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08 Jan 2009 03:12 pm
A Green 2009?
Freakonomics hosts a debate: how will clean technology will be affected by the recession? George Tolley:
The major kicker clouding the future remains how high the international price of oil will be; this is a more powerful influence on clean technology adoption than any U.S. policy.
Of course, we get blowback either way. If recovery makes gas more expensive, we bail out Tehran and Moscow. If recession keeps gas prices low, we fail to make the deeper shift toward noncarbon energy that will undermine Tehran and Moscow in the long run.
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