Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Climate Change’

A Very Hot Year

Posted by hkarner - 24. Februar 2020

Date: 23‑02‑2020

Source: Bill McKibben

This year began with huge bushfires in southeastern Australia that drove one community after another into temporary exile, killed an estimated billion animals, and turned Canberra’s air into the dirtiest on the planet. The temperatures across the continent broke records—one day, the average high was above 107 degrees, and the humidity so low that forests simply exploded into flames. The photos of the disaster were like something out of Hieronymus Bosch, with crowds gathered on beaches under blood‑red skies, wading into the water as their only refuge from the flames licking nearby. But such scenes are only a chaotic reminder of what is now happening every hour of every day. This year wouldn’t have begun in such a conflagration if 2019 hadn’t been an extremely hot year on our planet—the second‑hottest on record, and the hottest without a big El Niño event to help boost temperatures. And we can expect those numbers to be eclipsed as the decade goes on. Indeed, in mid‑February the temperature at the Argentine research station on the Antarctic Peninsula hit 65 degrees Fahrenheit, crushing the old record for the entire continent.

It is far too late to stop global warming, but these next ten years seem as if they may be our last chance to limit the chaos. If there’s good news, it’s that 2019 was also a hot year politically, with the largest mass demonstrations about climate change taking place around the world.

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Jeff Bezos Pledges $10 Billion to Tackle Climate Change

Posted by hkarner - 19. Februar 2020

Date: 18‑02‑2020

Source: The Wall Street Journal

Amazon CEO says fund will aid scientists, others to fight ‘biggest threat to our planet’

Jeff Bezos’s $10 billion Bezos Earth Fund aims to provide financial backing to scientists, activists, non‑government organizations and others trying to counter effects of climate change on the natural world.

Amazon.com Inc. Chief Executive Jeff Bezos says he is committing $10 billion to start a new fund to fight climate change, the biggest philanthropic move to date for the world’s richest man.

Mr. Bezos, who announced the new fund on his Instagram account on Monday, said the Bezos Earth Fund would help back scientists, activists, non‑government organizations and any other effort that “offers a real possibility to help preserve and protect the natural world.”

Mr. Bezos, who provided few details about the fund, said he would start issuing grants this summer.

“Climate change is the biggest threat to our planet,” Mr. Bezos wrote. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.”

Mr. Bezos didn’t specify whether he plans to set up a philanthropic foundation or seek to provide grant funding through another entity. A spokesman for Amazon confirmed that the pledge is genuine but declined to provide any additional details on Mr. Bezos’s plans. Den Rest des Beitrags lesen »

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Earth just had hottest January since records began, data shows

Posted by hkarner - 15. Februar 2020

Date: 13‑02‑2020

Source: The Guardian

Average global temperature 2.5F above 20th‑century average

Antarctic has begun February with several temperature spikes

Chinstrap penguins in Antarctica, which at the weekend broke 20C for the first time in its history.

Last month was the hottest January on record over the world’s land and ocean surfaces, with average temperatures exceeding anything in the 141 years of data held by the National Oceanic and Atmospheric Administration.

The record temperatures in January follow an exceptionally warm 2019, which has been ranked as the second hottest year for the planet’s surface since reliable measurements started. The past five years and the past decade are the hottest in 150 years of record‑keeping, an indication of the gathering pace of the climate crisis. Den Rest des Beitrags lesen »

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Let’s abandon climate targets, and do something completely different

Posted by hkarner - 31. Januar 2020

Date: 30‑01‑2020

Source: The Guardian: George Monbiot

Setting targets for climate action sounds sensible, but is actually impeding progress. There’s a different approach: maximisation

‘The 2015 Infrastructure Act introduced a legal duty to ‘maximise the economic recovery’ of petroleum in the UK.’ An oil rig in the North Sea.

The crisis is not imminent. The crisis is here. The recent infernos in Australia; the storms and floods in Brazil, Madagascar, Spain and the US; and the economic collapse in Somalia, caused in part by a devastating cycle of droughts and floods, are not, or not only, a vision of the future. They are signs of a current and escalating catastrophe.

This is why several governments and parliaments, the UK’s among them, have declared a climate emergency. But no one in government acts as if it is real. They operate within the old world of incremental planning for a disaster that has yet to arrive. Den Rest des Beitrags lesen »

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Net-Zero at Davos

Posted by hkarner - 25. Januar 2020

Jules Kortenhorst

Jules Kortenhorst is CEO of the Rocky Mountain Institute.

The World Economic Forum used its influential annual meeting in Davos this year to issue a call to arms on climate change. Corporate and finance leaders must recognize that as members of the global elite, they have a duty to lead the charge toward a clean, low-carbon economy.

DAVOS – At its annual flagship meeting in Davos, Switzerland, this year, the World Economic Forum called on companies from around the world to commit to reducing their greenhouse-gas emissions to net-zero by 2050 at the latest. Climate science shows us that such reductions are necessary both to meet the goals of the 2015 Paris climate agreement and to prevent catastrophic climate change.

Naturally, we at the Rocky Mountain Institute (RMI) welcome the WEF’s challenge to the global business community. It is both timely and appropriate. It makes clear to business leaders that, as members of the “Davos elite,” they have a responsibility to set an example by taking bold, immediate action to reduce emissions. Den Rest des Beitrags lesen »

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Wer zahlt für den grünen Deal?

Posted by hkarner - 23. Januar 2020

Hans-Werner Sinn, Professor of Economics at the University of Munich, was President of the Ifo Institute for Economic Research and serves on the German economy ministry’s Advisory Council. He is the author, most recently, of The Euro Trap: On Bursting Bubbles, Budgets, and Beliefs.

MÜNCHEN – Die EU-Kommission hat Großes vor. Sie will ein eine Billion Euro schweres Klimapaket schnüren, das den Weg in eine kohlenstofffreie Wirtschaft bis zum Jahr 2050 eröffnet. Die Summe soll freilich vor allem durch finanzielle Hebelwirkungen zustande kommen. Das echte Geld, das die EU für diese Zwecke bereit stellt, beträgt im Jahr 2020 nur etwa 40 Mrd. Euro, und davon war der Löwenanteil auch schon vorher eingeplant.  Neu sind wohl nur 7,5 Mrd. Euro. 

Wie schon bei dem erstmals im Jahr 2015 aufgelegten Juncker-Fonds besteht der Trick auch dieses Mal darin, dass der Löwenanteil der genannten Summe über einen Schattenhaushalt aufgebracht wird, den die Europäische Investitionsbank verwalten soll. Die EU-Kommission selbst darf zwar keine Schulden aufnehmen, doch die intergouvernementalen Rettungs- und Investitionsfonds der EU dürfen es. Ähnlich wie die großen Banken die Regulierung vor der Finanzkrise umgangen hatten, indem sie einen Teil ihres Geschäft in in außerbilanzielle Conduits und Zweckgesellschaften verlagerten, verhält sich auch die EU.

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All Aboard the Crazy Train

Posted by hkarner - 22. Januar 2020

Date: 21‑01‑2020

Source: The Wall Street Journal By Walter Russell Mead

Or at least that’s how populism’s rise feels to those at the World Economic Forum.

Davos, Switzerland

For half a century the annual meeting of the World Economic Forum has brought a mix of business leaders, politicians, pundits, academics, activists, “social entrepreneurs” and celebrities to this small village high in the Swiss Alps. For the year‑round inhabitants, the conference is a mixed blessing. Security barriers and heavy traffic turn the narrow streets into a nightmare. With well‑situated one‑bedroom apartments renting for as much as $5,000 a night, however, many a Davos‑dweller can escape the madness and pocket a nice profit. The resort’s hotels also make out well; with corporations and governments competing to reserve ballrooms and salons for their events, local hoteliers can clear more in a week than they likely could make during the whole ski season in the old pre‑WEF days.

There is something inescapably ridiculous about a gathering this self‑important; certainly Marie Antoinette and her friends dressing up as shepherdesses to celebrate the simple life has nothing on the more than 100 billionaires descending, often by private jet, on an exclusive Swiss ski resort for four days of ostentatious hand‑wringing about the problems of the poor and the dangers of climate change. This year an earnest young aide at registration told me that, to reduce the event’s carbon footprint, no paper maps of the town were being distributed; one could almost feel the waves of relief from the nearby Alpine glaciers at this sign of green progress. Den Rest des Beitrags lesen »

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Posted by hkarner - 21. Januar 2020

FURCHE-Kolumne 284,mWilfried Stadler

Joe Kaeser, Vorsitzender des Vorstandes von Siemens, verantwortet einen Jahresumsatz von nahezu 90 Milliarden Euro. Entscheidungen über komplexe Probleme und hohe Risiken gehören in seiner Funktion zur Routine. Er gilt als unkonventioneller Mahner gegen einen die Gesellschaft spaltenden „Kasinokapitalismus“ und orientiert sich damit an einem berühmt gewordenen Leitsatz des Firmengründers Werner von Siemens: Für augenblicklichen Gewinn verkaufe ich die Zukunft nicht“.

Dennoch geriet der weltgewandte Top-Manager jüngst unter massiven Druck, als deutsche Klimaschützer gegen die Lieferung von Signaltechnik für Züge protestierten, die in Australien für Kohletransporte eingesetzt werden. Kaeser lehnte eine Aufkündigung des bereits abgeschlossenen Vertrages ab, sicherte jedoch zu, in Zukunft konsequent für mehr Öko-Sensibilität zu sorgen. Sein Aufsehen erregendes Beschwichtigungsangebot, Aufsichtsrätin von Siemens zu werden, lehnte Luisa Neubauer, die 23-jährige Sprecherin der deutschen Friday-for-Future-Bewegung, nach kurzer Bedenkzeit ab.

Dass die Auseinandersetzung über den künftigen Umgang von Konzernen mit der Klimakrise damit wenige Tage vor Beginn des Welt-Wirtschaftsforums in Davos eine neue Dimension erreicht hat, ist Wasser auf die Mühlen von Klaus Schwab. Denn der Begründer dieser wohl gewichtigsten Welt-Konferenz sieht sich als Vorkämpfer einer Wirtschaftsordnung, in der Konzerne nicht nur Gewinnziele verfolgen, sondern auch zu sozialer und ökologischer Nachhaltigkeit beitragen. Den Rest des Beitrags lesen »

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Die Ungleichheitsdebatte, die wir brauchen

Posted by hkarner - 9. Januar 2020

Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International Monetary Fund from 2001 to 2003. He is co-author of This Time is Different: Eight Centuries of Financial Folly and author of The Curse of Cash

CAMBRIDGE – Während die Bewohner der wohlhabendsten Volkswirtschaften unserer Welt Schicksal und Finanzlage der Mittelschicht debattieren, haben über 800 Millionen Menschen keinen Zugang zu Strom. Und mehr als zwei Milliarden haben keine sauberen Kochstätten und sind daher gezwungen, zum Kochen schädliche Alternativen wie Tierextremente als Hauptbrennstoff zu verwenden. Zudem sind die Kohlendioxidemissionen in Europa und den USA noch immer deutlich höher als in China und Indien. Welches Recht haben insbesondere die Amerikaner, sich zu beschweren, dass China seine Produktion in emissionsstarken Industrien steigert, um dem durch seinen Handelskrieg mit den USA verursachten wirtschaftlichen Abschwung zu begegnen? Vielen Menschen in Asien erscheint die selbstzentrierte Debatte im Westen häufig unsensibel und an der Sache vorbei zu gehen.

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Today’s horrifying habits will be tomorrow’s taboos

Posted by hkarner - 8. Januar 2020

Date: 06‑01‑2020

Source: The Economist 2020 VISIONS

What beliefs and behaviours, commonplace today, will be condemned by future generations?

KIDS THESE days! Lamenting the loose morals and poor choices of the young is a timeless trope. They wear outrageous clothes! They listen to dreadful music! They have no respect for their elders! But inter‑generational criticism is a two‑way street: every generation also decries the unenlightened beliefs and behaviours of its elders. They owned slaves! They denied women the vote! They criminalised homosexuality! The nature of social change means that some beliefs and behaviours that are common today are sure to be considered unacceptable within a few decades. So what aspects of the world in 2020 will horrify future generations?

The most obvious candidate is failing to do more to combat climate change. Future generations will surely ask why, given the abundance of evidence of environmental harm, so little was done about it for so long. Elderly people in the 2050s may find themselves hiding the digital evidence of long‑haul air travel in their youth, and insisting that they only ever went on holiday by train. Even going on holiday at all may come to be seen as irresponsible and decadent at best, and immoral at worst. The ultimate form of ecotourism is to stay at home. Den Rest des Beitrags lesen »

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