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   mekka okereke :verified: (mekkaokereke@hachyderm.io)'s status on Thursday, 04-Jul-2024 00:17:07 JST mekka okereke :verified:

   CBS News reports that the "Global shift towards Green Energy is Accelerating!" Yay!😀

   https://m.youtube.com/watch?v=6fKfaJheWbk

   Isn't that a good thing?

   CBS cites the International Energy Agency report. But they don't say the word "China," much...

   But if you read the report, you see that:
   * Most of the green investment is from China
   * Most of the rest is made possible by cheap solar, batteries, and EVs, also from China
   * The US and EU are working to... slow this green investment.😮

   https://www.iea.org/reports/world-energy-investment-2024/china#abstract

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   • Embed this notice
     mekka okereke :verified: (mekkaokereke@hachyderm.io)'s status on Thursday, 04-Jul-2024 00:17:05 JST mekka okereke :verified:

     in reply to

     Our choices:

     1) Climate disaster.

     2) The world stops using fossil fuels. But the US under-invests in green tech. China *becomes by far the largest and most important economy in the world. They build an insurmountable lead in batteries, solar, wind, grid, transportation and storage.

     3) The world stops using fossil fuels. The US adequately invests in green tech. The US remains the largest and most important economy in the world.

     We're waffling between 1 and 2.🤷🏿♂️

     (*Some say we're already here).

     Paul Cantrell and Elledeeay repeated this.
   • Embed this notice
     mekka okereke :verified: (mekkaokereke@hachyderm.io)'s status on Thursday, 04-Jul-2024 00:17:06 JST mekka okereke :verified:

     in reply to

     How the hell am I the so called "climate doomer," when I'm the one that believes that transitioning the world to Green energy is not nearly as hard as we pretend that it is? I'm the optimist. The people that think that we can ignore racism are the pessimists.

     China invested $317B in clean energy. We invest $44B just in buying Twitter, to be anti-woke. It's silly.

     Imagine if instead, the US was pushing as hard as China. Where would the world be now?

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     mekka okereke :verified: (mekkaokereke@hachyderm.io)'s status on Thursday, 04-Jul-2024 00:17:06 JST mekka okereke :verified:

     in reply to

     If green investment is so bad for the economy, then why is green investment double fossil fuel investment already? Why are so many US fossil industries saying that they can't compete with China now (fuels, automotive, transportation, etc). That seems like pretty good ROI for a few years of subsidizing green industry, but hey, I'm no economist.

     🤔 Wait, don't Venture Capitalists tell us that we're supposed to cheer when old industries get disrupted by tech and subsidized pricing?

     3/N

     Paul Cantrell repeated this.
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     ⛈️ Information ⛈️ (elucidating@mastodon.social)'s status on Thursday, 04-Jul-2024 00:17:22 JST ⛈️ Information ⛈️

     in reply to

     @mekkaokereke Completely agree. I wanted to add some rays of positivity for those feeling bleak, I hope you don't mind:

     It's worth noting that while the US government under-invests, it's not entirely bleak for the US green tech scene.

     Specifically, both Iron-Air and Sodium-Ion batteries are US inventions and even manufactured primarily here today. US companies are also much closer to cost-effective LAES than most EU or CN entities.

     That all changes if we don't push harder, but it's a start.

   • Embed this notice
     AJ Sadauskas (ajsadauskas@aus.social)'s status on Sunday, 07-Jul-2024 10:39:23 JST AJ Sadauskas

     in reply to

     @mekkaokereke The great irony: For all the talk about green capitalism being socialist, it's quite possibly also the only form of capitalism that can survive long term.

     There's no market economy on a dead planet.