Friday, December 11, 2015

Fighting climate change should not be an opportunity for pork barrel politicking by NGOs

Initiatives to better the environment or fight climate change is something serious enough, and need to be that and nothing more. These should not be taken as an opportunity for pork barrel politics, like for all types of NGOs to hang on to it their special wishes and issues.

The more pork that is added the lesser the chance of reaching a global consensus.

Wednesday, September 23, 2015

The #VW #Volkswagen emission control conundrum

Note: Not one single of the comments that follows is intended to diminish in any way or form the responsibility of Volkswagen for an incredibly unethical and criminal behavior. And of course Martin Winterkorn the CEO, as well as many other of Volkswagen must resign, even if not indicted by any malfeasance. Otherwise the not knowing what others were doing, could become a CEO’s and others prime responsibility... BUT:

How on earth did not emission controllers discover it all earlier?... after 11 million cars?... is there no real road driving control on each year models?... or did they have a software for that to.

We might have to be thankful for these treacherous/criminal (though quite ingenious) programmers since now the whole system of controlling emission might be revised in time. 

Of course those responsible in Volkswagen should be fired and probably put in jail... but And what about those 11 million cars’ emission controllers fooled... should they not resign and at least be publicly shamed too? 

Frankly, with emission controllers like these, global warming seems so much real and so much closer... and we're toast.  

Where can I find an emission control App, so that I do not have to pay emission control inspectors for a shoddy job?

PS. Perhaps Paris should have a little tête-à-tête with Volkswagen about what to do about embarrassing pollution ratings J

PS. If any little shady car manufacturer had come up with this in order to trick his local emission controllers, few would have taken much notice… but, for Volkswagen to do this in Europe, gosh that is indeed a potent signal! Thanks VW J

PS. Anyone who imposes regulations that can be gamed is the wrongdoer's best friend.

PS. Volkswagen turned EU's binding emission targets' control, which could be gamed, into a competitive advantage You developers of UN’s Sustainable Development Goals' the SDGs' controlling instruments... consider yourself having been clearly warned.

Feeling embarrased and sad... for the bug L

Friday, June 19, 2015

Is the Catholic Church now telling the Lutheran Church: “Thou shall not sell carbon emission indulgences”?

In the Encyclical Letter LAUDATO SI’ Pope Francis writes:

"171. The strategy of buying and selling “carbon credits” can lead to a new form of speculation which would not help reduce the emission of polluting gases worldwide. This system seems to provide a quick and easy solution under the guise of a certain commitment to the environment, but in no way does it allow for the radical change which present circumstances require. Rather, it may simply become a ploy which permits maintaining the excessive consumption of some countries and sectors."

For many years I have argued that “carbon credits” are like the indulgences sold by the Catholic Church for the forgiveness of sins, and which Martin Luther protested. And these carbon credits are currently much promoted by Germany.

So, in a strange twist of history, it now would seem the Catholic Church is telling the Lutheran Church “Thou shall not sell carbon emission indulgences”

Saturday, April 18, 2015

My proposal for this Earth Day 2015

Stop using purposeless, dangerous and silly credit-risk weighted equity requirements for banks, those which allow banks to earn higher risk adjusted returns on equity when lending to those perceived as safe than when lending to "the risky", like the SMEs and the entrepreneurs.

Purposeless: because major bank crises never ever result from excessive exposures to what is perceived as “risky” but always from excessive exposures to what was erroneously perceived as “absolutely safe”. 

Dangerous: because that completely distorts the allocation of bank credit to the real economy.

Silly: because why on earth should we taxpayers lend our support to banks if their only goal is to act as safe mattresses to stash away money in. Better to build a super-safe storage facility then.

Unjust and contrary to financial inclusion as they impede fair access to bank credit of "the risky", thereby killing opportunities and increasing the inequalities.

SO, begin using more purposeful potential of planet-earth sustainability, job generation and poverty reduction weighted equity requirements for banks. Why not equity requirements for banks based on DSGs and MDGs weights?

That way our banks will earn their highest risk adjusted returns on equity when financing what is deemed useful for the society.

That way it makes sense for us taxpayers to lend our banks the support they need, in order for these to take the astute risks we need for the world to move forward in a sustainable way generating jobs and poverty reduction.

Who shall you tell about this proposal? All bank regulators starting by the Basel Committee for Banking Supervision and the Financial Stability Board; and to multinational entities such as the UN, IMF, and World Bank.

If they do not listen to you, at least force them to explain their support for the current mind-boggling  stupid portfolio invariant credit-risk weighted equity requirements. 

Wednesday, August 20, 2014

If you do not want the earth to be toast, do not put it in the hands of a Basel Committee against Global Warming Supervision.

I just know that if what we are to do against the risk of global warming, is captured by a similar group of self-appointed experts, members of a small exclusive mutual admiration club, not accountable to anyone, like those in the Basel Committee for Banking Supervision and in the Financial Stability Board, and who made such a mess of the way how banks allocate bank credit to the real economy… well, then, pardon the pun, the earth is toast!

Saturday, April 12, 2014

Without green preachers, green besserwissers and green rent capturers, we might stand a chance of doing things right.

Any way you fight climate change I can fight better
I can fight climate change better than you
No, you can’t
Yes, I can,
No, you can’t
Yes, I can,
No, you can’t
Yes I can, Yes I can, Yes I can!!!!!