3 years ago

518

April 05, 2022
Source: www.youtube.com/watch?v=gJRP2Zm05nU

Today, I have a NEW question for you:
Why would Billionaires & Hedge funds be so passionate about pushing everyone towards renewable energy? Thereby giving up their huge oil & gas profits?

A growing share of the US$100 trillion bond market is mobilized for climate change solutions. Moreover, during COP26, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that over US$130 trillion in private capital has been committed to carbon neutrality—enough to achieve net zero by 2050

The goal of 1.5°C is so fundamental that societies need to be prepared to assume negative consequences of policies taken by governments today to avoid the worst consequences tomorrow. This includes job losses, increased costs and geopolitical insecurity associated with a disorderly transition

Only a socially just transition will make the consequences bearable for large parts of societies with governments needing to create policies and social-protection systems that help reduce the impacts for those affected (UBI)

A rapid decarbonization would increase economic and societal disruption in the short term, while a slower pace with fewer short-term impacts would entail much larger costs and greater disorderliness in the long-term

In other words, this is going to happen FAST. You’ll start to see energy production drop and rationing begin, probably somewhere in mainland Europe first

Carbon credits, ah ha! This is where we’re going… A new form of credit score based on carbon credits, or ESG (Environmental, Social & Corporate Governance)

ESG mandates are putting pressure on pension funds, and pension funds then put pressure on companies. And if investors continue to put pressure on companies that explore oil and gas energy, we're going to see rising oil prices…

Glasgow Financial Alliance for Net Zero (GFANZ):
The Glasgow Financial Alliance for Net Zero (GFANZ) was launched in April 2021 by Mark Carney, UN Special Envoy for Climate Action and Finance. Bringing together existing and new net-zero finance initiatives in one sector-wide coalition, GFANZ provides a forum for leading financial institutions to accelerate the transition to a net-zero global economy. Our members currently include over 450 financial firms across 45 countries responsible for assets of over $130 trillion.
The Net Zero Banking Alliance:

Banks’ first 2030 targets will focus on priority sectors where the bank can have the most significant impact, ie. the most GHG-intensive sectors (greenhouse gas) within their portfolios.
Within 36 months of joining, banks will set a further round of sector-level targets for all or a significant majority of specified carbon-intensive sectors, including: agriculture; aluminium; cement; coal; commercial and residential real estate; iron & steel; oil & gas; power generation; transport

These companies can do absolutely nothing about their emissions for 47 years leading up to 2050, then in 2049, offset all their carbon! And if they don’t make it, they’ll say “ah, never mind, at least we tried hey!”

Conclusion: So where does all of this lead us then?

Stage 1: Get all banks onboard
Stage 2: Offer some sort of financial incentive, if the carrot doesn’t work, use the stick!
Stage 3: Use ESG criteria to put pressure on pension funds & investment funds to adopt only sustainable investments, putting energy companies out of business
Stage 4: Once the banks, pension schemes & investment funds are onboard, go for smaller financial institutions & cryptocurrency platforms.
Stage 5: Make this mainstream so that businesses can’t get finance unless they meet the correct ESG criteria
Stage 6: The public: Want a mortgage? I’m sorry, you don’t have enough carbon credits for that house...

DISCLAIMER
This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

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