How About Bailing Out the Atmosphere?
I heard Al Gore on "NPR Science Friday" a few weeks back talking about what it would take to get us out of the climate catastrophe that's bearing down on us. The biggest single step, he said, would be to convert the entire U.S. vehicle fleet to electricity. He said that is possible within 10 years if we—industry and government in the main—mount an effort akin to what we did for World War II.
All well and good, but government and industry almost never move that fast.
Until now. The Wall Street-mortgage-Fannie-Freddie-Merrill-AIG-who's-next crisis has politicians, bureaucrats, and captains of industry moving faster than they ever have before, and we're about to see a $700 billion bailout that may not even work.
Just think if those same forces took the climate crisis seriously enough to do something similar on that score. We could turn the climate mess around in Al Gore's 10 years, easy. And everyone would be the better for it, including Wall Street.