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Category: Pollution (Page 1 of 2)

How society loses touch with reality and is lead to tyranny

In this video After Skool and Academy of Ideas explore the most dangerous of all psychic epidemics, the mass psychosis.

A mass psychosis is an epidemic of madness and it occurs when a large portion of a society loses touch with reality and descends into delusions. Such a phenomenon is not a thing of fiction. Two examples of mass psychoses are the American and European witch hunts 16th and 17th centuries and the rise of totalitarianism in the 20th century.

What is it? How does is start? Are we experiencing one right now?

“Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.”

» Thomas Paine, The American Crisis

Video below ⤵️

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Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Jonathan Watts, Ashley Kirk, Niamh McIntyre, Pablo Gutiérrez and Niko Kommenda / The Guardian »

Countries that are slow to decarbonise will suffer but early movers will profit; the study finds that renewables and freed-up investment will more than make up for the losses to the global economy.

It highlights the risk of producing far more oil and gas than required for future demand, which is estimated to leave $11tn-$14tn (£8.1tn-£10.3tn) in so-called stranded assets – infrastructure, property and investments where the value has fallen so steeply they must be written off.

The lead author, Jean-Francois Mercure of the University of Exeter, said the shift to clean energy would benefit the world economy overall, but it would need to be handled carefully to prevent regional pockets of misery and possible global instability.

“In a worst-case scenario, people will keep investing in fossil fuels until suddenly the demand they expected does not materialise and they realise that what they own is worthless. Then we could see a financial crisis on the scale of 2008,” he said, warning oil capitals such as Houston could suffer the same fate as Detroit after the decline of the US car industry unless the transition is carefully managed.

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77 countries have pledged to phase out coal, the dirtiest of the fossil fuels that drive global warming

But China, India and the USA did not sign the agreement at the COP26 climate summit in Glasgow.

One nation alone, China, accounts for more than 40% of the world’s greenhouse gas emissions from burning coal. China is not joining the world in this commitment and instead promises to increase building coal fired power plants to meet soaring power demand.

To boost coal output, China has “revived old mines, hurried through permits for expansions and loosened some safety regulations. They’ve also stepped in on prices to ensure electricity generators are incentivized to fully use power plant capacity.” (Bloomberg)

China is also seeking to increase imports of foreign coal. China’s demand for the fossil fuel in the power and industrial sectors could break the country’s 2013 record for emissions from coal.

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Michael Bloomberg expanding campaign to close a quarter of the world’s coal plants by 2025

James Murray, BusinessGreen »

Billionaire media mogul Michael Bloomberg, who also serves as the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions, today told an audience at the COP26 Climate Summit in Glasgow that his Bloomberg Philanthropies foundation would launch a new effort to accelerate the closure of coal plants globally.

The campaign will support UN Secretary-General Antonio Guterres‘ long-standing calls for coal power to be phased out in OECD and the EU27 by 2030 and by 2040 everywhere else.

As such, the Bloomberg Philanthropies campaign has set a target to work to close a quarter of the world’s 2,445 remaining coal plants and all 519 proposed new coal plants by 2025, in a move that will dramatically expand its current efforts to support coal phase outs in seven countries and the EU. Specifically, the campaign will be extended to an additional 25 developing countries where coal power is projected to rapidly grow.

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