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Climate Solutions, News, Observation

6 months after the climate summit, where to find progress on climate change in a more dangerous and divided world

Six months ago, negotiators at the United Nations’ Glasgow climate summit celebrated a series of new commitments to lower global greenhouse gas emissions and build resilience to the impacts of climate change. Analysts concluded that the new promises, including phasing out coal, would bend the global warming trajectory, though still fall short of the Paris climate agreement.

Today, the world looks ever more complex. Russia is waging a war on European soil, with global implications for energy and food supplies. Some leaders who a few months ago were vowing to phase out fossil fuels are now encouraging fossil fuel companies to ramp up production.

In the U.S., the Biden administration has struggled to get its promised actions through Congress. Last-ditch efforts have been underway to salvage some kind of climate and energy bill from the abandoned Build Back Better plan. Without it, U.S. commitments to reduce emissions by over 50% by 2030 look fanciful, and the rest of the world knows it – adding another blow to U.S. credibility overseas.

Meanwhile, severe famines have hit Yemen and the Horn of Africa. Extreme heat has been threatening lives across India and Pakistan. Australia faced historic flooding, and the Southwestern U.S. can’t keep up with the wildfires.

As a former senior U.N. official, I’ve been involved in international climate negotiations for several years. At the halfway point of this year’s climate negotiations, with the next U.N. climate conference in November 2022, here are three areas to watch for progress and cooperation in a world full of danger and division.

Crisis response with long-term benefits

Russia’s invasion of Ukraine has added to a triple whammy of food price, fuel price and inflationary spikes in a global economy still struggling to emerge from the pandemic.

But Russia’s aggression has also forced Europe and others to move away from dependence on Russian oil, gas and coal. The G7 – Canada, France, Germany, Italy, Japan, the U.K. and the U.S. – pledged on May 8, 2022, to phase out or ban Russian oil and accelerate their shifts to clean energy.

In the short term, Europe’s pivot means much more energy efficiency – the International Energy Agency estimates that the European Union can save 15%-20% of energy demand with efficiency measures. It also means importing oil and gas from elsewhere.

In the medium term, the answer lies in ramping up renewable energy.

There are issues to solve. As Europe buys up gas from other places, it risks reducing gas supplies relied on by other countries, and forcing some of those countries to return to coal, a more carbon-intense fuel that destroys air quality. Some countries will need help expanding renewable energy and stabilizing energy prices to avoid a backlash to pro-climate policies.

As the West races to renewables, it will also need to secure a supply chain for critical minerals and metals necessary for batteries and renewable energy technology, including replacing an overdependence on China with multiple supply sources.

Ensuring integrity in corporate commitments

Finance leaders and other private sector coalitions made headline-grabbing commitments at the Glasgow climate conference in November 2021. They promised to accelerate their transitions to net-zero emissions by 2050, and some firms and financiers were specific about ending financing for coal plants that don’t capture and store their carbon, cutting methane emissions and supporting ending deforestation.

Their promises faced cries of “greenwash” from many climate advocacy groups. Some efforts are now underway to hold companies, as well as countries, to their commitments.

A U.N. group chaired by former Canadian Environment Minister Catherine McKenna is now working on a framework to hold companies, cities, states and banks to account when they claim to have “net-zero” emissions. This is designed to ensure that companies that pledged last year to meet net-zero now say how, and on what scientific basis.

For many companies, especially those with large emissions footprints, part of their commitment to get to net-zero includes buying carbon offsets – often investments in nature – to balance the ledger. This summer, two efforts to put guardrails around voluntary carbon markets are expected to issue their first sets of guidance for issuers of carbon credits and for firms that want to use voluntary carbon markets to fulfill their net-zero claims. The goal is to ensure carbon markets reduce emissions and provide a steady stream of revenue for parts of the world that need finance for their green growth.

Climate change influencing elections

Climate change is now an increasingly important factor in elections.

French President Emmanuel Macron, trying to woo supporters of a candidate to his left and energize young voters, made more dramatic climate pledges, vowing to be “the first major nation to abandon gas, oil and coal.”

With Chile’s swing to the left, the country’s redrafted constitution will incorporate climate stewardship.

In Australia, Scott Morrison’s government – which supported opening one of the world’s largest coal mines at the same time the Australian private sector is focusing on renewable energy – faces an election on May 21, 2022, with heatwaves and extreme flooding fresh in voters’ minds. Brazil’s Jair Bolsonaro faces opponents in October who are talking about protecting the climate.

Elections are fought and won on pocketbook issues, and energy prices are high and inflation is taking hold. But voters around the world are also experiencing the effects of climate change firsthand and are increasingly concerned.

The next climate conference

Countries will be facing a different set of economic and security challenges when the next round of U.N. talks begins in November in Sharm el-Sheikh, Egypt, compared to the challenges they faced in Glasgow. They will be expected to show progress on their commitments while struggling for bandwidth, dealing with the climate emergency as an integral part of security, economic recovery and global health.

There is no time to push climate action out into the future. Every decimal point of warming avoided is an opportunity for better health, more prosperity and better security.

Rachel Kyte, Dean of the Fletcher School, Tufts University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Climate Solutions, Earth and Ecology, Sustainable Energy

Electrifying homes to slow climate change: 4 essential reads

The latest reports from the Intergovernmental Panel on Climate Change show that to avoid massive losses and damage from global warming, nations must act quickly to reduce their greenhouse gas emissions. The good news is that experts believe it’s possible to cut global greenhouse gas emissions in half by 2030 through steps such as using energy more efficiently, slowing deforestation and speeding up the adoption of renewable energy.

Many of those strategies require new laws, regulations or funding to move forward at the speed and scale that’s needed. But one strategy that’s increasingly feasible for many consumers is powering their homes and devices with electricity from clean sources. These four articles from our archives explain why electrifying homes is an important climate strategy and how consumers can get started.

1. Why go electric?

As of 2020, home energy use accounted for about one-sixth of total U.S. energy consumption. Nearly half (47%) of this energy came from electricity, followed by natural gas (42%), oil (8%) and renewable energy (7%). By far the largest home energy use is for heating and air conditioning, followed by lighting, refrigerators and other appliances.

The most effective way to reduce greenhouse gas emissions from home energy consumption is to substitute electricity generated from low- and zero-carbon sources for oil and natural gas. And the power sector is rapidly moving that way: As a 2021 report from Lawrence Berkeley National Laboratory showed, power producers have reduced their carbon emissions by 50% from what energy experts predicted in 2005.

“This drop happened thanks to policy, market and technology drivers,” a team of Lawrence Berkeley lab analysts concluded. Wind and solar power have scaled up and cut their costs, so utilities are using more of them. Cheap natural gas has replaced generation from dirtier coal. And public policies have encouraged the use of energy-efficient technologies like LED light bulbs. These converging trends make electric power an increasingly climate-friendly energy choice.

The U.S. is using much more low-carbon and carbon-free electricity today than projected in 2005. Lawrence Berkeley Laboratory, CC BY-ND

2. Heat pumps for cold and hot days

Since heating and cooling use so much energy, switching from an oil- or gas-powered furnace to a heat pump can greatly reduce a home’s carbon footprint. As University of Dayton sustainability expert Robert Brecha explains, heat pumps work by moving heat in and out of buildings, not by burning fossil fuel.

“Extremely cold fluid circulates through coils of tubing in the heat pump’s outdoor unit,” Brecha writes. “That fluid absorbs energy in the form of heat from the surrounding air, which is warmer than the fluid. The fluid vaporizes and then circulates into a compressor. Compressing any gas heats it up, so this process generates heat. Then the vapor moves through coils of tubing in the indoor unit of the heat pump, heating the building.”

In summer, the process reverses: Heat pumps take energy from indoors and move that heat outdoors, just as a refrigerator removes heat from the chamber where it stores food and expels it into the air in the room where it sits.

Another option is a geothermal heat pump, which collects warmth from the earth and uses the same process as air source heat pumps to move it into buildings. These systems cost more, since installing them involves excavation to bury tubing below ground, but they also reduce electricity use.

3. Cooking without gas – or heat

For people who like to cook, the biggest sticking point of going electric is the prospect of using an electric stove. Many home chefs see gas flames as more responsive and precise than electric burners.

But magnetic induction, which cooks food by generating a magnetic field under the pot, eliminates the need to fire up a burner altogether.

“Instead of conventional burners, the cooking spots on induction cooktops are called hobs, and consist of wire coils embedded in the cooktop’s surface,” writes Binghamton University electrical engineering professor Kenneth McLeod.

Moving an electric charge through those wires creates a magnetic field, which in turn creates an electric field in the bottom of the cookware. “Because of resistance, the pan will heat up, even though the hob does not,” McLeod explains.

Induction cooktops warm up and cool down very quickly and offer highly accurate temperature control. They also are easy to clean, since they are made of glass, and safer than electric stoves since the hobs don’t stay hot when pans are lifted off them. Many utilities are offering rebates to cover the higher cost of induction cooktops.

4. Electric cars as backup power sources

Electrifying systems like home heating and cooking made residents even more vulnerable to power outages. Soon, however, a new backup system could become available: powering your home from your electric vehicle.

With interest in electric cars and light trucks rising in the U.S., auto makers are introducing many new EV models and designs. Some of these new rides will offer bidirectional charging – the ability to charge a car battery at home, then move that power back into the house, and eventually, into the grid.

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Only a few models offer this capacity now, and it requires special equipment that can add several thousand dollars to the price of an EV. But Penn State energy expert Seth Blumsack sees value in this emerging technology.

“Enabling homeowners to use their vehicles as backup when the power goes down would reduce the social impacts of large-scale blackouts. It also would give utilities more time to restore service – especially when there is substantial damage to power poles and wires,” Blumsack explains. “Bidirectional charging is also an integral part of a broader vision for a next-generation electric grid in which millions of EVs are constantly taking power from the grid and giving it back – a key element of an electrified future.”

Editor’s note: This story is a roundup of articles from The Conversation’s archives.

Jennifer Weeks, Senior Environment + Energy Editor, The Conversation

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Climate Solutions, News, Observation, Politics

With the Failure of Politics, People Are Waking Up to the Realization That They Have a World to Win

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People everywhere are waking up to the realization that they must fight to organize the world in such a way that there is a sustainable future for humanity and the planet.

Above: Photo credit, NASA

Last month’s COP26 climate summit at Glasgow ended as a complete flop. While some have hailed as success the mere inclusion of the phrase “unabated coal should be phased down” in the final agreement, the fact of the matter is that the transition from fossil fuels to clean energy remains a distant dream. It should also be obvious to all that the climate deal reached at COP26 in no way prevents planetary temperature from crossing the 1.5 degrees Celsius threshold.

Under such a socioeconomic system, it is highly unlikely that the political establishment will dare to embark on a climate action course that might prove detrimental to powerful economic interests.

But let’s be blunt about rising global temperatures. Thanks to the failure of politics with regard to global warming, the critical threshold of 1.5 degrees Celsius will be reached or exceeded within the next couple of decades under all emissions scenarios considered, according to IPCCS’ latest findings. The only question is whether we can prevent the planet from getting even hotter—potentially passing 2 degrees or even 3 degrees Celsius.

Indeed, our national leaders have failed us on climate change, and we know the reasons why.  

I explained this in a recent Op-Ed for Al Jazeera English.

“First, leaders sit on climate negotiating tables with the intent to advance an agenda that serves above all their own national interests rather than the health of our planet.  Their mindset is still guided by the principles of “political realism” and political short-termism. This is why their words are not matching up with their actions.

Thus, Joe Biden can make a moral pronouncement to world leaders at COP26 in Glasgow that the US will lead the fight against the climate crisis “by example”, but, less than two weeks later, his administration auctions oil and gas leases in the Gulf of Mexico.

Second, the nation-state remains the primary actor in world affairs, so there are no international enforcement mechanisms with regard to pledges about cutting emissions. International cooperation, let alone solidarity, is extremely difficult to attain under the existing political order, and as leading international affairs scholar Richard Falk has argued, “Only a transnational ethos of human solidarity based on the genuine search for win/win solutions at home and transnationally can respond effectively to the magnitude and diversity of growing climate change challenges.”Third, “the logic of capitalism” guides the world economy. With profit-maximization as the ultimate motive, capitalism is toxic for the environment, especially in its neoliberal version, with a strong emphasis on deregulation and privatization.

Under such a socioeconomic system, it is highly unlikely that the political establishment will dare to embark on a climate action course that might prove detrimental to powerful economic interests.” But all is not yet lost. Climate activism is now a global movement, and it is surely our only way out of the climate conundrum. An estimated 100,000 people marched in Glasgow, and tens of thousands in other cities around the world, demanding bold action at the COP26 climate conference. Global warming demonstrations are filled with people of all ages and walks of life. Scores of scientists were arrested during the COP26 summit for carrying out various acts of civil disobedience.

To be sure, real leadership at the Glasgow summit was on display by the thousands of activists who took to the streets—not by the diplomats inside the halls of the Scottish Event Campus.

Moreover, we should not overlook the fact that some progress has indeed been made in the fight against global warming. The European Union is trying to make more than 100 cities carbon neutral by 2030. In Latin America and the Caribbean, in Asia and the Pacific, hundreds of climate projects have been introduced to combat fight the climate crisis.   

Progressive economists, like those at the Political Economy Research Institute (PERI) of the University of Massachusetts–Amherst, are taking real steps to help us combat global warming by producing highly detailed climate stabilization programs that drive sustainability while boosting employment. Indeed, Robert Pollin and some of his co-workers at PERI have brought the Green New Deal project to the forefront of public consciousness in scores of U.S. states. They are also hard at work now to spread it to other countries of the world.

Within the same context, organizations such as ReImagine Appalachia in the Ohio River Valley are laying the groundwork for a post-fossil fuel economy. Through both grassroots and grasstops initiatives, ReImagine Appalachia has engaged a wide variety of stakeholders in a shared vision of building a sustainable future based on clean and renewable energy sources and investments in the natural infrastructure to support “carbon farming,” but also  through the creation of good union jobs for low-wage workers and by ensuring a just transition for all towards an environmentally sustainable economy, including of course workers in the extractive industries. As Amanda Woodrum, Senior Researcher, Policy Matters Ohio, and Co-Director, Project to ReImagine Appalachia likes to say, this is the only way that “Appalachia stays on the climate table, otherwise it will be on the menu.”

In the state with the largest economy in the United States, a detailed project of building a clean-energy infrastructure and reducing emissions by 50 percent as of 2030 and achieving a zero-emissions economy by 2045 has received strong support by more than 20 major unions across the state, including the United Steel Workers Locals 5, 675 and 1945 (who represent workers in the fossil fuel supply chain). The latest union to endorse the California Climate Jobs Plan, outlined in Program for Economic Recovery and Clean Energy Transition in California by Robert Pollin and his co-workers at PERI, is the San Fransisco Region of the Inland Boatman’s Union.  

Indeed, labor activism in California is in the midst of a dramatic resurgence, with key labor union leaders and organizers such as, among others, Tracey Brieger, Dave Campbell, Norman Rogers, and Veronica Wilson, keen to continue the legacy of Tony Mazzocchi of the Chemical and Atomic Workers International Union. Mazzocchi was one of the earliest environmental activist leaders who advocated the idea of just transition for workers in carbon-intensive industries. His view, which is at the core of “Just Transition,” was that helping displaced workers should not be seen as philanthropy or welfare. According to Mazzocchi, those who had worked to “provide the world with the energy and the materials it needs deserve a helping hand to make a new start in life.”

There is no shortage of activism in today’s world. The Green New Deal Network, a coalition of 15 progressive organizations working together with the explicit aim of mobilizing grassroot power in order to advance the vision of the Green New Deal across key states, while also applying pressure at the federal level, is yet another case emblematic of the important shift taking place in a world where the conditions for the transition to a sustainable and just future are being so blatantly ignored by the political establishment.

People everywhere are waking up to the realization that they must fight to organize the world in such a way that there is a sustainable future for humanity and the planet. They know that they have a world to win.

Originally published on Common Dreams by C.J. POLYCHRONIOU and republished under a Creative Commons license (CC BY-NC-ND 3.0

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Climate Solutions, News, Observation, Politics

Drill, Baby, Drill: Capitalism’s Only Plan for Climate Is Collapse

Photo by Zbynek Burival on Unsplash

If we continue not acting against the real cause of the climate crisis—the capitalist mode of production and the capitalist worldview—they will take it as a social license to carry on with collapse.

This past week’s flurry of announcements over “ambitious action” by governments during the COP26 in Glasgow has been justly received with scepticism by climate justice activists and the general public (and enthusiastic support by the media in general). During this same period important revelations of the massive gap in terms of necessary emission cuts and country’s plans emerged, as the broader rejection of greenwashing became pervasive. The narrative of false solutions and green capitalism doesn’t work. Yesterday, the revelation that over 800 oil & gas wells are being planned for drilling still this year and in 2022, in the report “Drill, Baby, Drill“, makes it clear that the proceedings of COP26 are mostly propaganda, as the only real, mandatory and contractualized plan global capitalism has for the climate crisis is collapse.

The reason why the climate crisis is not being solved is because it will lead to the biggest shift in power in the history of humanity, it will lead to the biggest transfer of wealth and loss of profit in history.

The scenario is the most dire ever. Not only the concentration of CO2 in the atmosphere is at its highest for millions of years, temperatures keep pushing closer to 1.5ºC and emissions are rising once again after the Covid hiatus. The IPCC scientists have leaked the second draft of Group II’s report, which states that “estimates of committed CO2 emissions from current fossil energy infrastructure are 658 GtCO2 […] nearly the double the remaining carbon budget,” revealing that “others [scientists] stress that climate change is caused by industrial development and more specifically the character of social and economic development produced by the nature of the capitalist society, which they therefore view as ultimately unsustainable.” In a few months, we will understand the level of political and business editing in the final report that finally comes out.

Yet, current infrastructure is not enough for global capitalism. In the “Drill, Baby, Drill” report, made public by the Glasgow Agreement at the COP26 Coalition’s People Summit, a still bigger measure of incoherence appears. There are 816 new oil & gas wells being planned and drilled until the end of the year and in 2022. These are located in 76 countries all around the world, countries whose governments are currently sitting in the halls of the COP26 in Glasgow, to “negotiate” a solution for the climate crisis.

The host UK appears close to the top of desired new wells, with 36, mostly offshore, in the basins of Central Graben, Moray Firth, the North Sea and Shetland. It is very likely that while Boris Johnson was doing his James Bond gag on stage, at least some four wells were being drilled to add to British fossil fuel reserves, making him a sort of meta-Bond villain. The top of the ranking for most wells planned goes to Australia and Russia, with 80 wells each, closely followed by Mexico with 78. Australia, Russia, Mexico, Indonesia, USA, Norway, UK, Brazil and Myanmar plan to drill over 500 oil & gas wells between now and the end of 2022. The report points out that this is very likely an underestimation. The companies most involved in drilling these wells are the gallery of the usual suspects: ENI, Petronas, Shell, Equinor, Total, Pemex, BP, Pertamina, Chevron and ExxonMobil. There are at least 67 wells planned above the Arctic Polar Circle. Total and ExxonMobil are in a contest to drill the deepest well ever in the ocean (Total is going for 3628m deep in Angola, and ExxonMobil is going for 3800m deep in Brazil). Many of these companies are spending millions every year on propaganda for carbon neutrality and other false solutions, blocking real action and expanding their operations.

The report also includes a sample of wells drilled in 2021 so far, with China on top, followed by Turkey, Russia, Norway, Indonesia, Mexico, Pakistan, Australia and Egypt, the host for the next COP.

This shouldn’t come as a surprise to anyone. It is the way this system operates: just enough propaganda of “ambition” and technofixes to keep fossils flowing as ever, while the climate collapses. The information does provide us with a question: if the on climate change debate is framed by companies and governments around the terms of net-zero, carbon credits, carbon taxes and offsettings, rather than stopping emissions, when will it ever come to the real problem of the climate crisis? Well, never. And that is the purpose.

Governments and companies are actively engaged in not cutting emissions, but also in effectively increasing them. Each and every one of these wells is a public crime against Humanity and all species on this planet, advertised in advance. It is good that we know them, though, for it is better to know fossil capitalism’s plans to collapse us beforehand and in as much detail as possible. That is why the call on the report does not go out to governments and fossil companies to suddenly act after over three decades of expanding fossil use. The call goes out to the climate justice movement and civil society: spread this information far and wide, act on it, campaign on it, block, stop and detain all of these projects. Other millions of fossil and fossil-based projects compose the menu of collapse daily confirmed by governments and companies. They are the legally binding commitment for our collapse and need to be stopped.

The overwhelming agreement on the reason why the climate crisis is not being fixed is becoming as high as the overwhelming scientific agreement on the cause of the climate crisis. The reason why the climate crisis is not being solved is because it will lead to the biggest shift in power in the history of humanity, it will lead to the biggest transfer of wealth and loss of profit in history. That means very little to the majority of the human population, as we will be the beneficiaries of this shift, of this transfer, of this redistribution. If we solve this crisis, we will have the chance to heal our battered planet. That is why their plan means collapse: they refuse to abdicate an inch of their brutal privilege and power. If we continue not acting against the real cause of the climate crisis—the capitalist mode of production and the capitalist worldview—they will take it as a social license to carry on with collapse. Even without social license, their plan will always lead to collapse. It’s not circumstantial, it is the core of this system. We need to collapse them.

Originally published on Common Dreams by JOÃO CAMARGO and republished under Creative Commons (CC BY-NC-ND 3.0)

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D.I.Y., Health and Diet, Lifestyle

New Years Challenge: How to Find Your Triumph of Meaning

Above: Photo Collage / Lynxotic / Adobe Stock

For a lot of us, the New Year kicks off by creating resolutions of things we hope to change

In the past, I have unconsciously set myself up for failure whenever forming resolutions. The unrealistic rhetoric of “New Year, New Me”, got me thinking that the way I was setting my resolutions, was almost automatically leading me down the same path, one that would be extremely short lived and make me feel bad that I couldn’t “change” and ultimately fail.

This year instead of trying to give myself over-reaching and vague goals like “lose weight”, or “try a diet plan” or “join a gym” ( which is a precarious decision right now anyways) I decided to do it differently.

Again, for me, in the many years I’ve pledged in the past, to aim for these types of resolutions, I’ve have almost always petered out. The focus and effort only lasted for a very short period, sometimes less than a month.

Setting up these absurdly, overly ambitious and wholly unrealistic goals, it’s no wonder that almost no kind of transformation or shift in my behavior ever actually happened.

With all the craziness of 2020, and the continuing rocky start in 2021, I wanted to do something a little different. Instead of a resolution or straight-up decision to change, I decided to instead focus on creating healthy and positive intentions and goals.

How to narrow focus, yet open up to the idea of what success actually looks like

After the pandemic and all the stressors that came alongside it (physical, emotional, financial) putting another unnecessary stressor, such as desperately wanting to get down to my high school weight seemed wrong.

I consider myself a generally healthy person that “sometimes” works out, though with covid-19, the workouts have been more sporadic and inconsistent. This year, I wanted to make healthy goals, in the form of a realistic resolution, while also holding myself accountable in ways I could actually attain.

I wanted my resolution to encompass something physical while also trying to get better with my followthrough ( I’m very much a “phase” person).

I decided I wanted to have run 1,000 miles by the end 2021.

Having a specific number, like 1,000, I would be able to better breakdown and track myself and monitor my progress. I also by thinking number itself as a concrete thought, or writing it out to solidify the idea, can help to engender a stronger commitment.

Looking at that number, 1,000, I knew it was a high number, but when broken down, I knew it could easily be achieved. I just did some simple math. There are 365 days in a year if you divide that by my goal of 1000 miles that’s only a little bit less than 3 miles a day (2.73).

While 3 miles is not a lot for a “runner”, it certainly is do-able for me and would not take more than an hour a day. On days where I have full energy, I am able to run a mile in about 10 minutes, although sometimes I’m not in the mood to run and I walk which then takes double that. Still either method would count toward the distance goal and is definitely possible to achieve.

It’s both the challenge to improve and the satisfaction of meeting a goal of my very own that drives me forward

With this concept in mind, the design of my resolution, and how to reach it, gives a little more flexibility. If I don’t feel good for example or have a crazy busy day, and take a day off, there might be “make-up-days” where I’m going to run 6 miles. I think having more than 2 off days (meaning I would have to be responsible for 9 miles) would put me on check not to get too far behind.

I think it’s important to be gentle with yourself when putting forth energy into something new and positive for yourself. There are always and understandably going to be “fails” and bumps that get in the way. Yet if you are able to not get down on yourself, these fails can be opportunities to learn about yourself and even turn into internal motivators to keep going.

My hope in that I can achieve my goal. I’m optimistic because I’ve purposely made the resolution (intention, goal, etc) based on something that I already do (exercise). Instead of trying to achieve something that is not even in my wheel-house, like win first place in a triathlon.

Why? Because I think it’s important to find reasons to be proud of yourself. Last year was really rough, yet many of us have survived, so while this year is starting out rough for many, I feel that, for me, a resolution focusing on something under my personal control is a way to start 2021 to be better. In short it’s privately optimistic beginning that hopefully leads to a much better outcome as the new year unfolds.

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Economics, Esoteric, Finance, Stock Market, Tech

Father of Fractals is Google Doodle Star: Who is Benoit Mandelbrot?

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Above: Photo Collage / Lynxotic

Mathematics and Philosophy meet in Fractal Pioneer’s Unique Career

Benoit Mandelbrot, the renowned French-American mathematician, died on October 14th, 2010 at the age of 85, and would have turned 96 today.  To celebrate, Google published a doodle in his honor.   An additional part of the celebration, Google launched an  interactive “Explore” feature to allow users to view the endless patterns of the Mandelbrot set. 

Click to see “Fractals and Chaos”
and help Independent Bookstores.
Also available on Amazon.

If you don’t know what a fractal is, simply put, it is a never-ending pattern.  As defined by the Fractal Foundation: “They are infinitely complex patterns that are self-similar across different scales.  They are created by repeating a simple process over and over in an ongoing feedback loop“. There are many examples of fractals in nature, in fact virtually all natural phenomena can be seen as being fractal based. 

Mandelbrot is best known for fractal geometry, which is a term he coined in 1975 to describe a new branch of geometry that sought to explain of the irregular shapes and processes found within nature.  His research has contributed valuable knowledge in many different fields including physics, medicine, geology, art and even finance. 

Wide ranging influence continues to this day

His fractal theory have even found its way into pop culture, with graphical images created by his algorithm placed on t-shirts, posters, album covers, and even inspired a song called “Mandelbrot Set” by Jonathan Coulton and the text “The Colours of Infinity” by Arthur C. Clarke. 

The mathematician won numerous awards, including the prestigious ‘Wolf Prize” in 1993 for Physics and even had a small asteroid named in his honor in 2000 called ’27500 Mandelbrot’.

Mandelbrot made significant contributions to the study of financial markets as a fractal based system that conforms to the concept that all of nature, and the entire universe, is also fractal based. A great body of overlapping work exists between the studies of the financial markets done by Mandelbrot himself as well as the way his fractal concepts figured into the work of Ralph Nelson Elliott and Robert Prechter of the ElliottWave.com. 

The basis of Elliott’s theory is to describe price movements in financial markets as recurring, fractal wave patterns. This core insight was, in essence an outgrowth of the recognition that, when looking at various time frames in stock market charts, and therefore the human behavior that generated those patterns, the result is no different than looking at, for example, a sea coastline from various altitudes – which reveals a fractal. 

The insight that produced this theory not only established and inspired the stock trading strategy based on the Elliott Wave Theory, but also more recently led to Robert Prechter’s Socionomic Theory. Socionomics is a new science using the benefits of Elliott Wave Theory in understanding not only finance and economics but also social behavior, popular culture and politics which can be seen as interpreting nature using fractal based concepts. 

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