"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Wednesday, January 2, 2008

Nice Carbon Proposal

Via Dot Earth via On the Commons by Peter Barnes, a way to both carbon taxes and cap-and-trade that's less difficult to swallow than either of them alone.

"+1"

2 comments:

David B. Benson said...

What a refreshingly progressive plan!

EliRabett said...

I think the problem with this is that like Kyoto it will get bargained down to zero. What is needed is a plan that those who want to make progress can institute in a way that it becomes advantageous for the foot draggers to join