“In some senses, there is a big market failure.”Energy efficiency can help slow the pace at which the risk from global warming risk increases, but it cannot reverse the trend alone. In the very long term, the world’s economy needs a technological transformation, over-the-horizon breakthroughs, technologies that have not yet been imagined. So where will the research funding come from? The average tax burdened, underpaid worker whose spare time is stuck in traffic doesn't have the extra funds.....and the 2 % that own half of the world ain't thought about it .... boy, this world don't make a lick of sense!
December 12, 2006
The Energy Challenge
The Cost of an Overheated Planet
By STEVE LOHR
The iconic culprit in global warming is the coal-fired power plant. It burns the dirtiest, most carbon-laden of fuels, and its smokestacks belch millions of tons of carbon dioxide, the main global warming gas.
So it is something of a surprise that James E. Rogers, chief executive of Duke Energy, a coal-burning utility in the Midwest and the Southeast, has emerged as an unexpected advocate of federal regulation that would for the first time impose a cost for emitting carbon dioxide. But he has his reasons.
“Climate change is real, and we clearly believe we are on a route to mandatory controls on carbon dioxide,” Mr. Rogers said. “And we need to start now because the longer we wait, the more difficult and expensive this is going to be.”
Global warming is not only an environmental hazard, .....full text
The Energy Challenge
The Cost of an Overheated Planet
By STEVE LOHR
The iconic culprit in global warming is the coal-fired power plant. It burns the dirtiest, most carbon-laden of fuels, and its smokestacks belch millions of tons of carbon dioxide, the main global warming gas.
So it is something of a surprise that James E. Rogers, chief executive of Duke Energy, a coal-burning utility in the Midwest and the Southeast, has emerged as an unexpected advocate of federal regulation that would for the first time impose a cost for emitting carbon dioxide. But he has his reasons.
“Climate change is real, and we clearly believe we are on a route to mandatory controls on carbon dioxide,” Mr. Rogers said. “And we need to start now because the longer we wait, the more difficult and expensive this is going to be.”
Global warming is not only an environmental hazard, .....full text
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