| Almost nothing has more power to create prosperity, overturn governments, damage the planet, or change lives than markets. So as negotiators work towards a climate agreement in Paris, it's worth remembering that it was a market failure that caused our climate pollution problem and, just maybe, it is smart market-based policies that can save us.
The evidence for this proposition is strong. Already, carbon markets - systems that limit overall pollution but allow trading within those limits to spur efficiency - are reducing climate pollution in more than fifty states, provinces, countries, and regions, from California to South Korea to Europe, that are home to almost a billion people...............................................Full Article: Source |