And since everyone needs to eat and regulate the temperature in one’s home, neither technology creates much moral hazard. While some will welcome EVs as a way to decarbonise their suburban commutes, others will see a new moral hazard. How, then, to assess whether any given climate technology will deliver as promised? It is moral hazard to think that technology will save us. Whether a climate solution creates a moral hazard has little to do with the solution itself, and everything to do with us.

Source: The Guardian June 08, 2023 07:13 UTC