Investment Metrics for Climate Change, Part 2: CO2 Is Our Top Priority
<p>Climate change is visible everywhere you look.</p>
<p>Glaciers are melting at an unprecedented rate, <a href="https://ethz.ch/en/news-and-events/eth-news/news/2022/08/a-historical-perspective-on-glacial-retreat.html" rel="noopener ugc nofollow" target="_blank">as those pictures from the 1930s and the 2020s show</a>.</p>
<p>Farmers all over the world need to cope with more frequent and more severe drought, <a href="https://www.nzz.ch/schweiz/hitze-und-landwirtschaft-ein-bauer-findet-wasser-ld.1694334" rel="noopener ugc nofollow" target="_blank">even in moderate climates such as Switzerland</a>.</p>
<p>Even <a href="https://hbr.org/2017/07/managing-climate-change" rel="noopener ugc nofollow" target="_blank">the U.S. Navy is contemplating abandoning some of its major bases</a>, as sea levels rise faster than ever.</p>
<p>On top, economic troubles start appearing everywhere you look.</p>
<p><a href="https://www.economist.com/finance-and-economics/why-capital-will-become-scarcer-in-the-2020s/21806928" rel="noopener ugc nofollow" target="_blank">Capital is becoming scarcer.</a> Not just for fancy startups, but for business in general. Part of the reason is that investment in business continuity is on the rise. Part is because governments dole out huge stimulus packages in the wake of COVID-19. And part is because markets tend to become smaller due to the rising geopolitical tensions between the West, Russia, and China.</p>
<p>And don’t forget the costs of restoring our defense capabilities, modernizing our social security systems, and preventing future pandemics.</p>
<p>Oh, and we forgot the costs of climate change and the energy transition.</p>
<p>It’s obvious: We’re in both economic and ecological trouble, in a global context.</p>
<p>Shall we be scared, just because our house (or planet) is burning?</p>
<p>Not at all. <a href="https://medium.com/predict/nothing-cleans-like-a-fire-how-to-gain-strength-from-a-crisis-9ee81b99bdef" rel="noopener ugc nofollow" target="_blank">Nothing cleans like a fire.</a></p>
<p>But to clean up our house, we will need to change some of our 20th-century habits for good. And with habits, I don’t mean micro-habits of individuals, but macro-habits of entire societies.</p>
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