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 …

U.S. Coal Use Is Plunging at Fastest Rate Since Eisenhower Era

By Will Wade March 5, 2020, Bloomberg  Consumption dropped 13% last year, set to fall as much in 2020  Utilities are increasingly shifting to renewables, natural gas U.S. coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That’s poised to happen again this year. Total consumption slumped to 596 …

Candidates Debate Climate in Sixth Democratic Debate, The Short Word on Nuclear

By Olivia Rosane Dec. 20, 2019, POLITICS The climate crisis had its strongest showing to date in the sixth Democratic primary debate hosted by Politico and PBS in Los Angeles Thursday. For the first time, a climate question was asked during the first 30 minutes of the debate, HuffPost reported. The issue got 13 minutes total of discussion time, according to Grist, and those …

Problems with Western approach to climate change action, loss and compensation

By Vijay Prashad, Globetrotter, a project of the Independent Media Institute.December 6, 2019 | EDUCATE! In Madrid, Spain, the 2019 UN Climate Change Conference—known as COP25—began on December 2. Representatives of the world’s countries gathered to discuss what is decidedly a serious problem for the planet; no one, except dangerous political forces in the neofascist right, denies the reality of climate change. What prevents …

Financing Freedom from Fossil Fuels: Retiring the entire US coal fleet today would cost $35–40 billion –less than one year’s worth of fuel cost to run America’s coal and gas plants. The critical importance of public banks is a common theme.

Utilities can refinance or seek partial debt relief, passing on as much as $6 billion in cost savings every year to customers when they retire coal plants. Using some of those savings for transition assistance and repurposing land and infrastructure can provide new jobs and economic opportunities for coal communities. Better yet, recycling saved capital into clean energy that is …

Renewable electricity from solar and wind costs less than electricity from gas and coal, and can be implemented everywhere at huge scale, giving rise to a trillion-dollar energy windfall

A sampling of stories from just the past week: Renewable electricity from solar and wind costs less than electricity from gas and coal, and can be implemented everywhere at huge scale, giving rise to a trillion-dollar energy windfall, according to Inevitable Policy Response, a project of the U.N. Principles for Responsible Investing that aims “to prepare investors for the associated portfolio risks.” Transforming …

A US green investment bank for all: Democratized finance for a just transition

The Next System Project proposes the creation of a democratized US Green Investment Bank (GIB) https://thenextsystem.org/green-investment-bank Thomas Marois and Ali Rıza Güngen, more September 20, 2019 MONEY & BANKINGENVIRONMENT & ENERGY In ways unimaginable just a few years ago, public banking and its potential for catalyzing a transition to a green and just future have been catapulted to the center of political and …

Denver’s 2020 budget will fund just five miles of new sidewalks out of more than 2,000 miles that are missing or sub-standard

Streetsblog Denver, Sept 2019 The Denver Streets Partnership told members of the council that mobility funding within Hancock’s $1.49 billion proposed budget is so paltry that it would take 400 years to build out a complete sidewalk network.  “Mayor Hancock’s proposed 2020 budget will fund just five miles of new sidewalks out of more than 2,000 miles that are missing …