Welcome to Finance and Fury, The Furious Friday edition
Today – cover Resource control over an economy/society – Energy, food, water – Many SDGs – 7, 13, 15, 16 – Mainly focus on 7 and 13 – this is the core of most SDGs – justifications for them anyway
Goal 13: Climate action -"Take urgent action to combat climate change and its impacts by regulating emissions and promoting developments in renewable energy."
Started in 2015 - climate deal Paris Agreement – tool used for countries to meet the sustainable development goals UN states that tackling climate change will only be possible if all SDGs are met = climate action needed – SDGs plan Official “economic development and climate change are inextricably linked, particularly around poverty, gender equality, and energy” – Okay? Economic climate change and Gender equality just thrown in there The UN encourages the public sector to take initiative in this effort – Government policy 2018 - International Panel of Climate Change (IPCC) - UN body for assessing climate change published a special report "Global Warming of 1.5°C" - outlined the impacts of a 1.5°C temperature rise require global net human-caused emissions of carbon dioxide (CO2) to fall by about 45% by 2030 to 0% in 2050 Climate is the most misunderstood topic – listen to honest scientist – they say they don’t know what is happening – listen to UN – 1.5 degree so give all the energy regulation and money to them Changing CO2 in atmosphere and controlling the temperature is actually laughable - Why? Greenhouse effect – idea is more CO2 and then more energy flow and warm climate Greenhouse effect rose from 1980 to 1993 – flat from 1994 to 2015 – but the co2 has been going up – which is true – but illustrates that what we are told – co2 up greenhouse effect goes up doesn’t add up based around the science from all sources and not just one outlier – CO2 – do you think the most greenhouse gas in the climate is Co2? Answer - H2O -it is water vapour in all forms – ice, snow, water – vapour coming out of power plants is water vapor – like a cloud – what we can see – we cant see co2 – why does water come out of power? Power is produced by turbines – boiling water – evaporation of water Easy example – where is it hottest – humid areas – makes it feel hotter – Global energy balance diagrams – but in every element from absorbed sunlight, temperature, outgoing radiation, latent heat flux and potential energy flux – most important element is H20 – biggest impact on all – CO2 only relates to atmospheric composition – as it is a small part, one of thousands of elements – If you want to fully understand – put up a 1.5-hour lecture to explain how it works from independent institute Also – good scientists are happy when people critic their work – ‘how am I wrong’ – scientific question – but if you question the theories of climate scientists with the IPCC – they have ‘deniers’ removed from the conversation – If you are an engineer and designing a bridge – someone says it is off and will fall down – that is helpful – instead if they worked in the IPCC they would fire the person pointing out the design flaws So why CO2 used? Why? And Why silence the counter view and put the blame at CO2 – fits the mould of authoritarians All for Energy and resource control – helps as well to siphon trillions of dollars out of people into the UNs pockets as well – Control of money, control over our lives – Finances – Paris Agreement - Article 9 – Deals with the Finance Transfer – projects towards low greenhouse gas emissions and development P1- Developed countries shall provide financial resources to assist developing countries P3 - mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds The agreement builds on the financial commitments of the 2009 Copenhagen Accord, which aimed to scale up public and private climate finance for developing nations to $100 billion a year by 2020 The Copenhagen pact also created the Green Climate Fund to help mobilize finance using targeted public dollars. The Paris Agreement established the expectation for a higher annual goal by 2025 - put mechanisms in place to achieve that scaling up from $100bn. Green Climate Fund – Collects money (Country taxes) – Give it to accredited entitles – they spend on projects Entities – HSBC Holdings, Africa Finance Corp, European Central Bank, mainly gov or private banks Also - Energy is a big business – Lots of money – billions – not only does oil back the USD under the petro dollar system – makes a lot of money – OPEC nations – when managed well – countries boom – like Saudi – when centralised Government control comes in – goes poorly – Venezuela – took a very profitable oil companies – one of the largest in world – socialised it – started hiring people to work in Government run businesses – was run like a government - now complete shadow and can’t even keep up with domestic demands let alone a major exporter Lessons are that not only does socialised companies often lead to worst services for the people – costs go up – And that resource rich countries shouldn’t destroy their golden goose – which Brings to the next point -SDG 7 - Affordable and Clean Energy -
"Ensure access to affordable, reliable, sustainable and modern energy for all”
involve improving energy efficiency and enhancing international cooperation to facilitate more open access to clean energy technology and more investment in clean energy infrastructure. Solutions provided – Continue developing Solar/Wind as the way forward, and tax CO2 emissions to price it out of competition - Australia Target – Emission reduction of 50% p.p. – May as well be a tax Main intention is to not just deal with heavy polluters (that is a policy that is working) This target is completely different - outcomes here is the target - 45% emission reduction target – not policy of how – but what - Gov demanding almost half the emissions go - going to cost a lot – indirect through taxes and pass on costs to make green energy more cost competitive independent modelling - impact of $9,000 a year for the average Australian worker, 360,000 jobs or more, assuming the carryover is used.There are so many first order consequences there – not even going to bother going beyond the second order Finance Transfer – Helps increase quality of life of 3rd world nations – clean accessible energy, food, etc – Make it a paradise utopia – Their populations would explode (not birth rates but reduced death) – CO2 will go up What we have to work with? look at France up until 5 years ago - served as a model country One of the few developed countries in the world to decarbonise electricity production - while still providing a high standard of living – 58 reactors – but Gov policy to reduce to 50% by 2035 – as they increase solar at massive cost – How? Nuclear Energy – 75% of electricity and Hydro – 12% and coal/gas only 8%– worlds largest net exporter of electricity – 3bn euros gained - why spend money to undo this? Worse power and more expensive – increases gov spending and helps solar buddies Currently their electricity pricing is largely tax – the policies that this agreement is built around – while cost is 25ckwh – 10tax (40%) but Petrol is worse –Yellow Vests Still protesting 46 weeks in – last time mentioned was in 20th week But now police are joining in – not long until the thing boils over SA costs 47c KWH, rest of Aus between 35-45KWH – and only GST is a tax on ours currently Already rising inflation in developing countries – mainly USD expansion of money supply – so debt grows Massive loans from IMF provided – in SDRs (basked of currency) – but Who pays it back? Often not a gift loan – debt to be paid but in other currencies. China in island nations and Africa – what happens to your house if you cant pay your mortgage? As of 2017, only 57 percent of the global population relies primarily on clean fuels and technology, falling short of the 95 percent target – which is where infrastructure comes into it -but for solar and to decommission coal power Want to increase clean fuels – which is also Natural fuel (such as compressed natural gas or liquified petroleum gas,) or a blend (such as gasohol) used as a substitute for fossil fuels - produces less pollution than the alternatives. Aus is a massive natural gas reserve – why not start producing more of that? Why are so few houses run on gas when it could be very cheap and available compare to currently? Solution shouldn’t be to put financial strain on the population (tax and removal of cheaper energy sources), Simple solution – Divert all the funding to Thorium reactor technology and roll those out We need more energy for the future- solar cant keep up – even spending billions wont help Thorium is a radioactive element that can be used in a new generation of nuclear reactors as an alternative source of fuel for the generation of electricity - Safer than conventional uranium-based reactors – still a degree of risk – you can get burnt – if you watched Galen Windsor – see him holding radioactive materials and only issue was burning his hand if he were to hold it too long – but no contamination Thorium is abundant in Australia 18% of world supply Environmentalism in the name of climate change is stopping this - environmental concerns in the mining, handling and storage of radioactive materials
Don’t be fooled by statements of good intentions -
The UN wants further control over all resources – providing more regulations over the oceans and land
SDG14 - Life Below Water and SDG15 - Life On Land – noble causes – but extreme conservationism – For the past 200 years there have always been saying the world is overpopulated – would starve after 3bn people – what happened? Technology got better – we adapted and innovated as people found better ways – no thanks to regulations Rather than humans spread out and have more agrarian existences – skewed to high density urbanised environments built on consumption Better solutions than extreme measures of giving away your choices and that of kids My kids will suffer consequences of Lima Dec – just as most of us have since 1975- Don’t be afraid of climate change, nuclear meltdowns – only thing is to not live in fear of some end of the world climate event – What is worse – solar storms – like in 1859 (Carrington Event) was a powerful geomagnetic storm solar coronal mass ejection (CME) hit Earth wrought havoc with telegraph systems A solar storm of this magnitude occurring today would cause widespread electrical disruptions, blackoutsand damage due to extended outages of the electrical grid – months if not years to get back – satellites, internet, running water, heating, starvation The solar storm of 2012 was of similar magnitude, but it passed Earth's orbit without striking the planet, missing by nine days Why do we hear instead about climate change? Can’t tax or control the sun
Brings an end to each individual SDG – next week will be a wrap up summary
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Resources:
https://www.zerohedge.com/health/what-would-you-eat-save-earth
