I am getting pretty tired of seeing the assertion that a cap and trade scheme for regulating carbon dioxide emissions is somehow an unreasonable extra cost. Yes, it will lead to higher energy prices, but that is due to the fact that costs will begin to more accurately reflect the true nature of the hidden effects involved. This means that energy has been artificially priced too low, and that cap and trade wouldn't be the addition of a new cost, but rather the end of a subsidy. The distinction is an important one as it acknowledges that we have been working with an unrealistic model.
No comments:
Post a Comment