In conversation with Mark Trexler: “Climate change poses the ultimate game theory problem, in which countries have all sorts of incentives to act or not to act…”.
Illuminem.com
October 18, 2023
Mark Trexler is one of the most astute minds in Climate space. Here are some nuggets that I picked from our stimulating conversation:
To substantially accelerate the #transition to a low carbon economy requires the kinds of policy decision making and leadership that are politically very difficult to deliver.
The only way to actually #mitigate climate change reliably and quickly, assuming that’s possible to begin with, is through public policy.
In effect you would be internalizing the #externality that greenhouse gases are creating in terms of future damage.
Studies suggest that 80% of the market might be made-up of #fakeoffsets.
If offset markets continue to be dominated by fake offsets, then I think one can argue that they are little more than a distraction.
To assume that we’ll simply use markets to tackle climate change is something that we should approach skeptically.
Mark cautions: Observers often draw an analogy between phasing out #CFCs and phasing out greenhouse gases or GHGs. But phasing out #GHGs, he says, is far more complicated then phasing out CFCs, and that’s part of what makes climate change a wicked problem.
Please read on…
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