jm + climate-change + environment   4

Billionaires Are the Leading Cause of Climate Change
That's largely because there is no "free market" incentive to prevent disaster. An economic environment where a company is only considered viable if it's constantly expanding and increasing its production can't be expected to pump its own brakes over something as trivial as pending global catastrophe. Instead, market logic dictates that rather than take the financial hit that comes with cutting profits, it's more reasonable to find a way to make money off the boiling ocean. Nothing illustrates this phenomenon better than the burgeoning climate-change investment industry. According to Bloomberg, investors are looking to make money off of everything from revamped food production to hotels for people fleeing increasingly hurricane-ravaged areas. A top JP Morgan Asset investment strategist advised clients that sea-level rise was so inevitable that there was likely a lot of opportunity for investing in sea-wall construction.
doom  capitalism  future  climate-change  environment  politics 
8 days ago by jm
Neoliberalism has conned us into fighting climate change as individuals | Martin Lukacs | Environment | The Guardian
These pervasive exhortations to individual action — in corporate ads, school textbooks, and the campaigns of mainstream environmental groups, especially in the west — seem as natural as the air we breathe. But we could hardly be worse-served.

While we busy ourselves greening our personal lives, fossil fuel corporations are rendering these efforts irrelevant. The breakdown of carbon emissions since 1988? A hundred companies alone are responsible for an astonishing 71%. You tinker with those pens or that panel; they go on torching the planet.

The freedom of these corporations to pollute – and the fixation on a feeble lifestyle response – is no accident. It is the result of an ideological war, waged over the last 40 years, against the possibility of collective action. Devastatingly successful, it is not too late to reverse it. The political project of neoliberalism, brought to ascendence by Thatcher and Reagan, has pursued two principal objectives. The first has been to dismantle any barriers to the exercise of unaccountable private power. The second had been to erect them to the exercise of any democratic public will. [...]

At the very moment when climate change demands an unprecedented collective public response, neoliberal ideology stands in the way. Which is why, if we want to bring down emissions fast, we will need to overcome all of its free-market mantras.
politics  environment  neoliberalism  future  climate-change  green 
6 weeks ago by jm
Bitcoin must die
If Bitcoin were to cease trading tomorrow, 0.5% of the world’s electricity demand would simply disappear. This is roughly equivalent to the output of ten coal-fired power plants, emitting 50 million tonnes of CO2 per year – which would cover one year’s worth of the carbon emission cuts required to limit temperature rises this century to 2C. It is not a solution by itself, but it would be a good year’s work. Bitcoin is made from ashes, and if ashes were legal tender, humanity would burn everything in sight and call it progress.
environment  bitcoin  ecology  future  earth  cryptocurrencies  pow  electricity  climate-change 
9 weeks ago by jm
Crazy maths makes nonsense of Irish climate change policy
'John FitzGerald on madness of Ireland burning peat for electricity:

'the current subsidy per job involved is at least €100,000 a year. The Bord na Móna annual report indicates that, in the year 2016/2017, its workers’ average pay was €50,000. In other words, the subsidy per job is around twice what the workers involved actually earn.

If the peat-fired power stations were closed tomorrow, and the workers involved continued to be employed on their current wages, subsidising these jobs would only cost €50 million, not €100 million. Electricity consumers would pay less to subsidise these jobs, and Ireland’s greenhouse gas emissions would fall substantially as a result of discontinuing this polluting fuel use.'

We should plan for closure by 2020 of peat-fired electricity generation:

–greatly benefit environment;
–save electricity consumers money;
–protect livelihoods.
environment  peat  ireland  electricity  fossil-fuels  policy  climate-change 
june 2018 by jm

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