Pricing carbon the next hope on Africa
[ The Note for June 2014 ]
The transition to a clean energy economy requires a number of significant changes to the status quo. Most central to motivating the transition is the project of revealing the hidden costs associated with how we get energy from carbon-based fuels. As it stands, the whole of civilization and a vast web of natural systems are financing the business model that makes lots of money for a few people and provides us with what appears, due to pervasive market distortions, to be cheap energy. The market fails in this way, because costs remain hidden from view. Consumers, businesses, investors and public policy planners cannot make appropriate decisions about cost efficiency, because they cannot see the costs in dollar amounts.
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