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I would rather invest in something that tries to prevent the decline. Renewable energy for example.
by perfunctory 7y ago
I would rather invest in something that tries to prevent the decline. Renewable energy for example.
- LatteLazy 7y agoTo be clear, an investment is something that produces a return. Doing green tech at a lose isn't investing, it's just spending.
- yifanl 7y agoA return doesn't have to be economic. I'd rather lose money and not die than make trillions and drown. (Obviously hyperbolic example, but my point is that the number in my bank account isn't the only thing to invest in)
- p1mrx 7y agoI think a well-designed carbon tax would be useful for converting environmental returns into economic returns.
- LatteLazy 7y agoBut you can't actually get that outcome. You'll lose money AND people will drown. That's the point here. You can decide to lose money or not, but you can't dictate the climate. Sorry to be the arsehole here, but everyone seems to be fooling themselves and we need to stop in order to make a real plan.
- triceratops 7y agoI think GP meant they'd accept a lower return if it has other beneficial outcomes, as green energy does.
- Polylactic_acid 7y agoIts an investment in the planet. One day people will learn that you can't eat money.