Ingmar Rentzhog's post
Ingmar Rentzhog
188 w
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Talking about the new #IPCC report on Cheddar News and answering the question about what we can do about it?
"What we can do is to use our power, use our voice and act together with others, we can pressure the leaders, not just the political leaders, we can also pressure companies. And that's what WeDontHaveTime.org is all about. We are a review platform like TripAdvisor. So if you see a company that doing the wrong thing, you can give them a Climate Warning. If you see someone doing the right thing, you can give them Climate Love. And if enough people do this, this is an enormous power, that will make it very profitable to do the right thing, and super expensive to do the wrong thing."
https://youtu.be/1gb30QC9-Ag
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187 w
Capitalism must be regulated and when profits become the SOLE goal of a company, it becomes a menace to the public good. Killing, poisoning, economic slavery for communities and countries have been the result of capitalism without proper regulation.
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187 w
Capitalism can be part of the solution if the trillions of dollars that are held globally by private investors are mobilised to drive the climate transition. UK pension funds alone hold around £3tn of Investments. Renewable energy is now a more profitable investment than fossil fuels, almost everywhere. Measures to save energy, water and materials improve business profitability. New innovative companies are springing up very rapidly in Europe, notably in Scandinavia, the UK, Germany and France, using novel combinations of science, engineering and IT to address climate challenges. Over the last couple of years, these have been finding it noticeably easier to raise development funding from research programmes, crowd-funders, business accelerators and venture capitalists. Increasingly, there is also stick as well as carrot: the big international insurance companies like Aviva, Munich Re and Lloyds of London are getting increasingly reluctant to fund unsustainable activities, because they can quantify the growing risks involved using their own actuarial data. Climate activists are beginning to succeed in legal challenges to big companies. Carbon taxes, other financial penalties (like landfill tipping fees) and tighter regulatory regimes are also increasingly adding to the costs of inaction. This is no time to allow ourselves to be paralysed by preconceived and pessimistic notions about how capitalism works. It could be argued that we are now in the middle of a Second Industrial Revolution. However, this needs to be directed and harnessed for the good of the planet and humanity while we still have a window for action.
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187 w
Yes and capitalism needs to be regulated so that social good is required and social harms are calculated and paid for by companies. Too often costs ( like climate change) of doing business have been ignored and paid for by the citizens when they become catastrophic.
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188 w
We keep asking the “others” to do things that have minimal impact on climate it’s time for big action: permanent ban on plastic production. Permanent ban on extraction of fossil fuels. Acceleration of implementation of green energy initiatives globally
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188 w
Yes. That was my message in the end.
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188 w
I fear for us ! We must overcome “Capitalism On Steroids” and the greed that goes along with it.