Hi, Jake! I’ve spent some very frustrating time in recent days speaking to some global warming…
David Piepgrass
11

I didn’t say that research isn’t welcome or needed. It is. We should fund that research through government tax benefits and grants. There are many avenues of research to pursue and I think it is a worthy goal.

However, what I am saying is that efforts to assess taxes around carbon dioxide are pretty dodgy. Creating markets for carbon dioxide indulgences doesn’t help either. It’s an attempt to manipulate markets. Every time we attempt to manipulate a market, even for the very best of reasons, it’s like playing whack-a-mole. Corruption opportunities grow, and faith in the system falls apart. Even if it works in the short term, long term prospects are grim. This would have to be a long term project. While it may be possible to distort a market for short term goals, long term projects like this don’t stand a chance of achieving much of any goal.

In particular, basic research in to foundational technologies such as molten salts, flow batteries, fuel cell catalysts, and so forth, is very desirable. The problem with renewable energies is that they can’t store or transport power economically. Without a reasonably safe, compact, and efficient storage system, renewables will remain a niche player in this market.

If you want to see things change as fast as possible, throw some basic research in to the mix, contract for a few demonstration projects, and then get out of the way. The market will take care of the rest.

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