Profiteers Are Lining Up To Make Money Off Global Warming

http://www.truth-out.org/progressivepicks/item/22240-profiteers-are-lining-up-to-make-money-off-global-warming



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The following is an excerpt from the introduction to Windfall: The Blooming Business of Global Warming:

For three decades we have all known, at some level, about global warming. As a point of scientific inquiry it is older, first identified by the nineteenth-century researchers John Tyndall and Svante Arrhenius, but as a source of popular anxiety and conversation it dates to the first sophisticated computer models of the early 1970s and the first World Climate Conference in 1979 and landmark congressional testimony by the NASA atmospheric physicist James Hansen in 1988. It has been around long enough to become a cliché—I thank it for the heat wave I'm experiencing in Seattle as I write this—and long enough to have birthed a newer cliché: the idea that we have so changed the planet with our engineering and our emissions that we now live in the Anthropocene, a new geologic epoch of man's own creation. Long enough, certainly, for something to have been done about it. In the new millennium, which has brought us Al Gore's Inconvenient Truth, Lord Nicholas Stern's seven-hundred-page Economics of Climate Change, and a string of failed climate legislation and UN conferences, the warnings have been ever louder and more sustained.

The atmospheric concentration of carbon dioxide, our principal contribution to the climate and the principal driver of warming, has only been rising. It is now 40 percent higher than preindustrial levels, higher than it has been anytime in the last 800,000 years. In New York's Madison Square Garden, a seventy-foot doomsday clock, recently unveiled by Deutsche Bank, is tracking greenhouse-gas levels in real time: 2 billion metric tons added each month, or 800 a second, for a total of 3.7 trillion tons and counting. The ticker has thirteen red digits, but when you stare at it from Seventh Avenue, the last three are a blur. They're spinning too quickly to see.

This book is about how we're preparing for the world we seem hell-bent on creating. It's about climate change, but not about the science of it, nor the politics, nor directly about how we can or why we should stop it. Instead, it's about bets being placed on a simple, cynical premise: that we won't stop it anytime soon. It's about people, and mostly it's about people like me: northerners from the developed world—historically the emitter countries, as we're called—who occupy the high, dry ground, whether real or metaphorical.