4 ms·
I see your point. You assume though that the taking on of the debt will lead to the solution. I disagree. Its extremely unclear. The transition away from CO₂-e
by patrickhogan1 2y ago
I see your point. You assume though that the taking on of the debt will lead to the solution. I disagree. Its extremely unclear.
The transition away from CO₂-emitting technologies is already underway, driven by market forces alone—solar power, for example, is now cheaper than oil. Proposing a substantial increase in global debt to further accelerate climate initiatives would need to demonstrate the following:
1. Spending Wisely: Invest in technologies that work and also do not introduce more problems.
2. Trusting Who Spends: Governments or others must use funds on solving the issue (not just giving money to cronies).
3. Global Cooperation: Countries working together (does Russia who sees warming as helpful comply).
4. Dealing With Inflation: The plan should address the inflation it causes, as it will raise living costs for people already struggling.
5. Better Use of Funds: Proving this use of funds is better than spending on other global issues.
- Aachen 2y agoYou're asking for a nearly insurmountable burden of proof before you'll believe one side (stopping global warming as was already agreed upon in Paris like a decade ago) but not the other
- patrickhogan1 2y agoI believe we are more aligned on this issue than it might seem from this exchange. Like you, I value sustainability and recognize the importance of nature for both physical and mental well-being. Living near sea level, I experience the direct effects of climate impacts. I also use air quality monitors to track CO₂ levels at home and in my office. (As a side note, I think more people should pay attention to indoor carbon emissions; in many offices and fitness centers, CO₂ levels can rise to an healthy amount) While the suggestion about printing $100T to $200T is thought-provoking and is intended to address pressing global issues, I also consider the outcomes of similar actions during COVID. The significant money printing at that time—though aimed at stabilizing the economy—contributed to inflation and widespread challenges. I think we both share a desire to find solutions that address these needs without exacerbating suffering.
- therealdrag0 2y agoThere maybe a misunderstanding here. The only debt I talked about was referring to carbon. We are enabling our current lifestyles by taking on carbon debt, which we will pay in climate change unless we pay off the principal (sequestration). You were speculating that some unknown future tech could make paying off that debt easier and cheaper, and I was pointing out that taking on debt without a current method of repayment is unwise. Since you appear hesitant about excess government debt I would expect you to be More not Less hesitant of debt we have no acceptable way to payoff, yet we are taking on more and more.