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Gather round, boys & girls, for some simple calculations about carbon, climate change and Wall Street.
It involved trillions of dollars, so hold on to your seats...
/thread
It involved trillions of dollars, so hold on to your seats...
/thread
Global CO2 emissions are about 40 billion tons/year.
(It's actually 43b, but let's stick to round numbers.)
The cost of avoiding one ton is $50... so $50 x 40 billion =
$2 TRILLION/yr. (That's bigger than the market cap of
.)
2/
(It's actually 43b, but let's stick to round numbers.)
The cost of avoiding one ton is $50... so $50 x 40 billion =
$2 TRILLION/yr. (That's bigger than the market cap of
.)2/
Plus, if we want to lower the current 420 ppm concentration of CO2 in the atmosphere to 350 ppm., wind back the clocks on the climate... that's 70 ppm, which is 150 billion tonnes of CO2...
Again @ $50/ton, that works out to $7.5 TRILLION.
Again @ $50/ton, that works out to $7.5 TRILLION.
So … if the global financial world (and the political leaders, corporations, grass roots organizers, etc.) are serious about climate measures, there is an absolutely enormous market for carbon negative technologies, low carbon power, transportation, steel, cement, ag, etc.
My sources for all this? Ironically, a new SPAC called “Climate Change Crisis Real Impact I Acquisition Corporation.”
Yeah, I cringed when I saw that.
Yeah, I cringed when I saw that.
It filed an S-1 yesterday. These are their numbers.
They call it an “economic opportunity.”
"Moral imperative" is what @GretaThunberg or @billmckibben would likely call it.
Po-tay-to, Po-TAH-to.
Either way, makes for some interesting copy.
-endit-
They call it an “economic opportunity.”
"Moral imperative" is what @GretaThunberg or @billmckibben would likely call it.
Po-tay-to, Po-TAH-to.
Either way, makes for some interesting copy.
-endit-
