I've been thinking of writing a post entitled "Now would be a great time to buy an electric car."
Or, alternatively, "Now would be a great time to start riding your bike."
Or "Now would be a great time to divest from fossil fuels."
Or, for that matter, "Now would be a great time to start walking to work."
Truthfully, now would be a great time to do any and everything that reduces our reliance on fossil fuels. With an apparent winning streak underway for those who would perpetuate our dependency on polluting and increasingly outdated technologies, it's important that those of us who do believe in climate action don't lose sight of the very real momentum for a low carbon transition that's already well under way.
Of course, critics of divestment have and will again claim that there's a willing new investor for every "ethical" fund that chooses to withdraw. I suspect, however, that this thinking may eventually hit a wall. Given how quickly the number of countries pledging to completely eliminate coal use has grown, given how fast renewable energy is progressing, and how much momentum there is behind electrified transportation—investments in fossil fuels are starting to feel like increasingly risky bets.
True, a low carbon transition will take a long time. Yes, there's still money to be made in the short and even medium term from businesses related to fossil fuels. But given the potential wide-ranging disruption that clean tech could play in the economy, how much exposure to polluting technologies are investors going to be comfortable with moving forward?