Carbon Bubble concept is a very interesting one, clearly supported by most climate hawks but somehow questioned too in other cases as: “Carbon Bubbles — Who’s Kidding Who?“. The concept is a translation from financial or housing bubbles. Bubbles are wonderful, the grow and grow until they explode, it is a very well-known concept in the south of Europe recently and in many other places along history.
So, what would be a carbon bubble? It is simple, even if the estimations of fossil fuel reserves are correct a great part of them should not be used if we do not want to enter in a really catastrophic climate change, so they should be useless and the companies that own them not so worthy.
Yet, this idea is not mainstream in any stock market or society and the oil or gas deposit continue to be considered as valuable as ever or more. This is a contradiction for many as climate change is widely recognized (even for oil companies) as a threat, the question is that most uf us in OCDE theoretically recognise climate change as a scientific fact but do not go further to consider it a vital challenge of our generation, and this is the problem. While this problem persists the carbon bubble will remain wandering harmless and several people will have to insist in the need of urgent action..
From honeybeesandhelium blog
My second son was born two weeks ago, so I have and will have less time to blog. But precisely because of my sons I am more and more convinced that we have to raise the consciousness of every people in the world about the dangers of climate change and the ways to fight it, because it is possible, not easy, but possible to reduce our emissions and avoid a more extreme form of change.
The recent news about passing the 400 ppm of CO2 in the atmosphere has been another expected step in this process. It was a question of time and 400 is not much more than 397 but we are used to be moved by symbolic numbers and this is one of them, in fact, the accepted “secure ” co2 concentration has moved from 350 to 450 untill 550 ppm now. So 400 is significant.
It is not the magic number that changes everything as explained here, if there is a tipping point in climate change (difficult to know) most experts locate it higher, however it is important because it shows clearly that the show is going on in the wrong direction and it is useful to make everyone more conscious of that due to the media covering. So, the question is:
Will this child enjoy a reasonable climate and future because we acted while he was young or will he witness a mess caused by our inaction?