Re:Climate change: IPCC report is 'code red for humanity'
by GVIrish on Monday August 09, 2021 @05:40PM
(#28122655)
If you can't sell people on nuclear power, there is no way in hell you're gonna sell people on extreme taxes on oil. And even if you could, the base load problem will still be there.
Maybe if carbon were heavily taxed it would incentivize energy storage solutions but as of right now cost effective solutions are no viable yet.
Re:Climate change: IPCC report is 'code red for humanity'
by lake_vincent on Monday August 09, 2021 @03:11PM
(#28121021)
"capitalism should sort it out"
Oh, you sweet summer child!
Re:Climate change: IPCC report is 'code red for humanity'
by tda on Monday August 09, 2021 @03:40PM
(#28121388)
We can at least try putting a price on fossil fuels. Actually the 1973 oil crisis had a profound effect on behavior, so yes a capitalistic system is perfectly capable of responding to something being (artificially) scarce. OPEC should really get their shit together and start another oil crisis "in order to save the world"
For the current crisis we need to put a cap on carbon extraction now, and quickly bring extraction rates down to zero. Let the price of oil rise and capitalism should sort it out. Only when fossil fuel prices rise to say 500 USD per barrel will people and industries start effectively reducing consumption. Other than on extremely energy intensive activities (transatlantic flights) fossil fuel prices are just a rounding error.