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Green Transition

Eleven Wrong Ideas On The Climate

In the various speeches on the climate, we find a large number of commonplaces, repeated a thousand times in all tones, which constitute wrong ideas, which lead, voluntarily or not, to ignoring the real issues, or to belief in pseudo-solutions. I am not referring here to negationist speeches, but to those that claim to be “green” or “sustainable”.  These are assertions of a very diverse nature: some are real manipulations, fake news, lies, mystifications; others are half-truths, or a quarter of the truth.  Many of them are full of good will and good intentions – the road to hell, as we know, is paved with them.   This is the road we are on: if we continue with business as usual – even if painted green – in a few decades we will find ourselves in a situation much worse than most of the circles of hell described by Dante Alighieri in his Divine Comedy.

‘Green Gentrification’ Can Force Out Long-Term, Lower-Income Residents

Making neighborhoods more “green” through environmental infrastructure and other green investments such as open space parks, rain gardens, permeable pavement and rainwater harvesting can result in an area being perceived as more desirable, which can lead to rents and property values going up. This, in turn, leads to lower-income residents being pushed out — a process called “green gentrification.” As wealthier residents move in, so do businesses that accommodate their tastes, while longer-term residents who don’t earn as much are faced with rising living costs, disappearing community institutions and, eventually, being displaced altogether. According to a report by the Zoological Society of London (ZSL), rewilding could lead to those with lower incomes being pushed out of their local communities, The Guardian reported.

A Green & Just Transition Requires Democratized Public Banks – Costa Rica Style

Public banks, in particular, are shown to have much greater financial capacity than commonly believed. Whereas the IATF 2019 Report claims there is only $5 trillion in combined public bank assets (so, hardly sufficient to tackle the $4 to $6 trillion in additional annual climate mitigation investments by 2030), the TNI contribution demonstrates that there are nearly 700 public banks around the world that have combined assets nearing $38 trillion (that’s about 48 percent of global GDP). Put otherwise, 20 percent of all bank assets are still publicly owned and controlled.
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