en.wikipedia.org - European Union Emission Trading Scheme...
The European Union Emissions Trading System (EU ETS), also known as the European Union Emissions Trading Scheme, was the first large emissions trading scheme in the world, and remains the biggest. It was launched in 2005 to combat climate change and is a major pillar of EU climate policy. As of January 2013, the EU ETS covers more than 11,000 factories, power stations, and other installations with a net heat excess of 20 MW in 31 countries—all 27 EU member states plus Croatia, Iceland, Norway, and Liechtenstein. The installations regulated by the EU ETS are collectively responsible for close to half of the EU's emissions of CO2 and 40% of its total greenhouse gas emissions.
No matter how I look at it, transitioning away from fossil fuels is expensive.
Is there an easy way out? Don't think so.
Although I think hydrogen fuel and nuclear power is a possibility. But we're not there. In fact, to get there we'd have to build a whole hydrogen fueling structure and policy for producing ti. Not easy.
We'll probably just start using a lot more natural gas.
I don't see anyting happening quickly without great economic upheaval. Even if we had a superior technology today it would still have to be applied and there'd be lots of people out of work. We can't just switch technologies. It requires people to switch their skillset which means going to school. And they'd already be in huge debt due to fossil fuel investment going sour.
People have invested their whole life in fossil fuels. Even nations. That's why it matters.
edit on 10-2-2013 by jonnywhite because: (no reason given)