#Energy Sector Trends

[sgrji]

Exxon Mobil Corporation: Shaping the Energy Landscape with Innovation and Sustainability

Exxon Mobil Corporation, a global energy conglomerate, ranks among the world’s leading publicly traded energy companies. Renowned for its extensive presence in oil, gas, and petrochemical industries, Exxon’s operations span exploration, production, refining, and distribution. With a legacy dating back over a century, the company is recognized for its technological innovations and substantial…

[bitcoinversus]

Global Electricity Prices Averaged 0.162 per kWh in March 2024

In March 2024, the average global electricity price stood at USD 0.162 per kilowatt-hour (kWh) for residential users and USD 0.181 per kWh for businesses. Europe reported the highest residential electricity prices at USD 0.228 per kWh, while Asia had the lowest at USD 0.082 per kWh. The International Energy Agency (IEA) forecasts a 3.4% annual increase in global electricity demand through 2026,…

[trader-sg112]

Market Overview: Mixed Movements Amidst AI Concerns and Earnings Reports

In a turbulent day for U.S. stock markets, the Dow Jones Industrial Average declined by 234 points, or 0.60%, while the S&P 500 and NASDAQ Composite also faced setbacks, falling by 0.7% and 1%, respectively. The downturn was largely driven by mounting concerns over the slowing momentum in artificial intelligence (AI) technologies, which prompted a sell-off in semiconductor stocks.

AI Concerns Weigh on Chip Stocks

The tech sector, particularly chip stocks, experienced significant pressure. Leading the decline were NVIDIA Corporation (NASDAQ: NVDA), Broadcom Inc (NASDAQ: AVGO), and Wolfspeed Inc (NYSE: WOLF), all of which saw their share prices drop by approximately 2%. The apprehension surrounding AI's slowing progress has rattled investors, leading to a broader sell-off in the semiconductor industry.

Energy Sector Shows Resilience

Amidst the broader market decline, the energy sector displayed notable strength. Targa Resources Inc (NYSE: TRGP), Williams Companies Inc (NYSE: WMB), and Devon Energy Corporation (NYSE: DVN) were among the top gainers. Devon Energy, in particular, saw its stock rise following quarterly results that exceeded Wall Street's expectations. This positive performance highlights the sector's resilience despite the overall market volatility.

Major Stock Movements

Walt Disney (NYSE: DIS): Disney's stock fell sharply by 4%, reflecting ongoing concerns about the company’s performance and future prospects.

Shopify (NYSE: SHOP): Contrasting the general trend, Shopify's shares soared nearly 18%, driven by positive developments and investor optimism about its growth potential.

Airbnb (NASDAQ: ABNB): On the other end of the spectrum, Airbnb's stock dropped 13%, influenced by recent market challenges and potentially disappointing financial metrics.

S&P 500 Earnings Resilience

Despite the recent negative price action and growing recession fears, the earnings resilience of the S&P 500 remains a key highlight. The index's earnings have shown a level of robustness, which could offer some reassurance to investors amidst the current market volatility.

In summary, the market's recent performance underscores the complexity of current economic conditions. While AI concerns and specific sector movements have contributed to market declines, there are areas of strength and resilience, particularly in the energy sector and select stocks like Shopify. As always, investors should stay informed and consider these factors when making decisions.

[electronalytics]

Industrial Miniature Circuit Breakers Market Geographical Expansion & Analysis Growth Development, Status, Recorded during 2017 to 2032

MCB and MCCB Market Projected to Reach USD 12.96 billion, at a 7.5% CAGR by 2030

Trends:

Several trends are shaping the industrial MCBs market:

• Growing IoT and automation adoption: Reliable circuit protection devices are needed since IoT and automation technologies are increasingly being used in industrial operations. Industrial MCBs are crucial parts of automated systems because they protect against electrical problems and improve the general security and effectiveness of industrial processes.

• There is a demand for intelligent and connected solutions, and industrial MCBs are evolving to include these features. This makes it possible to remotely monitor, diagnose, and operate electrical systems, which increases the effectiveness of maintenance and troubleshooting. The demand for intelligent industrial MCBs is being driven by the movement towards smart manufacturing and Industry 4.0.

Key Factors:

Several key factors are influencing the growth of the industrial MCBs market:

• Industrialization and infrastructure development: The need for industrial MCBs is being driven by continuing industrialization and infrastructure development initiatives around the world. To protect their electrical systems and equipment, industries like manufacturing, construction, oil & gas, and power generation need trustworthy circuit protection solutions.

• Safety and compliance rules: Reliable circuit protection devices are required in industrial contexts due to strict safety regulations and standards. Industrial MCBs offer an essential layer of defence against electrical problems, guaranteeing adherence to safety regulations and preventing accidents.

• Growth of electrical infrastructure: The need for industrial MCBs is driven by the growth of the electrical infrastructure, which includes substations, distribution networks, and data centres. Within these infrastructure projects, these circuit breakers are employed to protect and regulate electrical circuits.

In conclusion, developments like automation, IoT integration, energy efficiency, and the adoption of renewable energy sources have an impact on the market for industrial MCBs. The market's expansion is primarily being driven by industrialisation, safety requirements, the expansion of the electrical infrastructure, and the retrofit/replacement market. In order to satisfy the changing needs of industrial customers, manufacturers and suppliers should align their product lines with these trends and considerations.

Referrals to our Stringent datalytics company, trade journals, and websites that focus on market reports are encouraged. These sources frequently include thorough research, market trends, growth projections, competition analysis, and other insightful information about this market.

You can investigate the availability of particular reports linked to this market by going to our website or getting in touch with us directly. These reports frequently need to be purchased or subscribed to, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

“Remember to look for recent reports to ensure you have the most current and relevant information.”

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Market Segmentations:

Global Industrial Miniature Circuit Breakers Market: By Company

• Kevilton Electrical Products

• Elmark

• Britec Electric

• R. STAHL EX-PROOF

• Siemens

• ABB

• Camsco Electric

• Iskra

• Dongguan Keiyip Electrical Equipment

• Schneider Electric

• China Suntree Electric

• Wenzhou korlen electric appliances

• Legrand

• Finolex

• Hager

• Eaton

Global Industrial Miniature Circuit Breakers Market: By Type

• B-MCB

• C-MCB

• D-MCB

Global Industrial Miniature Circuit Breakers Market: By Application

• Achitechive

• Power Industry

• Other

Global Industrial Miniature Circuit Breakers Market: Regional Analysis

The regional analysis of the global Industrial Miniature Circuit Breakers market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Industrial Miniature Circuit Breakers market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Industrial Miniature Circuit Breakers in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Industrial Miniature Circuit Breakers in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Industrial Miniature Circuit Breakers in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Industrial Miniature Circuit Breakers in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

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[greenthestral]

The Green Revolution: Exploring the Disruptive Technologies Shaping the Future of the Green Economy

In today's rapidly evolving world, the urgency to address climate change and environmental degradation has propelled the concept of a green economy to the forefront of global discussions. As businesses, governments, and individuals recognize the need for sustainable solutions, disruptive technologies have emerged as key drivers of change. These groundbreaking innovations are reshaping traditional industries, revolutionizing energy production and consumption, transforming resource management, and paving the way for a more sustainable future.

The green economy encompasses a wide range of sectors, including renewable energy, waste management, sustainable agriculture, and green transportation. Within each of these sectors, disruptive technologies are playing a pivotal role in disrupting existing practices and opening up new possibilities.

One of the most significant areas where disruptive technologies are making an impact is renewable energy. Solar power, wind energy, and hydropower have long been recognized as viable sources of clean energy. However, recent advancements have propelled these technologies to new heights of efficiency and cost-effectiveness. The development of highly efficient solar panels, innovative wind turbine designs, and sophisticated energy storage systems has significantly enhanced the feasibility of renewable energy sources. Moreover, emerging technologies such as tidal and geothermal energy hold great promise in harnessing previously untapped sources of renewable power.

The intermittent nature of renewable energy sources has traditionally been a challenge for their widespread adoption. However, disruptive technologies are addressing this limitation through energy storage solutions. Advancements in energy storage technologies, such as lithium-ion batteries, flow batteries, and hydrogen storage systems, are unlocking the full potential of renewables. These technologies not only enhance grid stability but also enable the integration of renewable energy into existing infrastructure, reducing dependence on fossil fuels and accelerating the transition to a greener energy mix.

The transformation of energy management and distribution is another area where disruptive technologies are reshaping the green economy. Smart grids equipped with advanced sensors, communication networks, and automation allow for real-time monitoring and control of electricity supply and demand. By optimizing energy distribution, reducing transmission losses, and integrating decentralized renewable energy sources, smart grids enhance the overall efficiency and reliability of energy systems. Furthermore, the emergence of blockchain technology has the potential to revolutionize the energy sector by enabling peer-to-peer energy trading, ensuring transparency and trust in transactions, and empowering energy consumers to actively participate in the market.

In the realm of sustainable agriculture, disruptive technologies are revolutionizing the way we grow food. Vertical farming, hydroponics, and aeroponics are transforming traditional farming methods, making agriculture more resource-efficient and less dependent on large land areas. These innovative approaches enable year-round crop cultivation, minimize water usage, and maximize productivity. Additionally, precision agriculture techniques, such as remote sensing, drones, and AI-powered analytics, optimize resource allocation, reduce environmental impact, and enhance overall crop yield.

The concept of a circular economy, where resources are used efficiently, waste is minimized, and materials are continuously recycled, is gaining momentum with the help of disruptive technologies. Advanced recycling technologies, including chemical recycling and waste-to-energy conversion, are enabling the recovery of valuable resources from waste streams. This not only reduces the strain on natural resources but also mitigates environmental pollution. Furthermore, innovations like 3D printing, which utilizes recycled materials, are revolutionizing traditional manufacturing practices, reducing waste generation, and promoting decentralized production.

Transportation, a major contributor to greenhouse gas emissions, is also undergoing a transformation driven by disruptive technologies. Electric vehicles (EVs) have gained significant traction, thanks to advancements in battery technology, increased range, and the establishment of robust charging infrastructure. The rise of autonomous vehicles and shared mobility services is revolutionizing urban transportation, reducing congestion, and optimizing energy consumption. Furthermore, the development of biofuels and hydrogen fuel cells holds promise for greener alternatives to traditional fossil fuel-based transportation.

Disruptive technologies are catalyzing a profound transformation within the green economy. From renewable energy and energy storage to sustainable agriculture, waste management, and green transportation, these innovative solutions are reshaping industries, driving economic growth, and addressing pressing global challenges. Embracing these technologies is not only an opportunity but a necessity as we strive to create a more sustainable and resilient future. By investing in and harnessing the transformative potential of disruptive technologies, we can accelerate the transition towards a greener, more sustainable world for generations to come.

The Rise of Disruptive Technology in the Green Economy

The green economy encompasses a wide range of sectors, including renewable energy, waste management, sustainable agriculture, and green transportation. Within each of these sectors, disruptive technologies are emerging as catalysts for change. These technologies are characterized by their ability to create significant shifts in existing markets, transform business models, and disrupt traditional practices. Their impact extends beyond economic considerations to encompass environmental sustainability and social progress.

Renewable Energy: Paving the Way for a Sustainable Future

Renewable energy is one of the key areas where disruptive technologies are reshaping the green economy. Solar power, wind energy, and hydropower have long been established sources of renewable energy. However, recent advancements in solar panel efficiency, wind turbine design, and energy storage systems have dramatically improved the feasibility and cost-effectiveness of these technologies. Additionally, emerging technologies like tidal and geothermal energy are showing promise in harnessing previously untapped sources of renewable power.

Energy Storage: Unlocking the Full Potential of Renewables

The intermittent nature of renewable energy sources poses a challenge to their widespread adoption. However, energy storage technologies are rapidly evolving to address this limitation. Innovations such as lithium-ion batteries, flow batteries, and hydrogen storage systems are paving the way for efficient and scalable energy storage solutions. These technologies not only enhance grid stability but also facilitate the integration of renewable energy into existing infrastructure, reducing reliance on fossil fuels and promoting a greener future.

Smart Grids and Energy Management: Revolutionizing the Power Sector

Disruptive technologies are also revolutionizing the way energy is managed and distributed. Smart grid systems, equipped with advanced sensors, communication networks, and automation, enable real-time monitoring and control of electricity supply and demand. This enables more efficient energy distribution, reduces transmission losses, and enables effective integration of decentralized renewable energy sources. Furthermore, the advent of blockchain technology has the potential to transform the energy sector by enabling peer-to-peer energy trading and ensuring transparency and trust in transactions.

Sustainable Agriculture: Growing Food for the Future

The agricultural sector is undergoing a transformation with the help of disruptive technologies. Vertical farming, hydroponics, and aeroponics are revolutionizing the way we grow crops, making agriculture more resource-efficient and less dependent on traditional farming methods. These technologies allow for year-round crop cultivation, reduce water usage, and eliminate the need for large land areas. Moreover, precision agriculture techniques, such as remote sensing, drones, and AI-powered analytics, optimize resource allocation, enhance productivity, and minimize environmental impact.

Circular Economy and Waste Management: Closing the Loop

Disruptive technologies play a pivotal role in promoting a circular economy, where resources are used efficiently, waste is minimized, and materials are continuously recycled. Advanced recycling technologies, such as chemical recycling and waste-to-energy conversion, are enabling the recovery of valuable resources from waste streams. Additionally, innovative approaches like 3D printing, which utilizes recycled materials, are reducing waste generation and enabling decentralized manufacturing. These technologies are reshaping traditional waste management practices, transforming waste into a valuable resource for creating new products and reducing environmental pollution.

Green Transportation: Journeying Towards Sustainable Mobility

The transportation sector is a significant contributor to greenhouse gas emissions. Disruptive technologies are tackling this challenge by promoting sustainable modes of transportation. Electric vehicles (EVs) are gaining momentum with advancements in battery technology, charging infrastructure, and increased range. Furthermore, autonomous vehicles and shared mobility services are revolutionizing urban transportation, reducing congestion, and optimizing energy consumption. Additionally, developments in biofuels and hydrogen fuel cells offer potential alternatives to fossil fuel-based transportation, paving the way for a greener mobility revolution.

Conclusion

The disruptive technologies within the green economy are transforming industries, economies, and societies. From renewable energy and energy storage to sustainable agriculture, waste management, and green transportation, these innovations are redefining traditional practices and offering sustainable solutions to pressing global challenges. As the urgency to address climate change intensifies, embracing and investing in these disruptive technologies is not just an opportunity but a necessity. By harnessing their transformative potential, we can accelerate the transition towards a greener, more sustainable future for generations to come.

[themarketinsights]

Downstream Property Insurance in the Energy Sector Market May Set New Growth Story | Allianz, Munich RE, Oman Insurance, Chubb

Advance Market Analytics published a new research publication on “Global Downstream Property Insurance in the Energy Sector Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Downstream Property Insurance in the Energy Sector market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

AXA SA (France), Chubb (Switzerland), Tokio Marine HCC (United States), Liberty Mutual Insurance Company (United States), Allianz (Germany), American International Group, Inc.(United States), Berkshire Hathaway, Inc(United States), Munich RE (Germany), Zurich (Switzerland), Oman Insurance Company (United Arab Emirates), Al Ain Ahlia Insurance Co. (United Arab Emirates), International General Insurance Co Ltd(Jordan), HDI Global SE(Germany)

Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/182513-global-downstream-property-insurance-in-the-energy-sector-market#utm_source=DigitalJournalVinay

Scope of the Report of Downstream Property Insurance in the Energy Sector

The downstream Energy insurance consists of businesses in power generation, electricity supply, renewable energy, oil refining, and petrochemical processing, against all risk of direct physical loss or damage to property including business interruption arising. In the energy industry, property insurance covers human life, the environment, and property from any accidents related to energy organization activities. The energy industry consists of a series of procedures, chemical reactions, and harsh and difficult working conditions which tend to increase the risk to cost-intensive property, human life, and the environment. Thus, the industry requires to be insured to cover a certain proportion of the liability in case of any accidents. Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include personal insurance, renter’s insurance, flood insurance, and earthquake insurance. According to the study, The Middle East Downstream Property Insurance in the Energy Sector market was valued at USD 1103.38 Million in 2020 and is expected to reach USD 1501.17 Million by 2026.

The Global Downstream Property Insurance in the Energy Sector Market segments and Market Data Break Down are illuminated below:

by Distribution Channel (Direct, Agency, Banks, Other), Coverage (All-risk Physical Damage, Construction and Builders’ Risk, Mechanical Breakdown and Business Interruption, Loss of Production Income, Others), End User (Renewable Energy, Oil Refining, Petrochemical Processing, Others)

Market Opportunities:

More inclination towards Digital Access and Enhanced Claim Settlings

Market Drivers:

Rising Demand for Up Surging New and Ongoing Projects

The Increasing Awareness Regarding the Insurance for Energy Industry in Developing Countries

Market Trend:

Huge Enhancement for oil and gas protection Oil and Gas

Declining Energy Prices

What can be explored with the Downstream Property Insurance in the Energy Sector Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Downstream Property Insurance in the Energy Sector Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Downstream Property Insurance in the Energy Sector

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Downstream Property Insurance in the Energy Sector Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/182513-global-downstream-property-insurance-in-the-energy-sector-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Downstream Property Insurance in the Energy Sector Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Downstream Property Insurance in the Energy Sector market

Chapter 2: Exclusive Summary – the basic information of the Downstream Property Insurance in the Energy Sector Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Downstream Property Insurance in the Energy Sector

Chapter 4: Presenting the Downstream Property Insurance in the Energy Sector Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Downstream Property Insurance in the Energy Sector market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Downstream Property Insurance in the Energy Sector Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=182513#utm_source=DigitalJournalVinay

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[dresshistorynerd]

The Real Cost of the Fashion Industry

Atacama Desert, in Alto Hospicio, Iquique, Chile. (source)

The textile industry is destroying the world. The industry is wasting massive amounts of energy and materials, and polluting the air, the ground and the water supplies. It overwhelmingly exploits it's labour and extracts wealth from colonized countries, especially in Asia. I assume we all broadly understand this, but I think it's useful to have it all laid out in front of you to see the big picture, the core issues causing this destruction and find ways how to effectively move forward.

The concerning trend behind this ever-increasing devastation are shortening of trend cycles, lowering clothing prices and massive amount of wasted products. Still in year 2000 it was common for fashion brands to have two collections per year, while now e.g. Zara produces 24 collections and H&M produces 12-16 collections per year. Clothing prices have fallen (at leas in EU) 30% from 1996 to 2018 when adjusted to inflation, which has contributed to the 40% increase in clothing consumption per person between 1996 and 2012 (in EU). (source) As the revenue made by the clothing industry keep rising - from 2017 to 2021 they doubled (source) - falling prices can only be achieved with increasing worker exploitation and decreasing quality. I think the 36% degrees times clothing are used in average during the last 15 years (source) is a clear indication on the continuing drop in quality of clothing. Clothing production doubled between 2000 and 2015, while 30% of the clothes produced per year are never sold and are often burned instead (source), presumably to prevent the returns from falling due to oversupply.

These all factors are driving people to overconsume. While people in EU keep buying more clothes, they haven't used up to 50% of the clothes in their wardrobe for over a year (source). This overconsumption is only made much worse by the new type of hyper fast fashion companies like SHEIN and Temu, which are using addictive psychological tactics developed by social media companies (source 1, source 2). They are cranking up all those concerning trends I mentioned above.

Under the cut I will go through the statistics of the most significant effects of the industry on environment and people. I will warn you it will be bleak. This is not just a fast fashion problem, basically the whole industry is engaging in destructive practices leading to this damage. Clothing is one of those things that would be actually relatively easy to make without massive environmental and human cost, so while that makes the current state of the industry even more heinous, it also means there's hope and it's possible to fix things. In the end, I will be giving some suggestions for actions we could be doing right now to unfuck this mess.

Carbon emissions

The textile industry is responsible for roughly 10% of the global CO2 emissions, more than aviation and shipping industry combined. This is due to the massive supply chains and energy intensive production methods of fabrics. Most of it can be contributed to the fashion sector since around 60% of all the textile production is clothing. Polyester, a synthetic fiber made from oil which accounts for more than half of the fibers used in the textile industry, produces double the amount of carbon emissions than cotton, accounting for very large proportions of all the emissions by the industry. (source 1, source 2)

Worker exploitation

Majority of the textiles are produced in Asia. Some of the worst working conditions are in Bangladesh, one of the most important garment producers, and Pakistan. Here's an excerpt from EU Parliament's briefing document from 2014 after the catastrophic Rana Plaza disaster:

The customers of garment producers are most often global brands looking for low prices and tight production timeframes. They also make changes to product design, product volume, and production timeframes, and place last-minute orders without accepting increased costs or adjustments to delivery dates. The stresses of such policies usually fall on factory workers.

The wage exploitation is bleak. According to the 2015 documentary The True Cost less than 2% of all garment factory workers earned a living wage (source). Hourly wages are so low and the daily quotas so high, garment workers are often forced through conditions or threats and demand to work extra hours, which regularly leads to 10-12 hour work days (source) and at worst 16 hour workdays (source), often without days off. Sometimes factories won't compensate for extra hours, breaching regulations (source).

Long working hours, repetitive work, lack of breaks and high pressure leads to increased risks of injuries and accidents. Small and even major injuries are extremely common in the industry. A study in three factories in India found that 70% of the workers suffered from musculosceletal symptoms (source). Another qualitative study of female garment workers and factory doctors in Dhaka found that long hours led to eye strain, headaches, fatigue and weight loss in addition to muscular and back pains. According to the doctors interviewed, weight loss was common because the workers work such long hours without breaks, they didn't have enough time to eat properly. (source) Another study in 8 factories in India found that minor injuries were extremely common and caused by unergonomic work stations, poor organization in the work place and lack of safety gear, guidelines and training (source). Safety precautions too are often overlooked to cut corners, which periodically leads to factory accidents, like in 2023 lack of fire exists and fire extinguishers, and goods stacked beyond capacity led to a factory fire in Pakistan which injured dozens of workers (source) or like in 2022 dangerous factory site led to one dead worker and 9 injured workers (source).

Rana Plaza collapse in 2013 is the worst industrial accident in recent history. The factory building did not have proper permits and the factory owner blatantly ignored signs of danger (other businesses abandoned the building a day before the collapse), which led to deaths of 1 134 workers and injuries to 2 500 workers. The factory had or were at the time working for orders of at least Prada, Versace, Primark, Walmart, Zara, H&M, C&A, Mango, Benetton, the Children's Place, El Corte Inglés, Joe Fresh, Carrefour, Auchan, KiK, Loblaw, Bonmarche and Matalan. None of the brands were held legally accountable for the unsafe working conditions which they profited off of. Only 9 of the brands attended a meeting to agree on compensation for the victim's families. Walmart, Carrefour, Auchan, Mango and KiK refused to sight the agreement, it was only signed by Primark, Loblaw, Bonmarche and El Corte Ingles. The compension these companies provided was laughable though. Primemark demanded DNA evidence that they are relatives of one of the victims from these struggling families who had lost their often sole breadwinner for a meager sum of 200 USD (which doesn't even count for two months of living wage in Bangladesh (source)). This obviously proved to be extremely difficult for most families even though US government agreed to donate DNA kits. This is often said to be a turning point in working conditions in the industry, at least in Bangladesh, but while there's more oversight now, as we have seen, there's clearly still massive issues. (source 1, source 2)

One last major concern of working conditions in the industry I will mention is the Xinjiang raw cotton production, which is likely produced mainly with forced labour from Uighur concentration camps, aka slave labour of a suspected genocide. 90% of China's raw cotton production comes from Xinjiang (source). China is the second largest cotton producer in the world, after India, accounting 20% of the yearly global cotton production (source).

Pollution

Synthetic dyes, which synthetic fibers require, are the main cause of water pollution caused by the textile industry, which is estimated to account for 20% of global clean water pollution (source). This water pollution by the textile industry is suspected of causing a lot of health issues like digestive issues in the short term, and allergies, dermatitis, skin inflammation, tumors and human mutations in the long term. Toxins also effect fish and aquatic bacteria. Azo dyes, one of the major pollutants, can cause detrimental effects to aquatic ecosystems by decreasing photosynthetic activity of algae. Synthetic dyes and heavy metals also cause large amounts of soil pollution. Large amounts of heavy metals in soil, which occurs around factories that don't take proper environmental procautions, can cause anaemia, kidney failure, and cortical edoem in humans. That also causes changes in soil texture, decrease in soil microbial diversity and plant health, and changes in genetic structure of organisms growing in the soil. Textile factory waste water has been used for irrigation in Turkey, where other sources of water have been lacking, causing significant damage to the soil. (source)

Rayon produced through viscose process causes significant carbon disulphide and hydrogen sulphide pollution to the environment. CS2 causes cardiovascular, psychiatric, neuropsychological, endocrinal and reproductive disorders. Abortion rates among workers and their partners exposed to CS2 are reported to be significantly higher than in control groups. Many times higher amounts of sick days are reported for workers in spinning rooms of viscose fiber factories. China and India are largest producers of CS2 pollution, accounting respectively 65.74% and 11,11% of the global pollution, since they are also the major viscose producers. Emission of CS2 has increased significantly in India from 26.8 Gg in 2001 to 78.32 Gg in 2020. (source)

Waste

The textile industry is estimated to produce around 92 million tons of textile waste per year. As said before around 30% of the production is never sold and with shortening lifespans used the amount of used clothing that goes to waster is only increasing. This waste is large burned or thrown into landfills in poor countries. (source) H&M was accused in 2017 by investigative journalists of burning up to 12 tonnes of clothes per year themselves, including usable clothing, which they denied claiming they donated clothing they couldn't sell to charity instead (source). Most of the clothing donated to charity though is burned or dumbed to landfills (source).

Most of the waste clothing from rich countries like European countries, US, Australia and Canada are shipped to Chile (source) or African countries, mostly Ghana, but also Burkina Faso and Côte d'Ivoire (source). There's major second-hand fashion industries in these places, but most of the charity clothing is dumbed to landfills, because they are in such bad condition or the quality is too poor. Burning and filling landfills with synthetic fabrics with synthetic dyes causes major air, water and soil pollution. The second-hand clothing industry also suppresses any local clothing production as donated clothing is inherently more competitive than anything else, making these places economically reliant on dumbed clothing, which is destroying their environment and health, and prevents them from creating a more sustainable economy that would befit them more locally. This is not an accident, but required part of the clothing industry. Overproduction let's these companies tap on every new trend quickly, while not letting clothing the prices in rich countries drop so low it would hurt their profits. Production is cheaper than missing a trend.

Micro- and nanoplastics

There is massive amounts of micro- and nanoplastics in all of our environment. It's in our food, drinking water, even sea salt (source). Washing synthetic textiles accounts for roughly 35% of all microplastics released to the environment. It's estimated that it has caused 14 million tonnes of microplastics to accumulate into the bottom of the ocean. (source)

Microplastics build up into the intestines of animals (including humans), and have shown to probably cause cause DNA damage and altered organism behavior in aquatic fauna. Microplastics also contain a lot of the usual pollutants from textile industry like synthetic dyes and heavy metals, which absorb in higher quantities to tissues of animals through microplastics in the intestines. Studies have shown that the adverse effect are higher the longer the microplastics stay in the organism. The effects cause major risks to aquatic biodiversity. (source) The health effects of microplastics to humans are not well known, but studies have shown that they could have adverse effects on digestive, respiratory, endocrine, reproductive and immune systems. (source)

Microplastics degrade in the environment even further to nanoplastics. Nanoplastic being even smaller are found to enter blood circulation, get inside cells and cross the blood-brain barrier. In fishes they have been found to cause neurological damage. Nanoplastics are also in the air, and humans frequently breath them in. Study in office buildings found higher concentration of nanoplastics in indoor air than outdoor air. Inside the nanoplastics are likely caused mostly by synthetic household textiles, and outdoors mostly by car tires. (source) An association between nanoplastics and mitochondrial damage in human respiratory cells was found in a recent study. (source)

Micro and nano plastics are also extremely hard to remove from the environment, making it even more important that we reduce the amount of microplastics we produce as fast as possible.

What can we do?

This is a question that deserves it's own essays and articles written about it, but I will leave you with some action points. Reading about these very bleak realities can easily lead to overwhelming apathy, but we need to channel these horrors into actions. Whatever you do, do not fall into apathy. We don't have the luxury for that, we need to act. These are industry wide problems, that simply cannot be fixed by consumerism. Do not trust any clothing companies, even those who market themselves as ethical and responsible, always assume they are lying. Most of them are, even the so called "good ones". We need legislation. We cannot allow the industry to regulate itself, they will always take the easy way out and lie to their graves. I will for sure write more in dept about what we can do, but for now here's some actions to take, both political and individual ones.

Political actions

Let's start with political actions, since they will be the much more important ones. While we are trying to dismantle capitalism and neocolonialism (the roots of these issues), here's some things that we could do right now. These will be policies that we should be doing everywhere in the world, but especially rich countries, where most of the clothing consumption is taking place. Vote, speak to others, write to your representative, write opinion pieces to your local papers, engage with democracy.

Higher requirements of transparency. Right now product transparency in clothing is laughably low. In EU only the material make up and the origin country of the final product are required to be disclosed. Everything else is up to the company. Mandatory transparency is the only way we can force any positive changes in the production. The minimum of transparency should be: origin countries of the fibers and textiles in the product itself; mandatory reports of the lifecycle emissions; mandatory reports of whole chain of production. Right now the clothing companies make their chain of production intentionally complex, so they have plausible deniability when inevitably they are caught violating environmental or worker protection laws (source). They intentionally don't want to be able to track down their production chain. Forcing them to do so anyway would make it very expensive for them to keep up this unnecessarily complex production chain. These laws are most effective when put in place in large economies like EU or US.

Restrictions on the use of synthetic fibers. Honestly I think they should be banned entirely, since the amount of microplastics in our environment is already extremely distressing and the other environmental effects of synthetic fibers are also massive, but I know there are functions for which they are not easily replaced (though I think they can be replaces in those too, but that's a subject of another post), so we should start with restrictions. I'm not sure how they should be specifically made, I'm not a law expert, but they shouldn't be used in everyday textiles, where there are very easy and obvious other options.

Banning viscose. There are much better options for viscose method that don't cause massive health issues and environmental destruction where ever it's made, like Lyocell. There is absolutely no reason why viscose should be allowed to be sold anywhere.

Governmental support for local production by local businesses. Most of the issues could be much more easily solved and monitored if most clothing were not produced by massive global conglomerations, but rather by local businesses that produce locally. All clothing are made by hand, so centralizing production doesn't even give it advantage in effectiveness (only more profits for the few). Producing locally would make it much more easier to enforce regulations and it would reduce production chains, making production more effective, leaving more profits into the hands of the workers and reducing emissions from transportation. When the production is done by local businesses, the profits would stay in the producing country and they could be taxed and utilized to help the local communities. This would be helpful to do in both exploited and exploiter countries. When done in rich countries who exploit poorer ones, it would reduce the demand for exploitation. In poor countries this is not as easily done, since poor means they don't have money to give around, but maybe this could be a good cause to put some reparations from colonizers and global corporations, which they should pay.

Preventing strategic accounting between subsidiaries and parent companies. Corporate law is obviously not my area of expertise, but I know that allowing corporations to move around the accounting of profits and losses between subsidiaries and parent companies in roughly 1980s, was a major factor in creating this modern global capitalist system, where corporations can very easily manipulate their accounting to utilize tax heavens and avoid taxes where they actually operate, which is how they are upholding this terrible system and extracting the profits from the production countries. How specifically this would be done I can't tell because again I know shit about corporate law, so experts of that field should plan the specifics. Overall this would help deal with a lot of other problems than just the fashion industry. Again for it to be effective a large economic area like EU or US should do this.

Holding companies accountable for their whole chain of production. These companies should be dragged to court and made to answer for the crimes they are profiting of off. We should put fear back into them. This is possible. Victims of child slavery are already doing this for chocolate companies. If it's already not how law works everywhere, the laws should be changed so that the companies are responsible even if they didn't know, because it's their responsibility to find out and make sure they know. They should have been held accountable for the Rana Plaza disaster. Maybe they still could be. Sue the mother fuckers. They should be afraid of us.

Individual actions

I will stress that the previous section is much more important and that there's no need to feel guilty for individual actions. This is not the fault of the average consumer. Still we do need to change our relationship to fashion and consumption. While it's not our fault, one of the ways this system is perpetuated, is by the consumerist propaganda by fashion industry. And it is easier to change our own habits than to change the industry, even if our own habits have little impact. So these are quite easy things we all could do as we are trying to do bigger change to gain some sense of control and keep us from falling to apathy.

Consume less. Better consumption will not save us, since consumption itself is the problem. We consume too much clothing. Don't make impulse purchases. Consider carefully weather you actually need something or if you really really want it. Even only buying second-hand still fuels the industry, so while it's better than buying new, it's still better to not buy.

Take proper care of your clothing. Learn how to properly wash your clothing. There's a lot of internet resources for that. Never wash your wool textiles in washing machine, even if the textile's official instructions allow it. Instead air them regularly, rinse them in cool water if they still smell after airing and wash stains with water or small amount of (wool) detergent. Never use fabric softener! It damages the fabrics, prevents them from properly getting clean and is environmentally damaging. Instead use laundry vinegar for making textiles softer or removing bad smells. (You can easily make laundry vinegar yourself too from white vinegar and water (and essential oils, if you want to add a scent to it) which is much cheaper.) Learn how to take care of your leather products. Most leather can be kept in very good condition for a very long time by occasional waxing with beeswax.

Use the services of dressmakers and shoemakers. Take your broken clothing or clothing which doesn't fit anymore to your local dressmaker and ask them if they can do something about it. Take your broken and worn leather products to your local shoemaker too. Usually it doesn't cost much to get something fixed or refitted and these expert usually have ways to fix things you couldn't even think of. So even if the situation with your clothing or accessory seems desperate, still show it to the dressmaker or shoemaker.

If it's extremely cheap, don't buy it. Remember that every clothing is handmade. Only a small fraction of the cost of the clothing will be paying the wages of the person who made it with their hands. If a shirt costs 5 euros (c. 5,39 USD), it's sewer was only payed mere cents for sewing it. I'm not a quick sewer and it takes me roughly 1-2 hours to cut, prepare and sew a simple shirt, so I'm guessing it would take around half an hour to do all that for a factory worker on a crunch, at the very least 15 minutes. So the hourly pay would still be ridiculously low. However, as I said before, the fact that the workers in clothing factories get criminally low pay is not the fault of the consumer, so if you need a clothing item, and you don't have money to buy anything else than something very cheep, don't feel guilty. And anyway expensive clothing in no way necessarily means reasonable pay or ethical working conditions, cheep clothing just guarantee them.

Learn to recognize higher quality. In addition to exploitation, low price also means low quality, but again high price doesn't guarantee high quality. High quality allows you to buy less, so even if it's not as cheep as low quality, if you can afford it, when you need it, it will be cheaper in long run, and allows you to consume less. Check the materials. Natural fibers are your friends. Do not buy plastic, if it's possible to avoid. Avoid household textiles from synthetic fibers. Avoid textiles with small amounts of spandex to give it stretch, it will shorten the lifespan of the clothing significantly as the spandex quickly wears down and the clothing looses it's shape. Also avoid clothing with rubber bands. They also loose their elasticity very quickly. In some types of clothing (sport wear, underwear) these are basically impossible to avoid, but in many other cases it's entirely possible.

Buy from artisans and local producers, if you can. As said better consumption won't fix this, but supporting artisans and your local producers could help keep them afloat, which in small ways helps create an alternative to the exploitative global corporations. With artisans especially you know the money goes to the one who did the labour and buying locally means less middlemen to take their cut. More generally buy rather from businesses that are located to the same country where the production is, even if it's not local to you. A local business doesn't necessarily produce locally.

Develop your own taste. If you care about fashion and style, it's easy to fall victim to the fashion industry's marketing and trend cycles. That's why I think it's important to develop your personal sense of style and preferences. Pay attention at what type of clothes are comfortable to you. Go through your wardrobe and track for a while which clothing you use most and which least. Understanding your own preferences helps you avoid impulse buying.

Consider learning basics of sewing. Not everyone has the time or interest for this, but if you in anyway might have a bit of both, I suggest learning some very simple and basic mending and reattaching a button.

Further reading on this blog: How to see through the greenwashing propaganda of the fashion industry - Case study 1: Shein

Bibliography

Academic sources

An overview of the contribution of the textiles sector to climate change, 2022, L. F. Walter et al., Frontiers in Environmental Science

How common are aches and pains among garment factory workers? A work-related musculoskeletal disorder assessment study in three factories of south 24 Parganas district, West Bengal, 2021, Arkaprovo Pal et al., J Family Med Prim Care

Sewing shirts with injured fingers and tears: exploring the experience of female garment workers health problems in Bangladesh, 2019, Akhter, S., Rutherford, S. & Chu, C., BMC Int Health Hum Rights

Occupation Related Accidents in Selected Garment Industries in Bangalore City, 2006, Calvin, Sam & Joseph, Bobby, Indian Journal of Community Medicine

A Review on Textile and Clothing Industry Impacts on The Environment, 2022, Nur Farzanah Binti Norarmi et al., International Journal of Academic Research in Business and Social Sciences

Carbon disulphide and hydrogen sulphide emissions from viscose fibre manufacturing industry: A case study in India, 2022, Deepanjan Majumdar et al., Atmospheric Environment: X

Microplastics Pollution: A Brief Review of Its Source and Abundance in Different Aquatic Ecosystems, 2023, Asifa Ashrafy et al., Journal of Hazardous Materials Advances

Health Effects of Microplastic Exposures: Current Issues and Perspectives in South Korea, 2023, Yongjin Lee et al., Yonsei Medical Journal

Nanoplastics and Human Health: Hazard Identification and Biointerface, 2022, Hanpeng Lai, Xing Liu, and Man Qu, Nanomaterials

Other sources

The impact of textile production and waste on the environment (infographics), 2020, EU

Chile’s desert dumping ground for fast fashion leftovers, 2021, AlJazeera

Fashion - Worldwide, 2022 (updated 2024), Statista

Fashion Industry Waste Statistics & Facts 2023, James Evans, Sustainable Ninja (magazine)

Everything You Need to Know About Waste in the Fashion Industry, 2024, Solene Rauturier, Good on You (magazine)

Textiles and the environment, 2022, Nikolina Šajn, European Parliamentary Research Service

Help! I'm addicted to secondhand shopping apps, 2023, Alice Crossley, Cosmopolitan

Addictive, absurdly cheap and controversial: the rise of China’s Temu app, 2023, Helen Davidson, Guardian

Workers' conditions in the textile and clothing sector: just an Asian affair? - Issues at stake after the Rana Plaza tragedy, 2014, Enrico D'Ambrogio, European Parliamentary Research Service

State of The Industry: Lowest Wages to Living Wages, The Lowest Wage Challenge (Industry affiliated campaign)

Fast Fashion Getting Faster: A Look at the Unethical Labor Practices Sustaining a Growing Industry, 2021, Emma Ross, International Law and Policy Brief (George Washington University Law School)

Dozens injured in Pakistan garment factory collapse and fire, 2023, Hannah Abdulla, Just Style (news media)

India: Multiple factory accidents raise concerns over health & safety in the garment industry, campaigners call for freedom of association in factories to ‘stave off’ accidents, 2022, Jasmin Malik Chua, Business & Human Rights Resource Center

Minimum Wage Level for Garment Workers in the World, 2020, Sheng Lu, FASH455 Global Apparel & Textile Trade and Sourcing (University of Delaware)

Rana Plaza collapse, Wikipedia

Buyers’ compensation for Rana Plaza victims far from reality, 2013, Ibrahim Hossain Ovi, Dhaka Tribune (news media)

World cotton production statistics, updated 2024, The World Counts

Dead white man’s clothes, 2021, Linton Besser, ABC News

[reasonsforhope]

"The amount of electricity generated by the UK’s gas and coal power plants fell by 20% last year, with consumption of fossil fuels at its lowest level since 1957.

Not since Harold Macmillan was the UK prime minister and the Beatles’ John Lennon and Paul McCartney met for the first time has the UK used less coal and gas.

The UK’s gas power plants last year generated 31% of the UK’s electricity, or 98 terawatt hours (TWh), according to a report by the industry journal Carbon Brief, while the UK’s last remaining coal plant produced enough electricity to meet just 1% of the UK’s power demand or 4TWh.

Fossil fuels were squeezed out of the electricity system by a surge in renewable energy generation combined with higher electricity imports from France and Norway and a long-term trend of falling demand.

Higher power imports last year were driven by an increase in nuclear power from France and hydropower from Norway in 2023. This marked a reversal from 2022 when a string of nuclear outages in France helped make the UK a net exporter of electricity for the first time.

Carbon Brief found that gas and coal power plants made up just over a third of the UK’s electricity supplies in 2023, while renewable energy provided the single largest source of power to the grid at a record 42%.

It was the third year this decade that renewable energy sources, including wind, solar, hydro and biomass power, outperformed fossil fuels [in the UK], according to the analysis. Renewables and Britain’s nuclear reactors, which generated 13% of electricity supplies last year, helped low-carbon electricity make up 55% of the UK’s electricity in 2023.

[Note: "Third year this decade" refers to the UK specifically, not global; there are several countries that already run on 100% renewable energy, and more above 90% renewable. Also, though, there have only been four years this decade so far! So three out of four is pretty good!]

Dan McGrail, the chief executive of RenewableUK, said the data shows “the central role that wind, solar and other clean power sources are consistently playing in Britain’s energy transition”.

“We’re working closely with the government to accelerate the pace at which we build new projects and new supply chains in the face of intense global competition, as everyone is trying to replicate our success,” McGrail said.

Electricity from fossil fuels was two-thirds lower in 2023 compared with its peak in 2008, according to Carbon Brief. It found that coal has dropped by 97% and gas by 43% in the last 15 years.

Coal power is expected to fall further in 2024 after the planned shutdown of Britain’s last remaining coal plant in September. The Ratcliffe on Soar coal plant, owned by the German utility Uniper, is scheduled to shut before next winter after generating power for over 55 years.

Renewable energy has increased sixfold since 2008 as the UK has constructed more wind and solar farms, and the large Drax coal plant has converted some of its generating units to burn biomass pellets.

Electricity demand has tumbled by 22% since its peak in 2005, according to the data, as part of a long-term trend driven by more energy efficient homes and appliances as well as a decline in the UK’s manufacturing sector.

Demand for electricity is expected to double as the UK aims to cut emissions to net zero by 2050 because the plan relies heavily on replacing fossil fuel transport and heating with electric alternatives.

In recent weeks [aka at the end of 2023], offshore wind developers have given the green light to another four large windfarms in UK waters, including the world’s largest offshore windfarm at Hornsea 3, which will be built off the North Yorkshire coast by Denmark’s Ørsted."

-via The Guardian, January 2, 2024

[probablyasocialecologist]

Veiled by discussion of headline global trends in new renewables capacity investment is the fact that almost all the incremental progress is currently being made in one country: China. Trumpeting 2023’s 50 percent growth in annual global capacity installations as a global achievement is wrongheaded, given that China by itself delivered nearly 80 percent of the increment. And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck. This raises a crucial question. What is different about the development of solar and wind resources in China from the rest of the world? The main answer is that in China, such development is capitalist in only a very limited sense. Certainly, the entities centrally involved in building out new solar and wind farms in China are companies. But almost all are state-owned. Take wind. Nine of the country’s top 10 wind developers are owned by the government, and such state-owned players control in excess of 95 percent of the market. Moreover, the state is far from being a passive shareholder in these companies. The companies are best seen as instruments wielded by the state in the service of achieving its industrial, geopolitical, and – increasingly – environmental objectives. The best example of this concerns the gargantuan ‘clean energy bases’ first announced by President Xi Jinping in 2021. To be built mainly in the Gobi and other desert areas by 2030, these new bases will have a combined capacity of in excess of 550 GW – more than Europe’s total solar and wind capacity at the time of this writing. Such development is as far from ‘capitalist’ as is imaginable. This is the state, in its most centralized and authoritative form mustering whatever resources it needs at its disposal to ensure that it delivers what it has said it will deliver. Add to this the fact that the banks financing all the new renewables development in China are generally also state-owned and directed, and a stark reality comes into focus. This is essentially central planning in action. Does the profit motive figure? To be sure, it does. But usually only marginally, and it is ridden roughshod over whenever Beijing deems fit.

[dipperdesperado]

small groups, big change

One of the things that is difficult about social change is the energy needed. When we think of what change looks like, we tend to imagine either the endpoint or the preceding event that leads to that endpoint. We imagine massive revolutions, coups, upheavals, or mobilizations that bring in a new order in one swift move.

I don’t know if this is an accessible or good way to approach radical action. It is what in part spurs what I call “radical churn”, where folks burn out of doing radical work, and movements shrink until a new flashpoint/rupture in society activates a new batch. Rinse and repeat.

There are a lot of reasons for this, but I’ll focus on two: a lack of horizontal, empowering, and mutualistic organizing, plus a lack of strategy based on an analysis of the systemic reality of a given area.

I think that to fix this, one of the best things we can do is create groups that are intentionally doing the work of understanding their role in the movement ecosystem that exists and proposing strategies for change that work to understand the context (both at the current moment and the more long-term trends that led to it). I imagine this looking like a more flexible version of a cadre or a slightly more intentional version of an affinity group. A small group of people (ideally in the double digits), committed to change and all working towards figuring out how to support each other in collaborative and autonomous ways. This group isn’t meant to lead or take over, it’s just trying to fulfill specific roles and tasks in a movement space to help it and grow.

Again, this group is not meant to become a shadow government of a movement, controlling things from behind the scenes. There would just be work towards building a clear mode of engagement, and interactions with other groups. There shouldn’t be any attempts to force someone to adhere to something. If a group can prove their ideas through successful action, then they will garner support.

It might be hard to believe that a small group can do much towards “capital I” issues. In whatever arena, sector, or tactical area the group is working in, if they can be consistent, then lots of interesting things can happen. They can use the learned apathy of most folks in politics to their advantage. It can be exposing a politician by organizing a renting a room, filling it up with folks, and having them talk about their failures (even better if the politician is invited, the press is invited, and the politician doesn’t show up). It can be committing to canvassing or deep canvassing, where folks set a group-wide number of doors to knock per week. This is the kind of thing that can relatively easily start moving things in a different direction.

Politics is about power and pressure. Applying pressure can create spaces to take back power, and a great way to consistently apply pressure in a given area is to have a group organized around that work and consistently do it.

[jeffhirsch]

Hear My Post-Election Plan in Sarasota

The Presidential election will be over in November. But each candidate is proposing starkly different fiscal policies, requiring investors to thoroughly consider their investing tactics and strategies—AHEAD of the winner’s inauguration! Meanwhile, we are entering a more uncertain financial, credit, corporate, and economic environment—one where monetary policy, earnings, technology trends, and other forces are in extreme flux. Throw in the potential for geopolitical conflicts in Europe, the Middle East, or the South China Sea, plus ballooning government debt, and you have the ingredients for a volatile year. Do YOU have the insights and recommendations it will take to navigate these stormy seas? Wall Street’s most respected and knowledgeable experts will provide you with them—at the 2024 MoneyShow Masters Symposium Sarasota! Scheduled for Dec. 5-7, 2024, at the beautiful and inviting Hyatt Regency Sarasota, this signature event will help you cap off the current year—and position your portfolio for maximum reward in the year ahead.

When you attend, you’ll receive benefits like...

Big-picture macroeconomic and strategic insights from the nation’s top market strategists PLUS specific investment recommendations you can put to work in your portfolio right away

Guidance and picks in sectors like technology from Daniel Ives and energy from Louis Navellier...cryptocurrencies from Charlie Shrem...commodities from Carley Garner...fixed income from Jim Bianco...and so much more.

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On-site meet-and-greets and book signings, as well as signature social events where you can mix and mingle with hundreds of your fellow high-net-worth investors and traders

Your market success is all about preparation and education. We look forward to providing you with the in-depth knowledge you need to outperform the market in Sarasota this December.

REGISTER BY November 21 AS MY GUEST AND PAY ONLY $199– THAT’S 20% OFF THE REGULAR PRICE -  CLICK HERE.

Or if you prefer, simply call the MoneyShow team at 1-800-970-4355 and reference my discount code, 063972. I’m excited about joining me for this year’s MoneyShow Masters Symposium Sarasota, December 5-7 —and I can’t wait to see you there!

To your financial success,

Jeffrey Hirsch Editor-in-Chief The Stock Trader's Almanac & Almanac Investor

[cognitivejustice]

In 2023, renewable energy attracted 37% of unlisted investments in Africa, marking a significant shift. This sector now outpaces financial services, which have long been the dominant choice, according to the latest report from the European Investment Bank (EIB) released on November 7. This change highlights a major turning point, with capital moving away from fossil fuels, which now make up just 4% of investments, in favor of more sustainable solutions. Investors are increasingly drawn to green assets, which are seen as vital for resilience in Africa, a continent facing growing climate challenges.

This trend aligns with the global search for sustainable and cost-effective alternatives. As African countries remain particularly vulnerable to the effects of climate change, developing green infrastructure is viewed not only as an ecological necessity but also as a strategic economic opportunity. The perspectives of African banks reflect this shift: 67% of those surveyed see the climate transition as an opportunity, and 79% have set specific climate-related goals. While this positioning points to a growing commitment to renewable energy, there are still challenges to overcome.

[learnwithmearticles]

Harris and Climate Change

Storms in recent decades have escalated in frequency and severity, causing billions of dollars in damage and leaving people homeless and vulnerable. We can expect this trend to continue if we do not globally mitigate climate change.

This is an examination of Kamala Harris’ environmental policies.

Continuation, Doubling Down

We can expect many policies introduced during Biden’s presidency to continue during Harris’. For example, Biden re-committed the U.S.A. to the Paris Agreement, a treaty that binds nations together in efforts to keep the global temperature increase under 2°C. This entails vast decreases in greenhouse gas emissions, and thus turning to more energy efficient products as well as clean energy alternatives.

In 2022, Biden’s administration passed the Inflation Reduction Act. This climate bill, among the biggest in history, provided billions of dollars to pull us away from the fossil fuel-dependant economy.

In addition to perpetuating these policies, Kamala Harris will be able to push further towards clean energy. 

During her campaign, Harris has brought up the environmental justice unit she created to hold polluters accountable, implying that she would continue to enforce ramifications for pollution-heavy companies.

In 2023, Harris announced the work she had been doing with EPA administrator Michael Regan. In this speech, she acknowledged the need to invest in communities to help those who don’t have the means themselves to move towards clean energy. She also acknowledged that we need to make up for lost time in these initiatives, sticking to the intent to meet the nation’s goal of net-zero emissions by 2050.

Intersectionality

Harris has specifically acknowledged the fact that climate change disproportionately affects certain communities, such as lower-income and communities of color. She stated her intention to make sure pollution effects are addressed with attention to equity and equality. Her work with the EPA administrator was an example of putting these ideas into action, by funding communities who need help.

Before and throughout Biden’s presidency, Kamala Harris has spoken about and followed through with efforts to address current environmental crises. She has pushed to hold companies accountable for their pollution and advocated for policies that reduce the U.S.A.’s emissions and increase renewable energy.

Despite these previous statements, climate change has not been a popular focus of Harris’ 2024 campaign. The Washington Post believes that this is an effort to alienate as few voters as possible while focusing on other major issues. Specifically, Pennsylvania as a swing state depends strongly on a natural gas economy, and domestic oil production has decreased gas prices. Discussing any certain intentions of affecting those areas might discourage undecided voters.

We can see in these tactics and in Harris’ pull back from a full-on fracking ban that she does listen to the public. She pays attention to these concerns and is able to adapt in order to do what seems best for the nation. While many, including myself, do not completely agree with all of her policies, she is a candidate who will make a difference in the environmental sector.

Additional Resources

1. The Paris Agreement

2. Inflation Reduction Act

3. Harris not discussing Climate Change

4. 2023 Speech

5. Intersectionality

[rjzimmerman]

How many of you get excited when you see a monarch butterfly? If you do, did you get excited as a kid, or is the excitement a function of their possibly pending extinction? If you do not, can you imagine a world without monarch butterflies?

Excerpt from this story from E&E News/Politico:

Judgment day approaches for the monarch butterfly.

Bound by a court settlement, the Fish and Wildlife Service is supposed to decide by early December whether the monarch warrants listing as threatened or endangered. Although the agency misses many Endangered Species Act deadlines, it appears determined to meet this one after several years of study.

“We wanted to make sure that we have all the best science available … and we wanted to make sure that we were able to gather all that information and make a quality decision,” said Nicole Alt, director of FWS’ Center for Pollinator Conservation.

With the migratory butterfly passing through dozens of states, a decision to list the species could be accompanied by the designation of an expansive critical habitat. Combined with other regulatory implications, this could make the long-delayed monarch listing call one of the most consequential actions in the history of the ESA. It also appears likely, some monarch experts say, given the bleak population trends that led FWS to conclude in 2020 that “monarch viability is declining and is projected to continue declining over the next 60 years.”

Despite the dire circumstances, a campaign to help the monarch butterfly has been advancing on multiple fronts but without a unified commander in chief. Rather, the monarch’s allies march under different flags that reflect a dispersed approach toward species conservation. Some study the insect, some set aside habitat and some tinker with new tools, all without reference to a species recovery plan that an ESA listing would mandate.

Consider:

From an urban office building, a program administered by the University of Illinois, Chicago’s Energy Resources Center has recruited energy companies, state departments of transportation and counties into conserving hundreds of thousands of acres as butterfly habitat on rights of way, such as the medians between roads.

On sprawling Fort Cavazos — formerly Fort Hood — in Texas, biologists prowl the grounds in search of adult monarchs as well as eggs and larva. Since 2017, they estimate they have collected information from more than 10,000 tagged adult monarchs and forwarded this data to another team of collaborators with the Monarch Watch program based at the University of Kansas.

From her Denver office, Alt oversees four geographically scattered FWS staffers and collaborates with others in and out of government. With yet another allied group called Monarch Joint Venture, for instance, the Center for Pollinator Conservation is supporting studies of drones and artificial intelligence in measuring milkweed distribution on wildlife refuges.

And, scattered as they are, the various monarch teams, researchers and advocates periodically gather for a meeting of the minds, as they did in the summer of 2022 for a first-of-its-kind Capitol Hill butterfly summit where Interior Secretary Deb Haaland announced establishment of Alt’s pollinator center.

“It’s really been exciting to see the level of interest from lots of different sectors,” Alt said, adding that “different people want to work in different ways and in different spaces … and in the vast majority of situations they are all advocating for the same thing.”

Some conservation groups, however, want to see a more urgent focus on the problem, saying Congress needs to dramatically increase funding to help the monarchs truly recover. In letters sent last week to House and Senate appropriators, the Center for Biological Diversity and other environmental groups called on lawmakers to provide $100 million annually to restore 1 million acres of pollinator habitat in this country each year and another $30 million to preserve forests in Mexico where some of the butterflies spend their winters.

The groups noted how people over generations have heralded the black-and-orange butterfly’s “spectacular beauty and epic, life-affirming migrations.”

“Dedicating $100 million a year to monarch conservation gives these beloved butterflies a fighting chance at survival,” one letter said.

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Discussing NMN, Nutraceuticals, & Merchant Payment Processing

Article by Jonathan Bomser | CEO | Accept-Credit-Cards-Now.com

In today's ever-evolving health and business landscape, the merging of NMN, nutraceuticals, and merchant payment processing is reshaping our approach to wellness and commercial transactions. Join us as we explore the interconnectedness of these elements and their influence on our lives.

Nutraceuticals: Pioneering the Path to Optimal Health Nutraceuticals are at the forefront of modern health and wellness trends. This blend of "nutrition" and "pharmaceuticals" encompasses products that go beyond basic sustenance, providing health benefits to enhance overall well-being. This category includes dietary supplements, vitamins, herbal remedies, and functional foods.

As health-conscious individuals continue to grow in number, the demand for nutraceuticals has skyrocketed. People are actively seeking solutions to improve their health, manage specific conditions, and enhance vitality. This burgeoning interest has given rise to a thriving industry, where businesses must implement robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment options.

Merchant Payment Processing: The Engine of Modern Transactions Merchant payment processing is the powerhouse driving contemporary commerce. In an era where cash transactions are dwindling, the ability to accept credit cards has become a necessity for businesses across the board. It's no longer just a matter of convenience; it's about exceeding customer expectations and driving sales.

For the nutraceutical sector, efficient payment processing is of particular significance. When customers seek health solutions, they demand a seamless, secure, and hassle-free buying experience. The capacity to accept credit cards ensures that transactions are promptly executed, nurturing trust and customer loyalty.

Selecting the Optimal Merchant Account Processing Solution The choice of the right merchant account processing solution is a pivotal one for businesses. Factors like fees, security, customer support, and alignment with your business model must all be carefully evaluated.

Nutraceutical businesses have their unique considerations. Many of them provide subscription-based supplement plans, necessitating a payment system that adeptly manages recurring billing. Given the sensitive health information involved, security is of paramount importance. Compliance with industry standards, including the PCI DSS (Payment Card Industry Data Security Standard), is non-negotiable.

NMN: A Nutraceutical Game-Changer Now, let's cast the spotlight on NMN (Nicotinamide Mononucleotide), a star performer in the realm of nutraceuticals. NMN is a naturally occurring compound found in various foods like broccoli and avocados. Its claim to fame lies in its potential to boost NAD+ (Nicotinamide Adenine Dinucleotide) levels, a coenzyme critical for energy metabolism and DNA repair.

NMN has garnered substantial attention for its possible anti-aging properties. As we age, NAD+ levels decline, leading to a range of health issues. NMN supplements aim to reverse this decline, presenting a promising avenue to improved health and longevity. As the demand for NMN products continues to climb, nutraceutical businesses must have reliable merchant account processing systems in place to efficiently handle the growing demand for these life-enhancing products.

The Nexus of NMN, Nutraceuticals, and Payment Processing The intersection of NMN, nutraceuticals, and payment processing presents a distinctive opportunity for businesses. With the health and wellness industry on the ascent, offering top-tier health products like NMN and delivering customers a seamless payment experience are pivotal.

Efficient payment processing systems aren't just transaction facilitators; they are central to customer satisfaction. When customers can make secure payments with their preferred credit cards, they are more inclined to complete their purchases and return for future transactions.