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Climate Change and Choosing Where to Invest -- New York Times
"Climate change as a weather phenomenon isn’t going to affect your portfolio in five to 10 years. But in the shorter term, there is policy and regulatory risk to climate change."
“If you accept the premise, as we do, that some sort of carbon pricing and/or regulatory regime is going to emerge over the next decade, you have to incorporate that risk...”
Interesting article. They use potential carbon pricing and/or regulatory regime as headwinds the fossil fuel industry, I'd be very curious to see how all fuels competed in the marketplace if they were completely free of any tax breaks, incentives, depreciation allowances, cap ex treatments, etc. - make them all tax neutral and I would wager that wind and solar would be most cost effective. My reasoning is that all of the development, production, distribution costs would cancel out and all that would remain was the cost for the owner of the raw material. er, and the wind and sun are free.
As a government, they should use their fiscal policy to Discourage the use of non-renewable resources - not Encourage them as the do today. They should at the same time Encourage the use of renewables. feh. The cretins.
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Interesting article. They use potential carbon pricing and/or regulatory regime as headwinds the fossil fuel industry, I'd be very curious to see how all fuels competed in the marketplace if they were completely free of any tax breaks, incentives, depreciation allowances, cap ex treatments, etc. - make them all tax neutral and I would wager that wind and solar would be most cost effective. My reasoning is that all of the development, production, distribution costs would cancel out and all that would remain was the cost for the owner of the raw material. er, and the wind and sun are free.
As a government, they should use their fiscal policy to Discourage the use of non-renewable resources - not Encourage them as the do today. They should at the same time Encourage the use of renewables. feh. The cretins.
A good read is Natural Capitalism.
and so it goes,
peace,
rono
Umm ... Anyone notice the price of NYMEX crude is off about 90% over the last year or so?