Let’s Not Braise the Planet

According to a report released by the Carnegie Endowment for International Peace last month, we are not running out of fossil fuels anytime soon. Since the dawn of the industrial revolution we’ve used around 1.2 trillion barrels of oil; the report estimates that with current technology we can produce roughly five times that much. With future technologies, it may well be that the suffering sky is the limit.

This reduces the issue of conversion to clean energy to one of ethics and intent. Our ability to turn around the rate of carbon emissions and slow the engine that can conflagrate the world is certain. But do we have the will?

The chief economist at the International Energy Agency recommends leaving two-thirds of all fossil fuels in the ground. Makes sense to me, but if you’re an oil executive scarcely being charged for the global damage your industry causes (an effective annual subsidy, says the International Monetary Fund, of nearly $2 trillion, money that would be better spent subsidizing nonpolluting energy sources), responsible to your shareholders and making a fortune, would you start erecting windmills?

Read full text at The New York Times