In my climate piece today I make a detailed case for massive investment in R&D. I want to outline my argument here in the simplest possible terms:
- I am all in favor of building out green energy infrastructure on a huge scale. This means primarily solar, wind, nuclear, grid upgrades, and massive electrification of the economy.
- However, this is a big political lift and isn’t likely to happen. More to the point, it only barely matters anyway. Electrification can probably solve only about half our global greenhouse gas problem by 2050, and even if the United States (and Europe) cut their carbon emissions to zero today it would barely be a bump in the road to ever increasing global warming.
- This is the key: global warming is global. Any serious plan has to include a plausible way to reduce carbon emissions in China, India, southeast Asia, and other non-Western countries, which is where virtually all of the increase in carbon emissions is coming from. However, they have shown no inclination to sacrifice their economic growth by radically reducing their carbon emissions. I know this is a conservative talking point designed to allow them to shrug away any action, but it happens to be true anyway.
- There’s really only one way to get all these developing countries to cut carbon emissions: massive R&D that develops new, cheaper ways of providing energy. This has to include not just electric generation, but also things like cement, airplane travel, land use, chemical production, and other things that electrification won’t solve. Importantly, it also has to include some way of removing carbon from the atmosphere, since no matter how much we reduce emissions we’re still going to end up with too much carbon in the atmosphere by 2050.
- Then we give away all our new technology for free to everyone.
That’s basically it. Naturally you want some evidence that I’m right about all this stuff, and for that you have to read my full piece in the current issue of the magazine. Click here for all the grim and gritty details.