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Monday, December 14, 2015

Paul Krugman: Hope From Paris

"Paris gives us real reason to hope":

Hope From Paris, by Paul Krugman, Commentary, NY Times: Did the Paris climate accord save civilization? Maybe. That may not sound like a ringing endorsement, but it’s actually the best climate news we’ve had in a very long time. ...
Until very recently there were two huge roadblocks in the way of any kind of global deal on climate: China’s soaring consumption of coal, and the implacable opposition of America’s Republican Party. ... But there have been important changes on both fronts.
On one side, there is a visible shift in Chinese attitudes... China faces a huge air quality crisis, brought on largely by coal-burning, which makes it far more willing to wean itself from the worst form of fossil fuel consumption. And China’s ... rapidly growing middle class ... demands a higher quality of life, including air that’s relatively safe to breathe. ...
Which brings us to the U.S. Republican attitudes...: the G.O.P. is spiraling ever deeper into a black hole of denial and anti-science conspiracy theorizing. The game-changing news is that this may not matter as much as we thought..., new technology has fundamentally changed the rules.
Many people still seem to believe that renewable energy is hippie-dippy stuff, not a serious part of our future. ... The reality, however, is that costs of solar and wind power have fallen dramatically, to the point where they are close to competitive with fossil fuels even without special incentives — and progress on energy storage has made their prospects even better. Renewable energy has also become a big employer...
This energy revolution has two big implications. The first is that the cost of sharp emission reductions will be much less than even optimists used to assume... The second is that given a moderate boost — the kind that the Paris accord could provide — renewable energy could quickly give rise to new interest groups with a positive stake in saving the planet, offering an offset to the Kochs and suchlike.
Of course, it could easily go all wrong. President Cruz or President Rubio might scuttle the whole deal, and by the time we get another chance to do something about climate it could be too late.
But it doesn’t have to happen. I don’t think it’s naïve to suggest that what came out of Paris gives us real reason to hope in an area where hope has been all too scarce. Maybe we’re not doomed after all.

    Posted by on Monday, December 14, 2015 at 12:33 AM in China, Economics, Environment, Politics | Permalink  Comments (94)


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