The wildfires scorching the region around Los Angeles are likely to be the most expensive in history. But, future climate change-related disasters will certainly top them in cost. Here are some steps…
Sunk cost fallacy.
They have already invested so much in fossil fuel infrastructure that they feel that if they give up now, they would have wasted all their money.
The fact that that the money is wasted whether they pivot to renewables or not something they consider.
In fact, if they can lever their existing infrastructure they can be much more competitive than any new renewable energy provider.
Sunk cost fallacy. They have already invested so much in fossil fuel infrastructure that they feel that if they give up now, they would have wasted all their money.
The fact that that the money is wasted whether they pivot to renewables or not something they consider. In fact, if they can lever their existing infrastructure they can be much more competitive than any new renewable energy provider.