The Climate Institute’s Global Climate Leadership Review 2012 positions Australian climate policy in a global context. It aims to elaborate on the implications of global climate diplomacy and domestic actions for Australia.
The overarching theme of this flagship project is leadership. The Global Climate Leadership Review identifies which nations are currently leading the low carbon economy, who is leading the international negotiations and provides an annual case study of where Australia can show leadership.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Read more..
The Climate Institute’s Global Climate Leadership Review 2012 positions Australian climate policy in a global context. It aims to elaborate on the implications of global climate diplomacy and domestic actions for Australia.
The overarching theme of this flagship project is leadership. The Global Climate Leadership Review identifies which nations are currently leading the low carbon economy, who is leading the international negotiations and provides an annual case study of where Australia can show leadership.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Read more..
The Oil and Gas Climate Initiative (OGCI) is a CEO-led organization currently made up of 10 oil and gas companies that want to contribute to climate change solutions.
This first report is intended to explain what OGCI is doing, and why, and to explore the role oil and gas companies can play to provide more energy with lower emissions.
A cockamamie report encouraging investors to divest from fossil fuels "before it's too late" to do so. The entire thrust of the argument is based on the incorrect theory that mankind is causing the earth to warm catastrophically. With reports this dumb from HSBC, you have to wonder why anyone does business with them!
New base 15 march 2021 energy news issue 1415 by khaled al awadi2-compressedKhaled Al Awadi
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
Negative side“Japan should initiate a Pan-PacificInternational Carbon Trading”
by IKENO Shuma
Japan should initiatea Pan-Pacific Carbon Tax
1. On the model, a carbon tax is superior to a carbon trading.
2. A carbon tax can be expected effective.
3. A carbon tax is familiar to many countries.
Background
Background
A model of a single Polluting Firm.B is government revenue.
A model withTwo Polluting Firm.The shadow square is government revenue.
Both a carbon tax and carbon cap-and-trade
will achieve the same level of increased efficiency by achieving the optimal abatement level at the minimum cost.
Japan’s debt against GDPis over 230%.Japan needs tax revenue.And, payment risk is high.
2. A carbon tax can be expected effective.
World carbon dioxide emissions by fossil fuelis 45.4% in 2005
Fossil Fuel Emissions of the world is increasing.
In Japan, coal-fired power generation is increasing.
Fossil fuels are a major cause of global warming.
↓
“China said this week that the country would implement new taxes designed to curb greenhouse gas emissions”
Japan introduced the petroleum coal tax in 2002 .
Japan should initiatea World-Wide Carbon Tax
1. On the model, a carbon tax is superior to a carbon trading.
2. A carbon tax can be expected effective.
3. A carbon tax is familiar to many countries.
At the big reunions of the UNCC, two groups stand against each other. On the one hand, there is the catch-up set of countries that have recently taken off economically and that will not accept a trade-off between economic development and environmental need of cutting emissions. On the other hand, there is the set of mature economies that grow sluggishly and have started to cut back on fossil fuels, especially coal. The first set of nations want the second set to pay for their gigantic energy transformation in a few decades – decarbonisation. The first set claimed that had not created the big problem originally, and that fairness requires that the rich help the poor. At the COP21 summit, a deal was struck, worth 100 billion dollars per year to fund a Stern (2007) like Super Fund. But will it really be put in place and made operational?
Politics is about the improvement of people's lives. It's about advancing the cause of peace and justice in our country and the world. Politics is about doing well for the people.
~ Paul David Wellstone
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
This presentation summarises The Climate Institute’s report, Global Climate Leadership Review 2013. It provides an overview of Australian climate policy in a global context, as well as elaborating on the implications of global climate diplomacy and domestic actions for Australia. For more information, visit http://www.climateinstitute.org.au/global-climate-leadership-review-2013.html.
Introduction to Environment & SustainabilityIsha Chaudhary
1.GOVERNMENT MINISTRIES, INSTITUTIONS AND ORGANIZATIONS
2.ARTICLES RELATED TO ENVIRONMENTS
3.GREEN BUILDING MATERIALS
4.GREEN BUILDING TECHNOLOGIES
5.FAMOUS ENVIRONMENTALISTS
The Oil and Gas Climate Initiative (OGCI) is a CEO-led organization currently made up of 10 oil and gas companies that want to contribute to climate change solutions.
This first report is intended to explain what OGCI is doing, and why, and to explore the role oil and gas companies can play to provide more energy with lower emissions.
A cockamamie report encouraging investors to divest from fossil fuels "before it's too late" to do so. The entire thrust of the argument is based on the incorrect theory that mankind is causing the earth to warm catastrophically. With reports this dumb from HSBC, you have to wonder why anyone does business with them!
New base 15 march 2021 energy news issue 1415 by khaled al awadi2-compressedKhaled Al Awadi
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
NewBase 15 March 2021 Energy News issue - 1415 by Khaled Al Awadi2.pdf
Negative side“Japan should initiate a Pan-PacificInternational Carbon Trading”
by IKENO Shuma
Japan should initiatea Pan-Pacific Carbon Tax
1. On the model, a carbon tax is superior to a carbon trading.
2. A carbon tax can be expected effective.
3. A carbon tax is familiar to many countries.
Background
Background
A model of a single Polluting Firm.B is government revenue.
A model withTwo Polluting Firm.The shadow square is government revenue.
Both a carbon tax and carbon cap-and-trade
will achieve the same level of increased efficiency by achieving the optimal abatement level at the minimum cost.
Japan’s debt against GDPis over 230%.Japan needs tax revenue.And, payment risk is high.
2. A carbon tax can be expected effective.
World carbon dioxide emissions by fossil fuelis 45.4% in 2005
Fossil Fuel Emissions of the world is increasing.
In Japan, coal-fired power generation is increasing.
Fossil fuels are a major cause of global warming.
↓
“China said this week that the country would implement new taxes designed to curb greenhouse gas emissions”
Japan introduced the petroleum coal tax in 2002 .
Japan should initiatea World-Wide Carbon Tax
1. On the model, a carbon tax is superior to a carbon trading.
2. A carbon tax can be expected effective.
3. A carbon tax is familiar to many countries.
At the big reunions of the UNCC, two groups stand against each other. On the one hand, there is the catch-up set of countries that have recently taken off economically and that will not accept a trade-off between economic development and environmental need of cutting emissions. On the other hand, there is the set of mature economies that grow sluggishly and have started to cut back on fossil fuels, especially coal. The first set of nations want the second set to pay for their gigantic energy transformation in a few decades – decarbonisation. The first set claimed that had not created the big problem originally, and that fairness requires that the rich help the poor. At the COP21 summit, a deal was struck, worth 100 billion dollars per year to fund a Stern (2007) like Super Fund. But will it really be put in place and made operational?
Politics is about the improvement of people's lives. It's about advancing the cause of peace and justice in our country and the world. Politics is about doing well for the people.
~ Paul David Wellstone
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
This presentation summarises The Climate Institute’s report, Global Climate Leadership Review 2013. It provides an overview of Australian climate policy in a global context, as well as elaborating on the implications of global climate diplomacy and domestic actions for Australia. For more information, visit http://www.climateinstitute.org.au/global-climate-leadership-review-2013.html.
Introduction to Environment & SustainabilityIsha Chaudhary
1.GOVERNMENT MINISTRIES, INSTITUTIONS AND ORGANIZATIONS
2.ARTICLES RELATED TO ENVIRONMENTS
3.GREEN BUILDING MATERIALS
4.GREEN BUILDING TECHNOLOGIES
5.FAMOUS ENVIRONMENTALISTS
This presentation explores how climate change alters the pursuit of economic development: the transformation of poor economies and their people into prosperous ones.
This is hardly the first attempt to reconcile the climate agenda with that of economic development. The United Nations’ Sustainable Development Goals are significant for defining a dual agenda where development targets for people and planet sit alongside each other in a unifying framework.1 Much commentary focuses on the compatibility of the two agendas. A radical and specious view pits progress on climate change and economic development as strict substitutes and calls for no less than the unravelling of economic development to save the planet.2 Cooler heads point instead to their complementarity: the critical role of economic development in supporting adaptation and the recognition that investments in the green transition will propel economies rather than sacrifice living standards.3
In contrast, this essay takes as its starting point that the goals and salience of economic development are immutable. The question posed here is how the quest for economic development changes in a world gripped by a changing climate. The essay argues that climate change will force three major changes: a reappraisal of the causes of and prospects for development, the rebirth of the economics of transition, and a reformulation of the problem development is trying to solve. In a final section, it asks what these changes could mean for international security and for the community of national and global actors who set policy and strategy in this field.
Progressive companies around the world are developing products and services that will revolutionise industries and deliver transformative change for society and our planet. These solutions are driving new business growth while significantly reducing emissions towards a low-carbon, sustainable future for all.
Accelerating and scaling up implementation across sectors and borders, however, will require a higher level of collaboration than we have ever seen before, between business, government, and NGOs. The Business for the Environment (B4E) COP17 Dialogue aims to facilitate this, bringing stakeholders together to forge new partnerships and take real action on climate change. Leading the way and powering ahead for a clean industrial revolution.
The legal and moral basis for the Carbon Majors, including Chevron, ExxonMobil, Shell, BP, Gazprom, to pay for the climate damage that their products have caused via a levy into the international loss and damage mechanism.
Implications of the global transition to non fossil energySampe Purba
the ability of transitional from fossil to non fossil energy is unique across the countries. Hence, sympathetic cooperation among states and consideration of the existing facilities should be taken in to account
There is increasing pressure on energy producers from climate risks. One key concept which is gaining prominence in lieu of the risks is “Carbon Bubble” and the related impact of divestment movement. As a part of the Paris climate agreement, 192 countries reaffirmed their commitment to reduce emissions and limiting the global temperature increase to less than 20C. Energy producing companies are under scrutiny from investors, shareholders, employees and customers and other related stakeholders to reduce carbon footprint and to demonstrate that their business are aligned to help build an efficient “Low Carbon Portfolio”. The goal is to channelize investments, assess climate risks and opportunities and mitigate future climate change trajectories, align it as key service for fossil fuel energy divestment, portfolio and asset management.
There is increasing pressure on energy producers from climate risks. One key concept which is gaining prominence in lieu of the risks is “Carbon Bubble” and the related impact of divestment movement. As a part of the Paris climate agreement, 192 countries reaffirmed their commitment to reduce emissions and limiting the global temperature increase to less than 20C. Energy producing companies are under scrutiny from investors, shareholders, employees and customers and other related stakeholders to reduce carbon footprint and to demonstrate that their business are aligned to help build an efficient “Low Carbon Portfolio”. The goal is to channelize investments, assess climate risks and opportunities and mitigate future climate change trajectories, align it as key service for fossil fuel energy divestment, portfolio and asset management.
We are living in an ageing world; people are living longer. We are living on an ageing planet; in a climate emergency. So how does the topic of longevity fit into the climate change agenda? What is the coherent policy response to the interface between climate change and an ageing society?
ILC-UK, in collaboration with the ILC Global Alliance and AAG are building a ‘Climate change in an ageing world’ initiative to be launched alongside the COP26 (November 2021).
This webinar provided an opportunity to feed into the scoping and planning of our initiative.
Please click 'download' to download the PDF.
The world can save an estimated US$550 billion on the cost of deploying clean energy technologies over the next decade, putting them on a path to cost competitiveness, if countries work together to accelerate innovation by unlocking global collaboration. This is one of the key findings in a new report, United Innovations: cost-competitive clean energy through global collaboration, published today by the Carbon Trust, with funding from the UK Foreign and Commonwealth Office Prosperity Fund.
Our NEW report out now: ‘The Paris Effect’ demonstrates that countries, companies and investors now have a once-in-a-generation opportunity to scale zero-carbon industries in the 2020s, creating prosperous growth, millions of jobs and more resilient economies.
Similar to Transformational ownership presentation (20)
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
Use of Raffias’ species (Raphia spp.) and its impact on socioeconomic charact...Open Access Research Paper
Raffias’ species are used in handcrafts, constructions, food processing etc. But in Benin, any quantitative ethnobotanical study was not evaluated for their use and socioeconomic impact of uses on average income. This study investigated the importance of use of raffias’ species and the impact of socioeconomic characteristics of informants on the household income. Ethnobotany quantitative approach was used and data on use, products prices and the quantity sold were collected using a semi-structured questionnaire administered during an interview. The result showed that raffias’ species in Benin are used principally for craft (CI = 1.41 for R. hookeri and 1.68 for R. sudanica), but R. hookeri was most important for people in Guinean zone than those in soudanian and soudano-guinean zones. The frequently uses were the beds, mats, baskets and roofs. The most part of the plant used is the rachis for both species and the less used is the nut. Education level, gender and main activities were socioeconomic variable which influenced the annual income from exploitation of raffias species. The uneducated, men and farmers took more income from raffias’ species than others. Also, the development level of areas where the species are found, influence the income from their exploitations. To evaluate better the contribution of raffias’ species to regional and national gross product, it will be necessary to study the value chain of the main products, but also take into account the informant categories defined in this study regarding operators.
Genetic diversity and association analysis for different morphological traits...Open Access Research Paper
Capsicum annuum L. is the extensively cultivated species of peppers (chilies) in all over the world. Its fruits are used for spiciness (capsaicin) and color (capsanthin) in our daily foods. Pakistan is the leading chili consuming country. Genetic divergence among 25 accessions (local and exotic) collected from Ayub Agriculture Research Institute (AARI) Faisalabad, Pakistanwas estimated from the data collected during the year 2014 in the Department of Plant Breeding and Genetics, University of Agriculture Faisalabad, Pakistan for different morphological and growth parameters viz fruit width, fruit length, peduncle length, number of primary branches, inter nodal length, plant height, seed index, 1000 seed weight, fresh and dry fruit weight, pericarp thickness, leaf area and seeds per fruit. Based on this characterization the plants were grouped into 5 clusters and diversity among accessions was indicated by the wide range of D2 values whereas phenotypic correlation for all the characters was found significant. Five components were selected as principle components with Eigen values > 1. These components exhibited 77.2% of the variation. The first principal component (PC I) explained 27.2% of total variation in original data, second component (PC II) explained 18.9%, and third principal component (PC III) explained 12.5% of variation. The other principal components (PC IV and PC V explained an additional 18.6% of the variation (a total 77.2% of explained variation. Accessions with distinct identity were marked, which are likely to be quite suitable for breeding through hybridization by combining desirable traits. High estimates of broad sense heritability (90%) for all the characters except peduncle length predicted that selection could be awarding in late segregating generations and above accessions could be utilized in hybridization programme for C. annuum crop improvement.
@@how to Join @occult for money ritual..☎️+2349022657119.RoyaleEaglepriest
Dues are only a small part of what it takes to show us you are committed. If we are to share in the Brotherhood’s honors and rewards, we must each have a stake. You will find the amount to be much less than what many private clubs charge but the benefits gained are much greater. You can benefit physically, spiritually, mentally and materially. Members can progress more in 30 days in the Brotherhood than they would in 10 years elsewhere How long will it take for me to become rich and powerful? royal eagles Brotherhood is about more than just wealth and power, as anyone who observes the often tragic lives of the rich and famous can attest to. Without true wisdom and inner power, the outer trappings of success are all in vain, for spirit is ascendant over matter. That which is eternal is of far greater value than that which turns to dust. royal eagles Brotherhood’s teachings are not aimed merely towards self-aggrandizement but for the greater happiness of the Member and so that they, in turn, may bless and help others upon the path of life.
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
Diabetes is a rapidly and serious health problem in Pakistan. This chronic condition is associated with serious long-term complications, including higher risk of heart disease and stroke. Aggressive treatment of hypertension and hyperlipideamia can result in a substantial reduction in cardiovascular events in patients with diabetes 1. Consequently pharmacist-led diabetes cardiovascular risk (DCVR) clinics have been established in both primary and secondary care sites in NHS Lothian during the past five years. An audit of the pharmaceutical care delivery at the clinics was conducted in order to evaluate practice and to standardize the pharmacists’ documentation of outcomes. Pharmaceutical care issues (PCI) and patient details were collected both prospectively and retrospectively from three DCVR clinics. The PCI`s were categorized according to a triangularised system consisting of multiple categories. These were ‘checks’, ‘changes’ (‘change in drug therapy process’ and ‘change in drug therapy’), ‘drug therapy problems’ and ‘quality assurance descriptors’ (‘timer perspective’ and ‘degree of change’). A verified medication assessment tool (MAT) for patients with chronic cardiovascular disease was applied to the patients from one of the clinics. The tool was used to quantify PCI`s and pharmacist actions that were centered on implementing or enforcing clinical guideline standards. A database was developed to be used as an assessment tool and to standardize the documentation of achievement of outcomes. Feedback on the audit of the pharmaceutical care delivery and the database was received from the DCVR clinic pharmacist at a focus group meeting.
Environmental Impact Assessment (EIA) in Nepal.pptx
Transformational ownership presentation
1. WHO'S LOOKING
AFTER THE BIG
PICTURE?
Fossil fuels need stewardship
info@rethinkingchoices.com
2. Since Kyoto our energy use per
capita has increased by 18.6%
from 63.6 Gigajoules to 75.4
gigajoules per capita to 2019. At the
same time, our fossil fuel share only
dropped by 3% from 86.2% to
83.2%. With 2 billion more people
since 1997, even with renewables
increasing by 1,350% we have in
every way become more
dependent on fossil fuels.
With over 83% of our energy
coming from fossil fuels, and
using 100 million barrels of oil per
day, cutting fossil fuels by 1%
means taking away the entire
energy consumption of Malaysia for
a year.
Continuing fossil fuel use is increasing
our atmospheric CO2.
As 2021 and 2022 is showing us,
impacts from storms and changing
weather are affecting our
economic resilience, impacting our
government fiscal situation,
household budgets, insurance
capacity, supply chains and
economic output.
WE ARE ALL DOING WHAT WE CAN
BUT WE ARE STILL FACING A TICKING TIME BOMB
# We need a way to limit fossil fuel use
without hurting people
info@rethinkingchoices.com
3. # Governments face the same conflicts as everyone else;
they do not have magic bullets
Governments face pressures from all sides. They cannot ban fossil fuel use
because we are totally dependent on them, and their own budgets to support the
energy transition still relies on a fossil fuel enabled economy.
info@rethinkingchoices.com
Increasingly, electorates and businesses on all sides are finger
pointing at governments to relieve them of their own responsibilities,
calling for action to support their different fragmented interests.
With people lacking patience and with
no willingness to accept any imposed
costs themselves, and with all
governments facing deteriorating
finances globally, coordinated
political action on fossil fuels is
virtually impossible.
Climate events are increasingly threatening the stability of
the developed world's economic system as insurance and
emergency response costs break new highs and risk
becoming unaffordable.
4. Businesses have made big
strides in acknowledging and
accepting their roles in fighting
climate change.
However, even with the carbon
intensity of each business
reducing over the pasts years,
their aggregate emissions
have still increased as
activities increased and
moved from region to region.
Carbon pricing is three times
cheaper in California at than in
Europe. This creates
opportunities for three times the
emission to be bought for same
amount of money and prompts
innovations to focus on
exploiting the difference.
Controlling fossil fuel supply
drives innovations uniformly
to finding alternatives.
If we use too much fossil fuels,
whether we get to net-zero or not,
we will still go beyond 2° warming.
To prevent going beyond 2° by 2050, we
need to reduce CO2 emission by 1.4
billion tonnes a year, every year.
In 2020, the Covid pandemic brought
global lockdowns and travelling bans.
This reduced CO2 emission by 1.9 billion
tonnes. As a comparison, the 1.4 billion
tonnes reduction we need is like asking
for a 9-months lockdown every year to
2050.
The risk is without explicit
restriction on fossil fuel supply we
simply breach the carbon budget.
# It's about protecting the carbon budget
Source: Met office
COP 26 Science Pavillion,
Global carbon budget
info@rethinkingchoices.com
Tradingview.com
5. # Whoever controls fossil fuel production will
control our future
We use 580 Exajoules of energy
globally a year, enough for 2 billion
Saturn V rocket trips to the moon*.
In 2020, we used 557 exajoules of energy globally with 83% of this
provided by fossil fuels. Total CO2 emission was 37.4 Gt of CO2 with 93%
from fossil fuels. Fossil fuels further contribute directly to significant
methane emissions and indirectly to emissions from other sources.
Even in a lockdown year, fossil fuels dominated our energy and
emissions. 2021 sees us back at peak levels: CO2 emissions are
estimated at 39 Gt of CO2 and energy use at 580 exajoules.
With this much energy provided by fossil fuels, reducing CO2
emissions by 1 Gt means taking offline 13.5 exajoules of energy –
the amount of energy Germany uses for a whole year.
We need to repeat this reduction year after year for the next 39
years, and we will still have breached the carbon budget for the
1.5° target and will be closer to 2° of warming.
All this is BEFORE considering the additional energy we will need to build
the new infrastructure for net-zero.
83% OF OUR ENERGY COMES FROM FOSSIL FUELS
Annual energy use by country
WHOEVER CONTROLS FOSSIL FUEL PRODUCTION
WILL CONTROL OUR FUTURE
FINANCIAL OWNERS WILL ALWAYS PLACE MONEY AHEAD
OF PREVENTING THE NEXT ENVIRONMENTAL DISASTER
Even when laws are in place,
when the final owners go
bankrupt the failures of
decommissioning fall back on
the environment and the tax
payer.
Major oil companies are increasingly
responding to public pressure by
selling off fossil fuel assets to
financially motivated investors.
Shell's oil divestments in 2021
It does not matter who owns
fossil fuel asset, their end of life
will still need looking after.
info@rethinkingchoices.com
*www.quora.com/How-much-fuel-does-it-take-to-travel-to-the-moon
6. # Transformational Ownership transforms fossil fuels
ownership into stewardship
Do your part. Please email us at thebigpicture@rethinkingchoices.com
7. HOW
DOES IT
WORK?
Transformational Ownership takes over fossil
fuel producing companies and commits them
to reduce production at a pace guided
independently by science and economics. It
distributes the dividends from the companies
to support local projects nominated by
people throughout the world.
A ROLE FOR ASSET
MANAGERS
Science through the IPCC and other independent organisations
provide guidance on the safe range for reduction to protect
people and the environment.
A ROLE FOR
BUSINESSES
People are the Transformational Owners. They are the ultimate
beneficiaries through the projects they nominate and can vote
on the level of reduction within ranges guided by science.
A ROLE FOR THE
FOSSIL FUEL
INDUSTRY
Transformed companies are ethical stewards; managements are
free to continue their business plans in all respects subject to
the reduction in production, providing energy essential to our
decarbonisation, to keep us alive, and generate profits to
support people. In 2021, dividends from the major oil producers
totalled $110 billion.
A ROLE FOR SCIENCE
Asset managers call on businesses to contribute directly to the
Transformational Ownership Fund out of money that would
otherwise be paid as dividends. In 2021, dividends from the
MSCI ACWI companies totalled $1.22 trillion. The market cap of
the major fossil fuel companies is about $2.2 trillion. This
provides sufficient money to bring about a qualified majority
vote to change the memoranda to commit to fossil fuel
reduction. In 2021, if carried out in full, this is a one-off give-up
of 1.74% in dividend yield out of a 19% index total return.
A ROLE FOR PEOPLE
Businesses contributing to this will be publically acknowledged
and praised as accepting the need not just for their own
individual transitions but in ensuring the total fossil fuel usage
does not expand. Supporting this is the clearest and
unequivocal response to accusations of greenwashing.
Recognising the real physical constraint to our planet is the
best way to promote lasting business innovations.
A ROLE FOR
GOVERMENTS AND
REGULATORS
Governments can now sanction fossil fuel producers which do
not comply. This can provide them with revenues and help to
promote behaviour change and address energy demand.
Regulators and businesses can coordinate through reporting to
determine and allocate energy in the most beneficial way.
# Controlling fossil fuel production protects the
carbon budget and strengthens existing efforts for
systemwide change
Do your part. Please email us at thebigpicture@rethinkingchoices.com
8. ABOUT US
Dr David Ko worked for three decades in the investment
industry. He joined LTCM at its inception leaving a
lectureship in physics at Oxford University. Dubbed the
“Dream Team”, the hedge fund dominated the investment
industry with huge returns before taking the world to
financial Armageddon. He was a partner of the ensuing JWM
Partners fund which grew ten times in size before he left in
2007 side-stepping the Great Financial Crisis to return later
to start a macro and liquidity fund under the Janus
Henderson umbrella. He later moved into the equity space to
head research at Horizon Asset LLP.
Richard Busellato is a senior investment manager with
three decades of experience taking investment risks in
hedge funds and financial institutions. He joined Sweden’s
oldest merchant bank in 1990 as a market maker after
university, moving to manage JPBank’s whole balance
sheet, progressing to proprietary trading for Tokai Bank,
before moving to the hedge fund world as a portfolio
manager with Moore Capital. He was a Director at Bank of
America during the Great Financial Crisis in charge of
managing substantial investments and later partner of
LindenGrove Capital with strategies taking advantage of
central banks’ ultra-low rate policies. He joined Horizon
Asset Ltd in 2017 as a special advisor to develop the
business.
Rethinking Choices is a sustainability advocacy co-founded by
David and Richard to provide services to businesses and
communities to face the significant challenges ahead. Coming
from an investment background and having navigated through
numerous financial and real-world crises, they share
fundamentally a risk management approach.
Climate risks cannot be hedged, nor can they be divested or diversified away.
Transformational Ownership is their project to ensure the source of our
climate problems is addressed, using a capital market approach that clarifies
the moral and ethical dilemmas and strengthens our existing climate efforts.
Their Thinking Tools for the Great Warming provides guidance for executives
and businesses on how to rethink your business in the context of "unknown
unknown" risks; their Umbrella for Unscalable Things is a venture to reduce
economic hurdles for people allowing everyone to contribute.
Their book, The Unsustainable Truth, emphasises how investments with too
much money inevitably corrupt our intentions and lead to unsustainable
practices; good comes not from what we do, but from what we don't.
info@rethinkingchoices.com