The term "black swan" was popularized in 2007 by Nassim Nicholas Taleb, meaning unpredictable large-scale events with major and negative implications, which society rationalizes in hindsight to seem as if they could have been predicted from the beginning.

Examples of black swans include the ongoing COVID-19 pandemic and Russia's invasion of Ukraine, among other examples.

In a more positive follow-up to the term that calls the world to action against climate change, Author John Elkington later introduced the concept of the "green swan" in the 2020 book Green Swans: The Coming Boom In Regenerative Capitalism, according to Forbes.

In the book, Elkington defines green swans as "solutions that take us exponentially toward breakthrough," later adding that they are "systemic solutions to global challenges, solutions that tap into positive exponentials."

These events, as Elkington details, are larger than a single person or company, and can’t be predicted, though they result in necessary, positive impacts, unlike black swans. Rather, green swans encapsulate broader leaps in progress such as the mainstream adoption of electric vehicles, a burgeoning movement that has been spearheaded by Tesla and Musk.

The life-cycle emissions of E.V.s are vastly lower than those of internal combustion engines across the supply chain, but real change begins when consumers can afford them en masse.

And as Elkington also explains, more green swans are needed to make a dent in the current climate crisis. Another important example of a green swan may include the move away from fossil fuels in markets worldwide.

Just last month, Financial Times reported that the combination of clean energy sources from solar, wind, hydro, nuclear and bioenergy produced more electricity worldwide than coal in 2021 for the first time ever, a win in the face of a complex web of climate challenges.

It’s tough to predict what "ugly ducklings," as Elkington calls them, may turn out to be green swans after all, which is the point of the concept's unpredictability as defined by Elkington.

Source: Re-posted and Summarized from Zachary Visconti at EVANNEX.

My Take: Tesla has moved the auto industry 20 years ahead by forcing them to do what they were avoiding. Good for Tesla.

Re Posted From: Does Teslas Success Represent a Green Swan Event?

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The term "black swan" was popularized in 2007 by Nassim Nicholas Taleb, meaning unpredictable large-scale events with major and negative implications, which society rationalizes in hindsight to seem as if they could have been predicted from the beginning.

Examples of black swans include the ongoing COVID-19 pandemic and Russia's invasion of Ukraine, among other examples.

In a more positive follow-up to the term that calls the world to action against climate change, Author John Elkington later introduced the concept of the "green swan" in the 2020 book Green Swans: The Coming Boom In Regenerative Capitalism, according to Forbes.

In the book, Elkington defines green swans as "solutions that take us exponentially toward breakthrough," later adding that they are "systemic solutions to global challenges, solutions that tap into positive exponentials."

These events, as Elkington details, are larger than a single person or company, and can’t be predicted, though they result in necessary, positive impacts, unlike black swans. Rather, green swans encapsulate broader leaps in progress such as the mainstream adoption of electric vehicles, a burgeoning movement that has been spearheaded by Tesla and Musk.

The life-cycle emissions of E.V.s are vastly lower than those of internal combustion engines across the supply chain, but real change begins when consumers can afford them en masse.

And as Elkington also explains, more green swans are needed to make a dent in the current climate crisis. Another important example of a green swan may include the move away from fossil fuels in markets worldwide.

Just last month, Financial Times reported that the combination of clean energy sources from solar, wind, hydro, nuclear and bioenergy produced more electricity worldwide than coal in 2021 for the first time ever, a win in the face of a complex web of climate challenges.

It’s tough to predict what "ugly ducklings," as Elkington calls them, may turn out to be green swans after all, which is the point of the concept's unpredictability as defined by Elkington.

Source: Re-posted and Summarized from Zachary Visconti at EVANNEX.

My Take: Tesla has moved the auto industry 20 years ahead by forcing them to do what they were avoiding. Good for Tesla.

Re Posted From: Does Teslas Success Represent a Green Swan Event?

Auto Helpers