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THIS POST IS A PRESENTATION OF AN UNRESOLVED ECONOMICS PUZZLE IN THE PROPOSED CLIMATE ACTION PLAN OF REDUCING FOSSIL FUEL EMISSIONS
- BACKGROUND: Climate scientists have determined that the use of fossil fuels since the industrial revolution has caused carbon dug up from under the ground to be released into the atmosphere. It is argued that because fossil fuel carbon is not part of the current account of the carbon cycle it acts as a perturbation that causes atmospheric CO2 concentration to rise and thereby to cause warming by way of the greenhouse effect of carbon dioxide. Climate scientists have also determined that such warming is unnatural, human caused, and harmful to nature and to the planet itself and that therefore it cannot be allowed to continue. Climate scientists have therefore…
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