The climate is going to get worse and it will have impact on all of us and our children, that’s for sure now. The transition to clean technologies is still not fast enough. But there could be a bit of optimism, as it seems, despite the COVID year, the pace of transition is finally changing.
2020 Climate optimism
World’s largest Coal company is struggling with money, with no view of better times in the future.
140 financial instutions globally are leaving support of projects in coal, oil, LNG, fossil gas, oil sands, and Arctic drilling.
Solar became the cheapest power source in 2020 and it will get even better with technology progress around the corner.
ExonnMobil: one of the oil giants which did not come with any carbon-neutral strategy for the future is planning to cut 14.000 jobs.
This year, for the first time in history, he did not raise dividends and was removed after 92 years from S&P 500 stock index.
This year, there will be 200gw milestone of renewable power generation reached globally. Also 90% of new sources are from renewables and only 10% from fossil.
And it’s mid November, 2020 is not over yet. Seems like mankind is finally turning the wheel into sustainable future. Greta will have happy Christmas 🙂
Game Changer 