There is one aspect to this: Any difficulty to finance fossil energy projects, be it from insurance problems, hesitance to new investment, or high interest rates (or, as we have seen, even a pandemic) can lead to a lack of investment and to temporary supply shortages. And because the price of fuels is extremely inelastic (meaning a small change in supply would cause a big change in price), this means that consumers have a very high risk of large price spikes.
Fossil fuel should be banned immediately and reconversion to clean energy should happen equally as immediately no matter the cost.
(we have a draft bill)
Finally something happens.
Who knew insurance companies were actually healthy for the world?
It makes sense. Bad things happening leads to less profit for them, so they’ll use their influence to stop bad things if they can. Maybe we should try to more directly link bad things to less profits for more companies.
5 comments
There is one aspect to this: Any difficulty to finance fossil energy projects, be it from insurance problems, hesitance to new investment, or high interest rates (or, as we have seen, even a pandemic) can lead to a lack of investment and to temporary supply shortages. And because the price of fuels is extremely inelastic (meaning a small change in supply would cause a big change in price), this means that consumers have a very high risk of large price spikes.
Fossil fuel should be banned immediately and reconversion to clean energy should happen equally as immediately no matter the cost.
(we have a draft bill)
Finally something happens.
Who knew insurance companies were actually healthy for the world?
It makes sense. Bad things happening leads to less profit for them, so they’ll use their influence to stop bad things if they can. Maybe we should try to more directly link bad things to less profits for more companies.