climate change risk/reward from a banking expert

Standard

Brett King, author of Bank 3.0 and Breaking Banks gives a risk/reward analysis of the cost of dealing with climate change in this article on medium.com, “Why Denying Climate Change Makes No Logical Sense Today.” Worth a read. 

I think the larger case for responding to climate change is even greater than the one that he makes. Most responses to global warming involve moving to more efficient, economical use of energy. We would increase energy efficiency of buildings and machines. We would switch to renewables like solar and wind, and maybe to nuclear power generation. Some might argue against nuclear, but I think it could be a sensible transition measure given the tradeoffs.

What do these get us in the long run? Quite a bit. On the increasingly small chance that virtually every climate scientist in the world is wrong, look what we’ve accomplished if we still move to reduce carbon emissions. We’re not pumping so much coal effluent and auto emissions into the air, and these are a known hazard to human health and wildlife. We’re not going to be scrambling for diminishing fossil fuel reserves and despoiling landscape and destroying wildlife in the process. These are not outcomes we ought to fear or avoid.

earth

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s