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ESG should be boiled down to one simple measure: emissions

economist.com

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Re: ESG should be boiled down to one simple measure: emissions

#171
post #63

ESG exists because there's a market for that form of equity. That market is willing to buy equity that might even underperform the rest of the market, because it explicitly does perform in the metric these buyers care about. There are already options if you strictly are focused on emissions, so I don't think this article is meaningful. The Economist is right-leaning and would certainly love to distract ESG equity buy…

Not to comment on the rest of the comment, but apparently the Economist is not right leaning? Do you have a source for that? https://www.allsides.com/news-source/economist

The Economist is one of the voices of the City of London. They appear centrist until they start talking against public schooling, nationalisation, or government-subsidised utilities.

Re: ESG should be boiled down to one simple measure: emissions

#172
Why would focusing on just one measure be the right approach when the UN (i.e., its member countries) have agreed on 17 sustainable development goals?

Focusing just on emissions isn't sustainable! This just doesn't make any sense. If we take goal #1: No Poverty or goal #4: Quality Education #8: Decent Work and Economic Growth as examples, how does one reduce everything to emissions? Emissions is probably one thing related to goal #13: Climate Action, but somehow handwaving it as the only one of import sounds dubious.

https://sdgs.un.org/goals

Re: ESG should be boiled down to one simple measure: emissions

#173

Earlier quoted context omitted.

> A common claim by climate-deniers that has been widely debunked Extending car lifetime and first-owner possession length can reduce overall emissions more than accelerating replacement according to new study[0] [0] https://www.kyushu-u.ac.jp/en/researches/view/218

That study doesn't say what you're trying to imply it does, and it's just not very good regardless: > In this case, by keeping more cars in the hands of their original owners longer, the number of used cars on the road decreases. Accordingly, emissions from the driving of new, relatively fuel-efficient cars increase while those of used, relatively fuel-inefficient cars decrease. That, makes no sense. They seem to bel…

> Make them EVs.

Only makes them last longer if you leave the LTE modem and dmca and safety regulation backed repair countermeasures out.

Re: ESG should be boiled down to one simple measure: emissions

#174
post #172

Why would focusing on just one measure be the right approach when the UN (i.e., its member countries) have agreed on 17 sustainable development goals? Focusing just on emissions isn't sustainable! This just doesn't make any sense. If we take goal #1: No Poverty or goal #4: Quality Education #8: Decent Work and Economic Growth as examples, how does one reduce everything to emissions? Emissions is probably one thing re…

We’re facing climate change induced economic collapse in a few decades. Zero of the 17 goals are achievable if we don’t solve that problem.

If the UN claims it can’t see that, it is because it is bought off.

Re: ESG should be boiled down to one simple measure: emissions

#175

Earlier quoted context omitted.

That's true, though the intent behind posting the referendum was as a reflection of (lack of) direct public support for potentially personally painful measures. Getting something done through legislative channels obviously isn't worthless or meaningless, but it's not as direct of a reflection of a willingness to incur changes as a referendum is. In a unipolar state like WA, the actions of the legislature can be prett…

It's a bit circular to refer to it as personally painful measures though, and that seems to be a regular trope. Carbon taxes etc., are fairly subtle and boring technocratic method to achieve a goal. The reaction to them is almost entirely based on false impressions, a nested series of false impressions actually. There is no problem, there is no solution, this solution would make things worse, this solution would hurt…

> It's a bit circular to refer to it as personally painful measures though, and that seems to be a regular trope.

I guess I should have said "popularly perceived to be personally painful" - which I think you'd agree with? Carbon taxes are fantastic measures that are one of our best shots at success, and I think it's a shame the referendums didn't pass. The actual harm to voters would objectively be pretty low, but again, perception is what matters. Fact can obviously feed into perception, but in a case like this where we're explicitly dealing with misinformation campaigns correctness is necessary but, alone, insufficient.

And yeah, of course that reaction is deliberately misinformed - I tried to catch that in my original comment:

> It's absolutely true that various bad actors play a factor in that level of difficulty, but they're not going to shut up and go away if we clap our hands and wish really hard either.

The proponents of these bills had their shot. So did the deceptive oil majors. So far, hasn't worked out. What's the new plan - cede the fight for public opinion and try to do everything via administrative rearguard actions? I'm sticking to this point because the implicit response usually seems to be either that or "wait for a utopian mass moral awakening" - and neither is much of a strategy.

> is that if you actually ask people what they want, then they say they want to address climate change.

Well, kinda, and that's what I was getting at by mentioning push polling. If you position addressing climate change as a common-sense positive-balance deal requiring zero self-sacrifice, then sure. However, the gap between what people say they want and what they actually do is well-documented. If you drill down a little into what that willingness to incur change actually looks like, you get results like [1]. This is why referendum results are interesting as indicators of revealed preference. What I'm trying to avoid here is taking the push-poll cheap idealism as deep commitment, and using that to inform commitment to dead-end policy choices.

The core of my argument here is

1) real climate action is essential, and carbon taxes are one of the best means of implementing this from a technical perspective

2) voting outcomes and polling suggest that public support for changes that are popularly perceived as personally painful is limited, even in cases of subtle and boring technocratic methods like (1)

3) given (2), attaining the popular support necessary to wholesale ban private cars appears wildly unlikely

4) therefore, maybe focus on the stuff that we're actually somewhat close to (2016 vs 2018 referendums gained ~4%) instead of utopian pipe dreams that inspire fierce opposition

I may have been unclear because I feel like a lot of your point is addressing arguments I didn't make - I agree that carbon taxes are great and that opposition to them is largely not substantive. The problem I'm trying to point out is that if _even in this case_ things are ropey, talking about banning cars is beyond pie-in-the-sky. There's a strong need to focus on interventions that are minimally disruptive to lifestyles in order to maintain the degree of popular support necessary for long-term change. Convincing someone of the (true facts!) that a supply-side intervention like carbon pricing will have a minimally negative or positive impact on their day-to-day is way easier than talking that hypothetical person out of their car.

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[1] https://apnews.com/article/8e6baa6c2d3badeb4e91b6e6d078a5c0

Re: ESG should be boiled down to one simple measure: emissions

#176

Earlier quoted context omitted.

> but even "emissions" isn't a simple calculation Yes, it is. Tax the fuel on its carbon content at the point of sale of the fuel from the refinery.

We're getting a bit binary and reductive here, taxing fossil fuels is like 80% of the answer, but the details matter too. For example, the production of fossil fuels releases both carbon and methane. You want to tax those as well, to incentivise cleaner production methods. If a single country taxes their production, then products made with carbon intense methods in other countries will be imported, so international c…

An 80% answer is all we need. CO2 emission does not (and cannot) be reduced to zero.

Not doing it because other countries won't is a completely defeatist point of view. It is not destructive to the US to do it, because the carbon tax can be offset by reductions in other taxes, making it a net zero effect on the economy.

Re: ESG should be boiled down to one simple measure: emissions

#177

Earlier quoted context omitted.

That forgets to count methane from cows.

Cows aren't adding fossil carbon to the atmosphere. They are a distraction from the real problem.

Honestly, I think all the talk of cows comes from the fossil fuel companies trying to distract people from doing anything. Much like the folks who say the US shouldn’t do anything because China emits more CO2 than the US does. Just delaying solutions so they can keep making more money.

Re: ESG should be boiled down to one simple measure: emissions

#178
post #174
post #172

Why would focusing on just one measure be the right approach when the UN (i.e., its member countries) have agreed on 17 sustainable development goals? Focusing just on emissions isn't sustainable! This just doesn't make any sense. If we take goal #1: No Poverty or goal #4: Quality Education #8: Decent Work and Economic Growth as examples, how does one reduce everything to emissions? Emissions is probably one thing re…

We’re facing climate change induced economic collapse in a few decades. Zero of the 17 goals are achievable if we don’t solve that problem. If the UN claims it can’t see that, it is because it is bought off.

That argument doesn't hold. Yes, climate action is needed. But, for many countries that have to lift their populace from poverty, 'goal #1: No Poverty' and 'goal #2: Zero hunger' may carry higher weightage as they tend to their immediate and short/medium term objectives.

Unfortunately, there is no long-run without considering the short-run.

Re: ESG should be boiled down to one simple measure: emissions

#179

Earlier quoted context omitted.

I have never owned a car in my life. Am I living in 1984? It is really not a big deal.

It's not about car-free life. It's about dense cities being terrible places to live unless you're at a level of wealth high enough to isolate yourself from the poverty, crime, noise, etc in a secure luxury apartment in an upmarket area. IMHO, big cities are dying, they're a relic of the past. The Internet had already killed physical retail. The pandemic killed off more businesses while WFH workers fled the cities. So…

Cities in the Netherlands are very good and safe places to raise kids in: https://www.youtube.com/watch?v=oHlpmxLTxpw

It is just a matter for human instead of car-centric city planning. This will also help with poverty and crime.

Re: ESG should be boiled down to one simple measure: emissions

#180

Earlier quoted context omitted.

A electric cars are mostly a luxury item for rich people to feel better. Not sure why you think Tesla should have a good rating. They are harmful in that they are actively distracting from the proper solution: that people shouldn't have private cars. The environmental cost to produce car, the space they take up in the cities, in the end private car ownership can not be made sustainable even if they run on electric. T…

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