The $8 Trillion Fight Over How to Rid America of Fossil Fuel
Eric Roston August 30, 2016 — 6:00 AM EDT
For every economist, there exists an equal and opposite economist, and they’re both wrong.
Like many jokes, this one is funny (to economists, anyway) because it’s true. What isn’t so funny is its application to the biggest challenge of the 21st century: How to shed a fossil-fuel energy infrastructure that seems hell-bent on destroying us. There are several camps trying to decide how much we must spend to avoid environmental disaster. Consensus on a grand total is a matter of degree, with estimates varying by as much as $8 trillion.