The 1.5 Quadrillion Dollar Opportunity

The 1.5 Quadrillion Dollar Opportunity

Building technology and start-ups to accelerate the transition away from fossil fuels is one of the most epic business opportunities of all time. At Kim Stanley Robinson lays out crisply:

“Humans are burning about 40 gigatons of fossil carbon a year…Scientists have calculated that we can burn about 500 more gigatons of fossil carbon before we push the average global temperature over 2 degrees C higher than it was when the industrial revolution began…but meanwhile, the fossil fuels industry has already located at least 3000 gigatons of fossil carbon in the ground. All these concentrations of carbon are listed as assets by the corporations that have located them and they are regarded as national resources by the nation states in which they have been found…The notional value of the 2500 gigatons of carbon that should be left in the ground, calculated by using the current price of oil is on the order of 1500 trillion US dollars”

Read more: https://www.ianhogarth.com/blog/2021/3/26/the-15-quadrillion-dollar-opportunity

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