“For every £1 invested in protecting nature, you’ve got £30 spent trying to degrade it... So that’s a political choice and it’s not a lack of finance. It’s where it’s used.” - https://www.removepaywall.com/search?url=https%3A%2F%2Fwww.theguardian.com%2Fenvironment%2F2026%2Fsep%2F10%2Fclimate-crisis-tipping-points-energy-environment-report
But it's not 'a political choice', is it ? Investment simply flows where the returns are likely to be bigger, quicker.
The problem is systemic. It lies in the fundamentals of the joint-stock company model, which facilitate remote shareholding only interested in returns. It lies in lightly regulated stock markets that enable fund managers to switch investments easily - so what if the oil runs out ? - take the profit while you can then switch to something else before it crashes. It lies in norms and regulations that actually require fund managers to maximise returns now, not sustainably. It lies in your private pension, that they manage - and in the neoliberal privatisation of pensions and savings that has moved investment and assets out of the public sector into the private on a truly massive scale over recent decades.
What choice, exactly, is it that politics has ? Where, in this systemic maze, should we intervene to redirect investment where we know, for certain, it has to go ?
@GeofCox
That’s what tax should be for.