Climate relativism: adapt, don't mitigate

On 11 December I attended a presentation by professor Johan Albrecht of Itinera Institute. He talked about "Climate relativism" which is also the title of the book (at this moment only available in Dutch) he wrote on climate change and its effects on the economy. His ideas on this matter can be summarized as follows:

• Scarcity of fossil fuel can create new opportunities for innovation.
• Radical innovations are coming in which CO2 is used as a resource (e.g. to promote algae growth).
• Adaptation to climate change is better than mitigation of our economic growth.
• The IPCC scenarios do not take into account the effects of this market-driven adaptation.
• Only entrepreneurship can provide us with the innovations which will be necessary to adapt to climate change.

Here are the last 15 minutes of his talk, in which he focuses on mitigation versus adaptation and how transitions in energy production can create new wealth. Press the green "play" button to hear the talk while watching the slides.

link to watch video