Things are Starting to Heat Up - Part IX 10

[dik]

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So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

There is also a financial risk. It has to be eliminated, not bought and paid for.

"By putting a price on the cost of carbon, the Government of Canada aims to curtail greenhouse gas (GHG) emissions, but it comes with an increased risk for financial lenders and borrowers with high carbon emissions.

In a first-of-its-kind study, University of Waterloo researchers analyzed the effects of Canada's carbon price regime on the economy. The results indicate that as carbon costs rise, high-emitting carbon industries such as mining and energy are at the greatest risk of default, with total assets of $256 billion at risk of being lost and almost a quarter of the Canadian GDP exposed to climate risk."

https://phys.org/news/2023-06-canada-carbon-pricing-poses-billion.html

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So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[BridgeSmith]

There is also a financial risk. It has to be eliminated, not bought and paid for.

How do you propose to accomplish that?