I appreciated your initial metaphor – it is a powerful one. I'm not sure though that I understand the solution that you are pointing to: "global climate compensation". Surely if we were all receiving annual payments from the fossil fuel industry we'd be less, not more, likely to work for them to be phased out? This has alway seemed to me to be a shortcoming of tax-and-share type proposals.
Excellent thoughts, Henrik. The global climate crisis is reality and we’ll have to change in a disruptive way very soon. Especially because the next crisis is just around the corner. Although our planet is called the blue planet due to all the water we have in our oceans, only two percent of all water on our planet is suitable for drinking water without energy intensive desalination processes. Only half of the drinkable water is fairly easy to access, i.e. only one percent of all our water is available without a lot of treatment prior to drinking it. Currently, we are contaminating our scarce drinking water resources with - among other chemicals - TFA. One major source for this TFA are the HFO refrigerants. This global water pollution is also driven by pure greed for profit by a few mostly US American companies.
The drinking water crisis is our next challenge after or rather during the climate change challenge.
I appreciated your initial metaphor – it is a powerful one. I'm not sure though that I understand the solution that you are pointing to: "global climate compensation". Surely if we were all receiving annual payments from the fossil fuel industry we'd be less, not more, likely to work for them to be phased out? This has alway seemed to me to be a shortcoming of tax-and-share type proposals.
The oil companies will respond by raising the price of oil. Thus, people will be incentivized to use less of it. More details can be found here: https://henriknordborg.substack.com/p/ending-profits-from-fossil-fuels
Excellent thoughts, Henrik. The global climate crisis is reality and we’ll have to change in a disruptive way very soon. Especially because the next crisis is just around the corner. Although our planet is called the blue planet due to all the water we have in our oceans, only two percent of all water on our planet is suitable for drinking water without energy intensive desalination processes. Only half of the drinkable water is fairly easy to access, i.e. only one percent of all our water is available without a lot of treatment prior to drinking it. Currently, we are contaminating our scarce drinking water resources with - among other chemicals - TFA. One major source for this TFA are the HFO refrigerants. This global water pollution is also driven by pure greed for profit by a few mostly US American companies.
The drinking water crisis is our next challenge after or rather during the climate change challenge.