Economists have failed

Economists have failed to solve the Climate Change problem. Economics is a good tool, but it's what you do with the tool that counts.

As a futurist I look for trend breaks that indicate fundamental shifts in existing trends. Despite all the hype and all the talk and media attention that climate change attracts there remains NO TREND BREAK in the atmospheric CO2 levels (shown below).


















This means "leaders" are failing to exercise true leadership, business is not making a contribution and even more sadly - some of those who can make a difference and understand the problem can't find work.

To the economists I say your form of Economics has failed. It has not failed because there is a problem with economics, no Sir or Madam, it has failed because the rules of economics don't work when the boundaries are not clearly defined or properly quantified. The proper boundaries have not been established. The idea that the price of energy or carbon can solve everything is only valid when the price is correctly defined, and in the fossil fuel versus alternative energy debate this is not the case. The plot above is a testimony to this.