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Re: BOREALIS post# 456469

Sunday, 12/10/2023 6:41:17 PM

Sunday, December 10, 2023 6:41:17 PM

Post# of 574978
That's at some good news .. "A leaked OPEC letter shows the oil cartel’s worry over the COP28 climate talks, environmentalists say"

Boo for Lula, yay for Petro:

"The increased exploration, which eventually leads to more production, threatens to cancel out or even surpass gains from Brazil’s efforts to stop net deforestation by 2030, according to the Greenhouse Gas Emission Estimation System, an initiative by the Climate Observatory, a network of environmental nonprofit groups.

“The damage (of the exploration) goes against any positioning of Brazil as a climate leader,” said David Tsai, projects coordinator at the Institute for Energy and the Environment, which is part of Climate Observatory.

While Lula fumbled during the few days he spent at COP28, his Colombian counterpart, leftist Gustavo Petro, seemed to be taking the mantle of environmental leadership in Latin America. In contrast to Brazil’s alignment with OPEC, Petro joined an alliance of nations supporting a fossil fuel non-proliferation treaty. “This is not economic suicide,” he said in Dubai. “It’s about preventing humanity’s self-destruction.”
"
The first More article .. https://apnews.com/article/climate-changecop28petrobrasopec-ee884f650425ce918e5d8cd7fe96af3f .. in yours.

Mary Robinson is a real plus, "Former Ireland President Mary Robinson said, “They’re scared. I think they’re worried.”".

One of the real negatives looks like is

"“The development of our countries depends, in fact, on the use of fossil fuels,” said Niger’s Issifi Boureima, who’s executive secretary of the Sahel Region Climate Commission. “It’s not easy for countries like ours to accept a text that agrees to end fossils fuels today. It’s not easy, because what do we do after that?”
P - “I think that in the dynamic of multilateral diplomacy, we need to avoid egoism, egoism of the north towards the south.”
"

Issifi Boureima. No one is saying the end of fossil fuel use should end "today." While there is some merit in his north-south comment his use of those talking points is not impressive.

Seems to this relative ignoramus, of absolute detail and ramification, no country today should be saying no to something akin to:

"First, auction off the permits to bring fossil carbon into the economy. Don’t give them away, as often is done in “cap-and-trade” systems. For fossil fuel suppliers, the permit price becomes part of the cost of doing business. It’s passed on to final consumers in the prices of goods and services in proportion to the amount of fossil carbon used in their production and distribution.

Second, return most or all of the money from the permit sales straight back to the people as equal dividends to everyone in the country. Low-income households, who consume less than average amounts of carbon for the simple reason that they don’t have much purchasing power, get back more than they pay in higher prices. Wealthy households pay more than they get back. The middle class more or less breaks even, but most of them come out ahead, too, because the dividends are pulled up by the outsized carbon footprints of the rich. So the majority of the people benefit from this policy in straight pocketbook terms, not even counting the benefits of a more stable climate and cleaner air. This is not a pipe dream. Canada already has a carbon dividend policy; they call it the Climate Action Incentive payment .. https://www.canada.ca/en/department-finance/news/2022/11/climate-action-incentive-payment-amounts-for-2023-24.html . The Canadian system did not materialize overnight; it was the product of grassroots activism .. https://canada.citizensclimatelobby.org/about-ccl/ , careful preparation ..
.. and committed political leadership .. https://www.bloomberg.com/news/articles/2023-07-13/how-canada-figured-out-a-carbon-tax-and-gave-the-money-back?leadSource=uverify%20wall . In the U.S., Sen. Chris Van Hollen (D-Maryland) has introduced landmark legislation .. https://www.govtrack.us/congress/bills/117/s5338/text .. that would place a hard limit on carbon emissions and rebate the money from permit auctions as dividends, coupled with an environmental justice guarantee that mandates cuts in air pollution in overburdened communities."

that proposal made by one

"...leading environmental economist James K. Boyce .. https://www.jameskboyce.com/ .. discusses the main roadblocks to climate action facing COP28 and argues for the need to introduce global carbon pricing as an essential policy towards decarbonization. Boyce is emeritus professor of economics and senior fellow at the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. He is the author of numerous books, including The Political Economy of the Environment (1972), Economics for People and the Planet: Inequality in the Era of Climate Change (2019) and The Case for Carbon Dividends .. https://www.jameskboyce.com/the-case-for-carbon-dividends (2019). "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173397148

who knows a hell of a lot more than i will ever know. Would appreciate seeing an expert critique in opposition to that of James K Boyce's.

This worth seeing again


It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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