Quote:
Originally Posted by guzzy
I have been saying for years that carbon tax and climate policy will do very little towards solving, or even reducing climate change. It will be capitalism and the private sector (probably heavily backed by public money) that will do the most. We will find a way to weasel out of this and lots of people will make money doing so.
Climate policy today exists, at least partially, so ideological people can make lots of money for them and their friends (Al Gore, Justin Trudeau and company, etc). While they are profiting, they are also creating awareness and using some of the public money towards research and real solutions.
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The carbon tax is probably the best signal for the private sector to do something.
Big market guys really don't know much about prices.