Emeritus Prof Christopher May on Nostr: Can the #capitalist market system offer solutions to the #climatecrisis? Nearly two ...
Can the #capitalist market system offer solutions to the #climatecrisis?
Nearly two decades after the Stern report, many still think #emissions markets are the best way to deal with the negative externalities of #pollution & environmental degradation.
But, as the OECD notes over 60% of emissions from developed countries' economies remain unpriced, with only 10% taxed at a level approaching the full cost of carbon emitting.
A market solution is just too slow!
h/t Alan Beattie (FT)
Nearly two decades after the Stern report, many still think #emissions markets are the best way to deal with the negative externalities of #pollution & environmental degradation.
But, as the OECD notes over 60% of emissions from developed countries' economies remain unpriced, with only 10% taxed at a level approaching the full cost of carbon emitting.
A market solution is just too slow!
h/t Alan Beattie (FT)