Curious as to the $1.1 trillion green investments from this year, I googled it, with an inkling that the headline hides a lot. The link to Bloomberg is pay-walled, but I found a working link to another BB article: https://www.bloomberg.com/news/articles/2023-01-26/global-clean-energy-investments-match-fossil-fuel-for-first-time?leadSource=uverify wall.
Redtea, you might interject, that link may open but the lede remains buried. Fear not, curious minds, for I have done the digging (emphasis added):
BNEF’s data show that China was by far the leading country for attracting energy transition investment, accounting for $546 billion or nearly half of the global total. The US was a distant second at $141 billion, while the EU would have been second if treated as a single bloc, at $180 billion. Germany retained its third place, while the UK dropped one place to fifth as France climbed to fourth.
[Edit: How much do you want to bet that when British media picks this up, they indeed treat the EU as a single bloc and sneak themselves back into fourth place?]
As we might expect in a world divided between capitalists and communists, it’s the communists who show the most concern for saving the planet. Luckily for the only life in the universe known to humankind, the US and Europe will be subject to China’s new rules based order before the end of the century, so the next generation might actually be able to crawl out of this mess.
Basically, China is doing all the heavy lifting in global transition from fossil fuels and we are incredibly lucky that the west decided to move all the manufacturing to China. There is no realistic hope that the west will do anything more than pay lip service and run greenwash initiatives. China is the only hope humanity has to survive the climate crisis.
There is no realistic hope that the west will do anything more than pay lip service and run greenwash initiatives
And blame China for their own misdoings!
already happening
lets goooo 😎
Is this a good or bad thing? Are they heading for a worse than worse case?
Better. It predicts a max 2.6°C warming by 2100 (down from 4–6°C).
But it’s not ‘good’ news. It right m won’t be good news until we get below net zero by taking more carbon out the air then we pump into it, because even ‘no growth’ in emissions still means an above zero output. And those emissions keep adding to what’s in the atmosphere already. The only question until we get below zero is, how quickly will be be fucked?
Bit of a rant but the situation in cities is tremendous, i live in rome and in this time of year temperatures regularly reach 30c, if I go in the countryside they get cooler by about 10c, all because of bad urbanistics propped up by lobbying and more generally capitalism
It’s highly problematic when you have bodies that can’t transmit their heat because everything in their surrounding is at the same temperature. Last year I was amazed how the heat from the street was on the verge of melting my cheap shoes.
People laugh but I think cooling/heating shelters in the urban and retiree homes are unavoidable in the immediate future. Well, the alternative is to let the heat play the role of the grim reaper.
Unfortunately I think you’re right.
It won’t make it much better, but have you tried an ice cream from Gelateria La Romana?
I’m the only Italian who doesn’t like ice cream 😅
😮
Good, we’re heading to a bad but not catastrophic case, with some luck the lowered cost of alternative energy might soften the blow even more
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