Lead and hope the worlds follows?
“There are plenty of bad objections to taking such action, and we will be hearing a lot of them in the weeks and months to come. Yet one criticism — let us call it the Sophisticated Objection — deserves respectful consideration, not least because answering it will help us to specify the steps we ought to be taking. Those who make the Sophisticated Objection acknowledge that climate change is a serious problem, and that the world’s nations should be doing something about it. They contend, however, that unilateral action by any country, including the U.S., will impose significant costs without producing significant benefits. The underlying problem is that the risk of climate change is a product of two things: the existing “stock” of past greenhouse-gas emissions and the continuing “flow” of such emissions.” [Bloomberg]