Capitalism is perfectly equipped to combat climate change, the problem is that people are fighting the wrong fight. Those trying to make a change are trying to get everyone to wear hair shirts and then wonder why they face resistance.
Despite caring about the effects of global warming, I will often forget to take a carrier bag to the supermarket. So when I get to the till, I will pay the required amount (and it would have to be really high before it would stop me), take my shopping home and bin the bags.
I realise that needless air travel has a negative effect, but I'm fudged if I'm driving to Saudi Sportswashing Machine or getting a train there if I have to go. I'm not holidaying in the UK either for that matter.
Capitalism has the answer. The first person to invent an electric car that is the equal of a real car will be a very, very rich person indeed - the rewards are huge. The same goes for the person who manages to invent environment-friendly air travel. People are always going to want these things, nobody is going to be convinced to reduce their quality of life. That argument has to be about how we provide what people currently have (or better) without causing the damage that current methods will.
Look at LED lighting. Initially it was fudging terrible - took forever to light up, rarely gave enough light, was waaaay more expensive than a standard light bulb, rarely lasted even half as long, etc. Now we do work for a few lighting companies that replace traditional lighting with LEDs and they can't fulfil their order books. Once someone tips technology past the point of equivalence, people will move to it.
Agree with most of the above.
However, governments can introduce legislation to combat some of the problems.
I believe, "3rd world" countries are taking huge steps in the right direction.
Some Examples from the top of my head:
- First, these mostly African countries, are the least contributors to climate change.
- Rwanda, banned single use plastic ( carrier bags , bottles, straws etc. ) a few years ago.
- Nearer home, in Kenya, we banned plastic carrier bags. No retailer is allowed to use these. The penalty
for using these bags was HUGE. There was a lot of "noise" from the retail sector. But the government didn't bend to the demands of big business. Everyone got used to the new reality VERY quickly. We just started taking our own non plastic bags when we went shopping. In case you forget to do so, the retailer is required to provide you with a non plastic, reusable carrier bag at a very reasonable price - like US$ 0.10 to 0.20 depending on the size.
- The government is now trying to ban single use plastic bottles, used primarily for soft drinks, mineral water etc.
This is going to be a big fight, as it is up against multinational giants like Coca Cola etc.
- And BTW, standard light bulbs are banned. You can only buy LED bulbs, torches, lamps etc.
Therefore, it can be done. Maybe difficult, but not impossible.