Is Biden’s Climate Ambitions too much for voters?



Bad policy choices contribute to the energy supply crunch. Photo: Associated Press

As Glasgow approaches - Governments are making unprecedented promises …

Are they willing to put their money where their mouth is?

Obama

signed on under the Paris climate agreement would have hit roughly $50 billion in 2030, or about $140 per person. 

A recent Washington Post survey found that a majority of Americans would vote against a $24 annual climate tax on their electricity bills.

 Even if they’d hand over $140, it’d reduce global temperatures by a minuscule 0.06 degree Fahrenheit.


President Biden

Is promising  to spend $2 trillion over four years on climate policies—equivalent to $1,500 per person per year. And Mr. Biden’s current promise—100% carbon emission reduction by 2050—will be even more phenomenally expensive.

A new study in Nature finds that a 95% reduction in American carbon emissions by 2050 will annually cost 11.9% of U.S. gross domestic product. 

To put that in perspective: Total expenditure on Social Security, Medicare and Medicaid came to 11.6% of GDP in 2019. The annual cost of trying to hit Mr. Biden’s target will rise to $4.4 trillion by 2050. 

That’s more than everything the federal government is projected to take in this year in tax revenue. 

That’s  $11,300 per person per year, or almost 500 times more than what a majority of Americans is willing to pay.

This would create a reduction in temperature of 0.3 degree Fahrenheit. This is because the U.S. will make up an ever-smaller share of emissions as the populations of China, India and Africa grow and get richer.


Indian Power Minister Raj Kumar Singh 

Net zero is a “pie in the sky,” and “you can’t stop” developing countries from using more and more fossil fuels. 

As Curt Carlson says 

“ Focus on innovation to bring down the price of cleaner energy - 

An investment I believe  voters willing be prepared to pay.

Some amazing things that are happenning

Regenerative agricultural practices are all about CO2 removal and sequestration. Nestle is going there with 500,000 farms:

 https://www.foodnavigator.com/Article/2021/09/20/We-must-go-further-Nestle-invests-a-billion-euros-in-regenerative-agricultural-push




On Oct 9, 2021, at 9:55 AM, Curt Carlson <curt@practiceofinnovation.com> wrote:

 Great.  Lots of work going on.  For CO2 removal cost is the issue.  Ideally, it will create positive new businesses.  

Herman - Lots of interesting stuff in that space indeed! Check out https://airminers.org/ or This about very exciting emerging storage solutions: https://youtu.be/UDjgSSO98VI

or

Paul Hawken’s newest; Regeneration

or 
the already mentioned Foundation for Climate Restoration: https://video.earthxtv.com/shows/foundation-climate-restoration/season/1/episode/1

Curt Carlson shares with us 5 things that we need to do to ensure that agrees and her Generation will not only survive - but thrive



  1. Adaptation (we will), 
  2. Nuclear power (scales and doesn’t destroy the environment), 
  3. Growth (to get people out of poverty and stop having 10 babies), 
  4. Stop silly stuff (anti-growth), 
  5. and lots more Innovation in every way possible (it creates solutions, jobs, and wealth we will need to adapt).  


Greta will be more than fine.  

climate action seems to makes financial sense in Oz


“2030 emissions reduction  target to 46 and 50pc in 2030 and net zero by 2050 could potentially be payday for Australia!” 


Estimates show that taking climate action Boosting GDP by $890B and adding 195,000 jobs.


Creating a new  export industry valued at $40b pa


It is estimated that $50b investment by 2030 needed to 


  • expanding domestic carbon offsets 
  • Renewables creating 70pc of electricity by 2030
  • Lower emissions 615 to 479 tonnes by 2030
  • Transport reduce 15m tonnes 
  • Focus on carbon capture technology by industry



Tim Reed - ex ceo of myob quoting a Deloitte access Economics study to “the Australian” that the  future is grim and that Aus would be worse off by $3.4t if nothing is done. 


UKP280B Britain’s Labour putting money where it’s mouth is



British Labour is pledging a matching $ for $ investment of  £28bn of green capital a year until 2030 to protect Britain from disaster -  equivalent to more than half the current defence budget and 4 X it’s current investment .


Under Labour, Rachel Reeves said there would “no dither, no delay” in tackling the crisis - and that this investment would be matched with private money 


This is an investment of  £224bn on climate measures over the next eight years.


Investment’s could include 

  • gigafactories to build batteries for electric vehicles, 
  • the hydrogen industry, 
  • offshore wind turbines manufactured in Britain and more everyday infrastructure such as home insulation, 
  • cycle paths, 
  • tree planting 
  • and flood defences.
  • A national nature service, - like the army  - people spending 2 years national service - after school in climate related jobs 
  • education, training and upskilling the British public on climate  - the #bbgclimateactionforum
  • Investment into R&D and innovation
This will actually achieve  a great ROI methink
“As chancellor I will not shirk our responsibility to future generations and to workers and businesses in Britain … We will provide certainty and show leadership in this decisive decade. I will be a responsible chancellor. I will be Britain’s first green chancellor.” Say Reeves 


Some thoughts 


- climate action makes financial sense

- governments coming to play in green space

- national service for climate  vs war 

- we’re fighting a common enemy - global heating - a way to unite our global species 

- investment of 50pc of defence budget - imagine if investment is 150% UKP80B per annum - if defence was not necessary 

- protecting jobs of “coal workers” reskilling and upskilling miners for good 


“Katz Kiely” - foundation member of our “climate action forum - Is it election time yet ?? 

https://www.theguardian.com/politics/2021/sep/27/labour-promises-spend-28bn-year-tackling-climate-crisis


Great subject for radio WII - FM 

This is the decisive decade

It’s exciting - we can create  a different future - a better future 
This is the decisive decade / we can shift and thrive in a sustainable way 




The world needs examples o how to do things differently 
  • How do we do things differently ?
  • Clean tech - imagine what a power plan can be 
  • Waste is waste if only there is not a use for it
  • We have this incredible opportunity to achieve the impossible 

Climate Action Forum 1-10-21




Australia to take the front foot on Climate Action




Investible on track for the launch of  $100 million climate tech venture capital fund.


The fund will seek to invest in companies that assist in reducing emissions across the six sectors identified by the United Nations Environment Programme. 


energy; transport; industry; buildings and cities; food and agriculture; and forests and land use.



“We are strong believers that decarbonisation will come from a broad suite of solutions addressing all parts of the economy – not one or a few ‘silver bullets’,” said CEO of Investible Rod Bristow


The People 

The fund will be run by Tom Kline, the former CEO of New Energy Solar, and Patrick Sieb, a climate tech angel investor with more than 22 years of infrastructure and technology investment banking experience.


Topaz Conway and Katerina Kimmorley are on the fund’s investment committee.


Topaz Conway is Professor of Practice at UNSW and Non-Executive Director at Cicada Innovations, Neuraura Inc, Omni Tanker Technologies, AgScent Technologies and UTS Foundation. She has more than 20 years’ experience as a founder, scale-up CEO, and angel investor.


Katherine Kimmorley was a founding member a $1 billion Clean Tech VC Innovation fund at the Clean Energy Finance Corporation and was the Founder of Pollinate Energy.


Unprecedented opportunity

Tom Kline says climate tech was an unprecedented opportunity for investors while also combating a major challenge for humanity.


This is a critical time for us all to take climate action before it’s too late and one of the biggest investment opportunities in our lifetime. There are numerous tailwinds converging toward this once-in-history moment,” he said.


“We need to be tackling climate change from all angles – that means all sectors and stages of business. It’s going to require a transformation of almost every industry and creates opportunities for both founders and investors. 


Investors need to back climate tech companies early on in their journey so that more founders can reach those later stages of growth and deliver climate solutions at scale.”


Kline said that they are seeing amazing founders with game-changing technologies and equally important, more investors and corporates who know they need to take action.



“The size and urgency of the problem means that businesses that help solve it will be highly valuable.”


Government Support 


The City of Sydney announced plans for new innovation hub focused on tackling climate change in the 56-storey Salesforce Tower at Circular Quay.


Named ‘Greenhouse’, the hub spans 3,800sqm on first three floors at 180 George Street and is due to open in late 2022.


It will offer affordable office space for climate tech startups and scale-ups, to be run by a subsidiary of Investible for the next 10 years. Investible co-founder Creel Price will be Greenhouse CEO.


Tom Kline said Australia has all of the ingredients needed to be a leader in climate tech.


“It’s about creating an ecosystem to deliver outcomes for all stakeholders investors, Australia and the Planet. 

Greta Thunberg talking climate action


We need to listen to our children - a great speech by Greta Thunberg 
#tmyiuth4ckimate #clinateactionforum

We need to walk the talk 
Hope is bot blaah blaah blaah
Hope is telling the truth 
Hope is taking action 

What Google is doing in London - supporting client action


6 Pancras a square - Google UK for a carbon free future 


Is it Time to stop backing the Coal Industry in Australia?




Scott Morrison  

Let’s do the right thing - we have got such an amazing opportunity to be the light to the rest of the world! 

💎 We as a Nation are building such an amazing brand!
💎 We as a nation are doing so many great things
💎 We are seen as a diverse innovative nation 
💎 We have great infrastructure , a great diverse collaborative culture, 
💎 We are seen as a democratic free Country

When I see this - it makes me sad 😢 

We were able to take unbelievable immediate action when Covid struck - supporting our people on times of impending disaster!

We might have an opportunity to prevent an impending disaster - where the science is telling us we are on a trajectory to disaster!

We don’t have to be the pariahs of the world!!!

💎 We can be the leaders in renewables 

🌟 Let us make the Glasgow a conference count!

⭐️ Let us support Climate Action 

It is a global wicked problem - let’s lead it from a positive position !

We can do this #Australia 

 #climatechange #sustainability #opportunity 


What do you 🤔 think 

Am I alone in this?
Am I missing something?



Sydney Morning Herald 25 September 2021


McKinsey recognises sustainability as #1 of 5 things a CEO needs to focus on




Sustainability

Learning

Purpose

Cloud and 

Speed 


These are my top 3


Sustainability, the principle of producing goods and services while inflicting minimal damage on the environment. Sustainability needs to be done as systematically as digitization or strategy development because it will be an important source of long-term competitive advantage


McKinsey shares 24 pages of how a CEO’s can make their organisation more sustainable 


Lifelong learning and Developing talent is therefore another priority. The organization of the future will need to be more flexible, less hierarchical, and more diverse.


Purpose - Leaders need to recognize that people want meaning in their lives and their work. Research has found that companies with a strong sense of purpose outperform those that lack one. Employees are more loyal, more likely to go the extra mile, and less likely to leave. Purpose helps companies recognize emerging opportunities and connect with their customers.

 

Here’s the link to the full report

Climate Action Forum - planning phase

USA
Herman Gyr , Lisa Friedman, Paul Werbos, Bobby Fishkin, Shayan 

Canada
Paul Van Der Hoop

Australia
David Michaelis , Bill Mclellan , Michael Bartura , Ivan Kaye , Luceille Outhred, Brendan Lindstrom, Pearl Lee

South Africa
Shereen Amos

UK
Katz Kiely 

Forum Sep 17 - planning 1st and 2nd forum


1st Video  - planning media stream (1hour) 
2-4 Video - planning Oct 28 forum 





Snippets from the session 


Innovation and Inequity - 2021 - Bill Gates




I have just read an amazing article by Bill Gates this morning.

Innovation and Inequity | 2021 Goalkeepers Report Here is the link 

Below is a summary 


We have come together as a species - globally to fight this dreaded disease - although the pandemic still rages - and millions have died and been negatively effected by health , lockdowns and economic collapses - Our optimism is not destroyed 


There has been breathtaking innovation, where  our behaviours both  as individuals and as societies, have changed to fight this dreaded disease - where we have indeed  saved millions more lives - and by working together as a team - we will beat it.


We have seen that we can do it - which gives me optimism that we can change our behaviours to fight the 3 main challenges we have as a Species over the next 30 years 

HEALTH HUNGER and CLIMATE CHANGE


The effort we put in matters - we will test things - some things we do will succeed and many others will fail - but as optimists - the failures need to be seen as learnings -we will continue to evolve - and for us to advance - we need to look at things like optimists


The virus does not distinguish and spread based on rich or poor - it spreads - and yet only 1pc of worlds production of the vaccine is in Africa - where doses are limited 


For the virus to be effective - we all need to be vaccinated - both rich and poor - globally and we need to come  together as one  to vaccinate the planet -  those that have and have not .


Similarly to Climate Change - Climate knows no borders - what happens in one part of the workd - will effect this fragile rock! 


The lesson


People only worry about things when it is upon them - even if they see a train wreck approaching - but it has not yet survived


Case in point - in a study of 10k children in 10 countries - people from countries more directly and immediately impacted by climate change tended to be more worried about the future. Ninety-two percent of young people in the Philippines said they felt like the future was frightening, compared to just 50 percent in Australia. https://www.vice.com/en/article/88npnp/fifty-six-percent-of-young-people-think-humanity-is-doomed


The pandemic has taught us an important lesson: 


Responding to crises starts years before they happen. Innovation and r and d takes time , diligence, failures and collaboration . We need to support scientists , researchers and organisations who are working on challenges to support our future .


Vaccines that have usually taken 10-15 years to develope have been developed in less than a year - was done as a result of years of global researc,  investing and collaboration  people in all parts of the workd 


We need to work together - towards common goals 


And if we want to be better, faster, and more equitable , and leave this rock for our grandchildren a better place than we found it , we need to start laying the foundation. 


Now
This is the decisive decade 


It is up to us to work together to fight the 3 challenges of HEALTH HUNGER and CLIMATE CHANGE


There are 2 global forums that I am excited to be a part of 


  1. The Climate Action Forum
  2. The Yarning Circle - the Diversity Equity and Inclusion forum -


where the focus is to not only talk and share ideas - but  to turn ideas into action.


Be sure to subscribe to our channel and join our collaboration https://youtube.com/channel/UCFYSvMU_VG7lWJuoj-cb8YQ


For those who are Jewish - Yom Kippur is tomorrow - 
Have a meaningful fast. 

Listen to our children - we can we do



https://www.vice.com/en/article/88npnp/fifty-six-percent-of-young-people-think-humanity-is-doomed


The world’s largest ever study of 10,000 young people’s thoughts on  climate crisis, is pretty scary 


🔥  Fifty-Six Percent of Young People Think Humanity Is Doomed


🔥 75 percent said they believed the future was frightening.


🔥 45 percent of 16-25-year-olds said climate-related anxiety and distress is affecting their daily lives and ability to function normally.


🔥 Almost 60 percent of the 10,000 young people surveyed across 10 countries attributed this to their national governments, who they said were “betraying” them and future generations through their inaction. 


🔥 On TikTok, however, #climateanxiety has 370,000 views.


🔥 By country - people from countries more directly and immediately impacted by climate change tended to be more worried about the future. Ninety-two percent of young people in the Philippines said they felt like the future was frightening, compared to just 56 percent in Finland. 

How can we help change that perception to one of hope? 

I Choose Hope

! ‎שנה טובה ומתוקה 

I hope you enjoy this - from Chazan Brett Kaye  https://youtu.be/iAVT4oqBB6M


It’s the song that we sing just before the shofar is blown signifying the start of the New Year - and the end of the fast of Yom Kippur 8 days later .


The time between Rosh Hashannah and Yom Kippur (8 days) is pretty important for the Jews - as this is when you are inscribed in the book of life …. So you ask for forgiveness of everyone - snd make all these resolutions - of how you are going to be a better human.


A time for introspection 


Have a good one



Ps here are some more songs from the service - press the hamburger on the right of the video for more songs 





Shana Tova Umetucha

שנה טובה ומתוקה

As our community fights the the Delta Covid-19, it’s hard not to feel overwhelmed by fear and uncertainty. People are  reeling from losses - of loved ones, incomes, support, lockdowns, systems and freedom

Edith Eger who wrote her holocaust memoir “The Choice” in 2017, shared how we always have the choice of what we put into our minds - and hope - even though this is so very hard to do when we are in the grip of despair. 
These were the final wise words from her mother who was murdered at Auschwitz.

Many people need financial and emotional support with burial services team working around the clock. Families are separated from their loved ones in their final hours. 

But disaster brings out the best in people -  tremendous kindness, generosity and compassion in abundance . 

Disaster brings out very best of humanity and that’s what fills me with gratitude and hope.

We cannot choose our environment and the dangers of Covid or war or external challenges that we may have 

We can choose how we focus our thoughts, and through which lens we view our world.

You  don’t need to polish your  turd - but you can look beyond the turd - you can thank G-d that the turd is rather out than in! 

So, when we struggle with despair or helplessness - and we will, time and again, we need to  go back to the choice we have - 

The Choice to hope and be optimistic about the future 

Hope gives your heart courage and strength to do the right thing  no matter how afraid and vulnerable we feel. (Psalms 27:14). 

Hope is that this too shall pass, that when working together we can rise to what life is demanding of us, and that we have the power to see the good and feel the gratitude. 

 “Everything is in the hands of Heaven, except our belief in Heaven.” We are not in control…truthfully, we never were, but we do have one choice and that is to choose hope.

Blessings in times of crisis (from a South African Rabbi)

“When Covid hit our community 15 months ago, I pulled out the Chev’s burial records from the Spanish Flu in 1918. I was desperate for some experience to lean on and some information to prepare us for what might come. I was astounded at what I found. A hundred years ago people were burying their small children in significant numbers. I keep this record book open on my desk as a reminder that however dark things look, there is so much light. This awful virus has spared our young children. Our choice is to see the light and the good and to strengthen and protect ourselves with gratitude. “

Our choice is to hope that G-d will help us, do everything we can to strengthen ourselves and remember that the outcome is in His hands.

Wishing us all a Shana Tova Umetukah - and have the courage and faith to choose to keep on hoping

Could Climate Change trigger a financial crisis?




An interesting Article in the Economist this weekend 


https://www.economist.com/finance-and-economics/2021/09/04/could-climate-change-trigger-a-financial-crisis. Could climate change trigger a financial crisis? from TheEconomist


Climate change poses a major risk to the  stability of the financial system says Mark Carney - the former governor of the Bank of England.


 In America the Commodity Futures Trading Commission last year published a 200-page report beginning “Climate change poses a major risk to the stability of the US financial system.” 


They identify 4major risks 


  1. Capital moves away from dirty sectors and towards cleaner ones. 
  2. Firms’ exposure to the hazards of rising temperatures. 
  3. Global economic losses resulting from weather-related catastrophes went from $214bn in the 1980s to $1.62trn in the 2010s, roughly trebling as a share of global gdp. These losses are often borne by insurers (though over time the costs should be passed on to customers through higher premiums).
  4. Academic estimates of the effect of 3°C of warming - veer from financial losses of around 2% to 25% of world gdp, and even the gloomiest estimate might prove too rosy if climate change triggers conflicts or mass migrations. Fire sales of assets and a widespread repricing of risk could spill over into higher borrowing costs. (Ignoring the fact that living in this climate would be pretty shitty!)


According to Carbon Tracker, a climate think-tank, around $18trn of global equities, $8trn of bonds and perhaps $30trn of unlisted debt are linked to high-emitting sectors of the economy and will disappear by 2050.


Carbon Tracker’s stress tests - showed that best results would occur if the economy had time to adjust and the change would be adequately planned - vs forced change as a result of handling a disaster ! 


So what can we do today?


As Peter Mousaferiades said at our forum on Thursday - 


This is the decisive decade 


What we do in the next 10 years will determine the date of our Children and Grandchildren 





Climate Action - this might be a subject that could change the Balance of Political Power




A Poll  commissioned by Climate 200, an organisation supporting independent political candidates committed to achieving a science-based response to climate change, suggest global heating is the number one issue of concern for voters in the electorates of Wentworth and North Sydney.


The polls in the three Sydney electorates, taken in the middle of August, report sample sizes of more than 600 respondents, and the pollster UComms says the survey’s margin of error is plus or minus 4.2%.

Two Liberal MPs urge Morrison to set 2050 net zero target before UN climate conference


All 3  Liberal incumbents in the three seats, Dave Sharma, Trent Zimmerman and Jason Falinski, are acutely aware of their constituents sentiment  and look forward to Scott Morrison creating a culture of climate action   To be shared before the Global Climate Conference in Glasgow in November.


Simon Holmes A Court suggests that “ A pro-climate crossbench holding the balance of power is the shortest and surest path to ensuring that the next parliament ends Australia’s lost decade on climate change and makes real inroads on restoring integrity to our political system,” 


My view - don’t use Climate as a political football - it’s too important an issue.


We have this decade to make it right for our children and future generations.


It’s a wicked problem…. Let’s give it a comprehensive best shot to get it right!



Yarning Circle - #bbgforum - Sept 2021 talking the power of data , diversity and disability in the workplace

This Yarning Circles #BBGFORUM is super special - 

Peter Mousaferiadis talks about the power of data in measuring diversity in the workplace, and 

Chris Varney - founder of the ICAN network talking about a world beating Mentorship programme helping people with Autism.

The Yarning Circle #bbgforum  brainstorms ways in which WECAN

1. help to make your workplace more inclusive and engaging 
2. Help ICAN Network Mentor 2500 Mentees in a Year 

Watch this video to see why I am so excited enthused and engaged about this forum 







Here is the playlist of the forum




Here is a playlist of Last Month’s Forum as we explore what we can do to make our workplace a more safe and inclusive place and cater for people with Disabilities and Coolabilities and Capabilities in the workplace.


 (press the hamburger on the rhs of the video for the complete playlist )





I look forward to continuing the discussion with you at our Yarning Circle.


And this is what our DEI forum is about 


And this - Mark Champley - sharing what an acknowledgement to Country is about and what the mission of our Yarning Circle is 




This is the format and hoe the forum unfolded 



And here is a Classical Takeout from  our #bbgthinktank by Martin Stark



Dif the word disability and talk about different abilities and coolabilities 

How do we provide more support for adults with autism?

In Aboriginal language - there is no word for disability - they frame it as a capability 

To shift the mindset - we need to first 
Shift the language
Shift the mindset
Be more inclusive 

Amazed and inspired  at success of mentoring programme of ICAN

Great opportunity with ICAN and Westpac?

Aspiration to mentor 2500 mentees this year - a BHAG of note 

Karen - The importance of having a sense of safety in the workplace - where you can feel comfortable in being who you are. 

Wanda - Talk about the strengths and capabilities of people in schools - make sure that nobody is left behind

Chris V - in awe of the group

Martin - in awe of listening to Chris speak and what ICAN is doing 

ICAN
WE CAN

Here is a LinkedIn Post of the Forum 

- Feel Feee to Comment 






Comment 



DHL presents Alice - it’s electric plane




DHL Express has placed an order for 12 fully electric cargo planes from Seattle-based electric aircraft developer Eviation to support the roll out of its Alice eCargo fully electric planes.


The Alice model is on track to undertake its first flight later this year, with a view to delivering on its order from DHL Express in 2024.


So what is this plane?

The plane is designed to be flown by a single pilot and carry up to 2,645 pounds. Eviation said it would require 30 minutes or less to charge per flight hour and have a maximum range of up to 506 miles, making it a viable alternative for routes currently serviced by piston and turbine aircraft.


Alice is ideal for feeder routes and would require limited investment in supporting infrastructure. It added that the Alice could be charged while loading and unloading operations occur, ensuring quick turnaround times that maintain DHL Express' tight schedules.


It’s good business 

As with electric cars, the use of advanced electric motors is expected to result in increased reliability and reduced maintenance costs, while operating software is designed to constantly monitor flight performance to ensure optimal efficiency.


"We firmly believe in a future with zero-emission logistics," said John Pearson, CEO of DHL Express.


 "The electrification of every transport mode plays a crucial role and will significantly contribute to our overall sustainability goal of zero emissions."


Eviation executive chairman Roei Ganzarski said that "With on-demand shopping and deliveries on a constant rise, Alice is enabling DHL to establish a clean, quiet and low-cost operation that will open up greater opportunities for more communities."