Market Forces: Foreign Factors & Domestic Actors

Do you see it yet?

Assumptions aside, before progressing any further into this text, I’d recommend reading my post, “Environments & Requirements” – it serves as a backdrop for this discussion of ambiguous terminology employed by myself & others of far greater influence.

Admittedly, I was extremely reductive in my total description of the dissenting Justice’s vague reference to “market forces” that economically enacted the moderation sought to be legislatively achieved through the Clean Power Plan of 2015. I was pressed for time in a number of ways & opted to employ a tone as cryptic as the parties involved & for that I apologize.

Across the United States of America & most nations across the globe, contractually binding agreements focused on the years 2025, 2030 & 2050 are actively being implemented & exercised in ways that, more often than not, circumnavigates a nations domestic legislation & overtly neglects public opinion.

Nonetheless, we’re all pressed for time.

By a design I hope to properly explain henceforth, these contracts are primarily fulfilled through utilization of actors in two distinct groupings:

• individual members of domestic governments on the local or national level, party to, or at the very least aware of the contract & beholden to it’s terms. Throughout this text, we’ll refer to them as “domestic actors”.
• individual members of corporations & non-government organizations party to, or at the very least aware of the contract & beholden to it’s terms. Throughout this text, we’ll refer to them as “foreign factors”. (The video I have linked at the end of “Environments & Requirements” is a documented example of the second scenario.)

This aforementioned contract, oftentimes discussed as though singular in nature, is actually a consortium of contracts contingent upon an original that essentially grows through these compartmentalized amendments.

In 1992, the United Nations Framework Convention on Climate Change, described as a treaty of nations, was the foundation of the Conference of the Parties (COP) & the Convention on Biological Diversity (CBD), the latter being an international contract signed at the Earth Summit in Rio de Janeiro, Brazil, on June 5, 1992 and entered into force at the end of 1993. A majority of the 196 parties signed the contract immediately or soon after; the rest signed later in the early 2000’s with the latest being the nation of Andorra on February 4th, 2015. As simply as it is, nations involved are the Conference of the Parties.

The contract created by the CBD is the foundation of a number of other contracts & compartmentalized sub-organizations – for the sake of time & clarity, I’ll be focusing on overall elements & intermittently addressing specifics that will best discuss the “market forces” alluded to all too often.

The degree of obligation parties to the contract are subject to are clearly stated in Article 5:

Each Contracting Party shall, as far as possible and as appropriate, cooperate with other Contracting Parties, directly or, where appropriate, through competent international organizations, in respect of areas beyond national jurisdiction and on other matters of mutual interest, for the conservation and sustainable use of biological diversity.

As well as Article 10:

Each Contracting Party shall, as far as possible and as appropriate:
(a) Integrate consideration of the conservation and sustainable use of biological resources into national decision-making;
(e) Encourage cooperation between its governmental authorities and its private sector in developing methods for sustainable use of biological resources.

Frequently, the competent international organizations are subgroups that have been delegated authorities vested by these two Articles – entities like the Wildlife Project, Cities With Nature, & the financial arm of the CBD, the Global Environment Facility, in charge of about $5.33 billion from government & corporate investments, all stem from the contract itself while various organizations like ICLEI (the International Council for Local Environmental Initiatives, the subject of the linked video) are granted jurisdiction & provided impetus by way of the CBD contract.

Furthermore, through manufactured fragmentation of the UNCCC into the aforementioned subgroups & others I’ve opted to forego in the interest of time, individual members from each of the original UNCCC subgroups bestow upon each other & new subgroups a false sense of authority in the eyes of a subnational government & the general public. This inorganic networking founded upon disingenuous representation serves as a way to also build rapport with a subnational government, often the focus of these UNCCC subgroups, through a multitude of domestic actors.

From the state level to the federal level, most nations have members of government party to the contract by association with one, if not more, of the UNCCC subgroups. By my estimate however, there are more members of commerce in leadership positions party to the contract considering the private sector is where the implementation of the carbon credit cap-and-trade system began.

In your own time, pay attention to the prevalence of corporate commitments to sustainability efforts related to the years 2025, 2030 & 2050; it is more than likely that the board of directors, in part or full, are aware of the CBD contract, specifically Article 11:

Each Contracting Party shall, as far as possible and as appropriate, adopt economically and socially sound measures that act as incentives for the conservation and sustainable use of components of biological diversity.

In no clearer terms, this is the foundation of the cap-and-trade system in relation to carbon emissions & other economic sustainability tools like Sustainable Aviation Fuel being spearhead by Shell Corp & Boeing. The actions taken by corporate interests & universities that mirror the SDGs set forth by the UNCCC are in summation the market forces the Justices briefly mentioned – the individuals working in government (e.g. mayors, city council members, directors/chancellors of state universities) while also representing these extrajudicial entities are the domestic actors.

For a few examples, here in the United States of America, since 06/21/22 the point of contact (domestic actor) between the GEF & the U.S. Department of the Treasury is Ms. Abigail Mary Demopulos who has worked as an economist for the Department since 2004, as far as public record states.

For a more local example, Scott Tess is a Sustainability & Resilience Officer at the City of Urbana, Illinois (a noted Cities With Nature city member) who contributed to the 2020 Illinois Climate Action Plan (iCAP), created by the Institute for Sustainability, Energy, and Environment (iSEE) at the University of Illinois on the Urbana-Champaign campus. iSEE gets most of its funding from students through increased costs of attendance & an organization called the University Climate Change Coalition (UC3) who seek “to scale up climate actions by both state and non-state actors to accelerate the implementation of the Paris Agreement and the 2030 Agenda” across the United States, Mexico & Canada. Both the Paris Agreement & the 2030 Agenda are creations of the UNCCC & CBD. (I’ll be doing a few posts on the Precision Consumer aspects of the 2030 Agenda in due time.)

If one hyper-focuses on the iCAP objectives (or any of the other versions at USA state universities), it is clear that they essentially copied the framework of essentially every other UNCCC-derived economic climate plan:

Objective 2.2.1: Improve efficiency of space use by minimizing the square footage per person and updating the Space Policy in the Campus Administrative Manual (CAM) by FY23.
Objective 3.3: Establish an Electric Vehicle Task Force to identify key goals for supporting the use of electric vehicles on and off campus by FY22.
Objective 8.1: Develop a coordinated urban bio- diversity master plan by FY24 to make the Champaign, Urbana, Savoy, and campus metro area a model for biodiversity.

In light of this exceedingly shrouded information, to what degree, if at all, can you be certain that your representatives in government are observing only the constitutional laws of your nation? To what degree are markets truly free?

Again, I’d like to apologize for my preference to discuss these matters from an American/North American standpoint – please do not misconstrue omissions of other nations as indications of absence of this schematic, to reiterate, all nations of the globe are party to the contract as of 2015; from that point forward, all nations were essentially operating in a form of lockstep that is founded upon external influence & market manipulation by way of self-imposed fossil fuel/carbon emission restrictions well before advent of constitutionally observed legislation & incentivized programs for entities that opt to follow the 2030 Agenda.

Essentially, since 1992, even prior depending on the length of research of done, the events & the lifestyles of 2025, 2030 & 2050, regardless of the country, were being planned for precise results. Predetermined forms of economics & reimagined realities await us; in just 3 years from now, our lives will begin to bear greater resemblance across national borders & social groups as our restrictions become unified under a global framework centered around carbon emissions.

Over the next few weeks, I hope to discuss this concept of market forces in further detail & with more focused points of discussion; this post itself, I imagine, has a bit too many links for most readers & still has a bit of ambiguity plaguing it, thus we’ll be returning to this topic numerous times.

In the meantime, research your local entities – determine their unspoken goals & decide for yourself if they are the same goals you & yours seek to achieve.

Feel free to contact me if you have any questions or anecdotes regarding this text.

Thanks for reading.

Photo credit: https://globalforestcoalition.org/who-makes-decisions-at-the-cbd-the-increasing-power-of-business-in-biodiversity-protection/

© 2022 Zakariyas James. First shared here at theruminationcompilation.wordpress.com.

The Volumes on Vitality: Part Three

Platforms of Mobility

Even the Rain

Growing up, I’d heard that someday there would be water wars. Conflicts centered around physical domination of a resource that is already depleting or diminishing in value/utility. I’d heard this from immediate family members, those I’d randomly encounter over the course of a day & the a few forms of content available on the web like this NPR piece from a while back that’s always stuck in my mind.

Though I accept this unfortunate possibility of nations warring over waterways & dams, I often wonder to myself, “what’ll lead up to that? What will the economics of water look like over the course of my lifetime & further on?”

Along the way, going through life with these random thoughts, I’ve come across tidbits of innovation & determinations that I believe paint an abstract picture of what the economics of & around water could look like.

At the moment, the CME Group, the largest financial derivatives exchange in the world, has been offering futures contracts where the underlying asset is water since December of 2020 when California’s entire water market was valued at $1.1 billion. The speculated water spans “across the five largest and most actively traded regions in California. Water entitlement transactions from the surface water market and four adjudicated groundwater basins-the Central Basin, the Chino Basin, the Main San Gabriel Basin, and the Mojave Basin Alto Subarea are included in the index.”

As far as California goes, around 65%, give or take seasonal changes, of the surface water available is in Northern California, hence the mentioning of the basins in the NQH20 index. Most of that water is pumped from the north to south or transported by other means; the rest of the water needed in the south is pumped from groundwater basins regulated by the Sustainable Groundwater Management Act of 2014 & other legislative actions.

To do a bit more in depth research & also try my hand at trading the NQH20 contracts, I contacted the CME Group & one of their registered brokers to open an account but was told I do not possess the capital required to participate in the market. I guess I should cry a river & then trade futures on that supply of water.

In all seriousness, not just because my humor lacks refinement by any standard of the word, I bring this up to echo the sentiment Pedro Arrojo Agudo made when he said, “water is increasingly being treated as a mere commodity and even as a financial asset, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.” at the UN General Assembly on October 20th, 2021. If I myself, a “middle-class” citizen, can’t access the potential profits from a water market, what sort of hope or outlook should I hold for my future financial status & the mobility of my money? Will it stretch worse in a world where water prices are speculated on by those who won’t even drink that exact water? Or will those gains “trickle down” too & it’ll all be okay?

About a week ago or so, my fiancé brought to my attention a startup company called FreeWater based in Austin, Texas that markets aluminum bottles & paper-based cartons of “free” water “paid for by ads that are printed directly onto eco-friendly cans and cartons. Ten cents per beverage is donated to charity.”

The 10¢ per beverage is donated to WellAware a non-profit based out of Austin, Texas as well that “fund[s] and implement[s] lasting clean water systems to drive development and empower communities in East Africa.” After a bout of equal parts boredom & being nosey, I perused their IRS audits from 2017 & 2020 & noticed the non-profit WellAware, pays a for-profit company called WellBeyond, which is owned by the same individual, also based in Austin, for “project consulting and execution services for the Organization’s program services in Kenya” to the tune of “$237,460 in paid expenditures and $124,823 of in-kind contributions and expenses,” in 2020.

Through pessimistic lenses critical of foreign conglomerates granted unilateral rights of a resource or location, I look at this “free water” scenario as a possible foundational step towards a future where the 1999-2000 water wars of Cochabamba, Bolivia are replayed with new characters. The protests over the wells & water costs inspired a film called (in English) “Even the Rain” that I saw some years ago now; as summer is upon & droughts continue, various scenes from the film cross my mind as of late, especially so when I think of the creeping normalization of water as a commodity.

FreeWater, in their FAQ section, says they’ll be launching “a new type of utility tokens called the FreeWater token.” Ignoring the application of a currency not scrutinized by external securities aspect (hello crypto), I’ve sat wondering how many energy resources will someday have respective “utility tokens” created by large conglomerates; I eventually wonder, will there be tokens or other company-based credit systems for electricity too? Mastercard already has a card in Sweden with a company based there that “not only helps users track and measure CO2 emissions associated with their purchases, but also puts a limit to the climate impact of their spending with a carbon footprint limit.”

Hear me out, I’m not saying blockchain currencies won’t be a part of the future with my jab earlier towards cryptocurrencies in a general way. Earlier this week, Shell Corp., American Express Global Business Travel & Accenture announced a joint partnership to create a company called Avelia Solutions, that facilitates a “blockchain powered book-and-claim solution that provides you with fully traceable environmental attributes of SAF (sustainable aviation fuel) to help decarbonise your air travel.” I see these continued applications of blockchain pay systems & corporate tokens to be indicative of the fact that they’ll be the norm at some point.

As far as innovation besides blockchain tokens & the like goes, technology related to water & other liquids necessitates further discussion on the levels of access & uses of water.

Over the last decade & change, the desalination industry has made improvements in technology & production costs to combat the decreasing level of access of freshwater, researchers at the University of Colorado Boulder have developed a method using microbes to clean both organic contaminants and salts from hydraulic fracturing wastewater, while producing renewable energy & countless other examples can be given but my favorite comes from even further back in time: MagnetoHydrodynamics (MHD).

Popularized by a few Tom Clancy books, MHD systems can be found discussed & funded at length by parties like the US Dep of Energy’s National Energy Technology Laboratory, NASA & the HIT-SI lab, part of the William E. Boeing Department of Aeronautics & Astronautics at the University of Washington.

I’d wager, if this technology that utilizes water as a fuel component becomes widespread with multiple applications (as far vehicles go) water will become even more scarce but truly live up to its designation of “platform of mobility”. In a way, it’s like we might go from ancient, disconnected seafaring peoples that eventually learned flight to evolving into spacefaring peoples that will use water as much as our ancestors did before us, maybe even more.

In my mind there’s a war between all these thoughts; possibility versus possibility, only settled by time passed. Hopefully, we enter a future ultimately lacking in strife that is abundant with the needed resources for us all to equally enjoy the gift of life. I hope we all someday look at a glass completely full, instead of bicker about the determined or perceived volume.

Thanks for reading.

P.S. leave a comment! Tell me of your goals, expectations, concerns for 2022; I hope to create an area where it can all be hashed out.

P.P.S. are there water restrictions where you live too?

Links to ponder:

https://www.newyorker.com/news/letter-from-the-southwest/the-water-wars-come-to-the-suburbs

Added on 8/16/22:

https://www.washingtonpost.com/climate-environment/2022/08/16/colorado-river-bureau-of-reclamation/

© 2022 Zakariyas James. First shared here at theruminationcompilation.wordpress.com.