28 May '14, 1pm

Climate Change and the American Economy

Climate Change and the American Economy

This is exactly backwards. If you believe in American capitalism and free markets then you believe in a price on greenhouse gas emissions. The only question is what that price should be. A properly functioning market-based economy creates a real and accurate price for a product, supporting rational consumer behavior. In a market-based economy, businesses are rewarded for efficiency, because lower cost motivates consumers. This is why American capitalism has been so successful — a very clear reward exists for developing efficiencies or innovation, and that reward is market share. This reward is a fundamental principle on which American excellence was built. Rather than being included in the price of energy, the external price of our CO2 emissions has been, and will continue to be, socialized across current and future populations through the costs and taxes that will pay for...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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