[ad_1]
Re: “Putin’s failed energy offensive” [April 10, Opinion]:
My greatest takeaway from Paul Krugman’s column was his statement (which he calls the massive story) that Europe was in a position to alter to the sudden lack of Russian fuel and elevated fuel costs with no recession. How was that doable? Partly as a result of different sources of pure fuel and use of coal fired era, however primarily as a result of Europe’s growing dependence on renewables.
He then causes that if democratic economies can efficiently alter to sudden surprising change in power costs, then “a gradual, deliberate inexperienced power transition could be far simpler than pessimists think about.” Washington state’s not too long ago activated Local weather Dedication Act’s cap and commerce coverage is an instance of deliberate gradual strategy to cut back emissions. The primary public sale has gone easily, and there’s no dire prediction of giant job losses — moderately job good points are anticipated in renewable power.
Trying on the nationwide stage, we might apply a progressively growing worth on carbon and never count on the sky to fall. I hope a future Krugman column will assist a carbon worth because it meets his standards of a gradual and deliberate strategy to cut back remissions.
Kristi Weir, Bellevue
[ad_2]
Source link