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> The results indicate that as carbon costs rise, high-emitting carbon industries such as mining and energy are at the greatest risk of default Image that, com
by _aavaa_ 3y ago
> The results indicate that as carbon costs rise, high-emitting carbon industries such as mining and energy are at the greatest risk of default
Image that, companies who have for decades built their businesses around being able the air as a free public sewer are going to have financial trouble when they have to start paying for it.
- ZeroGravitas 3y agoAlso, it's a bit of a con to cite mining and energy as homogenous industries. The nuclear plants, hydro dams, wind turbines, batteries and solar aren't going to be at risk due to this. Even gas might get a short term boost at the expense of coal. Similarly, the lithium and copper mines are going to be the opposite of hurt by this transition.