JHAT 2021 AUG 29
The most urgent question now — at least for any rational person — is not whether climate change is a real phenomenon; that debate is long since settled, except in the minds of a delusional minority.
“It’s easy to assume that reducing greenhouse gas emissions will be prohibitively expensive; it’s an argument you’ll often hear from folks with vested interests in incumbent, monopolistic industries like fossil fuels, big pharma and agribusinesses. In fact, the data in this report show completely the opposite and suggest that sheltering those industries would in fact be a multi trillion dollar mistake. Anyone investing in those older technologies today risks losing most, if not all of their money on assets that will become stranded in the next decade as a result of the basic market forces that the new disruptive technologies will activate. If governments need to intervene at all, then it’ll be to play the vital role of protecting the hard working people who are going to lose their livelihoods in those older industries. They will need financial support as well as priority retraining and priority reemployment in the new industries of the future so that society can be well-placed to take advantage of these new disruptive technologies as they accelerate,
