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.
Not sure about this.
A magna cum laude graduate of Harvard Law School might struggle to identify a bear. Could be.
This is the intelligence level of the American electorate today.
The Chinese ownership of American farmland is less than 0.00036, or 0.036%. To put this into perspective, if the entirety of U.S. farmland were reduced to one acre, the Chinese government and business interests would own less than 15 square feet, about half the size of a small broom closet.
Yet, true to form, this is a huge issue for the MAGA base.
This guy is quite effective in talking to uneducated, conservative Americans, most of whom have never traveled to, or even read anything about the happiest countries on Earth.
If I were going to make a statement about the relationship between social justice and despotism, I would at least consider the lives of the people in places that consider social justice to be something of importance, and compare/contrast this to the list of the countries that are perennially at the top of the World Happiness Rankings.
What makes the people in New Zealand, Iceland, Costa Rica, Northern Europe, etc., so happy? Why do these are these nations suffer exactly zero despotism?
I would be completely ashamed of myself if I were to forward a political theory that had precisely no basis in fact.
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