We are going to get started. The subcommittee hearing will come to order, without objection, the chair has authorized to declare a recess of the committee at any time. This briefing extension of several hearings we have had, discussing Climate Change. We are focusing on the Economic Impacts of global warming. I will defer the Opening Statement for myself. When we spoke earlier in the holding area, i mentioned the fact that we would be trying to do a hearing. This is a briefing. We do have time for your Opening Statements. What i would like to do is afford each of you the opportunity to do so. Let me introduce the four of you and then we will move to you, mr. Gomez. We have alfredo gomez, director, Natural Resources environment team, Government Accountability office. Dave jones, senior director for environmental risk at the Nature Conservancy, institute of Economic Freedom and the heritage foundation. Dr. Michael greenstone, Milton Friedman distinguished Service Professor of economics a
We take you to capitol hill for a House Oversight hearing on the Economic Impact of Climate Change under way. There are several reasons the on as a consequence it undermines the american people. Let me list. One, in 2018, the Trump Administration instituted a smaller social cost of carbon of 1 to 7 compared to 50. Its based on two faulty assumptions. First, it uses inappropriately high discount rates that are not supported by economic theory or Financial Markets. Second, it fails to account for damages that occur outside the United States. This failure discourages other countries who in total produce about 90 of total co2 emissions from undertaking emissions cuts that would benefit u. S. Citizens. The United States special role in global democracy can produce demonstrable benefits for u. S. Citizens, and we are failing here. The absence of meaningful progress at the recent madrid climate talks is evidence of what happens when we retreat. Number two, the social cost of carbon is no long
Health secretary ben carson joining the conversation at the white houses Mental Health summit. Iftrying to figure out everyone is together. Let me double check. We are going to get started. The subcommittee hearing will come to order, without objection, the chair has authorized the committee sometime. This briefing extension of several herrings we have had, discussing Climate Change. We are focusing on the Economic Impacts of global warming. I will defer the Opening Statement to myself. When we spoke earlier in the holding area, i mentioned the fact that we would be trying to do a hearing. This is a briefing. We do have time for your Opening Statements. What i would like to do is afford each of you the opportunity to do so. Let me introduce the four of you and then we will move to you, mr. Gomez. , governmented gomez accountability office. Dave jones, senior director for environmental risk. Dr. Michael green zone, distinguished professor of economics at the university of chicago, and t
In business, chinese telecoms giant huawei launches a second legal challenge against the us ban, saying there is no evidence it is a National Security threat. A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation. After the row about pelotons sexist and dystopian christmas video advert, what is the worst gift you have ever received, and why, and how did you react . Let me know. Just use the hashtag bbcthebriefing. Commuters in france are struggling to get to work this hour as one of the countrys biggest ever nationwide strikes begins. Rail services have been severely hit and many schools are also closed as unions battle the government over pension reform. It will be a major test for emmanuel macrons presidency, as rich preston reports. 90 of high speed and regional trains will be affected, according to the countrys rail operator, meaning problems travelling and commuting for thousands of people.
Hello, everybody. Are we good to go . I am mark tercek, and originally of the nature conservatory. Im glad to be the moderator of todays discussion. We have a great panel. To my left is monica de bolle from the Houston Institute for economics. To her left is daniel zarin with climate and landuse alliance and onscreen is my good friend peter seligman, cofounder and ceo of nia tero which focuses on a lot of issues we will be discussing today. He is the founder and longtime ceo of Conservation International where he continues to be the chairman. Our topic today is the Global Impact of the amazon rain forest you have been reading about in the news. This raises so many issues. First of all, what is really happening, hard to tell. How much of this is due to illegal logging, industrial ag, bad government policy, or is Climate Change itself impacting the forest . Also, the question arises, what happens . Until recently the amazon was one of the great conservation success stories. Through a gre