Climate Change And the Economy: The Relationship
As promised, the next post would deal with the reason why it is difficult for the entire world to come into an effective and efficient consensus on climate change. First of all, let’s start with the facts. a) Climate is changing b) This is dangerous climate change c) It is caused by human activities d) Exploitation of fossil fuels is the main reason e) About 75% of the energy mix in the world is from fossil fuels Money/ green paper f) Energy is necessary for development, for our industries. g) Economic development therefore, is pegged on fossil fuels. At least for now. See why this is tricky? Not everyone wants to play along. Conventional wisdom has it that the only way to develop is by using fossil fuels. Slowly, this is changing because of ...