Increasing fuel prices would increase the cost of everything else too, lowering living standards globally. It would effectively be a flat tax for the whole humankind.
I agree this would accelerate the green transition, but there’s currently no direct replacement for diesel/heavy fuel oil (which container ships, heavy trucks and tractors require) and natural gas. Well there is biodiesel but that requires turning fields from growing food to growing oil plants needed for the fuel.
Current battery tech is still only satisfactory for personal transportation.
How much do you think extreme climate change is going to lower living standards globally?
If personal transport and home heating and whatnot were transitioned fully to green energy, and fossil fuels were used exclusively for large-scale shipping, it would be a huge net gain.
Increasing fuel prices would increase the cost of everything else too, lowering living standards globally. It would effectively be a flat tax for the whole humankind. I agree this would accelerate the green transition, but there’s currently no direct replacement for diesel/heavy fuel oil (which container ships, heavy trucks and tractors require) and natural gas. Well there is biodiesel but that requires turning fields from growing food to growing oil plants needed for the fuel. Current battery tech is still only satisfactory for personal transportation.
How much do you think extreme climate change is going to lower living standards globally?
If personal transport and home heating and whatnot were transitioned fully to green energy, and fossil fuels were used exclusively for large-scale shipping, it would be a huge net gain.