'Fossil fuels have to stop now whether we are ready or not'
'Fossil fuels have to stop now whether we are ready or not'
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Description
The international scientific consensus is that we must reach net zero greenhouse emissions by 2050 in order to prevent the worst climate change disasters. Fossil fuels will be gradually phased out as new energy technologies emerge. But is this a plausible way of reaching the net zero target? David Ko and Richard Busalleto, successful hedge fund managers turned climate advocates, argue it is not. Hear their alternative approach to achieving net zero and why they believe gradually reducing reliance on fossil fuels will not get us to net zero.
Table Of Contents
Economic volatility under climate change
Ko explains how our economy is deeply tied to the climate crisis - economic bail outs are not an option to the extreme consequences of global warming.
Continued fossil fuel use can not be part of the solution
Learn why Ko believes that cutting off all fossil fuel use at once is the only solution to reducing global warming.
How achievable is net zero?
Busalleto argues that the current approach to net zero will ensure that the climate crisis will never be controlled.
Businesses must use their own agency to push for change
If net zero is to be achieved, businesses must pioneer the switch from fossil fuels before they are ready. Busalleto explains how this can be done successfully.
Corporations need motivation to change their processes
Current attitudes mean that businesses will not support mass energy transformation until they know they can survive it themselves. Ko argues for a mindset shift in order to overcome the focus on investment returns.
The use of subtractive change
Ko explains his theory of subtractive change - giving consumers the power to fight climate change through specific consumption habits - and gives an example of how this has been used to overcome past challenges.
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