That’s the query behind a new paper revealed final week within the journal Science. In keeping with the evaluation, the cash nations have placed on the desk to handle COVID-19 far outstrips the low-carbon investments that scientists say are wanted within the subsequent 5 years to keep away from local weather disaster — by about an order of magnitude.

If simply 12 p.c of presently pledged COVID-19 stimulus funding had been spent yearly by 2024 on low-carbon vitality investments and decreasing our dependence on fossil fuels, the researchers mentioned, that might be sufficient to restrict world warming to 1.5 levels C (2.7 levels F), the Paris Settlement’s most bold local weather goal. At current, nations’ voluntary commitments put the world on monitor to heat 3.2 degrees C (5.8 levels F) or extra by the top of the century.

Joeri Rogelj, a lecturer in local weather change and the setting at Imperial Faculty London and one of many examine’s authors, mentioned the findings illustrated a “win-win” alternative for governments to not solely deal with the acute impacts of the pandemic and its related financial disaster, however to additionally put their economies on a extra sustainable, affluent, and resilient long-term trajectory. […]

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QUOTATION

“Richard Nixon is a no good, mendacity bastard. He can lie out of each side of his mouth on the identical time, and if he ever caught himself telling the reality, he’d lie simply to maintain his hand in.”
          ~~
Harry S Truman

 

TWEET OF THE DAY

BLAST FROM THE PAST

At Day by day Kos on this date in 2011—What do you name jobs plan that wouldn’t create jobs? The Republican plan!

Ouch. That is simply the headline for The Washington Submit’s truth examine on the Republican jobs invoice: “The GOP’s ludicrous claim about their jobs bill.” Ludicrous appears beneficiant.

The crux of the issue is the declare that the plan, “principally a mish-mash of earlier supplied payments, comparable to that hardy perennial—a balanced finances modification to the structure,” would create 5 million jobs. So the actual fact checker, aka Glenn Kessler, digs down into the methodology utilized by Republican Sens. Rand Paul, John McCain and Rob Portman to say that 5 million determine.

Moira Bagley, a spokesman for Paul, mentioned the determine was derived from three proposals: particular person and company tax cuts that decreased the highest tax fee of 25 p.c, which the Heritage Foundation said would boost employment by 1.6 million jobs over the subsequent decade; a tax vacation permitting U.S. corporations to return money held abroad, which a Chamber of Commerce examine would create 2.9 million jobs in two years; and a examine by vitality advisor Wooden MacKenzie, which mentioned permitting entry to home vitality sources and imports of Canadian oil would generate greater than 1 million jobs by 2018. 

There are a number of issues with these figures.

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