oil is too expensive

98% certainty

98% of published cross-checked scientific work agrees that climate change is happening. And that climate change is most likely the result of human activities. 98% borders on near absolute certainty. In other words - climate change is happening; here, now. The changes in the atmosphere are caused by the release of climate active gases - mostly CO2, but also other greenhouse gases including CH4, N2O, SF6, NF3, and CFCs. A large part of these gases are generated in the process of extracting and burning of  fossil energy  forms, coal, oil, and natural gas. In other words: if he impacts of climate change on human activities - that includes all sort of economic activities -  and individual lives shall be limited, significant changes to the current energy infrastructure are required.


Impacts

The global climate is an incredibly complex system with numerous factor that are reciprocal influencing each other. Forecasting the detailed implications of the changes for a certain location at a certain time  is therefore near impossible. The only thing that can be forecasted with near certainty is change, and therefore a high degree of unpredictability. Amongst the potential implications are:

  • increase of average temperatures
  •  potential increase of the sea levels
  • changing local climate patterns, including changing rain patterns
  • continued increase of extreme weather events (storms, flooding, heatwaves)
  • change in the local and timely availability of water, therefore influencing fertility and agricultural output


Detailed information on climate change pedictions and impacts are available through the reports of the International Panel on Climate Change.


It's the money, stup.. !

Besides the individual human tragedies the impacts of climate change are likely to cause in the future, climate change impacts will have significant influence on economic activities and thus wealth creation, including

  • limited availability of water and other natural resources negatively impact business operations
  • extreme weather events and natural catastrophes affect production and transport (access to markets)
  • unpredictability and uncertainty require relevant investments (cost), contingency management a high dergree of operational flexibility
  • the negative impact on the overall economy leads to lower income, and therefore fewer potential clients and smaller markets, negatively affecting corporate revenues


Corporations and governments are entities that cater to real or artificial needs of markets and societies. They do not have a human moral conscience, and it is therefore not surprising that calls for moral behaviour have very influence on government and corporate activities and operations. However, it is somewhat astonishing hat they do not seem to understand their core language: money. Averting climate change through a radical shift of the energy infrastructure is not only significantly cheaper than pursuing the current "business-as-usual "approach. Averting climate change would be highly profitable.




Climate change is happening.

Here.

Now.











The frequency and ferocity of extreme weather events has dramatically increased over the last 30 years, causing not only human tragedies but high financial costs in terms of rebuilding and interruption to agricultural and industrial activities. The Philippines, for example, are losing more than 2% of GDP top climate change associated disasters such as the recent super-typhoon  - tendency increasing.







Taking action to averting climate change is not only cheaper -  it is highly profitable







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