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Because powerful parties possess considerable vested interest in the current carbon-consumption status quo. Ironically many of these interests could realise th
by jeffwass 7y ago
Because powerful parties possess considerable vested interest in the current carbon-consumption status quo.
Ironically many of these interests could realise the new opportunities of growth in the energy space instead of focusing on potential impact to current business lines.
- TeMPOraL 7y agoThink of it like optimization algorithm stuck in a local minimum. There's a deeper valley just over there, but you have to first climb a small hill to get there. The market is pretty much everyone executing an algorithm like this, with the extra tweak that staying too high relative to your friends for too long will kill your business.
- jeffwass 7y agoExactly. And there’s a path dependence too, first movers to accept the pending disruption can be at a considerable advantage.