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Don't you issue bonds at the market rate? What should a truly green government do instead?

• lotsofpulp 5y ago
  Not issue bonds at all. The only response that could have made a meaningful difference to climate change in a meaningful timeframe was curtailing consumption of fossil fuels and other sources of emissions. That would necessarily curtail consumption, and hence run counter to all the economic growth assumptions that governments have used to make various promises about expectations of future quality of life. Bottom line is it’s politically impossible to address climate change. The solution would have been to tax fossil fuels sufficiently so that it would reduce emissions to whatever levels we could have afforded, but that would have caused a lot of pain in the short term with people having to give up a lot of niceties of modern life.