Will replacing vehicles powered by internal combustion engines (ICEs) by those powered by renewable electricity reduce greenhouse gas emissions? It depends on too many variables to justify the actios taken by governments worldwide. A researcher for Jefferies, an investment bank, pointed out that:
To gain the environmental dividend that governments are looking for, users are going to have to keep them [ie EVs] longer, drive them further than they may have done with a conventional internal combustion energy vehicle.
When they leave the factory, these [electric vehicles] are at a disadvantage. They contain more steel. The brakes are bigger. The battery packs are certainly heavier. Source
Goehring & Rozencwajg, a
research firm focusing on contrarian natural
resource investments posted a blog in which they call into question a comparison of ICEs and EVs conducted by the Wall Street Journal and, citing the work performed by
Jefferies, argue that there could literally be 'no reduction in CO2
output' in some EV vs. ICE comparisons.
I have no opinion as to whether EVs are worse
for the environment than ICEs. Even if they are, currently, technology is rapidly changing. As well, brake dust and pollution from tire wear are probably as toxic as engine emissions. These facts point to the need to stipulate the environmental outcomes that we want to achieve, rather than the supposed ways of achieving them. The next step would be to reward those who bring about those
outcomes, however they do so.
The problem, and solution, are similar to those concerning nappies. The seemingly simple
question of disposable versus cloth embodies in microcosm the
inescapable difficulty of making policy about bigger concerns. There are
always angles that we cannot foresee. Cleo Mussi, for instance, writes
to the New Scientist:
.... I wonder whether the research comparing [cloth] to disposables took into account the fact that babies using cloth nappies tend to be toilet-trained day and night at a much earlier age – there is little more uncomfortable than a wet cloth nappy. A difference of six months to a year would lead to a child using 1100 to 2200 extra disposable diapers or nappies – a lot of extra landfill. Cleo Mussi, Letter to the editor of 'New Scientist', 12 DecemberOur environment and society are too complex and changing too rapidly for us to favour even one of two types of nappy, just as we cannot say whether EVs or ICEs are preferable. Yet the way we make policy makes little allowance for such difficulties. Typically, a government (heavily influenced by corporate interests or ideological baggage) makes a top-down, one-size-fits-all decision, ostensibly based on fossilised science, and then moves onto something else, rarely revisiting or even monitoring (pdf) its performance.
When bigger challenges than nappies loom, this way of doing things generates commensurately bigger problems. Whether it's climate change or health or global conflict, neither government nor any single conventional organisation can know all about the relevant human and scientific relationships, let alone keep up with them. Nor can they anticipate the diverse effects their policies will have over both time and space. The complexities are too great, and any single body is going to be too pre-occupied with its image, the latest events, or its members' individual goals to care much about outcomes.
Only people who are continuously motivated
to achieve our goals, to look at the effects of their initiatives, and
to adjust their ideas accordingly, can develop the diverse, adaptive
approaches that we need to solve our social and environmental problems.
Social Policy Bonds are one way in which we could stimulate such
initiatives. They have other benefits: most significant here is that
issuers of the bonds do not need to specify how a problem is to be
solved in order to get people started on solving it. Our goals are
stable: the optimal ways of achieving them, especially when complicated
by time lags, feedback loops, a multitude of known, unknown and
unknowable variables, are not. We can and, in my view, should, issue
Social Policy Bonds targeting such goals as solving huge, urgent
problems such as climate change even though the ways
in which they are to be solved lie are beyond the purview and time horizons of policymakers.
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