Earlier posts have referred to the extensive study on the climate change investment opportunities in the context of the credit crisis.
One of their conclusion is very clear. Prices of oil and gas will go up because demand outstrips supply, but the price of coal will drop because there is enough. Without a pricing mechanism that will price in the externality (the costs to society of the emissions) coal will grow at the expense of sustainable alternatives and CO2 emissions will grow. They see no alternative for a cap-and-trade mechanism for emissions.
Time for our governments to get cracking.
About Herman
Herman Wagter is one of the founders and co-editor of Dadamotive. His work as interim manager and consultant (Citynet Amsterdam/Fiber-to-the-Home, Platform Sustainable Mobility) has involved him directly in the impact of hyperconnectivity and sustainability on society. As an independent agent and "mobile warrior" he has experienced the pro's and con's of how organizations and projects can be structured, and what the effects on the final result can be. In his opinion we are entering an era of profound change, driven by these fundamental forces. Following the trends, discovering the fun and debunking the half-truths is a passion he likes to share with others.
