On thin ice with the billionaire 5

It is tough to argue with a man with a net worth that begins not with an “m” but with a “b.”  The man didn’t inherit his billions, he got them by investing early in promising but not yet proven technologies.  This suggested the billionaire had the power of clairvoyance and, so, when he talked about the future of the planet and global warming, I had to listen.

What the billionaire had to say to me was shocking.  He argued that the public, you and I, do not really matter when it comes to global warming. It is all about technology, he said.  People will always chose the cheapest, most convenient way.

In his view, the only way to keep carbon dioxide out of the atmosphere is for clever engineers to come up with cheaper more convenient methods to get the job done while producing less greenhouse gas.  In other words, this very rich man was arguing that it matters not a whit whether or not the public is educated about threats to the environment.  Deliver folks cleaner, cost-effective technology and that is how the problem gets fixed.

I thought a lot about this conversation with the billionaire as I climbed to the top of the world to examine clear and present signs of global warming. My destination was the Himalayan glacier that feeds the sacred Ganges River in India, a glacier that scientists say is endangered as the climate changes.  I was accompanied by Conrad Anker, the famed mountaineer who discovered George Mallory’s body on Everest.

The plan was to take our television audience on a memorable voyage of discovery (to India, among other places) with a compelling travel companion (Conrad) consulting with experts along the way.  The operating assumption was the more people engage the global warming issue, the better, regardless of which direction their engagement points them.

But what if the billionaire was right and it is all about economics not about public understanding?  If that is the case I could have left the TV cameras home, spared myself the climb to 15,500 feet, and instead found a convenient beach.

As we continued reporting this project (which airs on PBS Friday, April 17) it became clear how wrong the billionaire was, his business acumen notwithstanding.  During our travels, we came across no course of action when it comes to global warming where there is a free lunch, delivered through technology.  Every single course of action on climate change—do a lot, do a little, do nothing—has a cost to the public.

It seems to me the crucial question policymakers should be asking the public is “Since you have to pay one way or another, how much are you willing to pay for the outcome you want?”  These are tough decisions and it is policy that needs guidance from an informed public that will be asked to make sacrifices under all scenarios.

But don’t listen to me.  Of all the b-words people hurl my way, none of them is “billionaire.”

More about “On Thin Ice.”

David Brancaccio is host and senior editor of NOW on PBS.

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  1. jestbill Posted 10:46 am
    14 Apr 2009

    The billionaire thinks that global warming is a temporary problem that will be solved by a few engineers and a few billion dollars.If he's wrong and GW begins to affect mere millionaires, public opinion will be decisive in choosing how many engineers and how many t(T)rillion dollars get spent.
  2. ParisT Posted 11:17 am
    14 Apr 2009

    It's definitely something to think about - but Im wondering which point of view is more accurate?!
  3. featherfish81 Posted 11:37 am
    14 Apr 2009

    It's true that people want the cheap, convenient alternative.  What education does is show people that what seems to be cheap actually isn't, and that the future costs outweigh the benefits.  Most people are willing to make small sacrifices now in order to have larger benefits in the future.  If not, we wouldn't have such things as insurance or savings accounts.  We just have to convince people that their choices now do matter.
  4. Delay And Deny's avatar

    Delay And Deny Posted 5:54 pm
    14 Apr 2009

     When you think about it, probably 90 percent of technology is here because it's too cold in most places most of the time. Global Warming upsets the apple cart of billionaires who want you to stay in your home, with the heat turned up, watching his gizmos. A warm climate year round, would put you out in a Hooptie, chasing honeys...instead of playing Halo 2200.  
  5. Pangolin's avatar

    Pangolin Posted 6:12 pm
    14 Apr 2009

    I don't know if the billionaire is missing a few neurons or this author is but there are most certainly "free lunch" solutions waiting out there to be picked up.

    On deforestation; rocket stoves take far less time to construct than the saved time spent hunting for fuel in just a week or two. With proper firing they can produce small amounts of biochar which improve crop production sufficient to supplement the soil in kitchen gardens. Less fuel used, less wood cut, more free time, more food produced from one item that can literally be made from clay. A free lunch.

    Ground source heat pumps cost less than a car for most households and pay for themselves in under ten years. After the payoff period energy cost saving go into the pocket of the utility user. Less heating oil used, less coal and natural gas burned, reduced electric loads for cooling; a free lunch.

    Wind power produces up to 40x the energy cost of building and installing the wind turbine when properly sited. That's 39 sandwiches free for the cost of that one sandwich investment.

    Spend a day digging biochar into your food garden and somebody down the road is going to reap the benefits of the soil improvements you made after you die. Improvements that have been shown to last for thousands of years in the case of amazonian Terra Preta soils. That's quite literally a free lunch for somebody.

    Those are four examples where initial investments yield more energy or financial yields than the investment made. While we have to make some initial investment in time and energy we have to do that every day just to raise our children or maintain the status quo. Admittedly it's not sitting on the corner with a begging bowl but even that requires that you sit patiently and wait for the free lunch rather than do anything else. As much as anything is ever free in life climate change solutions are certainly that.

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