Editor of Radical Urbanist, Paris Marx in Oct. 2020: "A new Oxfam report finds that the richest 1 percent of people alone are responsible for double the emissions of the poorest 50 percent of the global population. That means that even if the working class of the Global North took all the individual actions that are recommended or we forced poor people in the Global South to stop having kids, that still wouldn’t solve the problem." "The kind of climate action we need requires taking on the wealthy and organizing around a vision for a different kind of society. That means not just making the rich pay higher taxes, but actively dismantling the economic structures that facilitate their wealth accumulation, treat the planet as an unlimited bounty of free raw materials, and generate all the emissions warming the planet."
"Our remaining carbon budget is being sacrificed so the global elite can keep their lavish lifestyles, while they take private jets to climate conferences so they can give the impression they care. Virgin founder Richard Branson has been a leader in this billionaire greenwashing, making climate pledges he didn’t follow through on while expanding his airline business. Similarly, Elon Musk claims to care about the climate to sell more automobiles, while criticizing public transit and trying to stop high-speed rail projects. But maybe the most prominent of these billionaires who greenwash their unsustainable activities is Jeff Bezos. Earlier this year, the Amazon CEO was lauded in the press for his $10 billion Bezos Earth Fund — he even bought the rights to rename a Seattle stadium after his climate pledge! But no grants have yet been issued from the fund, while Amazon continues to help oil and gas companies more efficiently extract fossil fuels."
On the HadCRUT4 data, there has been no global warming for close to eight years, since March 2014. That period can be expected to lengthen once the HadCRUT data are updated – the “University” of East Anglia is slower at maintaining the data these days than it used to be.
Michael Shellenberger: A major new staff report from the New York Federal Reserve Bank throws cold water on the over-heated rhetoric coming from activist investors, bankers, and politicians. “How Bad Are Weather Disasters for Banks?” asks the title of the report by three economists. “Not very,” they answer in the first sentence of the abstract.
The reason is because “weather disasters over the last quarter century had insignificant or small effects on U.S. banks’ performance.” The study looked at FEMA-level disasters between 1995 and 2018, at county-level property damage estimates, and the impact on banking revenue.
UK Independent: "Your home, sometime in the next decade. You click the heating on and receive an app notification telling you how much of your carbon allowance you’ve used today. Outside in the drive, your car’s fuel is linked to the same account. In the fridge, the New Zealand lamb you’ve bought has cost not just pounds and pence but a chunk of this monthly emissions budget too. Welcome to the world of personal carbon allowances – a concept that is increasingly gaining traction among experts as a possible response to the climate crisis. Each month, it would see every person or household in the country given a limited emissions quota to spend on heating, energy, travel, food and possibly consumer goods. Those who wish to expend more could buy top-ups. Those who require less would be able to sell their left-overs back to the ‘grid’." ... Now, in the wake of Cop26, many feel the concept – radical, perhaps, but demonstrably do-able – has never been riper for consideration. So, could this be our future? ... “By establishing an equal monthly budget for everyone, you create a sense of a shared effort to address a shared problem,” says Fawcett.