Graph of the Day – Page 62 – Desdemona Despair

Share of national wealth owned by each generation, by median cohort age. Baby boomers — those born between 1946 and 1964 — collectively owned 21 percent of the nation’s wealth by the time their generation hit a median age of 35 in 1990. Generation X (born from 1965 to 1980) came of age during the era of wage stagnation and growing inequality ushered in by the 1970s and ’80s. When the typical Gen Xer reached 35 in 2008, his or her share of the nation’s wealth was just 9 percent, less than half that of boomers at a comparable point in life. Millennials haven’t hit the 35 mark yet — that won’t happen until about 2023 — but their financial situation is relatively dire. They own just 3.2 percent of the nation’s wealth. To catch up to Gen Xers, they’d need to triple their wealth in just four years. To reach boomers, their net worth would need a sevenfold jump. Graphic: Gray Kimbrough / The Washington Post

December 8, 2019

Graph of the Day: The staggering millennial wealth deficit – “To catch up to Gen Xers, millennials would need to triple their wealth in just four years. To reach boomers, their net worth would need a sevenfold jump.”

By Christopher Ingraham 3 December 2019 (The Washington Post) – Few things capture the precariousness of life for today’s young adults like a visualization of their wealth. Economist Gray Kimbrough did just that, using Federal Reserve data to compare how generations fared financially at different points of their life cycles. Wealth is a measure of what people own: […]

Bubble chart showing opportunity vs. risk for low-carbon transition for international oil companies (IOCs) and national oil companies (NOCs) in 2017. Larger bubble size = stronger performance on climate governance and strategy. Graphic: CDP

December 8, 2019

Fossil fuel divestment will increase carbon emissions, not lower them – “The divestment movement will simply force international oil companies to cede market share to national oil companies”

By Stefan Andreasson 25 November 2019 (The Conversation) – A global campaign encouraging individuals, organisations and institutional investors to sell off investments in fossil fuel companies is gathering pace. According to 350.org, US$11 trillion has already been divested worldwide. But, while it may seem a logical strategy, divestment will not lower demand for fossil fuels, which […]

Oil production from the Eagle Ford Shale in South Texas, 2012-2019. New drilling in Eagle Ford only replaces production declines from old wells. Data: BloombergNEF. Graphic: Bloomberg

December 7, 2019

Faded Texas oil field offers austerity lesson for U.S. shale – “There’s an inflection point coming here because production growth is going to slow down massively”

By Kevin Crowley 2 December 2019 (Bloomberg) – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas, a half dozen cows laze in the shade of a tree next to black oil-storage tanks. A small flare burns atop a steel pylon, like a memorial to the boom […]

Average weekly earnings of private services sector and goods producing sector jobs, 1964-2018. Graphic: Cornell Law School

December 7, 2019

Quality of U.S. jobs declining drastically – “The long-term loss of good-paying manufacturing jobs over the past thirty years has produced troubling ripple effects for many Americans”

WASHINGTON, 14 November 2019 (CPA) – The Coalition for a Prosperous America (CPA) today announced the launch of a comprehensive new economic indicator, the US Private Sector Job Quality Index (JQI). CPA has partnered with Cornell University, the University of Missouri, and the Global Institute for Sustainable Prosperity (GISP) to unveil a new measure of America’s changing […]

Animation showing the age of the Arctic sea ice between 2015 and 2019. Video: NASA

December 1, 2019

35 years of climate change in one video

By Johnny Wood 18 November 2019 (WEF) – Q: If you subtract 95 percent from something, what’s left? A: An environmental crisis. The “something” in question is the oldest and thickest solid layer of frozen water in the Arctic Ocean, which is melting so rapidly that just 5% of its original mass remains. Scientists from the […]

GHG emissions in GtCO2e materials production by material and by the first use of materials. In 2015, the production of materials caused GHG emissions of approximately 11.5 GtCO2e, up from 5 GtCO2e in 1995. The largest contribution stems from bulk materials production, such as iron and steel, cement, lime and plaster, other minerals mostly used as construction products, as well as plastics and rubber. Two thirds of the materials are used to make capital goods, with buildings and vehicles among the most important. While the production of materials consumed in industrialized countries remained within the range of 2–3 GtCO2e, in the 1995–2015 period, those of developing and emerging economies have largely been behind the growth. In this context, it is important to keep in mind the discussion about the point of production and points of consumption. Graphic: UNEP

November 26, 2019

World must cut carbon emissions by 7.6 percent every year for next decade to meet 1.5°C Paris target – “It is very disturbing that in spite of the many warnings, global emissions have continued to increase and do not seem to be likely to peak anytime soon”

GENEVA, 26 November 2019 (UNEP) – On the eve of a year in which nations are due to strengthen their Paris climate pledges, a new UN Environment Programme (UNEP) report warns that unless global greenhouse gas emissions fall by 7.6 per cent each year between 2020 and 2030, the world will miss the opportunity to […]

Evacuees from the Camp Fire have congregated in tents and in their vehicles as they seek shelter in a Walmart parking lot in Chico, California, on 13 November 2018. Photo: Marcus Yam / Los Angeles Times / TNS

November 26, 2019

Research shows where former Paradise residents went after town was incinerated in the Camp Fire – “People who didn’t have the wherewithal and couldn’t figure out what to do just ended up without anything,”

By Michael Finch II 20 November 2019 (The Sacramento Bee) – Like many, David Stromeyer and his wife made a terrifying escape from Paradise as the Camp Fire threatened their home a year ago. Fortunate than most, the Stromeyers found a rental within a week, joining the thousands of people who temporarily moved to the […]

$Globally averaged CO2 mole fraction (a) and its growth rate (b) from 1984 to 2018. Increases in successive annual means are shown as shaded columns in (b). The red line in (a) is the monthly mean with the seasonal variation removed; the blue dots and line depict the monthly averages. Observations from 129 stations have been used for this analysis. Graphic: WMO$

November 25, 2019

Greenhouse gas concentrations in atmosphere reached yet another high in 2018

GENEVA, 25 November 2019 (WMO) – Levels of heat-trapping greenhouse gases in the atmosphere have reached another new record high, according to the World Meteorological Organization. This continuing long-term trend means that future generations will be confronted with increasingly severe impacts of climate change, including rising temperatures, more extreme weather, water stress, sea level rise […]

Radar plots of urban types based on identified factors. For each city we collect information on 64 urban indicators, from which we identify nine dominant factors: metro, bus rapid transit (BRT), bikeshare, development, population, sustainability, congestion, sprawl, and network density (Oke, et al. 2018). We then cluster the 331 cities on these nine factors, producing 12 unique city types Radar plots indicate normalized factor scores (from 0 to 1) averaged for all cities in each type; adapted from Oke, et al. (2018). The “Congested Boomer” type represents rapidly growing megacities with severe congestion problems and low metro availability, particularly in India; notable members are Bangalore, Mumbai, and Delhi. Graphic: MIT

November 23, 2019

Why the electric-car revolution may take a lot longer than expected – MIT analysis finds steady declines in battery costs will stall soon

By James Temple 19 November 2019 (Technology Review) – A new report from the MIT Energy Initiative warns that EVs may never reach the same sticker price so long as they rely on lithium-ion batteries, the energy storage technology that powers most of today’s consumer electronics. In fact, it’s likely to take another decade just to eliminate […]

NOAA’s GOES East satellite captured this view of the strong Category 1 storm at 8:20 a.m. EDT, just 15 minutes before the center of Hurricane Dorian moved across the barrier islands of Cape Hatteras. Photo: NOAA

November 23, 2019

Rising sea levels are swallowing North Carolina’s Outer Banks beaches, new report says

By Hayley Fowler 20 November 2019 CHARLOTTE, North Carolina (The Charlotte Observer) – Hurricanes aren’t the only hazard lapping at the shores of the Outer Banks, according to a report examining the threat of climate change on some of the country’s most beloved natural landscapes. Thanks to creeping sea levels and erosion rates, Cape Hatteras […]