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When it comes to climate change, things aren’t as dire as they seem. When clients or friends ask why they shouldn’t panic about climate, my answer is threefold:
- As I mentioned in the video, the world has ALREADY PASSED peak CO2 emissions per capita. And according to the latest projections, “The world faces a “staggering” surplus of oil equating to millions of barrels a day by the end of the decade” (via FT) Fossil fuels are in retreat, relative to cheap renewables, with more about to come online, like 150+ new nuclear reactors in China, alone.
- Emissions will fall in aggregate as global population ages and declines over the next 50 years onward. A near certainty, by every projection. Old and dead people just don’t consume that much. Slackers. The impact will dwarf anything in the Paris Climate Agreement and other marginal efforts.
- Human ingenuity is undefeated, as evidence by this video on the protection of Venice. It’s a matter of sharing resources and know-how with the poorest places – better construction, cooling, infrastructure, medicine, food production, etc. We can and will adapt, if we choose to try.
For now, climate the climate alarmism agenda serves two main functions: 1) Triggering premature substitution of appliances/cars (which is arguably more depletive). And, 2) it keep developing nations from, well, developing. Just as we have and will continue to, using cheap, abundant energy.
Truth is: we are are on a green trajectory regardless of what we do. What we can—and should—do is ensure others, who are less fortunate, get to go on that ride, too.
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