The virtuous gameReport Date: 16th June, 2021
While the green revolution continues to gather steam, there is still a high degree of procrastination going on. The radical transformation of the economy that is required could be happening much faster. Gradualism will result in more capital destruction over the medium-term — the irony of a strategy that seeks to minimise up-front costs. Thankfully, technology is moving the world’s way. The problem is the damage already done and the course this has set us on. It is not going to be turned by net zero. Reversing course might mean centuries of effort, certainly many decades. This creates more opportunities for greened investors — catching up always being more costly.
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