THOUGHT EXPERIMENT: Some 70% of people, depends how you ask, accept the global emergency. Climate system destabilisation is one aspect, declining biodiversity and increasing pollution is another. I ask: what would actually *break* if humanity responded decisively? 1/

Climate: a decisive response = cap on fossil fuel extraction and planned phase out. Fewer private car journeys, less electricity. Nothing would *break*. We still live and eat. There are alternatives and we can all cut back and share more. So what are we afraid of breaking? 2/
Pollution: reducing the above helps all that, cracking down on pollution and biodiversity loss will reduce materials consumption but changing and sharing we can still live on the planet. What would break? 3/
Most pollution and resource consumption is done by rich people. Billions of poor people live and thrive so the rich can too. Nothing will *break* there? 4/
Of course, a rapid reduction in resource consumption, less of most things and enough of the essentials for everyone will *break*something. Economic growth for one thing. But if that broke, what would *break*with it? 5/
I guess the economic system would break. Stop working. Jobs would disappear. If jobs go, people's lives get broke. So if we respond to the emergency by cutting back we know what gets broke. But wait. 6/
Most jobs disappearing doesn't HAVE to *break*anything does it? As a society we could reorganise. Society existed before jobs - that is a man-made construction. There must be plenty of alternatives: set up a government agency and employ everyone. There is always plenty to do. 7/
So what this little thought experiment tells me is we are all afraid of losing our jobs. Take away that fear and we can get on with dealing the emergency. Suggestions please! Nothing will *break* if anyone replies to my tweets sometime. I might even smile!8/8

More from Climate change

I don't have time to make this detailed, but here's a little thread about the world's first major politically-charged blackout that was blamed on renewables, in South Australia, in 2016............

On September 28, 2016, an unprecedented tropical storm progressed rapidly across South Australia. Truly - this thing was unusual. The sky folded in on itself. It tore towns to bits.


Australia's @climatecouncil pointed out that the storm was so unusual at least partly due to the influence of climate change, and that this is due to get worse.

https://t.co/76ekkfJpR8


I'm going to use brief snippets from my book to fill this out! The storm's primary impact on the grid was the destruction of several major transmission lines. When I say destruction - I mean they snapped like twigs.


Here's what happened in the following seconds:

- A voltage spike from the line falls
- Wind turbines automatically shut off due to software settings that trigger shutdown during a spike
- The interconnector to Vic tried to compensate, failed and died
- All of SA blacked out
The UK government's climate advisory body is launching its next carbon budget: basically, outlining what the UK can emit between 2033 and 2037. It's a big deal - launch video starting right now.
Watch along:


Will tweet along snippets. Pretty relevant to...............everything, really. #UKCarbonBudget

"Instead of being just a budget, it's a pathway we have to tread to reach net zero in 2050" @lorddeben

Just like quite a few other modelling exercises, CCC use a spectrum between behaviour change and between technological change. #UKCarbonBudget.

Both = best (just like @AEMO_Media's Step Change scenario in their ISP)


'Balanced' is what they use for their recs. "We're doing 60% of the emissions reductions in the first 15 years, and then 40% in the next".

The slinky kitty curve....good to see. No evidence of delaying action to Dec 29 2049, here. #UKCarbonBudget


"By front loading, we're minimising the UK's contribution to cumulative emissions" - really important point. A slow path to net zero - more climate harm than a fast one. #UKCarbonBudget

You May Also Like

MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold