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Profit in general is not the problem. It’s that we have no idea how to price externalities. If you could prove in court a correlation between coal production a
by rapind 5y ago
Profit in general is not the problem. It’s that we have no idea how to price externalities. If you could prove in court a correlation between coal production and disastrous weather events then you would enable massive class action suits against coal producers, eliminating any profit potential. No investor would go near it and the problem would solve itself.
- laingc 5y agoWell, we actually do know how to do this fairly well. An Emissions Trading Scheme is the way to go.
- Guest42 5y agoI think that models from the reinsurance industry provide a certain amount of guidance as to the pricing of the externalities and they have been upping their premiums in recent years.