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6min chapter
The Economy Stinks, and Dr. Doom is Not Hopeful
On with Kara Swisher
Are We Going to Get Worse? And What Do You Hope That You Got Wrong?
I'm all in favor of decarbonizing and we've rightly bashed fossil fuels, but they've collapsed their own capacity of new production. That's why Brent Oil prices were already $100 per barrel before the Russian invasion of Ukraine. Mitigation means net zero implies negative economic growth with current technologies. Adaptation is too costly and geoengineering is frick science; those solutions are not. And carbon taxes, as I said, to achieve two, you need a carbon tax of $200 a ton. Is it inevitable? Absolutely not. Are the policies that are going to lead to prevented? Yes. But my view is those policies are hard to achieve. The question is, are we
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