I agree with your conclusion, but I don’t agree that it’s feasible. Any tax solutions will involve legislation by a government owned by those same interests. And even if you managed it in major economies, you’d just force the climate issues into places with fewer qualms about their fuel usage. I’d love to see this problem solved, but my faith in our ability to resolve it is far less than yours.
I agree with your conclusion, but I don’t agree that it’s feasible. Any tax solutions will involve legislation by a government owned by those same interests. And even if you managed it in major economies, you’d just force the climate issues into places with fewer qualms about their fuel usage. I’d love to see this problem solved, but my faith in our ability to resolve it is far less than yours.
Once the alternatives become more profitable, they will move to legislate in their favour.
Here in Europe, we already have billions in subsidies for wind and solar energy.
Will it go smoothly, or fast enough?
No, I think 3 degrees warming is basically inevitable at this point.
But it will happen, about five decades later than it should have happened.
Guess we will see in the next two decades.
I hope for everyone’s sake you’re right, but if that does come to pass it will come as a surprise to me.