The science behind climate change is a joke.. without going back too much, Danish people should know well that until the XIV century Greenland was actually GREEN LAND, after there was a significant cooling (just look at ice skater in Flemish paintings). Just looking at that for me is difficult to accept blindly that mankind is the cause of climate change
However also given for grant that carbon is the cause of climate change: the current policy will change nothing
Scientists tell us that WHAT MATTER is the concentration of Co2 in the atmosphere.. to reduce this concentration we should emit less Co2 than what the whole system is able to absorb. The truth is that “the system” is able to absorb very little … also a Co2 reduction of -50% overnight would not be sufficient to reduce the concentration
SO, IF THE CAUSE IS CO2 IT WILL GET WORSE AND WORSE NO MATTER WHAT HAPPENS, THE ONLY WAY OUT WOULD BE A REDUCTION OF WORLD POPULATION BY HALF OR MORE.
Summing up climate change for me is a joke, but people want to invest there, politicians can get votes and it is now 5% of world GDP, so if you cancel this industry you will have double the impact of current crisis on world GDP.
WHAT TO DO? In the end what everyone wants is Co2 price to go up, so don’t bother with investing in renewables or related stuff… just buy directly Co2 today with a cheap ETF (50bps management fee and no performance fee, with daily liquidity) ou buy at 15 today , you get 30/40 in 4-5 years with a NET 15-20% annual return.
PS: for those who are afraid that the melting of the ice will increase sea levels and destroy their second home on the seaside… don’t bother, the melting of icebergs will not increase sea level, as for the principle of ARCHIMEDE: the total mass of the ocean and ice remains unchanged even when the ice melts. Just try to let melt the ice in your drink, you will see that your drink will not go up!
