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Climate Change: When the Media Play the Role of Speculators

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A propos du changement climatique : Quand les médias jouent les spéculateurs
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Climate change, the risks it implies, the time horizons it imposes and the extent of possible consequences it threaten are exposing how the media deals with public issues.

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From 2008 to 2010, the media has behaved like a market speculator. From 2008 up to the meeting in Copenhagen, the media constantly sought to up the bidding, to convince the public that the survival of mankind was at risk. In their text, they replaced the conditional with the future tense; in their images, they rapidly melted the ice floe, raised the sea level and extended the deserts. One minor adjustment: with the approach of Copenhagen, they set aside the description of the future to concentrate on the remarks of politicians who will be the architects at the historic Copenhagen reunion of a change in the course of mankind. The fair would conclude with a consensus protocol that would only need to be implemented.

Nonsense! It doesn’t work like that: an American President whose hands are tied by the Congress, a self-satisfied Europe incapable of maneuver, both India and China ready to act, but unwilling to compromise their growth…with the result a text without any legal status, even if it did constitute real progress.

About face in the media: speculation turns downside, the focus is failure and an effort to convince their public that the subject is perhaps nothing but a scarecrow. The positions of a few scientists, the revelation of errors in an IPCC report and the media hope to re-capture the interest of the public by backpedaling the earlier messages.

There is little doubt that in the next decades we will witness several such cycles. But to maintain a cool head, three thoughts should be kept in mind:

1. There are measures of the past and present that have become increasingly precise thanks to progress in geology and climatology. In the scientific world, these measurements are practically uncontested.

2. Next is the theoretical interpretation of these measurements in an effort to explain them. In this, the debate is never complete, new explanations can be offered new theories developed. But in fact for now, the vast majority of scientists adhere to the argument of climate change accelerated by mankind’s greenhouse gas emissions. While those scientists who disagree, who fail to convince their colleagues and who are anxious to speak out, use the occasion to introduce doubt in the public debate.

3. Finally, there are projections for climate change under different assumptions. Here, we enter into the world of projections where the future cannot be known because it will be shaped by a mix of necessity, luck and will. Here, projections are derived from models that incorporate numerous technical, economic, social and political variables. These projections for the future don’t enjoy the same stature as measurements or their interpretations. But are their uncertainty and relative weakness a reason to ignore their warnings? Obviously not, because we are compelled to make our best assessments to guide our actions. Moreover, it is amusing to note that some in the media often make reference to the precautionary principle no matter when. However, they don’t mention it in the case of climate change although to get ready to manage the prospect of climate change holds no risk of irreversibility for mankind while a strategy of immobility could lead to serious consequences.

So let’s leave to speculators the business of speculation and focus instead on two areas we must concentrate our efforts:

- The development and deployment of technologies that improve the efficiency of energy use and reduce greenhouse emissions
- The gradual elaboration of a system of global governance to help humanity respond to the challenges of globalization.

This constant subjection of public opinion to cycles of hot and cold commentary will end up leaving our public battered and ultimately disinterested.

 

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Jacques LESOURNE

Intitulé du poste

Jacques Lesourne was President of the Scientific Committee of the Center for Energy

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Climate & Energy
Center for Energy & Climate
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Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.

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Can carbon markets make a breakthrough at COP29?

Date de publication
30 October 2024
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Voluntary carbon markets (VCMs) have a strong potential, notably to help bridge the climate finance gap, especially for Africa.

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Taiwan's Energy Supply: The Achilles Heel of National Security

Date de publication
22 October 2024
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Making Taiwan a “dead island” through “a blockade” and “disruption of energy supplies” leading to an “economic collapse.” This is how Colonel Zhang Chi of the People’s Liberation Army and professor at the National Defense University in Beijing described the objective of the Chinese military exercises in May 2024, following the inauguration of Taiwan’s new president, Lai Ching-te. Similar to the exercises that took place after Nancy Pelosi’s visit to Taipei in August 2022, China designated exercise zones facing Taiwan’s main ports, effectively simulating a military embargo on Taiwan. These maneuvers illustrate Beijing’s growing pressure on the island, which it aims to conquer, and push Taiwan to question its resilience capacity.

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India’s Broken Power Economics : Addressing DISCOM Challenges

Date de publication
15 October 2024
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India’s electricity demand is rising at an impressive annual rate of 9%. From 2014 to 2023, the country’s gross domestic product (GDP) surged from 1.95 trillion dollars ($) to $3.2 trillion (constant 2015 US$), and the nation is poised to maintain this upward trajectory, with projected growth rates exceeding 7% in 2024 and 2025.  Correspondingly, peak power demand has soared from 136 gigawatts (GW) in 2014 to 243 GW in 2024, positioning India as the world’s third-largest energy consumer. In the past decade, the country has increased its power generation capacity by a remarkable 190 GW, pushing its total installed capacity beyond 400 GW. 

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The Troubled Reorganization of Critical Raw Materials Value Chains: An Assessment of European De-risking Policies

Date de publication
30 September 2024
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With the demand for critical raw materials set to, at a minimum, double by 2030 in the context of the current energy transition policies, the concentration of critical raw materials (CRM) supplies and, even more, of refining capacities in a handful of countries has become one of the paramount issues in international, bilateral and national discussions. China’s dominant position and successive export controls on critical raw materials (lately, germanium, gallium, rare earths processing technology, graphite, antimony) point to a trend of weaponizing critical dependencies.

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A propos du changement climatique : Quand les médias jouent les spéculateurs
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