4 ms·
Price elasticity is real: if PFAS is more expensive, people will buy (and businesses will produce) fewer PFAS-derived products. Raising the price is especially
by Centigonal 4y ago
Price elasticity is real: if PFAS is more expensive, people will buy (and businesses will produce) fewer PFAS-derived products. Raising the price is especially nice because it causes price-elastic use cases (think PFAS coated paper cups) to drop out, while price-inelastic use cases (think teflon joint implants) are not made illegal, just more expensive. If the government earmarks PFAS tax revenue for remediation, that'd be awesome, but that's just a side benefit - the price increase is the main benefit.
I do thing greenwashing and environmental whack-a-mole is a real problem (heck, we see it in the PFAS space with GenX replacing PFOA). I don't see that as a valid reason to do nothing.