According to #Copernicus, Sunday 21st July 2024 was the hottest day ever recorded globally in 100,000 years—and yet I still have trolls telling me that because they are having a cloudy summer in the #UK, global warming doesn't exist. It does - and it's accelerating. #climate
Look at the explosive growth and falling costs of batteries, solar and wind in the chart below…the numbers are really impressive.
This is why I think we will have a near zero marginal cost of energy by 2030. The incremental cost of generating power will approach ~$0.005/kWh in this time frame - essentially making power free and abundant.
The big issue will be the realized cost of this energy and will demonstrate, especially in the US, the decrepit and costly delivery infrastructure from the incumbent utilities. All of this translates into higher prices which makes no sense (see image).
My bet has, and will continue to be, that more and more of power will be generated by individuals using solar PV + battery packs in their home.
The pull through from EVs will also help accelerate this trend.
So whether you want a Tesla and end up with solar and battery or you simply want lower energy costs and break away from your utility, many Americans will end up in the same place: they will become a mini utility that makes power from the sun and uses it to power their lives.
Now, one thing we will save for later is the tipping point of insolvency for utilities as this trend really accelerates: how do they pay for their debt when enough people generate their own power and quit the utilities?
This is a multi $T default in the offing…likely in the 2030-2040 timeframe.
Interesting video on AI and societal impact. The "Godfather of Artificial Intelligence," John McCarthy, speaks on the impact and potential of #
#AI on soceity — some of which is just years away. #ESG investors should engage on AI impact on society.
https://t.co/2DKjWoLetd
Silicon Valley Bank has 50% of US VC-backed startups as customers
There are over 130,000 VC-backed companies, according to PitchBook.
That's nearly 65,000 startups that used SVB.
There must be a respect for human life. This young English teacher was in a car accident and had an anxiety attack and somehow he ended up tased to death by LAPD
Simplest and best tribute to exemplify the Barbara Walters legacy :
On her final show on The View, they just brought one female journalist after another to honour her. All ages, races, from NBC to FOX, to say thank you. She’s completely overwhelmed and touched.
The Bahamas blames industrialized nations for a series of devastating hurricanes that have left it deep in debt, as it seeks to sell $1 billion in carbon credits this year (via @climate) https://t.co/96YHEcKOgZ
Talk about erasure @CNNnewsroom — @yuhline and Dan Goldman are neck and neck too close to call in #Ny10 and the CNN headline is “Goldman Leads Mondaire Jones in 10th District”
#WTF???
We can keep trying to ignore the fact that NYC is in another covid wave. But now things like this are starting to happen again…
https://t.co/7rROu4Ajse
It's always "$600 checks two years ago and 50-cent raises for workers are causing inflation"
and never "$3 trillion from the Fed to bail out the stock market, $1 trillion in annual corporate stock buybacks and a 1,322% rise in CEO pay since 1978 are causing inflation"
“Interviews with Black VCs illuminate the difficulty of making a difference in tech industry that often refuses to acknowledge the problem; the frustrations of seeking to be recognized for their work irrespective of race“
#venturecapital#diversitymatters https://t.co/tArto2yYkj