| Many are puzzled by the political theory of carbon markets. Why does the Institute for Public Affairs – a libertarian think tank – oppose a market in carbon? Tim Wilson, for example, thinks that private property rights are good, intellectual property rights are important, but carbon markets are some kind of socialist plot. The difference seems to be that carbon markets aren’t “free” because they involve regulation, and carbon permits aren’t “natural” property.
Of course, there are distinctions. Physical land can be defended with a sword. You don’t need such elaborate official definition...............................................Full Article: Source |