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Study: Global Warming Solvable If Fossil Fuel Subsidies Given To Clean Energy
An anonymous reader writes A research team at the International Institute for Applied Systems Analysis in Laxenburg, Austria, says it has studied how much it would cost for governments to stick to their worldwide global warming goal. They've concluded that for "a 70 per cent chance of keeping below 2 degrees Celsius, the investment will have to rise to $1.2 trillion a year." Where to get that money? The researchers say that "global investment in energy is already $1 trillion a year and rising" with more than half going to fossil fuel energy. If those subsidies were spent on renewable energy instead, the researchers hypothesize that "global warming would be close to being solved."
It never ceases to amaze me how Progressives can so blithely condemn BIG corporations and their answer to solving the "BIG Corporation" problem is always to give more power to the largest, most powerful organization on the planet. Because large size causes corruption in companies, but it must only cause nobility in governments, right?
You seem to completely ignore that governments are elected and therefore accountable to the people. That fact that the US political system is shit and unrepresentative does not mean every countries government is so in most of Europe the view that governments should be reigned in is not so widespread as the governments there do a better job.
Corporations on the other hand answer to nobody apart from their own profits. Therefore it is entirely right that government does its bit to push them in way that their aims (making money) are aligned with that of society.
(Americans need not reply to this post, since most of you seem to be brain washed by the shit you see on your own pro-unrestrained capitalist propaganda that tries to pass itself off as impartial news).
I dont read
You and I both know that's so backwards as to be hilariously ludicrous.
True, true, and yet we re-elected it. #GoFigure
Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
No, subsidies and taxes are not like a classical R-C control network; you're oversimplifying like a madman to equate them to a negative feedback loop, i.e., something that stabilizes. To the extent the analogy helps at all, taxes and subsidies are more of a positive loop, feeding corruption, destabilizing.
doing ourselves through conscious collective action
Would you recommend a wall of Pet Rocks, or a vast Ouija Board to implement this?
Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear