"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, August 13, 2008

Tiltin at Windmills

Tom Friedman:
As Richard K. Lester, an energy-innovation expert at the Massachusetts Institute of Technology, notes, “The best chance we have — perhaps the only chance” of addressing the combined challenges of energy supply and demand, climate change and energy security “is to accelerate the introduction of new technologies for energy supply and use and deploy them on a very large scale.”

This, he argues, will take more than a Manhattan Project. It will require a fundamental reshaping by government of the prices and regulations and research-and-development budgets that shape the energy market. Without taxing fossil fuels so they become more expensive and giving subsidies to renewable fuels so they become more competitive — and changing regulations so more people and companies have an interest in energy efficiency — we will not get innovation in clean power at the scale we need.

That is what this election should be focusing on. Everything else is just bogus rhetoric designed by cynical candidates who think Americans are so stupid — so bloody stupid — that if you just show them wind turbines in your Olympics ad they’ll actually think you showed up and voted for such renewable power — when you didn’t.
More here.

 

1 comment:

Dano said...

Now, this may get Eli's and Joe Romm's dander up, as the Hofferts of the world are saying this too, and Hoffert is a Breakthrough member, as is RP Jr (Sr?).

Best,

D