Monday, March 12, 2007

Global warming

Jonathon Rauch brings some sanity to the debate on global warming with a great op-ed.

His most significant recommendation is to simply tax carbon emissions and let the market work it's magic. I agree completely. We don't need government caps and controls. What we need is to simply correct the market failure that causes prices to not reflect the true costs of global warming. With those costs factored in, alternative energies will become more viable and emissions will be reduced. And without infringements on our liberties.