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The pandemic has devastated lives and economies, but a green recovery offers a chance to rethink how we live and do business. We need an economic model that prioritizes nature and the transition to net zero, pursuing sustainable, inclusive growth. Climate action is a difficult fight, but businesses, investors, and consumers are increasingly prioritizing sustainability, creating a virtuous circle. By leveraging market forces and the private sector, there is hope for transformation. However, we are at the last hour, and urgent action is needed to rescue the situation. We know what to do, and must now do it.

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The pandemic has devastated lives and economies, but a green recovery offers a chance to rethink how we live and do business. We need an economic model that prioritizes nature and the transition to net zero, pursuing sustainable, inclusive growth. Climate action is a difficult fight, but businesses, investors, and consumers are increasingly prioritizing sustainability, creating a virtuous circle. By leveraging market forces and the private sector, there is hope for transformation. However, we are at the last hour, and urgent action is needed to rescue the situation. We know what to do, and must now do it.

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China's strength lies in its medium- to long-term perspective. The G20 and Chinese leadership are ambitious.

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Climate change is an existential threat that we all recognize, but addressing it creates value. Society increasingly values achieving net zero, spurred by sustainable development goals, the Paris agreement, social movements, and government action. Companies and investors who are part of the solution will be rewarded, while those lagging behind will be punished. Investing in new technologies and changing business practices to reduce and eliminate climate change is vital.

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To transition from a fossil fuel society to a renewable one, rich countries need to lead by funding research and development and implementing policies like carbon taxes. This will create demand for clean products and lower economic costs, allowing middle-income countries to transform their industries without hindering economic growth. Although many companies will fail, a few dozen successful ones can make a significant impact. By incentivizing the private sector and harnessing human ingenuity, we can find the solution to this challenging but worthwhile endeavor.

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Mastercard and the United Nations are collaborating on a credit card, Doconomy, to monitor the carbon impact of purchases. The card will display a message about taking responsibility for transactions to protect the planet. Doconomy claims to be the largest bank initiative educating users on consumption's impact and aims to set a global standard for carbon calculations. The system will assign a score to each purchase and potentially punish users directly, similar to China's social credit system. This enforcement will target individuals and businesses not aligned with the scheme, with banks playing a key role in its implementation. The system is currently voluntary.

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The speaker emphasizes the need for high integrity standardized carbon markets, which have the potential to shift capital flows to those most affected by climate change. They advocate for these markets to be integrated with jet peas, such as the jet pea here, to change the incentives and the financial calculations that drive decarbonization. The speaker suggests that enormous private sector demand for carbon credits can be catalyzed by committing AI data center development to be carbon neutral. They call for pricing on carbon and also commend their neighbor, the European Union, for pricing carbon and putting in place a CBEM.

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It's good that environmental, social, and governance (ESG) labels face scrutiny and healthy skepticism. This is a key reason we are so focused on net zero. We can't stabilize the climate without achieving net zero; it's that simple. Emissions either increase or decrease. If decreasing, are they doing so at a rate consistent with scientific findings? We're basing our approach on the same science that the UN and others use for their one-and-a-half-degree objectives.

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China's involvement is crucial in establishing a new global financial order.

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More businesses are making net zero commitments, but the criteria are often unclear, leading to false narratives and greenwashing. To address this, an expert group has created guidelines for credible net zero pledges. Corporate leaders are urged to follow these guidelines, submit transparent transition plans on achieving net zero, and prioritize real emissions cuts over carbon credits or shadow markets.

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Finance professionals should integrate climate change considerations into every financial decision, making "sustainable" finance standard practice. Banks need to assess climate transition risks, which can also reveal opportunities. Capital should be directed towards companies with transition plans that are part of the climate solution, and divested from those contributing to the problem.

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We are establishing a single governance system in Europe and aiming for a global approach to understanding the impact of AI. Similar to the IPCC for Climate, we need a global panel consisting of scientists, tech companies, and independent experts to assess the risks and benefits of AI for humanity. This will enable a coordinated and swift response, building upon the efforts of the Hiroshima process and other initiatives.

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Global cooperation and multilateral action are crucial in addressing the matter at hand. It is essential to reach a global agreement on its application. If there is any room for escape, it will undoubtedly be exploited. This highlights the necessity for collective action.

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A globally coordinated system of carbon taxes is crucial for addressing the climate transition. The WTO, along with other international organizations, is working on this. Some perceive it as unjust and leading to inflation, but in reality, not implementing it will harm developing countries and vulnerable communities the most. We need carbon taxes and subsidies for vulnerable households to ensure a fair and effective solution. It's an opportunity for growth and the only realistic way forward that we can't ignore.

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To transition and avoid climate crisis damage, urgent action is needed costing $2.5-5 trillion annually for 20 years. While most countries move away from coal and oil, Asian countries and some Republicans resist. Global cooperation is essential, including China, Russia, Mexico, South Africa, and Brazil, to reduce emissions and succeed. Everyone must participate for progress. Translation: Urgent action is needed to transition and avoid climate crisis damage, costing $2.5-5 trillion annually for 20 years. Global cooperation is essential, including China, Russia, Mexico, South Africa, and Brazil, to reduce emissions and succeed. Everyone must participate for progress.

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We have been working with China on coordinating responses to potential bank failures and assessing sector exposure to climate risks. These discussions are crucial as financial issues in one country can affect others. It's important to engage with major economies like China to address these potential risks.

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Speaker 0: The argument is that BlackRock, by unlocking and taking control of as many natural assets as possible that aren't currently part of the financial system, can deepen and expand its control over not just people in the existing financial system, but really over the natural world as well and essentially turn everything alive into a tradable Wall Street financial product. The goal, as described for Larry Fink in particular, is to develop new asset classes that can be used to fuel their existing business model and perpetuate it for millennia forward. One idea discussed for years is natural assets, what they call nature's economy—actual assets as possible that aren't currently part of the financial system—as a way to perpetuate what they do and broaden their control over the natural world, turning the natural world into tradable financial products. The supposed plan includes having all of this on a universal ledger on blockchain, presumably, and making it trackable and surveillable, so that it can be surveillable and automated. In this framework, Larry Fink would have his risk management AI—Aladdin—exercise control over these assets in unprecedented ways, to serve their benefit. Concurrently, there is movement toward a new financial governance system that pushes infrastructure toward a “green model” or decarbonization. The broader aim of the global carbon market, according to the narrative, is to unlock many new assets and far more collateral, enabling the creation of new debt and expanding the existing models to unprecedented levels, effectively perpetuating them indefinitely. A central feature of the natural asset concept, at least in the natural asset corporation model, is that you identify a natural asset such as a forest, river, or lake, and then, at no cost to you, you issue shares in that natural asset and sell those shares. The implication is that you can point to something in the natural world and declare it yours, fractionalize it, and generate money almost out of thin air by selling those shares. The natural world is vast, and the claim is that they’re financializing it all, framing it as the only way to save the planet. But really, it’s the only way for them to save their insane debt racket.

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You demanded action, and now it's time for the financial sector to deliver. To reach net zero, every country, every company, every bank, every investor, every pension fund around the world will need to make some big changes. In the run up to COP twenty six in Glasgow, we have an enormous opportunity to bring climate change into the heart of every financial decision, and our plan will manage the risk from climate change while helping to seize the opportunities from a newer, greener economy. The UK has been at the forefront of innovation for centuries brimming with ingenuity and a can do spirit. It also houses the world's largest financial system, and by bringing them together, we can deliver the net zero world that you've demanded and that our future generations deserve. The world's coming to Glasgow. Let's reshape finance for a sustainable world.

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Finance professionals should integrate climate change considerations into every financial decision, eventually eliminating the need for the term "sustainable finance." Banks should assess climate transition risks, which can also reveal opportunities. Identifying and supporting companies with transition plans is crucial, while divesting from those contributing to the problem.

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Mastercard and the United Nations are collaborating on a new credit card, doconomy, that monitors the carbon impact of purchases. Users will have a carbon limit, and the card will stop working once reached. It's voluntary for now, but aims to promote environmental responsibility. The card assigns a social credit score based on carbon calculations, with plans to set a global standard. Non-compliant businesses and individuals may face consequences enforced by banks. This system resembles China's approach to monitoring carbon emissions.

TED

The Blind Spots of the Green Energy Transition | Olivia Lazard | TED
Guests: Olivia Lazard
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Olivia Lazard discusses the intersection of decarbonization and international security, highlighting the need for extensive mineral extraction to achieve a climate-safe future. While decarbonization is essential for peace, the transition may exacerbate geopolitical tensions, particularly as countries scramble for critical resources like lithium and cobalt. China’s dominance in mineral processing positions it strategically in global power dynamics. Lazard emphasizes the importance of addressing human rights and ecological integrity in resource extraction. She proposes a four-part plan: ecological mining practices, a global public good regime for materials, a shift to circular economies, and innovation aligned with planetary boundaries to ensure a sustainable future.

Unlimited Hangout

Multipolar World Order with Iain Davis
Guests: Iain Davis
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Whitney Webb and Ian Davis examine the international rules based order (IRBO) as a Western-led system that claims moral authority while pursuing imperial aims; a competing multipolar order led by Russia and China is framed as cooperative and sovereign. They argue both are effectively moving toward a tyrannical technocracy intensified by COVID and the Ukraine crisis. Davis defines the IRBO as a post-1945 Western order shaped by a single power, the United States, operating within strategic bipolarity, setting standards for trade and state behavior and claiming a moral dimension around democracy and freedom of speech. He notes that Russia and China proposed an alternative “international law based world order” in a joint statement on February 4, signaling a shift to a law-based system with equality among nations, though within competing blocs. The guests discuss replacing multipolar with multi-stakeholder, arguing China and Russia emphasize the UN as the center for administering international law and equal treatment of states, while multinational corporations shape policy through ICT regulation. They point to Russia’s ties with the World Economic Forum, CyberPolygon run with Sberbank’s Buy Zone, and the drive for digital information governance in the Fourth Industrial Revolution. They highlight the global adoption of sustainable development standards and the ISSB, suggesting rules are rolled out worldwide via ESG. Davis traces technocracy’s roots to Technocracy Inc. and energy certificates, centralized resource allocation, and technocrats steering decisions; China’s technate development and social-credit systems are discussed, noting a fusion of state and corporate power. The Minsk agreements, the 2014 coup, NATO expansion, and the Donbas conflict are presented as context for Ukraine, with both sides adopting the same system’s aims despite divergent narratives. The talk ends with a call for critical, balanced analysis since both camps push a global governance agenda, and truth lies in the grey area between extremes. They invite listeners to follow Ian’s work at inthistogether.com and UK Column.

Unlimited Hangout

COVID-19 and Central Bank Digital Slavery with John Titus
Guests: John Titus
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Whitney Webb hosts Unlimited Hangout, arguing the COVID crisis provided cover for agendas beyond health and that money flows by central banks and Wall Street have become historic and under-scrutiny. The panel asks if central bank digital currencies are digital cash or something more coercive, as CBDC white papers and cross-border interoperability advance with BIS and major players like Visa. John Titus, founder of Best Evidence, explains the Fed is a hybrid misdescribed as public. The Board of Governors and the FOMC set policy, but the 12 regional Federal Reserve banks are privately owned; the government has no shares. The regional banks print cash and, crucially, reserves—digital money. This structure suggests private entities run the system behind a public facade. Titus describes BlackRock’s involvement before COVID and the “going direct reset.” He explains reserves as part of a two-tier electronic money system: central bank liabilities and commercial bank liabilities. In 2008-09 reserves were used to bail out banks; in 2020 reserves and the retail money supply rose in lockstep via three-party transactions involving institutions like Calpers and Citigroup, enabling public money to flow into private assets. BlackRock’s role in March 2020 is described as delivering a plan to move public money into private hands, with BlackRock helping select assets for Fed purchases. The discussion frames CBDCs as instruments of control, citing BIS head Augustin Karstens on the ability to control the central bank liability, and noting that privacy claims may be a sales tactic while intermediaries manage data and accounts. Cross-border settlement and interoperability are debated; Visa’s plan is described as convertibility, not settlement, with a need for an international settlement layer. The panel notes banking consolidation among the four largest banks, the risk of reduced lending, and the Fed’s ongoing role in offsetting credit contractions. They also discuss climate finance structures like natural asset corporations, the nature-based economy proposed by Intrinsic Exchange Group and Rockefeller-linked partners, and ESG-driven wealth consolidation. They conclude with a projected timeline: CBDCs may become clearer 2024-2025, with crypto and related tech playing transitional roles. The talk ends with recommendations to follow John Titus’ Best Evidence and Solari collaborations.

Unlimited Hangout

COP26 and Climate Hypocrisy with Charlie Robinson
Guests: Charlie Robinson
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Whitney Webb and Charlie Robinson critique COP26 in Glasgow as less a genuine climate summit than a stage for advancing a new economic order driven by bankers and global capital. They argue the conference serves to normalize a financialized future in which the natural world is monetized, and climate policy becomes a tool to expand the power of private finance over public policy. They point to visible symbols of elite privilege—private jets, motorcades, and a climate agenda led by billionaire figures—while China is absent, signaling a fractured global approach to “green” reform. “The largest contributor of pollution in the world, China, isn't at the conference,” Robinson notes, framing COP26 as hypocritical greenwashing that imposes lifestyle changes on ordinary people while elites remain unimpeded. The conversation shifts to the money and institutions at the heart of the push. They highlight deals and pledges from Bill Gates, Jeff Bezos, Larry Fink, and Mike Bloomberg, linking philanthropy to large-scale funding through NGOs and corporate partners such as Syngenta. The governance of climate finance, they argue, is shaped by a shadow network of forums and think tanks—the World Economic Forum, the Club of Rome, the World Bank, and multilateral development banks—where the lines between state power and big business blur. They discuss the Glasgow Financial Alliance for Net Zero, chaired by Mark Carney and Bloomberg, which aims to “scale private capital flows to emerging and developing economies” and to develop “high integrity credible global carbon markets.” Whitney underscores the fear that such mechanisms will weaponize debt and finance to force policy, with Larry Fink calling for a reimagining of the IMF and World Bank to push net-zero agendas. A recurring theme is the tension between public policy promises and private gain. They cite the 2015 Food Chain Reaction Simulation, funded by the Center for American Progress and World Wildlife Fund, which projected global carbon taxes and meat taxes as mechanisms to redirect markets—illustrating a long-standing blueprint for monetizing climate policy. They invoke the Club of Rome’s provocative line that “the common enemy of humanity is man,” and connect it to an ongoing project to monetize nature, human capital, and even potential future assets through “natural asset corporations” and “intrinsic exchange” frameworks. The discussion also traverses the metaverse, digital identities, and central bank digital currencies, arguing that the same actors pushing climate finance are advancing control via surveillance, pre-emptive regulation, and preprogrammed consumption. Gates’s agricultural funding and Bill Gates’s broader role in shaping food systems are seen as part of a broader strategy to consolidate control over essential resources under the banner of sustainability. The pair warn that without broad public vigilance and independent scrutiny, these developments could reshape society toward neo-feudal arrangements, with a minority controlling the essentials of life while the majority are left with little room to resist.

20VC

Mark Carney: First Republic Bank Fails; Will Interest Rates Rise? Global Warming's Net Zero | E1008
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Harry and Mark sketch a career at the intersection of private markets and public policy: from the pre–Berlin Wall era, through central banking during the Euro crisis and Brexit, to climate work with Brookfield, Watershed, and Stripe, plus service as a special envoy. The through-line is aligning market incentives with lower emissions and practical outcomes. On cycles of innovation and finance, they discuss Minsky cycles and the Ponzi phase, with crypto defy as risk and potential. Collateralized loan markets collapsed in 2006–07, yet core ideas persist; hydrogen has swung through booms and busts but may become grounded. The takeaway: busts reveal opportunity when funding becomes disciplined. Discussing banks, they call the period turmoil, not crisis, with regional banks facing headwinds and likely consolidation. The system has much higher loss-absorption and liquidity, reducing contagion, but credit will tighten. Debates center on deposit guarantees: backstops, senior and contingent capital, and who bears losses if a failure occurs. SVB and Credit Suisse underscore governance and orderly wind-downs. Climate policy remains transformative. Net Zero progress is accelerating: policies like the US IRA, European measures, and rising clean-energy investments shift outcomes toward 1.8 degrees. China remains pivotal, with decarbonization and EVs driving growth, yet concerns about policy consistency persist. Corporate action outpaces rhetoric—Walmart’s Scope 3 efforts illustrate it—while nuclear and fusion are debated as near-term bets. Wholesale finance and narrow banking could reshape funding to accelerate decarbonization while balancing risk.
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