8 years ago
1
What Every Climate-Concerned Billionaire Should Do
The idea is simple. People burn fossil fuels. The fuels emit carbon dioxide into the atmosphere. If that carbon lingers in the air, it causes greenhousing and contributes to global warming; if it gets absorbed by the ocean, it acidifies the water and wrecks the marine food chain. So the key is to put less carbon into the atmosphere. Most policies, accordingly, focus on preventing people from burning fuels. But what if the fossil fuels were never...
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http://www.theatlantic.com
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“Let’s look at the problem not in the sense of we’re burning too much coal, but as: Coal is too cheap. What do you do about that?”
Yeah jack the price up so people will buy alternative energy sources, that are already too expensive. Consumers can't boycott this, like coffee or sugar...and there are no viable alternatives that would be cheaper. Carbon trading is plain old market manipulation. JP Morgan and ilk just can't wait to cash in on that never ending commodity.