This is tiny steps. I agree there is some evidence of movement in the right direction, but I can't agree that ESG puts a price on carbon - I don't know how much of an impact it has, but it's doubtful that it has the impact a carbon tax would.
Everything that you're saying is true but they are incremental changes. I would put a bet that within 10-20 years massive market regulation + carbon tax will be forced onto industries across the world - that will be because climate change will be such a huge multiplier of horrific things we'll be forced to. But by then it's likely too late for 1/2 of the world's population to escape unharmed.
In fact I increasingly suspect that climate change is already causing horrific events around the world that we are ignoring because we are in the first world. It would be interesting to go around agricultural areas in the hottest areas of the world and see if food insecurity is increasing. I would bet that we're already seeing huge changes, but because we're insulated from it, we're ignoring it.
Basically we're looking at the same facts, but I think you are a huge optimist.
Everything that you're saying is true but they are incremental changes. I would put a bet that within 10-20 years massive market regulation + carbon tax will be forced onto industries across the world - that will be because climate change will be such a huge multiplier of horrific things we'll be forced to. But by then it's likely too late for 1/2 of the world's population to escape unharmed.
In fact I increasingly suspect that climate change is already causing horrific events around the world that we are ignoring because we are in the first world. It would be interesting to go around agricultural areas in the hottest areas of the world and see if food insecurity is increasing. I would bet that we're already seeing huge changes, but because we're insulated from it, we're ignoring it.
Basically we're looking at the same facts, but I think you are a huge optimist.