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Traffic and Pollution Plummet as U.S. Cities Shut Down

nytimes.com

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Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#4
I’ve been thinking a lot about the next looming crisis: Climate Change. On Bloomberg radio a few weeks ago, an analyst / money manager was talking about how his firm was looking at satellite imagery of pollution in China to measure their economic recovery. More pollution == “better”. Something is clearly unsustainable with that formula.

Like the virus, the longer we wait to take action, the more expensive it is and the narrower our options become. It seems more and more that there’s an illusion of public debate, while behind the scenes a decision has been made in favor of [adaptation]. I find that deeply sad.

The world has pressed the pause button for a moment. What it looks like on the other side of this crisis is in question. My (fools?) hope is that it makes us reflect on the fragility of the system we’ve created, the importance of global cooperation, democratic values, and what kind of future we want for ourselves and our kids.

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#5

Is anyone else wondering if the shutdown for COVID-19 will have a significant impact on carbon emissions? If it does, then it could actually save far more lives than it takes.

I doubt the shutdown will be long enough to have significant long term impact.

But maybe it will give people an appreciation for how nice the world can be with less pollution. A shift in attitude could cause long term changes in our tolerance for pollution.

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#6

Is anyone else wondering if the shutdown for COVID-19 will have a significant impact on carbon emissions? If it does, then it could actually save far more lives than it takes.

Excellent thinking!

Now if we could only make sure it strikes the right people it'd be a perfect solution to major problems facing humanity

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#7
post #4

I’ve been thinking a lot about the next looming crisis: Climate Change. On Bloomberg radio a few weeks ago, an analyst / money manager was talking about how his firm was looking at satellite imagery of pollution in China to measure their economic recovery. More pollution == “better”. Something is clearly unsustainable with that formula. Like the virus, the longer we wait to take action, the more expensive it is and t…

> while behind the scenes a decision has been made in favor of mitigation

You probably mean adaptation?

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#8
post #5

Is anyone else wondering if the shutdown for COVID-19 will have a significant impact on carbon emissions? If it does, then it could actually save far more lives than it takes.

I doubt the shutdown will be long enough to have significant long term impact. But maybe it will give people an appreciation for how nice the world can be with less pollution. A shift in attitude could cause long term changes in our tolerance for pollution.

maybe it will also serve as a reminder that there are things outside the economy that we should really be taking care of

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#9
post #4

I’ve been thinking a lot about the next looming crisis: Climate Change. On Bloomberg radio a few weeks ago, an analyst / money manager was talking about how his firm was looking at satellite imagery of pollution in China to measure their economic recovery. More pollution == “better”. Something is clearly unsustainable with that formula. Like the virus, the longer we wait to take action, the more expensive it is and t…

Wow. Wouldn't want to invest with that money manager. If that signal wasn't already well known, giving away secret sauce in a public interview is not a recipe for outsize returns. But it is a well known signal so it's even less useful for investing.

If I've learned anything about the climate crisis from COVID-19, it's that we aren't going to solve the climate crisis unless it's more convenient to do so than not. COVID is a much more pressing problem than climate change and we didn't do anything about it until after it was already a catastrophe.

Re: Traffic and Pollution Plummet as U.S. Cities Shut Down

#10
post #4

I’ve been thinking a lot about the next looming crisis: Climate Change. On Bloomberg radio a few weeks ago, an analyst / money manager was talking about how his firm was looking at satellite imagery of pollution in China to measure their economic recovery. More pollution == “better”. Something is clearly unsustainable with that formula. Like the virus, the longer we wait to take action, the more expensive it is and t…

> while behind the scenes a decision has been made in favor of mitigation You probably mean adaptation?

Thanks, it’s early here. Fixed.
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