Market incentives probably would reduce any serious harm from global warming more effectively than mandatory reductions of greenhouse gases. But although creating global markets for permits to emit carbon dioxide would cut the cost of emissions reduction, those whose interests are attached to government control strenuously oppose such markets.

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Other Independent Review articles by J. R. Clark
    Fall 2011   Shrinking Leviathan
    Spring 2005   Economic Freedom in the World, 2002

Other Independent Review articles by Dwight R. Lee
    Spring 2019   The Diversity Delusion
    Spring 2015   Making the Case against “Price Gouging” Laws
    Summer 2014   The Two Moralities of the Minimum Wage
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