To actually accomplish a green transition we (the world) needs to spend around $9 trillion a year.... well that's just not affordable, say climate sceptics.
You might say that, but lets have a look at the money we were prepared to pony up to deal with the pandemic.
While a more focused threat & certainly causing some fiscal issues, when required the money can be found.
(Don't get me started on fossil fuels subsidies!)
So its not the money stopping the green transition!
@ChrisMayLA6 Money is a social construct used to direct how people spend their time and to allocate and share out resources. Banks create new money every time they issue a loan. We are talking about mobilising people (workers) and equipment to build adaptations (eg public transport, insulated homes, reconfiguring manufacturing to new products etc.) - and shifting consumption patterns so everyone has enough to eat. It's a choice. We can choose a #JustTransition $9 trillion?- it's political choice
@ChrisMayLA6 utility grids have to replace old equipment anyway, and that budget runs into the trillion dollars a year anyway. If they just use their regular Investment budget only on renewable energy and batteries. They're most of the way to getting to the $9 billion a year.
@jeff61813@ChrisMayLA6 Depends on where you are. The grid in my city dates from the 1950s. Rusty transformers and cracked insulators still work...until they don't. No maintenance is done here until something blows, and then it's fixed with a band-aid.
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