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Originally Posted by Tactitus
Rather, my argument is that we should use Kyoto as a pilot program to measure the cost of reducing emissions. That is, for the countries that are required to reduce their CO2 emissions we can see how much it costs for them to do that (assuming they actually reduce their emissions, of course). X% reduction cost Y$.
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But then again, this wouldnt necessarily be useful information. If you assume that the emissions that are easiest (and thus cheapest) to eliminate get eliminated first, which isnt unreasonable, then the relatively weak Kyoto targets would not be a good basis for estimating the costs of future (significant) cuts to emission, due to decreasing returns to investment and/or increasing costs to scale of any such project. Sure, it would be a start, but it might also be a start to chronically underestimating the costs of taking it to the nth degree that T&F would prefer.
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Originally Posted by Zhukov
I won't go into why capitalism is a huge part of the problem and a hinderance to a solution, since thats to obvious for all the well-educated readers of this board.  |
. Capitalism also provides a solution for it too. Depressing, huh?