“You have not seen anything yet.”–Greta Thunberg

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Swedish activist Greta Thunberg marched with 10,000 protesters in the Swiss city of Lausanne on Friday and demands action. She warned leaders, “You have not seen anything yet”.

In her brief speech, Greta noted that we had entered a new decade, and there are no signs whatsoever that real climate action is coming. This inaction, she says, “has to change.” She is taking this message with her to Davos next week.

Young people have been striking every Friday for over a year. They are fighting for their right to a future.

https://youtu.be/9GRq-1g6go8

Australia Fires: Climate Change Increases The Risk Of Wildfires

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UK researchers examined 57 research papers published since the last major review of climate science in 2013 and they find climate change increases the risk of wildfires. The scientists say the recent fires in Australia are a taste of what the world will experience as temperatures rise.

“The average temperature in Australia in December 2019 was exceptionally hot compared to the historical record, and played a key role in the severity and spread of the recent bushfires. Those temperatures would be normal at nearly 3C global warming.”

–Richard Betts, Chair in Climate Impacts at the University of Exeter and Head of Climate Impacts in the Met Office Hadley Centre

Blackrock To Make Investment Decisions With Sustainability As Core Goal

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Larry Fink, founder and CEO of Blackrock, the world’s largest investment firm, announced in his annual letter that BlackRock will make investment decisions with environmental sustainability as its core goal.

“Every government, company, and shareholder must confront climate change.”

–Larry Fink, founder and CEO of Blackrock

The letter was written through the eyes of a capitalist and not an environmentalist. Climate change will require a huge energy transition. There will be a long-term trend that will have an impact on the valuation of companies and industries. The letter seeks a focus on transparency and redistribution of capital to prepare for the transition.