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  • FIRST POST
    • Martyn1981
    • By Martyn1981 9th Jun 15, 6:25 AM
    • 9,406Posts
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    Martyn1981
    Green, ethical, energy issues in the news (last 2 weeks)
    • #1
    • 9th Jun 15, 6:25 AM
    Green, ethical, energy issues in the news (last 2 weeks) 9th Jun 15 at 6:25 AM
    MSE Insert:

    We've seen some debate on this thread about the relevance of some posts to the topic.

    To ensure the thread remains on topic for forumites wanting to discuss the latest news we're asking that all posts contain a link to the news you're discussing.

    For the purposes of this thread the "news" needs to be within the last two weeks.

    Back to Martyn1981's original post.

    ---

    I thought it might be a good idea to have a thread for posting general news items that may be of interest.

    PV and the 'Solar in the news' thread attract a lot of interest, so here's a thread for all the other goings on.

    Mart.
    Last edited by Former MSE Andrea; 09-10-2018 at 9:41 AM.
    Mart. Cardiff. 5.58 kWp PV systems (3.58 ESE & 2.0 WNW)

    For general PV advice please see the PV FAQ thread on the Green & Ethical Board.
Page 182
    • Martyn1981
    • By Martyn1981 13th Oct 19, 2:35 PM
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    • 14,299 Thanks
    Martyn1981
    Go green or go bust? As I keep saying, focusing on the cost of action is financially irresponsible, when the cost of inaction is so much more.

    Firms ignoring climate crisis will go bankrupt, says Mark Carney

    Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned.

    Mark Carney also told the Guardian it was possible that the global transition needed to tackle the climate crisis could result in an abrupt financial collapse. He said the longer action to reverse emissions was delayed, the more the risk of collapse would grow.

    Carney has led efforts to address the dangers global heating poses to the financial sector, from increasing extreme weather disasters to a potential fall in asset values such as fossil fuel company valuations as government regulations bite. The Guardian revealed last week that just 20 fossil fuel companies have produced coal, oil and gas linked to more than a third of all emissions in the modern era.

    The Bank of England has said up to $20tn (£16tn) of assets could be wiped out if the climate emergency is not addressed effectively. But Carney also said great fortunes could be made by those working to end greenhouse gas emissions with a big potential upside for the UK economy in particular.
    Mart. Cardiff. 5.58 kWp PV systems (3.58 ESE & 2.0 WNW)

    For general PV advice please see the PV FAQ thread on the Green & Ethical Board.
    • Martyn1981
    • By Martyn1981 13th Oct 19, 3:06 PM
    • 9,406 Posts
    • 14,299 Thanks
    Martyn1981
    To crash or not to crash, that is the MS question
    Countdown to a 'Biggie', but I wouldn't hold your breath, there's a lot of big and little 'P' politics going on here, and literally anything could happen.

    Divestment works – and one huge bank can lead the way

    On 15 October, the European Investment Bank meets to decide its policy on fossil fuels. The hand of history is on its shoulder
    And if the EIB does act, it will send a strong signal to markets and to other lenders. For almost a decade now, observers have understood that restricting the flow of money to the fossil fuel industry is a key part of the climate fight. That’s why endowments and portfolios worth more than $11tn have begun divesting their fossil fuel stocks; last month the University of California system became the latest big player to join in, scrubbing its $80bn endowment and pension fund of fossil fuel stocks. Heck, even a major American utility announced that it was divesting its pension fund because it could see where the future lay.
    The EIB would also be doing a service to everyone who will be hurt financially as the fossil fuel industry founders. As the governor of the Bank of England, Mark Carney, began warning some years ago, there are massive “stranded assets” represented by oil and gas reserves that can’t be burned if we are to meet our climate targets. This “carbon bubble” hangs over our markets like the housing bubble of a decade ago: if the EIB backs away from new fossil fuel lending, it will help with the slow deflation of that bubble, lessening pressure on the system.

    But the biggest reason for the EIB to take this step is simple: it responds to the cries of both young people and scientists.
    Anyone who believes in physics and chemistry knows that the time for change is here – indeed, it’s past due.

    The fifteenth of October is a crucial day in the most important fight the planet has ever faced, and a sign of whether Europe’s governments, particularly those of Germany and Italy, who insiders report have been strongly against a fossil-free EIB policy, will respond with open hearts to the outpouring of hope we have seen in the past weeks.
    Mart. Cardiff. 5.58 kWp PV systems (3.58 ESE & 2.0 WNW)

    For general PV advice please see the PV FAQ thread on the Green & Ethical Board.
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