Garvin Jabusch

@ramez The tell was never the growth rate. It's what the growth rate does to terminal value. One of these curves compounds. The other pays a fat dividend to keep you from looking at the slope. Invest in the exponent, not the eulogy.

Renewable energy production grew faster than that from oil, gas, or coal in 2025. The remarkable thing about this graph is that it isn't just electricity. It's all energy, including power, transport, heat, and industry. The times, they are a changin'.

3/PS: financialization didn't solve itself. The AI capex boom is what capital looks like when it finally escapes financialization — and that's one sector. The rest of the market is still cap-weighted autopilot betting on incumbents. @hamandcheese

2/It's the biggest new electricity load in a generation. Those of us who want post-scarcity inside planetary boundaries don't see AI as the rival to that goal — we see it as the tool required to hit it.

1/You're half right: the "green transition" framing was always weak. But the weakness was calling it green — not calling it necessary. Reframe it as an energy buildout priced by physics instead of virtue, and the AI boom isn't the alternative to it. It's the accelerant.

4/You've made the definitive case that we have the fuel — I'd argue you've mistaken it for the reactor. notboring.co/p/americas-nex…

3/Stay zero-sum and you don't get Star Trek; you get the same tribalism w/better weapons. You enrich uranium, so you'll get this: fuel without containment isn't a reactor. It's a bomb. Abundance is the fuel. Positive-sum culture is the containment vessel.

1/ @ScottNolan "America's Next 250" is the best case I've read that energy is the master variable of the next 250 years. I agree with almost all of it — which is exactly why I want to pick one friendly fight. 🧵

We're excited to share the latest episode of Dollars & Change featuring Garvin Jabusch from Green Alpha Advisors discussing #SustainableInvesting, #Greenwashing, and much more! Enjoy!!! @Garvin1313 youtube.com/watch?v=nnIby4…

The Semiconductor Imperative: Redefining Sustainable Investing greenalphaadvisors.com/the-semiconduc…

Hey guess what? It's damn near 2024 and the kids are pissed off that we didn't start fixing the climate crisis decades ago. They should be. greenalphaadvisors.com/a-storm-inside…

the way to change the economy is to radically change the direction and velocity of new capital investments, away from destruction and towards regeneration. Not the same as ESG. greenalphaadvisors.com/investing-in-t…

'trillions for financial stability...well nigh a trillion dollars on the Pentagon budget and foreign security, a few hundred billion per annum on Bidenomics and new industrial policy...and a pittance for the global climate fund. That gives you an idea of priorities' @adam_tooze

@AlexSteffen IMO, individual behavioral change was never going to work. As a rule, I believe that if your theory of change requires a change in human nature, it is a non-starter. Systemic change, actualized by capital flows, is the only approach that was ever going to work

This planetary reality also means that there is no time for cultural change to create widespread action through individual behavior change.

@drvolts Got to wonder how much higher that multiplier is for humans. You know, cuz we don't fly. 200x?

Remember this: the crazies on the far right and left are the minority in the real world. They dominate social media because it is anti-social & rewards behavior that would leave you with no friends in reality. But they are hard to find if you lift your eyes up from your phone.

Thanks for reading, @JRogrow

Just read @mustafasuleyman's #TheComingWave 1. Pace of AI/biotech leaves no sector unchanged. New era of innovation 2. Must overcome biases that dismiss downside risks 3. Containing progress is unrealistic. Can't stifle innovation, only shape it My review: greenalphaadvisors.com/ai-and-the-war…

@GregorMacdonald Professor Farnsworth is very candid on this subject

The only reason to do energy transition and fight climate is for us, for human survival. But if you're ambivalent about whether the human project is worth it, it would make sense if you feel a kind of fatalism about trying to save us.

Solar deployment is now happening at a roughly $500B annualized rate. Which technology deployments were larger than this? The US's aircraft production during WWII seems to have peaked at maybe $400B (inflation-adjusted). Global datacenter construction appears to be maybe $200B/year.