Here’s another in a series of articles from the Rocky Mountain Institute (RMI): 90 Percent of Euro Area Banks Are Out of Step with Paris Goals. How Can They Get on Track? An excerpt:
(An analysis) of 95 Euro area banks found that approximately 90 percent are misaligned with the goals of the Paris Agreement. Misalignment with climate pledges can expose financial institutions to significant risk as policy and market conditions increasingly reflect climate realities. For example, when carbon-intensive borrowers face carbon pricing, regulatory restrictions, or shifting consumer preferences, they can become less competitive against peers and more prone to default on loans.
We all wish banks would get on board with climate change mitigation and, at a minimum, refuse to lend trillions of dollars for fossil fuel projects around the world. After all, this could have the effect of helping developing countries “leapfrog” over coal and natural gas power generation plants and move directly into nuclear and renewables.
Is this “misalignment” and its accompanying business risk going to be a factor? Perhaps we should hold out hope. It would be far better if taking action were done simply because it’s the right thing to do, but that doesn’t seem to be happening.
Can’t swear that the story here is authentic, but it sure rings true.
Vermont is a somewhat quirky state, but it protects its citizens very well. FWIW, this is where I want MY tax dollars going too.
Florida is a deeply red state that, true to form, wants as much ignorance as it can possibly produce. Educated people aren’t voting for people like Ron Desantis.
The GOP is asking American voters to believe that “radical left Democrat extremists” are leading the country into socialism/communism. They’re hoping that this fear will outweigh the electorate’s understanding of the damage that Trump, with help of congressional Republicans, is inflicting on this nation in the form of the war in Iran, destroyed relations with allies, inflation, shoddy education, environmental collapse, and threats to Social Security and Medicare.
As we all know, the rate at which a lie becomes accepted as true is a function of the frequency that it is repeated. And God knows, we see this crap about communism every time we turn around.
But this looks like an unwinnable battle. Virtually no one wants to abandon free enterprise. Moreover, Trump’s abysmal polling numbers reflect the fact that is largely despised as a criminal–the most corrupt figure in U.S. history.
How would you like to be campaigning to retired baby boomers on the platform that we cannot afford Social Security any longer, because we’ve siphoned off huge amounts of money, like our president’s “vanity war,” with only further downside in sight, that is costing $1 billion a day?
It appears that there are a few Republicans who understand the SAVE Act is simply an exercise in voter suppression and thus an attempt to overturn American democracy.
We need to accept any little bit of good news where we can find it.
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