A most acute essay on a subject that fascinates me. The smart folks of the world will bet on the basis of the evolving climate-changed world and they’ll bet big. They’ll eventually be part of a virtuous cycle that drives the climate change holdouts into bankrupt oblivion. The faster this happens, the better for the world.
That’s the theory anyway. If too many investors bet on the non-climate-change status quo, the desired changes will take longer and will occur in the form of some kind of financial crisis.
Buffet is as savvy as they come (unless he’s now too old), so hopefully he’ll use insurance to steer the world toward climate change mitigation and adaptation, for the sake of his pocket.
“It’s tricky to point to the insurance industry as a separate actor that should be acting altruistically and proactively to help homeowners”
Sorry, great post, but when I read “altruistically” and “help homeowners” as it related to insurance companies - the weaseliest bunch of non-paying assholes I’ve ever encountered - (excluding Donald Drumpf), I snorted out loud.
A most acute essay on a subject that fascinates me. The smart folks of the world will bet on the basis of the evolving climate-changed world and they’ll bet big. They’ll eventually be part of a virtuous cycle that drives the climate change holdouts into bankrupt oblivion. The faster this happens, the better for the world.
That’s the theory anyway. If too many investors bet on the non-climate-change status quo, the desired changes will take longer and will occur in the form of some kind of financial crisis.
Buffet is as savvy as they come (unless he’s now too old), so hopefully he’ll use insurance to steer the world toward climate change mitigation and adaptation, for the sake of his pocket.
Thanks for your info and insights.
“It’s tricky to point to the insurance industry as a separate actor that should be acting altruistically and proactively to help homeowners”
Sorry, great post, but when I read “altruistically” and “help homeowners” as it related to insurance companies - the weaseliest bunch of non-paying assholes I’ve ever encountered - (excluding Donald Drumpf), I snorted out loud.