A wealth tax would raise badly-needed revenue. More importantly, it could reduce the fortunes—and power—of billionaires
In 2008, just after the election of Barack Obama, the two of us were trying to peddle an idea for a book decrying the rise of billionaires. A New York publisher told us he loved our proposal but it came too late. With Obama’s election, he said, the super-rich would soon be hit by steep taxes that would start depleting their fortunes. Their day in the sun was done.
Ace researchers dropped two blockbuster reports on us last week. The first — from the UN Intergovernmental Panel on Climate Change, the IPCC — hit on Monday with a worldwide thunderclap.
On August 16, 2021 President Biden addressed the nation to explain why the US military is pulling out of Afghanistan. To a lesser extent, he also tried to explain why the Afghan government and its 300,000 military forces imploded over the past weekend. With the Afghan State’s quick disappearing act, in a puff of smoke up went as well the more than $1 trillion spent by the US in Afghanistan since 2001.
Biden glossed over the real answer to the first point why the US is now pulling out. The second he never really answered.
Climate inaction was never really about denial. Rich countries just thought poorer countries would bear the brunt of the crisis.
MANY PEOPLE HERE think they are safe from climate change, the journalist from a German newspaper explained to me. They don’t see it as an immediate threat, like Covid-19. They see the Greens as scolds who want to take away their cheap holidays. “What do you have to say to them?”
The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as the United States, Saudi Arabia, and Russia have clung to their prodigious oil and gas industries to varying degrees, China has gone all-in on establishing their own energy security and independence, a large portion of which will soon be sourced from clean energy resources.
From Oregon in the United States, to Antalya and Bodrum in Turkey, to some of the coldest areas of Siberia, in the last month wildfires have been devastating thousands of acres amidst temperatures above 40°C. The flip side of this has been simultaneously catastrophic floods in Germany and China. As this article was being prepared, wildfires threatened to ignited huge coal stocks at the Milas power station in Turkey.
Hokkaido facility to churn out enough clean fuel for 10,000 vehicles
TOKYO -- Japan's largest hydrogen plant powered by offshore wind energy is set to open on the northern island of Hokkaido as part of a national effort to slash carbon dioxide emissions.
Scheduled to begin operation as early as the year ending March 2024, the plant will produce up to roughly 550 tons of hydrogen a year -- enough to fuel more than 10,000 hydrogen vehicles, according to plans.
IPCC says gas, produced by farming, shale gas and oil extraction, playing ever-greater role in overheating planet
Cutting carbon dioxide is not enough to solve the climate crisis – the world must act swiftly on another powerful greenhouse gas, methane, to halt the rise in global temperatures, experts have warned.
