Mmm, I think I am understanding your point. Which I guess takes us back to the question of "How much evidence of a phenomenon is required before action is required?"
In the 1970s you have a theory which suggests some risks of putting CO2 into the atmosphere. You have no firm observational verification of this theory. The costs of action were great and the costs of inaction were ill-defined and poorly quantified. There were possible benefits of both action and inaction. The cost-benefit analysis of climate change policy was in its infancy if even conceived.
Essentially, the risk of putting more CO2 into the atmosphere was very poorly quantified with many unknowns.
When you assess risk, it is the unknown but potentially globe changing activities that carry the most risk and warrant the most research BEFORE you put start using those resources.
At the end of the day, fossil fuels were relatively cheap and abundant, and no one profiting from fossil fuels wanted to voice concerns that might dampen those sales. It is a classic case of feigned ignorance is bliss. Also, there was no real green movement at the time. It wasn't until we stopped looking the other way (e.g. PCB pollution) that we realized we couldn't ignore pollution away.
I am saying that there was no solid observational evidence that atmospheric CO2 was increasing or that temperatures were increasing,
That is partially true. We had no observational evidence which direction atmospheric CO2 and temperature were going. That should scare people, not make them confident that fossil fuels are not a problem. If you know something can cause environmental damage, and you have no way of knowing if it has already caused that damage, how reckless is that?
To use another example, there are a few gold leeching mines in my area of the country that use vast amounts of cyanide to dissolve small particles of gold. They are required to constantly test downstream water ways for cyanide to ensure that they aren't polluting. Imagine if they didn't do that? How would they know that they were causing environmental damage until it was too late?
My other comments are similar to these. If you don't know what damage could happen, and there are hints that damage could be caused, then you should wait before using the technology.
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