At this point it's inevitable that solar power and EV's are going to win. They don't need any subsidies to win. But without the subsidies China will take the entire market and we'll be much more dependent on China in the future than we are on Saudi Arabia now.
Progress and capitalism optimize for value or $, and have no attention for the environmental cost as long as those are not put into regulations. You don't agree with that?
And just to be clear, climate regulations are not the same as pollution laws
A 'credit' system worked to stop NOX and Acid Rain, no reason it couldn't be used to reduce CO2.
Have to separate "Capitalism" the concept, from the "I'm changing the rules just for me to profit".
"Capitalism" can work well with regulations. The people that are against regulations are not "pro-Capitalism", they are "pro-Greed". Nothing in capitalism says you can't have regulations to prevent things society doesn't wan to happen.
Just current interpretation of capitalism is wrong.
My understanding is that in US, they used Emissions Credits, and this allowed a 'market' for those credits. This was more palatable to the segment of the country that are against regulations of any kind. But once there is a market, then it is ok.
There are some good points to an emissions market, it does allow accountants and corporations to determine a 'cost' that can be used in budgeting, and they can then us that as justification to purchase equipment. And it does allow the shifting of the 'cost' to the worst polluting plants. So in some ways markets are good, they steer the allocation of funds. The anarcho-capitalist types just need to understand that capitalism can be guided in this way, we know it works.
And of course anything the government gets involved in will get screwed up, so just stop screwing it up and let the bright people do what they are passionate about.
Can you expand on this? If it's geoengineering you're talking about we don't really need all the energy for it.
No, absolutely not!
> But where that starts is legislation.
No, absolutely not! Where it starts is invention and invention is currently severely hindered by regulation, alarmism and skewed incentives. Why would a bright mind work on nuclear physics if you can make more money as a lawyer?