Article: The Big Choice
source: http://www.wiserearth.org/article/310af0460aec4c433c6594d91df1f1c8/new/1/group/humanoverpopu...
- A $20 trillion "externality" appears to present civilization with its BIG CHOICE: economic destruction or ecological destruction, both with chilling global security implications. Here's why, along with a practical and more hopeful alternative to "Sophie's Choice."
Carbon Tracker has released an illuminating report, "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?"[i]
The report nicely describes the potential "stranded asset risk" to resource company investors, and calls for a regulatory response on disclosure. What the report does not make explicit is the BIG CHOICE: Barring a miracle technology advance in the next decade (keep working brilliant scientists and entrepreneurs), if we want to avoid civilization-transforming and global security threatening climate change, we must absorb a global security threatening $20 trillion write off (that's 40 percent of global GDP) into our already stressed global economy. Even if gradually spread over a decade or more, with partial offsetting value creation in sustainable energy industries, this is an unprecedented challenge.
Carbon Tracker has released an illuminating report, "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?"[i]
The report nicely describes the potential "stranded asset risk" to resource company investors, and calls for a regulatory response on disclosure. What the report does not make explicit is the BIG CHOICE: Barring a miracle technology advance in the next decade (keep working brilliant scientists and entrepreneurs), if we want to avoid civilization-transforming and global security threatening climate change, we must absorb a global security threatening $20 trillion write off (that's 40 percent of global GDP) into our already stressed global economy. Even if gradually spread over a decade or more, with partial offsetting value creation in sustainable energy industries, this is an unprecedented challenge.
-
-
COMMONSENSEFORCOMMONGOOD_COM
-
Can you see this enraging a patriot of the earth and life into systematically blowing up these pumping facilities to forestall Big Oil's efforts to destroy life on this planet?
- 10 months ago
-
COMMONSENSEFORCOMMONGOOD_COM
