> No one wants to sacrifice their standard of living
How about we just get out of the way of renewables? Many jurisdictions are downright hostile and obstructionist for any renewable investment.
How about we just get out of the way of renewables? Many jurisdictions are downright hostile and obstructionist for any renewable investment.
It isn't really clear that fundamental and drastic changes to lifestyle is needed. It just needs some investment in climate friendly energy technologies. On the order of 100-200 trillion USD. Which is roughly 100-200% of global yearly GDP. Or 2-5% of yearly GDP until 2050. This could well be provided by printing money at all the federal reserve banks.
This investment will likely bring in a positive return on investment because it reduces the negative climate impacts.
Without such investments the downstream costs in climate change adaptation will be very expensive.
The amount of frivolous waste I observe at the individual level, multiplied by the millions, is not insignificant.
Right, as long as energy prices are not guaranteed no one is going to invest massively. No one want to be the one having to eat up a 8000$/mwh price like in Texas in the Winter. The 3 month mean volatility of energy prices in Europe is 350% (with peak of more than 1500% in 2009 and 2021). For comparison Bitcoin volatility is 54% in the last 10 years.