Comments on: PeakOil: whom do you believe? ChevronTexaco or ExxonMobil? http://cstpr.colorado.edu/prometheus/?p=3817 Wed, 29 Jul 2009 22:36:51 -0600 http://wordpress.org/?v=2.9.1 hourly 1 By: john frankis http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4477 john frankis Wed, 10 May 2006 03:06:48 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4477 The popular choice for scenario modelling is usually doubling of pre-industrial levels of CO2, rather than doubling of present day levels. As globally the burning of coal, oil and gas increases year on year at the moment, and as it's very likely that we detect the hand of man significantly altering climate globally (with it being certain I think that we alter climate at the local and regional scales), modelling for a doubling of pre-industrial CO2 makes sense, a doubling of something from it's long term baseline being a natural kind of forcing to consider. I'd like to hope that PVs and other renewables might be cost competitive sooner rather than later so prizes offered for achievement of milestones with renewable energies and fusion would suit me fine, as would a carbon tax to pay for them, and an increase of funding of clean energy research generally. Renewables haven't had the kind of military levels of spending tossed their way that nuclear enjoyed for decades, and it'd be nice to see peaceful, clean energies given support like that this millennium. The popular choice for scenario modelling is usually doubling of pre-industrial levels of CO2, rather than doubling of present day levels. As globally the burning of coal, oil and gas increases year on year at the moment, and as it’s very likely that we detect the hand of man significantly altering climate globally (with it being certain I think that we alter climate at the local and regional scales), modelling for a doubling of pre-industrial CO2 makes sense, a doubling of something from it’s long term baseline being a natural kind of forcing to consider.

I’d like to hope that PVs and other renewables might be cost competitive sooner rather than later so prizes offered for achievement of milestones with renewable energies and fusion would suit me fine, as would a carbon tax to pay for them, and an increase of funding of clean energy research generally. Renewables haven’t had the kind of military levels of spending tossed their way that nuclear enjoyed for decades, and it’d be nice to see peaceful, clean energies given support like that this millennium.

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By: Mark Bahner http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4476 Mark Bahner Tue, 09 May 2006 16:42:22 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4476 "For instance, despite the growth trend in world use of more hydrogenated fossil fuels, world CO2 emissions continue to rocket skyward in the upper graph you link to (which is the significant one for discussion of ACC, not the per capita emissions graph below it)." No, emissions are not continuing to "rocket skyward." That's merely an artifact of the fact that the first graph starts in the year 1750. (If the graph started at 1000 AD, it would REALLY look spectacular! ;-)) If you go to Figure 1 of my website: http://markbahner.50g.com/what_will_happen_to_us.htm ...you'll see that CO2 emissions were indeed "rocketing skyward" from 1950 to 1960 and from 1960 to 1970...with increases of more than 50% per decade in both those decades. But the percentage increases have dropped off significantly (15 percent from 1980 to 1990, and 6 percent from 1990 to 2000). The increase for 2000 to 2010 will probably be in the neighborhood of 10 percent (i.e., 1 percent per year). At an increase of 1 percent per year, it will take ~70 years for CO2 emissions to double from their current value. But in fact, it's not likely that emissions of CO2 will *ever* double from their current level. This will probably never happen in part because of the reasons that I've already mentioned: 1) energy efficiency (including development of hybrids and later fuel cells for transportation, and fuel cells for residential electricity and heating), 2) methane hydrates, 3) photovoltaics, and 4) fusion. In fact, the most likely scenario is that emissions will peak at 20-50 percent above their current values sometime prior to 2050, and then will begin to decline. "But unless other environmental externalities can be costed into the price of those fossil fuels they'll remain less expensive than either nuclear or renewable powered hydrogen production for a very long time,..." Please define, "very long time." The Department of Energy's Energy Efficiency and Renewable Energy Laboratory projects that photovoltaics will be competitive with fossil fuel electricity circa 2015-2020: http://www1.eere.energy.gov/ba/pdfs/39684_app_D.pdf Further, *operating costs* for nuclear fission plants are already lower than for fossil-fueled plants (coal, gas, or oil). The place where coal, gas, and oil plants are less expensive than nuclear fission plants is the capital cost and disposal of waste. And no controlled nuclear fusion process has even achieved break-even energy production (so essentially, the "cost" is infinite). In summary: 1) Photovoltaics are projected to be competitive circa 2015-2020, and some tax on "externalities" of fossil fuels is unlikely to accelerate that schedule (unless, possibly, if ALL the revenue was dumped into photovoltaics development), 2) Nuclear fission is already compatible in operating cost, and reductions in capital cost (e.g. easier licensing) and the cost of waste are the main items of cost for nuclear fission, 3) Nuclear fusion is essentially "infinitely costly." So fossil fuel taxes wouldn't help there either (unless the money was dumped into development of fusion). To me, it seems much better to offer technological prizes for development of fusion and photovoltaics (and make licensing and disposal of nuclear waste less costly), if the goal is truly to increase those technologies' inputs to the energy mix. “For instance, despite the growth trend in world use of more hydrogenated fossil fuels, world CO2 emissions continue to rocket skyward in the upper graph you link to (which is the significant one for discussion of ACC, not the per capita emissions graph below it).”

No, emissions are not continuing to “rocket skyward.” That’s merely an artifact of the fact that the first graph starts in the year 1750. (If the graph started at 1000 AD, it would REALLY look spectacular! ;-) )

If you go to Figure 1 of my website:

http://markbahner.50g.com/what_will_happen_to_us.htm

…you’ll see that CO2 emissions were indeed “rocketing skyward” from 1950 to 1960 and from 1960 to 1970…with increases of more than 50% per decade in both those decades.

But the percentage increases have dropped off significantly (15 percent from 1980 to 1990, and 6 percent from 1990 to 2000). The increase for 2000 to 2010 will probably be in the neighborhood of 10 percent (i.e., 1 percent per year). At an increase of 1 percent per year, it will take ~70 years for CO2 emissions to double from their current value.

But in fact, it’s not likely that emissions of CO2 will *ever* double from their current level.
This will probably never happen in part because of the reasons that I’ve already mentioned:

1) energy efficiency (including development of hybrids and later fuel cells for transportation, and fuel cells for residential electricity and heating),

2) methane hydrates,

3) photovoltaics, and

4) fusion.

In fact, the most likely scenario is that emissions will peak at 20-50 percent above their current values sometime prior to 2050, and then will begin to decline.

“But unless other environmental externalities can be costed into the price of those fossil fuels they’ll remain less expensive than either nuclear or renewable powered hydrogen production for a very long time,…”

Please define, “very long time.”

The Department of Energy’s Energy Efficiency and Renewable Energy Laboratory projects that photovoltaics will be competitive with fossil fuel electricity circa 2015-2020:

http://www1.eere.energy.gov/ba/pdfs/39684_app_D.pdf

Further, *operating costs* for nuclear fission plants are already lower than for fossil-fueled plants (coal, gas, or oil). The place where coal, gas, and oil plants are less expensive than nuclear fission plants is the capital cost and disposal of waste.

And no controlled nuclear fusion process has even achieved break-even energy production (so essentially, the “cost” is infinite).

In summary:

1) Photovoltaics are projected to be competitive circa 2015-2020, and some tax on “externalities” of fossil fuels is unlikely to accelerate that schedule (unless, possibly, if ALL the revenue was dumped into photovoltaics development),

2) Nuclear fission is already compatible in operating cost, and reductions in capital cost (e.g. easier licensing) and the cost of waste are the main items of cost for nuclear fission,

3) Nuclear fusion is essentially “infinitely costly.” So fossil fuel taxes wouldn’t help there either (unless the money was dumped into development of fusion).

To me, it seems much better to offer technological prizes for development of fusion and photovoltaics (and make licensing and disposal of nuclear waste less costly), if the goal is truly to increase those technologies’ inputs to the energy mix.

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By: john frankis http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4475 john frankis Tue, 09 May 2006 01:22:15 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4475 The world hasn't really left coal for oil, it's added oil into its energy budget - we're burning more coal today than ever before (I'm fairly sure) and forecasts are for that to continue to grow for at least many decades to come. Granted that we'll rapidly increase consumption of oil and gas as well ... it's easy to predict that atmospheric CO2 levels will continue their increase far into the future. For instance, despite the growth trend in world use of more hydrogenated fossil fuels, world CO2 emissions continue to rocket skyward in the upper graph you link to (which is the significant one for discussion of ACC, not the per capita emissions graph below it). Of course the reason for preferring the more hydrogen rich fossil fuels has been their cost effectiveness as well as their better environmental performance, in particular that they leave more of our urban air breathable. It's breathable today in the developed world thanks to government regulations. But unless other environmental externalities can be costed into the price of those fossil fuels they'll remain less expensive than either nuclear or renewable powered hydrogen production for a very long time, leaving the hydrogen economy but a gleam in your eye. So Ausubel's work is interesting and useful but history is not a roadmap to the future, only part of the grounds on which we must make our plans (if we're to plan at all). The world hasn’t really left coal for oil, it’s added oil into its energy budget – we’re burning more coal today than ever before (I’m fairly sure) and forecasts are for that to continue to grow for at least many decades to come. Granted that we’ll rapidly increase consumption of oil and gas as well … it’s easy to predict that atmospheric CO2 levels will continue their increase far into the future. For instance, despite the growth trend in world use of more hydrogenated fossil fuels, world CO2 emissions continue to rocket skyward in the upper graph you link to (which is the significant one for discussion of ACC, not the per capita emissions graph below it).

Of course the reason for preferring the more hydrogen rich fossil fuels has been their cost effectiveness as well as their better environmental performance, in particular that they leave more of our urban air breathable. It’s breathable today in the developed world thanks to government regulations. But unless other environmental externalities can be costed into the price of those fossil fuels they’ll remain less expensive than either nuclear or renewable powered hydrogen production for a very long time, leaving the hydrogen economy but a gleam in your eye. So Ausubel’s work is interesting and useful but history is not a roadmap to the future, only part of the grounds on which we must make our plans (if we’re to plan at all).

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By: Andrew Dessler http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4474 Andrew Dessler Mon, 08 May 2006 17:34:31 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4474 All- There's no question that we have burned progressively lower carbon-intense fuels. However, there's no guarantee that will continue: we will be out of natural gas in a few decades and countries like China and India have lots of coal, which they are certainly going to burn. I think we all agree that we need alternatives, and that the world is heading in that direction already, albeit slowly. The the real question is: from a policy standpoint, how do we make sure that the transition to alternative energy occurs as quickly and efficiently as possible? My judgment of the answer: by deploying incentives beyond those which the free market can provide. In my opinion, something like a carbon tax will make the transition occur faster than just leaving it entirely to the free market. Regards. All-

There’s no question that we have burned progressively lower carbon-intense fuels. However, there’s no guarantee that will continue: we will be out of natural gas in a few decades and countries like China and India have lots of coal, which they are certainly going to burn.

I think we all agree that we need alternatives, and that the world is heading in that direction already, albeit slowly. The the real question is: from a policy standpoint, how do we make sure that the transition to alternative energy occurs as quickly and efficiently as possible? My judgment of the answer: by deploying incentives beyond those which the free market can provide. In my opinion, something like a carbon tax will make the transition occur faster than just leaving it entirely to the free market.

Regards.

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By: Mark Bahner http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4473 Mark Bahner Mon, 08 May 2006 16:38:53 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4473 John Frankis writes, "On the contrary, at the moment the world is super-carbonising. I know this because I know that atmospheric CO2 levels are rising monotonically year on year." By "decarbonizing," I meant that the ratio of carbon to hydrogen in the fuels being burned continues to go down. (And the ratio of carbon to hydrogen will approach zero by the end of this century, if not sooner.) See my comments to Kevin Vranes, above. "But I don't even need to know that to know that your counterassertion is wrong, because you don't actually refer in it to what I said (which was about the "market", not "the world")." As I've noted, the world has switched from wood to coal (a significant reduction in carbon atoms per hydrogen atom), and coal to oil, and oil to natural gas...all without government mandates that such switches be done. It's silly to think that the U.S. and world economies won't eventually be hydrogen economies, regardless of whether governments produce any mandates. John Frankis writes, “On the contrary, at the moment the world is super-carbonising. I know this because I know that atmospheric CO2 levels are rising monotonically year on year.”

By “decarbonizing,” I meant that the ratio of carbon to hydrogen in the fuels being burned continues to go down. (And the ratio of carbon to hydrogen will approach zero by the end of this century, if not sooner.)

See my comments to Kevin Vranes, above.

“But I don’t even need to know that to know that your counterassertion is wrong, because you don’t actually refer in it to what I said (which was about the “market”, not “the world”).”

As I’ve noted, the world has switched from wood to coal (a significant reduction in carbon atoms per hydrogen atom), and coal to oil, and oil to natural gas…all without government mandates that such switches be done.

It’s silly to think that the U.S. and world economies won’t eventually be hydrogen economies, regardless of whether governments produce any mandates.

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By: Mark Bahner http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4472 Mark Bahner Mon, 08 May 2006 16:28:13 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4472 "MB - the world is decarbonizing? I assume you mean 'carbon used per output of work' or something like that." Yes, I guess I should have made that more clear. As Jesse Ausubel showed in other work: “Wood is made of much cellulose and some lignin. Heated cellulose leaves charcoal, almost pure carbon. Lignin has a complex benzenic structure with an H:C ratio of about 0.5. Combining the pure carbon of cellulose and the 0.5 ratio of lignin, wood with 20% lignin effectively has an H:C ratio of 0.1. Said differently, wood weighs in heavily at ten effective Cs for each H. Coal approaches parity with one or two Cs per H, while oil improves to two H per C, and a molecule of natural gas (methane) is a carbon-trim CH4.” http://phe.rockefeller.edu/BrainNotChange/ The world (i.e., the market) has “decarbonized” from wood to coal (10:1 to 2:1, C/H ratio), and coal to oil (2:1 to 1:2, C/H ratio), and oil to natural gas (1:2 to 1:4, C/H ratio)…all without any government mandates that the world decarbonize. It’s silly to think that this process will only continue with government mandates. As I noted before, by the end of this century, the world will be in a “hydrogen economy.” That means that CO2 emissions will be below levels that cause rising atmospheric CO2 concentrations...regardless of whether or not there are government mandates. "And as the output/carbon used ratio gets better and better, what happens? Suddenly carbon-burning technologies are well within the reach of "developing countries" with very large populations, which means even more carbon used in sum." If you’re thinking that carbon used will continue to rise throughout the entire century, that thought is very strongly contradicted by available evidence. (If you’re thinking that carbon used will remain will rise by ~1 percent per year for the next couple of decades, before declining, then I agree.) Here is a graph of CO2 emissions per capita in the world, from 1950 to the present. You can see it went up from 1950 to 1970, but since ~1970, it has been almost perfectly flat. http://cdiac.ornl.gov/trends/emis/glo.htm It's *possible* that the curve will begin rising again, but it's very unlikely. Technological history says that it will remain approximately flat for a while longer (my guess is 0-20 years), and then begin to *fall*...not rise. Why won’t per-capita CO2 emissions continue to rise throughout the 21st century? Four potential reasons (in order of their penetration of the world energy scene, over time): 1) Energy efficiency, 2) methane hydrates, 3) photovoltaics, and 4) fusion. "Also, on hydrogen: moving toward an "H2 economy" is fine but we better keep in mind that no amount of technology will ever change one basic fact: H2 is not a free molecule on the Earth's surface." Yes, that’s absolutely true. But H2 can be easily made from water. And it can be used in fuel cells at very high conversion efficiencies, and producing only water. “Sure, we can radically ramp up nuclear in order to make H2 from H2O, but we're always going to be paying a pretty high price for it.” You make two mistakes here. First, you use “nuclear” synonymously with “fission.” That completely ignores fusion, which is the much more logical long-range nuclear option. You also ignore photovoltaics. The world could easily get ALL its energy from photovoltaics. The only real barrier is cost (including the cost to store the electricity during the night…which is where the H2 comes into play). As I’ve mentioned already to Roger Pielke Jr., if you folks at Prometheus really want to do a truly world-changing policy paper, y’all should calculate just what technological rewards would be appropriate for bringing fusion (most likely, non-tokamak fusion) to commercial fruition. The rewards which the U.S. government could offer to bring fusion to commercial fruition could be incredibly large (over $10 billion) as still EASILY be justified in terms of a ridiculously high return on investment. “MB – the world is decarbonizing? I assume you mean ‘carbon used per output of work’ or something like that.”

Yes, I guess I should have made that more clear. As Jesse Ausubel showed in other work:

“Wood is made of much cellulose and some lignin. Heated cellulose leaves charcoal, almost pure carbon. Lignin has a complex benzenic structure with an H:C ratio of about 0.5. Combining the pure carbon of cellulose and the 0.5 ratio of lignin, wood with 20% lignin effectively has an H:C ratio of 0.1. Said differently, wood weighs in heavily at ten effective Cs for each H. Coal approaches parity with one or two Cs per H, while oil improves to two H per C, and a molecule of natural gas (methane) is a carbon-trim CH4.”

http://phe.rockefeller.edu/BrainNotChange/

The world (i.e., the market) has “decarbonized” from wood to coal (10:1 to 2:1, C/H ratio), and coal to oil (2:1 to 1:2, C/H ratio), and oil to natural gas (1:2 to 1:4, C/H ratio)…all without any government mandates that the world decarbonize. It’s silly to think that this process will only continue with government mandates. As I noted before, by the end of this century, the world will be in a “hydrogen economy.” That means that CO2 emissions will be below levels that cause rising atmospheric CO2 concentrations…regardless of whether or not there are government mandates.

“And as the output/carbon used ratio gets better and better, what happens? Suddenly carbon-burning technologies are well within the reach of “developing countries” with very large populations, which means even more carbon used in sum.”

If you’re thinking that carbon used will continue to rise throughout the entire century, that thought is very strongly contradicted by available evidence. (If you’re thinking that carbon used will remain will rise by ~1 percent per year for the next couple of decades, before declining, then I agree.)

Here is a graph of CO2 emissions per capita in the world, from 1950 to the present. You can see it went up from 1950 to 1970, but since ~1970, it has been almost perfectly flat.

http://cdiac.ornl.gov/trends/emis/glo.htm

It’s *possible* that the curve will begin rising again, but it’s very unlikely. Technological history says that it will remain approximately flat for a while longer (my guess is 0-20 years), and then begin to *fall*…not rise.

Why won’t per-capita CO2 emissions continue to rise throughout the 21st century? Four potential reasons (in order of their penetration of the world energy scene, over time): 1) Energy efficiency, 2) methane hydrates, 3) photovoltaics, and 4) fusion.

“Also, on hydrogen: moving toward an “H2 economy” is fine but we better keep in mind that no amount of technology will ever change one basic fact: H2 is not a free molecule on the Earth’s surface.”

Yes, that’s absolutely true. But H2 can be easily made from water. And it can be used in fuel cells at very high conversion efficiencies, and producing only water.

“Sure, we can radically ramp up nuclear in order to make H2 from H2O, but we’re always going to be paying a pretty high price for it.”

You make two mistakes here. First, you use “nuclear” synonymously with “fission.” That completely ignores fusion, which is the much more logical long-range nuclear option. You also ignore photovoltaics. The world could easily get ALL its energy from photovoltaics. The only real barrier is cost (including the cost to store the electricity during the night…which is where the H2 comes into play).

As I’ve mentioned already to Roger Pielke Jr., if you folks at Prometheus really want to do a truly world-changing policy paper, y’all should calculate just what technological rewards would be appropriate for bringing fusion (most likely, non-tokamak fusion) to commercial fruition. The rewards which the U.S. government could offer to bring fusion to commercial fruition could be incredibly large (over $10 billion) as still EASILY be justified in terms of a ridiculously high return on investment.

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By: kevin v http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4471 kevin v Mon, 08 May 2006 04:27:42 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4471 Good discussion, guys. MB - the world is decarbonizing? I assume you mean 'carbon used per output of work' or something like that. Well sure, the machinations of technological advance is working the ratio to our favor, but -- as Jevons' Paradox shows so well -- that very decarbonization has led to a severe ramp up in total carbon burned. And as the output/carbon used ratio gets better and better, what happens? Suddenly carbon-burning technologies are well within the reach of "developing countries" with very large populations, which means even more carbon used in sum. Also, on hydrogen: moving toward an "H2 economy" is fine but we better keep in mind that no amount of technology will ever change one basic fact: H2 is not a free molecule on the Earth's surface. Which means we must expend energy to extract it before we can even get the energy back by burning it. Unlike oil and nuclear, which are gifts of solar energy/photosynthsis, geology, time and astrophysics, H2 is not a ready made fuel and it will always, no matter what we learn, be a net energy sink. Sure, we can radically ramp up nuclear in order to make H2 from H2O, but we're always going to be paying a pretty high price for it. Good discussion, guys.

MB – the world is decarbonizing? I assume you mean ‘carbon used per output of work’ or something like that. Well sure, the machinations of technological advance is working the ratio to our favor, but — as Jevons’ Paradox shows so well — that very decarbonization has led to a severe ramp up in total carbon burned. And as the output/carbon used ratio gets better and better, what happens? Suddenly carbon-burning technologies are well within the reach of “developing countries” with very large populations, which means even more carbon used in sum.

Also, on hydrogen: moving toward an “H2 economy” is fine but we better keep in mind that no amount of technology will ever change one basic fact: H2 is not a free molecule on the Earth’s surface. Which means we must expend energy to extract it before we can even get the energy back by burning it. Unlike oil and nuclear, which are gifts of solar energy/photosynthsis, geology, time and astrophysics, H2 is not a ready made fuel and it will always, no matter what we learn, be a net energy sink. Sure, we can radically ramp up nuclear in order to make H2 from H2O, but we’re always going to be paying a pretty high price for it.

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By: john frankis http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4470 john frankis Mon, 08 May 2006 03:12:49 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4470 On the contrary, at the moment the world is super-carbonising. I know this because I know that atmospheric CO2 levels are rising monotonically year on year. But I don't even need to know that to know that your counterassertion is wrong, because you don't actually refer in it to what I said (which was about the "market", not "the world"). On the contrary, at the moment the world is super-carbonising. I know this because I know that atmospheric CO2 levels are rising monotonically year on year.
But I don’t even need to know that to know that your counterassertion is wrong, because you don’t actually refer in it to what I said (which was about the “market”, not “the world”).

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By: Mark Bahner http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4469 Mark Bahner Mon, 08 May 2006 02:31:48 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4469 "The market unaided will not address the issue of ACC because that's not the market's role." This assertion is not supported by history. The world has been "decarbonizing" for centuries...it's ridiculous to expect that would *not* continue. The world by the end of the 21st century will almost certainly be a "hydrogen economy"...regardless of what governments do. http://phe.rockefeller.edu/future_business/ “The market unaided will not address the issue of ACC because that’s not the market’s role.”

This assertion is not supported by history. The world has been “decarbonizing” for centuries…it’s ridiculous to expect that would *not* continue.

The world by the end of the 21st century will almost certainly be a “hydrogen economy”…regardless of what governments do.

http://phe.rockefeller.edu/future_business/

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By: john frankis http://cstpr.colorado.edu/prometheus/?p=3817&cpage=1#comment-4468 john frankis Mon, 08 May 2006 01:06:25 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=3817#comment-4468 Jim, it wasn't left to the market to replace CFCs as refrigerants because the market wouldn't have done something like that. Similarly, 'twere not ever thus that human behaviour were of such scale that it could have a global - not just local - impact on earth, the way our enormous emissions of GH gases do (at the "very likely" level of certainty) today. There is a price we pay, in negative effects on our own life-sustaining environment, for our tremendous economic and civilisational success over the past few hundred years. BTW Benny would bore me with child-frightening tales of Stalinist eco disasters at this point, I'm sure you won't. The market unaided will not address the issue of ACC because that's not the market's role. The market is not a sentient being with your best interests at heart, it's just a market. For buying and selling stuff. What matters is whether you accept scientific evidence, how you weight the alternative policy options that your assessment of that evidence suggest to you, and how much you value complex things like the environmental future of the most beautiful and fruitful planet in the history of the universe ... Jim, it wasn’t left to the market to replace CFCs as refrigerants because the market wouldn’t have done something like that. Similarly, ’twere not ever thus that human behaviour were of such scale that it could have a global – not just local – impact on earth, the way our enormous emissions of GH gases do (at the “very likely” level of certainty) today. There is a price we pay, in negative effects on our own life-sustaining environment, for our tremendous economic and civilisational success over the past few hundred years. BTW Benny would bore me with child-frightening tales of Stalinist eco disasters at this point, I’m sure you won’t.

The market unaided will not address the issue of ACC because that’s not the market’s role. The market is not a sentient being with your best interests at heart, it’s just a market. For buying and selling stuff. What matters is whether you accept scientific evidence, how you weight the alternative policy options that your assessment of that evidence suggest to you, and how much you value complex things like the environmental future of the most beautiful and fruitful planet in the history of the universe …

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