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Reposted by @kostyak.bsky.social

advait @advaitarun.bsky.social · 14/11/2024

I'm very excited to be on this panel! Sandeep is so smart, and his book is a timely take on why public power is worth fighting for. If you're in DC, swing by--and let's talk about the New Deal, the IRA, and the future of the American energy system!

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

NYC's pension fund has joined the alliance of asset owners committed to net zero emissions in their portfolios. www.bloomberg.com/news/article...

bloomberg.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Here's a starter pack of climate leaders working on accountability for the financial institutions supporting fossil fuel expansion & the lawmakers and regulators overseeing those institutions. I feel privileged to be part of this growing community. go.bsky.app/BfgnR44

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

What is the political formula for keeping the IRA off the chopping block? Seems to me there are 2 ways to strengthen bipartisan support. 1) Focus on the jobs/ econ development benefits of renewable energy, 2) Focus on the CCS/CDR provisions that have little to say about renewable v fossil energy.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Many good folks are promoting CDR and it's easy to anticipate a gravitational pull toward, e.g., promoting IRA's funding for DAC projects in red states. I'm wondering if that can be done w/o shortchanging the needed campaign for ITC and other renewables incentives in the IRA.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Here's a thought-provoking piece on the challenges of pursuing nature-based CDR within the constraints of climate science and community engagement. theconversation.com/scientific-m...

theconversation.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

As climate change threatens another global financial crisis, let's remember that the Fed serves as lender of last resort- essential to minimizing damage. The integration of crypto into traditional finance will make this job far more difficult. clsbluesky.law.columbia.edu/2024/11/13/t...

clsbluesky.law.columbia.edu

The Impending Financial Crisis | CLS Blue Sky Blog

I teach a course on “Financial Crises/Regulatory Responses” with the economist Patrick Bolton. This course addresses the struggle to establish and maintain financial stability, an apex goal of the fin...

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Wall Street firms have cynically joined w the tech bros in bringing crypto into traditional finance. Our best hope is Senator Warren, who will serve as ranking member on the Banking Committee despite their efforts to block her. h/t @madisoncondon.bsky.social prospect.org/politics/202...

prospect.org

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

One part of the crypto craze that doesn't get enough attention is how much this industry preys upon the economic anxieties of young folks, e.g., unleashing AI bots selling meme coins. Fraud is rampant but crypto has bought itself a gov't that promises no regulation. www.forbes.com/sites/ninaba...

forbes.com

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Reposted by @kostyak.bsky.social

Kevin Stevens @handle.invalid · 13/11/2024

The leasing demand for data centers has increased 11x in the last decade. The largest single leases are 14x bigger than they were just 3 years ago. Incredible. #energysky

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

1st German city to announce its gas grid decommissioning. No surprise it is in Baden-Wurttemberg- the state leading on heat decarbonisation in Germany. District heating network is to be 100% renewably powered by 2030. All EU cities over 45,000 citizens will need a similar plan. #EnergySky

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

The House is working to fast-track a bill that would give Treasury the power to deny tax exemptions to c3 nonprofits without any explanation other than "you’re a terrorist supporting organization." www.aclu.org/documents/ci...

aclu.org

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Exxon CEO urges Trump not to withdraw from Paris agreement. Energy analyst Paul Sankey says this is because "the major oil companies are not supportive of the ‘drill, baby, drill,’ strategy, nor are their shareholders." Does anyone really believe this? [gift link] www.wsj.com/business/ene...

wsj.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Better explanation is hidden in this WSJ article: Exxon is advising gov't officials on "global carbon accounting measures." Not a coincidence that UN negotiators agreed today to advance Article 6 credit trading. Oil companies love these carbon accounting gimmicks allowing business-as-usual.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Urgewald's latest oil & gas exit list is out, showing that the oil & gas industry continued its expansion in 2023, openly defying Paris climate targets. Gas-fired power is on the march, with LNG import terminal capacity set to increase by 57%. gogel.org/sites/defaul...

gogel.org

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Despite net-zero pledges by some, it's clear that the oil & gas sector has no intention to transition. The finance industry holds the key. 39 large financial institutions have shown what's possible with policies that exclude investing in a significant portion of the sector.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

This is an area where state pension trustees can be leading. Imagine a new generation of public officials well-versed in the language of system-level investing - protecting beneficiaries from colossal climate damage to their portfolios & identifying clean tech innovators worthy of support.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Net Zero Industrial Policy Lab: IRA repeal would harm US manufacturing & trade & create up to $80B in investment opportunities for other countries, including China. Harm includes lost factories, lost jobs, lost tax revenue & ~$50B in lost exports. static1.squarespace.com/static/64ca7...

static1.squarespace.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Thinking a lot about those state officials suddenly being asked to pick up the pace on climate in light of the feds (temporarily) reversing course. How can we help them succeed? I'd start by showing them frameworks that are already working outside their states that they can replicate.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

All state spending deserves a fresh look. How about getting states to adopt the Buy Clean policies to help decarbonize the industrial sector? The IRA and Biden Admin got this moving as did a handful of states featured here by Blue Green Alliance: www.bluegreenalliance.org/site/buy-cle...

bluegreenalliance.org

BlueGreen Alliance | Buy Clean

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Procurement decisions on all products & services should give preference to those with ecolabels - & ecolabels can continue to be strengthened. Here's a piece I wrote on the groundbreaking product preference rule put in place by the Biden admin that can be replicated. www.forbes.com/sites/johnko...

forbes.com

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Reposted by @kostyak.bsky.social

Hunter Walker @hunterw.bsky.social · 11/11/2024

A very funny thing about Threads is that it started when Bluesky had been closed off for way too much of its launch. Good internet people really wanted Threads to work. They raised key concerns and gave good advice to Adam Mosseri and his team. At every turn the Facebook execs did the opposite.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

In addition to the climate and water benefits, this would be great for local economic development. This massive solar buildout would make the Central Valley a must-see tourist destination for climate hawks.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

@leahstokes.bsky.social & Adrian Deveny on making climate progress after last week's setbacks. Agree strongly on the need to enact ambitious state policies & bring Trump voters into the fold. I'd add: train/recruit more climate champs to run for office. www.canarymedia.com/articles/pol...

canarymedia.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Would love to hear more from climate reporters digging into the rapidly-escalating carbon footprint of "typical software."

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Crypto is a cesspool for criminals seeking to launder their ill-gotten gains (& crypto mining is a climate disaster). All eyes are now on DOJ's investigation of Tether for money-laundering as top Tether investor assumes the helm of the Trump transition team. www.politico.com/live-updates...

politico.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Will the big US automakers be seduced by the sudden opportunity to weaken pollution rules and wipe away EV tax credits? This would weaken their global competitiveness & set them up for some harsh policy reversals in 2028 or 2032, but long-term thinking is not exactly their strong suit.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Time for sustainable finance advocates to focus much more on investors' political activity. Oxfam says "the investment footprint of the super-rich is the most important element of their overall impact on people and the planet." This certainly includes investments in politicians & policy.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Litigation over CA's climate disclosure laws has taken an interesting turn. In a ruling this week, the court said it needs info on whether the laws "regulate a substantial number of companies that do NOT make potentially misleading environmental claims." www.paulhastings.com/insights/pha...

paulhastings.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

So, to improve its chances in winning this First Amendment battle, the state will need to provide evidence that corporate climate claims are infected by rampant greenwashing. Imagine there are a few people on this site that could help on that front.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

The arrival here of climate leaders from the hellsite formerly known as Twitter is picking up steam. Welcome and everyone follow @bmcushing.bsky.social!

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Now is the time for all of us to reach out to our friends who are recent immigrants. The new regime has promised mass deportation. Those of us whose ancestors came here a generation or three ago can let them know they are not alone, we will be there for them & help them stop this brutal attack.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

The information economy is rotten from top to bottom. Lessons from Trump’s election about media policy: mattdpearce.substack.com/p/lessons-on...

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

pretty good analysis of the state of our information ecosystem. The climate information ecosystem is in even rougher shape.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Time to come to grips with how many people in this country feel like the federal gov't is not there for them when it comes to just getting by economically. And let's not forget it was Trump who delayed delivery of pandemic income support so he could put his name on the checks.

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Reposted by @kostyak.bsky.social

Charlie Warzel @cwarzel.bsky.social · 05/11/2024

If you're on this site it's because you already know all this stuff...but a few weeks ago I decided to do an exercise which was to publicly make the case...not to shame people but just to lay it all out there as best I could. (gift link) www.theatlantic.com/technology/a...

theatlantic.com

X Is a White-Supremacist Site

Elon Musk has made one of Twitter’s most glaring problems into a core feature on X.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Can't disagree w this investor that there's massive amounts of unpriced climate risk in the housing market most people are ignoring. But climate smart investing means reducing portfolio emissions, not just searching for real estate resilient to extreme weather. www.washingtonpost.com/climate-envi...

washingtonpost.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

And yet the markets continue to price in a major role for gas peaker plants.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Not that I'm worried about tomorrow, but it would be so tragic if the Biden-Harris team's energy transition work was suddenly tossed aside in January. E.g., check out this @volts.wtf episode on DOE's clean tech commercialization work. Really inspiring stuff. www.volts.wtf/p/the-depart...

volts.wtf

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Here is how The Geneva Association (insurance industry) is using these metrics. www.genevaassociation.org/publication/...

genevaassociation.org

The Geneva Association

Keep up to date on social media

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Interesting to me that the leading climate risk assessment framework, the Task Force for Climate-Related Disclosures (TCFD, now part of ISSB) does not appear to have used metrics of this sort. Unless I've missed something?

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Total is saying that its oil exploration is continuing bc peak oil demand won't happen until after 2035. According to this oil major, we'll blow past Paris targets & destabilize our climate bc the Global South needs oil to address energy poverty. www.reuters.com/business/ene...

reuters.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

The Chesapeake Climate Action Network crew came out in force for Harris-Walz in PA this weekend. Here's one of my many great conversations w south Philly residents. Feeling inspired by the historic turnout effort all across the state!

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Majority of investors surveyed by MSCI say that the central banks' climate scenarios understate the economic fallout. They're also pessimistic about emissions reductions. So what's their climate risk strategy? www.msci-institute.com/insights/com...

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Lots of talk in this study about becoming more "agile" about asset allocation. It's pure fantasy. There is no diversifying away from the fallout from 3C. Time for investors to talk about policy engagement & helping reduce emissions & systemic risk.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

John Paulson, billionaire investor & close Trump confidante, wants to repeal the Inflation Reduction Act & focus on fossil "energy dominance." He's now openly campaigning to be Treasury Secretary, saying he "wouldn't expect a Senate fight" over his nomination. www.wsj.com/politics/ele...

wsj.com

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Exciting new IEA outlook for solar PV, wind turbines, electric cars, batteries, electrolyzers & heat pumps under today's policy settings. Markets for these 6 technologies expected to grow 3X by 2035, rivaling the size of the crude oil market. www.iea.org/news/global-...

iea.org

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

With climate impacts worsening, the direction of global policy is only going one way, toward clean. So this 3X estimate is highly conservative. Continued investments in fossils worsen the carbon bubble & make us ever more vulnerable to a financial crash.

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kostyak.bsky.social @kostyak.bsky.social · 14/11/2024

Pretty good explanation for why SEC-mandated transition risk disclosures freak out the oil industry: "Nobody knows when the moment of peak oil and demand consumption will come — or when the trickle of investors fleeing fossil fuels will turn into a stampede." www.nytimes.com/2024/10/21/o...

nytimes.com

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