When The Costs Hit Home, Nobody Will Give Up Fossil Fuels
/As noted in my post this past Sunday, no amount of fake happy talk in the so-called “Glasgow Climate Pact” can obscure the obvious fact that nobody agreed to anything.
To read the text of the “pact,” everybody claims to think that this whole “decarbonization” thing to “save the planet” is real. We’re all going to do something really, really significant, but it will be next year, or maybe the year after that.
And meanwhile, nobody has made any remotely serious effort to cost this thing out. Are we talking about a ten percent increase in the cost of energy for this decarbonization project, or will it be a doubling, or maybe a tripling — or maybe even a multiplication by ten?
With tens of trillions of dollars at stake in the world economy, let alone the majority of humanity at risk of energy poverty, you would think that we would be far down the road toward detailed engineering studies of what the decarbonized energy world will look like and exactly how much it will cost. But it is exactly the opposite.
