Even if every government and business in the world made combating climate change a top priority, it would still take at least two decades, and an estimated $215 trillion, to make a full transition to an emissions-free world.
Doing so, the report said, would require the immediate adoption of what would essentially be a wartime approach to constructing renewable energy and subsidizing low-carbon technologies, and a set of strict regulatory measures designed to curb emissions-heavy modes of transportation, energy production and industry. For example, BloombergNEF projects that no new internal combustion engine vehicles could be sold after 2034.
That “wartime approach” is exactly what we should do, as $215 trillion is cheaper than the alternative of letting all our coastal cities flood and turning billions of people into climate refugees.
But we won’t, because the rich sociopaths in charge would rather impose those costs on the people who can least afford them instead of the people who can most afford them.
Unless we force them to.
I was thinking the same thing when I read that line. We should be making “war time sized investments” in renewables and forestation etc. and there’s a long way to go.
However, I remain carefully optimistic. If the predictions are correct and 2023 was the top of CO2 emmisions, this positive news will finally show that the existing efforts are not futile, and that it is happening whether or not the rich sociopaths or apathetic consumers want it.
We will never not have a housing crisis in my lifetime.
If we start building, the displaced will fill them. Nevermind that we have so many others already vying for their own homes.
Pay/account walled.
(tried 12ft but that stopped after a few sentences, too)
Much obliged!
But we now appear to be living through the precise moment when the emissions that are responsible for climate change are starting to fall, according to new data by BloombergNEF, a research firm. This projection is in roughly in line with other estimates, including a recent report from Climate Analytics.
First of I wouldn’t trust BloombergNEF for environmental sustainability estimates, only for business expansion advice.
Second would be that what the actual report of Climate Analytics says is:
In this report, we find there is a 70% chance that emissions start falling in 2024 if current clean technology growth trends continue and some progress is made to cut non-CO2 emissions. This would make 2023 the year of peak emissions – meeting the IPCC deadline.
This is a greenwishing NYT article, at best.
I’ll take any sliver of hope. Also, they’re not greenwashing anything? The article mentions a lot of relevant issues despite the seemingly positive statistic. We’ll see soon enough. It’s just a prediction anyway.
Just to clarify that greenwishing was not a typo:
The term “greenwishing” was coined in 2019 by long-time investment adviser Duncan Austin to characterize the failure of the “sustainable business” model to materially contribute to climate change mitigation…
I allowed myself to call it that way, because the author has incorporated in this text the business narrative of climate change.
Ah sorry, I misread it as washing.
Anyway, I think a positive expectation might be more motivational for some people than the constant fearmongering, which often leads to apathy. The largest hurdle for improving the environment isn’t companies nor rich sociopaths, no it’s apathy allowing the companies and sociopaths to get their way.
I want to believe that we can fix this, even if it’s uphill for the rest of my life, in the best case scenario.