The Old Hand: we are all responsible!

5 year old: ”Daddy why aren’t we allowed to wash the car together like we used to do before?” Father: “It’s been that way for the last few years, son. It’s because our planet is heating up and we have to be careful how we use water.” 5 year old: “Daddy, why is our planet heating up?” Father: “Son, because man is producing a poisonous gas called carbon dioxide that destroys an invisible protective layer around our planet called the ozone layer. It’s like a force field. When it’s broken, the sun heats our planet too much. That’s why it’s hot and that’s why we aren’t allowed to use water to wash the car anymore.” 5 year old: “Daddy, why don’t we just stop making the bad gas then?”

Yes indeed. Why don’t we? The answer to that question is politics and economics. At this point you are probably wondering what this has to do with technology trading. Please bear with me for a moment because it is having, and will continue to have, an immense impact on our beloved trading business, be that directly or indirectly.

I was reading a very interesting article in “The Journal Of Cleaner Production” and I quote: “The total global footprint of carbon dioxide production of the technology and smartphone business is expected to grow from about 1% in 2017 to 3.5% by 2020 and reaching 14% by 2040. This is more than half of the relative contribution of the entire transportation sector worldwide.” WOW!

At this point you may sit back and say to yourself, “I don’t believe that global warming exists” or “I don’t believe that global warming is caused by carbon dioxide. It’s all a big conspiracy!” Well, let me tell you that science absolutely confirms the existence of global warming caused by the overproduction of carbon dioxide. Not only that, but reports also states that if we don’t change the way we live our lives, then the effects of global warming will be irreversible by 2036. Some scientists actually believe those effects are already irreversible.