entreVersity writes: Around the world, economic growth and entrepreneurial activity are inextricably linked to global warming. Safety on Earth is slipping away.. We have been wasteful of our time and now is the last chance to preserve life on Earth as we know it – the only option is innovation and enterprise to get it right. Entrepreneurs who understand the new climate reality – and are willing to invest in preparedness and risk management – are best equipped to seize opportunities. This brings us to Andrew Yang’s climate change plan.
Presidential candidate Andrew Yang is calling for a new form of Climate Change Entrepreneurship. ‘We’re the most entrepreneurial country in the history of the world. It’s time to activate the American imagination and work ethic to provide the innovation and technology that will power the rest of the world.’ America is a country of inventors, builders, entrepreneurs, and risk-takers. We need to unlock that energy to solve the greatest problem of our time.
Yang’s plan is similar to the two Stern reports from 2007 and 2014.
- The Stern Review, by economist Nicholas Stern of London School of Economics, states that climate change is the greatest and widest-ranging market failure ever seen. [ Stern, N., Stern Review Report on the Economics of Climate Change, http://web.archive.org/web/20081211182219/http://www.hm-treasury.gov.uk/stern_review_final_report.htm]
- In 2014, Stern and his colleagues in the Global Commission on the Economy and Climate published an update entitled ‘Better Growth, Better Climate: The New Climate Economy Report’. The latest thinking is that governments and businesses can now improve economic growth and reduce their carbon emissions. Rapid technological innovation and new investment in infrastructure are making it possible today to tackle climate change at the same time as improving economic performance. There is no need to choose between fighting climate change or growing the world’s economy. [Global Commission on the Economy and Climate, Better Growth, Better Climate: The New Climate Economy Report, http://newclimateeconomy.report/misc/downloads.
Yang seems to be following in this mold.
According to a plan rolled out Monday morning , Yang would invest billions in the private sector if elected to create technologies needed to curb carbon emissions, such as the creation of new nuclear facilities, and build electric grid resilience to achieve his goal of a “fully green” economy by 2049. The Silicon Valley entrepreneur would invest $50 billion in incentives for private companies to invest in grid infrastructure […]Yang, Andrew. “It’s Worse Than You Think – Lower Emissions, Higher Ground.” Andrew Yang for President (blog), August 26, 2019. https://www.yang2020.com/blog/climate-change/.
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