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Myles Allen, professor of climate dynamics at Oxford University, said carbon disposal technologies would be needed as "backstop" options because they would be the only way to reduce net carbon emissions into the atmosphere to zero, and thus stop temperatures from continuing to rise.
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By this reckoning, the UK would do better to invest in the expensive "backstop" option of carbon disposal rather than incremental reductions in emissions rates, which were puny compared with the growth in emissions from rapidly developing nations.
The government documents reveal that a more ambitious air quality plan was considered, with the Department for the Environment, Food and Rural Affairs (Defra) stating in September 2015 that "the current plan represented the backstop option to tackle air quality which has already been pared back considerably".
For years, consumers have viewed life insurance as a mere financial backstop, but by exploring options to keep policies in force, additional value can be attained for policyholders and their beneficiaries.
The hope now is that the option of backstop support will help bring borrowing costs down to a reasonable level.
Economic aspects of technological innovations are explicated through the concepts of backstop technology, technological induction, uncertainty, and option value.
"In other words," Mr. Nelson said, "if somehow the private market doesn't respond the way that it's supposed to, then it would trigger a public option or a government-run option, but only as a fail-safe backstop to the process".
Calls for "alternative means" to the backstop.
The Obama administration has proposed several options for a smaller federal role in backstopping mortgages: the companies' regulator is exploring how to draw private insurers into the mortgage market via loss-sharing arrangements with Fannie and Freddie.
Will the G-20 Group of Nations and Europe's weak confederation of political leaders and hamstrung Central Bank take decisive steps to backstop European banks and sovereigns that have run out of purely local options to preserve their solvency?
If the middle class is to be guaranteed this option it is an option since equity builds so slowly then government has to backstop it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com