrees may still be insurable but a world of plus four degrees might not be.”

Dr. Thimann notes that while banks have a shorter outlook than insurers

  • Banks “too can use these recommendations because they will need to steer their lending between sectors aligned with a 2-degree world and sectors not aligned. They need to know which are the sectors with a high risk of stranded assets in the future and those with a low risk of stranded assets in the future.”

 

See:

Banks should disclose lending to companies with carbon-related risks” | Michael Slezak, The Guardian, 29 June 2017

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