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So lets talk about Cash Rules Everything Around Me
The way I want to start is to put the (climate) crisis in a kind of quantitative terms, that we can burn about 500 gigatons more carbon into the atmosphere before we've hit the 1.5 seed average global temperature rise, beyond which things get stranger and more dangerous according to the scientists making the guesses. At the current speed of burn this will happen at about the year 2040 so the quicker we slow down the longer we have before we hit that kind of a moment.
But bear in mind that we have already discovered around 2,500 gigatons of fossil carbon in the ground in the form of coal, oil and natural gas and those 2,500 gigatons of carbon are already on the books of corporations as assets and already claimed by nation-states as national resources. A rough and dirty napkin calculation gives you around 160 trillion dollars or 1600 trillion dollars, (but you know what's a decimal point among friends).
The point was that it was a lot of money and that means there are going to be people of goodwill who in positions of power as a fiduciary responsibility to their shareholders or as a political duty to their citizens are going to be wanting to burn some portion of those trillions of dollars of those gigatons thinking that will slip a trillion or so into their coffers before the clamp comes down and the the whatever is left the two thousand gigatons that needs to be left in the ground so that we still have the same planet we're on now will be some kind of stranded assets.
So Long story short: Instagram haters is no basis upon which to make sound decisions of business practices.
The way I want to start is to put the (climate) crisis in a kind of quantitative terms, that we can burn about 500 gigatons more carbon into the atmosphere before we've hit the 1.5 seed average global temperature rise, beyond which things get stranger and more dangerous according to the scientists making the guesses. At the current speed of burn this will happen at about the year 2040 so the quicker we slow down the longer we have before we hit that kind of a moment.
But bear in mind that we have already discovered around 2,500 gigatons of fossil carbon in the ground in the form of coal, oil and natural gas and those 2,500 gigatons of carbon are already on the books of corporations as assets and already claimed by nation-states as national resources. A rough and dirty napkin calculation gives you around 160 trillion dollars or 1600 trillion dollars, (but you know what's a decimal point among friends).
The point was that it was a lot of money and that means there are going to be people of goodwill who in positions of power as a fiduciary responsibility to their shareholders or as a political duty to their citizens are going to be wanting to burn some portion of those trillions of dollars of those gigatons thinking that will slip a trillion or so into their coffers before the clamp comes down and the the whatever is left the two thousand gigatons that needs to be left in the ground so that we still have the same planet we're on now will be some kind of stranded assets.
So Long story short: Instagram haters is no basis upon which to make sound decisions of business practices.
- jongjong-06077
- Apr 29, 2021
- Permalink