Eggs In the Carbon Basket
It is unwise for British Columbia (or any other place) to put all its economic eggs in the carbon basket, namely coal, oil, bitumen and natural gas. Why? The whole market will collapse rather suddenly and we will be stuck paying for the infrastructure. We should have alternative supports for our economy in place. Why will it collapse suddenly?
~ Roedy (1948-02-04 age:69)
- The cost of solar power is dropping steadily. Solar power has the advantage of requiring no fuel and having very little environmental impact. When the cost drops to a certain point, the world will see the writing on the wall and will stop investing in carbon-based fuels.
- The serious harmful effects of climate change are getting harder and harder to ignore. The public will be forced to stop wishful thinking that climate change is nothing to worry about or explaining it as some fantastic secret conspiracy that every scientist in the world, even those working for oil companies, is in on. Even public opinions on scientific matters are subject to herd think. There will be a relatively sudden and massive shift in opinion and the public will demand something be done to stop CO₂ emissions.
- The price of carbon based fuels will rise as we mine the easy carbon and have to go after the more expensive and impure carbon. The cost of measures such as carbon sequestration will push the price higher still. Carbon will have a harder and harder time competing with various green technologies, especially when the public realise how the CO₂ they emit is killing the earth.