[robbedpeter]

The negative externalities are too many degrees of separation and to many years away from any immediately obvious perception of harm.

"Officer, these men are stealing my lawn, a few blades of grass a day as they walk by!" This doesn't engender a threat response until there's visible damage, and even then the solution is likely to involve signs and warnings, since the responsibility for total damage is so widely distributed. We need a fence around the climate lawn, and we can't leave the gate open for some people and not others, if you catch my drift.

We're beginning to see global acknowledgment of the problems and gradual progress towards reducing emissions. Once technology can accurately measure the cost of the negative externalities, they can be priced in. If the cost is on an exponential trend, where each ton of co2 is now seen to cost the operator an additional .0000001 cents, but 100 years later might cost millions, with regards to preventable damage, markets currently are accurately pricing in the costs. They're just not equipped to assess global climate and long term planning as relevant. That has to come from legislating sane and scientific and fair rules.

There's nothing inherently wrong with burning coal if there's a globally recognized system of accountability. Since there's not likely to ever be such a hegemony, you get what we have now - slow, frustratingly bureaucratic incremental progress, and therefore the need for mitigation as well as sustainable energy tech.