Green Capitalism
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It isn’t happening, too little, too late
https://www.theguardian.com/environment/2021/jul/26/climate-crisis-green-light
Despite the record number of corporate climate assurances, an analysis of 9,300 listed companies in July found that they are still on course to exceed their “carbon budgets” – the total amount of emissions they can release and still keep in line with 1.5C of warming – within the next six years.
“It is easy to say that becoming net-zero is a high priority, but it is another to take action, especially immediate action.” said Remy Briand, head of environmental, social and governance at index provider MSCI. While some companies have placed climate change at the top of their agenda, he added, others have made weak pledges or failed to act at all. Many corporations’ net zero pledges decades away, and many offer few interim targets.
Gonzalo Muñoz, UN climate expert, explains “It’s what we do today, and in these next five to 10 years, that will determine whether we succeed or not.”
Oxfam says net zero business promises – “greenwash”
The latest scheme being proposed
Imagine that 1,000 people are employed in an office building whose lot has space for only 300 automobiles. If everyone can park for free, the result is excess demand and congestion. To avoid this, a fee is charged to limit demand to the lot’s capacity. Each month the revenue from the parking fees is distributed in equal payments to everyone who works in the building. Those who travel to work by public transport or bicycle come out well ahead: they pay nothing to park and still get their share of the revenue. Those who carpool more-or-less break even. And those who commute daily in a single-occupancy vehicle pay more than they get back. Dividends apply the same logic to parking carbon in the atmosphere.
A new word for capitalists who spot a business opportunity in the supposed solutions to climate change
“ecopreneur”
One of the techno-fixes for climate change
China is poised to test a thorium-powered nuclear reactor – “safer” and “greener” than regular uranium reactors
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