🚨 First PhD paper in @pnas.org 🥳

🌊 @edualastrue.bsky.social and I looked at how much less CO2 will be taken up by the ocean if the #AMOC weakens - and how this reduced ocean carbon uptake affects the social cost of CO2 emissions.

📝 Read the paper here: doi.org/10.1073/pnas...

🧵 A thread [1/11]

Scaling up carbon removal requires cheap ways to transport CO2. This new paper examines how interest rate levels and financing conditions can make or break the economics of CO2 pipelines

doi.org/10.1016/j.en...

💰⚡ Who’s funding the energy shift?

A new study finds that many governments are backing more renewables, but many still fund fossil fuels.

Europe is leading the change, but will others follow?

🔗 doi.org/10.1038/s414...

#ClimateAction #CleanEnergy #SciComm 🧪

Our🚨new study🚨in @naturecomms.bsky.social shows how export credit agencies (ECAs)—large govt-backed financiers—are boosting renewables ✅ but still pouring billions into oil & gas while shifting finance away from lower-income to wealthier countries❌

www.nature.com/articles/s41...

🧵below (1/7)

The Munich Re finding that Hurricanes Helene and Milton were “the most destructive disasters of 2024” made me wonder how things would look relative to countries' GDP.

Through that lens, Hurricane Beryl's damages in the Caribbean were by far the worst. Helene's US impacts rank 11th at ~0.19% of GDP

We are advertising a PostDoc position in the Sustainability Economics Group at ETH Zurich (1-6 yrs, >$100K salary), offering excellent conditions to pursue innovative research projects & prepare for a professorship. Please spread the word to interested candidates: jobs.ethz.ch/job/view/JOP...

"Our findings reveal the dominating impact of material sourcing over production location, with nickel and lithium identified as major contributors"

A neat new paper on lithium-ion batteries' carbon footprint, revealing that where you get your metals is critical.

++NEW CLIMATE FINANCE TEXT++

It finally includes the core number that developed countries have so far resisted: $250bn a year for developing countries.

It also has a target of $1.3tn a year... but only as part of a wider goal including "all public and private sources"

++NEW CLIMATE FINANCE TEXT++

Cut from 25 pages to 10.

Number of bits in square brackets, which are undecided, cut from 415 to 46.

It contains 2 options for the goal "emanating from the ministerial consultations” - one with developing country priorities and one with developed.

"We show that firms experience, on average, a 0.41% fall in stock returns following a climate-related filing or an unfavourable court decision."

Court decisions against Carbon Majors (= biggest fossil fuel producers) reduce their stock returns on average by 1.50%

doi.org/10.1038/s418...

Here is a starter pack of scientists based in Switzerland🇨🇭active in climate/environmental research (in nat. & soc. sciences) @retoknutti.bsky.social @robertfinger.bsky.social @jksteinberger.bsky.social @rarohde.bsky.social @florianaltermatt.bsky.social @kariningold.bsky.social
go.bsky.app/5cJemte

Implication: to offset one ton of CO2, you'd need carbon credits for 6.25 tons (on average). At a credit price of $7/ton in the voluntary carbon market, that's $44

For comparison, UK ETS prices are currently at $49/ton 🤔

So much for "cheap" credits...

Reposting from X to reconnect here and given #COP29 talks on climate finance:

Curious about how lowering the cost of capital in developing countries can reduce energy transition costs and boost equity?
Check out our🚨new paper🚨in Nature Energy led by EIEE's Matteo Calcaterra:
doi.org/10.1038/s415...