Eleven years, that’s all the time we have left to cut CO2 output in half. Yet the U.S. and, especially, China, are increasing CO2 output. Is the solution a “Green New Deal?” Here’s an audio interview I did with economic historian Richard Smith.
He explains that time is too short to experiment with carbon tax ideas. He says the U.S. flatly needs to take over the fossil fuel and transport industries. He proposes a multi-trillion-dollar buyout. Smith had written about this on New Politics in an article “An Ecosocialist Path to Limiting Global Temperature Rise to 1.5 Degrees C.”