The Guardian
Climate love
Climate love
Ben Vost
175 w
A great article on the risks of rapid decarbonisation
The Guardian's Jonathan Watts, Ashley Kirk, Niamh McIntyre and Pablo Gutiérrez have written a superb article about the risks to the world's economy that could be caused by the imbalance between countries decarbonising industry rapidly and potentially being left with stranded fossil fuel assets that could destabilise the geopolitical situation between net importers (like Europe) and net exporters (like the Gulf states, Brazil and Russia) of fossil fuels. It's really something I hadn't thought too much about but it could turn out worse than the 2008 financial crash. A must-read - https://bit.ly/3q70uId
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175 w
Am an environment champion by planting a tree ... because I know the importance of it all.....#hollywave youth group we stand for climate change #action is now
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175 w
We do need to consider the economic risks associated with the billions of dollars trapped in assets that can no longer be a useful part of a country's economy. Some of these assets may even require funds to maintain them to keep them safe. Second-hand crude oil pipeline anyone? Its in the perfect secluded spot in Alaska... Other assets can, however, be re-purposed. We need to consider the circular economy. Some of you might find this article about old oil rigs interesting reading... https://www.bbc.com/future/article/20210126-the-richest-human-made-marine-habitats-in-the-world
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175 w
I read that, inspiring stuff!
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175 w
Thanks for sharing that article!
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175 w
Considering we need to stop growing our economies and actually rapidly shrink them, I don’t think there will be any problem. Especially compared to what we’re doing now, which is basically waiting for our annihilation.