1) Climate tests: From here on out all new infra investment succumbs to a test - does it electrifies everything...or not. It’s binary. Is your car electric, or not. Is your house all electric, or not. #KXL fights have made infra climate tests a thing, this gives them teeth
2) The upshot of those binary tests is that most versions of beloved climate hawk policy aren’t relevant because they’re based on incremental improvements and tech agnosticism. RIP CAFE & emissions trading. Welcome RPS. Sorry Climate olds but we can’t keep peddling that stuff
3) Climate mandates not markets: Markets alone will at best deliver a 3-4 degree world because they can’t drive a transition dictated by capital stock turnover. It’s too slow & regs and subsidies shelter incumbents from those forces. Economics aren’t destiny friends
4) Climate Mobilization: Markets alone cant mobilize on the timeline and scale needed to meet a 1.5 deadline. We need a wartime mobilization that only government intervention can drive. You know, that whole Green New Deal thing
Really great stuff that is informed by markets, economics and cost curves but not beholden to them. Climate hawks have to ditch the invisible mental chains of incrementalism, market sovereignty and technology agnosticism. It’s holding us back, this helps move us forward
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