Green Jobs

The pursuit of so-called “green jobs”-employment that contributes to protecting the environment and reducing humanity’s carbon footprint-will be a key economic driver of the 21st century. “Climate-proofing” the global economy will involve large-scale investments in new technologies, equipment, buildings, and infrastructure, which will provide a major stimulus for much-needed new employment and an opportunity for retaining and transforming existing jobs.

The number of green jobs is on the rise. The renewable energy sector has seen rapid expansion in recent years, with current employment in renewables and supplier industries estimated at a conservative 2.3 million worldwide. The wind power industry employs some 300,000 people, the solar photovoltaics (PV) sector an estimated 170,000, and the solar thermal industry more than 600,000.More than 1 million jobs are found in the biofuels industry growing and processing a variety of feedstocks into ethanol and biodiesel.

http://www.worldwatch.org/node/5925

Socialism and Income Re/Distribution

I find it interesting that the Republicans are bantering around the “s” word with respect to Mr. Obama’s tax platform…referring to it as income redistribution. Look at the following graph….then let’s discuss income redistribution!

If you want to see tax-based income redistribution, I suggest you look at the Bush Administration tax policy over the past eight years.

I’d also throw in the recent bailout package and Treasury measures.

It appears socialism is good with the Republicans if it benefits the wealthy…but bad if it benefits a broad base of American households.

From Teddy Roosevelt (by way of Phipps):

We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community. … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.

Criticizing Market-Based Conservation

At IUCN World Conservation Congress in Barcelona, Global Forest Coalition managing coordinator Simone Lovera said: “The report provides a number of fascinating real-life stories on how these mechanisms work out at the community-level. It forms an important addition to the increasing number of studies that focus on the potential benefits of these mechanisms for local communities and the rules and standards that are needed to generate these benefits. As the case studies describe, such rules and standards seldom exist, and even where they exist, they are not well-implemented as market mechanisms make it attractive for powerful actors to circumvent them. The costs of these mechanisms, also in terms of undermining community governance, seem to outweigh the benefits in real-life situations.”

It appears that international market-based conservation has some of the same problems that international banking has had over the past few years. I have read two articles…here is one with a link to the study released at the IUCN meeting in Spain.

http://towardfreedom.com/home/content/view/1431/1/

Environmental Markets

There are a number of lessons to be learned from our current financial hurricane.

1) Yesterday I had a very thoughtful recent Princeton graduate ask for comments on his analysis of carbon markets, carbon tax, and the potential of water markets. His analysis was insightful and smart. I only had one concern and I related it to him as follows:

One personal comment on your thought process….you logically try to consider the impact of speculation and market manipulation on the conceptual analysis. Unfortunately, speculation and manipulative market practices inherently lead to irrational and illogical decisions that degrade any economic logic (as evidenced by our current banking crisis). Therefore, speculation and manipulative market practices are bad for economies and markets (…given all the speculation and manipulation we currently accept as common market practice, it creates an analytic headache).

2) I know I’ve said this before….but….if we can successfully measure environmental assets and services, then we can create markets/exchanges that build resilient wealth. Logical and responsible measurement, and timely monitoring/auditing, is key… (Who could possibly want to sort out the measurement black hole that exists with current mortgage securities?).

3) We need to attract environmental “investors”….folks that trust and respect our new markets and assets…and want to see their investment grow over the medium to long term. In order to do that, we need to construct very transparent securities, credits, etc. with strong scientific underpinnings.

4) Markets need to develop from local community needs. The more responsive environmental markets can be to local economic, political, and conservation needs, the more sustainable they will be. Creating big abstract systems without local oversight (think mortgage brokering over the past 10 years) the more risky the assets.

5) Governments manufacture money…businesses do not. One of the goodnesses of business is that bad practices create failures. Our government is currently lending and investing using debt…we increased the national debt to do the bailout. One of the best assets to rescue the financial debt of the U.S. government is a well-managed environment. Numerous economic studies show the value of our environmental assets are very large, and responsible enhancement of our ecosystem services…in a market environment…will go a long way toward restoring confidence in our country’s financial health.

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Valerian and the City of a Thousand Planets (2017) HD [1080p]

Director : Luc Besson
Release : July 20, 2017
Production Company : EuropaCorp
Language : en
Runtime : 137 min.
Genre : Action, Science Fiction, Adventure.

Plot
‘Valerian and the City of a Thousand Planets’ is great movie tell story about In the 28th century, Valerian and Laureline are special operatives charged with keeping order throughout the human territories. On assignment from the Minister of Defense, the two undertake a mission to Alpha, an ever-expanding metropolis where species from across the universe have converged over centuries to share knowledge, intelligence, and cultures. At the center of Alpha is a mysterious dark force which threatens the peaceful existence of the City of a Thousand Planets, and Valerian and Laureline must race to identify the menace and safeguard not just Alpha, but the future of the universe. This movie have genre Action, Science Fiction, Adventure and have 137 minutes runtime.

Cast
Dane DeHaan as Valerian, Cara Delevingne as Laureline, Ethan Hawke as Jolly the Pimp, Herbie Hancock as Defence Minister, Rihanna as Bubble, Clive Owen as Commander Arün Filitt.

Production
The Director of this movie is Luc Besson. The movie Valerian and the City of a Thousand Planets is produced by EuropaCorp and released in July 20, 2017.

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Grain Farmers

I just read John Phipps most recent blog about farm finances, fertilizer prices, etc. (http://johnwphipps.blogspot.com/) and realized it sounds a lot like someone trying to explain our recent banking industry. John’s a smart guy who I respect…so I’m worried.

First, it was confusing….lots of stuff that sounded like speculation and manipulation. Second, it was complicated….not complex or intelligently sophisticated, just complicated. Third, it was about repeatedly growing the same crop on the same land….and all the ‘inputs’ necessary to reuse the soil every year for the same crop or a very similar rotation crop.

The grain farming community is worried…and dependent on all those costly inputs.

Nature’s Loss and Wall Street’s Loss

The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.

It puts the annual cost of forest loss at between $2 trillion and $5 trillion.

The figure comes from adding the value of the various services that forests perform, such as providing clean water and absorbing carbon dioxide.

The study, headed by a Deutsche Bank economist, parallels the Stern Review into the economics of climate change.

For the entire BBC article:

http://news.bbc.co.uk/2/hi/science/nature/7662565.stm