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.
AT THE END OF TWO ERAS, HOT MARKETS NEED COOL THINKING
Unless you’ve been in a dealing-room on Wall Street or in the City of London (or, as in my own case, in both) during a market crash, it’s almost impossible to imagine quite how febrile and frenetic the atmosphere becomes. Rumours flourish and wild theories proliferate, whilst facts are scarce. Analysts are expected to provide instant answers, perhaps on the principle that even an answer which turns out to be wrong is of more immediate use than no answer at all.
It’s a sobering thought that the only financial market participants with any prior crash experience at all are those who’ve been working there for at least twelve years – and even they may have been lulled into complacency by a decade and more in which the working assumption has been that, thanks to the omnipotence and the…
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