5/5/12 and 6/5/12: Climate Change and the Financialization of Nature
Through coordinated actions this weekend, activists will be Connecting the Dots between climate change and the severe weather, droughts and sea level rise that communities are already experiencing. A project of 350.org, led by climate activist Bill McKibben, the May 5 Day of Action will be happening mere weeks before the United Nations Conference on Sustainable Development, also known as Rio+20—where global leaders will meet to make commitments towards carbon reductions 20 years after the UN’s first Conference on Sustainable Development. They will also use the opportunity of the multilateral forum to map out the so-called “green economy."
That’s where 6/5/12 comes in.
There is an urgent need for communities around the world to send a message to their elected officials participating in Rio+20: We want a truly green economy, not a greenwashed economy. We want an economy that supports communities, not multinational corporations. And we want an economy that upholds our common resources like water as a public trust, not a commodity, and recognizes the human right to water.
That’s why June 5 is another day of action here in the U.S.: A day to tell our government to get Wall Street out of Rio. The Rio+20 “green economy” agenda is being driven by interests that seek to privatize nature by further deregulating industry and handing our common resources over to companies for profit. It is part of a push to give each aspect of nature a monetary value, thus locking natural resources management into the vagaries of the market for generations to come.
How do we know this is the plan for our essential resources? The United Nations Environment Program’s Green Economy report, a seminal tool in advancing sustainable development, was authored by a career banker from Deutsche Bank. UNEP states in its Ecosystem Management report that “UNEP collaborates with international financial institutions to develop methods of integrating ecosystem services into their global and national strategies and operations.”
Here’s what the Chief Economist at Citigroup, Willem Buiter, envisions for water:
I expect to see a globally integrated market for fresh water within 25 to 30 years. Once the spot markets for water are integrated, futures markets and other derivative water-based financial instruments—puts, calls, swaps—both exchange-traded and OTC will follow. There will be different grades and types of fresh water, just the way we have light sweet and heavy sour crude oil today. Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.
Many economists and market-oriented environmentalists have bought into the notion that we should let the market decide when it comes to pricing water and putting a price on pollution, noting that the higher the cost, the more wisely people will use water and the less likely corporations will be to pollute. But pricing water higher for a public resource that has no substitution and that is essential for human life will only price out the poorest. Likewise, pollution trading is, simply, paying for the right to pollute. It does nothing to stop pollution like good old-fashioned regulation. It’s a way to let corporations continue to use and abuse our essential resources, business as usual.
Privatization and market-based mechanisms like water markets and pollution trading are not a part of a truly green economy. It is the financialization of nature. And if Citibank’s vision for water comes to fruition, water will be traded in the same fashion as bad mortgages. But we can’t afford a mortgage crisis for water.
Sign up to learn more about our June 5 day of action to tell the U.S. not to sell out nature to Wall Street at Rio+20.
For more information, click here.
In a dramatic rescue captured on camera, a Florida man ran into a pond and pried open an alligator's mouth in order to rescue his beloved puppy, all without dropping his cigar.
- 'He had green eyes': Florida man will paint alligator that attacked him ›
- Florida alligator attack: A woman was attacked by a 10-foot alligator ... ›
- Weird presidential pets include alligator, tiger cub, dog named Satan ... ›
- Alligators make terrible pets: 'You're basically dealing with a dinosaur.' ›
EcoWatch Daily Newsletter
Jean-Marc Neveu and Olivier Civil never expected to find themselves battling against disposable mask pollution.
When they founded their recycling start-up Plaxtil in 2017, it was textile waste they set their sights on. The project developed a process that turned fabrics into a new recyclable material they describe as "ecological plastic."
Mounting Piles of Waste<p>It is not only the streets of Chatellerault where pandemic pollution is piling-up, but also the world's beaches and oceans. Once there, they can take up to 450 years to degrade and disappear.</p><p>Esther Röling, co-organizer of the annual Adventure Clean Up Challenge held on Hong Kong Island, has seen this waste firsthand. In October the sports challenge pitted teams against one another in a competition to remove trash from 13 hard-to-reach coastal areas around the city.</p><p>They find tons of both disposable and reusable masks, said Röling. "You wonder how it ended up there. Was it just thrown on the ground? Or was it in a garbage bag that broke open?"</p><p>Almost 10,000 kilometers away in Antibes on the sunny French Riviera, it's a similar picture. For the past few months, divers and clean-up volunteers working with an ocean clean-up non-profit called Operation Mer Propre have been collecting an increasing number of masks found on land and in the sea.</p><p>"Since the beginning of the lockdown when we started to count, we've reached 800, 900, [and now in total] 1000 masks," said co-founder Joko Peltier. </p><p>According to <a href="https://unctad.org/news/growing-plastic-pollution-wake-covid-19-how-trade-policy-can-help" target="_blank">UN estimates</a>, up to 75% of all coronavirus-related plastic could end up as waste in oceans and landfills.</p>
The Limits of Recycling<p>Yet not all are convinced the recycling of this waste is possible on a global scale. </p><p>"What those citizen groups are doing is really beneficial but once they collect it, it should just go to a landfill or an incinerator. They shouldn't necessarily expect it to get recycled," said Jonathan Krones, an industrial ecologist and visiting assistant professor of environmental studies at Boston College.</p><p>That's because mask recycling programs like Plaxtil are few and far between and most don't have the benefit of a readily adaptable production process. </p><p>Even in countries with solid recycling infrastructure, he says, the system is designed to separate out specific types of waste like bottles or cardboard.</p><p>"I imagine that it would be technically feasible to develop a separation process to filter out masks, but there simply aren't enough of them to make that economical," he said.</p><p>Collection is a big hurdle, he adds. Since each mask only weighs a fraction of a gram and they're scattered on roads or mixed with other trash, it is difficult and costly. </p><p>"You need a lot of raw material of the right quality to make investing in the recycling technology and the recycling system worthwhile," he said.<span></span><br></p>
Hemp, Sugar Cane and Sustainable Alternatives<p>Some projects are instead addressing the material used to make masks.</p><p>French company Geochanvre have created a mask made primarily from hemp, while in Australia, researchers at the Queensland University of Technology are experimenting with a disposable product made from agricultural waste. </p><p>Biodegradable options are exciting alternatives to reduce the fossil fuels needed for the creation of plastic-based masks, said Krones, but they don't absolve the wearer from the responsibility of what happens afterwards. </p><p>Bio-based masks often need their own composing solutions, he explains, because in landfill they can produce high amounts of the greenhouse gas methane when anaerobic bacteria feeds on the organic material. Methane is known to be significantly more potent than carbon dioxide.</p><p>"I think as long as we have in our mind that we want to have disposability, we're going to have to wrestle with a variety of different sorts of environmental tradeoffs," he said, adding that reusable, fabric masks are the best option available to most people.</p><p>Precimask is developing a clear face covering with an optional visor made from hard plastic, designed to be long-lasting.<br></p><p>Air enters either side of the cheeks through a technology normally found in pool filters and car exhaust systems, said company spokeswoman Juliette Chambet.</p><p>"We wanted to make ceramic-based filters that would be washable and cleanable, which would allow them to be reused as many times as desired without having to buy a new consumable or produce waste," she said. </p><p>Ultimately, encouraging mask wearers to think about the entire lifecycle of a mask is key, explains Neveu. </p><p>"We want people who put on the masks to realize that they are also responsible for the waste, he said. "It's not inevitable that this [pandemic] will become an environmental catastrophe.</p><p><em>Reposted with permission from </em><em><a href="https://www.dw.com/en/covid-19-recycling-pollution-trash-pandemic/a-55707817" target="_blank">Deutsche Welle</a>.</em><a href="https://www.ecowatch.com/r/entryeditor/2649032193#/" target="_self"></a></p>
- Coronavirus Plastic Waste Polluting the Environment - EcoWatch ›
- Scuba Divers Make Face Masks out of Recycled Ocean Plastic ... ›
By Bret Wilkins
In a year in which the United States has already suffered 16 climate-driven extreme weather events causing more than $1 billion in economic damages, and as millions of American workers face loss of essential unemployment benefits due to congressional inaction, a report published Monday reveals the Trump administration has given fossil fuel companies as much as $15.2 billion in direct relief — and tens of billions more indirectly — through federal COVID-19 recovery programs since March.
- 'We Need People's Bailout, Not Polluters' Bailout': Climate Groups ... ›
- Corporate Polluters Have Received Tens of Millions in PPP Loans ... ›
- Trump Bails Out Oil Industry, Not U.S. Families, as Coronavirus ... ›
- Former Federal Reserve Governor Rebukes Fed for Fossil Fuel Bail ... ›
By Ashia Aubourg
As Thanksgiving approaches, some Indigenous organizations and activists caution against perpetuating further injustices towards Native communities. Indigenous activist Mariah Gladstone, for example, encourages eaters to celebrate the harvest time in ways that do not involve stereotypes and pilgrim stories.
- Why Face Masks Belong at Your Thanksgiving Gathering + 7 Things ... ›
- Reasons to Be Thankful — 8 Food and Farm 'Good News' Stories ... ›
- Why I'm Going to Standing Rock for Thanksgiving - EcoWatch ›
By Alex Middleton
Losing weight and reducing fat is a hard battle to fight. Thankfully, there are fat burner supplements that help you gain your target body and goal. However, how would you know which supplement is right for you?