Economics of Climate Change – KKSF 8-11-2012

SHOW NOTES FOR 8-11-12 Radio Show and Podcast

Special guest Dr. Bernhard Bach:

Dr Bernhard Bach is a physics professor and lab director at the university of Nevada.

Dr Bach was just recently in the Andes mountains of peru, helping atmospheric scientists take snow and ice samples from high altitude peaks.

In addition to his academic interests Dr Bach is an entrepreneur who owned and founded two high tech manufacturing firms.

The World Bank estimates that between 2010 and 2050, climate change will cost the the world GDP ~ $75-$100 billion per year

Recent events: Climate change skeptic Richard Muller finds that human emissions of greenhouse gases (GHG) are most likely the cause of global warming.

Scientist James Hansen reports the extremely hot summer of 2011 is almost certainly a result of climate change.

The average American contributes about 20 tons of greenhouse gases (CO2) to the atmosphere per year.

• Someone from the UK contributes about 10 tons per year.

•Someone from Kenya contributes about 0.3 tons per year.

About 50% of these emissions (about 10 tons) come from

–How we:

•Drive (2.5 tons)

•Fly (0.75 tons )

•Heat our house (2.3 tons)

•Heat out water/cook (0.4 tons)

•Lighting and appliances (2.7 tons)

• About 25% of the emissions ( 5 tons) come from powering our workplaces.

• About 10% (2 tons) comes from maintaining public infrastructure and transportation.

• About 20% (4 tons) comes from the production of the things we buy…like food

 Is there a way to go green?

–Reduce your personal footprint

–Environmentally conscious/green investing

Green Investment Sectors: The sectors mirror the ways in which, we use energy.

–Low-carbon or renewable energy


–Organic farming

–Pollution Controls

–Efficiency Technologies

 •Green Investing:

–Choose a green sector that aligns with your interests

–Green Screening:

•Positive screen: define enterprises you want to invest in, for example: solar, wind…

•Negative screen: eliminate enterprises you don’t want to invest in, for example: clean coal, nuclear…

•Screen greenwashers: Ask yourself, “What really makes this enterprise green?”

 •How to find the “green growth” opportunities

–Consult the Dow Jones Sustainability Index

–Search web-based green resources such as

•How to find the green growth opportunities

–Join an investment club 

–Seek out green mutual funds investing&_kt=d6e7d3a7-e913-4dad-9012-3b023dd4d2f4&gclid=CJLT2_TB1rECFYQGRQodxigAKQ
–Seek out green VC firms

•Low-Carbon Energy Sector:


This market is currently worth ~ $38 bn/year, it is expected to be worth $500 bn/year by 2050

•Pollution Control Sector:

–Carbon trading market: worth $176 billion in 2011, mostly in Europe

–Carbon capture and sequestration: worth more then the entire carbon trading market, if the technology proves itself?

•Transportation Sector:

–Green vehicles

•Farming Sector: In the U.S., industrial food production emits approximately 2 tons of CO2 per person, per year

•Most of these emissions result from food processing, manufacture of fertilizer and greenhouse heating…not transportation.

•Farming Sector:

•By buying organic produce a person could cut these emissions in half, to 1 ton per year

•By buying locally produced, non-processed foods an individual could shave another 0.7 tons of this total

•From 2 tons to 0.3 tons per year, per person

We hope you enjoyed the show!

Russell Roesner*Equitycoalition

415 680 3454

[email protected]




  1. what is your contact info? Email me? [email protected]

  2. Yes please call me. 415 680 3454 or email me. [email protected]

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