Adair Turner, “Climate Change, Markets, and Marxism” At a time when some prominent world leaders are hampering progress toward a low-carbon economy, the chairman of INET explains why combating climate change threatens neither prosperity nor private enterprise. In fact, market competition is essential for a zero-carbon economy: once carbon prices and appropriate regulation provide the required incentives, it is the competition among profit-motivated firms that will ensure decarbonization is achieved at the lowest possible cost. The new report published by the Energy Transitions Commission makes this very clear. And it is uplifting! (reads in 6-7 min).
To access this post, you must purchase MB Digital, MB Connect, Free Trial (MB Connect Level) or MB 100.