www.wri.org<\/a>).<\/p>\n\n\n\nWhat has avoided to mention this report of GCA<\/strong><\/strong><\/p>\n\n\n\nThe fact that this type of climate change Committee was created globally is\na pleasant and promising event. The element that this report was chosen to be\npresented in the capital of China, Beijing, where China is currently the\nworld’s largest pollutant in carbon dioxide is a semantic fact.<\/p>\n\n\n\n
However, this report presents projects in sectors which should be complementary to or replace other existing activities, e.g. lignite and oil extraction, change in energy use, etc. On the other hand, this report does not answer with clarity how these\ncompanies, for example in the fossil fuel extraction industry, in operation of\nnuclear plants, etc. will be persuaded to surrender their activities to turn to\n“green” development or how they will accept to pave the way for their\ndecline and to their new competitors.<\/p>\n\n\n\n
Moreover, the report “cauterizes” the non-acceptance of the arguments for the phenomenon of global warming by the political leaders of the great powers such as the USA and China, but without explaining that in the race of economic competition between of the first two economies of the world these countries have no alternative to the uninterrupted supply of energy for the maintenance of their growth and how this should be done without affecting their development.<\/p>\n\n\n\n
The Amazon tropical forest at Rio Madre de Dios, Peru<\/strong>How will this change be achieved without anyone\u2019s interests being affected<\/strong><\/p>\n\n\n\nOn the other hand, there are the mining, refining,\ntransporting and trading companies of hydrocarbons and all their derivative\nproducts that are affected by such a green adaptation policy. Therefore, these\ncompanies use their powerful lobbies to persuade political leaders and more\ngenerally the political systems of countries like the United States that all\nthat is proposed for the climate have no basis.<\/p>\n\n\n\n
We need to be realistic in our approach for this reason\nthe whole world must understand that on the wealth generated by all these\ncompanies that belongs in the specific oil and fossil fuel extraction\nindustries, etc., millions of people have invested their savings (in the shares\nof these companies and not only) through the investments made by mutual funds,\npension funds, banks, building societies, hedge funds, businesses , etc.,\nwithout ignoring the hundreds of thousands of workers working in these\ncompanies.<\/p>\n\n\n\n
For this reason, any type of “correction” in\nthe prices of the shares of these companies will cause a great loss of global\nwealth and can even reach the point of causing a financial crisis and a\nprofound global recession. Therefore, the shift towards clean energy should be\ndone in a gradual manner with the minimum possible loss to the existing wealth\nof these companies.<\/p>\n\n\n\n
That is why the governments of all countries should help\nall these companies by providing them with specific bundles of equivalent value\nmeasures, e.g. brave tax exemptions over a long horizon, providing loans with\nlow interest rates or with zero borrowing interest rates where this possibility\nexists, with a view to existing fossil fuel mining companies having the\nincentive to invest in the production of clean energy and always in such a way\nthat it becomes unchanged in company’s revenue portfolio the amount of net\nincome flow that will be derived from the production and trading of clean\nenergy and always in relation to the amount of net income flow that comes to\ndate from their existing mineral extraction fuel plants for the purpose of cessation\nof operation, e.g. closure of an oil source, replacing it with equivalent value\nof net revenue flowing from a clean energy plant or units. More specifically,<\/p>\n\n\n\n
Since there is the possibility of investment in the\nproduction of clean energy, e.g. park of light-voltage or wind turbines, which\nwill be able to supply clean energy a city of a certain size, then the\ninvestment project that should be done should be it includes and whether the\nnet revenue streams from this investment are of equivalent size with the\ncorresponding net revenue streams received by specific fossil fuel mining\ncompanies from their specific extraction\/production units and always measured\nfor the same time investment horizon.<\/p>\n\n\n\n
Since the estimated net revenues from specific fossil fuel\nextraction units are identical in size to the net revenues from the production\nand marketing of clean energy from the specific above investments, then the\nspecific mining companies should fossil fuels to undertake these investments in\nclean energy and at the same time with these investments in RES to replace\ncorresponding fossil fuel extraction units that they dispose of by stopping\nthese operations.<\/p>\n\n\n\n
In this way, any fossil fuel mining company will be able\nto make smooth adaptation to the new era by adopting clean energy without\naffecting its financial profile. So, in these cases, priority should be given\nby all governments to all these companies in terms of their investments in\nconversion of the way of producing energy. Otherwise these companies and the\npowerful lobbies that represent them will always be a serious mound for climate\nadaptation.<\/p>\n\n\n\n
An avoidance example where the government of a country, due to the pressure of the majority of the electorate who is highly sensitized to the consequences of climate change, directly adopts clean energy by completely eliminating the production of nuclear energy, while being energy dependent and importing energy, is Germany (EU).<\/p>\n\n\n\n
Water resource, Jordan River near Jacob’s Ford, Israel<\/strong>Germany decided to close all its nuclear power plants by\n2022 and all its factories producing energy using lignite until 2038. As a\nresult of this political decision, Germany is increasingly dependent, in energy\nand geopolitical terms, on Russia’s natural gas forcing it to decide even to\nconstruct a second gas pipeline from Russia.<\/p>\n\n\n\n
GCA could propose and persuade countries that have large\nreserves of lignite such as Germany, China, India, the USA, etc. instead of\nusing their lignite to produce energy to convert their lignite into synthetic\ngasoline and oil respectively by using the Fischer & Tropsch method with\nwhich synthetic oil from gaseous and solid hydrocarbons is manufactured\n(Lignite-to-Liquid (LTC) Project-high expertise in this topic is available in\nSouth Africa). <\/p>\n\n\n\n
While the combustion of synthetic oil and gasoline attracts almost zero pollutants, however, its production heavily burdens the environment. But as oil and natural gas are used as a “tool” of the energy and\ngeopolitical dependence of countries, both the dependent countries, in energy\nand geopolitical terms, will not dare to free themselves in energy terms from\nother countries even for a temporary period of time producing synthetic oil and\ngasoline and up to their energy reserves from RES to become permanently\nsurplus.<\/p>\n\n\n\n
Only by gradually replacing the energy from lignite, oil\nand uranium from clean energy and always with the strategy we mentioned above\nthat does not affect the financial profile of companies which are active in\nspecific industries can achieve this global climate adaptation goal.<\/p>\n\n\n\n
At the same time, priority should be given to investments\nin RES in African countries and in India, so that the local populations can\nstop, due to energy poverty, by necessarily using biomass for energy production\ncovering their daily survival, causing to themselves long-term heavy\nrespiratory diseases worse than any contamination of the environment.<\/p>\n\n\n\n
The parallel investments in the areas indicated by GCA will not only create\ngrowth but will help the world achieve as painlessly as possible this\nconversion to energy from RES without affecting the interests of anyone and\nwithout affect the size of national and global growth respectively. <\/p>\n","protected":false},"excerpt":{"rendered":"
On 09 September 2019 the updated report of the Global Commission on Climate Adaptation was presented in China (Beijing) (Global Commission on Adaptation (GCA))….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2810,6],"tags":[1067,1064,1065,1063,1066,724,396],"class_list":["post-1223","post","type-post","status-publish","format-standard","hentry","category-climate_environment","category-health","tag-bill-gates","tag-carbon-dioxide","tag-climate-catastrophe","tag-global-commission-adaptation-gca","tag-res","tag-the-phenomenon-of-overheating","tag-un"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/1223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1223"}],"version-history":[{"count":2,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/1223\/revisions"}],"predecessor-version":[{"id":5618,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/1223\/revisions\/5618"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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