4 ms·
Well yah, anyone could have told you that. Relying on consumers to change the world through "market forces" is hardly going to work, because "market forces" are
by lincon127 3y ago
Well yah, anyone could have told you that. Relying on consumers to change the world through "market forces" is hardly going to work, because "market forces" are dictated by major market players. Not to mention that if these credits are transferrable then the government is essentially subsidizing companies for being polluters under a certain threshold. Meanwhile the companies that can afford a lot of credits buy them up and offset the cost via consumers, thus the pollution is still made, it just becomes more focused. Plus, they can no doubt hide exactly where that money is going, since they have all this capital to invest in these offsets in the first place.
The only way to fix climate change is with real legislation. Not through governments attempting to manipulate the market.