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One reason why the climate agreement will have a positive impact, from Robert Reichquote:The real significance of the accord is its effect on private investment decisions. It seems very likely that the value of private investments in oil, gas, and coal will now drop far more than they already have, and the value of investments in wind, solar, biomass, and nuclear energy will rise. The result: Hundreds of billions of private dollars will now pour out of dirty fuels and into clean ones.
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Dec 14, 2015 19:14
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I think people are really underestimating the power of peer pressure, especially when non-compliance could adversely affect diplomatic relationships with other countries. Also remember they have to come back in five years with new proposals and showing that they have taken steps to comply to the targets and their already communicated plans. A lot will hinge on the U.S. continuing with their targets (which are almost all driven by executive action that don't need congressional approval). So the effectiveness of this agreement really hinges on whether Democrats keep control of the White House. theblackw0lf fucked around with this message at 19:56 on Dec 15, 2015 |
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Dec 15, 2015 19:54
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