Thanks for joining me!
Good company in a journey makes the way seem shorter. — Izaak Walton
Why a picture of the sea? THE THREAT the incredible power of the tsunamis and the surges – death and detruction in low-lying areas, even flooding London – yet with a ring-fenced flow of funds (where we started inputting to Earth Policy Institute, UK-Cabinet Office and Stern Review).
Legitimately a slice can be justifiable off the importers and middlemen’s resale value “False Value” according to Andrew Wales, author of Big Business, Big Responsibility. In 2020, this slice could be part of adjusting VAT down, then bringing ET alongside as it is grown back to a total of 20% = 10+10
REDUCE MONEY – REDUCE CONSUMPTION, £1.00 THROUGH THE CASH TILL OR PAYPACKET = 1LB (0.45KG) APPROX CO2 INTO ATMOSPHERE! So a typical “earner” is putting 15 tonnes up – ouch! [said Greenpeace lady]. How to fix: the post-Covid to 20+20+20 = 60% economies globally. It’s everyone’s job, to get down to 60% of what they used in the “developed” (some would say Over-developed) “economies.” Since the 1970s and post-war austerity, not really economical. So feel free to phone for ideas on what some of the 40% saved could do and how to get better eco-returns from savings on buildings, trade in imports and money-creation – Greenwood Structures +44(0)7702 569 077of Gas – see also GreenRWorks
From 2017 onwards we’ve been promoting the idea that a GreenER Deal COULD SAVE MASSES of Gas and Oil in US-UK via Eco-Fit. OIL burners in country areas, gas in cities could then on standby. For baths and very cold weather, with just central underfloor warming – not even needing full ground floor replacement. The Central Bank or Commercially-created money (made non-repayable for such special climate-emergency purposes) woulds still be profitable for banks at 1% return on 20-year contracts, just sending out the statements. That would improve on the old Green Deal and make the Savings on a typical energy bill – being at least £600.00 – more than equal to the Eco-Fit interest (for example on the whole cost of a THOROUGH ENVELOPE about £40k). At 1.5% that is £600 p. a. [Fixed-rate]. So with No repayment necessary (Mervyn King when Governor of Bank of England referred to cancellation of the commercially-created money). Although this is not strictly true for mortgage money normally. Freshly-created “by normal means” is the Nuance. It is “repayable” to banks as interest on principal sum declines making payments approx the same over a typical 20-year contract. Because the new greenER funds would be only for the special eco-fit anti-climate-change purposes, it could be perfectly possible with a regulatory rule change to quickly implement (avoiding any fears of runaway inflation) and stimulate rapid success, possibly starting in UK’s Midlands. Meanwhile in Covid-panic terms banks could generously waive interest until businesses/householder incomes return to at least 60%. A recipe for stability and up to 500,000 job new industry making External Wall Insulation doubly efficient by eliminating wind suction.
Similarly landlords could be required to waive lease payments/rent as banks and owners too have comparatively low overheads, especially those with full-repairing lease by those renting and banks with money-creation in good times and high capital buffers. That money-creation devolves to CB in emergency stituations under Treasury guidance but looking ahead forward guidance should become forward action to get the climsate emergency under control [see ET proposal prepared for Treasury- BofE and Institution of Civil Engineers/NewCivilEngineer as possible barrage-funding Eco-Slice.]
SUMMARY : Immediate emphasis on 1.5 % “20-year” non-repayable money at fixed rates for ultra-special purposes if a THROUGHLY ECO-FIT result with Solar-Warmth Storage is achieved.
INNOVATIVELY that could release a slice of extra created money to public purse of one-third of the interest (the 0.5% proportion initially limited to that also on mortgage money). Once a level of retro-fit of a million homes per year at average £40k [if funding stream approved in this fashion] that would be £200 million to the Exchequer, £400m the next year and so on for 20 years [growing to £4bn p.a. then 20 more years at the same level of £4 bn p.a. and similarly £8 billion p.a. to the high-st banks as it grows to 20 million homes then staying level from a futher 20 years as 20 million more homes and buildings improved. A very big and long job. UK-Treasury looks to 100,000 jobs from £3 billion [2020 Chancellor’s statement] so lets say 500,000 more-efficient jobs from £40 billion investment each year lasting altogether for 40 years, depending on numbers of immigrants, birthrate, etc. The (later in 2021) mortgagage-money slice could form a return to local-gov replacing the diminished rate-support grant, certainly protecting libraries and eco-education.
SEPARATELY – As suggested to Stern’s Review and Treasury Select Committee’s Expert at the time, an adjustment to trade rules would see E T Proposal sliced in two and half retrurn on each side of the trade equation – establishing funds for bigger projects globally such as sea barriers (extending Swansea Lagoon southerly to link via future-proof caissons with North-Devon lagoon and Barrage would be first, then East of-Thames Barrage and Freshwater storage lagoons, and Simultaneously Bangladesh-India Bengal Barrage. These are all in comparatively shallow seas and a lot of the dredgings would be used to fill microporous bags as Foundations for Beaches to minimise rock armour and increase amenity value (as well as the INUNDATION-PROTECTION VALUE).
Simple eh? Both of them – see above to be in touch and maybe join in as promoter and consultant, press government, fully understand over a few short convesations in order to elucidate and enlighten ourselves and others.