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Industrial processes are not the problem. The industries that use a lot of energy also make large long-term investments. That forces them to think in longer ter

Industrial processes are not the problem. The industries that use a lot of energy also make large long-term investments. That forces them to think in longer term than most other fields. In Europe, we are already seeing industries telling politicians not to back down from climate goals, because unpredictable policy is bad for business. In their time horizon, adapting to climate change is inevitable, and there are business opportunities in it. Transportation is a bigger problem. Not only people are still buying new cars, ships, and aircraft that use fossil fuels, but businesses continue designing new models. It's likely that transportation's share of total emissions will increase, as electricity, heating, and industrial processes decarbonize.

oblio 4y ago
> Transportation is a bigger problem. Not only people are still buying new cars, ships, and aircraft that use fossil fuels, but businesses continue designing new models. Europe is very close to banning ICE cars from 2035 - 2040. And part of the people pushing for this ban are... European automobile manufacturers, especially VW. Funny, right? Volkswagen has invested tens of billions of euros into EVs and will invest about 80 billion more until 2030 and I think they expect their entire lineup to be EV-only by 2030 or so, so if they manage to ban ICEs by 2035, they'd basically be banning some of their slower moving competitors :-))