Tuesday 7 May 2024

ARE THE BANKS WAKING UP TO THE ENORMOUS COST OF NET ZERO?

It would appear that some of the world's biggest banks are now backing away from their previous policy of arguing for achieving net zero as soon as possible. This is welcome news, but it does not put them in a very good light for having shown such poor judgment in the first place. Is the bubble about to burst? I think it will be more like a gradual shift to net zero further into the future. Sometime, never. But not until a huge amount of money has been wasted.

Surprise! The World’s biggest bankers are suddenly energy pragmatists « JoNova (joannenova.com.au)

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