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Cost of fuel is not the whole picture if they don't have the infrastructure to consume it Maybe they'll do decades-long investments to set up new oil infrastru
by Aachen 2y ago
Cost of fuel is not the whole picture if they don't have the infrastructure to consume it
Maybe they'll do decades-long investments to set up new oil infrastructure after we've moved away from it, but even then: it isn't a 1:1 exchange. What we reduce doesn't simply pop back up elsewhere because, evidenced by our moving away in this scenario, there's economical alternatives. Even if it came back 100% in another country a few decades later, buying time really does help us here because we can take more and more preventative and adaptative measures. It won't prevent any and all issues, but a +3°C world in 2200 is still vastly better (and more predictable) than a +5°C world from accelerated oil use
Rather than buying and re-burying oil, you're probably getting a higher ROI (lower climate change adaptation costs) by spending those euros (that you'd otherwise spend on burying oil) on helping everyone (including oneself) not produce greenhouse gasses