The amazing force for good that high petrol prices have shown to be, even made a previously insanely counterproductive Brazilian ethanol subsidy almost return a break even after all those years of being a junk bond investment. High petrol prices also help our sugar farmers, only due to the Brazilian swing production status which connects the two. The advent of carbon trading has made Uranium more financially desirable. It is time to make a global pollution emissions trading system. Radiation emissions/waste products trading for instance, should be trialled to counter the "carbon bias" of current environmental regimes. Nasty coercive regulation should be contrasted with "minimum necessary regulation" which is better than self-regulation or free for all. Flexible regulation involving trading of the "commons" resource is good if it can prevent the tragedy of the commons, which is what we should be fearing. Technologies that "can" save the world are useless if there is no individual incentive to research and apply them.
evildrclam says:Hooray for rising petrol prices! Rising petrol prices are a much better engine to drive the development of sustainable energy resources than nasty coercive regulation or evil market-distorting subsidies: rising prices focus pressure precisely where it is most needed, while government intervention spreads the burden with majestic impartiality over the just and the unjust alike...
'The rain it falleth on the just, and also on the unjust fellow;
But chiefly on the just, because, the unjust steals the just's umbrella.'
And, I am doing the responsible thing what you told me to, and reading the Skeptical Environmentalist. This means that sooner or later I will have to go to the trouble of constructing a great big post pointing out the errors in sites pointing out the errors in discussions of Bjorn's pointing out the errors in speeches of Al Gore's... Curses!