Addressing climate change will require massive investments in everything from shoring up dams that aren’t ready for future rainstorms to wind farms and workers. It’s a huge shift that will require reorienting the economy and the way the world works.
The covid-19 lockdown in India was so effective it prevented the nation’s massive population of 1.35 billion people from buying a new car for the entire month of April.
Putting a price on carbon is a key element of climate policy. The idea is simple: Carbon pollution is making the Earth uninhabitable, but companies have no incentive to stop polluting because they’re sociopathic. So slap a fee on every ton emitted, and it should (in theory) cause companies to…