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Patrick Loftus

@patrickloftus.bsky.social
549 followers 1K following 80 posts

MA in #Degrowth, economics, ecology, & policy via ICTA-UAB. Studying #MMT and ecological economics at Torrens University via @modernmoneylab.bsky.social Cofounder: www.modernmoneylab.org / PivotAll He/him. Opinions my own.

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Patrick Loftus @patrickloftus.bsky.social · 10/06/2025
Image: Lucille Bluth meme from Arrested Development.

Text overlay: It's one baby, Michael. What could it cost, 1000 dollars?
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Patrick Loftus @patrickloftus.bsky.social · 17/04/2025
Congrats @stephaniekelton.bsky.social on winning the debate! Now someone go tell Congress to learn #MMT, ditch the fear-mongering over the national debt, and get their priorities straight. The people have spoken.
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Patrick Loftus @patrickloftus.bsky.social · 07/04/2025
Uh oh
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Patrick Loftus @patrickloftus.bsky.social · 02/03/2025
This set of demands from the 50501 movement is shaping up nicely. I fully endorse.
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
Ongoing Cross-Cutting Priorities
Public Engagement: Mobilize grassroots movements to sustain political will.

Equity Focus: Prioritize frontline communities in policy design and funding.

Adaptation: Integrate climate risk into all infrastructure and economic planning.

Critical Milestones by 2029
Global emissions reduced by 25–30% (vs. 2019).

Renewables supply 40% of global electricity.

Fossil fuel use down 20% with coal phased out in OECD nations.

Deforestation halted, with 150M hectares under restoration.

This sequence requires simultaneous, interdependent actions rather than strictly linear steps. Success hinges on unprecedented cooperation, innovation, and equity. While daunting, this roadmap aligns with scientific consensus on avoiding catastrophic warming—if started immediately.
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
2028–2029: Consolidation & Justice
Just Transition Safeguards

Ensure workforce retraining and social safety nets for fossil fuel-dependent communities.

Embed Indigenous leadership in ecosystem protection efforts.

Global Behavioral Shifts

Promote plant-based diets and sustainable consumption through education and subsidies.
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
2027–2028: Accountability & Innovation
Monitoring and Enforcement

Establish a global climate oversight body to audit progress and penalize non-compliance.

Deploy satellite systems to track emissions and deforestation.

Breakthrough Technology Scaling

Invest in next-gen batteries, direct air capture, and green hydrogen to bridge gaps in hard-to-abate sectors.
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
2026–2027: Equity & Adaptation
Climate Finance Activation

Deliver $100B/year to developing nations for adaptation and clean energy via mechanisms like the Loss and Damage Fund.

Debt relief tied to climate resilience projects.

Urban & Infrastructure Resilience

Retrofit buildings for energy efficiency and deploy climate-resilient infrastructure (e.g., flood barriers, drought-resistant crops).
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
2025–2026: Systemic Shifts
Industrial Decarbonization

Transition heavy industries (steel, cement) to green hydrogen and carbon capture.

Enforce energy efficiency standards and circular economy practices.

Agricultural & Land Use Reform

Redirect subsidies to regenerative farming, reduce methane from livestock, and cut food waste by 50%.

Halt deforestation and begin large-scale reforestation/peatland restoration.
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Patrick Loftus @patrickloftus.bsky.social · 28/01/2025
2024–2025: Urgent Foundations
Global Policy Mobilization

Strengthen the Paris Agreement with binding national targets (NDCs) to cut emissions by 45% by 2030.

Implement carbon pricing mechanisms and eliminate fossil fuel subsidies globally.

Launch international treaties to phase out coal by 2030 (OECD) and 2040 (non-OECD).

Renewable Energy Surge

Triple global renewable energy capacity (solar, wind, geothermal) and invest in grid modernization.

Fast-track permits for clean energy projects and ban new fossil fuel infrastructure.

Transportation Electrification

Mandate zero-emission vehicle sales (60% of new cars by 2030) and expand public transit/EV charging networks.
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