The EU is increasing hope that the climate can be saved

Oil field in Iraq

An effective climate policy must result in the extraction of oil and coal no longer being worthwhile.

(Photo: Essam Al Sudani)

Anyone who decides to build a solar system on the roof today is not protecting the climate. Switching from a combustion engine to an electric car has no effect either. Even a ban on burning coal will hardly get the world any further on the way to climate neutrality.

That is actually what economic theory says about climate change. The logic behind this: If a country does without coal and oil, these substances become cheaper. The states that have these commodities will sell them, albeit at a lower price. And so it is inevitable that the carbon contained ends up in the atmosphere as CO2 and increases the greenhouse effect.

If climate change is not to make large parts of the world uninhabitable, then an answer is needed that takes such effects into account. Only then will coal, oil and gas remain in the ground.

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