Barrel of oil: ~$80 on the global market. Consider: power of that price: driven extensive human endeavor, $Ts in invest., tech. breakthroughs, creation of some of the world’s largest cos. -all to extract FFs from wherever in the world -can be found. Burning of those fuels +other things, will put ~36B tons of CO2 into: atmosphere this yr. Policymakers would like to push -number to 0. -requires a powerful incentive -why govts must put a price on carbon ASAP. https://www.bloomberg.com/opinion/articles/2024-05-07/climate-change-carbon-pricing-can-be-incentive-to-reduce-emissions
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