http://realclimateeconomics.org/wp/archives/104 Economics in an era of climate change: designing just solutions to crisis Fri, 11 May 2012 13:20:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://realclimateeconomics.org/wp/archives/104/comment-page-1#comment-44 Essentials of Smart Climate Policy « Real Climate Economics Mon, 19 Jul 2010 19:16:06 +0000 http://realclimateeconomics.org/wp/?p=104#comment-44 [...] Putting a price on carbon is a second key element of smart climate policy. An underlying reason for our current situation is that we have treated the Earth’s limited capacity to absorb and recycle carbon emissions as if it was infinite. When useful things are in infinite supply, they’re free. When useful things are scarce, they have a price. To send the proper market signals to consumers and producers, we need to correct this mistake by putting a price on carbon emissions. [...] [...] Putting a price on carbon is a second key element of smart climate policy. An underlying reason for our current situation is that we have treated the Earth’s limited capacity to absorb and recycle carbon emissions as if it was infinite. When useful things are in infinite supply, they’re free. When useful things are scarce, they have a price. To send the proper market signals to consumers and producers, we need to correct this mistake by putting a price on carbon emissions. [...]

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