this post was submitted on 04 Sep 2023
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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades: Graph of temperature as observed with significant warming, and simulated without added greenhouse gases and other anthropogentic changes, which shows no significant warming

How much each change to the atmosphere has warmed the world: IPCC AR6 Figure 2 - Thee bar charts: first chart: how much each gas has warmed the world. About 1C of total warming. Second chart: about 1.5C of total warming from well-mixed greenhouse gases, offset by 0.4C of cooling from aerosols and negligible influence from changes to solar output, volcanoes, and internal variability. Third chart: about 1.25C of warming from CO2, 0.5C from methane, and a bunch more in small quantities from other gases. About 0.5C of cooling with large error bars from SO2.

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Irish-based banks invest almost €6bn in climate-harming industries in poorer countries (www.independent.ie)
submitted 1 year ago by silence7@slrpnk.net to c/climate@slrpnk.net
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[–] Lugh@futurology.today 0 points 1 year ago (1 children)

Ireland needs to tackle this by getting EU-wide consensus. It already has tough climate requirements for domestic banks, these banks are foreign subsidiaries (mostly American) based in Dublin to be in the EU. If just one EU country gets tough on them, they'll move to another. This action needs to be tied to their access to Europe & done at the EU-level.

[–] MrMakabar@slrpnk.net 0 points 1 year ago (1 children)

Since they are US banks, they would just move the financing to the US, which is no problem as most of it is already fairly US centric. That is also true for all large EU banks. They all are also in the US and other countries.

The other big problem is that the EU still uses fossil fuels, so cutting it is not possible without causing supply problems, if not done right.

[–] Lugh@futurology.today 1 points 1 year ago

Since they are US banks, they would just move the financing to the US

No, they are in Ireland because the EU requires some of their operations to physically be located in the EU, to have access to the EU single market.

[–] DieguiTux8623@feddit.it 0 points 1 year ago (1 children)

Typical island mentality, what happens there won't affect us here. Hope the sea level rises soon.

[–] MrMakabar@slrpnk.net 0 points 1 year ago

Greedy banks pouring money into fossil fuels is hardly only an Irish problem. Globally the banks invested over a 100 times more into fossil fuels then just Ireland. Just to make sure you blaim the right people.

https://www.bankingonclimatechaos.org/