Energy footprints grow with expenditure: the top 10% consume roughly 20 times more energy than the bottom 10%

A study published in Nature Energy shows that energy footprints grow with expenditure, and, as a consequence, are unequally distributed. Among all the countries and income classes in the study, the top 10% consume roughly 20 times more energy than the bottom 10%. Additionally, as income increases, people spend more of their money on energy-intensive goods, such as package holidays or …

World’s Richest 10% Emit up to 43% of the Carbon: Flying is most of it. Researchers say we need sufficiency not just efficiency + more attention to emissions from air and land transport, and to the fairness and equity of it all

The affluent citizens of the world are responsible for most environmental impacts and are central to any future prospect of retreating to safer environmental conditions. Any transition towards sustainability can only be effective if far-reaching lifestyle changes complement technological advancements. The wealthiest 0.54%, about 40 million people, are responsible for 14% of lifestyle-related greenhouse gas emissions, while the bottom 50% of …

Central value in ultimate cost of carbon is about $100,000 per ton

The Universal Cost of Carbon applies over a different timescale than how the social cost of carbon has been calculated. Assuming that the climate impacts from fossil carbon use will persist much longer than any economic infrastructure that we use fossil fuels today to build, the UCC can be seen as a first approximation of our culpability to future generations, …

Unequal Impact: The Deep Links Between Racism and Climate Change: Yampierre says understand the economics–then you know that climate change is the child of all that destruction (domination and slavery), of all of that extraction, of all of those decisions that were made and how those ended up

“You need to understand the economics. If you understand that, then you know that climate change is the child of all that destruction (domination and slavery), of all of that extraction, of all of those decisions that were made and how those ended up, not just in terms of our freedom and taking away freedom from black people, but hurting …

Big companies traded on the stock market took two-thirds of the money meant to bail out small businesses. Also 1 in 4 U.S. households are now underbanked or unbanked. We need a public option for basic banking services

It’s Time To Fix The Rusty Pipes Of Our Inequitable Financial System. The COVID-19 pandemic response has shown that the very foundations of our economy are shaky, fragile, and — for some of us — downright dangerous. We’re once again watching working people, especially working people of color, bear the brunt of the fallout. Meanwhile, big companies traded on the …

More than 1 in 3 rooftops in US are suitable for solar. By investing $450 billion in rooftop solar, the federal government could slash energy bills for Americans, cut air pollution, and create over 3.7 million jobs. The government could also get paid back.

John Farrell, ILSR, April 10, 2020 Congress should consider a huge opportunity to pay Americans that pays back: solar rooftops. Somewhat more than one in three home or business rooftops in America is suitable for solar: sunny with sufficient space to host a few panels. By investing $450 billion in rooftop solar, the federal government could slash energy bills for …

Government interventions should be predicated upon making the urgently required transition to a post-fossil fuel economy and society. Rescued or subsidized institutions (especially oil companies, airlines, and the banks that finance them) should be put under public control as part of an emergency climate transition plan

Lessons learned from 2008 In this case, any government interventions should be predicated upon making the urgently required transition to a post-fossil fuel economy and society. Rescued or subsidized institutions (especially oil companies, airlines, and the banks that finance them) should be put under public control as part of an emergency climate transition plan. Once in public control, these institutions …