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So where does the dollar to invest in climate innovation come from if you don't take the dollar out of the fossil fuel stock? "Climate innovation" is also goin
by joe_the_user 7y ago
So where does the dollar to invest in climate innovation come from if you don't take the dollar out of the fossil fuel stock?
"Climate innovation" is also going have limited impact on global warming, if by "climate innovation" you mean lower cost power sources like solar or wind.
The problem is that lower-cost clean fuel is not drive hydrocarbons away since pumping already-found oil out of the ground pretty much can't be beaten in price.
The only that can stop CO2 pollution is states using their regulatory power to stop it.
One factor to consider is that pension funds and other funds with social impact would do well to divest if such a regulatory crack-down is to take place.
-- "CO2 pollution" is good way to phrase it too, since other pollution problems aren't handled with the kind of worthless half-measures that CO2/greenhouse-gas problem has been mishandled with.