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    What Have We Learned From a Summer of Climate Reckoning?

    enSeptember 05, 2023

    Podcast Summary

    • A Summer of Extreme Weather and Climate ProgressDespite record-breaking heatwaves, renewable energy progress, and a potential carbon peak this decade, new scientific findings suggest that even rapid decarbonization may not prevent severe climate change impacts.

      We are experiencing both a climate crisis and significant progress towards mitigating it. This summer, we've witnessed record-breaking heatwaves, with June and July being the hottest on record. Extreme temperatures have caused numerous health and safety issues, such as heat strokes and asphalt burns. However, there is a green revolution underway, with renewable energy being rolled out at an unprecedented pace and cost. Analysts predict that we may reach a carbon peak this decade. Yet, new scientific findings suggest that even with this rapid decarbonization, we may not end up in a much better place due to the accelerating effects of climate change. It's crucial to maintain a balanced perspective, acknowledging both the progress and the challenges ahead. Dr. Kate Marvel, a senior climate scientist at Project Drawdown, emphasizes the importance of holding these seemingly contradictory ideas in perspective. The summer of 2022 has felt like a climate reckoning due to the extreme heat, but it's essential to remember that this is not a new phenomenon. Climate change and natural climate variability, such as El Nino conditions, contribute to these extreme weather events. While we make progress towards reducing emissions, we must remain vigilant and adapt to the changing climate.

    • Natural phenomena and human-induced influences on Earth's climateDespite ongoing debate about global warming trends, natural phenomena and human activities continue to impact the Earth's climate. While some natural events, like La Niña, can cause temporary cooling, aerosol emissions from human activities can mask the warming effect.

      The Earth's climate is a complex system with natural variability and external influences that can impact warming trends. Over the last decade, there has been debate about whether warming is increasing or remaining constant, with some suggesting a potential hiatus. However, this could be due to natural phenomena like La Niña, which can cause cooler temperatures. Another factor is aerosol emissions, which can reflect sunlight and seed clouds, masking the warming effect. Although aerosol emissions have declined in some regions, they have increased in others, and their impact on global temperatures is still significant. Ultimately, understanding the state of warming requires considering both natural variability and human-induced influences on the climate system.

    • Impact of reducing aerosols on warmingReducing aerosols for air quality improvement may lead to more warming due to less cooling effect. Understanding the difference between aerosols and greenhouse gases is crucial for effective climate action.

      As industrializing countries reduce air pollution, we will experience less cooling effect from aerosols in the atmosphere, leading to more warming. This is an important issue to consider as we work towards reducing greenhouse gas emissions. However, it's important to note that aerosols and greenhouse gases are different in how they form and impact the climate. While every greenhouse gas molecule has the same warming effect regardless of where it comes from, aerosols are more localized and their impact depends on prevailing winds and where they are emitted. Recent extreme weather events may be on the high end of what was predicted, but they don't necessarily mean our climate models are off. Instead, they may indicate that we are experiencing the high end of what is possible at this level of warming. As scientists, it's important to continue asking why when we see disconnects between models and reality, and to keep working to understand what we do and don't know about the climate system.

    • Climate models indicate trends, not specific eventsClimate models provide valuable insights into climate change trends, but cannot accurately predict specific extreme weather events or their exact timing and location.

      Climate models are not designed to predict specific weather events or even medium-term conditions, but instead, they aim to reproduce the statistics of these events. This means that while models can indicate that extreme weather events are becoming more frequent and severe due to climate change, they cannot accurately predict the exact timing and location of these events. Moreover, the statistics of extreme events are difficult to obtain historically, making models crucial in determining whether current events are expected or not. It's important to acknowledge the uncertainty surrounding climate change and the potential outcomes, as models have confidence intervals that span a wide range of possibilities. While we are confident in the basic physics of climate change and its effects, such as increased evaporation and precipitation, the specifics of how these changes will manifest in different regions are still uncertain. It's essential to recognize this complexity and the limitations of our current knowledge as we navigate the challenges of climate transformation.

    • Uncertainty in climate system impedes rational adaptation decisionsDespite uncertainty, climate change will have consequences and risks of surprises, underscoring the importance of continued research and action to mitigate and adapt

      While there is uncertainty in the climate system, we cannot afford to be complacent and assume that things will "probably be fine." Climate change will have consequences, and the uncertainty impedes our ability to make rational adaptation decisions. The experiment of moving the planet's climate into a new system comes with risks of surprises and unforeseen impacts, even at lower temperatures than previously anticipated. The Paris Agreement warming targets, such as 1.5 or 2 degrees Celsius, are not very meaningful scientifically, and breaching these targets does not necessarily mean doom. However, the exact timing of when tipping points will be breached is a concern for scientists, highlighting the importance of continued research and action to mitigate the risks and adapt to the changes already underway.

    • Ocean circulation and its role in climate changeThe ocean's circulation systems absorb CO2 and heat, regulate precipitation, and drive deeper currents, but human activities could disrupt these patterns, causing irreversible consequences within centuries, necessitating a millennial perspective on climate change

      The ocean and its circulation systems play a crucial role in the Earth's climate system, absorbing carbon dioxide and heat, regulating precipitation patterns, and driving deeper ocean currents. However, human activities are causing concerns about crossing tipping points that could have severe and irreversible consequences within the timescales of human civilizations. These tipping points include changes in ocean circulation, which could disrupt precipitation patterns and have significant humanitarian consequences, especially for regions dependent on monsoon rains. These disruptions could last for centuries or even longer, making it essential to consider climate change as a millennial event while also focusing on its impacts within this century. Balancing these perspectives requires acknowledging the urgency of immediate action while also understanding the long-term implications of climate change.

    • Impacts of past emissions continueEven if we stop emissions today, climate impacts like sea level rise and forest carbon absorption will continue due to past emissions and potential carbon cycle feedbacks

      While we can stop further warming by reaching net-zero emissions, we are not yet done responding to the warming that has already occurred. This means that even if we manage to stop emissions tomorrow, we can still expect some amount of sea level rise and other climate impacts to continue into the future. Additionally, there is a risk of carbon cycle feedbacks, where the very systems that absorb carbon dioxide from the atmosphere, such as forests, may no longer be able to do so if temperatures become too high. This underscores the importance of not only stopping emissions but also finding ways to remove existing carbon from the atmosphere to prevent further warming and minimize future impacts.

    • Understanding the human response to climate changeClimate change impacts are not just physical, human response is complex and unpredictable, requiring understanding of politics, culture, and psychology.

      While we can make predictions about the physical changes the Earth will undergo due to climate change, the human response to these changes is a complex and unpredictable experiment. The interaction between the warming planet and human civilization is a critical yet difficult-to-model aspect of the climate crisis. The speaker, a physicist, emphasizes the importance of understanding the human element, including politics, culture, and psychology, in addition to the physical changes. Historical examples, such as the Little Ice Age, demonstrate how climate change can influence societal behaviors in unforeseen ways. The challenge lies in effectively communicating and addressing these complexities to the public and policymakers.

    • Climate change and human conflict: Complex relationshipClimate change contributes to conflict, but it's not the only factor. Human actions and policy choices also play a significant role.

      The relationship between climate change and human conflict is complex and multifaceted. While there is evidence suggesting that hotter temperatures could lead to increased conflict, it is essential to acknowledge that climate is not the only factor. Wildfires, for instance, are influenced by various conditions, including weather, fuel, ignition, and suppression. Human factors, such as policy choices and population growth, also play a crucial role. We cannot ignore the complex web of causality and the importance of acknowledging the role of both physical and human factors in understanding the impacts of climate change.

    • Adapting to Climate Change: Necessary but Not SufficientThough adapting to climate change is crucial, it's important not to normalize extreme conditions and instead prioritize emissions reduction and bold climate action.

      As the world faces increasingly frequent and severe climate risks, adaptation is no longer an option but a necessity. However, adaptation is not a simple process and requires drastic measures such as community relocation and abandoning beloved areas. Furthermore, as we experience more intense impacts, there's a risk of normalizing and acclimatizing to conditions that were once considered unlivable. While this emotional calibration may be necessary for coping, it's crucial not to normalize these impacts and instead push for bold action to mitigate climate change and prevent further damage. In essence, while adaptation is necessary, we must not lose sight of the importance of reducing emissions and taking decisive action to mitigate the worst impacts of climate change.

    • Demanding Change for a Livable FutureDespite the challenges of climate change, we must not give up and instead demand change, implement adaptation measures, and continue to fight for a livable future.

      While it may be beyond our current capacity to completely stop climate change, we should not resign ourselves to accepting its devastating impacts. Instead, we must demand change and work towards limiting global warming and implementing sensible adaptation measures. The Clean Air Act of 1970 serves as an example of how collective action and political will can lead to significant environmental progress. Normalizing climate change and its consequences is not an option. We must continue to fight for a livable future. The current conditions, such as extreme weather events and rising temperatures, are unacceptable and require urgent action. Politics exists to enable us to build a society that addresses these challenges, and it's our responsibility to demand that it does so.

    • From climate science to solutionsThe climate conversation has evolved from debating the existence and impact of climate change to focusing on practical solutions and preparation, with a shift towards renewable energy, policy, entrepreneurship, and more.

      The climate debate and politics have evolved significantly over the past decade. Five to ten years ago, the focus was on the existence and impact of climate change, with scientists often at the forefront of the conversation. However, with increasing consensus about the reality of climate change and the need for action, the conversation has shifted to practical solutions and preparation. The scientist in the discussion shares her personal experience of this shift, noting that she is no longer the first point of contact for climate stories and that the focus is now on renewable energy, policy, entrepreneurship, and other areas. While this progress is exciting, it's important not to overlook the ongoing challenges and potential catastrophic impacts of climate change, even as we make progress towards decarbonization.

    • Navigating emotions and co-benefits of climate actionAddressing climate change brings immediate health and air quality improvements, while long-term benefits include a livable planet for future generations. Books like 'This Changes Everything', 'Drawdown', and 'The Sixth Extinction' offer insights.

      Addressing climate change involves navigating complex emotions and finding balance between taking action and adapting to its impacts. While the long-term benefits may not be immediately noticeable, there are significant near-term benefits such as improved air quality and health outcomes. These co-benefits can start accruing almost immediately after implementing climate solutions. For instance, reducing air pollution from coal-fired power plants can lead to cleaner air and fewer deaths from pollution. Looking at the issue from a different perspective, taking climate actions now will lead to positive benefits for future generations, such as avoiding catastrophic sea-level rise for our great-grandchildren. On a personal level, we can experience the benefits of cleaner air and improved health in our own lives. Lastly, here are three book recommendations for further reading on climate change and its solutions: 1. "This Changes Everything: Capitalism vs. The Climate" by Naomi Klein 2. "Drawdown: The Most Comprehensive Plan Ever Proposed to Reverse Global Warming" edited by Paul Hawken 3. "The Sixth Extinction: An Unnatural History" by Elizabeth Kolbert. This book provides valuable context on the impact of human activities on the natural world and the importance of preserving biodiversity.

    • Exploring the relationship between science, literature, and the natural worldBorjas' story shows the complexity of representing nature, James I's obsession with witches connects to Macbeth's themes, and a new climate fiction novel offers a nuanced perspective on the climate crisis

      Our understanding of the natural world and our attempts to represent it often involve simplification and manipulation, as illustrated in Jorge Luis Borjas' short story "On Exactitude in Science." Another intriguing connection was drawn between James I's obsession with witches during the Little Ice Age and the themes of guilt and weather manipulation in Shakespeare's "Macbeth." Lastly, a promising new climate fiction novel, "Troubled Waters" by Mary Annas Hegler, offers a complex and nuanced perspective on a family dealing with the climate crisis, challenging the stereotype of climate fiction being overly apocalyptic or preachy. Overall, these discussions highlight the importance of examining historical and literary perspectives to better understand our relationship with the natural world and the challenges it presents.

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    A.I.-generated art has flooded the internet, and a lot of it is derivative, even boring or offensive. But what could it look like for artists to collaborate with A.I. systems in making art that is actually generative, challenging, transcendent?

    Holly Herndon offered one answer with her 2019 album “PROTO.” Along with Mathew Dryhurst and the programmer Jules LaPlace, she built an A.I. called “Spawn” trained on human voices that adds an uncanny yet oddly personal layer to the music. Beyond her music and visual art, Herndon is trying to solve a problem that many creative people are encountering as A.I. becomes more prominent: How do you encourage experimentation without stealing others’ work to train A.I. models? Along with Dryhurst, Jordan Meyer and Patrick Hoepner, she co-founded Spawning, a company figuring out how to allow artists — and all of us creating content on the internet — to “consent” to our work being used as training data.

    In this conversation, we discuss how Herndon collaborated with a human chorus and her “A.I. baby,” Spawn, on “PROTO”; how A.I. voice imitators grew out of electronic music and other musical genres; why Herndon prefers the term “collective intelligence” to “artificial intelligence”; why an “opt-in” model could help us retain more control of our work as A.I. trawls the internet for data; and much more.

    Mentioned:

    Fear, Uncertainty, Doubt” by Holly Herndon

    xhairymutantx” by Holly Herndon and Mat Dryhurst, for the Whitney Museum of Art

    Fade” by Holly Herndon

    Swim” by Holly Herndon

    Jolene” by Holly Herndon and Holly+

    Movement” by Holly Herndon

    Chorus” by Holly Herndon

    Godmother” by Holly Herndon

    The Precision of Infinity” by Jlin and Philip Glass

    Holly+

    Book Recommendations:

    Intelligence and Spirit by Reza Negarestani

    Children of Time by Adrian Tchaikovsky

    Plurality by E. Glen Weyl, Audrey Tang and ⿻ Community

    Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

    You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

    This episode of “The Ezra Klein Show” was produced by Annie Galvin. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Rollin Hu, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Sonia Herrero and Jack Hamilton.

    The Ezra Klein Show
    enMay 24, 2024

    A Conservative Futurist and a Supply-Side Liberal Walk Into a Podcast …

    A Conservative Futurist and a Supply-Side Liberal Walk Into a Podcast …

    “The Jetsons” premiered in 1962. And based on the internal math of the show, George Jetson, the dad, was born in 2022. He’d be a toddler right now. And we are so far away from the world that show imagined. There were a lot of future-trippers in the 1960s, and most of them would be pretty disappointed by how that future turned out.

    So what happened? Why didn’t we build that future?

    The answer, I think, lies in the 1970s. I’ve been spending a lot of time studying that decade in my work, trying to understand why America is so bad at building today. And James Pethokoukis has also spent a lot of time looking at the 1970s, in his work trying to understand why America is less innovative today than it was in the postwar decades. So Pethokoukis and I are asking similar questions, and circling the same time period, but from very different ideological vantages.

    Pethokoukis is a senior fellow at the American Enterprise Institute, and author of the book “The Conservative Futurist: How to Create the Sci-Fi World We Were Promised.” He also writes a newsletter called Faster, Please! “The two screamingly obvious things that we stopped doing is we stopped spending on science, research and development the way we did in the 1960s,” he tells me, “and we began to regulate our economy as if regulation would have no impact on innovation.”

    In this conversation, we debate why the ’70s were such an inflection point; whether this slowdown phenomenon is just something that happens as countries get wealthier; and what the government’s role should be in supporting and regulating emerging technologies like A.I.

    Mentioned:

    U.S. Infrastructure: 1929-2017” by Ray C. Fair

    Book Recommendations

    Why Information Grows by Cesar Hidalgo

    The Expanse series by James S.A. Corey

    The American Dream Is Not Dead by Michael R. Strain

    Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.

    You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.

    This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Mary Marge Locker and Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our senior editor is Claire Gordon. The show’s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. And special thanks to Sonia Herrero.

    The Ezra Klein Show
    enMay 21, 2024

    Related Episodes

    PODCAST: Best ESG Companies, Funds. And More…

    PODCAST: Best ESG Companies, Funds. And More…

    The 50 Best ESG Companies list from the US Investor’s Business Daily. Its top picks are Nvidia with a 12-month gain of 206%. Pool with a 72% advance and Salesforce.com which is up nearly 80%. Another article picks the renewable energy stocks Hannon Armstrong Sustainable Infrastructure Capital, NextEra Energy, and Atlantica Sustainable Infrastructure. And more

    PODCAST: Best ESG Companies, Funds. And More…

    Transcript & Links, Episode 44, November 6, 2020

    Hello, Ron Robins here. Welcome to podcast episode 44 published on November 6, 2020, titled “Best ESG Companies, Funds. And More…”— and presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources.

    Remember that you can find a full transcript, links to content – including stock symbols and bonus material – at this episode’s podcast page located at investingforthesoul.com/podcasts.

    And Google any terms that are unfamiliar to you.

    -------------------------------------------------------------

    1. Best ESG Companies, Funds.

    To start things off we have a great new article naming the best ESG companies by Investor's Business Daily. The article is titled As ESG Investing Gives 2020 A Sustainable Spin, 50 Best ESG Companies Revealed. It’s written by Alan R Elliott. Here are some quotes from Mr. Elliott.

    “The list highlights 50 stocks that boast both high ESG ratings and superior Investor’s Business Daily (IBD) stock ratings of fundamental and technical strength…

    These ESG stocks have been especially strong, with the top three stocks on IBD's Best ESG Companies list each having a Composite Rating of 99. In terms of stock performance, at the top of the IBD ESG list, Nvidia (NVDA) has a 12-month gain of 206%. Pool (POOL) has a 72% advance. Salesforce.com (CRM) is up nearly 80%. The next five stocks on IBD's ESG list averaged a 12-month gain of almost 70%. Nvidia and Pool are currently on the IBD 50 list of the best growth stocks…

    Profiles

    [Also], see the profiles of Nvidia, Salesforce.com, West Pharmaceutical Services (WST), Adobe (ADBE) and Best Buy (BBY)…

    MSCI ESG Research has ranked companies according to available information pertaining to environmental, social and governance criteria… Those ratings provide the basis for MSCI's more than 1,500 equity and fixed-income ESG indexes. The earliest of those, the MSCI KLD 400 Social Index, first launched as the Domini Social 400 Index in 1990.

    IBD cross-references MSCI's rankings with its database of all stocks to determine the 50 most ESG advanced companies in the growth stock realm… the MSCI ESG ratings compare companies only to other companies in their industry. An AAA rating means your ESG efforts put your company ahead of industry peers.

    Also keep in mind, some companies rank high due to social issues such as health care, company leave and diversity policies for their workforce, while they may be less environmentally savvy then a lower-ranked peer.

    To date, no standardized set of reporting requirements relates specifically to the countless aspects of corporate governance encompassed under the ESG rubric. That makes ranking difficult, and more of an art in certain situations than a science.” End quotes.

    -------------------------------------------------------------

    2. Best ESG Companies, Funds

    Though the title of this article is 3 Renewable Energy Stocks to Buy Ahead of the Election, the authors say it still makes sense to consider these three stocks after the election too. It’s published in The Motley Fool.

    As usual, I’ll mention the stock followed by quotes from the analyst concerning that stock.

    1) Travis Hoium likes Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI)

    Like any company that invests in renewable energy projects, Hannon Armstrong is in the business of generating a yield from its investments…

    The company can take equity or debt positions in projects, finance efficiency improvements, or even pay for ecological restoration. This means management can shift dollars to where it can get the best return for the risk, rather than being locked into one type of asset class in renewable energy. The result for investors has been impressive since the company went public…

    Few companies have the ability to adapt and succeed in the current environment like Hannon Armstrong, and investors will be rewarded with not only a great stock but a 3.1% dividend yield as well.

    2) Howard Smith recommends NextEra Energy (NYSE: NEE)

    NextEra announced its [adjusted] third-quarter earnings per share (EPS) grew 11% compared to the previous-year period. The parent of electric utilities Florida Power & Light and Gulf Power continues to grow its renewable energy generation capacity for those businesses. But its NextEra Energy Resources business is experiencing the strongest growth, with EPS up 23%...

    [NextEra’s] Energy Resources business is the world's largest generator of solar and wind power, and has a growing battery storage segment…

    NextEra… extended its earnings growth expectations of 6% to 8% off that higher base through 2023. The company also said it continues to expect a 10% annual dividend per share increase through 2022…

    3) Jason Hall suggests Atlantica Sustainable Infrastructure (NASDAQ: AY)

    The future of the world's power supply is heavily tied to solar and wind, no matter who's sitting in the Oval Office or roaming the halls of Congress. And few companies are as well-positioned to profit from this reality as Atlantica. The company owns, develops, and operates utility-scale wind and solar energy power plants, selling the power on long-term contracts. The result is steady, utility-like cash flows that it can use to fund new projects, and return to shareholders in a steadily growing dividend.

    Atlantica is an international business, meaning that no matter what legislative action is taken in the U.S., its prospects remain very good…

    At recent prices, Atlantica's dividend yield is over 5.4%, and the prospects for regular dividend growth from here are very strong… Atlantica is a stock worth buying right now, no matter the outcome of U.S. election.”

    -------------------------------------------------------------

    3. Best ESG Companies, Funds

    Most ethical and sustainable investors are enamored with passive ETF index funds. However, some see a possible resurgence in actively managed funds too. One company that has brought to market an actively managed ESG fund is US fund manager Vanguard.

    An article titled This ESG Fund From Vanguard Is Off to a Good Start describes this product. It’s written by David Kathman and appeared on the Morningstar.com site.

    Here are some of Mr. Kathman’s thoughts concerning the fund.

    Quote Vanguard Global ESG Select Stock (VEIGX) has shown promise so far, but it still has plenty to prove given its short track record. It earns a Morningstar Analyst Rating of Bronze for both its Investor and Admiral shares.

    Vanguard launched this fund in June 2019 as the first actively managed environmental, social, and governance fund in its lineup… The fund has looked pretty good so far in its first 16 months of existence; its returns have beaten the world large-stock Morningstar Category average and the FTSE All-World Index benchmark, and it has earned a Morningstar Sustainability Rating of High (5 globes). Expenses are low, as one would expect of Vanguard, which remains a topnotch parent. All this is encouraging, but the fund will need to deliver over a longer time period to earn an Analyst Rating higher than Bronze…

    The fund held up pretty well in the bear market from Feb. 19 to March 23, 2020, when its 30% loss was 2 percentage points less than the category norm and the benchmark.” End quotes.

    -------------------------------------------------------------

    4. Best ESG Companies, Funds

    In the UK, the FT Advisor just published an article titled Top 10 ESG funds named amid record year for inflows. Some of these funds might be of interest to non-UK residents as well. The article is by Imogen Tew.

    Here are the funds with some brief quotes from the article.

    Domestic UK

    Royal London’s Sustainable Leaders fund was the top performing UK ethical fund over the past decade, almost tripling investors’ cash, according to AJ Bell.

    Of ethical funds with a ten-year record, Premier Ethical and Liontrust Sustainable Future UK Growth also performed well, returning 174 and 152 per cent respectively. [Incidentally, go to this podcasts’ page for more of the top funds.]

    Top 5 UK ethical funds 10 year total return (%)
    Royal London Sustainable Leaders (GB00B7V23Z99.L) 195.9
    Premier Ethical (0P00015BBW.L) 174.4
    Liontrust Sustainable Future UK Growth (0P00000XCL.L) 152.6
    Liontrust UK Ethical (0P0000XMUY.L) 150.8
    BMO Responsible UK Equity (0P00000DLP.L) 111.2

    Over the same time period, the FTSE All Share returned 64 per cent while the FTSE 4Good UK saw an average performance of 71 per cent.

    Global

    There have been some funds which have managed to outpace the racy MSCI World Index, however. The Liontrust Sustainable Future Global Growth fund tops the performance chart with a return of 267 per cent in 10 years. [Again, for more top-performing funds in this category go to this podcasts’ page.]

    Top 5 Global ethical funds 10 year total return (%)
    Liontrust Sustainable Future Global Growth (0P000023KC.L) 267.1
    Janus Henderson Global Sustainable Equity (JEDTX) 262
    BMO Responsible Global Equity (0P00000DLN.L) 240
    Pictet Water (P3II.F) 212.4
    BMO Sustainable Opportunities Global Equity (0P00017TVR.TO) 179.7

    Mr. Laith Khalaf, a financial analyst at AJ Bell, said: ‘Given the extremely strong absolute performance of ethical funds in the global sector, it’s difficult to say investors should be disappointed but technically as a group they have underperformed.’” End quotes.

    -------------------------------------------------------------

    End Comment

    Well, these are my top news stories and their stock and fund tips -- for this podcast: “Best ESG Companies, Funds. And More… ”

    To get all the links, stock symbols, or to read the transcript of this podcast -- and more -- go to investingforthesoul.com/podcasts and scroll down to this episode.

    Also, be sure to click the like and subscribe buttons in iTunes/Apple Podcasts or wherever you download or listen to this podcast.

    And please click the share buttons to share this podcast with your friends and family. Let’s promote a better world through ethical and sustainable investing!

    Contact me if you have any questions.

    Stay well and healthy—and aware of the sustainable values of your investments!

    Thank you for listening.

    Talk to you again on November 20. Bye for now.

    © 2020 Ron Robins, Investing for the Soul

    PODCAST: ESG Funds, Stocks. Opportunities in Downturn.

    PODCAST: ESG Funds, Stocks. Opportunities in Downturn.

    ESG funds, stocks, outperforming their ‘conventional’ counterparts in markets’ downturn. Several analysts believe now is a good time to buy these stocks and funds. See which ones they recommend! Investors should also consider artificial intelligence and infrastructure stocks too. With companies reducing or eliminating dividends, one dividend-paying socially responsible stock comes highly regarded. And More

    PODCAST: ESG Funds, Stocks. Opportunities in Downturn.

    Transcript & Links, Episode 29, April 10, 2020

    Hello, Ron Robins here. Welcome to podcast episode 29 for April 10, 2020, titled “ESG Funds, Stocks. Opportunities in Downturn.”—presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources.

    Remember that you can find a full transcript, links to content – including stock symbols – and bonus material at this episode’s podcast page located at investingforthesoul.com/podcasts.

    And, Google any terms that are unfamiliar to you.

    Now with the recent market turnaround, many investors are feeling a sense of relief and thinking beyond the COVID-19 turmoil! With that in mind, the analysts’ research I’m reporting on now might be of interest to you.

    -------------------------------------------------------------

    1) ESG Funds, Stocks. Opportunities in Downturn.

    So, let’s start with the first research comment that illustrates again the ESG funds, stocks, opportunities in this downturn. This comment is titled ESG ETFs Appear Unscathed by the Coronavirus Carnage by Zacks analyst Sanghamitra Saha.

    She writes that” Wall Street just recorded the worst quarter since the fourth quarter of 2008. But ESG ETFs appeared somewhat resilient to the acute selloffs.” End quote. Ms. Saha cites the following ESG ETFs as having gained significant assets during the sell-off. They are:

    Global X Conscious Companies ETF (KRMA). Quote “Its top holdings are Regeneron, Clorox, Biogen, Newmont, Netflix and Amazon.” End quote.

    Next is SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). Quote “The underlying S&P 500 Sharia Industry Exclusions Index comprises the constituents of the S&P 500 Sharia Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services…” End quote.

    Finally, the Nuveen ESG Mid-Cap Growth ETF (NUMG). Again, quoting her she says that “It uses a rules-based methodology that provides investment exposure that generally replicates that of mid-cap growth benchmarks through a portfolio of securities that adhere to predetermined ESG, controversial business involvement and low-carbon screening criteria.” End quote.

    -------------------------------------------------------------

    2) ESG Funds, Stocks. Opportunities in Downturn.

    Now a post for those ethical and sustainable investors wishing to get back into the markets with individual stocks. Ian Jenkins has written an article titled 6 Stocks Cashing In On The $30 Trillion Impact Investing Trend that appears on the oilprice.com site. Here are his six picks.

    Now I’m just going to name the company and then follow it with a short quote by Mr. Jenkins on that company.

    Alphabet (GOOGL). “Is a shining star in the tech world. Despite being one of the largest companies on the planet, in many ways it has lived up to its original ‘Don’t Be Evil’ slogan.”

    Facedrive Inc. (FD.V). “For the first time in ride-sharing history, Facedrive is giving customers a choice to be more environmentally conscious. That’s because it’s utilizing new technology to calculate the estimated CO2 emissions for each ride and allocating a portion of the proceeds accordingly to local organizations to help offset those emissions.”

    Apple Inc. (AAPL). “Not only have they decreased their average product’s energy use by 70 percent… They’ve reduced their total carbon footprint by more than 35 percent in just a few short years…”

    Microsoft Inc. (MSFT). “It’s pushing so hard that it is aiming to be carbon NEGATIVE by 2030. That’s a huge pledge. And if anyone can do it, it’s Microsoft.”

    NextEra Energy (NEE). “[The] world’s leading producer of wind and solar energy… By 2025, the company aims to reduce their own emissions by 67 percent while doubling their electricity production from a 2005 benchmark.”

    Lastly, Total (TOT). “One of the world’s largest oil and gas companies… Through its subsidiaries and new investments, Total is making major waves in the ‘green revolution.’” End quotes.

    -------------------------------------------------------------

    3) ESG Funds, Stocks. Opportunities in Downturn.

    Do you favour tech stocks like most ethical and sustainable investors? Then you might want to see the recommendations of Billy Duberstein. His article is titled 3 Top Artificial Intelligence Stocks to Buy in April and appeared on The Motley Fool site.

    Here are the stocks he recommends with each followed by a quote from him.

    Lam Research (NASDAQ: LRCX). “Makes the machines that allow chipmakers to produce smaller, more powerful chips.”

    Alteryx (NYSE: AYX). “Its main product is an end-to-end, comprehensive software suite, which allows both data scientists and non-data scientists to work together building and deploying machine learning algorithms.”

    Micron Technology (NASDAQ: MU). “Micron's product portfolio will be essential to future artificial intelligence applications, which will require lots and lots of DRAM memory and NAND flash storage. In addition to these products, Micron is also one of only two companies to have 3D Xpoint, a new kind of non-volatile memory that is faster than NAND, though also more expensive. Micron is the only company to have all three technologies.” End quotes.

    -------------------------------------------------------------

    4) ESG Funds, Stocks. Opportunities in Downturn.

    It appears that the next big US fiscal stimulus plan may involve huge spending on infrastructure. Due to this many investors are looking for companies engaged in that sector to buy into.

    In her post on the Motley Fool site, Neha Chamaria writes about 3 Top Infrastructure Stocks to Watch in April. They are – and again followed by a quote from her on each company.

    Nucor (NYSE: NUE). “Nucor is North America's largest manufacturer and supplier of critical infrastructure steel and steel products.”

    Vulcan Materials (NYSE: VMC). “Vulcan is the nation's largest manufacturer of construction aggregates, primarily crushed stone, gravel, and sand, as well as a major producer of asphalt and concrete.”

    Caterpillar (NYSE: CAT). “If infrastructure spending picks up, Caterpillar should be a leading indicator as the world's largest construction-and-mining equipment manufacturer.” End quotes.

    -------------------------------------------------------------

    5) ESG Funds, Stocks. Opportunities in Downturn.

    Ms. Chamaria has also written a post titled 3 Top Renewable Energy Stocks to Buy in April, also on the Motley Fool site. So, following the same format as previously, I’ll say the company followed by a quote from her.

    NextEra Energy Partners (NYSE: NEP). “NextEra Energy Partners was formed in 2014, when NextEra Energy (NYSE: NEE) spun-off its solar and wind energy projects to form an exclusive clean-energy focused limited partnership.”

    Brookfield Renewable Partners (NYSE: BEP). “One of the best diversified renewable energy stocks you can find. While NextEra Energy Partners is focused on wind and solar, Brookfield Renewable specializes in hydropower, or the generation of electricity from water streams.”

    TPI Composites (NASDAQ: TPIC). “The world's largest independent composite wind-blade manufacturer.” End quotes.

    -------------------------------------------------------------

    6) ESG Funds, Stocks. Opportunities in Downturn.

    With this downturn, many investors are finding that dividends they’d become used to from stocks are being cut or even eliminated. Thus, those looking for dividends to provide income has become a real concern!

    Now, this might be helpful to you in that regard. BNK Invest has published an article titled FirstEnergy a Top Socially Responsible Dividend Stock With 3.9% Yield (FE). They write that “FirstEnergy Corp (FE) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ‘DividendRank’ statistics including a strong 3.9% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria.” End quote.

    -------------------------------------------------------------

    7) ESG Funds, Stocks. Opportunities in Downturn.

    Tom Lydon of ETF Trends is making the case for green bonds at this juncture. In a post titled Going Green With Bonds Is a Winning Idea he recommends the VanEck Vectors Green Bond ETF (NYSEArca: GRNB).

    He writes that “The VanEck Vectors Green Bond ETF tracks the S&P Green Bond Select Index, which is ‘comprised of labeled green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by the supranational, government, and corporate issuers globally in multiple currencies,’ according to VanEck.” End quote.

    Here's another interesting item from his article. Mr. Lydon quotes Thomas Wacker, head of credit at UBS Global Wealth and reported in Bloomberg reports as saying that “Sustainable bonds are a ‘defensive opportunity’ that credit investors should favor over non-green, investment-grade corporate notes,’” End quote.

    -------------------------------------------------------------

    End Comment

    Well, these are my top news stories and tips for ethical and sustainable investors over the past two weeks.

    And to get all the links, stock symbols and more, or to read the transcript of this podcast and with additional information too, please go to investingforthesoul.com/podcasts and scroll down to this episode.

    Also, be sure to click the like and subscribe buttons in iTunes/Apple Podcasts or wherever you download or listen to this podcast.

    And, please click the share buttons to share this podcast with your friends and family. That way you can help promote not only this podcast but ethical and sustainable investing globally. So, let’s help create a better world with our investments!

    Contact me if you have any questions.

    Do stay well and healthy – and most wise with your investments at this extraordinary time.

    Thank you for listening.

    Talk to you again on April 24. Bye for now.

    © 2020 Ron Robins, Investing for the Soul.

    An Innovative Approach To Power Deployment

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    In this latest installment of the series focused on how companies and individuals are shaping Nigeria’s renewable energy landscape. Tobiloba Fadesere spoke with Afan, the CEO of Okra Solar a company focused on improving energy access in underserved markets about the potential of the renewable energy industry and the company’s innovative approach to power deployment.