“The markets would help to clarify exactly the extent to which there is in fact a consensus about climate change. There is, I believe, an abnormally high degree of disingenuousness within the global warming debate, most of it coming from one side. We would very quickly find out if the skeptics — and for that matter the believers — were willing to put their money where their mouths were.”
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Nate Silver on a futures market for global warming (via marbury, ninakix)
The use of markets would be an interesting and effective test of belief as it requires breaking that all too difficult initial barrier of inertia — whether it be political will-power, or overcoming business risk to invest in capital venture. Once you overcome inertia and fear, that’s where the fun and innovation begins.
Reblogged from Young and Brilliant.
