You are on page 1of 4
necator ten are inalienable is ne ove int Soto buy a hil or the Fightto paretat ve . eo P ‘oink pay to restore an Amazonian rainforest or mox wlesnize anol cos ‘burning factory ina developing county, aan to cast shadow over parent is rieace of loving Your chile ave ne asic the eB [A the time, I wrote an op-ed in The New York aginst the trading scheme. I worried that tng eae asia ped some of chem by BADINE ight to pe ie lteltingpelepye be a rrr ix advastagess 2 THI quota, however odious, would ae fixed quot sions, we would undermine the sense of shared serifie necessary to fatte global a «cooperation onthe environment Mi ‘The Times was flooded with sathing letters mos from eon costs, some of them my Harvard colleagues filed to understand the virtue of markets, they suggested, or the eciences of ade, ot the cementary principles of economic rationality Amid the toe tentofericism I did receive a sympathetic email from my ol eae lege economics professor. He understood the st point I was ying to make, he wrote. But he also asked a smal favor: Would mind aot tradable Pollution Permits jepeena ne and fee isao leva lag Tae duce greenhouse ses vesions ail fine companies nd carbon emissions, lu over how toe : ent set its on €™ ee 1. create tradable ‘pollution " government ould them? Or sho 5 approach saysin fl a vox of doing business: Buti thal Fiuering but simply 2 «hat emitting polation Taga attach to companies should some moral si 2 To decide thi ub revealing the identity ofthe person who had taught me is question, We lve since reconsidered my views about emissions jo the a pollution trading to . tome extent—though not forthe doctrinal ean the economia i A benefits; we have to decide or calculate costs and be . : we want to promol the environment litter out the car wir E indo onto the high A ecimiting carbon dioxide is notin itself objectionable. Weal do ‘ery time we exhale, The rane The noting nny wrong wih sito the ai. ‘Kyoto conference on global swarming (1997) Aa the Kyoto cone ‘ ed that any mandatory W nce wading mE vel he ight to pollute S05 f08 he Kyoto, " {alflits obligations under th F cown greenhouse gas emissions place els. Rather than tas Escaneado con CamScanner sions or buy extra pollution pert ee m poe iota ag a oer bah Sulfur emissions declined, and the in i ee ena nthe ‘Stal arming, The Kyo Pree aa2h enon a “ty for spewing mercury and fe» hice thy could reset ae a Ee S rnd for bfouing he ait with cok Sjns or ay another country t redaes sen EsanouE Micae ks ene ee . cr wean sae cal people oppord ine SB Oe nha Some peo onts on instr. Bu others, the United anys a rae Se Dep ih induce sccm sndaubsien all dina ine i lea ite go htthe moral co fs iba materi tha imposes highet ‘pak to environmental protec sought more efi ni At prvi bone ae a Faking deopened thet hol some anything ave f economic ways 0 ‘ehadvocates began fo OF markeebased approaches Ee a With the proposed market in procreation pees, ame instead pa BEE ae ri oa? Ting hc cas “re simplest way fputinga pice on allt ial love by ese child. ing parents vee seen asa fe rather than & they nice, Peis fr this reason, ita el sc. So policy makers have embraced 2 tion to pollacion—emissions trading 1 1990, President George H. W. Bu reduce acid rain, which is eaused by. certain amount, and then Ie Escaneado con CamScanner yo) HAT Oe

You might also like