Global Warming Bonds: A Radical Proposal to Tackle Climate Change

The video discusses the urgent need to reduce dependence on fossil fuels, highlighting Andrew Oswald's proposal of global warming bonds as a solution. These bonds aim to incentivize faster changes in carbon-emitting behavior, with payouts starting in 2045, funded by future generations. Current energy solutions like hydrogen and renewables are deemed insufficient. The video also covers the effectiveness of congestion charging in London and suggests a nationwide system to reduce transport reliance. It concludes with the idea of compensating emission reductions through bonds to combat global warming.

What is the main purpose of Andrew Oswald's global warming bonds?

• To fund renewable energy projects

• To create incentives for reducing carbon emissions

• To support fossil fuel industries

• To increase government revenue

Why are hydrogen vehicles not considered a complete solution?

• They are too expensive to produce

• The energy to create hydrogen is not from renewable sources

• They emit more carbon than traditional vehicles

• They are not widely available

What has been an effective measure in London to reduce traffic?

• Increasing public transport fares

• Implementing congestion charging

• Subsidizing electric vehicles

• Building more roads

How has energy consumption in the UK changed over the last 35 years?

• It has remained stable

• It has doubled

• It has tripled

• It has decreased significantly

What is suggested as a viable way to reduce global warming today?

• Compensating emission reductions with bonds

• Banning all non-renewable energy sources

• Investing in nuclear power

• Increasing taxes on fossil fuels