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TC
The Calx Institute
@calxinstitute.bsky.social
A private organization working to quantify and analyze the material damage done in the search for profit. We aim to create new tools that redefine value, creating the framework for social and environmental prosperity. the-calx-institute.ghost.io
60 followers783 following1 posts
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KHkatharinehayhoe.com

I always suspected this could be the case, and new research proves it's true: Rich countries could raise 5x the money poor countries need for climate finance thru windfall taxes on fossil fuels, ending harmful subsidies + a wealth tax on billionaires. Read more: www.oilchange.org/publications...

Rich countries could raise $5tn of climate finance a year, study says
Rich countries could raise $5tn of climate finance a year, study says

Simple measures could raise five times more money than poorer countries are asking for, research claims

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JCjohnconorryan.bsky.social

So, while assuming all coal is burnt overestimates GHG impact by <10% in China and less in other countries with smaller chemicals industries, there are other GHG costs (CH4 from mines, particularly) that we didn't include. And our estimates are broadly in line with many other sources / 1 more

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JCjohnconorryan.bsky.social

but coal to ethylene glycol process emits 2–3 T CO2 per T of ethylene glycol, but I don't see clear data on how this computes to T CO2 / T coal. We can assume that the chemical production processes in China, burning 15% - 20% of the nation's coal, is producing at least 1/2 that % of GHG / more

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JCjohnconorryan.bsky.social

In addition, which we did not count, coal mines produce CH4 emissions. 2. The world's largest coal consumer is China. There, it seems, ~15% (could be higher) goes to chemicals, mostly feedstocks like ethylene glycol. There are no useful data on the GHG emissions from these / more

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JCjohnconorryan.bsky.social

Question has a complicated, essay-length answer, but ... 1. >91% of coal in the US goes to power gen. The remainder goes to steel production or chemicals. These ALSO produce GHGs. The US inventory of GHG emissions puts them at about 8% of the coal-for-power total. / more

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TCcalxinstitute.bsky.social

This week, @johnconorryan.bsky.social begins a series exploring the externalities of the coal industry. While most of us have some idea that coal causes appreciable harm, we calculated that the cumulative externalities of the coal industry are a staggering EIGHT TIMES its gross revenue.

A Lump of Coal
A Lump of Coal

[Editor's Note: To comply with LinkedIn publishing guidelines, we have removed the footnotes and citations from this version of the article. A full version will appear on our website soon.

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TC
The Calx Institute
@calxinstitute.bsky.social
A private organization working to quantify and analyze the material damage done in the search for profit. We aim to create new tools that redefine value, creating the framework for social and environmental prosperity. the-calx-institute.ghost.io
60 followers783 following1 posts