Climate Change and Resource Depletion. Which Way to Ruin is Faster?

What could bring down the industrial civilization? Would it be global warming (fire) or resource depletion (ice)? At present, it may well be that depletion is hitting us faster. But, in the long run, global warming may hit us much harder. Maybe the fall of our civilization will be Fire AND ice.

Internalizing Climate Risk

From ‘natural’ disasters causing property damage, to climate mitigation measures rendering fossil fuel assets unburnable, to potential impacts of climate change on agricultural production, energy, food, insurance, real estate, and other sectors, it’s clear that private sector companies and all kinds of investments stand to suffer significant losses as a consequence of climate change.

The ‘new normal’ has been postponed (and probably canceled)

There remains a hope that once we get past the economic and social effects of the pandemic, all of us will be able to return to something resembling normal life before the pandemic—even if it is a “new normal” marked by heightened vigilance and protection against infectious disease … But the date for this recovery to a new normal seems to keep getting postponed.