The Business of Carbon Credit Scam unclogs Combat Climate Change

Weather News:  continue investments in fossil fuels (although they say otherwise)

• By  Laura Casielles ,  www.lamarea.com
• View Original
• February 9th, 2018

More pasta (public) for the machine

The European Investment Bank (EIB) on Tuesday approved the granting of a  loan of 1,500 million euros  for the construction of the Trans Adriatic Pipeline (TAP), the westernmost part of the Southern Gas Corridor. 

The project, which will connect the natural gas fields of Azerbaijan southern Italy, has been widely criticized for poor climate planning of the European Commission, the main valedora of this infrastructure. 

A study published last week doubted that the Corridor is  less polluting than coal . 

In addition, allegations of corruption and human rights violations have surrounded the project.

The EIB's decision was initially scheduled for December 12, but was postponed after considering the board he needed more time to study it. 

Coincidentally, that was the same day as other public and private financial organizations announced divestment targets fossil fuels in  the summit organized by Macron in Paris .

The EIB President Werner Hoyer German, appeared on Wednesday before the European Parliament, where he said that  the bank will not divest  from fossil fuel projects. "It would not be honest , " Hoyer said, adding that member states "say they do not want to go that way."

Divestment ... Half

Precisely at the December summit, the French insurer AXA (the world 's third largest) announced with great fanfare that would  multiply by four its investment in renewable  and do not continue to invest in tar sands or coal. 

However, a  study published Thursday  by the campaign Unfriend Coal (a coalition in which several NGOs involved) has revealed that the global insurance industry (including AXA) has invested at least 1,300 million in the coal industry in Poland.

In addition, the study has pointed to the German Allianz, Munich Re and Talanx, the German Generali and Polish PZU. 

The objectives of disinvestment of large insurers such as Allianz or AXA itself is limited, according to the study, its own assets, and not those of subsidiaries, through which maintain their investments in the Polish coal.

Ecofeminism in Bilbao

Last weekend was held in Bilbao the First Meeting of Women on Gender and Energy, attended by about 140 women across the country. 

The meeting came as a reaction to the decision of the Government, the parliamentary groups and social partners to nominate 14 men (and no women)  as members of the committee of experts to draft a Climate Change Act.

The experts gathered at the summit highlighted  the economic role of women , including in the energy model, and warned that women will be most affected by climate change than men. 

They also presented  a database  of women experts in energy, and to make them visible leaders are run out of excuses when assembled committees.

Toxic pole

The melting of the Arctic could have saved a surprise up his sleeve. 

The permafrost (permanently frozen ground, found mainly in Alaska, Canada and Siberia) contain more than 55 million liters of stored mercury, according to  a study published Monday in Geophysical Research Letters . 

When heated temperature and thaw the permafrost, this metal would be released, affecting local communities and the global fishing industry. 

The  Mercury is a neurotoxin  that accumulates along the food chain and can affect fish farms worldwide.

Besides mercury, permafrost melt involves release to the atmosphere of large amounts of greenhouse gases such as methane and CO2. 

According to the Arctic Council, the permafrost has warmed more than half a degree only in the last decade.

Norway returns to court

The Norwegian Arctic is also the scene of the legal battle of several environmental organizations. Greenpeace and youth branch of Friends of the Earth in the Scandinavian country (Natur og Ungdom) appealed on Monday against the decision of the court  should deem inadmissible  their claims against  oil drilling in the Barents Sea . 

The Oslo District Court decided, in early January, the Norwegian government could not be blamed for global emissions that they came from fuel extracted in the country.

The leader of Natur og Ungdom, Gaute Eiterjord, said that "there is enough CO2 in the atmosphere to seriously damage our future , " adding that " Norway is taking contraband emissions abroad and increasing climate change, which harms everyone, everywhere ".  ALTERNATIVE PROMOTION