Business
How the EU could combine carbon passports, digital ID, and social credit for every product
From LifeSiteNews
The European Union is going deep with its plans to introduce digital IDs across industries. Tying a form of digital ID to all products would make the introduction of carbon social credit scores easier to implement.
The concept of “carbon passports,” proposed as a measure to combat climate change, has, for a while now, raised significant concerns regarding civil liberties. These passports are designed to track an individual’s carbon footprint, including travel, energy consumption, and lifestyle choices. While their intention is to encourage environmentally friendly behaviors, they present a substantial threat to personal privacy by enabling continuous monitoring of personal activities.
This intrusion into privacy is not the only issue; carbon passports could potentially lead to discriminatory practices. Those in lower-income brackets, who often have limited access to green alternatives, might find themselves unfairly penalized. This system risks exacerbating social inequalities by disproportionately affecting those less financially equipped to make eco-friendly choices.
Furthermore, carbon passports could restrict movement and personal autonomy. Limiting travel or certain activities based on carbon usage might create a situation where only the wealthy, who can afford carbon offsets or sustainable options, maintain their freedom. This scenario paints a disturbing picture of environmental responsibility being accessible only to those with financial means.
Another concern is the centralization of power in the hands of entities controlling the carbon data. This centralization could lead to a slippery slope where tools designed for climate control evolve into instruments of more oppressive surveillance and control. The balance between addressing environmental concerns and maintaining civil liberties is delicate and crucial.
As part of the push towards carbon passports, a new idea – tying a form of digital ID to all products is also being pushed. It makes the introduction of carbon social credit scores easier to implement.
The European Union is going deep with its plans to introduce digital IDs (in this case, “digital product passports, DDPs”) across industries. DDPs specifically refer to apparel, accessories and electronics.
Brands are now starting to work on integrating the tech – that the European Commission says is necessary for the greater good of citizens, such as meeting “sustainability goals” – the so-called green deal, carbon emissions, all the things – and then there’s access to services and contactless payment.
Critics, on the other hand, say it’s simply yet another way to abuse consumers by harvesting even more of their data. The opponents’ fears appear to rely on solid facts since some of the data collected thanks to the EU’s proposed scheme will profile people based on their behavior, preferences, and even the value of their “resale profile.”
The deadline mentioned is as early as 2026 – that’s how soon brands would have to incorporate digital passports into their products.
And, don’t expect any resistance from brands. Reports are saying that they are working hard to meet the deadline of meeting what is referred to as the European Commission’s “real-world uses for digital identities.”
READ: EU claims digital ID wallet will be voluntary. India said the same before it became mandatory
On the side of the fashion industry, there will be the need to let the EU know – no longer voluntarily – about how they manufacture items, organize their supply chains, and the materials used.
Well, don’t expect brands to only implement the tech to make the EU feel good about itself. “Brands currently testing the technology are figuring out ways for it to collect customer data and add perks beyond the point of purchase,” writes Vogue Business.
Already trying to go a step above linking physical items with digital identity – as is the case with QR and NFC – and meet EU goals are the likes of Balenciaga, RealReal, and Boss, the article mentions.
And unlike that “old tech” that was there mostly to facilitate and protect transactions, manufacturers and customers, Mojito CEO Raakhee Miller had this interesting take on what’s referred to as the upcoming, “physical first” method: it “not only enhances the product’s value,” said Miller, “but also deepens consumer engagement.”
So, how deeply does the EU – and brands following its diktat – want to “engage” customers, other than people handing over money for a product they buy? This is where what’s basically data harvesting and mining comes into play, even if it is explained in fancy (and unsurprisingly, equally meaningless) terms like “phygital goods” and “metaverse approach.”
But, so to speak, the proof is in the word salad: the point is to have services and use cases “more anchored in client needs.” And clearly, to know what those needs are, one must first better know the client. Meaning, beyond what the client is currently comfortable sharing with multinational conglomerates.
Can’t we all just buy what we want, and move along? Please?
Not so fast, the EU says, and people like Vestiaire Collective VP of Partnerships Laura Escure explain it by no less than what might seem to many as basically questioning the customers’ cognitive abilities.
“The barriers around Web3 were not helping consumers to think thoroughly about luxury,” Escure is quoted.
READ: World Bank president advocates global digital ID scheme at tech summit
And did you know that if you dish out a lot of money on a luxury product, there’s a whole “story” behind it – beside the one in your bank statement? That’s how Aura Blockchain Consortium CEO Romain Carrere wants you to think about the situation.
“We believe in a future where every customer feels connected to the story behind their products, and the DPP is the key to unlocking that narrative. It’s not just a digital passport, it’s a journey of trust and empowerment for every consumer,” said Carrere.
But mostly, it would seem, it’s a narrative. There to empower itself, and those in positions of power, rather than the customer.
Back in EU’s bureaucracy, the digital product passport proposals first saw the light of day in the spring of 2022, naturally, as “sustainability” enhancing mechanisms related to products, and about a year later, this was officially presented on the European Commission website as a way to share key information about a product.
The information would be shared “across all the relevant economic actors,” a press release said in May 2023. Things are happening in this space under the Proposal for Ecodesign for Sustainable Products Regulation (ESPR).
The EU claims its goals are to boost what it calls circular economy, material and energy efficiency, and extend product lifetimes, as well as the way waste from those products is eventually handled.
The bloc also declares some grand ambitions here – like creating new business opportunities – “based on improved data access,” though.
And the EU is not above putting down consumers either, while at once working to elevate the level of data scrounged off of them. The DDP scheme, the Commission says, will “help consumers in making sustainable choices.”
And, for now – “allow authorities to verify compliance with legal obligations.”
Reprinted with permission from Reclaim The Net.
Alberta
Alberta fiscal update: second quarter is outstanding, challenges ahead
Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.
Alberta faces rising risks, including ongoing resource volatility, geopolitical instability and rising pressures at home. With more than 450,000 people moving to Alberta in the last three years, the province has allocated hundreds of millions of dollars to address these pressures and ensure Albertans continue to be supported. Alberta’s government is determined to make every dollar go further with targeted and responsible spending on the priorities of Albertans.
The province is forecasting a $4.6 billion surplus at the end of 2024-25, up from the $2.9 billion first quarter forecast and $355 million from budget, due mainly to higher revenue from personal income taxes and non-renewable resources.
Given the current significant uncertainty in global geopolitics and energy markets, Alberta’s government must continue to make prudent choices to meet its responsibilities, including ongoing bargaining for thousands of public sector workers, fast-tracking school construction, cutting personal income taxes and ensuring Alberta’s surging population has access to high-quality health care, education and other public services.
“These are challenging times, but I believe Alberta is up to the challenge. By being intentional with every dollar, we can boost our prosperity and quality of life now and in the future.”
Midway through 2024-25, the province has stepped up to boost support to Albertans this fiscal year through key investments, including:
- $716 million to Health for physician compensation incentives and to help Alberta Health Services provide services to a growing and aging population.
- $125 million to address enrollment growth pressures in Alberta schools.
- $847 million for disaster and emergency assistance, including:
- $647 million to fight the Jasper wildfires
- $163 million for the Wildfire Disaster Recovery Program
- $5 million to support the municipality of Jasper (half to help with tourism recovery)
- $12 million to match donations to the Canadian Red Cross
- $20 million for emergency evacuation payments to evacuees in communities impacted by wildfires
- $240 million more for Seniors, Community and Social Services to support social support programs.
Looking forward, the province has adjusted its forecast for the price of oil to US$74 per barrel of West Texas Intermediate. It expects to earn more for its crude oil, with a narrowing of the light-heavy differential around US$14 per barrel, higher demand for heavier crude grades and a growing export capacity through the Trans Mountain pipeline. Despite these changes, Alberta still risks running a deficit in the coming fiscal year should oil prices continue to drop below $70 per barrel.
After a 4.4 per cent surge in the 2024 census year, Alberta’s population growth is expected to slow to 2.5 per cent in 2025, lower than the first quarter forecast of 3.2 per cent growth because of reduced immigration and non-permanent residents targets by the federal government.
Revenue
Revenue for 2024-25 is forecast at $77.9 billion, an increase of $4.4 billion from Budget 2024, including:
- $16.6 billion forecast from personal income taxes, up from $15.6 billion at budget.
- $20.3 billion forecast from non-renewable resource revenue, up from $17.3 billion at budget.
Expense
Expense for 2024-25 is forecast at $73.3 billion, an increase of $143 million from Budget 2024.
Surplus cash
After calculations and adjustments, $2.9 billion in surplus cash is forecast.
- $1.4 billion or half will pay debt coming due.
- The other half, or $1.4 billion, will be put into the Alberta Fund, which can be spent on further debt repayment, deposited into the Alberta Heritage Savings Trust Fund and/or spent on one-time initiatives.
Contingency
Of the $2 billion contingency included in Budget 2024, a preliminary allocation of $1.7 billion is forecast.
Alberta Heritage Savings Trust Fund
The Alberta Heritage Savings Trust Fund grew in the second quarter to a market value of $24.3 billion as of Sept. 30, 2024, up from $23.4 billion at the end of the first quarter.
- The fund earned a 3.7 per cent return from July to September with a net investment income of $616 million, up from the 2.1 per cent return during the first quarter.
Debt
Taxpayer-supported debt is forecast at $84 billion as of March 31, 2025, $3.8 billion less than estimated in the budget because the higher surplus has lowered borrowing requirements.
- Debt servicing costs are forecast at $3.2 billion, down $216 million from budget.
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Business
Trump’s government efficiency department plans to cut $500 Billion in unauthorized expenditures, including funding for Planned Parenthood
From LifeSiteNews
Elon Musk and Vivek Ramaswamy shared their plans to ‘take aim’ at ‘500 billion plus’ in federal expenses, including ‘nearly $300 million’ to ‘progressive groups like Planned Parenthood.’
Elon Musk and Vivek Ramaswamy are planning to ax taxpayer funding for Planned Parenthood as part of their forthcoming work for the next Trump administration, they revealed in a Wednesday op-ed in The Wall Street Journal.
The businessmen have been appointed by President Donald Trump to lead a new Department of Government Efficiency (DOGE), which will work from outside the official government structure to cut wasteful government spending and excess regulations, as well as “restructure federal agencies,” as Trump announced last week on Truth Social.
Musk and Ramaswamy shared Wednesday that as part of their work at DOGE to downsize government spending, they will be “taking aim at the $500 billion plus in annual federal expenditures that are unauthorized by Congress or being used in ways that Congress never intended,” thereby “delivering cost savings for taxpayers.”
They specifically called out Planned Parenthood as one institution that will lose taxpayer funding once DOGE kicks into gear. In their op-ed, the duo said the federal expenditures they plan on cutting includes the “nearly $300 million” dedicated “to progressive groups like Planned Parenthood.”
Musk and Ramaswamy also reportedly will take aim at the “$535 million a year to the Corporation for Public Broadcasting and $1.5 billion for grants to international organizations,” according to Catholic Vote, although they have not shared all of the federal spending they plan to cut or reduce.
“With a decisive electoral mandate and a 6-3 conservative majority on the Supreme Court, DOGE has a historic opportunity for structural reductions in the federal government,” the business duo wrote. “We are prepared for the onslaught from entrenched interests in Washington. We expect to prevail.”
Mogul and X owner Musk, who was outspoken before his DOGE appointment about the big problem of waste, noted last week that if the government is not made efficient, the country will go “bankrupt.”
He reposted a clip from a recent talk he gave in which he explained that not only is our defense budget “pretty gigantic” — a trillion dollars —but the interest the U.S. now owes on its debt is higher than this.
“This is not sustainable. That’s why we need the Department of Government Efficiency,” Musk said.
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