What Do We Do Now That We Know Climate Change is Inevitable?

Climate change experts say global emissions of CO2 must be reduced to 45% from 2010 levels by 2030. It must reach a “net” zero” level by 2050 in order to limit warming to 2.8 degrees Fahrenheit (1.5 degrees centigrade). The goal was originally set at 2 degrees centigrade (3.6 degrees Fahrenheit), but the Paris negotiations changed it to 1.5 degrees C. to appeal to a broader base of nations. This half degree means 10 million fewer people are displaced by the ocean’s rising, a 50% reduction of people experiencing water shortages around the globe, 50% reduction in species losing half their habitat, and a 80–90% destruction of coral reefs instead of 100%. The level of atmospheric CO2, however, has risen from 387 ppm in 2010 to 413 ppm in 2019, a 6.7% increase.

The financial inertia of the fossil fuel industry
is making a mockery of world climate goals.

For the first time, Saudi Aramco revealed its finances publicly. Although it was April 1, this was no April Fool’s prank. The company made $111 billion last year, twice as much as Apple, the most profitable public company in the world. ExxonMobil made $20.8 billion. Royal Dutch Shell made $23.4 billion. The financial inertia of the fossil fuel industry is making a mockery of world climate goals. It is not just the fossil fuel industry but the industries it fuels as well. Trucking, shipping, airlines, auto, steel and concrete industries must all switch to electric or hydrogen by 2050 for “net zero” to happen. That’s 31 years away. Can you see all of these industries making the staggering commitments necessary to switch over without laws in place to make them? Can you see all 195 countries on Earth passing laws to force them to do this? It is not going to happen.

Read the story from Medium by Glen Hendrix - “What Do We Do Now That We Know Climate Change is Inevitable?”