[scotty79]

I don't think we can wait on technological magic bullet to deus ex machina save us from disaster.

Economy got us into this mess. Economy needs to get us out.

Climate change would be already solved if somebody figured out how the richest could earn more money when the energy is more expensive rather than when it is cheaper.

Billionaires would singlehandedly legislate all the necessary laws that would make energy as expensive as it really is to our planet. An our livestyles would change against our selfish preference. You wouldn't fly abroad for vacation if it costed more than your annual salary.

People in the developed world would need to be much poorer in relative terms to save the planet from global warming.

Tradeable right for emitting CO2 are great mechanism, because they let rich get richer by driving up the price of CO2 and the high price changes behaviors of energy consumers, producers and whole economy.

[drusenko]

Agreed that we can’t wait. The large majority of the technology we need already exists, we just need to accelerate the adoption that would happen naturally.

A focus on this “punitive” side of things - that we need to pay for our transgressions through a dramatically reduced lifestyle - is just going to ensure that we drive straight off the cliff.

And yes, the economy is going to need to get us out of this. We need to make sure that the incentives are properly structured for the majority of the transformation to happen via the distributed market mechanisms vs being centrally planned.