It’s been a year since I last posted, by far the longest I’ve gone without sharing public writing since 2015. A lot has happened, of course, and I’ll spare everyone my takes on the war in/on Ukraine, carnage in the financial markets, inflation and Fed policy, etc.

A lot has happened for me personally as well: My partner and I are now officially living between Bombay and New York City (I’m writing from the former right now), and I’m now regularly being described as a “prolific angel investor” – life is strange! But if you’re working on something related to climate finance, climate data, or at the crypto-climate intersection, please don’t hesitate to be in touch.

I’ve continued to be very involved in the fight for climate policy progress in New York City. (Tl;dr – the Adams administration is a train wreck, but we’ve successfully fought back and checked the worst of the mayor’s attempted abuses/rollbacks, and will continue to push in 2023 to protect our landmark victories – chief among them, Local Law 97 – and win more of them.) If you’re interested in this work, please do reach out to me, as we can always use more supporters, volunteers, etc. As one easy step, if you’re a New Yorker, you can add your name to this sign-on letter.

I’ve also continued to be very involved in crypto, which lots of people hate these days (!!). What a difference a year makes. Many of the people who hate it also know little about it, have had limited personal exposure to crypto, etc., etc., but “the industry” also hasn’t been doing itself any favors of late. Let’s see how these systems perform with the seeming end of near-zero interest rates, etc., but there are certainly a lot of ill-informed hot takes out there, as is there a lot of conflation (e.g., of centralized, unregulated, mostly offshore financial entities that happen/ed to deal in crypto with decentralized crypto protocols). Crypto is neat; it’s where finance meets sci-fi. It’s also a frontier of sorts, which has attracted a lot of charlatans and scammers. It’s also wildly technically complex, which makes it hard to understand. It’s also a convenient scapegoat/bogeyman to deflect criticism away from the existing financial system. Subsets of crypto people also have very bad politics. Etc. In short, smart, conscientious folks will disagree – as do Matt Stoller and Fred Wilson. In the meantime, I’ve been neck deep in ReFi since its emergence last fall, and am happy to be in touch with folks who have an interest in all things crypto-climate.

Revisiting my post from the 1st of January last year, I’m reminded that – although it may not be in the news – the potential collapse of the Thwaites Glacier remains as ominous as ever. At some level, beyond the very busy year I had personally and professionally, I trace my hiatus from public writing to the sense that, on the one hand, with respect to climate, the global “we” seems to have unequivocally moved out of the wait-and-see/head-in-the-sand phase, and into the complex, contradictory, muddled, and necessarily incoherent process of transition, while on the other hand, that same “we” is clearly in a messy, sometimes frightening, and (when you’re living through it) chaotic period of concomitant uncertainty. My own preoccupations remain more or less the same: Climate action at scale, the future of democracy and the future of India, the relationship between the US and China, and the divergent impacts, with respect to human flourishing, of novel technologies and the destabilization, through the breaching of planetary boundaries, of the Earth system. On the last point, it feels like trying to figure out what happens when you multiply infinity by zero.

In the spirit of avoiding bad hot takes (I’m looking at all of the pundits and public intellectuals who said and wrote a lot of hideously stupid things about the COVID-19 pandemic, and never bothered to own them) and know-nothing-ism, I find my interest drawn increasingly to dry, thorough reports like this one from the Urban Green Council (an admirable if corporatist player in New York’s climate scene) on “Exploring Equitable Electrification“; long, in-the-weeds hearings, like this Manhattan Community Board 2 meeting on the Army Corp of Engineers’ “New York-New Jersey Harbor and Tributaries Coastal Storm Risk Management Study” (a mouthful, but important, as, among other things, the Army Corps was considering fully damming the mouth of the Hudson River in ten years time!); and of course, the nicely balancing content from the Monthly Review and Nature Climate Change. I also think a decent bit about outlier events, and how important it is not to let their rarity blind us to their significance.

I thought this piece from Bill McKibben was nice, and will quote its title for effect: “Someday the climate fight will be dull–and that’s how we’ll know we’re winning”; I do think that’s what’s rapidly starting to happen.

Interested in getting more involved in climate work? Here are a bunch of resources:

• #NotTooLate – “a project to invite newcomers to the climate movement”
• Th!rd Act – “building a community of experienced Americans over the age of sixty determined to change the world for the better. Together, we use our life experience, skills and resources to build better tomorrow”
• Climatebase – “Discover jobs at thousands of exciting climate tech companies and nonprofits around the world”
• Work on Climate – “an action-oriented Slack community for people serious about climate work”
• Terra.do – “building the world’s largest platform for climate work”
• MCJ – “born out of a collective thirst for peer-to-peer learning & doing [… w]e attract an amalgamation of people with very different backgrounds and points of view who all care deeply about solutions to climate change”

Or if organizing is more your thing, there are always 350.org, Indigenous Environmental Network, New York Communities for Change, Food and Water Watch, WE ACT, NYPIRG, etc., etc., etc. For New York City-based orgs, I’m happy to facilitate intros.

Finally, I’d be remiss if I didn’t shout out the brilliant and inspiring work that my partner Neelu continues to do around birth justice. This post, sadly, remains relevant. Who could have guessed that Governor Hochul – Andrew Cuomo’s loyal lieutenant, who is now trying to install a conservative judge as New York’s next Chief Judge of New York’s highest court – wouldn’t prove a progressive champion…

I rang in last new year with a post, “The First Climate Decade“, that included this line: “Contrarian though the position sounds – barring a not-unforeseeable rapid ice-sheet collapse scenario – NYC is relatively well-positioned among major US cities from a climate standpoint, at least for ~the rest of this century.”

Unfortunately, with the release of the recent report from the International Thwaites Glacier Collaboration – covered here not too sensationally in Rolling Stone by Jeff Goodell, whose journalistic work on sea-level rise I’ve pointed to in the past – the unfolding in the next decade of that not-unforeseeable scenario has now grown much more imaginable. Hyperbolic though this may sound, this news is easily the most unsettling I’ve heard in years, and if you’re inclined to think that’s only because I live in a low-lying coastal metropolis, just consider what the simultaneous disruption/inundation over the course of potentially only a few years (Note: there is huge uncertainty about when/if/how/and over what time horizon the Thwaites Glacier might collapse, and what the knock-on consequences of such a collapse might be for the West Antarctic Ice Sheet, and thus for global sea levels, nor would I pretend to understand the underlying science here well) would look like relative to our current global supply chain issues.

Lots of people have been talking about (and praising) Don’t Look Up. I thought the movie was bad, but hope it inspires people to take climate action. I tweeted my take in a nutshell, but to offer a little more depth, here’s what I had to say in a text exchange with a friend on the subject:

I think by choosing a comet strike, which is something that could actually happen, they muddied the metaphorical waters. Further, while human (and corporate) agency is involved in the origins of climate crisis, comets are naturally occurring celestial bodies. Basically, they gave the fossil fuel industry a free pass, while shifting the blame/demonization to big tech (in line w/current priorities in DC) in the form of the sociopath CEO. They also elide the entire global climate movement in favor of a few heroic technocrats and scientists. These choices in turn undercut the satire’s effectiveness in my view.

Speaking of tweets, and in view of the Thwaites news, I believe it’s a matter of when, not if, New York City comes to terms with the obvious and converts the entire low-lying extent of the West Side Highway and FDR Drive into a sea wall/beautiful berm park, and I hope that when the conversion happens, it is not executed in a panic; the berm park option is chosen and offers a beautiful amenity for all New Yorkers/Manhattanites; and that we understand that these sorts of mega-projects can also strike a blow for rewilding, against car culture, and in favor with a more rooted and less consumerist way of being. I could go on, but I believe that the current dynamics of rapidly and radically escalating climate crisis are such that we have to look to muddle through as rapidly as we can, even in view of all the contradictions, hypocrisies, and complexities embedded in attempting to avert worst-case-type scenarios given our historical realities and current global political economy.

So, finally, coming to the title of this post, I believe – a third and final time for now – that we’ve now crossed over from a time when working to address climate crisis was a rather marginal activity (the type of thing people patted you on the back for, bless your heart), to a time (say last year) when a growing number of smart, ambitious people were proactively choosing to work on climate given the urgency, to a time (now, today, happy new year! And welcome to 2022) when it is increasingly becoming necessary for people who 1) enjoy the luxury of some amount of choice in their work/about their personal financial situation; 2) are not already doing work that relates to a core human/societal need (eg, birth work, being an ER doc, keeping the MTA running, working for the DSNY); and 3) have a conscience to ask themselves, if they’re not already working to address climate crisis: Why not? And when, and how soon, can I start?

One case in point, the organizing work I’ve been engaged in around climate policy in NYC would be a hell of a lot easier if more people gave a shit, got informed, and got involved. But that’s just the tip of the melting iceberg, so if you’re reading this, and asking yourself: When? And why not? I encourage you, grapple with the question, dive deep, and then get started already, and feel free to reach out if you like. I’m always happy to be a resource.

Short and sweet today. After a year of grinding away at the unglamorous work of organizing and lobbying, our small grassroots coalition won a big victory with the passage, by the New York City Council, of a ban on natural gas connections in new buildings. The victory does not come without compromises (the ban will take effect in buildings under seven stories at the end of 2023, and in those over seven, not until 2027), but represents, nonetheless, another major step towards climate sanity in our policy framework, and sends a signal nationally and globally about our rapidly changing times.

Speaking of times, the corporate media coverage was, predictably, idiotic and dishonest, ranging from the New York Times‘ emphasis on gas stoves, to Forbes‘ outright lies regarding the regressiveness of the bill (which was championed by a diverse coalition of environmental justice orgs). Here’s what I wrote on the My Climate Journey Slack with respect to the Times headline:

This is a stupid headline from the NYT, as most of the emissions from natural gas in NYC come from heating buildings (and not from gas stoves, which are dangerous and unhealthy, but to which many people have a sentimental attachment that has been fostered by decades of gas industry propaganda), but the victory is a big one. I worked closely (on a pro bono basis) on the grassroots campaign that led to this legislation’s passage. The four lead organizations on the campaign, all nonprofits that operate on shoestring budgets, spent perhaps a few hundred thousand dollars over the course of one year to fuel the organizing that led to this win, and yet ~40% of NYC’s ~50MT of CO2e annual emissions come from heating buildings. We, of course, still have to decarbonize our electricity generation, a very heavy lift, but even so, that’s an impressive prospective impact per dollar, to the extent that many MCJ community members are accustomed to thinking about ROI in terms of emissions. This legislation is also a massive tailwind to startups working on energy efficiency, electrification, smart grid, etc. Hope we see much more emphasis on climate policy from the climate tech and finance communities going forward. Time for the “government is our enemy” ideology of too many tech folks to die, as we don’t successfully address climate crisis without government action at every level.

With respect to the framing in Forbes, the magazine’s reactionary high-brow ethos speaks for itself, but let’s just say that 1) anyone who believes that the transition off fossil fuels isn’t both inevitable and urgently necessary is in denial, at best, and 2) given the relatively long time frame for the phase in of this bill, which only applies to new construction, it is hard to understand how it could possibly put regressive energy costs on low-income New Yorkers (save in a case where energy transition totally fails, but then we have much bigger problems), though I’m heartened to see Forbes suddenly so interested in economic justice and energy poverty.

I dwell on the negative, momentarily, only because we would have won this fight much sooner if not for the lies, obfuscation, and bad faith of the corporate media and the corporate Democrats – including my own council member, outgoing Speaker Corey Johnson, who did nothing to support us, refused to endorse the proposed bill, let Queens council member Jim Gennaro lock the legislation up in committee for months, but then rushed to take credit for this monumental victory in the press once we finally managed to push it through – to say nothing of the few Republicans on the NYC City Council.

Are you moved and inspired, as I am, by this victory? Get involved. You can reach out to me directly about being part of our next campaign, which will launch in early 2022, and, at very least, you can donate to New York Communities for Change, Food and Water Watch, NYPIRG, and WE ACT. These are the core organizations in the coalition that won passage of the Climate Mobilization Act, with Local Law 97 at its core, in 2019; an expansion of Local Law 97, on which I worked intensively, in 2020; and now this gas ban, in 2021, under the banner of a #GasFreeNYC. As mentioned above, the entire budget for our campaign this year couldn’t have been more than a few hundred thousand dollars. Just imagine what we could accomplish if we were well-capitalized and had proper broad-based support from a well-informed public?! You can be a part of making those hopeful conditions a reality, but it will mean getting informed, getting engaged, and embracing that public policy is one of the most powerful levers we have for wrenching the future in the direction of sanity and justice.

If you live in New York City, please consider this (copied from an e-mail I sent to some friends and fellow New Yorkers this afternoon) an appeal to throw your support behind our last push to pass the #GasFreeNYC bill in 2021. One real estate lobby-backed council member in Queens stands between us and the biggest municipal climate policy victory of the year in the US:

“Dear Friends,

As fellow New Yorkers, who – at some level – have been engaged with the effort to pass Intro 2317 (aka, the #GasFreeNYC bill), you grasp how significant a win it would be to see this legislation pass the NYC City Council this year. Time is now wearing thin, and, unfortunately, Councilmember Jim Gennaro of Queens – ironically, Chair of the Council’s Committee on Environmental Protection – is stalling the bill in committee as the end of the year and the session rapidly approach. Fully half of the council is now co-sponsoring the legislation and the Mayor is ready to sign it, but we have to force this bill out of committee ASAP, and that will require some popular pressure.

Here’s what you can and should do today/this week:

1. Call Council Member Gennaro’s office and urge him to allow a vote on the bill: 866-583-2908 or 718-217-4969
2. Call your own CM and urge them to co-sponsor if they haven’t already (here’s the list) or, if they are already co-sponsoring, to go to Gennaro and Speaker Corey Johnson to urge passage of the bill.
3. If you’re a die hard, join this rally Wednesday at noon at Gennaro’s Queens district office: Click here for details and to RSVP

If you’re feeling extra motivated, please don’t hesitate to call Speaker Johnson’s office directly (at 212-788-7210) to urge passage of Intro 2317 (and express your dissatisfaction at the foot-dragging and his failure to champion/co-sponsor this important climate legislation), and, of course, please do circulate this email as you see fit to friends, relatives, and an other New Yorkers who are ready to throw their support behind taking a big step forward for climate progress. 

To keep yourself honest, I encourage you to reply to me to let me know what you followed through on (and if you plan to join me at the rally). Let’s get this done.

Warmly,
Tom

PS: Given that Gennaro’s victory in a special election earlier this year was fueled by money from the real estate industry, it should come as no surprise that he is now doing the real estate lobby’s bidding. Even ConEd has come out in support of this bill though, and it’s beyond time we passed it.”