Banks - Industry - Emissions trading

Banks:

• By 2025 the banking sector at large shall have reduced its loans to the carbon energy production sector (oil, gas, coal) by 50% of current level and the equivalent sums are to be invested in other forms of energy generation including wind, sun, nuclear and hydrogen power sources.

• By 2030 a divestment policy should amount to 75% of current investments and the equivalent sums are to be invested in other forms of energy generation.

Emissions trading:

• The market based approach of emission trading is to be phased out by 2025.  This type of environmental regulation is too flexible and does not create enough incentives to reduce pollution.  One should not have or create the “right” to pollute (or better continue polluting)  because another entity does not pollute “enough” yet.  Emissions need be reduced by other initiatives asap.

Industry:

Production and commercialization of any type of objects/products is but acceptable if it does not require somewhere in the life cycle chain of the product a form of human exploitation or exploitation of the Earth resources that is not sustainable. (No slavery remember?)

• No more smartphones stuffed with metals derived from child labour in dangerous mines in Congo, no more shoes made by slaves in Bangladesh, no more sweaters from slavery in Vietnam, nice to have things from slave labour in India…