'If history repeats itself, then we aren't at the precipice of a new era. We're at the beginning of a bubble.'
. I clicked through different organizations' climate websites, from the United Nations to Chester County, Pennsylvania. What I kept finding were—and countless PDFs. So many nicely formatted, map-laden, chart-packed, grant-funded artifacts of bureaucratic love. My computer was bursting with them.
Sometimes, as I scrolled down the list, a big investment would catch my eye—$60 million for a company that promises to take carbon dioxide out of the air, $68 million for one that will turn it into fuel and materials. But the funding thins out quickly. It's easy for investors to get distracted; there are just so many butter knives we could wield against the dragon of global collapse.
Worse, if my déjà vu is accurate and history repeats itself—if the internet was the last big thing, and climate is the next big thing —then we aren't at the precipice of a new era. We're at the beginning of a bubble. The trillions in investment have to go somewhere. By the time all the money is spent, the companies in my ebook will probably be gone, save for a few dozen. Rolled up, evaporated.
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