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Climate change is an unpriced economic externality. It's a political problem, not a technical problem. If you want innovation, then create a market incentive f
by Qwertious 3y ago
Climate change is an unpriced economic externality. It's a political problem, not a technical problem.
If you want innovation, then create a market incentive for it. But that requires pushing bills that would wreck the prospects of oil companies, and cause trillions of stranded assets, so they lobby against it.
- lotsofpulp 3y ago> But that requires pushing bills that would wreck the prospects of oil companies, and cause trillions of stranded assets, so they lobby against it. The general public seems pretty opposed to higher fossil fuel prices.
- osigurdson 3y agoSince there are no alternatives for the most part, this just becomes a lossy income redistribution program (with lots of opportunity for corruption). Also, as governments can simply decree who has to pay it and who is exempt it has the net effect of centralizing government power. If you want empirical evidence, just see what is happening in Canada.