Energy Transition and Why We Should Not Panic..
Climate Change and Energy Transition is one of the great challenges to capitalism and market economies – but there is no reason to fear it. Its complex, but infinitely solvable. The technologies exist to achieve carbon neutrality by 2050 at a cost far less than doomsters fear.
“Now is the solstice of the year, winter is the glad song that you hear..”
This morning: Climate Change and Energy Transition is one of the great challenges to capitalism and market economies – but there is no reason to fear it. Its complex, but infinitely solvable. The technologies exist to achieve carbon neutrality by 2050 at a cost far less than doomsters fear.
I suppose you might consider this my Christmas Lecture for 2021.
This morning is not only the Winter Solstice (check out Jethro Tull’s Solstice Bells as perhaps the most underappreciated Christmas song..), but it’s also the 30th anniversary of “switching on” the first UK wind farm in Delabole, Cornwall. Since them we’ve seen the creation of a whole new renewables industry. Whatever you believe about climate change there is an outpouring of invention and innovation of exciting new renewable tech and solutions around the globe, which at worst will improve our environment immeasurably, and at best mitigate climate change.
It’s an exciting time to be involved in Climate Change and Investment. There is nothing to fear except fear itself.
Energy transition is one of the key themes that wakes me up each morning. I want to make sure we get it right – which is why I so often find myself ranting against the distortions of ESG (Environment, Social and Governance) investment wokery, and warning how overly zealous green politics could make things a thousand times worse.
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Πηγή: morningporridge.com
