After twelve years and 10 billion in six months’ time (if everything works ) we are going with the help of the James Webb Infrared Space Telescope peer into the past to see our future.
Unless you happen to live on one of the plants that the telescope will exam you will have noticed that this planet is in trouble sustaining the life it has on it at present.
World conferences after world conferences have proposed solutions to climate change which in the long run are going to cost trillions with no one wanting to pay for it.
THE REASONS FOR THIS REST IN MULTIPLE BARRIERS. TO MANY TO ADDRESS HERE OR IN ANY FUTURE CLIMATE CHANGE CONFERENCES.
LEAVING THESE PROBLEMS ASIDE.
HERE IS AN IDEA THAT PROVIDES AN FAIR WAY OF ADDRESSING THE PROBLEM OF – WHO SHOULD CARRY THE CAN.
The world as we know it is a product that is in the process of being digitalized by technology and the current pandemic.
What is needed to tackle Climat Change is a perpetual fund that does not have to beg, which allows everyone to contribute according to their means.
Every country has government-operating lotteries and bonds.
There is around 160 Lottery in the world offering billions in prizes. They offer a one-off chance with a lottery ticket to win with the ticket becoming a worthless sheet of toilet paper after the draw, raising billions in revenue.
So what is there to stop the United Nations from creating and underwriting its own World Green Bonds, with guaranteed interest and lotto-style cash prizes drawn every month.
A new Green asset class in global capital markets could emerge.
(A government bond is a type of debt-based investment, where you loan money to a government in return for an agreed rate of interest. This makes bonds a fixed-income asset. Once the bond expires, you’ll get back to your original investment.)
To compete with the Lotto.
The UN Green Bonds could be issued with 8 years of tenure and 5 years of lock-in. (Premature redemption requests will not be allowed)
The bond can be bought by acquiring coupons that add up to a bond.
These coupons can be purchased both online and offline at the same price as a lotto ticket.
On reaching one hundred coupons an investor gets an acknowledged receipt of the purchase and a bond. Then he receives the soft copy of the certificate to his/ her registered email address, a few days later a certificate bond gets issued.
This Certified Bond is then eligible to enter the yearly draw to win 20 million. The coupon is dated and numbered entering a Cash prize monthly or weekly draw like the lotto.
Like the Lotto is the prize is not won it rolls over to the next draw with an additional 20 million.
The owner submits the certified bond online with his chosen lotto numbers.
If the investor does not win the additional value from holding the green asset bond derives from enhanced transparency and association with a green project financed by the bond.
The role of the UN would be to the underwriter.
To evaluate financial risks, rates, and rules for a loan or investment for a project that meets certain pre-established environmental criteria.
Surety for bonds issues could be not just governments. Digital monopolies like Facebook, Net Flick, Apple, Microsoft, Drug Companies, etc. could be the financial Surety anchors.
As world economies feel the negative effects of the pandemic the threat of inflation is gathering pace. On the other hand, Green conversion is also gathering pace.
This idea would let all of us invest digital, or not in the future while earning a fixed interest from that investment and if lucky win a cash prize.
Europe has fostered an engaged and active green bond market so why not for the whole world.
All comments are appreciated. All creative suggestions to improve on the idea are welcome. All like clicks and abuse chucked in the bin.
If you thought that governments’ new energy grants are going to solve all our energy woes think again.
One of the greatest problems with green energy like fossil energy is that it is controlled by the energy giants. The very term Carbon Footprint was introduced by BP.
If green energy had the ability to produce electricity and placing it in the hands of the people rather than those of oil, gas, coal, and utility companies, we would than see its benefits.
It could also lead to some fundamental changes in the way we consume energy.
Electricity access is essential to people’s lives but cost equals pollution.
We need to start shifting our use of energy to when it is there and available rather than shifting the energy production to match our use.
There is already solar technology that allows the establishment of Solar-powered mini-grids, and it is essentially mini-grids are independent, decentralized electricity networks that can function separately from a national grid.
They can generate electricity for local consumption.
When combined with efficient and environmentally sustainable battery storage, solar mini-grids present a compelling economic case.
By 2050 we will still be getting 75% of our energy from fossil fuels’ – it is
estimated that by 2040, the world’s energy consumption will have increased
by almost 50% so watch this video below and tell me is to days rush to move
to alternative renewable energies, such as biomass, geothermal, tidal or
wave, solar, anaerobic digestion really green?
By then with climate change, the demands for cooling will outstrip the demands for heating.
There can be no doubt that implementing a shift in where we get our energy from is one of the grand challenges facing our planet today.
In the two videos below, you will see growing evidence of the non-inclusion of social conscience in the name of renewable energy development, as well as severe environmental damage, with fossil, fuel investment unmasked, exposing the dark side of renewables.
The question is: Are we all been taken for suckers when we hear that renewable energy is clean, that electric cars will save the world by not contributing to greenhouse gas emissions and climate change.
How to quantify the overall environmental impact of energy technologies has actually been a subject of the academic literature for some time.
Engineers use a process called life cycle assessment to count up all of the interactions between a complete energy system and the environment.
For example, life cycle assessments of electricity generation typically consider power plant raw materials extraction, plant construction, fuel extraction, fuel processing, fuel delivery, fuel combustion, electricity transmission, and other upstream and downstream processes in order to paint a complete picture of the energy and emissions required to produce and deliver a unit of electricity.
There is no argument that total GHG emissions from natural gas, oil, and coal electricity are far greater than those from any renewable energy technology.
Even if it takes more energy and emissions to build a solar farm than, say, a natural gas power plant, the fact that the solar farm produces zero emissions during operation causes it to be cleaner overall. The same holds for all other forms of renewable energy—and nuclear to.
The facts are out there and they clearly show natural gas, oil, and coal electricity emissions vastly exceed those from renewables and nuclear.
But the question remains.
Every day, our species chews its way through more than a million terajoules of energy.
Humanity’s hunger for energy will reach unprecedented levels.
It is estimated that since commercial oil drilling began in the 1850s, we have sucked up more than 135 billion tonnes of crude oil to drive our cars, fuel our power stations, and heat our homes.
So let’s look at six of the main contenders.
Biomass – Recently-living natural materials like wood waste, sawdust, and combustible agricultural wastes can be converted into energy with far fewer greenhouse gas emissions than petroleum-based fuel sources. That’s because these materials, known as biomass, contain stored energy from the sun.
Biofuels – Rather than burning biomass to produce energy, sometimes these renewable organic materials are transformed into fuel. Notable examples include ethanol and biodiesel. Biofuels provided 2.7 percent of the world’s fuels for road transport in 2010, and have the potential to meet more than 25 percent of world demand for transportation fuels by 2050.
Hydropower – Also called hydroelectric power, hydropower is generated by the Earth’s water cycle, including evaporation, rainfall, tides, and the force of water running through a dam. Hydropower depends on high precipitation levels to produce significant amounts of energy.
Geothermal energy – Just under the earth’s crust are massive amounts of thermal energy, which originates from both the original formation of the planet and the radioactive decay of minerals. Geothermal energy in the form of hot springs has been used by humans for millennia for bathing, and now it’s being used to generate electricity. In North America alone, there’s enough energy stored underground to produce 10 times as much electricity as coal currently does.
Solar power – The most prevalent type of renewable energy, solar power is typically produced using photovoltaic cells, which capture sunlight and turn it into electricity. Solar energy is also used to heat buildings and water, provide natural lighting, and cook food. Solar technologies have become inexpensive enough to power everything from small hand-held gadgets to entire neighborhoods.
Wind power – Air flow on the earth’s surface can be used to push turbines, with stronger winds producing more energy. High-altitude sites and areas just offshore tend to provide the best conditions for capturing the strongest winds. According to a study published in the Proceedings of the National Academy of Sciences, a network of land-based, 2.5-megawatt wind turbines in rural areas operating at just 20% of their rated capacity could supply 40 times the current worldwide consumption of energy.
Its problem is the radioactive waste and its disposal.
These energy resources are renewable, meaning they’re naturally replenished and they utilize energy sources that are readily available however I suppose that there remain three pertinent points when it comes to renewable green energy.
Availability – Cost – Sustainability.
‘How do I know if green electricity is really green?’
Leaving aside that some renewable energy technologies might produce more overall emissions than fossil fuels because they cost so much if you don’t have control over the type of energy, and its cost it’s equivalent to the pollution with all of us condemned to global warming.
Take Solar thermals for instance.
Really good but if it costs twice as much as burning coal the manufacturing cost was all dirty energy to produce clean energy…If you had a solar cell that took two Joules of dirty energy to make it and it only returned one Joule of clean energy in its life—it’s a loss…
Have environmental impacts, presenting social sustainability issues.
Wind and solar energy are highly dependent on the weather – and the time of day.
Fossil fuels have one major advantage over renewable energy sources – they are very easy to store and transport. Green energy requires the energy to be transmitting over long distances and currently, there is no easy way to store the electricity produced by wind or solar energy for appreciable periods of time.
Battery technology is not yet good enough to efficiently store large amounts of energy. This is an area that is really ripe for innovation and we are really only at the start of deploying and testing potential solutions.
The supply must match the demand.
So we have a quandary, do we continue to develop super grids like large-scale wind and solar power stations in the Mongolian Gobi desert or the Sahara, in the sea, or on land not suitable for agriculture or establish Solar-powered mini-grids with power-sharing deals.
Nearly a quarter of the natural gas consumed in the European Union comes from Russia far from green.
As new technology is developed it will shift the geopolitics of energy, It will change relationships between not just countries but cities, towns, villages, and apps.
A major energy transition is underway, creating opportunities while increasing uncertainty and developing the need to ensure sustainability, affordability, inclusiveness, and security.
By many measures, the world is still in the early stages of a deep and profound transformation in energy and industrial and agricultural processes. This transformation will not be easy, for mobilizing meaningful economic change is rarely a simple process that proceeds without opposition.
So where are we at the moment the vast majority of the country – nae, the world – is dependent on fossil fuels which are contributing to the destruction of the Earth’s atmosphere and ultimately our planet?
So throughout the course of our lifetimes, we can expect some big changes.
A large amount of responsibility falls to major energy suppliers who rely heavily on policy initiatives to drive deep decarbonization. Thinking more clearly about power and stimulating that broader narrative are the purposes of this post.
All human comments appreciated. All like clicks and abuse chucked in the bin.
At the moment we are inundated with rhetoric that the world is going to change due to the coronavirus pandemic.
Now the big question yet to be answered is how in the midst of a coming a Global economic depression to restate countries’ economies.
But the truth remains that few politicians are prepared to take substantive leadership towards changes that could alienate powerful interest groups that benefit from the current paradigm.
It appears that we have a brain drain as existing legal frameworks and regulations do not encourage improved environmental and economic practices or innovations.
However, issues that created a sense of solidarity among civil society and academia in earlier decades are now back on the table thanks to the Pandemic.
While the rationale for change is clear even with the evidence of climate change, and the possibilities of future pandemics there are a number of barriers or challenges to making this transition.
Key issues affecting the rate of transition to a green economy include entrenched interests supporting the status quo, lack of data and information, organizational obstacles, reaching competitive levels of risk and return for financing, and the need to scale up.
It’s about getting everyone – from governments through to the business community – to work together to do things differently, and this requires a common language.
Whether that is at the international level, the national level, or within the business community. All levels need to be striving towards the same goals, and the indicators provide a common way of talking about this – allowing a better-managed with system corporate social responsibility.
Green Economics principles should be developed to meet the needs and vision of each country and each sector. The goal is not to simply arrive at a list of principles but to engage in discussions with stakeholders about the priorities and approaches to moving toward a green economy.
Environmental well-being contributes to economic well-being when the environment is able to properly carry out its functions. For longterm prosperity through equitable distribution of economic benefits and effective management of ecological resources; it must be economically viable and resilient, self-directed, self-reliant, and pro-poor.
The need for a convergence – that all sectors need to work together to deliver these goals.
The first thing to say is that a green economy would not have to be any different than the regular economy.
Supply and demand.
What role does public policy play in encouraging and facilitating the green economy?
1. The green economy is a means for achieving sustainable development. 2. The green economy should create decent work and green jobs. 3. The green economy is resource and energy-efficient. 4. The green economy respects planetary boundaries or ecological limits or scarcity. 5. The green economy uses integrated decision making. 6. The green economy measures progress beyond GDP using appropriate indicators/metrics. 7. The green economy is equitable, fair, and just – between and within countries and between generations. 8. The green economy protects biodiversity and ecosystems. 9. The green economy delivers poverty reduction, well‐being, livelihoods, social protection, and access to essential services. 10. The green economy improves governance and the rule of law. It is inclusive; democratic; participatory; accountable; transparent; and stable. 11. The green economy internalizes externalities.
Thanks to COVID-19 we’re going to see a huge amount of capital flood into sustainability. It is already happening if at a slow pace.
The government can spark a clean energy economy by setting the rules and letting the private sector scale up.
Of course, finance will not be the only factor in this transition, but rather the forthcoming Economic Depression.
What better way to stimulate growth by securing self-efficiency in green energy (Energy production results in the emission of 80 percent of global carbon dioxide.)
What better wayto promote Tourism that depends on the environmental quality of a destination – i.e. – clean air, water, and land. It depends on the natural environment for its wide array of ecosystems, for example, beaches and coastal areas, mountains, and forests.
What better way to stop pollution that has an impact on global warming has a potential cost from flooding and hurricane damage, low agriculture yields, and population resettlement.
What better way to realize that GDP is increasing while emissions are going down.
What better way to leave a legacy for the next generation.
What better way to engage the whole population.
What better way to make wealthy countries finally realize that the greenest investments also look like the wisest.
What better way for the European Union to live up to its name ( Union) by Investing in the sunshine of the south with energy grants to establish solar farms. The north could manufacture them creating millions of new jobs in their economies, in Italy, Spain, Greece.
The benefits arising from the green economy are extended to all levels of population and all countries, as well as interconnected among the features of mutual influence and common development: the more countries and companies “go green”, the more the economy grows; the more the economy grows through “green plans”, the more research and development on the green economy will be conducted. The more green economy dominates markets, the sooner the world will be a clean place after more than two hundred years of increasing.
That there is a need for a new model of economic development but unfortunately, that is what it is Rhetoric.
All human comments appreciated. All like clicks and abuse chucked in the bin.