It takes gigadenial to believe gigafactories will save us.
Isn’t it interesting that the only scenario that might keep us below an extinction threatening 4-6 degrees C, and the only scenario that is probable, namely economic collapse, is the only scenario that climate scientists have not studied?
Economic collapse is an important scenario to study because most people in the developed world consume far more of everything than is required to subsist and therefore could survive some level of economic collapse.
On the other hand, most people will not survive if economic growth continues as desired (or even if growth slows) because the size of our economy is creating a climate incompatible with civilization.
Economic collapse will cut CO2 emissions (good) but also sun blocking pollution (bad). It’s not clear which force is the most powerful. This means economic collapse could save us, or it could make things worse.
It would be useful to know if economic collapse is on balance good or bad when we are asked to vote for candidates that promise to continue to print money to avoid collapse.
In case you are not aware, the amount of money printed by central banks to prop up assets recently increased to about $300,000,000,000 per month worldwide. That’s about $1.50 per day for every person on the planet conjured out of thin air, and is the only reason things seem to be sort of ok, and why real estate and stocks continue to rise despite poor fundamentals.
Unfortunately the printed money is not increasing the incomes of the poor and middle class because of reasons associated with the depletion of inexpensive fossil energy that are discussed elsewhere on this blog.
Rising asset prices and stagnant incomes means the wealth gap between the rich and poor is widening which is causing social unrest to build as demonstrated by recent unexpected election and referendum outcomes around the world.
It’s an open question rooted in emotions and herd behavior as to how much longer money printing will stave off economic collapse.