Rent from oil: a goldmine

·LessWrong··

tl,dr: ground rent from fossil fuels is much greater than the negative externality costs of greenhouse gases, implying it is realistic that we can neutralize all emissions in the near future without any further economic deadweight or the need to subsidize other energy sources.The ground rent from fossil fuels represents a massive, poorly managed source of wealth, its entity eclipses many of the modern socioeconomic issues that we face, this includes anthropogenic climate change, a problem strong...

Read full article →

Related Articles

Anthropic S-1
SiNTEx · Hacker News · 16h ago
Solar power is becoming bigger than nuclear
geox · Hacker News · 14h ago
The Exponential Time Hypothesis Is False [pdf]
vok · Hacker News · 7h ago
Oldest GUI application that still runs on Windows 11
enlyth · Hacker News · 11h ago
Type Server Protocol
adamnemecek · Hacker News · 11h ago