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But, a lot may depend on the State Department’s final review which is expected to come out in a few months time, with Obama expected to make his ultimate decision later this year.
In March, the State department upset the environmental community when it said that the pipeline will not accelerate the pace of global warming.
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His idea makes even more sense when put in the wider context of global efforts to secure a new international green deal in 2015.
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canada goose outlet online uk In order to side step around the problem, Harstad suggests that the new treaty should develop a new system whereby nations can buy fossil fuels from other countries and effectively pay them to keep them in the ground: canada goose outlet online uk
“The coalition can then reduce its own supply marginally without fearing that non participants will increase theirs. Consequently, the consumption price is equalized across countries, as are the marginal benefits from consumption.”
canada goose outlet store uk “The policy lesson is that purchasing fossil fuel deposits, with the intention of preserving them, may be the best possible climate policy.” canada goose outlet store uk
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Harstad’s idea isn’t so different from Norway’s current efforts to pay Indonesia $1 billion to stop tearing down its trees. Deforestation uk canada goose outlet is thought to contribute up to 17 percent of global warming as trees store carbon which is then released back into the atmosphere when they are chopped down.
Perhaps this academic from Norway has come up with one of the many novel solutions that our world will require to stave off the worst effects of man made climate change. In cheap canada goose uk Obama’s own words:
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