I think the issue is that the costs of using fossil fuels are “external” to the purchaser, so a market solution doesn’t work until the negative externality of p

I think the issue is that the costs of using fossil fuels are “external” to the purchaser, so a market solution doesn’t work until the negative externality of pumping co2 into our shared atmosphere can be accounted for. It would be like expecting people who dump their industrial waste upstream in a river to be corrected by market forces - the market will probably choose that people don’t care about the down river people as long as they get their goods slightly cheaper. Also a wrinkle in a pure market based solution is that the US substantially subsidizes fossil fuels because I think the 70’s taught politicians that fuel price shocks will get them voted out immediately. https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...