Left alone, a free market economy won’t preserve the environment and conserve resources. Businesses can pollute, people can make bad environmental decisions. That’s why economists address how government intervention can help secure a clean and healthy environment. Can environmental economics help in the fight against climate change? How can we provide the right incentives for a transition to energy efficiency? Nobel Laureates discuss the challenges of climate change, renewable energy and the way to economic sustainability.
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Why price carbon? A way to reduce the effects of human activities on the environment
There are few things almost all economists agree on, but a price on carbon is one of them. A reasonable solution to reduce the effects of human activities on the environment, many Nobel economists argue that the issue is still complex.
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