Existential Threat - ORIGINAL CONTENT

The United Nations and several national governments have begun referring to climate change as an existential threat, meaning a threat to the future existence of life on earth. This is a political position intended to draw attention to the issue and incite fear in the population. Several national polls suggest that the effort has not been particularly successful, as the general population rates climate change as a relatively low-level concern, despite a coordinated government and media campaign.

You would think that, if global governments actually believed that climate change driven by CO2 emissions represented an existential threat, they would be united in aggressive efforts to eliminate CO2 emissions. However, numerous nations, led by China and India, are embarked on concerted efforts to build new coal-fired generating stations, which would increase their CO2 emissions and global CO2 emissions as well. Indonesia, Japan and Vietnam are also pursuing new coal power plant construction, as are Botswana, Malawi, Mozambique, South Africa and Zimbabwe. Clearly, these countries believe that failure to develop their economies is a greater threat than climate change.

The EU and the UK, which have been at the forefront of the “global” CO2 emissions reduction efforts, are reviewing their plans to close coal-fired generators and are considering reopening some closed coal-fired generators. Several of these nations are also reconsidering their plans to close nuclear generating facilities in the face of growing energy shortages and rapidly rising energy prices.

The US is still pursuing an effort to eliminate coal-fired generation by 2030 and to eliminate all fossil-fueled generation by 2035. However, there is growing concern in the US that fossil-fueled generating capacity is being eliminated far faster than it is being replaced with renewable generation and storage. This issue is projected to result in increased rolling blackouts in the US this summer, as cooling demand increases. This issue will only become of greater concern as electricity demand increases as a result of the effort to electrify the entire economy and completely eliminate the burning of fossil fuels for any purpose.

The efforts in the developed nations to eliminate fossil fuel use in favor of renewables plus storage is an existential threat to industries in those nations, which are already faced with rising energy prices and reduced energy availability. Many industrial plants in the UK and the EU have closed or significantly reduced production as the result of increased energy costs and restricted energy availability. This issue is likely to expand to the US, Canada and Australia if current national policies remain unchanged.

Meanwhile, China is investing heavily in the metals and cement industries, which are major fossil fuel users and CO2 emitters. The increased availability of low-cost coal-generated electricity to power the metals industries in China and the availability of coal for cement production would render those industries in nations reducing CO2 emissions uncompetitive in global markets with lower-cost Chinese metals and cement.

These developments would leave the US, the UK, the EU, Canada and Australia heavily dependent on China for metals and cement, as well as for the rare earth minerals necessary for wind generators and solar cells. Arguably, this growing dependence on China is a greater existential threat than climate change.