Let me start by saying straight out that I plan to use AI software ChatGPT to help me write this article. I will put any quotes that I use from it in italics.
First let's define what we mean by "Climate Change"
Climate change refers to long-term shifts in temperatures and weather patterns. These shifts may be natural, such as through variations in the solar cycle. But since the 1800s, human activities have been the main driver of climate change, primarily due to burning fossil fuels like coal, oil and gas.
The only thing we can have an effect on is the last part. "human activities have been the main driver of climate change". Some agree, and others disagree so this article will try to sort out the consequences of each point of view to perhaps help to make a rational rather than emotional decision about your opinion.
The article will examine both sides of the debate with a different approach than we are used to from public media.
Part 1 - I believe that climate change is being caused by fossil fuels - What if I am wrong?
Economic Repercussions
- Job Loss
- According to a Brookings report, nearly 1.7 million people worked in fossil fuel industries in 2019. The Energy Department report stated 2.3 million additional jobs were in energy transmission, storage, and distribution; a number that includes powerline and pipeline workers and more than 900,000 retail jobs, such as gas station workers and fuel dealers.
- Money invested in stocks and bonds of fossil fuel companies will be removed from the market and the companies will declare bankruptcy leaving many investors with losses.
- According to a report published in March 2021 by a collection of climate organizations titled Banking on Climate Chaos 2021, the 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020.
- Cities and towns dependent on neighboring fossil fuel operations will lose that source of tax revenue as will some of the business in these cities and towns.
- Projects to provide fossil fuel energy for the future will have been delayed or cancelled causing energy shortages. Existing facilities and pipelines may be abandoned and unusable.
Physical Repercussions
- Many current transportation vehicles would be scrapped and replaced with other clean fueled versions.
- Many petroleum products will be discontinued including plastics, lubricants and others. Substitutions would need to be developed.
- In the industrial sector, the petrochemical industry uses petroleum as a raw material (a feedstock) to make products such as plastics, polyurethane, solvents, and hundreds of other intermediate and end-user goods. Petroleum products are also used to produce chemical fertilizers, synthetic fiber, synthetic rubber, nylon, pesticides and insecticides, perfumes, dyes, paints, carbon black and sulfur.
Political Repercussions
- Tax revenue would suffer and need to be replaced.
- Fossil fuels provide substantial revenue to the US federal government and many states, tribes, and localities.
- Progressive party politicians who back the idea may suffer voter kickback and funding from those affected by negative economic outcomes. Elections may be lost.
- Conservative politicians who deny the premise may see this as a victory and ride a wave of confidence further to the right.
- General loss of confidence in political systems that back the premise may occur and cause difficulties in the future.
- Public opinion may move away from concepts of clean air and water thus allowing pollution policies to fall and setting back environmental movements.
- Your country may fall behind or lose power to countries who do not follow the trend away from fossil fuels and use the fuel as a bargaining chip.
Personal Repercussions
- You may lose your job for no reason if you work in the fossil fuel industry.
- You may lose your job in the future because you chose renewable energy as a career and it has failed.
- You may lose money on your investments in renewable energy companies.
- Friends and family may split apart because of differences of opinion and the "I told you so" arguments.
- You may lose credibility in your pier group.
Part 2 - I deny that climate change is being caused by fossil fuels - What if I am wrong?
Economic Repercussions
- Vast amounts of money will be spent on disaster relief and rebuilding.
- According to a report published by Reuters in April 2022, the federal government could spend an additional $25 billion to $128 billion annually on expenditures such as coastal disaster relief, flood, crop, and healthcare insurance, wildfire suppression and flooding at federal facilities¹. The United States faced 22 extreme weather and climate-related disaster events with losses exceeding $1 billion each last year alone – a cumulative price tag of nearly $100 billion⁴.
- Economic output will be reduced and growth stifled.
- According to a report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies, the effects of climate change can be expected to shave 11 percent to 14 percent off global economic output by 2050 compared with growth levels without climate change¹. The largest impact of climate change is that it could wipe off up to 18% of GDP off the worldwide economy by 2050 if global temperatures rise by 3.2°C⁴. If that happens, the economy of the United States would be as much as 7 percent smaller than in a world without climate change.
Physical Repercussions
- Crops will fail and warming will alter the environment. Land and animals will be lost.
- According to NRDC, if we don’t limit greenhouse gas emissions from the burning of fossil fuels, the consequences of rising global temperatures include massive crop and fishery collapse, the disappearance of hundreds of thousands of species, and entire communities becoming uninhabitable. Scientists have predicted that long-term effects of climate change will include a decrease in sea ice and an increase in permafrost thawing, an increase in heat waves and heavy precipitation, and decreased water resources in semi-arid regions. Climate change may increase the risk of some infectious diseases, particularly those diseases that appear in warm areas and are spread by mosquitoes and other insects.
- Sea levels will rise due to melting glaciers and ice fields.
- According to National Geographic, sea level rise poses a serious threat to coastal life around the world. Consequences include increased intensity of storm surges, flooding, and damage to coastal areas. In many cases, this is where large population centers are located, in addition to fragile wildlife habitats. Potential effects of sea-level rise include surface inundation of low-lying coastal areas and changes in the altitude of the water table and corresponding distance from the land surface to the water table (depth to water), the position of the freshwater/saltwater interface in the aquifer, and the volume of base flow in freshwater streams.
Political Repercussions
- Millions of people will need to leave their homes and migrate to areas where they can survive rising temperatures.
- According to Time, if climate change is left unchecked, bigger storms, unsurvivable heat and disappearing coastlines will leave billions displaced or struggling to survive. This would in turn create unprecedented strain on political and social institutions, not mention the global economy. No one really knows exactly how the fallout will occur. As climate change takes its toll on Earth’s physical planet, it will also cause social, economic, and political chaos as refugees flee areas that can no longer sustain them.
- Conservative party politicians who deny climate change may suffer voter kickback and funding from those affected by it (everybody). Elections may be lost.
- Progressive politicians who believe the premise may see this as a victory and ride a wave of confidence further to the left.
Personal Repercussions
- You may lose your job if you work in the fossil fuel industry.
- You may lose money on your investments in fossil fuel companies.
- Friends and family may split apart because of differences of opinion and the "I told you so" arguments.
- You may lose credibility in your pier group.
- Your home location may become unlivable due to extreme weather or pollution.
- Your home may be destroyed.
- You and your family may be dispossessed and forced to move.
- You and or loved ones may die.
Part 3 - I'm not sure so what should I do to increase the odds of a better life for me and my family?
- I think it's a sure thing that if we do nothing about fossil fuel use, the environment will get worse than it already is. Pollution is a bad outcome no matter what you believe in. Its proven and you can see the smoke in the air with your own eyes.
- If you go along with the majority of public opinion it is easier to move ahead in your life. A wise bit of advice from the investment community says "Follow the money". Going against the grain is not the easy solution to life in our societies.
- If you believe anything from the topics I have brought up here, you can see that not investing in a clean future could cause catastrophic repercussions if not for you, at least for your kids and grandchildren.
The world is changing, can't you see?The air is thick with CO2The ice caps melt, the oceans riseThe planet's future's in disguiseThe forests burn, the droughts persistThe storms grow stronger, can't resistThe climate's changing, that's for sureWe must act now, there is no cureWe must reduce our carbon footprintAnd find new ways to live and sprintWe must protect our planet's healthAnd leave behind a better wealthFor future generations to comeLet's make sure they have a homeWhere they can breathe and live and thriveAnd keep our planet's hope aliveSo let's unite and take a standAnd save our planet, hand in handFor we are all in this togetherAnd we can make it last forever!