How to avoid a climate disaster and what microfinance can do

  • Manufacturing: to produce 1t steel, we emit 1.8t CO2. To make 1t cement, we produce 1t CO2. Plastics are made of oil and natural gases.
  • Electricity: To produce all the electricity by solar energy only, it needs 1000km x 1000km land (if it’s oil/nuclear, it’s 100km x 100km only). Unlike oil, renewable energy power plants are built in remote places, so transmission costs money too. Also, they are intermittent (e.g., Sun doesn’t light during the night), so we need to charge electricity to batteries, which cost much.
  • Agriculture: Total cow burps equal 2 bn ton CO2. Fertilizer 1.8bn ton. When we cut down trees, the soil emits big CO2.

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Taejun

Taejun

Founder & CEO, Gojo & Company, Inc.