- Dec 2022
think I would add complexity and the fragility of six continent supply chain. The inability of global leaders to actually say some of the things that you're saying, 00:09:30 because that would cause a phase shift in how we approach the resource situation. I would add that everything is optimized for growth, and we will kick any possible can forward. So the default would be to grow a bigger global system using more fossil fuels and more renewables, 00:09:54 even with renewables growing at a faster rate. And in the process of decarbonizing our energy source, as you pointed out, we will re-materialize our mineral product source on the manufacturing side.
!- summary of challenges : Nate's additional comments - complexity, fragility of global supply chains, global leader stuck on dangerous economic growth story
So now we are in a situation where we want to build a new system. And that system is going to be built with really, really fragile and expensive energy. No sorry, ineffective and expensive energy using a fragile finance system. It's probably a better way to say it. So our finance sector is not in a fit state to engage in industrial reform. And now we're also finding because energy's becoming a problem, and natural resources 00:06:52 are decreasing in grade, and getting harder to get hold of. So our ability to bring more resources online are getting harder and harder. At the same time, we have a massive pollution stream that is historically unprecedented and an environment that is deteriorating, that's the only way to describe it. Deteriorating at all levels. And we've got an unprecedented number of human population embedded in this system.
!- summary : current challenges - have to quickly build an entirely new system but... - fragile, expensive, low EROI, scarce energy - fragile financial system not fit for industrial reform - scarce and insufficient mineral resources - massive pollution stream - environmental degradation at all levels - unprecedented human population