The Return of Despotism?
Back in 2016, I wrote a post obliquely comparing Trump to Hitler. At the time it reminded me of Marx’s famous quote that history repeats itself, first as tragedy (Hitler) and then as comedy (Trump). I could not imagine that Americans could actually elect this buffoon as our president, and I had grave concerns about our freedoms and about our responsibilities to the biosphere. Many of these were justified.
The good news is that we actually survived those years and that on January 6, 2021, the vastly outnumbered Capitol Police turned back the deadliest full-on insurrection since, well, the Civil War. The bad news is that the feckless and immoral Trumpian effort may not be over.
The latest news is that Trump intends to pardon the insurrectionists if he is returned to office, and they may even be let go sooner if the Republicans win the House and/or the Senate in the 2022 midterms. We should be clear as to what this means. It is the sort of thing that happened after President Lincoln was assassinated, and Andrew Johnson presided over an accelerated reconciliation called Reconstruction.
New C-PACE Bill Passes in New Jersey
Posted by Jonathan Cloud in Climate Change, Editorial, Energy & Environment, News, Policy, State on Tuesday, June 29, 2021
After almost ten years of concerted advocacy, New Jersey’s C-PACE law is finally being amended to make it actually usable by municipalities and commercial property owners to limit their carbon emissions, save money, and create new jobs and opportunities in local communities. While it will still be a number of months before the NJ Economic Development Authority (NJEDA) issues rules and guidelines, the passage of the new bill (A2374/S1953) is a major milestone in NJ’s commitment to meaningful climate action.
Here’s the press release posted by New Jersey PACE and its affiliated sites yesterday:
The Commercial Property Assessed Clean Energy program, already approved in 37 states and D.C., with active programs in 24 states, is headed to the Governor’s desk for signature
Trenton, N.J. — On June 24 the New Jersey Legislature approved A2374/S1953 with overwhelming, bipartisan majorities in both the Assembly and Senate. The C-PACE (Commercial Property Assessed Clean Energy) bill establishes the Garden State C-PACE Program, to be developed and overseen by the New Jersey Economic Development Authority (NJEDA).
The bill was sponsored by Assemblyman Raj Mukherji (D-Jersey City) and Senators Bob Smith (D-Piscataway) and Kip Bateman (R-Somerset). This represents the culmination of a ten-year effort by New Jersey PACE (NJPACE), a 501c3 nonprofit organization, to amend NJ’s unworkable 2011 PACE (Property Assessed Clean Energy) statute.
The legislation establishes a program that, through a municipal ordinance, allows commercial property owners to privately finance energy efficiency, renewables, and resiliency projects and repay them over time through a special assessment on the property tax bill, similar to a sidewalk or sewer assessment. These projects are 100% financed with private sector capital—no taxpayer or public monies are used.
Possible Planet Holiday Party & Fundraiser – Saturday, Dec 14, 2019, 2-6 pm
Posted by Jonathan Cloud in Economy, Energy & Environment, News, Sustainability on Friday, November 29, 2019
You’re invited to our
Join us for community, thoughtful discussion, and the opportunity to make a difference.
Saturday, December 14
2-6 p.m.
@ 8 Revere Drive, Basking Ridge, NJ
Bring something to share / BYOB
Bring your voices, instruments & holiday songs!
Meet people who care about restoring our communities and the climate.
Can’t Attend But Want to Support Us?
At the party, we’ll share our mission and initiatives, and you can contribute to the “mother ship,” Possible Planet, or earmark your donation to one of our initiatives:
Ecovillage New Jersey
New Jersey PACE / Regenerative Financing
Possible Planet (General Fund)
New Stormwater Fees the Perfect Opportunity for PACE
Posted by Jonathan Cloud in Energy & Environment, Finances, News, Policy, State, Stormwater, Sustainability, Sustainable Business on Monday, February 18, 2019
[Reposted from NewJerseyPACE.org]
February 14, 2019: NJ’s new stormwater utility bill (A2694/S1073) authorizes municipalities to collect fees on parking lots and other impervious surfaces to fund improvements to failing stormwater systems. But it has many commercial property owners concerned that they will now face significant new charges on their property. If the legislature and the Murphy Administration want to address these concerns in a meaningful way, PACE (Property Assessed Clean Energy) is the obvious answer.
PACE can provide 100% long-term financing for projects designed to reduce stormwater runoff by building retention systems, green roofs, and permeable paving. These improvements add to the value of the property and allow the owner to avoid some or all of the fees likely to be charged by the new utilities. When coupled with other clean energy and resiliency improvements, PACE projects are typically cashflow positive from day one. The capital is invested in the property by private lenders, but is off-balance sheet to the property owner, and the interest and other costs can often be treated as operating expenses. There is no public money involved. The municipality simply makes the Special Assessment mechanism available to the property owner, and provides a pass-through for the repayments.
A Sage’s Thoughts…
Posted by Zaheer Jan in Analysis, Democrats, Editorial on Friday, January 11, 2019
“Pity the nation whose sages are dumb with years
And whose strong citizens are yet in cradle
Pity the nation divided into fragments
Each fragment deeming itself savior of the nation!”
(Adapted)
By Zaheer Jan
As the new year dawns and as we, the Democrats take control of the house, I, a person who has been running from country to country, in the hope of having found the ultimate haven, am hopeful that we all in general and Nancy Pelosi in particular will hark to the words of President Abraham Lincoln and, “strive on to. . . bind up the nation’s wounds”, because “A house divided against itself, cannot stand.” And, “With malice towards none and justice for all”, take courage; go into the ‘Lion’s den, the states President Trump claims as his base, and reach out to HIS base.
Citizens of these states have for long felt disenfranchised from the decision making processes that affect them financially. Invite them and include them in the democratic party’s vision.
Our country and its system of government, our constitution is too great to be allowed to fall victim to petty rivalries and cheap theatrics. For if we allow that to happen, and let us be sucked into the whirlpool of international jealousies, then the only option left will be a cataclysm for mankind, nay perhaps the planet itself.
Our country’s adversaries are lying in wait, are deadly serious, and are playing for keeps.
Zaheer Jan
Sounding the Alarm
Posted by Jonathan Cloud in Carbon Pollution, Climate Change, Economy, Editorial, Energy & Environment, Finances, Global, National, Policy, Politics, Sea Level Rise on Sunday, January 6, 2019
New observations show that climate change is already harming us in a wide variety of ways. Possible Planet is looking at what we can do about it, from rewarding carbon capture on a global scale to refreezing the Arctic.
Mounting Evidence of Harm to Humanity and the Biosphere
Climate change—or, as Dr. Janice Kirsh prefers to call it, climate disruption1—is already upon us. The effects are real, costly, and increasingly measurable. Amongst several other dire warnings issued near the end of 2018, the latest report of the Lancet Countdown notes that “Vulnerability to extremes of heat has steadily risen since 1990 in every region, with 157 million more people exposed to heatwave events in 2017, compared with 2000,” and “153 billion hours of labour were lost in 2017 because of heat, an increase of more than 62 billion hours since 2000.” Moreover,
The direct effects of climate change extend beyond heat to include extremes of weather. In 2017, a total of 712 extreme weather events resulted in US$326 billion in economic losses, almost triple the total losses of 2016.2
Add to this the “excess costs” of rising sea levels, and rising levels of ocean acidity; the agricultural impacts and the spread of vector-borne and water-borne diseases; and the broad range of public health impacts—and it’s clear that today’s costs and consequences alone are reason enough to sound the alarm.
But the planet also faces other imminent disasters:
- the loss of natural habitat and biodiversity, precipitating what is widely considered “the sixth mass extinction event”
- the widespread loss of soil fertility threatening agricultural production
- and wars, conflicts, and mass migrations that are already being precipitated by environmental changes
Though some people are still apparently unwilling to believe that climate change is real, or that humans are the major cause of it, these very real economic and biophysical costs are of increasing concern to global policymakers, public health professionals, the insurance industry, and even the military. And ironically it’s perhaps the risk to the economy, even more than to the biosphere, that will drive a meaningful response.
Economics Driving the Clean Energy Revolution
Posted by Jonathan Cloud in Analysis, Carbon Pollution, Economy, Energy & Environment, Finances on Monday, January 15, 2018
The fossil fuel era, one of the principal drivers of the industrial revolution, is gradually giving way to a new energy future, one in which less energy is needed and what is needed is generated from renewable sources. Donald Trump notwithstanding, this transition is well under way, and will only accelerate in coming years, as humanity seeks cleaner sources of energy and a more harmonious relationship with nature. With the cost of renewables coming down dramatically, and the recognition of carbon pollution as a global waste management problem, more and more capital is being directed into the transition, whether it’s being invested in new solar capacity or in conservation or energy storage.
A 2016 Bloomberg report found that at least $11.4 trillion will be invested in new power-generating capacity over the next 25 years, and 60 percent of that will fund wind and solar power. And that’s just the power-generating capacity; overall, the UN estimates that $90 trillion will need to be invested in the next 15 years to meet the 2030 Sustainable Development Goals and the promises made in the Paris Agreement.
These are seemingly staggering numbers; the entire world economic output in 2015 was about $73 trillion. But they are also a measure one of the most profitable opportunities in the history of the planet. What we’re talking about is essentially a wholesale conversion from dirty energy to clean energy, from toxic waste to the circular economy, and the recapture of carbon from the atmosphere and the oceans in order to restore soil fertility and feed a world of ten or eleven billion people a healthier diet than most of us consume today.
Fighting Climate Change in Donald Trump’s America
Posted by Jonathan Cloud in Climate Change, Editorial, Energy & Environment, National, Policy, Politics on Monday, November 14, 2016
Listening to Trump’s victory speech early Wednesday morning (and much of what he has said since then) has led many to wonder if the entire election campaign was a con, and we’re now going to see a new, more humane, Donald Trump as President. “Would the real Donald Trump stand up?” is a question several pundits have begun to ask. And in his first statement after the election, President Obama noted Trump’s “new tone,” and hoped it would continue.
Here’s a key excerpt from Trump’s speech:
I pledge to every citizen of our land that I will be President for all of Americans, and this is so important to me. For those who have chosen not to support me in the past, of which there were a few people, I’m reaching out to you for your guidance and your help so that we can work together and unify our great country.
Hitler or Hillary? A Stark Choice
Why we all need to stand up and be counted
The mere fact that Donald Trump has been designated the Republican nominee for President should give us all cause for concern. No one with such a clearly authoritarian personality has ever been a plausible candidate for the most powerful office in the world. The campaign that we see unfolding before us is not a reality show, but a sobering reality. It is not unreasonable that we should ask ourselves what would happen if we were to stand by and not speak out against it.
Read the rest of this entry »
Climate Change, Sea Level Rise and Retirement Risk
Posted by Jonathan Cloud in Climate Change, Economy, Energy & Environment, Finances, Sea Level Rise on Tuesday, May 3, 2016
By James Cox, Registered Representative and Financial Advisor at Park Avenue Securities
One of the oft repeated risks from climate change is the threat that comes from rising sea levels. Depending on the forecast, even in the most optimistic ones, seas are projected to rise several feet before the end of the century. With the accelerating build-up of CO2 and the rate of temperature increase (2015 being the hottest year on record), many expect dramatic sea level rise to occur much sooner than most expect. (https://www.co2.earth/ )
While people might want to buy shore property for benefits that include potential rental income, capital appreciation and personal use, they also face potential risks of hurricanes, sea level rise, etc. Some of these risks can be mitigated by purchasing flood insurance.
Last summer I explored the question, “if sea levels rise, what will be the impact on a clients’ net worth and portfolio?”
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