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Author Topic: Money and Politics: The Drive for Climate Change Action  (Read 206259 times)

Sigmetnow

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #700 on: August 24, 2019, 02:14:35 PM »
David Koch, billionaire conservative and New York philanthropist, dies at 79

Commondreams had a better fitting headline.

After Life of Incalculable Harm, Billionaire Climate Denialist and Right-Wing Villain David Koch Dead at 79
"Death is an escape hatch for David Koch while the rest of us are left scrambling for the emergency brake before we go over the cliff."


Link >> https://www.commondreams.org/news/2019/08/23/after-life-incalculable-harm-billionaire-climate-denialist-and-right-wing-villain

 ;D   :o

Unfortunately, brother Charles has been more active than David for some years now, so this won’t change things much.
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Sigmetnow

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #701 on: August 27, 2019, 03:27:08 PM »
Trade wars at a whole new level — to persuade climate change initiatives like reducing Amazon deforestation for cattle raising.

How Trump Unwittingly Paved the Way for a Climate Change Breakthrough at the G-7
Quote
“Previously politicians didn’t want to reach for those kinds of weapons, but we’re in the Wild West now,” says Aaron Cosbey, a researcher at the International Institute for Sustainable Development who studies the link between climate change and trade. “Trade has powerful potential.”
https://time.com/5661230/amazon-trade-war-donald-trump/
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Sigmetnow

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #702 on: September 02, 2019, 02:38:14 PM »
UBS chair Axel Weber: Climate change occurring at 'astonishing' speed
Quote
Weber called on investors and finance professionals to overhaul financial markets and investment processes to make tackling climate change a key priority.

“Financial markets are enormously effective in moving capital where it is needed most,” he said. “But how can financial markets be moved to mobilising capital and aligning capital allocations more strongly with sustainability?

“During the financial crisis and before, and in its aftermath, finance has been part of the problem. We need to do what we can do best — that is financial engineering, financial plumbing — to become a force for good.” ...
https://uk.finance.yahoo.com/news/axel-weber-ubs-climate-change-global-warming-sustainable-investing-esg-105851987.html
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rboyd

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #703 on: September 02, 2019, 08:01:49 PM »
UBS chair Axel Weber: Climate change occurring at 'astonishing' speed
Quote
Weber called on investors and finance professionals to overhaul financial markets and investment processes to make tackling climate change a key priority.

“Financial markets are enormously effective in moving capital where it is needed most,” he said. “But how can financial markets be moved to mobilising capital and aligning capital allocations more strongly with sustainability?

“During the financial crisis and before, and in its aftermath, finance has been part of the problem. We need to do what we can do best — that is financial engineering, financial plumbing — to become a force for good.” ...
https://uk.finance.yahoo.com/news/axel-weber-ubs-climate-change-global-warming-sustainable-investing-esg-105851987.html

"Financial markets are enormously effective in moving capital where it is needed most", no they are not. They are very good at moving capital to the most profitable opportunities irrespective of overall social benefit. That is why industrial policy, regulations, and public investment banks (as in China, Japan, Germany etc.) are required. The US was able to fight WW2 because of central planning, not "the market" or "the financial markets". Europe was rebuilt after WW2 because of the massive state-directed and state protected public and private investments (the latter piggy-backing on the former and many government policies).

vox_mundi

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #704 on: September 05, 2019, 03:49:05 PM »
Danish Pension Fund Dumps Oil Majors On Climate Change Concerns
https://dw.com/en/danish-pension-fund-dumps-oil-majors-on-climate-change-concerns/a-50288283

A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement.

The $20 billion fund says oil companies including ExxonMobil and Royal Dutch Shell are not doing enough to meet goals set out in the Paris Agreement. But the fund has ruled out a blanket ban on fossil fuel companies.
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Sigmetnow

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #705 on: September 06, 2019, 03:02:46 AM »
Unusual unanimity for such a heretofore contentious topic.

U.S.:
Climate Crisis Town Hall Tested Candidates' Boldness and Credibility
Quote
Views of Hurricane Dorian's destruction across the Bahamas and its path toward the Carolinas punctuated the first U.S. presidential candidates' televised forum dedicated to climate change, reminding viewers of the stakes as 10 leading Democratic candidates pitched their climate policy ideas Wednesday night.

CNN's juxtaposition of its unprecedented political forum with coverage of the record-breaking storm seemed to signal a new era in the long struggle over the U.S. role in addressing global warming.

There was none of the debate over science that has dominated U.S. political discussions and strangled action in recent years. Instead, candidates focused on how they would navigate a transition to what all agreed should be 100 percent clean energy by mid-century. Most of the sparring was over what would they do to hold the fossil fuel industry accountable, how far they would go to change American lifestyles, and how would they marshal the money and political support.
...
All of the candidates embraced Inslee's goal of getting the U.S. to net zero emissions by mid-century, which Inslee adopted from the IPCC's latest science and set as the standard early on for Democratic field. The unanimity makes it easy to forget that as recently as 2016, President Barack Obama's White House was talking about lowering carbon emissions 80 percent below 2005 levels.
...
https://insideclimatenews.org/news/05092019/climate-change-2020-presidential-candidates-town-hall-analysis-cnn-hurricane-dorian-carbon-price-fracking
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Tom_Mazanec

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #706 on: September 07, 2019, 12:35:14 AM »
Should the Left Stop Annoying People Over Climate Change?
https://www.motherjones.com/kevin-drum/2019/09/should-the-left-stop-annoying-people-over-climate-change/
Quote
You can make good arguments for these regulations and others, but there’s no question that it also gives ammunition to the right. The question is whether regulations like this do enough good to be worth the loss in public support they provoke by being annoying. I don’t have a good answer to that, but the obvious corollary to Warren’s point that “70 percent of the carbon that we’re throwing into the air comes from three industries” is that we should focus our attention on those industries and stop annoying people with light bulb laws and attempts to build high-rises in the suburbs.
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Tom_Mazanec

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #707 on: September 11, 2019, 08:44:31 PM »
Is Friends of Science getting a lot of money for this?
‘Friends of Science’ thanks Elections Canada for warning on climate-change talk
https://www.thestar.com/politics/federal/2019/09/09/friends-of-science-thanks-elections-canada-for-warning-on-climate-change-talk.html
Quote
A Calgary organization that argues climate change is nothing close to a global emergency says Elections Canada is right to keep a close eye on campaign-period communications from the climate-change lobby.

In an open letter, the Friends of Science Society praises the federal agency that oversees Canadian elections for indicating that the science on climate change has not been settled.

“Thank you to Elections Canada for recognizing that climate change has become a political issue,” Friends of Science wrote in a letter to Stephane Perrault, Canada’s chief electoral offer.
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Tom_Mazanec

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #708 on: September 18, 2019, 08:35:53 PM »
Money is the oxygen on which the fire of global warming burns
https://www.newyorker.com/news/daily-comment/money-is-the-oxygen-on-which-the-fire-of-global-warming-burns
Quote
What if the banking, asset-management, and insurance industries decided to move away from fossil fuels?
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Sigmetnow

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #709 on: September 20, 2019, 08:26:57 PM »
Germany agrees on 'art of the possible' climate action plan without blowing budget
Quote
Clinching a compromise was seen as essential to hold together the awkward ‘grand coalition’ of the conservatives and left-leaning democrats.

Both camps put a positive spin on the package, which includes a new domestic carbon pricing scheme, bigger incentives for buying electric cars, higher road tolls for trucks from 2023, surcharges on domestic flights and plans to pump money into rail operator Deutsche Bahn.

“Politics is what is possible,” Merkel told a news conference after 19-hour marathon talks.

“It was intense, but it was constructive and at times it was a pleasure to wrestle over the right path,” she said of the negotiations, presenting a united front with SPD Finance Minister Olaf Scholz. ...
https://www.reuters.com/article/us-climate-change-germany/germany-agrees-art-of-the-possible-climate-action-plan-without-blowing-budget-idUSKBN1W50TB
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TerryM

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #710 on: September 20, 2019, 09:14:01 PM »
It's a shame that Merkle's Germany seems determined to follow a BAU path into the future. From the linked article it appears as though Merkle, like many others in positions of power, is more interested in maintaining the support of the German business community than the support of German voters, 63% of whom believe that protecting the climate is more important than protecting economic growth!


Capitulation, was the response of environmental groups who had pushed for a carbon tax 400% higher than what Merkle settled on, and this tax will limited to emissions from transportation and heating. Manufacturing apparently won't feel the sting.


A few more wins like this one and Mr. Gerontocrat's charts will seem an optimistic footnote on our "progress". :(
Terry

Tom_Mazanec

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Re: Money and Politics: The Drive for Climate Change Action
« Reply #711 on: September 20, 2019, 11:31:01 PM »
63% of Germans is big for such a view on this issue.
Just under a Century ago Germans learned what a major economic disruption could do to a modern nation.
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