Climate Bubblehas characteristic of classic stock bubble, and is now on the down trend.
During Phase I, the issue of “global warming” bubbled among climate scientists through the 1980s with little public attention. Phase II began about 35 years ago when the issue—eventually rebranded “climate change”—burst into public consciousness, with global media coverage growing tenfold over the past two decades. Those years were marked by a fervor for doing something to “solve” the problem.
But the significant global emissions reductions envisioned in Paris are now a fantasy. Emissions grew to an all-time high in 2023, with consumption of coal, oil and natural gas each near record levels, driven in large part by the energy needs of the developing world. Despite global renewable-energy investment of almost $12 trillion in the nine years ending in 2023, fossil fuels continue to provide about 80% of the world’s energy. The latest United Nations emissions report projects that emissions in 2030 will be almost twice as high as a level compatible with the Paris aspiration.
The challenges in reducing emissions have long been evident to the few who cared to understand demographics, economics and energy technologies. As more people have come to appreciate those factors, there are signs that the “climate crisis” has entered Downs’s Phase III, when ambitious goals collide with techno-economic realities.
The ‘Climate Crisis’ Fades Out - WSJ (archive.md)
those who jump head first adopting full green policy and climate change scam will see alot of write off and wrecked economy ( ex sri lanka)
other reading
The global backlash against climate policies has begun (economist.com)
I like to see canadian oil/gas companies walk back on some of their emission target and promises. I am certain not one country who sign the paris agreement will come close to meeting their promises and target, while canada emission is only 1.6% of world's emission.