There are two interrelated aspects when discussing global warming and climate change: one is the validity of the science, and the other is the policy approach taken.
This post is about the policy approach taken, so rather than debate the science, assume there is a scenario where a producer is causing damage (external costs) to others, and consider what policy is appropriate in such a situation:
For too long has the Left been allowed to own this issue, leading invariably to big government attempts at a solution. Given the track record of governments in handling environmental issues, this is not a good outcome.
Most current policy approaches to this situation are wrong because they are manifestly unfair.
It is time that we campaign to ensure that a fair, market-based, solution is achieved.
Below I will detail several of the current policy approaches being used, and show why they are wrong; I will then make the case why the libertarian approach, based on private property rights, is the correct solution.
Continue reading The right policy approach to climate change(8 min read)