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The market certainly can be regulated in such a way as to effectively price in the costs. If we can have companies following constructs such as Sarbanes-Oxley
by radicalbyte 7y ago
The market certainly can be regulated in such a way as to effectively price in the costs.
If we can have companies following constructs such as Sarbanes-Oxley then they can most certainly follow the constraints of environmental constructs.
Unless you mean that certain vested interests will bankroll politicians to cut regulation? Then yes, that is a very big problems (see: Koch industries buying their way out of environmental legislation) but not insurmountable.
- ianai 7y agoSo I don’t have the answer here. I do like Jay Inslee’s argument for simply making mandates to cut emissions and carbon usage. Ie mandating ever increasingly efficient fuel ratings on vehicles. He says that’s an easier policy change than forcing costs on people through laws or created markets that can be undone in a following cycle. It’s all got to be on the table and considered though. The entire energy footprint of almost all of the industrial revolution through to current needs to be undone in some way. There’s an inherent requirement on the energy that must be expended in order to do that, by the laws of thermodynamics/physics.