“With nine degrees of warming, computer models project that Australia will look like a disaster movie. Habitats for most vertebrates will vanish. Water supply to the Murray-Darling Basin will fall by half, severely curtailing food production.”
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In any crass political calculation, drilling for oil will always win more votes than putting a price on carbon. But if I recall what I was taught in fifth-grade American government class, we elect presidents to do more than crass political calculations.
Bloomberg's $50 million is not going to revolutionize the electric power industry. But his willingness to fight is already inspiring others to see Big Coal differently.
Bill Gates is a relative newcomer to the fight against global warming, but he's already shifting the debate over climate change.
When it comes to energy, cost isn't everything - but it's a lot. Everybody wants cheap power.