If It Worked for the Chronometer…

The debate goes on about EDF’s competition to visually explain how a carbon cap will solve our addiction to oil. Joe Romm critiqued the competition as “bizarre” since it asked people to “explain something that isn’t true.” I responded by saying that MIT’s climate model supports us. This prompted another response from Romm titled “EDF’s and MIT’s magical thinking on carbon caps and oil.”

As I mentioned in my previous post about this thread, the discussion was not yet over. I posted my latest response on Gristmill and Environmental Economics.

The gist? History helps illustrate why, if anything, we are underestimating likely technological progress.

This post is by Gernot Wagner, Ph.D., an economist in the Climate and Air program at Environmental Defense Fund.