The Wall Street Journals’ bloggersÂ have shared their pessimism aboutÂ Â rising global GHG emissions.Â Here is their piece’s last paragraph;
“But the fact remains that all that lies between us and â€œa long-term global temperature increase of more than 3.5 Celsuis with dangerous consequences for the global environment and human welfare,â€ is a hoped-for technological miracle.”
But, for those of you who are cautiously optimistic about our future, there are some things you can point to.Â California’s ARB will roll out its Cap & Trade program soon.Â I believe in the “green guinea pig” effect. California’s regulatory effort will provide a field experiment that will teach us whether “negative NPV” carbon reduction investments truly exist.Â McKinsey’s optimismÂ will have its day in court.
Also, don’t forget about adaptation!Â Â When you see a punch coming at your face, do you duck or do you take it on the chin?Â We can (and we will) see the punch coming.Â UPDATE: Here are two examples from Texas:Â Example #1Â and Example #2 on cattle migration.