Norway’s Climate Dilemma
Carlos Joly, a finance-and-climate consultant, has a piece today on the upcoming election in Norway, one of the world’s major exporters of oil and gas. To its credit, Norway puts its earnings in a fund to support future generations after its deposits are exhausted, known to economists as the Hartwick Rule. That’s great for economic sustainability in Norway, but what about the threat its fossil fuel industry poses to the entire world?
Joly notes that the mainstream parties consider only domestic fossil fuel consumption, with the Labor Party proposing to go “carbon neutral” on that front by 2050. (The neutral qualifier is highly problematic, as I show in my forthcoming book, Alligators in the Arctic and How to AvoidRead More »