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Peony43 : climate-change-planning   36

Climate Change, Markets, and Marxism by Adair Turner - Project Syndicate
True, the need to tackle climate change does pose a challenge to simplistic and extreme free-market ideology. Free markets alone cannot cope with the “externalities” that arise when economic activities produce harmful consequences that impose no direct cost on individual producers and consumers. And climate change is the biggest externality of all, with the harmful consequences likely to be suffered by future generations worldwide, rather than primarily by those currently producing and consuming fossil fuels.
As a result, significant public policy interventions are required. These should include carbon prices, which create incentives for reducing emissions; regulations mandating more energy-efficient buildings, consumer appliances, and vehicles; and subsidies to nascent technologies that have not yet achieved the economies of scale required for low-cost production.
regulation-good  collective-action  market-fundamentalism  climate-change-planning 
november 2018 by Peony43
The Climate Crisis? It’s Capitalism, Stupid - The New York Times
The real culprit of the climate crisis is not any particular form of consumption, production or regulation but rather the very way in which we globally produce, which is for profit rather than for sustainability. So long as this order is in place, the crisis will continue and, given its progressive nature, worsen. This is a hard fact to confront. But averting our eyes from a seemingly intractable problem does not make it any less a problem. It should be stated plainly: It’s capitalism that is at fault.
sustainability  climate-change-planning  capitalism-bad 
november 2017 by Peony43
Harvey and Irma are the new normal. It’s time to move away from the coasts. - The Washington Post
When Congress votes on whether to reauthorize the deeply indebted flood program this month, it could remove the regulation that those who file claims must rebuild near the wrack line. Instead, the program could offer discounted flood insurance to homeowners in the highest-risk areas, with a caveat: In return for lower premiums, those homeowners would agree to accept buyouts if their properties were damaged during a flood. This would help keep insurance rates affordable for low- and middle-income homeowners (a daunting task given that the program is both federally subsidized and tens of billions of dollars in debt) while encouraging folks to move out of harm’s way.
flooding-solutions?  climate-change-planning 
september 2017 by Peony43

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