If Climate Change Is Real, A “Marshall Plan” is both Inevitable and Scary

C-MACC Weekly Sustainability and Energy Transition Report

If Climate Change Is Real, A “Marshall Plan” is both Inevitable and Scary

• 1st Topic of the Week: As high costs and politics work against climate initiatives, evidence of weather-related changes appears in some sea level data, sea temperature data, and, perhaps, more tangible, insurance rates for those in exposed areas. Weather is not bad enough and measurable as such to drive more aggressive climate mitigation action, but, if real, the longer the delay, the more the damage and the higher the cost
• 2nd Topic of the Week: Blocking the Nippon Steel/US Steel deal is counter to the Biden climate logic
• Otherwise – We look at opposition to recycling efforts, carbon credit trading, metals, and batteries

Exhibit 1: In a risk versus behavior analysis, the downside of ignoring real climate risk overwhelms other scenarios