Optimistic in spite of reality
Posted January 21, 2019
Despite rising GHGs and Once-ler leaders in White House and now Brazil, economics and the human spirit ride to the rescue
My first summer job that didn’t involve cutting grass was in Bosnia with an outfit called Conflict Resolution Catalysts, which had the lofty mandate of restoring interethnic civility in the war-torn region. Fittingly, the group’s motto was “optimističan uprkos stvarnosti” (optimistic in spite of reality). That has been my life motto ever since.
Lately, this motto has been put to the test.
In October, the Intergovernmental Panel on Climate Change (IPCC) painted a stark picture of the high cost we can expect to pay if global temperatures rise by 2˚C instead of 1.5˚C. The half-degree of extra warming doubles the decline in crop yields, fisheries, species extinction, and portion of the population exposed to extreme heat, which in turn adds up to 150 million premature human deaths, mass species extinction and hundreds of millions of climate refugees this century. The problem, based on the Climate Action Tracker models, is that we are currently on track to heat up the planet 3.3˚C by 2100 – a “Hothouse Earth” scenario in which all bets are off.Continue Reading...
Imagine a cleaner, more affordable Canada
Posted December 19, 2018
Four common sense measures to get us there
Imagine the Canada of 2025. Zero-emission vehicles putter across the country, silently saving the average person $1,500 a year on fuel costs. Homes and workspaces are warmer in the winter and cooler in the summer, with a fraction of the utility bills and virtually all of our power coming from zero-emission sources that make it easier for everyone to breathe. Our fossil fuel industries are pumping out clean commodities to satisfy the high and growing demand for global customers.
That world is within our grasp thanks to advances in technology, abundant clean power and natural resources, and the can-do mentality of Canadians. But it is not just going to fall into our laps.Continue Reading...
Size of the prize
Posted November 26, 2018
How Bay Street could make $110 billion from climate change solutions
Canada’s plan to tackle greenhouse gas emissions, the Pan-Canadian Framework on Clean Growth and Climate Change, sets a clear trajectory for transition in the Canadian economy.
This is in line with the global economic shift to a sustainable economy increasingly driven by cost-effective technologies that offer investors a strong return on their investments, separate from any public policy considerations.
Making the clean transition in Canada will require average annual investments of $158 billion per year from 2019 to 2025 across the building, transportation, power and heavy industry sectors, according to Corporate Knights estimates.Continue Reading...
Clean Transition Bonds could unlock $1T+ in oil sands opportunities
Posted October 24, 2018
Corporate Knights and the Council for Clean Capitalism today released draft Clean Transition Bonds Guidelines – a crucial first step in establishing an important new category of green bonds. CTBs will be instrumental in enabling Canada’s energy and other carbon-intensive industries to further reduce their emissions, while at the same time leveraging massive opportunities for process improvement and new product development.Continue Reading...
Divestment would have made NY pension fund $22B richer
Posted October 4, 2018
Research by Corporate Knights shows that avoiding fossil fuels would have made the state pension fund much wealthier.
The New York State Common Retirement Fund (NYSCRF) would be an estimated $22.2 billion richer had it decided to divest its fossil fuel stocks ten years ago, according to analysis performed by Corporate Knights. That works out to more than $19,820 for of each of the fund’s 1,122,626 members and retirees, an amount that would have covered more than 25 percent of the costs from 2012’s climate change fuelled Superstorm Sandy.Continue Reading...