How to decarbonise

Central planning in decarbonisation will impose excessive costs upon society

Governments are essential to the process of decarbonisation. Carbon dioxide is a pollutant, where emissions by one person impose a negative externality upon another. State coercion is required in order to reshape the incentives of the polluter. Fossil fuels are so deeply interwoven into the fabric of the modern economy that decarbonisation has far-reaching impacts all across society. A large-scale change in the mechanisms of production and consumption of energy is required. This change will be achieved at the lowest cost to society if it is not centrally planned.

The big idea of climate change is that CO2 is a pollutant.