Quote:
Originally Posted by SebC
Yes, and the complete cost of pollution can't be included in the market price if polluters can just shift their business to other parts of the world - or worse, to other forms of pollution.
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That will only happen if the added cost as a result of compliance from power plants outweighs the cost required to move to another country, and considering that the US economy is 80% services that seems remote. In any case your still putting a cost from Carbon pollution so the US is increasing the markets efficiency.