• qaz@lemmy.world
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      5 months ago

      He’s arguing that if pollution was priced in, the market would optimize to find ways to reduce it. Which is true, except that:

      1. This regulation is never going to actually be implemented without major loopholes.
      2. The market will optimize for loopholes instead.
      3. A large amount of ways to “reduce” pollution only works on paper (e.g. carbon credits)

      It’s not exactly a novel idea, it makes sense in the theoretical scenario where we would have effective regulation. Which is also precisely the problem to begin with.