alt Hacker NewsPetromonarchies invest a lot into alternative asset classes: semiconductor industry, logistics and shipping, power electric machines, biomedical development, etc. Renewables are in the list, too.
Petromonarchies invest a lot into alternative asset classes: semiconductor industry, logistics and shipping, power electric machines, biomedical development, etc. Renewables are in the list, too.
Most of those are things that depend on cheap energy [mostly oil] today. Only renewables do not, and it is questionable if we will transition fast enough to not collapse society for lack of energy (though this is looking good)