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Archive for 10. Oktober 2019

The Path to Climate Safety

Posted by hkarner - 10. Oktober 2019

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

The global toll from weather-related disasters in 2018 was more than $200 billion, and annual losses in the United States alone averaged around $100 billion during 2014-18. And the latest climate science tells us that there is much worse to come unless we abide by the 1.5ºC limit.

NEW YORK – The global climate agenda has been greatly clarified in recent years. We now know that Earth’s average temperature is on a path to increase by around 3º Celsius, relative to preindustrial levels, by 2100, which is twice the 1.5ºC limit targeted by the 2015 Paris climate agreement. We know that weather-related damage is rapidly mounting. We know that to stay below the 1.5ºC threshold, we need to reach zero net greenhouse-gas emissions by 2050, with net negative emissions thereafter. And we know that reaching net-zero emissions by 2050 is feasible and affordable. All we lack is action. 

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Wanted: A Global Green New Deal

Posted by hkarner - 10. Oktober 2019

Joseph E. Stiglitz, University Professor at Columbia University, is the co-winner of the 2001 Nobel Memorial Prize, former chairman of the President’s Council of Economic Advisers, and former Chief Economist of the World Bank. His most recent book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent.

To live within our planetary means, we will have to change many aspects of how we live – how we organize our economies, our cities, and our transportation, energy, housing, and food systems. The good news is that most of the world now recognizes this; the bad news is that its largest polluter does not.

NEW YORK – Nearly a quarter-century ago, I was a lead author on “Climate Change 1995 – A Report by the Intergovernmental Panel on Climate Change.” In that report, we made one big mistake: we should have sounded the alarm louder. But we lacked the overwhelming evidence that we have today concerning the pace and consequences of climate change, so we didn’t fully anticipate the extreme weather events that have had such devastating effects on our planet and on our lives and property. 

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Mobilizing for a Climate Moonshot

Posted by hkarner - 10. Oktober 2019

Mariana Mazzucato is Professor of Economics of Innovation and Public Value and Director of the UCL Institute for Innovation and Public Purpose (IIPP). She is the author of The Value of Everything: Making and Taking in the Global Economy, which was shortlisted for the Financial Times-McKinsey Business Book of the Year Award.

Governments can accomplish remarkable things when they have not been hollowed out in the name of misguided „free-market“ ideology. Now that humankind is confronting the existential challenge of climate change, our survival depends on reclaiming the public spirit of the Apollo program – and the hope it inspired.

LONDON – The of the first Moon landing in July reinforced an important lesson: one of humankind’s greatest feats occurred when imagination, common purpose, and a systemic approach to problem solving won out over siloed thinking and anxiety about where the money would come from. As US President John F. Kennedy made clear in 1961, going to the moon would cost money and entail risks, but it would be well worth it. 

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nvestors Rush Into Quality Stocks

Posted by hkarner - 10. Oktober 2019

Date: 09-10-2019

Source: The Wall Street Journal

Economic uncertainty has pushed investors into stocks that may be better able to withstand a downturn

What is ‘quality’ when it comes to stocks? It’s in the eye of the beholder.

As uncertainty mounts over the direction of the economy and financial markets, investors are flooding into exchange-traded funds focused on so-called quality stocks.

Quality stocks are those of companies with higher and more reliable profits, low debt and other measures of sustainable earnings. Presumably, these are the stocks that can withstand an economic downturn better than others, and advisers see exposure to quality as a way to reduce risk at a time when stock valuations are still high.

This year through September, some $4.6 billion has poured into ETFs focused on quality stocks, according to data from Bloomberg. That is more than the $3.5 billion that was invested in the strategy for all of last year and is the highest amount ever in any calendar year, says Todd Rosenbluth, who heads ETF and mutual-fund research at CFRA, a New York financial-data provider. Den Rest des Beitrags lesen »

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