I'm also looking for other thinkers/writers in this space I can learn from. Any ideas? There seems to be a number of stressers: 2/
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@moorehn Heidi, I read your explainer thread on the inverted yield curve – so helpful! Thank you. I'm wondering if you've written about the convergence of finance, the economy, and the climate crisis? It's something I'm trying to wrap my head around.
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1) climate change has obliterated our old models of "certainty" - we now live in a time of uncertainty. One example: insurance companies models are all over the place. They can no longer predict how often X or Y extreme weather events will occur. 3/
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2) certain industries are the canary in the coal mine. For instance, the insurance and coastal real estate industries. 4/
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3) how freak'n costly climate chaos is! Damn. But reading the replies in your "inverted yield curve" thread, maybe we can keep borrowing from ourselves and since our national debt doesn't really matter, it's not really something to worry about? 5/
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4) the inevitability of the carbon bubble pop. Fossil fuel companies' valuation is based on reserves of oil being used. But... if that were to happen, the results would be truly catastrophic. More and more people are realizing this, which shakes investor confidence. 6/
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4 continued) Since so much of our economy is based on fossil fuels, and a smooth transition to renewable energy seems unlikely, this seems like a big, ah, stresser. 7/
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And it's why I'm trying to closely follow shifts the fossil fuel to solar/wind transition. I'm an absolute novice in this subject, so trying to read and learn as much as I can - fast! Got excited about this
8/https://twitter.com/emahlee/status/1162180541577220096 …Show this thread -
I'm also trying to follow what's happening in finance. Seems very big. Thread on how central bankers, fund managers, global investors are all sounding the alarm.
9/https://twitter.com/emahlee/status/1131794951811919874 …Show this thread -
Anywho, this thread is getting entirely too long. It's been hard to find those who are both finance experts AND understand the enormity of climate and its impacts. Most finance peeps still operate in the old paradigm that doesn't consider/ "get" climate. Merci! /end
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End of conversation
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That sounds like an interesting challenge, haven’t tackled it yet. What’s on your mind? (i.e., what particular parts?)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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