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 significance of congestion charging in London according to Professor Oswald?

In what ways could compensating those who cut emissions help reduce global warming?