Climate Change, the Environment and Local Public Banks

There is evidence of, and broad scientific consensus that, the earth is warming. And according to the IPCC there is a direct correlation to the concentrations of CO2 in the atmosphere. While there is still debate about the significance of CO2 and other factors like the Milankovitch cycles (video here)in explaining the apparent rise in the average surface temperature of the earth, most scientists agree that CO2 is a contributing factor, and they will often source the Antarctic Ice Core studies which show a clear correlation of CO2 and temperature over the last 800 thousand years.

It seems a wise choice for governments around the world to take seriously the concerns of the scientific community and to reduce burning of the dirtiest forms of fossil fuels, like coal, if only for the health benefits of their respective communities.

But caution should be exercised when trying to impose a single solution on every community, especially the poorer communities, as the evidence strongly suggests that when given a choice between feeding their families and keeping them warm or adhering to CO2 reduction protocols, the poor will always choose the former not the latter.

Nonetheless, developed communities, cities, counties, and states, can do a great service to humanity by developing technologies that are more efficient, more reliable, that use less and less energy to do the same amount of work, and making these technologies freely or affordable in local currency and living standards.

Reducing toxins from the atmosphere is therefore a very good objective, and governments should be pursuing this environmental goal to protect their citizenry from the many poisons that coal and petroleum products produce as a byproduct.

But even in the United States, financing this path to cleaner energy is a feat that has become increasingly difficult, as local, county, and state debt continues to increase with no sign of relief on the horizon.

Understandably, elected officials are reluctant to add more debt, adding more to the burgeoning debt obligations already overwhelming their constituents and future generations.

And according to the Denver Post, “Colorado households are weighed down with the heaviest debt burdens of any state, even when looking at more expensive places to live like California and Hawaii

Money that once fled your community to Wall Street banks, is now returned and multiplied many times to your city, county, or state when deposited in your local public bank. Abundant low cost financing becomes available for local renewable energy projects like wind and solar, making the transition toward a more sustainable future a reality. New jobs in PV and wind installations, sales, marketing, and administration will be created, giving the local jurisdiction an economic boost. More tax revenue is generated, creating more community wealth. Like the Sparkassen banks of Germany, a green revolution becomes possible.

A dynamic economic engine is created locally empowering the taxed communities, multiplying their tax payments many times to improve the conditions of the community.

The cycle of wealth generation thru taxation, instead of being ‘loaned’ to the private monopoly banks, will be returned to the taxed community — city, county, state, national -- only with local public banks as sole depositories for taxpayer largess.

Growth without inflation and without environmental destruction becomes possible with local public banks.

Bring our money home! Now!

#LocalPublicBanksInstead

Join the movement for local public banks, find out more.

http://RMPBI.ORG

So what can be done?

Clearly, adding more debt to the government and people is not a solution.

With the establishment of a state, county, or city public bank, a viable, workable, and efficient solution is presented to us.

There is a better way: The PUBLIC Banking Model… and it can happen very quickly & spread rapidly.

Imagine the possibilities!