But sadly, as soon as DT gets to solutions, he falls into exactly the same trap as the people he is criticising: Instead of putting all the money in the conventional wind and solar panels boxes, some of it should go on research and development. Did you spot the error? The chances are that if you're a researcher you didn't :-). The error is once again trying a top-down directed approach to what should be done. The answer is a carbon tax, and let the market sort things out. Alas people like DT like that idea no more than people like SE like it, because it gives them nothing to pontificate about.
Fortunately there seems to be a genuine chance that solar will spread quickly enough so solve all our problems, despite the general incompetence. And people are currently doing a really bad job on working out the costs of GW1, so this may be for the best. Although effectively saying "don't worry, all will be well" seems a poor plan, given past experience.
* Carbon budgets and carbon taxes.
* It took me ages to find this so I'll put it here, but its NSFW: Oglaf/Intermission.
* What made solar panels so cheap? Thank government policy?
* As Congress Tackles Climate, Markets Are The Engine But Policies Set The Direction - Forbes
* 7. @BarackObama green stimulus investments pumped $200 billion into renewables, efficiency, and transportation and succeeded politically where cap and trade failed. The huge progress that wind, solar, and EV have made since can in large part be traced back to those investments says Ted Nordhaus.
1. As ATTP notes in "10% of GDP?"
2. Though now I think about it, I'm actually opposing attempts to spend money "wisely", if "wisely" is read as "after careful consideration by some central authority". But I am arguing for trusting to the "wisdom" or perhaps knowledge of individuals and smaller entities.