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...

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