Adonis Diaries

Posts Tagged ‘Methane

What we knew on Climate Change Before Copenhagen;  

            Before 1992 six States accounted for over 80% of the total accumulated 6 gases related to environment global temperature increase such as CO2, fluor, and especially methane. These countries are USA (27%), Europe’s major States (23%), China (10%), Russia (9.25%), Germany (5.5%), and Japan (5%).  In 2005, the same countries emit more than 70% of the gases.  They are: China (19.5%), USA (18.5%), The EU (13.5%), Russia (5.25%), India (5%) and Japan 3.5%).

            Only three countries have managed to reduce their CO2 equivalent emissions since the Kyoto agreement reference of 1992.  They are: Russia by 40%, Germany and England by almost 20% each.

The major themes in the coming conference are eight:

            First, the long term objective for 2050 is to staying below 2degrees increase in global temperature. This is not acceptable: it means that the world community has already condemned 30% of animal and vegetable species to go extinct, 30% of sea shore swamps will disappear, and a qualitative jump in desertification and rate of inundations; potable water will become scarce resource. For that purpose, the most industrialized States should reduce by 80% the equivalent CO2 emissions.  The overall reduction is to be 50% with the contribution of the developing countries in going green. To that effect, the target is not to exceed 450 particles of CO2 concentration.  This is not acceptable. Currently we have a concentration of 390 particles and the temperature just increased by 0.8 degrees in the last three decades and we are already witnessing the melting of the Arctic Pole. 

            The target should be to drop to 350 particles at most. The main reason is the emission of methane (a gas worse by 20 times the effect of CO2) that the hard frozen ground are emitting and which kept this nasty gas trapped underground before this melting phase.

            Second, the medium term objective is a reduction of CO2 equivalent to 30% in reference to the year 1990.  The actual engagement is 13%.  The US administrations are not ready for even that modest reduction of 13%.

            Third, an engagement to adopting industrial processes with low CO2 emissions.

            Fourth, reducing deforestation by 50% and replanting new trees.  Brazil has already started policies of saving the Amazon forest areas from further plantations.

            Fifth, pumping $3 billions a year into the poorest States to encourage them switching to alternative cleaner energy resources.

            Sixth, pumping additional $ 2 billions a year for innovative green technologies.

            Seventh, allocating $ 10 billions, each year, till 2012 to finance green alternatives.

            Eight, developing an alternative program that will substitute the “Carbon market” due to terminate in 2012.

            According to the Bangkok Post the US President Obama and China Hu Jintao have agreed to lower expectation in Copenhagen. Most probably, the reference for lowering gas emission will be of 2005 instead of 1992, a move that will encourage accepting raising the CO2 concentration beyond the 400 particles. All indicates that the US is going to the Copenhagen conference empty handed in home legislations.  Many leaders are encouraging President Obama to raise the standard unilaterally as a sign of personal commitment and set the psychology of the US people in motion. Everything might restart from scratch.

            The Kyoto agreement had for purpose to encouraging the heaviest state polluters to invest in the poorer States with less polluting technologies to stabilize the overall concentration of gases.  The idea was to deter the emerging economies from emulating the same industrial processes that the developed countries have previously used and thus, saving future deterioration of the environment. A tax of 2% on the heaviest industrial polluters was to generate $1.6 billion by 2012.  Nothing was done so far and the US administrations refused to sign the Kyoto agreement on the basis that climatic changes are mostly a myth.

            The hardest hit states are located in Africa (the western and eastern states), Afghanistan, Bangladesh (17% of its land will be submerged).  The next worst hit states are Mexico, Pakistan, Iraq, India, the western states in Latin America, and many States in South East Asia. The actual facts and trends are changing priorities for the worst hit states; for example, Mexico, Argentina, Australia, North of China, and India are witnessing the lowest rain precipitations in decades for two consecutive years.

More Copper Reserves for China (April 30, 2009)

 

            The price of copper was forecasted to fall 20% this year in this economic recession but it increased 50% instead:  China is willing to pay around $5,000 the ton of copper instead of buying more US Treasury Bonds.  China has purchased 375,000 tons of copper in March and increasing each month. The Chinese Central Bank governor Xiaochuan view the US financial famine to a black hole since the US is about to print more dollars to paying the Chinese State, thus practically devaluing the US currency and reselling the Chinese more hot air.  The Chinese are not about to re-value the Yuan before the US and the European Union restore credibility and confidence in the financial system.

            Among the many industrial usage of copper is the manufacture of hybrid engines in cars that China is putting in its market.  Italy has been promoting hybrid cars for a while and many more gas stations are filling methane gas.  Methane does not emit carbon dioxide.  The driver would start and accelerate on regular gas and then shift into methane combustion.  As a matter of fact, the Green Peace advocates regards the European Union policy of selling carbon dioxides permits to the heavier polluters is not reducing the CO2 in the atmosphere.  For example, Germany has reduced its polluting energy consumption by 15% by relying on Aeolians, solar panels, and biomass; thus, Germany would sell 15% reduction in pollution to Poland and Slovenia that are still relying on coal.

I read in a post the following information: 62% of the World’s copper is used for the production of small denomination coins such as the penny. 84% of small denomination coins are classed by the World’s Governments as missing – it is presumed that members of the public have stashed the coins as savings. On average, each person in the World has stashed $22.34 worth of copper in small denomination coins.

            Goldman Sachs predicts that the GNP of China will surpass Japan by 2010 and the USA before 2030.  India will surpass Japan by 2030 and become third after the USA.  Brazil will be fifth after Japan in 2030.

            China is using its two trillion dollars surplus to accumulating reserves in aluminum, zinc, nickel, titanium, indium and rhodium so that it may resume its industrial acceleration once the current crisis is stabilized. This policy of purchasing minerals instead of US Treasury Bonds is compatible with China recommendation of creating an international banknote indexed on the prices of a basket of raw materials as was proposed by John Maynard Keynes at Bretton Woods in 1944; the “bancor” of Keynes was based then on 30 raw materials.

I suggest in a previous post “The Third World War is Tolling” the folowing: 

“First, the developed States have to agree on another tangible standard (like gold) for currencies.  Gold would not do because the US has abolished it in 1967 because all the gold in the world could not sustain the huge amount of paper dollars circulating or intended to circulate around the world.  The alternative is a basket of depleting minerals that are essentials for manufacturing and production.  The processed minerals do not have to be rare but very essentials for development.  The US can agree to this idea since it has huge reserves in many important minerals.

Second, all the States that can account for at least 3% of all curency circulation should join an “International Money Printing Council” with tight control and monitoring creteria.  Any combined States with over 40% of cash money shares in the global market should have a veto power.

Failing a convincing and sustainable agreement for monetary stability the Third World War is altready in the planning stage as the easiest and quickest way out of that morass.  Only in major wars do printed money with no tangible backing has mythical values.  No, the next region for the war scene is not Iran: no European or US soldiers want to fight in this “cursed region”.  It won’t be Afghanistan: if Afghanistan was worth it then Bush Junior would not have invaded Iraq before stabilizing Afghanistan.  It won’t be North Korea: it is bordering China.  The batlefield will not be in any area bordering Russia.  It won’t be the Congo River zone: no Western soldiers is about to step in this infested and contagious disease plagued region with AIDS consuming 30% of the population. The next world war is in Sudan, this continent/State rich in oil and all kinds of minerals”.

Actually, Sudan is the focus of investment for China in the last two decades.


adonis49

adonis49

adonis49

October 2020
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