environment

Have I got a deal for you: Invest as little as $25, or as much as you want, in clean-energy projects. Earn a princely 6.38 percent interest annually for the next five years. Make the world a better place.

So claims an article in today’s Sunday Times (you are only going to be able to read this if you have a subscription).

The chart below and the claim are taken from a 120 page report “Demographic change and the environment”.

To start with the basics: I don't expect this week's United Nations Climate Change Summit, a.k.a. COP15, to produce much from the perspective of global political change. I'm guessing, cynically perhaps, that the two-week event will yield more posturing and pageantry than productive policies.

McDonald's is going to change its logo in Germany, casting its iconographic golden arches against a green background to envoke its respect for the environment. I can't decide if the idea is irrelevant or insane. Or both.

Our world these days seems to be a succession of forks in the road, points at which decisions need to be made about which pathway we collectively must take. In nearly every case, there's an unsustainable "business as usual" scenario (often shortened, unappealingly, to BAU) along with one or more alternatives.

In the first part of this post I identified 10 features of cap and trade, the favored climate policy of many policy elites at this point in time, that make the policy ineffectual. I outlined how cap and trade was sold to America and the world based on faulty assumptions as well as its superficial political appeal to the then Clinton Administration.