Fighting Climate Change in Donald Trump’s America

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.

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Hitler or Hillary? A Stark Choice

Why we all need to stand up and be counted

jcloud-spainThe 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.
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Climate Change, Sea Level Rise and Retirement Risk

By , Registered Representative and Financial Advisor at Park Avenue Securities

James-Cox-644671-220One 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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Global Climate Deal and the Missing Link

The climate deal fleshed out in Lima, Peru, is that all countries can set their own climate goals [1,2,3]. But will this be effective in preventing dangerous greenhouse gas emissions? Very unlikely, writes Delton Chen (Geo-Hydrologist, Civil Engineer):

deltonDuring the past 250 years of industrial and technological revolution, the primary catalyst for innovation and the fundamental driver of economic growth has been the availability of fossil fuels (i.e. coal, oil and gas). To avoid extremely dangerous climate change, the global economic system must be re-organised at a fundamental level, and the new order must include a social transformation that grows exponentially; otherwise the required mitigation of greenhouse gas (GHG) emissions will be too slow to avoid a climate catastrophe.

The United Nations Framework Convention on Climate Change (UNFCCC) was put into effect in 1994, and civilisation officially acknowledged that it was ‘addicted’ to fossil fuels. The ultimate aim of the UNFCCC is to prevent “…dangerous human interference with the climate system”[4]. The recent UNFCCC’s meeting in Lima, Peru, provides the latest update on civilisation’s de-carbonisation program, but the results of the Lima meeting signify global action will be further delayed given that nations are only obliged to make voluntary commitments. 

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Why We’re Asking

JCloudStorerSmAsking for money is one of the more challenging things that every charity has to do. The first question we need to answer, however, is “Why are we asking?” If we don’t have a clear and compelling answer, we’re handicapping ourselves from the start.

So here’s why.

  • It’s to give people the opportunity to contribute to the world they believe in.
  • It’s to give us the ability to keep working on creating a world that works, by providing “regenerative community solutions,” i.e., practical ways of restoring and building communities that last and become self-reinforcing and self-sustaining.
  • Ultimately, it’s to empower the world of generosity, the you-and-me world, rather than the you-or-me world.

In The Soul of Money, Lynne Twist, who has raised more than $150 million in individual contributions, tells the story of her own first monetary contribution:
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Crowdfunding for PACE in New Jersey

JCloudStorerSmThe challenges we face in New Jersey as a result of climate change are significant, and so therefore are the opportunities. The experience of Superstorm Sandy showed us just how ill-prepared we are for the more frequent recurrence of extreme weather; and how important it is that we set an example for taking action to mitigate our own greenhouse gas emissions, as other states are doing around us. And there’s also no doubt about the urgency of it — as you can see from this remarkable video:
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Jigar Shah’s Creating Climate Wealth (2013)

jigar-shahJigar Shah has a disarmingly powerful message for today’s young capitalists: fixing the climate crisis is the biggest financial opportunity of our lifetimes. Indeed, Shah is on track to become a role model for a new generation of entrepreneurs who are committed to leveraging mainstream investment for social transformation.

In Creating Climate Wealth, Shah makes the case that clean energy represents a ten trillion dollar investment opportunity—if we are just willing to look at what already makes economic sense in addressing the impacts of climate change. The premise of his book, as he states it in a recent video interview, is that 50% of the climate challenge can be tackled profitably with existing technologies, if we have the right business models.

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Keep Your Hands Off My Obamacare

JCloudStorerSmSome Republicans in Congress are determined to “de-fund” Obamacare by holding the government’s entire budget hostage. I beg to differ from those in the Tea Party who are supporting this move.

Our personal story is that we have enjoyed company-supplied health care insurance up to the point where my wife got laid off in 2012, and since then have paid for COBRA at $1500 a month to maintain these benefits. This ends in November, and we fully intend to apply for insurance under the Affordable Care Act.

This name says a lot — it’s private insurance that is expected to be affordable and held to important consumer-protection standards. We haven’t signed up yet, and we’ll be the first to complain if the system does not work properly when it’s launched in October. But there are currently a lot of good software engineers and designers working for the federal government, and we’re expecting to see any kinks ironed out as soon as they’re discovered.

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Finally, Some Sanity on Climate Change

JCloudStorerSmJune 25, 2013: A great deal of what Obama just said on climate change at Georgetown University will seem like common sense to many of us, so it’s important to recognize just how dramatic a shift in the public conversation it is likely to cause.

Several distinct concepts were introduced and reinforced in the speech, most notably that of “carbon pollution,” which is clearly more emotionally and politically powerful than “greenhouse gas emissions.” By calling it (some might say “calling it out as”) carbon pollution more than a dozen times during the speech, he laid the groundwork for a comprehensive approach to the challenge of climate change as a priority for the U.S. and for the rest of the world — including placing the U.S., now second in the world as a carbon emitter to China, at the head of the line in addressing the problems.

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What the First Annual Survey of New Jersey Business Sustainability Tells Us

polskysm_200By Matt Polsky and Pooja Aravkar

None of the world’s leading companies pursuing sustainability are U.S.-based, reports Oekom Research, a German company in its annual Corporate Responsibility Review. What could we do about this in New Jersey? Researchers from the Fairleigh Dickinson University (FDU) Institute for Sustainable Enterprise(ISE) can offer some ideas. The mission of ISE is to “bring people together to learn how to live and manage sustainably by solving problems and capitalizing on opportunities in ways that simultaneously enhance economic, social, and environmental vitality.” It is the intellectual hub of sustainable business thinking in New Jersey.

ISE’s 2010 report Developing and Implementing a Sustainable Growth Strategy for New Jersey provided several guidelines for developing a “Green Economy” – an economy that includes and extends beyond clean energy, potentially penetrating all business sectors to protect and restore the environment while creating economic growth. The report, which urges all sectors to practice corporate social responsibility and aim towards greater levels of sustainability, concludes that “New Jersey has a unique opportunity to play a leadership role.”

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