Climate Fiasco
Chances are that wherever you are in the world right now, you are experiencing record heat. Recently, Death Valley recorded the hottest temperature ever globally, and heat advisory warnings are in effect in virtually every country. As you expected, this is a result of global warming, the gradual heating of the Earth’s surface and oceans. Through the process of industrialization and pollution, the Earth has been warming at an alarming rate.
This was further contextualized with the report released by the United Nations on Monday, which provided a dark but honest outlook on climate change. Through thorough research, they concluded that changes such as rising sea levels and warming oceans are already playing out, and as a result the effects are irreversible for centuries to come. Along with that, we are slated to pass the two degrees Celsius threshold by the end of this century if global warming continues at the current rate. Overall, scientists believe that no matter what we do, the future will always be hotter.
However, it isn’t necessarily the end of the world. The UN emphasized that these changes can be slowed down with a decrease in emissions globally, and governments throughout the world have started to discuss climate policy. As investors, policy often gives us new opportunities, and that is the case here. When it comes to electric vehicles, you can choose a giant like Tesla, a small company like Fisker, or a gas vehicle giant like Ford who aims to penetrate the market. What will you do to help the environment?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
