One Small Step.....
One Small Step….. GangaPrasad Rao gangaprasadmeal@gmail.com Paris is behind us, and all is well with the world!....... But seriously, and unless a global technology cartel, possessing a zero-emissions, near zero- marginal cost, closed-cycle nuclear technology is blackmailing the peoples of various nations (Wish the bourses could bet on such bizarre possibilities !), our global Commons, our lives, and those of future generations, are at significant risk - 150 heads of state notwithstanding. Carbon permits are the academically-recommended instrument to inventory, contain and shrink CO2 emissions back to climate sustainability. But in the decades since it was first suggested, buying permits has been entirely the onus of the industry that consumes energy to produce private household goods, intermediate goods, as well as public goods and services. The fact that it is demand from end users - households, businesses, and the Government - that drives the demand for energy, is elementary, but of...