If you hold shares in fossil fuel industries, whether coal, oil, or natural gas, or traditional car manufacturers, get out now!
And, if Lancaster, CA, is any indication of a trend, a “McMansion” will lose its value because it is powered by (a) fossil fuels, and (b) drawing on centralized power generation which will become increasingly expensive as utility companies’ customer base shrinks. And that assumes that the local municipality doesn’t orphan homes lacking solar power which, if adopted, will drive these homes value down faster.
Update, 11th February 2015
Apple is building a large solar farm in California to power all its operations there.
ecoquant
Reblogged this on OromianEconomist and commented:
‘The industrial age of energy and transportation will be over by 2030. Maybe before. Exponentially improving technologies such as solar, electric vehicles, and autonomous (self-driving) cars will disrupt and sweep away the energy and transportation industries as we know it. The same Silicon Valley ecosystem that created bit-based technologies that have disrupted atom-based industries is now creating bit- and electron-based technologies that will disrupt atom-based energy industries.
Clean Disruption projections (based on technology cost curves, business model innovation as well as product innovation) show that by 2030:
– All new energy will be provided by solar and wind.
– All new mass-market vehicles will be electric.
– All of these vehicles will be autonomous (self-driving).
– The new car market will shrink by 80%.
– Gasoline will be obsolete. Nuclear is already obsolete.
– Up to 80% of highways will be redundant.
– Up to 80% of parking spaces will be redundant.
– The concept of individual car ownership will be obsolete.
– The Car Insurance industry will be disrupted.
The Stone Age did not end because we ran out of rocks. It ended because a disruptive technology ushered in the Bronze Age. The era of centralized, command-and-control, extraction-resource-based energy sources (oil, gas, coal and nuclear) will not end because we run out of petroleum, natural gas, coal, or uranium. It will end because these energy sources, the business models they employ, and the products that sustain them will be disrupted by superior technologies, product architectures, and business models. ‘