What is Giving Compass?
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Giving Compass' Take:
• James Pethokoukis at AEI argues that the Green New Deal is actually using climate change as an excuse to push socialist ideals instead of dealing with the immediate threat against the environment.
• Although there are positive initiatives being discussed, how can donors, philanthropists and policy makers ensure that the Green New Deal will be successful in aiding our environment?
• Here's a more in depth look into the Green New Deal and the question of if it will work.
When you’re a singular planetary species that’s doing something novel to the atmosphere, some measure of caution is warranted. As Harvard economist Martin Weitzman has written, “The probability of a disastrous collapse of planetary welfare from too much CO2 is non-negligible, even if this low probability is not objectively knowable.”
And that uncertainty argues for reasonable, precautionary action. For instance: money for clean energy and geoengineering research, financed by a carbon tax. (And we certainly want to keep the economy as dynamic and innovative as possible.) Doing nothing about climate change is a one-way, all-or-nothing bet with a huge potential downside.
One common counter to my position is that I am a sucker. All this environmental alarmism, these (mostly conservative) super-skeptics claim, is nothing but a crisis pretext for the left to institute its big government, even socialist agenda. “Never let a crisis go to waste” and all that. Even if you have to invent the crisis.
Read the full article about the Green New Deal and climate change by James Pethokoukis at AEI