Last year, JPMorgan hired Sarah Kapnick as the bank's chief climate scientist. She's now advising clients on how climate change will impact their investments.
i don’t think it is the same problem as privatization of fema. world is not going to change because scientists publish a report and some average joe like you or me says “exactly. time to do something about it!”.
this change, unfortunately, cannot come from the bottom. i could buy new electric car (if i could afford it), but since i live in a country where 75% of energy comes from fossil fuels, it doesn’t really change anything, it just moves the exhaust pipe from the car to local coal power plant. this needs big structural change and that change will come when and only when the BIG MONEY™ finds out that doing business as usual started to hurt their bottom line and they cannot bullshit their way out of it.
and to me, the discussed news means we are at that point and they realize that. will they try to cheat and hoard as much money as possible during the process? of course they will, but they would do it anyway, so i am really glad we have at least arrived at this point.
but since i live in a country where 75% of energy comes from fossil fuels, it doesn’t really change anything, it just moves the exhaust pipe from the car to local coal power plant.
Even if the enegry came 100% from fossil fuels its still better because power plants can be built with greater efficiency than cars that are limited by weight and cost.
And more power demand is will to force energy companies to invest into cheaper renewables quicker.
i don’t think it is the same problem as privatization of fema. world is not going to change because scientists publish a report and some average joe like you or me says “exactly. time to do something about it!”.
this change, unfortunately, cannot come from the bottom. i could buy new electric car (if i could afford it), but since i live in a country where 75% of energy comes from fossil fuels, it doesn’t really change anything, it just moves the exhaust pipe from the car to local coal power plant. this needs big structural change and that change will come when and only when the BIG MONEY™ finds out that doing business as usual started to hurt their bottom line and they cannot bullshit their way out of it.
and to me, the discussed news means we are at that point and they realize that. will they try to cheat and hoard as much money as possible during the process? of course they will, but they would do it anyway, so i am really glad we have at least arrived at this point.
Even if the enegry came 100% from fossil fuels its still better because power plants can be built with greater efficiency than cars that are limited by weight and cost.
And more power demand is will to force energy companies to invest into cheaper renewables quicker.
ok, fair point.
i still do believe that big banks finally acknowledging the problem wanting to do something is a good thing (or at least slow start of one).