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https://www.theguardian.com/books/2014/sep/22/this-changes-e...
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It looks like they're working on the Berkeley Pit: https://www.mtpr.org/post/montanas-berkeley-pit-water-treatm... But yeah the developing countries do deserve it. However, it remains a complex political issue. How do you declare or enforce regulations in countries outside of our jurisdiction? You can try to convince those countries it's worth it but you can't force them to.
Tariffs and sanctions. "Tax carbon or you can't trade with us. We'll freeze your assets in our banks. We'll get our allies to do the same thing. Any company that trades with you can't do business here." It works to force compliance on many other issues.
In all the distrust and misinformation out there around this subject, it's refreshing whenever I see finance people talk in these terms. They are pragmatic to a fault, and wouldn't make statements like these lightly.
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Stone age tech meant they didn't have time to worry about fake crises, life was hard enough, eh? They just took the warm weather that followed the ice age and invented farming. Not bad. Resources aren't declining. Energy is more abundant than ever. Crop yields are way up. The Earth is greener and has more trees than it did just a few decades ago. Basic necessities are covered. There's no basis for alarmism.
Why do you think it's a "fake" crisis? All of the world's climate scientists (spanning multiple disciplines) are lying or exaggerating...for what exactly? More research grants? They could probably get more money by writing papers denying there's a problem. "Things are better than ever" is a meaningless statement. The Titanic was going great until it hit that iceberg. Our lookouts have been loudly warning us of this i…
That itself is an exaggeration. Most of the world's scientists have nothing to do with climate science.
Earlier quoted context omitted.
Tariffs and sanctions. "Tax carbon or you can't trade with us. We'll freeze your assets in our banks. We'll get our allies to do the same thing. Any company that trades with you can't do business here." It works to force compliance on many other issues.
But it only works if we've made efforts to fix our own carbon emitting economies. Before anyone makes the currently popular "why aren't you telling China and India to stop emitting" argument
Climate denialism in developed countries has many forms. Some of them include:
1. It's not happening
2. It's happening but it's natural
3. It's happening and it's because of human activity but it'll cost too much to fix it.
4. We could fix it but we'd be outcompeted by everyone else who doesn't. So let's not.
Tariffs and sanctions are to address #4. Rich countries absolutely must fix their economies, no question about it.
"FIRM ACTS AS A PLACEMENT AGENT IN THE IFC’S $152 MILLION BOND TO PROTECT FORESTS AND DEEPEN CARBON-CREDIT MARKETS" https://www.jpmorgan.com/country/US/en/detail/1320553563765
In this case, looks like JPM is betting that the world will get a hold of itself, which would make this product a bit more... productive.
Earlier quoted context omitted.
Why do you think it's a "fake" crisis? All of the world's climate scientists (spanning multiple disciplines) are lying or exaggerating...for what exactly? More research grants? They could probably get more money by writing papers denying there's a problem. "Things are better than ever" is a meaningless statement. The Titanic was going great until it hit that iceberg. Our lookouts have been loudly warning us of this i…
>All of the world's scientists are lying or exaggerating That itself is an exaggeration. Most of the world's scientists have nothing to do with climate science.
In all the distrust and misinformation out there around this subject, it's refreshing whenever I see finance people talk in these terms. They are pragmatic to a fault, and wouldn't make statements like these lightly.
> They are pragmatic to a fault, and wouldn't make statements like these lightly. The situation is dire, but lets not discount these are the very same people responsible for the derivatives scandal that plunged the global economy into disrepute, and profited very handsomely from it with bail outs and bonuses for their utter failure to exercise sound financial behaviour. So lets not place the very same people capable…