[ExI] peak fossil by 2020

[BillK]

On Sat, Mar 30, 2013 at 9:07 AM, Eugen Leitl  wrote:
> However, now is the time to start spending 1-5 TUSD/year
> world-wide. This is a lot of money? Of course. The longer
> you wait, the more expensive it will get.
>


Very true, but to no effect.
Look at the ongoing financial collapse. The politicians have said that
everyone knows what needs to be done, but the problem they have is how
to get re-elected afterwards. It is a failure of democracy.
So everything possible is done to carry on as near normal as long as
they can, while the future bill mounts up. When they finally have no
alternative, the cost to pay will be greater than the world GDP.

(That implies a bit of discomfort for everyone).


BillK