Weaning From Fossil Fuels and Growing a Green Economy

Weaning From Fossil Fuels and Growing a Green Economy. YaleGlobal. Dennis Posadas. March 8, 2013 .

Innovation in renewable energies is taking many directions, though implementation of best practices and policies is naturally slow to follow. It may be unrealistic to expect a global treaty on climate before innovation plays out. “Worldwide implementation may require getting comfortable with many different culturally appropriate approaches,” writes Dennis Posadas. “There are many ways to encourage carbon mitigation, but perhaps no single panacea.” Cost comparisons of renewables with fossil fuels are unfair as long as the latter receives the lion’s share of subsidies – by one report, the wealthiest countries pay five times as much in subsides for fossil fuels than they do for climate aid. Coal may appear as the least expensive source of energy as long as many governments disregard health and environmental costs. Individual countries and cities are developing an array of programs for climate protection, including carbon taxes – a good backup plan until the world reaches agreement on a fair and effective climate treaty. [Note: contains copyrighted material].

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