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And that is just what my question tries to elicit. What is the compromise?
I can only think of three alternatives (except from doing nothing) to handle the failure of markets:
1 that EU and US together suddenly decides to effectively tax and/or to use quotas on the using up of natural resources (taxes on CO2 for example) and forces the rest to join.
2 a sort of war economy where the usage of resources are centrally planned on state level.
3 that the trend to secure resources by military means escalates so that those with money get what they want.
Perhaps alt 1 is so unlikely that one should work for alt 2? if one don't like alt 3 of course.