How The "Net Zero" Investing Market Became Worthless Overnight
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- Опубликовано: 23 сен 2023
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#esg #investing #finance
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Companies are under a lot of pressure from investors and customers to reduce their environmental footprint. Carbon offsets were an easy solution that for a while kept stakeholders happy. Unfortunately for the companies patting themselves on the back for their ESG efforts, people eventually realized that these offsets have achieved nothing. Major investors have lost hundreds of millions of dollars in just the last week, and now a multi-billion-dollar speculative market that you weren’t supposed to know about is imploding… Any time you see a company promoting a product as carbon neutral it got that status by buying a security off an unregulated financial market.
If a clothing brand like Gucci emits one ton of carbon to produce this hideous pair of flip flops, they can buy a one ton carbon credit to offset their emissions and market their shoes as carbon neutral. There are two major non-profit organizations that dominate the market for these credits, Verra, headquarter in DC and Gold Standard, headquartered in Geneva Switzerland. These organizations do not remove any carbon themselves; they audit OTHER companies or projects like carbon sequestration, forestry and agriculture. If you own a company that can prove to Verra or Gold Standard that you have removed a ton of carbon dioxide from the atmosphere or prevented it from being released in the first place you can get given a Verified Carbon Unit.
Verra and Gold Standard both have an application and verification process for companies that want to start receiving Verified Carbon Units. Verra charges an application fee a verification fee and a fee of ten cents for every carbon unit awarded with a discount applied to companies that are issued with over one million carbon units in a calendar year. If you owned a company that was reducing carbon emissions in a way that you could verify with these organizations, it’s worth paying these fees because you can then take your carbon unit and sell it at a markup to a company like Gucci so they can sell their flip flops as carbon neutral.
This entire process is separate from the legally required cap and trade programs like ones enforced here in California and in the European Union. But if this is entirely voluntary, why are companies paying millions of dollars every year to buy these credits?
Well, there are three reasons, and none of them of them are because these companies really care about the environment although that’s what they would like you to think… It’s not even for the marketing, a survey conducted by the Harvard Business Review found that 65% of respondents said they want to buy from purpose-driven brands that advocate sustainability, but only 26% actually did. If you have ever seen a carbon neutral logo while doing your shopping and acted on it well done, but most people are not like you.
The three REAL reasons companies are spending billions on these voluntary credits are the same reasons that the whole system is now falling apart. The first reason companies are actually doing this is because it let’s them take advantage of new investment trends. ESG stands for Environmental, Social and Governance and it has been a popular investing practice since 2008 when a lot of companies were criticized for immoral conduct. Investors wanted to put their money into companies with good ethics for two reasons.
So it’s time to learn How Money Works to find out how a well intentioned plan turned into a multi-billion dollar bubble.
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Who saw this coming? 🙋🙋♂🙋♀😂
We need laws to help employees negotiate for better wages and less of whatever this was
Can you do one segment on MMT and why a *theory* just like *renewables* are being forced on the taxpayers...
This is just clear cut money laundering.
I used to work for a company that was "zero waste to landfill". We had 3 types of trashcans everywhere. I think I remember them being something like compost, trash, and recycle. Then I remember how the custodian would come around and empty all 3 into the same bin to take them out. I WAS ENLIGHTENED about corporate greed.
The same in China, 4 coloured bins but everyone uses any bin colour, that is if they dont throw it on the ground. One truck comes and it is all emptied into the one truck.
We had exactly that same situation at my previous company. The building management didn't give a rat's etc. and the janitors were ignorant, unscrupulous ####s. The other problem was that my fellow engineers were such twits that they kept throwing garbage in the recycling and compost bins.
I used to clean the kitchen vent hoods at HP headquarters, they wouldn't allow me to dump any of the water i used, so instead of the grease trap catching it, it went into storm drain down the road
the garbage companies mix the stuff, don't blame the janitors. the recycling bit is a lie. they have machines that separate the stuff in trash cans at the recycling facilities.
@@SoloRenegade Not to mention that the rules about what can and can't be put in which bin is unnecessarily confusing. In a lot of ways, it was easier in the past when we had to separate out the metal, glass and paper from the plastics. At least that way the paper, glass and metal went to the right place with the plastics being a problem. There isn't any consistent way of knowing what can and can't be recycled in terms of plastic due to those stupid sorting machines.
I've always felt CC's are NFT's for companies.
Never make this compassion myself... but it's scary how true it is.
That's kinda taking it too far.
But I can't refute your point. It kinda is, yes
It's the Better Business Borough scam when companies pay for the equivalent of indulgences from the medieval catholic church. It a waste of money
Both have: a product that exists only as a placeholder for something tangible, add no tangible value, have inflationary markets based on hype, only benefit the inner circle.
Yeah they're a little similar.
They’re just indulgences for the modern religion of so-called “science”.
The saddest part about these scams is that the people that have fought against it from the very beginning will never get a thank you or an apology. Just the world we live in.
useful idiot is to be used idiot
I accept your thanks and will pay it forward
I always found it baffling that you could "offset" your emission when booking a flight. To get rid of that carbon, you shouldn't offset it through some vague non-profit half a world away. You should simply just not fly.
So how would you make less people fly? Easy. Increase the cost. I.e. a carbon tax. The only thing that will actually use market forces to drive both consumers and businesses towards option with actually lower emissions. But all these big companies hated that idea and muddied the waters with those vague ESG promises and carbon credits. It's all a big scam and distraction to keep us from looking at the real solutions for our problems.
There are two types of these people who "fought against" ESG and carbon credits.
1. People who actually cared for the environment and saw that these Carbon Credits as a band-aid solution to cancer. They want actual solution to climate change.
2. People who deny the human made problem of climate changes, so they call ESG "woke investing"
The second group does not deserve any thanks and will continue to perpetuate the problem.
@@Niosus You can't artificially make flying (insert any other form of transport) more expensive. Well, you can, but you open the door for corruption. Where will this tax money are going to go? How will they be spent? Who watches over the money?
I'm all for this if we lived in a perfect world with no corruption. In a perfect world flying can be taxed and with the money they can build fast rail systems, which are way more efficient and not that much slower, specially over short distances. But we know the money will just sink into 1000 middlemen's pockets on the way to the destination...
Carbon credits are basically the equivalent of a company paying a someone to shovel some dirt over a chemical spill and tell people the spill never happened.
Lmao😂😂😂😂
Yes. Even worse, some threaten to remove the dirt again if the shoveling doesn't make them richer. Capitalism at its peak.
its exactly that
💯
😂😂
They sold the fact that they weren’t going to take down some trees that they never even wanted to take down as carbon credit? Fu**ing amazing stuff right here
They were literally making money out of thin air :D
At the same time in EU when there was a proposal to include country gain in woodd mass in CO2 balance for that country, it was dropped. Ehh.
Real multi-million $ move. They only care about money and will literally sell you without your consent, modern slavery.
I was planning to have a trans Atlantic fight be my daily commute each day for the next year, then decided not to. Can someone please give me $$$ for saving the planet?
I also saved billions of trees from getting cut in the Sahara desert, i truly did a great job. Won't someone give me money for that?
Difficulty : getting the news media to *stop* touting this to the public as a great idea and to admit that it was a scam the whole time.
The dems and the college care bears University smucks UN glassbacks and the World health organization pencilnecks are never going stop talking about its how they get all the votes absolutely disgusting tactics
That would mean politicians admitting to the masses that they are beyond incompetent on the matter. Not only is it a career ending move, it also means pissing off a lot of people with very deep pockets.
The entire leftism project is shaming productive members of society to buy absolution from the intersectional church. The same scam the same people were running in the middle ages, but to open the doors of paradise to the rich sinners.
Fun fact: The "free" Western media is owned by the same capitalists cunts that are killing the planet
Why would they do that when they are getting paid by these companies?
My favourite part about this whole situation of "Carbon credits" of any type is that people GENUINELY believed (and some still do) that mother nature accepts cash 😂
She takes credit cards too... except Discover. Nobody takes them.
This is terrific news. My own company seemed at risk of drifting into greenwashing like this. They've kept fairly quiet since I pointed out that carbon offsets that cost less than $50 or $100 per ton were a scam and would suggest that they were paying for a sticker.
I definitely take the offer of purchasing carbon offsets as a sign that the company is very environmentally destructive?
Virgin airlines asked if i wanted to purchase some with my flight and I opted not to because it obviously made no fucking sense.
@@cleopatraonlyfans If you believe the theory - water vapor is the real problem. It never gets mentioned.
Water Vapor (WV) is a greenhouse gas as potent as CO2 according to theory. On average there is 50 times as much WV in the atmosphere as CO2.
The fact that it is non-persistent is often mentioned. It doesn't have to be. You can AVERAGE (integrate) the effect. There is on AVERAGE 50 times as much.
Non-persistent ==> Definition - only heat trapped by CO2 molecules can evaporate water vapor molecules. The heat water vapor traps doesn't cause water evaporation.
@@msimon6808dude don't you have an insurrection to attend to? So speaking nonsense. Water (you don't have to say "water vapor" every time, and this shows how little you understand of basic chemistry) is not a greenhouse gas and no GHG is more worrisome than canon dioxide. You're really really wrong. Seriously drop the random blog research and go take a class.
@@monad_tcp Thank you. What I showed is that the whole idea of GHGs is a fraud. Self refuting.
@@monad_tcp the energy is dissipated by the wind???? It is DISTRIBUTED by the wind 😂
Good video. Just so everyone knows, ESG is morphing into SDG (Sustainable Development Goals) and SDG will likely morph into some other acronym. The control system is simply ditching terms like ESG when they get too dunked on by the internet as people get wise to them. The same thing is done with unhealthy ingredients on food labels; they just change the name of the bad ingredient once too many people catch on to it. I just want people to be aware that it's the corrupted CONCEPTS we need to be aware of as terms like "ESG" will come and go; the shady practices are here to stay.
The War On People in Pain Continues. War On Drugs sounds better. Only the drugs are getting hurt.
Not sure exactly what you mean by "morphing" but ESG and the UN SDGs have overlap yes, but are pretty different in what they are trying to acheive. The "environmental" in ESG is covered but the social and governance pertains more to corporate structure. SDGs are global development goals that countrys and their governements strive towards acheiving, not to just make a more environmentally sound planet, but a more equal one. Theres no talk of womens rights and access to clean water in ESG, but there is in the UN SDGs.
natural flavors...that ones gonna fuck a lot of people up
What the actual fuck are you talking about? SDGs refer to the UN development goals which in turn evolved out of the Millennium Development Goals and includes things like resolving global hunger and poverty. ESG is just the private market buzzword for environmental, social, and governance factors.
Stop reading/watching random shit on the Internet and try picking up a book or actually talking to people that work in the space.
@@msimon6808Most people are perfectly okay with junkies getting hurt.
Planned obsolescence will never be carbon neutral
Perfectly put!
Do you trade the Stock market?
Theoretically it can be. Planned obsolescence is more of a waste problem first than about co2. I built you an old style broom with just wood and ensure it breaks apart faster than it normally should and you just got carbon neutral planned obsolescence
I felt I may just be biased in thinking that ESG scores in general as a scam, but the more I am learning about them, the more it looks like my first impressions and gut feeling were right.
Interesting to learn how that "carbon neutral" market actually works: looking at some of the companies marketing their product as such I had some perplexities, but the whole voluntary credits business explains it.
Not only that, but more CO2 is actually a net benefit, You never hear about the positives of higher atmospheric concentrations which is a big red flag that the other assertions may not be entirely correct. There are trillions of dollars at stake with proposed solutions. And some countries are soooo big at anything that EU and even the US can do is lost in the noise of having an impact. Some countries emit more than the entire rest of the world combined and increasing while everyone else has been stable for a decade.
@@sdrc92126please SHUT UP WITH THE DAMM DENIALISM. LOOK OUT THE F$ WINDOW.
No there are no upsides. Crops won't grow more, this has been debunked several times. A higher temperature alone can make even clorophil stop working, thus virtually killing photosynthesis (forest canopies in dry tropics are already experiencing limit temperatures). Plants can't adjust for more CO2 this fast just as they can't for more temperature. STOP BELIEVING WHAT YOU READ IN BLOGS
it's common sense to be thinking how the fuck is Shell carbon neutral they must plant a billion trees a year lol
ESG is not only socialism trying to be implemented by evil people: it's literally a scam made by big companies to pretend to give a shit about people while continuously remaining on top.
That's because you have common sense and understand that green things and guitars are for PR purposes, not making money. I have nothing against companies making a profit. But it irks the hell out of me when they show green things and play guitar music trying to tell me they're environmentally beneficial. Give. Me. A. Break.
The issue with ESG investing is that it is not obvious what is ethical, and ESG basically just says “what is politically popular with one side of the OECD’s political spectrum is what is ethical.”
Even if you accept that premise, the fact is that using such rubric opens up firms to risk from those that disagree.
the problem with ESG investment is that it's still a part of a system where the goal is to increase profits while spending as little as possible on R&D or the business. so of course, companies choose to just appoint a few token people and take the easy way out of climate regulations.
Dude why is everyone in the comments section using these acronyms whose meaning I do not know. Omgggggggg!
@@politismos3929 if you don't know what R&D and ESG are you need to google both and decide whether you want to be online a lot more or less.
It's politicized investing. End of story.
@@politismos3929look it up clown
Who would have guessed that people that grift for a living would find another grift.
You are wrong.
@@reeveselonmusk please marry me
How can I reach you on telegram?
Am available
Finally someone says this out loud.
This topic has been in the Environmental Science/Policy curriculum for at least a decade. We've always known that carbon offsets don't work and are a scam, but capitalism runs the show.
Yes, as the commenter above said, this has been just a shitshow for some while. Suits patting themselves on the back.
thunderf00t anither youtuber has made a three part series on explaining climate change and its effect.
More accurately "finally somebody that isn't either branded and/or self-described right-wing says it out-loud, and therefore won't be brushed off as a science-denier"
Buisinesses are doing regular buisiness stuff in response to climate change. Private capital and the free market will save us.
This whole scheme reminds me of those coupon books you could buy for $20 or so. They touted, "Over $5,000 in savings!" You were buying something that would only "save" you money if you spent more money. This carbon credit market promised you'd save carbon emissions, but they'd need to produce emissions to generate the "savings." They turned their imaginary "savings" into real dollars in the same way your imaginary "savings of over $5,000" became real money for the person who swindled you into buying the booklet of coupons.
1:00 They are called “Slides”! Do you think I’d spend $500 for “flip flops”? Put some respeck on the name. 😢😢😂😂😂😂
unless "slides" becomes a household name like flipflop, it's just a ovepriced flipflop. stop coping.
@@karmanderdimdung223The Gucci website calls them slides and therefore slides are what they are! Respeck the name!!!😂
Possibly the coke snorters could replace all the plastic plants in their offices with those carbon sequestration units, typically known as natural plants. It would help with their personal development, and objectivity in making conscionable, sustainable decisions. I always knew that those offsets were funding beach houses in the Bahamas and white powder applied to the nostrils.
This isn't about making the world a better place. It's a scam.
Addiction is a symptom of PTSD. In America the usual cause is child abuse.
oh but thats work to keep those real plants alive! they dont have time for that! its all about snortin and making money! theres no time to make sure those REAL plants are alive and well to help things out around the office! lol
That means paying someone to then water and look after the plants, which the companies don’t want to do,as it costs more money.
Coke snorters.....🤣😂🤣😂
People don’t understand that even just planting a tree isn’t carbon neutral, at least for a good while. The idea of a synthetic product being carbon neutral, is delusional.
THIS
Actually a growing tree (like a sappling) takes up way much more carbon than a grown mature tree.
But yeah I get your point and your overall idea is correct.
At this point we really do need some industrial tech that truly sucks carbon from the air and turns it into diamonds or something, and fast.
@@FelipeKana1or the average temperatures will go back to where they were in 1600s?
Also carbon is, in fact, needed for plants to grow. So if there's a deficit of carbon, crops will yield less.
I don't really like the idea of depopulation in name of sustainable lifestyle.
@wumi2419 are you aware the sun is emitting 17x the amount of energy since then? Also are you aware that just until recently, we've been in a cooling period?
There’s only one thing you can do to maximize your carbon neutrality. Anyone espousing carbon neutrality obviously hasn’t taken that step, and that’s how you know they’re hypocrites.
ESG the thing that incentivizes companies to hire people based on their skin color, what genitalia a person has and what genitalia you wish you had. Sutch good incentives for a company to be productive.
I remember carbon credits being brand new. We didnt need a decade of proof that this relationship was fraught.
Companies polluted where we wished they wouldnt. So lets make other companies specifically to offset the pollution of that first group and hire a thrid group of desk jockeys to make sure it works AND they will be profitable..... It was always stupid.
As a language teacher with an MA in Applied Linguistics research, I find it pretty hard to believe there is robust evidence that Babbel is "scientifically proven" to help the average person learn languages.
To be fair, it probably does help the elite subset of 'good language learners'. But they learn almost no matter what; they're a unique group. But I have seen almost nothing that helps the 'average person' because they tend to lack the study or language usage habits that makes foreign language learning possible. An app is unlikely to solve that issue. Language teachers hardly do better.
If they had done what they should have done, belief would not be required. Nobody should ever say anything is scientifically proven without citing the relevant studies.
As someone that is bad at learning languages; Apps like Duolingo and Memrise don't work very well on me.
Mind you, I haven't tried Babbel, but I doubt it's any different.
might as well say don't bother to learn another language even if you're interested.
If someone is motivated to learn a new language though, what would be your advice for them?
what then is the best route for someone who wants to learn??
I literally watched the ethical investing video 15 minutes ago... This video dropped while I was watching it.
Carbon credits always seemed like protection money. That's a nice company you have, it would be ashamed if anything happened to it 🤫.
Yes, but also like ransom for the forest.
"Hey give me money or else I'll burn down those trees"
CCs are just indulgences. “When a coin in the coffer sings, a carbon from purgatory springs!”
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
Professionals are currently crushing it because they have both the necessary approach to profit in this market as well as access to insider market knowledge that is not made public.
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
@@bsetdays6784 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@cloudyblaze7916 Funny that you brought that up-I can definitely sympathize. I'm not sure whether I can say this, but look up Mrs Marisol Cordova; she received a lot of press in 2020. She also manages my portfolio.
@@bsetdays6784 This recommendation comes just in time because I'm literally grasping for straws right now! I looked her up on the internet and made plans to call her.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.
You are right! I diversified my $500K portfolio across various market with the guidance of an investment coach, I have been able to generate a little bit above $1m in net profit across high dividend yield stocks, ETF and equity during this red season in the market But the truth is that you cannot do that without a tested trading strategy
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
Finding financial advisors like Margaret Johnson Arndt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I wanted to offer carbon offsetting as a benefit to my employees and had some calls with some of those offsetting companies to become a customer of them. When I asked them where these credits were coming from and really dug deep, they told me about these kinds of projects. I wanted to invest into carbon removal and not into companies that are emitting less co2 than they would otherwise do.
In the end, we decided that we would sponsor re-forestation non profits directly, as the impact will be the biggest, even though we don‘t get exact numbers on being climate neutral
Yeah, to hell with offering them a raise, I guess.
5:20 - 5:29 - EVs are actually extremely polluting, not in their operation or even in their manufacturing but in their raw material sourcing process as well as being abusive of people working in resource extraction
This mindset and thought process is what is necessary on a macro and micro level in Nigeria.
If we have a 100 of this guy strategically embedded within our Government and Ministries, there will be a positive change!
There's no reason why we can't have a multi-pronged approach to resolving Nigeria's issues, with proper planning and coordination. It will take time and we have to start now!
Nigeria is too rich in human and natural resources to be in the mess we are currently in...
Gee, who coulda ever guessed that Carbon Credits were a scam? Everyone...
Do you trade the Stock market?
@@reeveselonmusk I don't share personal details to strangers online.
Am available
On Telegram
>
ESG rubbish aside, the problem with CCs and offsets has been lack of transparency and credibility. The basic premise could do significant good if executed properly. Brazillian rainforest for example, massively deforested becuase the financial reward for damaging it exceed that of protecting it and when people need to put food on the table ideologies and even tomorrow become irrelevant. This pattern repeats around the world and only material financial upside will stop it.
That "if" is doing a lot of heavy lifting. Money is changing hands between CC companies, polluters and companies claiming to be sequestering carbon. None of these three are sending out inspectors to make sure the land is actually preserved, none are preventing other companies from claiming to represent the same stretch of land, none are enriching the local populace who would turn to logging, none are funding the Brazilian government to protect the Amazon and none are punishing bad actors. This scheme was doomed from the start.
The problem is that there are too many easy (cheap) credits lying around. For instance, Tesla had a massive pool of CO2 credits as they got some for every EV manufactured. In fact, selling those credits was what kept Tesla afloat back then. It doesn’t incentivise companies to reduce CO2 if they can just “buy” a reduction already made elsewhere.
As for the rainforests, I’m beginning to feel that no scheme, incentive or penalty is going to protect those forests from being damaged further. Only guns will. Most of the deforestation there is already illegal.
Love the intros continually getting closer towards the end of the video
Glad this is finally coming out. I know of a company that claimed Carbon Credits from their work, but they knew they did not meet the Verra standard that they initially set up. It appeared to me that no one wanted to work to change the standard to actually account for the true carbon savings.
I know several people in the roof top solar business and asked them who is claiming the "Carbon Credits" for sustainable electricity generation. No one seems to know. I found this hard to believe since this would be one market where you could account for the savings accurately.
Pretty much we’re being forced to buy it like Healthcare insurance.
As I always say....
Every system eventually gets eroded down to being abused and min maxed in finances, instead of actually doing what its mean to.
How to fix it?
Update and revise regularly.
But thats expensive and uncomfortable....
Carbon Credits were always a grift. Planting trees now isn't going to help the continual emissions into the atmosphere. All the CCs did was to give a fake moral high hand to people and companies.
The fix is to actually punish the people who do shit like that. But that ain't gonna happen, we'll never see anyone go to jail even tho they literally committed fraud
This was a really helpful guide and didn't spoil the game either. Thanks!
I looked at ESGs for my masters thesis and all our research suggested they was either no or negative correlation with esg scores....whoops
Yup, get woke go broke.
It's probably worth mentioning somewhere that ESG was more about checking some boxes favored by left wing politics than being ethical. Lots of companies with less-than-ethical practices around transparency, wages, and relationships with repressive resumes still boast being "ESG" friendly.
Yeah sure, but consider turning this argument around - left wing politics will deregulate you so long as you keep on saying what they want to hear and keep on playing into their delusions, or alternatively, regulate you when you choose not to do that.
*regimes
Like oil companies all being ESG?
Well said
What would actually check my left wing political boxes:😮 workplace democracy, and actual carbon caps(heavy penalties for polluting over cap, no credits)
This reminds me of the Catholic Church just before the Reformation where they'd sell Indulgences( basically a get out of sin free card).
Absolutely, pop into the confession booth each Sunday to clear the sin sheet for the upcoming week😂😂 you are forgiven for being a crooked religious subject, go forth and sin again my child😂
11:05 That island is awesome! :O Would love a cabin there if somewhat accessible
I remember seeing reports on how offsets are absolutely useless for so long. It's disappointing to see how long it took to crack but at least it fell hard.
I consulted for an oil and gas operator to determine their impact and figure out what they needed to do to get their gas certified. Instead of fixing issues, they used this to ID assets to sell and basically gave away lower productivity higher impact assets.
Well, not the worst outcome... not the best, but could've been a lot worse.
Hi, congratulations, nice video! I think I'll take inspiration for my next video.
Brewery I work in I think does pretty good job of going for actual practical solutions.
Most of the barley comes from around 40km radius.
Production of beer forms CO2. The place also produces sodas so the CO2 from beer production is collected, purified and used in carbonating sodas.
Left over malt and yeast mash is used in bioreactor to make gas (methane?) that can be used as energy source or it can be used as fertilizer for the same fields that produced said barley or as animal feed.
The molecule shown in the first frames is carbon monoxide, not carbon dioxide.
I came to the comments to say this! That triple bond made me do a double-take!
It was never well intentioned. It was a grift from day one
Right. I think people meander into corporatism and just slowly lose the ability to think ethically by nature. It's almost an initiaition.
Hello, there is one point in the video I would like to correct here. (Around minute 8:30)
In tearms of the carbon trade in the EU, the large registerd companys have no limit of CO2 they can emmit. They have to buy "licences" for every single ton of CO2 they emmit. Differing from the branche they are in they may get some for free, but over the time every single certificate has to be baught.
So in summary they have to pay for every ton they emmit and not every ton over a limit. The limit is set for all of the EU and it isn't allowed to emmit more. If they emmit more then they have certificates, they have to pay large sums as a consequence (stand now 125€ / t)
This is a briiliant report, thank you!
The S in ESG also stands for Social and your ESG score was largely based on how well you fit the ESG social and political initiatives which is part of why so many corporations that clearly don't give a crap about anything other than money started pretending to support minority groups. The failing of the ESG now is the reason many corporations are suddenly reversing corse because in the process, many have been needlessly rude and even hostile to customers who didn't like these changes for various reasons but now those customers are their only source of money again.
Weather you like it or not, expect to see less and less situations like Budeiser virtue signaling. They would never admit to any wrong doing so don't expect any sort of apology if you've been personally insulted but it's about to stop.
We're definitely gonna see more of that in the future. Younger people are getting more progressive, older people who are conservatives die off. So of course companies are keeping pretending, especially when the younger generations get purchasing power
So carbon credits don't actually mean anything when they can just be purchased. It's like a diploma mill just handing diplomas to anybody who can send in $200 for an application fee.
And that’s the issue. It’s not that simple. Carbon Credits can do some good. Like for example if you use that money to re-nature wetlands. They are extremely effective for sequestering carbon.
But those projects are of cause much more expensive.
@@Climate.Realist Oh, so it's like saying you're not a criminal if you threw someone out of their car and took off with it but then paid someone else to volunteer in a homeless shelter.
@@KTSpeedruns You're confused.
I'm saying: With some activities, it gets dirty. Like you want to renovate your home. Some walls need to go. That's just how it works.
So you produce trash but then you pay a professional to help you, cleaning up the hard to recycle rest. You don't leave it in nature.
However if you pay someone to clean it up and they also just dump it in the nearest forest, nobody should be fine with that.
Awesome succinct video! 🎉
The fact that rich people use private jets to get to COP really tells you how much they care about climate change
Do you trade the Stock market?
There’s a interesting story on the American greed show about a guy who was essentially just selling randomly generated carbon credit keys from an excel sheet to companies making a ton of money while doing basically nothing. Had a warehouse and some pipes in to tank and was just issuing credits and buying new cars every month.
Do you trade the Stock market?
It's not surprising that no existential problems can be solved as long as profit and politics stand in the way
co2 is not an existential problem
You can't go carbon neutral without sending half the world's population back to pre-industrial ways of living. Today's renewable energy tech just can't cut it. Energy companies aren't hiding some super secret world saving green tech from us. The first one to come up with renewable energy that can actually compete with conventional energy would make 1000 times more money than Tesla.
What do you propose then, genius?
Unfortunately we don't live in an utopia, so profits and politics are needed, and you can only afford your lifestyle thanks to those.
... this nigga saidwe NEED politicians and profits to live. Ha!
Water vapor is the real problem. Can I get you interested in draining the oceans?
Water Vapor (WV) is a greenhouse gas as potent as CO2 according to theory. On average there is 50 times as much WV in the atmosphere as CO2.
The fact that it is non-persistent is often mentioned. It doesn't have to be. You can AVERAGE (integrate) the effect. There is on AVERAGE 50 times as much.
Non-persistent ==> Definition - only heat trapped by CO2 molecules can evaporate water vapor molecules. The heat water vapor traps doesn't cause water evaporation.
I feel like I can trust your channel now that you got a context warning, haha!
10:52 got me man, I have never laughed this hard while watch a investing market video
every time big company falls into a hole that they dig themselves, it's a win for us people.
You forgot about the part where the government use YOUR tax dollar to bail them out
Not really, see 2008 financial crisis. It's a lose-lose situation for the common folk.
But you are paying inflated taxes on everything to fund this corporate socialism sooo lose lose @@growinglifeorganic940
We need proper regulation and we need to change how we do business. Heck we need to change how we do most stuff. How we commute, how we use airplanes, how we depend on oil. This change is too deep enough and too hard, companies good will won't be enough. Sadly we need the govs to step in and push some stuff around. Incentives, taxes, and whatnot. Subsidizes for technologies like hidrogen. Is that or we will live in the Age of Heat
@@growinglifeorganic940 I don't care about the borrowers. The taxpayers had to bail out the banks. You among them. And a speculative purchase of a house makes you think you came out on top?
I have a carbon credit from Last Week Tonight With John Oliver. He did a really great segment on the Carbon Credit hoax.
Yes! I miss the Last Week
Lol the hack who will stream of consciousness anything the ivory tower leftists allow him to say?
We are truly in the most insane of times.
Reminds me of one of Rush Limbaugh’s fake commercials of “Ego centric ‘Hybrid’ decals” for your car.
Billionaires with Gulfstream jets : ‘ I’m fine, I bought carbon offsets’. Peon: ‘you are still pumping out mass amounts of CO2. How about sell your $100,000,000 jet, use that money to do something that reduces additional CO2, and fly commercial? Then you would actually doing something .’ Billionaire: nope
They know it's not actually a problem
I think voluntary credits could actually bring sense to the table if companys would only be allowed to use removal credits (projects that really get emissions out of the atmosphere). Reduction Credits like REDD+ that are produced out of thin air are the real problem.
YES!!!! I work in Brazil, in ESG, and I've been seeing this exact same problem everywhere! People threat "not polluting" as the same as "cleaning out the pollution". Bottomline, it's all useless! We need to be removing carbon for real. Not to mention mature forests are just carbon storage, they breathe out carbon as much as they photosynthesize
@3:15 nestle being used in a video about ethics and sustainability 😂
The fact that carbon credits prices fluctuates so much (and was that low in the first place) already proves that it had limited real-world basis
@6:26 The only thing this author got wrong is that this was never a well intentioned plan.
It was always about taxation and control. That is why Blackrock CEO Larry Fink has said that “we are forcing behaviors”.
I’m glad this video exists, because I see so many companies do these billion dollar pledges to be carbon neutral, yet no news reports of their commitments has made any effort.
It's almost like these companies saw the carbon offset episode of king of the hill and saw it as an instruction manual instead of a scathing satire of carbon offsets.
At 4:30 you can see the text "omission method" turning into "inclusion method" lol
Great video, I just find this small discontinuity funny
Sustainable finance and ESG goes out the window when it costs money 😂
Those are carbon monoxide, not carbon dioxide, molecules at the beginning of the video 😮
Considering regulators are swooping down atm, I'm curious how effective carbon credits will be in a few months/years.
My three favorite channels: How Money Works, StockBrotha, & Bitcoin University. Make my week complete! 🔥 🔥 🔥
What language are you learning? (assuming you didn't just say it for the sponsor segment)
This was interesting video.
I'm going to learn how to speak piano too! 🎉
I am really happy for this. I got this "I told you so" vibe, cause I knew that someday this would happen. Long live traditional investing.
Who would have thought that a not for profit entity would get corrupted by the people who pay it's fees. Haven't we seen this before? Oh right the credit rating agencies in '07. Yeah, totally makes sense. And we have climate activists irritating the general public, when instead they need to go and audit these kinds of things 😂
1:42 I thought this was an ad xD
Finally someone addressed it (at least on my watch)! 🙌
Do you trade the Stock market?
@@reeveselonmusk scam me already, come on.
I’m confident the current market has an equal possibility of making high-value gains or losses, so I'm cautious with my selections; but, I heard that a trader made over $250k in this recession influenced market, and I could really need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know.
hello please can you tell me about your advisor, i need help to navigate the market
Working with an FA will help put you through on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains. That’s why I have been working with ‘Deborah Jean Dykstra’ and that doesn’t make me daft because in financial dealings one have to be prudent.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
I am glad to see that most people are smart enough to see through the carbon credit and ESG scams. I hope all companies that participated in these scams lose a ton of money and have a long institutional memory.
Its always about getting around changing for companies
The part i find funny is them using the rainforest as the main carbon séquestration but the fact is the océans are our biggest contributer to the carbon cycle and we are doing nothing to protect them.
For everyone sake, I hope your right and all of this charade will be done away with. But the pessimist in me think that all of these will just be carried out under a different grift and we'll be playing this cat and mouse game forever
The cat and mouse game is fun ! You just have to stay aware
Most people disagree and want this over with. It’s so exhausting to deal with this shit at work.
If the carbon credit system is done away with, it might be replaced with actual regulations that must be proven to work, like those in the European Union. That would be even more inconvenient to business people who don’t give a damn about the environment.
We need proper regulation and we need to change how we do business. Heck we need to change how we do most stuff. How we commute, how we use airplanes, how we depend on oil. This change is too deep enough and too hard, companies good will won't be enough. Sadly we need the govs to step in and push some stuff around. Incentives, taxes, and whatnot. Subsidizes for technologies like hidrogen. Is that or we will live in the Age of Heat
@@FelipeKana1propaganda did its job with you mate. Just look at China, creating carbon plants by the day and you don't see a single newspaper talking about it. But we are the ones that have to "save the world from climate change".
I still like the concept of trading carbon between companies to ensure the carbon savings are done at the most efficient place, but I also knew that many of these carbon credit concepts are not real. We need to fix the concept and have much more strict criteria so something counts as carbons saved.
In the UK electricity is provided by the central grid. Electricity companies will sell zero carbon/100% renewable plans.
Basically they allocate all of their renewable power to certain customers in a pretend way, since it might not even be their electricity the customer is actually getting.
It also means everyone else not opting for the green plan gets allocated all the other energy. But that has no real meaning. It's all notional allocations of numbers and doesn't make anything actually greener.
Well many "clean" companies just outsource the dirty work to developing countries, and then all blame how dirty those countries are and how much pollution those countries have done, not even mentioning it's their offset that caused it...
@@lonyo5377 I disagree here. The more people order green energy, the more green energy it needs to produce.
Electricity can only really be allocated this way. You pay somebody to provide the energy that you are consuming, the in between magic does not matter much.
If you buy green, green is produced for you, if you don't unclean energy is produced for you.
@@samuel.andermatt that would work if it could work, but there's a clog on connecting new green energy so it isn't driving more green production. Economics are driving green generation and beauracracy is stopping it being used. People's choices are a rounding error for feeling good
@@samuel.andermattgreat point. Still... we need to go beyond the "individual choice" mode if this problem is to be solved. Why not the company some just produce the green one and shelve the other, as soon as possible? So they can blame the consumer?
Maybe it's just me, but has it not been obvious for at least a decade carbon credits are a scam?
My suspicion was raised by the fact protecting the environment is a complex topic. Water pollution, protecting bio diversity, plastic in the ocean etc. Boiling it all down to carbon just doesn't make any sense
Carbon neutral hydrocarbons?! Shell deserves a Nobel!
I've got so little faith in all these ESG ratings and carbon credit nonsense, that I'm strongly considering a strategy where I only invest in companies that _aren't_ ESG-approved
You can look the index made by Vivek ramaswamy who did exactly that
It anybody actually cared about climate change it would be nuclear + solar + hydro
If solar and hydro could actually be efficient, they would be good. Nuclear has the potential to poison the entire world in a matter of months if things go wrong.
Remove solar and replace with geothermal, and you got it right
@@goateecusbilly1823 solar is only convenient now because of the recent popularity of solar roofs, which are quite good based on what I’ve been told
Amd invest in fusion as well.
@@ElectrostatiCrowi doubt that the answer to fission being to expensive and slow to build is to pray for an type of nuclear plant that is so difficult and expensive to do we haven’t even managed to build it yet.
Solar, wind, and even hydro are so much cheaper and easier by comparison that we need to focus on them first. As much as i do support fusion research, it’s pure science at this point, not an magical answer to the market prioritizing profit over public safety. We just don’t have the time left before the laws of thermodynamics come knocking to explain why there is no politically convenient compromise to physics.
LOL I just got a big long ad about using blockchain technology to fix the environment.
The environment is not broke
voluntary carbon credits are like pre-paying into a swear jar
😊
So iPhone 15 isn't actually carbon neutral 😮?
😂😂😂😂😂😂😂
How does anything in the corporate world go wrong? Greed plain and simple.
Atlas Shrugged should be mandatory reading in school's.
This video is a game changer, I have been looking for the best way to increase my income and start up my retirement, but I really do not know much about investments and trading stocks. I keep postponing every single day that passes, but I want to begin now. How should I start? What do I need to know?
I know I can't do any investment by myself, because last time I tried, I lost all my money. I am serious and interested but also scared of losing money now. What can I do not to end up with same result as last time.
I have done some research, and what I need is an excellent financial advisor to assist me with what I want to do. A good recommendation will do. Thanks.
And in the end, it won't change the climate.
You meant it won't stop the climate from changing
are the sources posted anywhere? am curious to read more into the reasoning for complying with ESG seeing as the index effect has lessened significantly in recent decades
I think companies like blackrock pressure companies into being esg given that not doing so could risk having big financial problems if governments step in and regulate in a way that the company isn't fit to profit anymore
7:33 has anyone ever commented a genuine response to something like that? Do sponsors insist on having that line in the video?
At 00:54 and in the thumbnail you show carbon monoxide. This is not the same as the greenhouse gas carbon dioxide.
Sure but the monoxide is just as bad. Also a greenhouse gas