Episode 1778 • • 1:22:44 - 1:31:04
1778: Three Holes One Bag
Wopke Hoekstra, Carbon Credit Scams, Climate Tech Analogies
EU Climate Commissioner Wopke Hoekstra defended a strategy to reach 90% CO2 reduction by 2040 through carbon credits and shipping CO2 for underground storage in Sweden. Critics describe the plan as a "scam of scams" that merely shifts emissions responsibilities to developing nations. Hoekstra's comparison of the climate transition to the market shift between Nokia and BlackBerry was ridiculed for its technical inaccuracy.