Invest, Divest: Renewable Investment to Hit $630 Billion a Year in 2030, Fossil Fuel Stocks at Risk Today

Bloomberg New Energy Finance has a piece for investors on how the smart money is beginning to notice the quicksand on which fossil fuel stock prices are built.

BNEF founder Michael Liebreich posed a good news, bad news story last April:

“By 2030 the growth in fossil fuel use will almost have stopped,” Liebreich told renewable-energy investors…. “We’re told that it needs to happen by 2020” in order to prevent irreversible climate damage.  “That won’t happen.  But by 2030, it pretty much will.”

Yes, homo “sapiens” will miss by just 10 years or so the window to avert catastrophic climate change — resulting in possibly hundreds of years of misery for billions and billions of people.  The tragic irony is the fossil fuel industry is essentially doomed no matter what — but humanity wouldn’t be, if we were just a tad more “sapiens.”

Invest, Divest: Renewable Investment to Hit $630 Billion a Year in 2030, Fossil Fuel Stocks at Risk Today