Big Oil wants to BURN it all

Very nice piece by William D. Cohan in The Nation, here.

I’m a full-time climate guy, but even so I rarely encounter this kind of honesty. In particular, the whole under-theorized problem of “stranded assets” has become a source of odd optimism. As if the ground truths of the Carbon Bubble will somehow, decisively tip the scales towards rationality and long-term thinking.

It’s not going to happen, not in any simple way. The fossil cartel breeds confident, exterminist ideologues. Its captains have the power to persevere in their beliefs.  Not, perhaps, forever, but for a long time yet.

They will have to be stopped.

Climate Crossroads: Toward a Just Deal in Paris

This essay was first published by the Great Transition Initiative.  See the original here.

The 2009 Copenhagen Climate Summit was a failure, but it did serve as a wake-up call. The global governance system currently in place has not been capable of making the momentous “top-down” decisions that are necessary to limit aggregate emissions, let alone doing so in an acceptably fair manner. As we approach the critically important 2015 Paris Summit, negotiations are taking a more realist course, with national pledges of action understood as the best foundation for international mobilization. Making this work will take a “pledge and review” agreement with an extremely robust review in which national commitments are evaluated collectively for compatibility with climate science and comparatively for compatibility with concerns of justice. Equity reference frameworks can help achieve the crucial task of justice, which now threatens to fall through the cracks. Such frameworks have already been developed to address distributional justice both within and between nations and to identify both leaders and laggards. They offer a way forward consonant with the core equity principles embodied in the United Nations climate convention. Paris can propel this agenda, but will it?
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