A forthcoming UN report will say there is still time to prevent runaway climate change, but only if investment is rapidly shifted away from fossil fuels and towards renewable energy, campaigners have said.
Due for publication on Sunday after a week of deliberations, the Intergovernmental Panel on Climate Change’s (IPCC) Working Group III report will attempt to explain how global warming can be limited to 2C from pre-industrial levels – the point above which scientists fear a number of climate “tipping points” will be crossed.
The report is expected to say that it is not too late, but warns that nations must drastically cut their greenhouse gas emissions.
According to various news outlets that have accessed draft copies, scientists say spending on renewables must increase by $147 billion (£88 billion) each year.
Meanwhile, investments in fossil fuels such as oil and coal would have to drop by $30 billion (£18 billion) a year, as renewable energy’s share of global production will have to rise from 17% in 2010 to about 50% in 2050.
Jamie Henn, strategy and communications director at the environmental campaign group 350.org, said the report directly connects climate change to the fossil fuel industry.
“The report makes it clear that in order to meet their agreed goal of keeping global warming below 2C, governments need to get serious about leaving fossil fuels in the ground,” he said.
“That means stopping carbon-intensive infrastructure projects, like the Keystone XL pipeline, and shifting investments out of the fossil fuel industry and into solutions.”
350.org’s divestment campaign, which is based on analysis by the UK thinktank Carbon Tracker, has been at the forefront of calls for institutional investors to ditch their holdings in fossil fuel companies.
European divestment co-ordinator Tim Ratcliffe added, “Investors now have scientific evidence that if you put your money into fossil fuels you are complicit in wrecking our future.
“We have the solutions to make the shift from fossil fuels to renewables. But we need to stop pumping money into a rogue industry that is determined to maximise its profits at any cost.”
Meanwhile, Andy Atkins, executive director of the environmental charity Friends of the Earth, added, “We’re already on track for 4C warming which will be impossible for human society to adapt to.
“We have the technology to prevent dangerous climate change. What we lack is the political will of our leaders to strongly champion renewable power and energy efficiency.”
However, some commentators have expressed concern that the IPCC’s report does not lay out the economic case for action clearly enough for investors and policymakers.
According to Reuters, governments are disappointed that the costs and benefits of different measures are not compared in the drafts.
The chair of the IPCC Rajendra Pachauri told the news agency, “We provide much more economic analysis this time, but we are not putting that forward as the only impact.”
The need for a transition to a low-carbon global economy was clearly presented by the IPCC’s second report, last month’s stark description of the devastating likely impacts of global warming.
According to a separate report published this week, renewable energy accounted for 44% of newly-installed electricity generating capacity in 2013, but investment in cleantech fell due to falling costs and policy uncertainty.
The UN-commissioned 2014 Global Trends In Renewable Energy Investment report said that despite an increase in renewable energy installations, which helped save 1.2 gigatonnes of emissions, investment dropped in absolute terms by 14% in 2013.
Photo: thewritingzone via flickr
Responsible Energy Investments Could Solve Retirement Funding Crisis
Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.
Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”
Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.
Tip #1: Focus & Determination
Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.
Tip #2: Minimize Spending
One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!
Tip #3: Visualize Your Goal
You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.
Investing in Clean Energy
One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.
With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.
The Future of Green Biz
As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.
Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.
In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!
How to make a sustainable living out of Forex Trading?
There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.
In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.
1. Limit your risk ceiling
When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.
2. Learn about leverage ratio and account type
When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.
3. Start small
While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.
4. Learn to control emotions
A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.
5. Automate your processes
I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.
6. Keep it simple.
Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.
I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.
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