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Innovation is not magic; it is the product of investment. The time to innovate was 20 years ago; now it's effectively too late. The climate has already changed and the rate of change is not slowing. We will "innovate", all right, by necessity, and ride it out as best we can; but we can't innovate our way back to the climate we had before.

the "too late" death bell has been ringing since antiquity.

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