A very interesting opinion has been published a while ago in the FT: “Market forces are not enough to halt climate change“
I like to repeat the quote used in the “Nature Anthropocene briefing of July 5“, with following comments:
The desire for financial returns will mean that fossil fuels continue to be good investments, thus condemning the survival of humanity to irrelevance, argues commentator Martin Wolf of The Financial Times.
A hundred years from now, people are likely to remember our era as the time when we knowingly bequeathed a destabilised climate.
The market will not fix this global market failure. But today’s political fragmentation and domestic populism make it almost inconceivable that the needed courage will be forthcoming either.
