“Gretta, will give a rousing speech on the end of the world as we know it within 15 years.”
Is this another repositioning of the goal post? A few years ago we were supposed to have only 12 years. How many times has the goal post been moved, now? Any one see a pattern, yet?
“Transport day, with focus on cutting carbon from cars.”
Remove all the oil derivative plastic/rubber parts from all cars. What materials will they be replaced with?
“Youth and public empowerment day.”
Used to get mailings from the local utility comparing my electrical usage to other similar households. I was in the bottom 6-8% of usage.
What was preventing everyone else from empowering themselves to use less electricity? Nothing, that i can think of. So what do they need an empowerment day for, virtue signalling?
StukiMoi
2 years ago
At least Greta puts a proper child in childbrained….
If the rest of the rabble were her age; the lot of them would at least appear a bit cute, sitting there screeching about all the things other people should be forced to do on account of whatever teen fashion is the rage du jour.
StukiMoi
2 years ago
“Mobilize finance means payments to developing nations to meet their goals.”
Payments made with money stolen from productive people by debasement, of course. Under one childbrained scheme or another. Since an “industry” filled with nothing but rank idiots living off of debasement theft and nothing whatsoever but, is obviously such a necessary ingredient in solving real problems and all…..
QTPie
2 years ago
I don’t see much improvement on the climate front unfortunately until all the following happens:
Viable, cost-effective, multi-day, wide-scale energy storage technology is developed and commercialized.
China stops building coal power plants at a furious pace.
Africa figures out how to slow down the rate of their population growth, which far, far out-paces the rate of the rest of the world.
Six000mileyear
2 years ago
Be careful what you ask for. China can solve the carbon emissions problem by ceasing all manufacturing for exporting.
Call_Me
2 years ago
At these conferences do attendees trade pins (a la the olympics)? Are there s.w.a.g. bags? Do they all get neat t-shirts?
It’s more about those 25k people feeling good about themselves while enjoying a trip to a foreign land on someone else’s dime. Throw in some sound bites from political candidates (after all, any office-holder is perpetually campaigning) and some digital ‘ink’ spilled here and there while people publicize their own opinions and we’ll see you all back here for COP27!
tbergerson
2 years ago
Having read the comments, it is amazing how rational people accept the nonsense that is ESG and Warmism (yes it is a religious cult, with economic self-interest baked in).
The current crop of warmist claptrap is tantamount to murder. Raising the price of energy will cost people their lives. Millions of people. If forced on the larger non-compliers like China and India and the rest of Africa and Asia (and hey these fascists are all about FORCING things on people against their will these days), it will cost BILLIONS of lives. COP26 and ESG and pretty much all of the solutions to climate change are in effect murder. Mass murder. And if you believe the nonsense that it is an existential crisis for mankind, you are deluded. Or that there is a coming climate catastrophe. There IS a coming catastrophe but it has nothing to do with a warming planet.
tbergerson
2 years ago
The amount we should send to tinpot island dictators and ASEAN so their leaders can spend it on hookers, blow and mercedes? Zero. Net zero dollars sent to anyone to “help” them meet these farcical climate goals. That should be the real Net Zero goal.
You want to do something? Plant trees. Trillions of trees.
Webej
2 years ago
Xi Jinping will not signal China means business or if he does, it will be a lie.
In 2019, China made 80 percent of the world’s supply of solar panels.
China has the biggest increase in wind turbine generation
China has embarked on an ambitious nuclear power strategy in which many new technologies are being trialed
A Chinese person emits less than half as much CO² as does an American
Europe is battening down for a winter fuel crisis
There is enough gas in storage to get through the winter.
Only a winter colder by far than anything in recent memory and drop in import levels will change this.
People exposed to the spot price of the EU Council’s preferred energy market will hit in the pocket book.
All well and good, but at the same time China is the only nation which is still furiously expanding electricity production from coal, by far the most CO2-intensive way to make electrical power, while virtually all other nations have slowed down or reversed investment in new coal plants.
Greenmountain
2 years ago
Complcated. But why are the Feds in the flood insurance business. May be time for the private insurance market to take over. How many times do we repair flooded roads and houses before we realize – maybe this is no longer inhabitable.
You think there is some coast that can escape floods ? Come back here in 2030 or so and let’s see what’s remaining of coastal cities around the world compared to 2020.
ColoradoAccountant
2 years ago
Do we all agree that ESG will be a bust, and there is money to be made in the short-term by owning fossil fuels?
I view ESG as a part of investing reality, and one that has to be considered. The way ESG affects access to capital is a game changer. But ESG has to do with a social phenomenon, and it’s not driven by math.
The thing that is missed is……that in a rush to signal virtue, large endowments are throwing out the baby with the bathwater. Energy makes the modern world run. Renewables are woefully insufficient and likely to remain so for my lifetime and beyond, and FF energy assets are still extremely valuable and the largest part of the energy mix.
FF companies, meanwhile, are not run by dummies. They are pivoting to deal with a changing future. Temporarily, at least, they are becoming real cash cows. In the longer term, the line between FF companies and renewables is going to become more and more blurred. Energy will just be energy. If you make it, you can still sell it.
TheWindowCleaner
2 years ago
Cost is why climate chaange goals will not be met. That is precisely why we require a policy of a 50% discount/rebate at retail sale and an additional 50% discount/debt jubilee policy at the point of loan signing for all big ticket green consumer items like EVs and solar powered homes. Lets implement the wet dream of all libertarians and integrate beneficial price and asset DEFLATION into profit making economic systems. Think about it instead of reacting in an orthodox way.
Eddie_T
2 years ago
Sounds good for oil and gas.
It was mostly a red week for oil and gas stock and MLP prices as crude took a breather. But it should be pretty much done now, with higher prices still coming imho. I’m long 22 oil and gas companies and 2 renewables. Also holding 2 covered call income ETF’s and one carbon credit ETF. All but two pay some dividends or ROC distribution. Current dividend outlook is 5.85%.
I did the right thing to bail on my miner trades, but gold is in a triangle consolidation and apt to make a big move soon. It could be up or down….but I keep thinking that gold will find a bottom soon and that metals and miners will have their day. From a cycles trading perspective, we appear to have more than five years of likely upside in commodities just ahead.
“Triangle consolidation”? Is that a ‘golden triangle’, like a Fibonacci thing, like golden rectangle (1:1.618) ? I guess the ‘up or down’ thing has to do with whether the triangle points up or down.
My political, social, and economic fundamentals point to higher gold. Meanwhile, gold will continue to drift sideways/down until the next big crisis.
Every trader knows what a triangle consolidation is, and what it means.
thimk
2 years ago
Go for the low hanging fruit . Shutting down the worst 5 percent in USA would immediately wipe
out about 75 percent of the carbon emissions produced by electricity
generation. Number one polluter Poland . Only one china plant made top 10 list.
That statistic seems distorted/misleading because they refer to 5% of the number of plants but (as far as I can tell), it doesn’t seem they adjusted for the capacity of those plants. So it might be that it’s 5% of the total number of plants but that those plants generate say 20% of the total electricity (I don’t know what the actual number is).
Curious-Cat
2 years ago
More than half of taxis in Shanghai are electric vehicles. What cities in the US can make that claim,do you think?
Nothing will be done until the 0.1% feel their wealth threatened, or the 99.9% decide they will no longer tolerate the threat to the planet and their lives. The French, Russian and Chinese revolutions come to mind.
The 0.1% are in control. They run the green show. They start and own the companies making green. It used to be that long-leap innovation fired up the world economy. Green is NOT long-leap. It is government-imposed, conveyed by propaganda directed to people who do not think critically. Which is not to say the climate is changing–there are short term solar cycles (11 years) and intermediate term cycles (400 years)– and a cleaner planet with less waste it better than a dirty planet with waste.
What good is that if so much of the electricity in China is coming from coal power plants (including many new ones under or planned for construction).
ed_retired_actuary
2 years ago
Actual action will be far less than the goal, but substantially more than if there was no global consensus among leaders to at least go through the motions. Let’s be skeptical realists, but avoid the temptation of cheap cynicism.
I would say a little to moderate amount for most of these countries as leaders strive to look responsible and broad minded to their many citizens concerned about global warming, although as a result of continued attention, and perhaps a trivial amount from any individual summit. Certainly the $500B intended for clean energy that might get though congress could be a bit of yes for the US. Of course there could be more meaningful progress when/if technology makes the cost of renewables nearly competitive with fossil fuels across broad uses.
Right, because they don’t have 50% discount/rebate and 50% discount/debt jubilee policies. With them you can cut all manner of taxes and other costs and still have a profit making economic system.
Jojo
2 years ago
No one is really going to do much of anything to suppress global warming on any kind of scale that actually matters because it would cost too much, whether is real $$ or economic impact.
Just tongue wang until you get voted out of office.
Stay Informed
Subscribe to MishTalk
You will receive all messages from this feed and they will be delivered by email.
out about 75 percent of the carbon emissions produced by electricity
generation. Number one polluter Poland . Only one china plant made top 10 list.