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If technology becomes good enough, the policy problem is irelevant. Once solar and wind, without any subsidies, are cheaper than coal, then societies will swit
by stale2002 8y ago
If technology becomes good enough, the policy problem is irelevant.
Once solar and wind, without any subsidies, are cheaper than coal, then societies will switch purely out of self interest.
No prisoner's dillema solution needed.
- nathan_long 7y ago> Once solar and wind, without any subsidies, are cheaper than coal, then societies will switch purely out of self interest. If coal prices included the negative externalities costs - in other words, if we charged coal companies for dumping their trash into our collective air instead of subsidizing them by letting them do it for free - it would greatly change the price comparison. Then the market would likely do the rest.