Very interesting point by @MattBruenig.
mattbruenig.com/2021/07/24/nor…
It says the following. Norway's emissions per unit of fuel extracted are less than that of other oil producing countries. If we take total oil production as x, it is less CO2 intensive...
mattbruenig.com/2021/07/24/nor…
It says the following. Norway's emissions per unit of fuel extracted are less than that of other oil producing countries. If we take total oil production as x, it is less CO2 intensive...
...to produce it in Norway than elsewhere => Norway's production should *expand*.
Matt's point totally misses the income part. Oil output results in higher income. For a given amount of emissions, it is better for the world that they should be emitted in Nigeria than in Norway.
Matt's point totally misses the income part. Oil output results in higher income. For a given amount of emissions, it is better for the world that they should be emitted in Nigeria than in Norway.
Thus, ideally you should start with the poorest country in the world, let it produce as much oil as possible and then move to the next, until you have exhausted the demand for oil.
Under that pro-poor scenario Norway would produce zero oil.
Under that pro-poor scenario Norway would produce zero oil.
Thus, the objective is not just to minimize total emissions but to allocate the production so that it contributes the most towards global poverty reduction.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
