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These talking points seem a little disingenuous to me. They keep talking about a "climate Minsky moment" as if it will happen without warning or prompting, whi

These talking points seem a little disingenuous to me. They keep talking about a "climate Minsky moment" as if it will happen without warning or prompting, which doesn't seem true to me. The risk of a "climate Minsky moment" seems directly tied to government regulation, to me. I.e. it will be triggered by governments failing to act on the climate proactively, and then having to impose harsh restrictions to make up for the lack of earlier action. Is the theory that savvy investors aren't pricing climate change into their long term investment strategies? I'm not saying government regulation is a bad thing, but it strikes me as very dishonest to act like there are mysterious market forces behind this. There aren't. Current regulations just aren't sufficient, and instead of fixing that, we're getting vague warnings about calamitous market forces.

ethbr1 3y ago
>> Carney, when he was head of the Bank of England, first warned of a “climate Minsky Moment” in a speech to the directors of Lloyd’s of London in 2015, and he has repeatedly done so since. So, he's been wrong about a sudden shift for 10 years and counting? The piece's argument seems to be: 1. Climate change impacts are worsening 2. Decarbonization is needed to avoid 3. Ergo, decarbonization will accelerate Based on the last 20 years of government climate action, I'm not sure a sudden decarbonization is in the cards for any advanced economy.
- bryanlarsen 3y ago
  Annual CO2 emissions are predicted to start going down in 2024. https://climateanalytics.org/comment/will-2024-be-the-year-emissions-start-falling https://climateanalytics.org/comment/will-2024-be-the-year-e...