It’s about far more than past energy use, a stocktaking and also a reconfiguration of the way Risk is weighted and the opportunity cost of ENergy Investment capital is required.
There are several scenarios which are possible going forward at the coming inflexion point. So-Called De-Growth is but one of those.
At 10-43 this is the crucial point what is the purpose of the banks, what are the end goals or objectives of Banking or the wider financial system and how do we best regulate with those stated aims in the forefront. Excellent Video.
I have been trying to make a point regarding the opportunity cost of energy available for investment
this is the same point as applied to Basel 2 and Basel 3.