· @EndemicEarthling
9 followers · 35 posts · Server todon.eu

Q. How much will it cost to stop catastrophic ?
A. Far less than you probably expect.

If you look at the budgets of oil and gas companies (), and look at *just* the amounts allocated to their expansion plans over the next decade (not including the costs of running their current wells, rigs and pipelines, nor the record-profits they are delivering to owners, nor the billions they spend on their ongoing ), this amount earmarked for unnecessary expansion is larger than the cost required to implement sufficient (including energy storage) to keep global warming to #+1.5ÂșC.

There is more required than the transition of stationary energy sources, but this is a massive part of the issue, and completely affordable for everyone. The only real drawback is that the current crop of billionaires make less profit. (And a tiny fraction of workers globally employed by oil and gas would need to re-train, but that needs to happen anyway.)

Source: "Navigating Energy Transitions" report from IISD, 2022, discussed in this very insightful video (I've linked to the relevant section, but the whole thing is worth watching): youtu.be/pujOh4YaP7s?t=262

#ClimateDisruption #dirtyEnergy #billionaire #climatedisinformationcampaign #renewableenergy

Last updated 2 years ago