The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies.
Stupidly click baity title. The only corporation that does not pollute is the one that doesn’t produce anything. Sure, regulations such as carbon taxes are necessary to contain negative externalities, but if there’s a demand for cheap products there will be a lowest bidder that will take all market share.
Lowering our consumption is unfortunately the way to make those companies pollute less.
People don’t want to hear about their personal responsibility to consume less, but it’s true. Corporations aren’t run by Captain Planet villains polluting for the same of pollution. They sell what people buy.
Sure, regulations such as carbon taxes are necessary to contain negative externalities, but if there’s a demand for cheap products there will be a lowest bidder that will take all market share.
If the taxes are accounting for the externalities well enough, even the lowest bidder will be sustainable.
Stupidly click baity title. The only corporation that does not pollute is the one that doesn’t produce anything. Sure, regulations such as carbon taxes are necessary to contain negative externalities, but if there’s a demand for cheap products there will be a lowest bidder that will take all market share.
Lowering our consumption is unfortunately the way to make those companies pollute less.
People don’t want to hear about their personal responsibility to consume less, but it’s true. Corporations aren’t run by Captain Planet villains polluting for the same of pollution. They sell what people buy.
If the taxes are accounting for the externalities well enough, even the lowest bidder will be sustainable.