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0 pointspjc502y ago0 comments

I remain infuriated that we had the confluence of:

- huge amount of very cheap money

- widespread availability of highly educated technologists

- knowledge of the climate model

.. and instead "collectively" ended up funding giveaway services to users and inflating the SF housing market rather than doing the climate Manhattan project.

(High interest rates are bad for renewables, because buying a solar panel is effectively buying 20-30 years of electricity upfront, and therefore hugely dependent on cost of capital and discount rates)

0 comments

coldpie2y ago

Yeah. Climate change would be dirt cheap to solve if we actually bothered to do it. The famously expensive Georgia nuclear plant cost less than 75% of what Twitter did. Juicero flushed $120M straight down the toilet.

zeroonetwothree2y ago

We would expect electricity prices to also go up faster with higher interest rates so it should roughly cancel out.

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