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The EU’s Stunning Green Hypocrisy (At Least Trump Was Honest About Targets)
The EU’s Stunning Green Hypocrisy (At Least Trump Was Honest About Targets)Tyler Durden Fri, 04/16/2021 — 03:30
Authored by Mike Shedlock via MishTalk,
Let’s check in on EU’s green energy policy and how countries meet green investment targets.
Green Smokescreen
The EU mandates that that 30% of all EU expenditures be allocated to green projects. Eurointelligence discusses the Green Smokescreen and some amusing math as to how those targets are met.
If you took this target seriously, you would have to reform the Common Agricultural Policy. But the EU failed to do precisely that when they had an opportunity last year. Instead, the EU resorts to cheating.
The European Commission classifies investment in terms of 0%, 40% and 100% green content, and rounds up the numbers to the next higher target. So 1% becomes 40%. 41% becomes 100%.
You can always rely on EU leaders to put appearances ahead of content.
Reform of fiscal rules, a capital markets union, and changes in tax rules would produce more environmental investments and employment than a senseless competition for numerical climate change targets.
I also don’t believe this charade will work politically. When the mendacity of the EU’s climate policy becomes apparent, the centre will not only have lost the victims of the economic crisis, but an entire generation of young voters.
This is the thing with smoke and mirrors: when the smoke lifts, you see clearly.
Greenwashed Out
The above article was published on March 13, 2021.
Eurointelligence reports today in “Greenwashed Out” that lobbyists consider the above demands as too strict.
The Commission has been working to update its green finance taxonomy because the most recent set of guidelines, published in 2019, were deemed too strict by some member states and industry lobbyists.
In layman’s terms, projects that are not green will still be labelled green, which defeats the purpose of the entire endeavor.
Nine members of the 57-strong group have threatened to quit over the latest proposal because it would allow companies that are not currently considered green to claim investments, such as highly efficient steel production, and classify them as taxonomy-aligned.
This means that the proposal will maintain a longstanding practice of mislabeling green investments. Under a previous set of guidelines, a system called the Rio markers was used to round up the green content of investments and projects. A project with even a tiny amount of green content would qualify as 40% green, and anything with more than 40% green content was rounded up to 100% green.
Too Strict!?
Clearly there is a need to round 1% up to 49% and 50% up to 120% or whatever.
In addition, let’s label steel production as green-aligned.
You may love or hate Trump’s approach to green projects but at least he was honest about what he was doing.
Global Net Zero Climate Change Targets are ‘Pie in the Sky’
By 2050 the world population is forecast to grow 9.8 billion, up from 7.9 billion in 2021.
That’s a huge increase in carbon demand even if we reduce per capita demand.
Cherry Picking
Cherry Picking?
— Mike “Mish” Shedlock (@MishGEA) February 15, 2021
What the hell do you think is going to happen when everyone in China and India using mostly coal want higher standards of living?
You reaffirm the big problem ahead is totally outside US control.
Yet, Biden, AOC, etc. think the US can solve this with dollarsEven if the US footprint fell to zero (it won’t) it’s possible the net effect would be meaningless.
For discussion, please consider Global Net Zero Climate Change Targets are ‘Pie in the Sky’
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Beijing Displaces New York To Become The World’s Billionaire Capital
Beijing Displaces New York To Become The World’s Billionaire CapitalTyler Durden Fri, 04/16/2021 — 02:45
For the first time in seven years, New York City has lost its title as the world’s billionaire capital.
Statista’s Niall McCarthy reports that in 2020, the Big Apple was displaced by Beijing which recorded a net gain of 33 billionaires. Beijing is now in top spot with 100 individuals worth a billion dollars or more, narrowly ahead of New York’s 99.
You will find more infographics at Statista
The findings come from the 2021 Forbes World’s Billionaires list which shows that a quarter of its 2,755 members live in just 10 cities with more than 10 percent resident in just four Chinese metropolises. Along with Beijing, Shanghai, Shenzhen and Hangzhou also make the list of the world’s top-10 billionaire capitals. Hong Kong, a special administrative region of China, is also present on the list and it comes third with 80 billionaires.
Even though New York is in second place, the collective worth of its billionaire population amounts to $560.5 billion, beating Beijing’s collective $484.3 billion. Zhang Yiming is the richest resident in the Chinese capital with a net worth of $35.6 billion while Michael Bloomberg is New York’s wealthiest inhabitant with a $59 billion fortune.
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UK Councils Bring Back “COVID Marshal” To Report People For Not Social-Distancing
UK Councils Bring Back “COVID Marshal” To Report People For Not Social-DistancingTyler Durden Fri, 04/16/2021 — 02:00
Authored by Paul Joseph Watson via Summit News,
UK council authorities are putting more ‘COVID marshals’ onto the streets to report people to the police for not properly social distancing.
After the government lifted some lockdown restrictions on Monday, bars and restaurants were allowed to open outside.
This prompted the media to once again hysterically point to footage of people daring to enjoy themselves in order to whip up another contrived panic over a ‘4th wave’ of the virus returning despite Britain having one of the lowest case rates in the world amongst major countries.
Hard to believe this is central London on a Monday night as opposed to some decadent festival.
— Matthew Thompson (@mattuthompson) April 12, 2021
Spontaneous cheering. People quite literally dancing in the streets– the liberation is palpable. pic.twitter.com/gxHeuKcoodLocal government immediately responded by vowing to put more state spies on the streets.
“Councils across England have boosted the number of Covid-19 marshals patrolling city centres after scenes of overcrowding since outdoor drinking and dining resumed on Monday,”reports the Times.
The marshals have no enforcement power, so their role almost entirely depends on lecturing people about their behavior and then snitching on them to police if they fail to comply.
As we previously highlighted, when the second lockdown was implemented in the UK last autumn, COVID marshals were dispatched to ensure pubs and clubs were closed.
Photographs from the patrols showed marshals peering into windows and letterboxes to ensure gatherings or private parties were not taking place.
Images from London on Monday also showed masked security guards with attack dogs waiting to deal with any trouble caused by overcrowding as shops re-opened.
This is all apparently part of the process of regaining our freedom!
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