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Akimbo · January 22, 2020 · 21m

The Game Theory of Carbon

Godin applies game theory to climate change. Why the climate crisis is a coordination problem that cannot be solved by individual action alone — but why individual action is still necessary to change the game.

Highlights

Climate change is a tragedy of the commons — but the commons is the entire atmosphere
Godin: the carbon problem is a prisoners' dilemma at planetary scale. Every country benefits from emitting freely and every country suffers from others' emissions. No individual actor can solve the problem alone.
Individual action matters not because it solves the problem but because it changes the story
Godin: your personal carbon footprint is insignificant at global scale. But your choices signal to others what's acceptable, shift social norms, and create market demand for alternatives. The value of individual action is narrative, not mathematical.