The Green Group in the new European Parliament has 69 MEPs. The high percentages of the European Greens in relation to the previous EU elections indicating the will of the European citizens to be coordinated and politicized in a joint fight based on their ecological concerns in order to tackle climate change.<\/p>\n\n\n\n
![\"\"](\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2019\/06\/320px-EGP-Logo_2017.png\"){kind=logo}
Photo by Author: Europaische Grune Partei, licensed public domain
Source: https:\/\/europeangreens.eu\/brandassets
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Of course, the movement of Swedish student Greta Tunberg (Fridays for\nFuture) where tens of thousands of people descend protesting the streets of\nEuropean cities every Friday protesting for measures against global warming and\nclimate change, videos filmed by famous and non-famous YouTubers and presented\non YouTube for the disastrous policies of the major European parties for the\nclimate, have profoundly influenced the new generation of voters and have acted\nas a support to the vote in favor of the Green parties. <\/p>\n\n\n\n
If the European Greens work with the Liberals in the European Parliament,\nthe pressures exerted on both the European Parliament and the new EU Commission\nwill be great in order to adopt even stricter measures to reverse the\nphenomenon of global warming.<\/p>\n\n\n\n
At a time when US President Donald Trump has so far annulled regulations to\nprotect the environment, while withdrawing the US from the Paris Agreement on\nclimate change (2015 United Nations Climate Change Conference, COP21 or CMP11) and refusing to\nsign the agreement on the protection of the Arctic by laying down conditions to\nsign it, there should be a strong “counterweight” that can bridge the\ngap. <\/p>\n\n\n\n
In addition to the USA, China does not want to reduce its emissions,\nthereby reducing its productivity and growth rates, given that the growth of\nits economy is energy-based on the huge reserves that has its subsoil in lignite. <\/p>\n\n\n\n
The <\/strong>appropriate policies to tackle climate change without affecting global\ngrowth<\/strong><\/strong><\/p>\n\n\n\n The most important measure that should be implemented to help cope with the\nphenomenon of overheating, but without reducing the growth rates of the countries\nat the same time, but also forcing industries and agriculture into all the\ncountries to adopt more economical ways of energy consumption, it is that the\ncentral banks of all countries should agree that all banking institutions under\ntheir supervision that granting loans of all kinds should be an inviolable\ncondition for lending to include the adoption of strict green growth conditions-rules and low-emission\nenergy consumption so that all borrowing companies are forced to adopt such a\ntype of policies in their corporate development.<\/p>\n\n\n\n In addition, the financial markets and capital markets of the whole world should adopt such strict conditions-rules for those companies that want to raise capital from their markets. <\/p>\n\n\n\n The formulation of corresponding financial instruments by all kinds of financial institutions, such that they force industries and agricultural production to adopt technological solutions that have proven their use to lead to the reduction energy consumption, will seal this policy.<\/p>\n\n\n\n In this way and gradually all the industries on the planet will be forced,\nand if they want to be loaned and use financial leverage for their corporate\ngrowth, to adopt and adjust in their corporate governance and development respectively\nto the above proposed strict conditions-rules which will lead to a drastic\nreduction in gas emissions.<\/p>\n\n\n\n However, in order to achieve this global objective, the whole of the\ncentral banks of the developed countries should agree on a homogeneous and\nmutually acceptable framework of rules and regulations, which will apply\neverywhere and when businesses they want to receive all kinds of funding\n(either from banks or capital\/financial markets, etc.).<\/p>\n\n\n\n In addition, companies should be obliged and listed in their products and\nservices respectively if they use technologies to reduce their energy\nproduction and should reduce gas emissions (carbon dioxide, methane, nitric\noxide, etc.). In the same way that the country of origin of the products is\nindicated on the products.<\/p>\n\n\n\n In this case consumers should be aware of this and choose whether to buy\nthe offered products and services of enterprises, while rewarding those\ncompanies that make use of the specific emissions reduction technologies.<\/p>\n\n\n\n In this way, competition is not altered, as the framework of rules and\nregulations will be acceptable and enforceable by all, both on the individual\nmarket-country level and globally.<\/p>\n\n\n\n The central banks and the respective Parliaments of their countries do not need to take account of all those politicians who are in one way or another in the face of policies and agreements to reduce gas emissions. <\/p>\n\n\n\n The regulatory framework is being turned on by the central banks and the political parties in the respective Parliaments are bringing it to the vote.<\/p>\n\n\n\n The oil<\/strong> extraction companies and their\nadaptation to this framework<\/strong><\/strong><\/p>\n\n\n\n On the other hand, there are the extracting, refining, transporting and trading companies of hydrocarbons and all their derivative products that are affected by such a regulatory framework as we have proposed above. <\/p>\n\n\n\n We need to be realistic that is why the whole world must understand that on\nthe wealth generated by all these companies that belongs in these oil\nindustries, millions of people have invested their economies (in stocks of\nthese companies and not only) through investments that make mutual funds,\npension funds, banks, building societies, hedge funds etc., without ignoring\nthe hundreds of thousands of workers working in these companies.<\/p>\n\n\n\n For this reason, any type of “correction” in the prices of the\nshares of these companies will cause a great loss of wealth and can even reach\nthe point of causing a financial crisis. Therefore, the shift towards clean\nenergy should be done in a gradual manner with the minimum possible loss to the\nexisting wealth of these companies.<\/p>\n\n\n\n That is why the governments of all countries should help all these\ncompanies by providing them with specific bundles of equivalent value measures,\ne.g. brave tax exemptions over a long horizon, providing loans with low borrowing\ninterest rates or with zero borrowing interest rates where this possibility\nexists, in order for these companies to have the incentive to invest in the\nproduction of clean energy and always in such a way that it becomes unchanged\nin the company’s revenue portfolio the amount of net revenue cash-flow which\nwill come from the production and trading of clean energy and always in comparison\nto the amount of net revenue cash-flow from an existing particular unit or oil\nextraction units for the purpose of cessation of operations e.g. oil rig,\nreplacing it with equivalent value of net revenue cash-flow which will be\ngenerated from a clean energy plant or units. <\/p>\n\n\n\n More specifically, since there is the possibility of investment in the\nproduction of clean energy, e.g. in a park of light-voltaic or wind turbines,\nwhich will be able to supply clean energy a city of a certain size, then the\ninvestment study that should be done should be it includes and whether the net\nrevenue cash-flow streams from this investment are equitable size with the\ncorresponding net revenue cash-flow streams received by specific oil extraction\ncompanies from their specific extraction\/production units and always measured these\ninvestments for the same time horizon.<\/p>\n\n\n\n Subsequently the estimated net cash-flow revenues from specific oil\nextraction units are of identical size to the net revenue proceeds from the\nproduction and marketing of clean energy due to the above investment in\nquestion, then the company should undertake this investment on clean energy and\nat the same time will be able to cease the operation of the corresponding oil\nextraction unit or units with no damage to its financial profile.<\/p>\n\n\n\n In this way, every oil extraction company will be able to make smooth\nadjustment in the new era by adopting clean energy into its business without\naffecting its profile. In these cases, therefore, priority should be given to\nall these companies in terms of their investments in the conversion of the way\nof producing energy. <\/p>\n\n\n\n An example to avoid where the government of a country, due to the pressure\nof the majority of the electorate who is highly sensitized to the consequences\nof climate change, directly adopts clean energy by completely eliminating the\nproduction of nuclear energy, while being energy dependent and importing\nenergy, is Germany.<\/p>\n\n\n\n Germany decided to close all its nuclear power plants by 2022 and all its\nfactories producing energy using lignite until 2038. The result of this\npolitical decision is that it is increasingly dependent on Russian gas, even\ndeciding to construct a second gas pipeline from Russia.<\/p>\n\n\n\n Only by gradually replacing the energy from lignite, oil and uranium from\nclean energy and always with the strategy we mentioned above that does not\naffect the financial profile of companies active in specific industries can\nachieve this global goal.<\/p>\n\n\n\n Thanos S. Chonthrogiannis<\/strong><\/p>\n\n\n\n The law of\nintellectual property is prohibited in any way unlawful use\/appropriation of\nthis article, with heavy civil and criminal penalties for the infringer.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" In addition to the Alliance of Liberals and Democrats (ALDE) and the associate to them party of Emmanuel Macron-President of France, the recent EU…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2810,6],"tags":[687,161,957,725,721,1013,722,70],"class_list":["post-743","post","type-post","status-publish","format-standard","hentry","category-climate_environment","category-health","tag-alde","tag-china","tag-climate-change","tag-creta-tunberg","tag-european-greens","tag-global-warming","tag-paris-agreement","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/743","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=743"}],"version-history":[{"count":3,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/743\/revisions"}],"predecessor-version":[{"id":5620,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/743\/revisions\/5620"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.liberalglobe.com\/wp-content\/uploads\/2019\/06\/240px-The_Earth_seen_from_Apollo_17.jpg\")
Photo by Author: NASA\/Apollo 17 crew; taken by either Harrison Schmitt or Ron Evans, licensed public domain
Source: https:\/\/www.nasa.gov\/multimedia\/imagegallery\/image_feature_329.html<\/figcaption><\/figure><\/div>\n\n\n\n