Martin Wolf: Green energy will require a green tax code

Filed under: International markets, Forecasts, Politics

FT columnist Martin Wolf argues, quite persuasively, that Copenhagen follow-through will be essential to end climate change. And by follow-through Wolf means incentives -- big subsidies -- for green technology and new technology.

First, Wolf effectively refutes any confidence climate change doubters may have: it's not enough to question the science, because the risks of you being wrong far outweigh the risks if climate change is not occurring. That's because, if the doubters are wrong, there is a climate catastrophe up ahead: a destructive and irreversible climate shift. Conversely, if fossil fuel-based climate change is not occurring, the consequence from cleaner technologies will be the universal use of green energy and renewable energy resources.

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Martin Wolf: Green energy will require a green tax code originally appeared on BloggingStocks on Tue, 08 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

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