Bill Baue Profile picture
26 Oct, 8 tweets, 9 min read
Watching livestream of book launch for "THRIVE: Fundamentals for a New Economy” that @aheadahead1 & I contributed a chapter to.

dezwijger.nl/programma/boek… Image
@aheadahead1 “There is a lot of bullshit about circular economy” says Chapter Author @hanswstegeman referring to companies like Ikea and H&M that are ultimately about fast fashion and planned obsolescence.
@aheadahead1 @hanswstegeman @KTrebeck says:

"Ronald Reagan once said, ‘There are no limits to growth because there are no limits to our imagination.'

But an economy based on unlimited growth actually shows lack of imagination.

This is a handbook of imaginative ideas for our future to be just, safe, fun"
@aheadahead1 @hanswstegeman @KTrebeck @aheadahead1 says:

“We need to transcend competition and embrace collaboration to focus on what's necessary.

We also need not only true costing, true benefiting, true pricing, true taxing, and true remuneration."
@aheadahead1 @hanswstegeman @KTrebeck @CapInstitute Founder John Fullerton says:

“Economics is applied ecology.

There are unquestioned assumptions of the neoclassical economic paradigm — such as the pursuit of efficiency)

However, living systems balance efficiency & resilience.”
@aheadahead1 @hanswstegeman @KTrebeck @CapInstitute @Rutger_Hoekstra says:

"We've had a monoculture of economic thinking -- what I like about this book is that it provides a multidisciplinary approach.”
@aheadahead1 @hanswstegeman @KTrebeck @CapInstitute @Rutger_Hoekstra @kees_klomp_ & Shinta Oosterwaal gift the first copies of the book — a “labor of love” to their kids! Image
@aheadahead1 @hanswstegeman @KTrebeck @CapInstitute @Rutger_Hoekstra @kees_klomp_ Thanks so much to @AndrewWinston for the positive words on the THRIVE book! Image

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More from @bbaue

4 Jul
The Anthropocene reality of financial risk by @BeatriceCrona Carl Folke & @vgalaz

sciencedirect.com/science/articl…

Aligns closely w/@r3dot0 Sustainable Finance Blueprint r3-0.org/wp-content/upl…
@BeatriceCrona @vgalaz @r3dot0 "Complex dynamics, such as threshold effects (tipping points) and strong interactions resulting in cascading effects, are all known drivers of systemic failure in any complex system. Yet
state-of-the-art risk analyses still do not adequately account
for them."
@BeatriceCrona @vgalaz @r3dot0 "Furthermore, most financial risk assessment still relies on historical data, and would underestimate or completely miss the potential for thresholds and cascading effects not previously experienced…"
Read 17 tweets
1 Apr
.@kmac hits the nail on the head!

Europe Should Keep Its Green Bar High, Even If Many Can’t Meet It

Only a small fraction of today’s economic activities would pass a rigorous, science-based assessment for sustainability

bloomberg.com/news/articles/…
@kmac "the taxonomy’s purpose … is to set a very high bar based on what scientists [say] is needed ... to avoid the worst effects of climate change. Instead of assessing sectors or companies as they are now, the taxonomy identifies … what...activities ... will lead to a safer planet"
@kmac This sets it apart from other frameworks, such as the @FSB_TCFD which seek to identify risks arising from climate change.

Or the sustainability reporting project being developed by the @IFRSFoundation, which hosts accounting standards used across the world."
Read 8 tweets
31 Mar
"‘Transformational investment’ requires a ‘transformational framework’” writes Francesco Curto of @DWS_Group

ipe.com/home/guest-vie…

"A transformational investment will not succeed without changes in how we operate. To achieve such frameworks, three objectives must be met:..."
@DWS_Group #3 "Resolve the conflict of interest along the value chain [that] are detrimental to consumers, who face uncertain definitions, higher costs and lack protection as financial products make ESG claims that cannot be verified."
@DWS_Group "Then came a formal complaint by Bill Baue … to the board of the Science Based Targets initiative (SBTi) about potential conflict of interests. The complaint centred around the proposed methodologies used to guide companies and investors towards net zero…"
Read 6 tweets
25 Mar
Memorandum on Science Based Targets Initiative Steering Committee Response Letter to the Formal Complaint

bbaue.medium.com/memorandum-on-…
It makes sense to briefly set the context of the significance of the issues raised in this Complaint.

In a nutshell, the Science Based Targets initiative has gained significance beyond its own direct purview, raising the stakes for it to exhibit deep integrity.

A few examples:
SBTi serves as a model for the broader initiative it has spawned, the Science Based Targets Network (SBTN), which is establishing similar thresholds-and-allocations-based methodologies for other areas of ecological impact, such as biodiversity and water.

sciencebasedtargetsnetwork.org
Read 31 tweets
15 Feb
As an original instigator of @sciencetargets it deeply saddens me to tweet this thread on the formal complaint I submitted to the SBTi Executive Board on self-dealing conflict of interests concerns.

See here: bbaue.medium.com/formal-complai…
@sciencetargets The substance of the complaint is validated by a scientific study by Anders Bjørn & Concordia University colleagues recently published as an accepted manuscript in the peer-reviewed journal Environmental Research Letters:

iopscience.iop.org/article/10.108…
@sciencetargets Bjørn et al raise 2 key intertwining technical problems: (mis)alignment with the “latest climate science,” and what they call “emissions imbalances” — i.e., collective carbon footprints under- or overshooting the carbon budget (slices of the pie = less or more than a single pie).
Read 29 tweets
13 Feb
Underestimating the Challenges of Avoiding a Ghastly Future

frontiersin.org/articles/10.33…

Abstract: We report three major and confronting environmental issues that have received little attention and require urgent action.
First, we review the evidence that future environmental conditions will be far more dangerous than currently believed. The scale of the threats to the biosphere & all its lifeforms—including humanity—is in fact so great that it is difficult to grasp for even well-informed experts
Second, we ask what political or economic system, or leadership, is prepared to handle the predicted disasters, or even capable of such action.
Read 6 tweets

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