Suppose that climate change is not real and all we do is adopt green technologies, which our economy and our technology is perfectly capable of. Then all we've done is given our kids a cleaner world.
Maybe we need to re-engage our smart, energetic youth around the world to be farmers and find fresh, green technologies that will feed the world more fresh greens.
The Recovery Act, which helped saved the economy and prevented us going into the Great Depression, was the largest investment in green technology, the largest investment in education. We rebuilt roads and bridges.
In the long run, the only solution I see to the problem of diversity is the expansion of mankind into the universe by means of green technology... Green technology means we do not live in cans but adapt our plants and our animals and ourselves to live wild in the universe as we find it... When life invades a new habitat, she never moves with a single species. She comes with a variety of species, and as soon as she is established, her species spread and diversify further. Our spread through the galaxy will follow her ancient pattern.
We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.
It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.
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