Malthusian math versus irrational markets - EDITORIAL - Magazine
Published: October 3, 2023
Clean power and clean water are, as the International Energy Agency points out, interdependent and it may be worth considering why, and what other dep...
Source: asiaasset.com
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Fatih BirolAsset Owner AllianceInternational Energy AgencyNet Zero Asset Owner AllianceHidden HandClean Power And Water AreS The International Energy Agency Points OutNterdependent And It May Be Worth Considering WhyNd What Other Dependencies Are Involved Amp Nbsp Such Defined In Economics As Externalities Ndash Ldquo An Indirect Cost Or Benefit To Uninvolved Third Party That Arises Effect Of Another Rsquos Parties Rsquo Activity Rdquo They Have Been Illustrated Examples Market FailureHerea Market Transaction Fails To Reflect The True Costs And Benefits Involved But It Amp Rsquos Probably Morea Question Of InefficiencyHere The Real Global Costs And Impacts Ofa Transaction Are Not Reflected In Fair Price Of An Asset With Sustainability Focused Activities Too It Amp Rsquo Sa Matter Balancing Various Externalities For InstanceA Recent Report By The Net Zero Asset Owner Alliance Notes Potential Impact Of Carbon Capture Solutions On Water And Environment These Are Chiefly Biomass Where Dioxide Is Captured Through Production BiofuelsHich Can Drain Water For Growing Biomass Crops And Pollute The Local Ecosystem Through Use Of Fertilisers LikewiseHe Production Of Green Hydrogen Requires Significant Water Resources Amp Nbsp These Are Justa Few The Trade Offs That Can Be Involved In Any Such CalculationHich Is The Point Of Whole Exercise Believers In Hidden HandRivate Vices Public VirtuesNd Other Moralistic PhilosophiesHich Profess That Virtues Can Somehow Be Enacted Through Market MechanismsAn Comfort Themselves By Reflecting That All They Need To Do Is Broaden Their Focus SadlyHe Human Capacity To Close One Amp Rsquos Eyes The Real Costs Of What They Rsquo Re Doing Isa Perennial History Nbsp For Those Not Stuck In Culture War BunkersHis LooksOldly And ObjectivelyIkea Financial And Business Opportunity They Can Amp Rsquot Afford To Miss After AllFatih BirolXecutive Director Of The Iea