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Reducing carbon emissions does not affect profitability because emitters don't pay for them; they are 'externalities', if I remember my economics correctly. Put
by hackuser 12y ago
Reducing carbon emissions does not affect profitability because emitters don't pay for them; they are 'externalities', if I remember my economics correctly. Put the cost on their balance sheets and reducing carbon emissions will become profitable.
If you dump a ton of solid toxic sludge in my back yard, ruining my back yard, and you will pay to clean it up. Dump a ton of gaseous toxic sludge in the atmosphere, contributing to a global catastrophe, and you don't pay a dime.
Ignoring the morality of it, it seems like simple responsibility: Why is everyone else suffering from and paying to clean up their mess? Sea walls, forest fires, water shortages, etc. etc. Taxpayers are paying to clean up the mess made by the emitters.
- danielweber 12y agoBecause neither party wants to write off the coal states. There is still a Coasean way out: offer those states money to not burn their coal.