Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Train-Wreck of Climate-Change Mitigation

Politics / Climate Change Dec 21, 2019 - 05:35 PM GMT

By: Mark_Blair

Politics

‘We strongly believe that no country should have to sacrifice their economic prosperity or energy security in pursuit of environmental sustainability.’ https://www.sciencedirect.com/science/article/pii/S2211467X19300677

Climate-change mitigation this coming decade will be a train-wreck of unparalleled proportions. Let’s look over The Players:

One: The reality of the utter present exhaustion of the global financial and political model. The elephant in the room.

Two: the climate-change-denial lobbyists, funded by the extractive industries, particularly in the U.S. and Australia, who have effectively stymied mitigation for decades.



Three: the excesses of the left, like LGBTQI theory, have convinced millions that anything the left is involved in -- like mitigation -- is nonsense/a springboard for collectivism.

Four: ‘post-parliamentarism’: non-violent civil disobedience – Gandhi, the 60’s civil-rights movement – will increase until it constitutes a ‘parallel power system.’

Five: certain mid-term technical limitations to the provision of all-renewables ‘base-load capacity’ for, say, a first-world city of twenty millions. And here we’ll add difficulties such as the mining of minerals like lithium, needed for the production of the batteries.

Six: the time factor: only war gives a government a mandate to profoundly re-tool its economy. There is an astounding gap between, on the one hand, how much time governments think/are telling people we have to shift to all-renewables, and on the other hand, how quickly the onset of climate change could create, for example, waves of refugees that would overwhelm whole nations.

Seven: (resurgent) nationalism, principally in the China and the U.S. ‘Sociopathic’ is a very reasonable term to explain how single-mindedly certain nations will drive their economies at the expense of an already exhausted global environment.

Eight: The Twilight of The Boomers, the ‘petro-masculinists,’ who are simultaneously stymying change and headed to The Twilight Home.

Nine: the forthcoming stoush between pro-growth and post-growth economics.

Nine: hyperinflationary amounts of eco-stimulus.

So let’s analyse:

the time-frame holds the upper hand – ask Australians, dithering while their nation burns. Politics can’t hold Nature at bay.

Massive amounts of funding will be thrown at the shift to renewables. But the left is exaggerating how quick and easy that shift will be – time-frame again!

There is just no underestimating the centrality of China (and the O.B.O.R. nations). Western nations will be simultaneously crowing about their all-renewables goals and stocking their supermarket shelves with stiff made in coal-powered China.

Refugees? Here’s some arithmetic you don’t see. Europe blew itself up politically with less than five million refugees. But if the time-frame catches us out, we could easily see waves of ten or twenty times that. Digest this, readers: just one percent of world population is 75 millions, which is 15 times the humanitarian exception.

It’s hard to imagine any reasonable (modern) person not admitting in principle that the nation of Tanzania, for example, with per capita emissions of Practically None, should suffer climate change equally with the nations that produced the emissions. But what a problem to solve! It strikes me to say that if collectivism – Stalinism – had never existed in the past, then we’d have a ‘one off’ rationale for accepting it to deal with climate change. But with history as it is . . .

And the markets this coming decade?

There will be a lot of money sloshing about – a lot!! And any industry involved in moving away from hydrocarbons will be a good place to be, and any industry stubbornly sticking with hydrocarbons will be a bad place to be. But the general operating environments will undoubtedly become far more complex than they even are now.

Mark Blair has a decades-long background in libertarian theory and activism, and is now focused solely and permanently on the politics of climate-change mitigation.

Copyright © 2019 Mark Blair - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in