#Climate forcing

[jonathantrapman]

Dead Birds Never Fall Out of Their Nests

Dead Birds Never Fall Out of Their Nests

So the Prince of Wales, aka Willy Royal meets with All Time Forgetter, Joey Bidet against a background of faceless urbanage that they will tell you is somewhere in the Great State of America. This solemn occasion is meant to start a whole conversation about fighting against climate change. How an upper crust toff who has little desire for looking after his relationship with damning imbalance in…

[paintpanic]

Malevolent gods

Are better than none

[ganondoodle]

the company i work for decided that its switching from the german formal "You"(Sie) to the informal "you" (Du) in all of our websites so now we have to scour the entire database to change it and i quite frankly hate that, not just bc the unecessary extra work but especially bc its such a weird and unecessary change

i bet its bc everything here is getting englishfied (both literally and culturally it feels like, when my new boss talks its half in english bc every second german word is just replaced by an english one despite there being perfectly fine words for it in german too, its so annoying) and bc they want to sound more personal in hopes of getting more clients bc 'company is your fwiend uwu!!', i know this here is the amercian tm site so you wouldnt understand really but i do not want to be greeted with 'du' by companies, no, thats too personal, you dont know me and im not giving you my data, stay away!!

i guess thats how i would describe it .. the formal you is like a polite distance, like someone you dont know staying outside your personal space, but when its the informal 'you' it feels invasive unless i told you you can call me that, and that goes double for companies

maybe its a small thing that doesnt seem important but i cant stand it, im just a little part time worker doing data work so i got no say in it but the companies founder also announced hes giving his post to his kids some time ago so ...... since then theres been alot of changes and new projects that solely aim to imitate whats popular and whats done by other companies, despite ours being one that is, or used to be, intentionally different, like, that was the POINT, but i guess chasing trends is just too appealing for CEOs

[you-need-not-apply]

REBLOG THIS TO TELL CLIMATE CHANGE DENIERS TO GET THE HECK OFF YOUR BLOG

[pumpumdemsugah]

I hope this goes somewhere soon

[mostlysignssomeportents]

Insurance companies are making climate risk worse

Tomorrow (November 29), I'm at NYC's Strand Books with my novel The Lost Cause, a solarpunk tale of hope and danger that Rebecca Solnit called "completely delightful."

Conservatives may deride the "reality-based community" as a drag on progress and commercial expansion, but even the most noxious pump-and-dump capitalism is supposed to remain tethered to reality by two unbreakable fetters: auditing and insurance:

https://en.wikipedia.org/wiki/Reality-based_community

No matter how much you value profit over ethics or human thriving, you still need honest books – even if you never show those books to the taxman or the marks. Even an outright scammer needs to know what's coming in and what's going out so they don't get caught in a liquidity trap (that is, "broke"), or overleveraged ("broke," again) exposed to market changes (you guessed it: "broke").

Unfortunately for capitalism, auditing is on its deathbed. The market is sewn up by the wildly corrupt and conflicted Big Four accounting firms that are the very definition of too big to fail/too big to jail. They keep cooking books on behalf of management to the detriment of investors. These double-entry fabrications conceal rot in giant, structurally important firms until they implode spectacularly and suddenly, leaving workers, suppliers, customers and investors in a state of utter higgeldy-piggeldy:

https://pluralistic.net/2022/11/29/great-andersens-ghost/#mene-mene-bezzle

In helping corporations defraud institutional investors, auditors are facilitating mass scale millionaire-on-billionaire violence, and while that may seem like the kind of fight where you're happy to see either party lose, there are inevitably a lot of noncombatants in the blast radius. Since the Enron collapse, the entire accounting sector has turned to quicksand, which is a big deal, given that it's what industrial capitalism's foundations are anchored to. There's a reason my last novel was a thriller about forensic accounting and Big Tech:

https://us.macmillan.com/books/9781250865847/red-team-blues

But accounting isn't the only bedrock that's been reduced to slurry here in capitalism's end-times. The insurance sector is meant to be an unshakably rational enterprise, imposing discipline on the rest of the economy. Sure, your company can do something stupid and reckless, but the insurance bill will be stonking, sufficient to consume the expected additional profits.

But the crash of 2008 made it clear that the largest insurance companies in the world were capable of the same wishful thinking, motivated reasoning, and short-termism that they were supposed to prevent in every other business. Without AIG – one of the largest insurers in the world – there would have been no Great Financial Crisis. The company knowingly underwrote hundreds of billions of dollars in junk bonds dressed up as AAA debt, and required a $180b bailout.

Still, many of us have nursed an ember of hope that the insurance sector would spur Big Finance and its pocket governments into taking the climate emergency seriously. When rising seas and wildfires and zoonotic plagues and famines and rolling refugee crises make cities, businesses, and homes uninsurable risks, then insurers will stop writing policies and the doom will become undeniable. Money talks, bullshit walks.

But while insurers have begun to withdraw from the most climate-endangered places (or crank up premiums), the net effect is to decrease climate resilience and increase risk, creating a "climate risk doom loop" that Advait Arun lays out brilliantly for Phenomenal World:

https://www.phenomenalworld.org/analysis/the-doom-loop/

Part of the problem is political: as people move into high-risk areas (flood-prone coastal cities, fire-threatened urban-wildlife interfaces), politicians are pulling out all the stops to keep insurers from disinvesting in these high-risk zones. They're loosening insurance regs, subsidizing policies, and imposing "disaster risk fees" on everyone in the region.

But the insurance companies themselves are simply not responding aggressively enough to the rising risk. Climate risk is correlated, after all: when everyone in a region is at flood risk, then everyone will be making a claim on the insurance company when the waters come. The insurance trick of spreading risk only works if the risks to everyone in that spread aren't correlated.

Perversely, insurance companies are heavily invested in fossil fuel companies, these being reliable money-spinners where an insurer can park and grow your premiums, on the assumption that most of the people in the risk pool won't file claims at the same time. But those same fossil-fuel assets produce the very correlated risk that could bring down the whole system.

The system is in trouble. US claims from "natural disasters" are topping $100b/year – up from $4.6b in 2000. Home insurance premiums are up (21%!), but it's not enough, especially in drowning Florida and Texas (which is also both roasting and freezing):

https://grist.org/economics/as-climate-risks-mount-the-insurance-safety-net-is-collapsing/

Insurers who put premiums up to cover this new risk run into a paradox: the higher premiums get, the more risk-tolerant customers get. When flood insurance is cheap, lots of homeowners will stump up for it and create a big, uncorrelated risk-pool. When premiums skyrocket, the only people who buy flood policies are homeowners who are dead certain their house is gonna get flooded out and soon. Now you have a risk pool consisting solely of highly correlated, high risk homes. The technical term for this in the insurance trade is: "bad."

But it gets worse: people who decide not to buy policies as prices go up may be doing their own "motivated reasoning" and "mispricing their risk." That is, they may decide, "If I can't afford to move, and I can't afford to sell my house because it's in a flood-zone, and I can't afford insurance, I guess that means I'm going to live here and be uninsured and hope for the best."

This is also bad. The amount of uninsured losses from US climate disaster "dwarfs" insured losses:

https://www.reuters.com/business/environment/hurricanes-floods-bring-120-billion-insurance-losses-2022-2023-01-09/

Here's the doom-loop in a nutshell:

As carbon emissions continue to accumulate, more people are put at risk of climate disaster, while the damages from those disasters intensifies. Vulnerability will drive disinvestment, which in turn exacerbates vulnerability.

Also: the browner and poorer you are, the worse you have it: you are impacted "first and worst":

https://www.climaterealityproject.org/frontline-fenceline-communities

As Arun writes, "Tinkering with insurance markets will not solve their real issues—we must patch the gaping holes in the financial system itself." We have to end the loop that sees the poorest places least insured, and the loss of insurance leading to abandonment by people with money and agency, which zeroes out the budget for climate remediation and resiliency where it is most needed.

The insurance sector is part of the finance industry, and it is disinvesting in climate-endagered places and instead doubling down on its bets on fossil fuels. We can't rely on the insurance sector to discipline other industries by generating "price signals" about the true underlying climate risk. And insurance doesn't just invest in fossil fuels – they're also a major buyer of municipal and state bonds, which means they're part of the "bond vigilante" investors whose decisions constrain the ability of cities to raise and spend money for climate remediation.

When American cities, territories and regions can't float bonds, they historically get taken over and handed to an unelected "control board" who represents distant creditors, not citizens. This is especially true when the people who live in those places are Black or brown – think Puerto Rico or Detroit or Flint. These control board administrators make creditors whole by tearing the people apart.

This is the real doom loop: insurers pull out of poor places threatened by climate disasters. They invest in the fossil fuels that worsen those disasters. They join with bond vigilantes to force disinvestment from infrastructure maintenance and resiliency in those places. Then, the next climate disaster creates more uninsured losses. Lather, rinse, repeat.

Finance and insurance are betting heavily on climate risk modeling – not to avert this crisis, but to ensure that their finances remain intact though it. What's more, it won't work. As climate effects get bigger, they get less predictable – and harder to avoid. The point of insurance is spreading risk, not reducing it. We shouldn't and can't rely on insurance creating price-signals to reduce our climate risk.

But the climate doom-loop can be put in reverse – not by market spending, but by public spending. As Arun writes, we need to create "a global investment architecture that is safe for spending":

https://tanjasail.wordpress.com/2023/10/06/a-world-safe-for-spending/

Public investment in emissions reduction and resiliency can offset climate risk, by reducing future global warming and by making places better prepared to endure the weather and other events that are locked in by past emissions. A just transition will "loosen liquidity constraints on investment in communities made vulnerable by the financial system."

Austerity is a bad investment strategy. Failure to maintain and improve infrastructure doesn't just shift costs into the future, it increases those costs far in excess of any rational discount based on the time value of money. Public institutions should discipline markets, not the other way around. Don't give Wall Street a veto over our climate spending. A National Investment Authority could subordinate markets to human thriving:

https://democracyjournal.org/arguments/industrial-policy-requires-public-not-just-private-equity/

Insurance need not be pitted against human survival. Saving the cities and regions whose bonds are held by insurance companies is good for those companies: "Breaking the climate risk doom loop is the best disaster insurance policy money can buy."

I found Arun's work to be especially bracing because of the book I'm touring now, The Lost Cause, a solarpunk novel set in a world in which vast public investment is being made to address the climate emergency that is everywhere and all at once:

https://us.macmillan.com/books/9781250865939/the-lost-cause

There is something profoundly hopeful about the belief that we can do something about these foreseeable disasters – rather than remaining frozen in place until the disaster is upon us and it's too late. As Rebecca Solnit says, inhabiting this place in your imagination is "Completely delightful. Neither utopian nor dystopian, it portrays life in SoCal in a future woven from our successes (Green New Deal!), failures (climate chaos anyway), and unresolved conflicts (old MAGA dudes). I loved it."

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/11/28/re-re-reinsurance/#useless-price-signals

[mindblowingscience]

The climate crisis is hitting home with more frequent extreme weather events. Companies, particularly those in high-emission industries, are major contributors to global carbon emissions, therefore making them key players in the fight against climate change. Recognizing this responsibility, many businesses are now taking proactive measures to reduce their carbon footprint, by reducing carbon emissions and transparently sharing their environmental strategies and data.

Continue Reading.

[mayasaura]

I just want to talk about the nursery being painted and the purpose of the Tomb to be without a door. Anastasia had a family - and putting to the side the pact with Alecto there's some implicit symbolism to John asking for the workers of the Ninth to die constructing the Tomb with that image of new life. (Still can't articulate my disbelief that he went and didn't think that asking Anastasia of all people, The one who lost her cavalier to him, would have problems)

Yeah. Especially finding this out about the Ninth, where nurseries becoming tombs is a thing we're sensitive about.

On one level we've always known Anastasia had a family. Like, we know she's Harrow's direct ancestor. You can't be heir to the line of someone who never had children. But the nursery.... Yeah. It really hammers it in. Her friends painted a nursery mint green for her children.

And now it's a tomb.

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

[sugas6thtooth]

I better see every climate activist speaking about this. Every. Single. One.

[anti-dazai-blog]

which light novels expand the bsd universe the most I wanna know

[shamballalin]

Project 2025 ~ IMPORTANT FACTS TO KNOW

Everyone needs to read and understand this post if you intend to vote in the upcoming Presidential election. Do not allow others to hide this information from you. On page 246 of the conservative mandate, it says that to support funding for PBS or other public funded news sources is “squandering” money on “leftist opinions” and should be stopped because, “as Jefferson put it, ‘To compel a man to…

[allthecanadianpolitics]

Canada aims to add more satellites to its flagship Earth observation program "as soon as possible" thanks to a fresh funding infusion, a senior space official said in an exclusive interview. The Canadian Space Agency (CSA) will receive substantial new government funding to extend the long-standing Radarsat satellite series, a keystone of the country's climate change strategy and international disaster response, not to mention military surveillance. The agency allocation is $1.012 billion CDN (roughly $740,000 USD) over 15 years, a substantial boost to annual spending.

Continue Reading.

Tagging: @politicsofcanada

[vintageseawitch]

i don't want to live in a brown, dead world. i love our National Parks, federal forests, & other protected, public lands. i love how green it is & having a connection to the natural world.

Project 2025 will make sure we get a brown, dead world. they don't "believe" in climate change & will gut the EPA & privatize & gut NOAA (you know how we can just, look at weather info for free? lol it won't be anymore!). they want to sell public lands & strip them of their numerous resources. their solution for the ever increasing dangerous forest fires is to CUT ALL OF OUR TREES DOWN. they also want to drill MORE specifically in the fragile Arctic.

trump said climate change will give us MORE land even with all the evidence that the ocean level is rising. he's a dangerous moron.

certain people voting or not voting depending on their "principles" don't usually seem to want to talk about how climate change is dangerous to ALL humans & not just Americans. we're at a dangerous point. if they choose to make things worse we will never be able to recover. they are actively wanting to kill ALL of us. this election is not normal. do YOU want to live in a brown, dead world? because if you're fighting to make sure Harris loses, then you're merely advocating for these greedy psychopaths. your "principles" when looked at from this perspective just makes it sound like your ego. if we don't have a planet we can live on then no one will be saved.

don't stop talking about Project 2025 or Agenda 47. they're the same plan & trump's real policies. please check your registration status often. encourage friends & family. make a day of it to vote early if possible! if you're not registered on election day, request an absentee ballot! we can do this. vote blue! ladies, especially white ladies who are even considering this: you can do this. your vote is private. stay safe. i believe in us 💙

[bunnihearted]

the earth is getting hotter and hotter and nobody's doing anything about it but im misanthropic and depressive because i can see nothing that inspires hope 🤙

[arolesbianism]

While I’m still rainword brained I decided to finally make some concept doodles for my ancients hcs! These guys are all just random designs I made up on the spot but I do quite like them, so who knows maybe I’ll make them proper ocs at some point