Browsing articles tagged with " climate change"
Sep 7, 2016
boyce

Selling the free market

A “Grassroots Leadership Academy” bankrolled by the Koch brothers seeks to spread the free-market gospel:

One of the sessions, called the “Moral Case for Fossil Fuels,” teaches attendees to argue that “a turn away from fossil fuel use would ultimately be disastrous to humanity — especially the poorest of the poor.”

Read more here.

Mar 10, 2016
boyce

Common wealth dividends

Peter Barnes explains how protecting the environment and sharing the fruits of our economy more broadly can – and should – go hand-in-hand:

The failure to charge for common wealth — for example, letting polluters dump freely into our atmosphere — leads to what economists call “nega­tive externalities.”  The costs of pollution aren’t paid by polluters; they are shifted to pollutees, nature and future generations.  And this mar­ket failure persists because no living individuals or companies would finan­cially bene­fit from fixing it.
But imagine a system in which everyone benefits from fixing this tragic flaw.  In this system, polluters would pay and all living citizens, as joint benefi­ci­aries and trus­tees of nature’s gifts, would get dividends.  The higher the price for using the commons, the larger the dividends and the lower the externalities.  The health of nature’s gifts would be directly linked to greater income for everyone.

Read more here.

Nov 25, 2015
boyce
Comments Off on Another energy future is possible

Another energy future is possible

A new study by Stanford University scientist Mark Jacobson and colleagues offers a blueprint for a fossil-free energy future in the 50 U.S. states and across the globe:

Globally, the transition to clean, renewable energy would create more than 20 million more jobs than would be lost in the transition. It would also stabilize energy costs, thanks to free fuels such as wind, water and the sun; reduce terrorism risk by distributing electricity generation; and eliminate the overwhelming majority of heat-trapping emissions that contribute to climate change.

See an interactive world map here – and read more here.

Jun 17, 2015
boyce
Comments Off on Neil Young: Who’s Gonna Stand Up?

Neil Young: Who’s Gonna Stand Up?

Neil Young asks, “Who’s Gonna Stand Up and Save the Earth?”

Source: www.youtube.com/watch?v=NkiRR3T_3NY

Apr 19, 2015
boyce
Comments Off on Innovation for the future economy: solar roadways

Innovation for the future economy: solar roadways

A century ago, cities were “drowning in horse manure.” Today we are drowning in fossil fuel emissions. It’s time for the transportation revolution of the 21st century. Maybe this will be part of it:

 

Source: http://paksc.org/video/documentaries/246-solar-roadways-the-prototype

Apr 19, 2015
boyce
Comments Off on Divestment pressure mounts

Divestment pressure mounts

This week’s student protests put the heat on Harvard:

“Throughout Harvard heat week, Harvard’s top decision-makers have been hiding from both their students and from the issue of climate justice,” protesters wrote in a statement on Wednesday. “They must face the broad, diverse, and growing coalition behind divestment from fossil fuels.”

Read more coverage here and here. And check out the Divest Harvard facebook page here.

Mar 31, 2015
boyce
Comments Off on Stranded asset denial

Stranded asset denial

John Ashton, formerly Britain’s top climate diplomat, writes in an open letter to the president of Shell Oil:

You deny your assets will be stranded. True, first tier assets are cheap, and those that are heavily invested in tend to bear fruit quickly. But your case also assumes failure on 2C and rates of renewables deployment long surpassed by reality.

The Bank of England is watching the carbon bubble. Bloomberg screens include a carbon risk valuation tool. The divestment movement may still be small but it is rallying young people, has moral authority, and can now make a prudential case as well as an environmental one.

Writing on the wall. Story of the world.

You could accept squarely that the days of yesterday’s business model are numbered, that the challenge now is to manage its decline and build alongside it a new business fit for today.

Read his letter here. Read the story here.

Mar 11, 2015
boyce
Comments Off on Stranded fossil assets

Stranded fossil assets

Bill McKibben writing in The Guardian on the coming shift in the world energy economy:

What in 2013 was the rallying cry of a few student campaigners has by 2015 become the conventional wisdom: there’s a “carbon bubble,” composed of the trillions of dollars of coal and oil and gas that simply must be left underground. Here’s the president of World Bank speaking in Davos: “Use smart due diligence. Rethink what fiduciary responsibility means in this changing world. It’s simple self-interest. Every company, investor and bank that screens new and existing investments for climate risk is simply being pragmatic….”

Mark Carney, governor of the Bank of England, did his best to explain the unwelcome news to the industry at a conference last October: the “vast majority” of the planet’s carbon reserves “are unburnable,” he said. When Shell’s chief executive hit back last month, calling a rapid transition off fossil fuel “simply naïve,” it was Tory veteran and chair of parliament’s energy committee Tim Yeo who told him off: “I do believe the problem of stranded assets is a real one now. Investors are starting to think by 2030 the world will be in such a panic about climate change that either by law or by price it will be very hard to burn fossil fuels on anything like the scale we are doing at the moment.”

Read his analysis here.

Mar 7, 2015
boyce
Comments Off on Banned in China: know your air

Banned in China: know your air

The powerful film (with English subtitles) on pollution – initially hailed, then banned, by Chinese officialdom:

Source: https://www.youtube.com/watch?v=T6X2uwlQGQM

From New York Times story on the ban:

On Friday evening [the day the film was banned], Xinhua, the state news agency, posted on Twitter, which is also blocked here, that “President Xi Jinping vows to punish, with an iron hand, any violators who destroy ecology or environment, with no exceptions.” That night, the United States Embassy air monitor in Beijing rated the air “hazardous.”

Read more here.

POSTSCRIPT: Chinese officials are not the alone in trying to suppress bad news on the environment. Check out the latest from Florida, here.

Mar 5, 2015
boyce
Comments Off on Guaranteed income from common wealth

Guaranteed income from common wealth

Peter Barnes writes in Yes! magazine:

THERE’S LONG been a notion that, because money is a prerequisite for survival and security, everyone should be assured some income just for being alive.  The notion has been advanced by liberals such as James Tobin, John Kenneth Galbraith, and George McGovern, and by conser­vatives like Friedrich Hayek, Milton Friedman, and Richard Nixon.  It’s embedded in the board game Monopoly, in which all players get equal payments when they pass Go.  And yet, with one exception, Americans have been unable to agree on any plan that guarantees some income to everyone.  The reasons lie mostly in the stories that surround such income.  Is it welfare?  Is it redistribution?  Does it require higher taxes and bigger government?  Americans think dimly of all these things.

But then, there’s the exception.

Read all about it here.

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