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Is environmental protection expensive?Is Environmental Protection Expensive? The question arrives dressed as economics, but it is almost always a question about imagination. A river catches fire once and people call it tragedy. A river catches fire twice and investors call it uncertainty. A river catches fire three times and economists quietly rename it “externalized cost.” Language has a way of laundering smoke. For...0 Commentaires 0 Parts 3KB Vue 0 Aperçu
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Should governments tax pollution?Should Governments Tax Pollution? The river looked anesthetized. Not dead. Worse. Alive in a diminished way, as if life itself had signed a compromise agreement. I remember standing beside the Cuyahoga years after the famous fire, watching the water move under a film of industrial sheen that caught the afternoon sun like a bruise. Nearby, a father cast a fishing line with the stubborn...0 Commentaires 0 Parts 4KB Vue 0 Aperçu
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What is cap-and-trade?What Is Cap-and-Trade? There is a moment that arrives in certain industrial cities just before dawn when the air becomes visible. Not fog. Not weather. A chemistry of exhaust, sulfur, nitrates, carbon, and microscopic particulates suspended low enough to taste. I remember standing near the ship channel outside Houston years ago while a refinery exhaled steam against a bruised sky. A worker...0 Commentaires 0 Parts 4KB Vue 0 Aperçu
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Who should pay for environmental damage?Who Should Pay for Environmental Damage? The Bill Is Coming Due A few years ago, I sat in a boardroom listening to a heated discussion about a manufacturing expansion. The numbers were attractive. Revenue projections looked strong. Jobs would be created. Investors would be happy. Then someone raised a question that changed the tone of the room. What would happen if the project contaminated...0 Commentaires 0 Parts 1KB Vue 0 Aperçu